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HERMISTON, ORE. – A 55-unit Best Western in Hermiston has received $3.17 million, which will be used to refinance the property. The hotel is located at 2255 South Highway 395. The long-term, fixed rate loan was provided by Premier Capital Associates.
CITRUS TOWER OPENS IN RIVERSIDE
RIVERSIDE, CALIF. -- Citrus Tower, a Class A office building located at 3390 University Ave. in Riverside, has opened. It broke ground in 2010. The building is owned by Mark Rubin of Regional Properties and was built by McCormick Construction Company. Citrus Tower’s listing broker is Richard J. Erickson of Lee & Associates-Riverside. The building’s first tenant is Best Best & Krieger LLP, which occupies 35,000 square feet on the fourth and fifth floors.
APPLIANCE DEPOT LEASES 38,400 SF OF INDUSTRIAL SPACE IN TEMPE
TEMPE, ARIZ. -- Appliance Depot has signed a five-year lease for 38,400 square feet of industrial space in Tempe. The facility is located at 2424 W. University Drive. Appliance Depot was represented by Chad Neppl and Jeff Hays of NAI Horizon. The landlord, Sigour Investment Trust, was represented by Matt McDougall & Stein Koss with Lee & Associates.