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Katie Hinderer

Contributing Writer
HFF Arranges $25.2M in Financing for Ontario Gateway Center
Holliday Fenoglio Fowler has secured $25.2 million in financing for the Ontario Gateway Center. The 10-building, 220,930-sq.-ft. retail center is located in Ontario, Calif.
Western National Property Management To Manage The Paseos at Magnolia
Western National Property Management has been tapped to handle the leasing and management of The Paseos at Magnolia. The 168-unit luxury apartment community being developed by the Hutton Cos. is located in Riverside, Calif.
Chelsea Receives $23M in Financing from U.S. Bank
Chelsea Investment Corp. has received $23 million in Low-Income Housing Tax Credit equity for the development of Fairbanks Commons Apartments. The financing is being provided by U.S. Bank.
Pneumatic Scale Signs 26,506SF Lease
Pneumatic Scale Corp. has taken 26,506 sq. ft. in Rexford Industrial’s 10860 6th St. in Rancho Cucamonga, Calif. Terms of the lease were not disclosed.
AEW Buys 127,000SF Office Campus
AEW Capital Management LP has purchased the office property at 3111-3141 Coronado Drive in Santa Clara, Calif. The two-building campus was sold by 3111-3141 Coronado Drive Associates, LLC, a venture between Bixby Land Co. and JP Morgan. Terms of the deal were not released.
PM Hospitality Strategies To Manage Homewood Suites in Oakland
Hotel management company, PM Hospitality Strategies has added another West Coast property to its management portfolio. The Washington, DC-based company will now manage the132-key Homewood Suites by Hilton Oakland Waterfront.
Hutton Cos. Begins Construction of La Verne Village
Construction has begun on La Verne Village, a mixed-use development in La Verne, Calif. The $43 million project is being developed by Hutton Cos. and was designed by KTGY Group Inc.
Sabra To Offer $200M Senior Notes
Subsidiaries of Sabra Health Care REIT Inc. will offer $200 million aggregate principal amount of senior notes due 2023. BofA Merrill Lynch, Barclays, RBC Capital Markets, and Wells Fargo Securities are the book running managers, while Credit Agricole CIB and RBS Securities Inc. are co-managers.
Trion Properties Purchases Two Multifamily Properties
Trion Properties has purchased two multifamily properties for a total of $7.25 million, in two different transactions. The properties are located in El Cajon, Calif. and Sacramento, Calif.
Lucent Capital Arranges $11.05M in Permanent Financing
Lucent Capital has arranged $11.05 million in permanent financing to recapitalize two Southern California properties owned by a Beverly Hills-based investment group.
Imperial Promenade Reaches 100% Occupancy
In a two-year period, Imperial Promenade went from 30-percent vacancy to 100 percent occupied thanks to a variety of leases. The property is owned by a partnership between DeBeikes Investment Company and Warmington Properties.
Three Carnegie Plaza Sells for $8M
Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif.
Beverly Hills Office Property Sells for $1,150 per SF
The Wallace Family Trust has disposed of 130 S. El Camino Dr. in Beverly Hills, Calif. The undisclosed buyer paid $10.4 million for the 9,046-sq.-ft. office building.
Construction Begins on Argyle Apartments
Construction has begun on Argyle Apartments, a 40-unit affordable housing project at 1600 N. Western Ave in Hollywood. The four-story structure is meant to house both seniors and young families. AMCAL Multi-Housing is developing the property, which will be LEED certified.
Dylan Investment Properties Purchases Medical Center
Dylan Investment Properties has purchased St. George Medical Center in Carmichael, Calif. for an undisclosed total. SA Challenger Inc. disposed of the 52,677-sq.-ft., four-building medical office building.
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