Hillsborough Submarket

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    Scott Hook rejoins the firm’s Newport Beach, Calif., office, following more than two decades with the firm. He will focus on retail transactions throughout the western U.S., with an emphasis on Southern California.

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    Sorgente Group sold the Fine Arts Building, a historic 115,902-square-foot office property in the city’s Financial District, which hit the market in September 2016.

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    So-called “urban-suburban” submarkets that offer mixed-use developments are in the best position to capture demand from occupiers and investors looking to leave CBDs, according to the latest CBRE market report.

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    The shopping center owner and manager hired Quang Nguyen as vice president of marketing and technology. Nguyen brings 17 years of experience to the company.

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    Principals David Duckworth, Tim Callahan, John Crotty and Michael Fay, who is also managing director of the firm’s Miami operations, represented the seller in the transaction.

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    The Japanese auto parts manufacturer previously announced a $10 million investment, but it now significantly expanded the project. Topre America intends to build a 150,000-square-foot facility in Clark County, Ohio, that will create 85 jobs.

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  • RAF Pacifica to Develop Carlsbad Distribution Facility

    The Class A project for San Diego Hat Co. is slated for completion in the second quarter of 2018. The developer has more than 750,000 square feet of Class A industrial creative space under construction in this submarket.

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    The six-story tower will sprout up at Lake Nona Town Center within the Lake Nona master-planned community, bringing the developer’s local pipeline to more than 1 million square feet.

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  • Grocery-Anchored Retail Center Trades in San Antonio

    Sterling Org. sold a 103,000-square-foot shopping center in San Antonio. Recently, the property underwent renovations that included updated building façades, signage, lighting and parking lot.

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    The two buildings in Santa Monica were acquired from the Blackstone Group, which continues to sell off parts of its Equity Office Properties Trust portfolio.

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