Colliers International has been selected to manage two high-street luxury retail buildings in Beverly Hills, Calif. The properties, which are owned by Grosvenor Americas, are located in the Rodeo Drive corridor and house Harry Winston and Bebe.
The landmark retail property located at 1486 East Valley Rd. in Santa Barbara, Calif. has been sold for $16 million. The seller was 1486 East Valley Road LLC, while the buyer was an international fund, US 3N LLC.
Kent Mehring has been hired by WNC to fill the role of vice president of asset management. In his new role, Mehring will oversee the leasing of properties in the company’s portfolio, stabilized asset management and compliance monitoring.
Rexford Industrial has purchased a 100,851-sq.-ft. distribution warehouse in the South Bay area of Los Angeles. The building, located at 1661 West 240th St., sold for $5.27 million in a short-term sale lease-back deal.
Johnson Capital has arranged $23 million in multiple loans for multifamily and residential properties throughout the western United States. The deals were arranged by Richard Caterina, senior vice president in Johnson Capital’s local office.
Mesa West Capital has provided senior debt financing to an affiliate of Dostart Development Co. for the acquisition and renovation of 222 Caspian Dr. in Sunnyvale, Calif. The property was purchased in an off-market transaction. Terms of the sale and provided financing were not released.
Lincoln Property Co. in conjunction with Angelo, Gordon & Co. has purchased 800 Wilshire. The 220,757-sq.-ft., 16-story office property is located on the corner of Wilshire Boulevard and Flower Street in Los Angeles’ Financial District. The terms of the sale were not disclosed.
Jones Lang LaSalle has been tapped to handle the leasing of the Fremont Distribution Center. The three-building, institutional quality warehouse and distribution facility is located at 47602-47283 Kato Road in Fremont, Calif.
Eagle Group Finance has provided a $2 million short-term, non-recourse senior note to a family operated investment group. The loan will be used to recapitalize a 13.74-acre land parcel in Chino Hills, Calif., allowing the owner to move forward with development plans.