Premier Business Centers signed a 38k SF, 91-month lease renewal for its executive suite center at 1875 Century Park East (above) in Century City. The new lease, which is valued at $8.5M, begins Nov. 1, 2012. LA Realty Partners principal Gary Weiss represented the tenant, while landlord Watt Management was represented in-house by Kathy McKay.
Excel Hotel Group signed a five-year lease for 4,494 SF of office space at 10660 Scripps Ranch Blvd. Chris Hobson and Bob Kuzman of Cassidy Turley BRE Commercial represented the landlord, Cornerstone Realty Investments, while Chris Downs and Robert Faithful of Stone-Miller represented the tenant.
Orbital Enterprises leased about 12k SF of industrial space at 4650 Mercury St in San Diego from Herbert Gary Lewis Separate Trust. Bryce Aberg and Brant Aberg of Cassidy Turley BRE Commercial represented the landlord and tenant, along with the firm’s John Orlando.
National Semiconductor Corp leased 2,086 SF of office space at 12520 High Bluff Dr in San Diego from Plaza Holdings. Bill Cavanagh of Cassidy Turley BRE Commercial represented the tenant, while Chris High of Cushman & Wakefield represented the landlord.
La Jolla Capital Group and Kairos Capital leased 980 SF of office space at 1025 Prospect St in La Jolla from Portland Investments. Bob Kuzman of Cassidy Turley BRE Commercial represented the tenant and the firm’s Mike Slattery also represented the landlord.
TNP Strategic Retail Trust Inc entered into a secured revolving credit facility with KeyBank with an initial aggregate lending commitment of up to $35M, replacing a $15M facility that matured Dec. 17. The new facility includes an accordion feature that allows for an increase in commitments up to $150M.
CityView added Mark Beisswanger, formerly the Ryland Group’s Western regional president, as a managing director and EVP. He’s in charge of asset management for the urban real estate investment firm’s three housing funds, which total more than $350M in 12 states. CityView also promoted Damian Gancman to SVP of acquisitions and strategic ventures and Boris Sturman to VP of finance.
James Matson, office director and project manager in HGA Architects and Engineers’ LA office, was promoted to VP. His projects include the recently completed Arts Village at Chaffey College and the Net Zero Energy Science Complex under construction at Los Angeles Harbor College.
Jeff Gahagan and John Son, principals in Lee & Associates’ Anaheim office, were appointed shareholders. Gahagan specializes in industrial leasing, sales and investments, while Son focuses on owner/user industrial and office transactions as well as land sales and development.