February 23, 2010
GROUND BREAKS FOR P-790 COMBATANT CREW TRAINING FACILITY IN SAN DIEGO AREA
CORONADO, CALIF. — Construction is underway for a P-790 Special Operation Forces Combatant Crew Training Facility at the Naval Amphibious Base in Coronado. Designed by KMA Architecture & Engineering to achieve LEED Silver certification, the two-story, $8.6 million project is slated for completion in December. When general contractor Barnhart Inc. finishes, the 35,645-square-foot concrete masonry and steel-frame building will house high bay boat storage and maintenance for up to 18 boats, as well as administration, conference and instructor-support space; classrooms; medical exam rooms; shower and lockers; and weapons vaults.
$5 MILLION REDEVELOPMENT PROJECT COMPLETE IN WEST. L.A.
LOS ANGELES — TPMC California has completed a $5 million redevelopment of a six-floor, 107,000-square-foot Class-A office building located at 12301 Wilshire Blvd. in West Los Angeles. Per Gensler’s design, the 1970s-era building underwent a complete transformation at the ground level, including installation of a new modern glass façade and a full renovation of the building’s lobby and outdoor plaza. TPMC California, a subsidiary of TPMC Realty Corp., originally purchased the office building in September 2008. Completion of the project, TPMC’s first in California, coincided with the grand opening of the property’s newest tenant, Staples, which now occupies 4,135 square feet of ground-floor space fronting Wilshire Boulevard for its new Staples Print & Copy Shop concept.
BANK OF THE WEST DISPOSES OF 43,000-SQUARE-FOOT INDUSTRIAL BUILDING
DENVER — Bank of the West has sold a 43,000-square-foot industrial building, located at 5055 E. 48th Ave. in Denver, to Premier RE Holdings for an undisclosed price. Grubb & Ellis’ Steve Poole and Steve Fletcher and Acquire Real Estate’s Paige Coker-Heiman represented the seller in the transaction, and Doug Viseur of CB Richard Ellis represented the buyer.
HAWAII CRE LLC HANDLES PURCHASE, FINANCING OF $2.3 MILLION OFFICE PROPERTY
HONOLULU — Hawaii Commercial Real Estate LLC has represented a local orthodontist in the $2.3 million purchase and financing of a 15,000-square-foot office building located at 1210 Ward Ave. in Honolulu. The company arranged 90 percent financing through the SBA 504 loan program. Hawaii Commercial Real Estate’s Jamie Brown handled the real estate transaction, and Ted Ketcham arranged the financing.