CBRE Group has brokered the sale of a 144,000-square-foot industrial building in Anaheim to American Technologies for $16.6 million. CBRE’s Carol Trapani, Ben Seybold and Sean Ward represented the seller, Doyle Properties LLC, and CBRE’s Brad Bierbaum represented the buyer, an owner/user in this transaction. The property, at 3360 East La Palma Avenue, includes 85,000 square feet of warehouse space and 48,900 square feet of office space. American Technologies plans to rehab the facility, last purchased 30 years ago, according to CBRE. The building is located within Anaheim’s Canyon Business Center.
Also from CBRE, the firm has sold Olive Street Apartments to an undisclosed private investor in Anaheim for approximately $4.19 million to an undisclosed private investor. CBRE’s Dan Blackwell represented the seller and the buyer, who bought the property in a 1031-exchange. The building, at 129 South Olive St. and in proximity to Downtown Anaheim and the Anaheim Packing District, is a 14-unit apartment complex that features two-bedroom, two-bathroom townhome floorplans. Each unit is more than 1,000 square feet with vaulted ceilings and patios and balconies. Building amenities include a secured gated entry, 32 subterranean garage spaces and an on-site laundry facility.
People in Real Estate
Taylor Design, an architecture, environments and strategies firm, added John Gresko, Todd Yamanouchi, and Alesha Arp to its leadership team in Irvine. Gresko is the firm’s new senior project manager. Yamanouchi joins Taylor Design as architect. Arp is the firm’s new senior strategist. She most recently served as UX research / analyst for DealerSocket in San Clemente.
Milestones
Betsey Dougherty and Brian Dougherty of Dougherty & Dougherty Architects in Costa Mesa have received a collaborative lifetime achievement award from the American Institute of Architects California Council (AIACC).
NAIOP SoCal and the Center for Real Estate at UC Irvine’s Paul Merage School of Business have awarded Brian J. Ortwein, TRI Pointe Homes project manager, the 2016-17 NAIOP SoCal-CRE Fellowship. The fellowship offers a combined learning experience, where awardees have the opportunity to attend NAIOP SoCal board meetings and also enhance their formal education through a $7,500 financial award designed to develop and prepare future real estate industry leaders. Ortwein plans to apply his award to his studies at the Merage School where he is enrolled in the FEMBA program, class of 2019.
Benjamin Kasdan a director of design at KTGY Architecture & Planning in Irvine is the recipient of the 2017 AIA Young Architects Award by the American Institute of Architects. Kasdan, focusing on the sustainable design of multifamily, mixed-use and infill-housing development, is a team leader at the firm. He is also the 2016-17 vice president of AIA California Council’s Academy for Emerging Professionals, a volunteer leadership group.
Irvine-based Antis Roofing & Waterproofing has won the CNA and the National Roofing Contractors Association (NRCA) Community Involvement Award. Antis received a $7,500 monetary donation from CNA. The company is giving the funds to OneOC, which supports nonprofits with volunteers, training, consulting and fiscal sponsorship.
Coming up
Stanfield Real Estate of Huntington Beach and Newport Beach based HOM Sotheby’s International Realty will host a seminar on investing in small apartments Saturday March 25 at the Ayres Hotel, 325 Bristol St., Costa Mesa. Topics include: benefits and risks; financing options and more. The event is free. To register, call 714-442-0736.
The real estate briefs are compiled by contributing writer Karen Levin and edited by Samantha Gowen, business editor at the Register. Send related items to sgowen@scng.com. Allow one week for publication. High-resolution photos also can be submitted.
