Author: bailes

Mark Coffey and Rob Rowan of the Bailes & Associates, Inc. Orange County office represented the buyers of four office condominium at 4340 Von Karman, Newport Beach, CA. Two (2) units where purchased by individual investment groups: SC Investment Group and Newcastle Capital Group, LLC and two units were purchased by Wealth Ocean, Inc., a international trade services corporation based in Irvine, CA with offices in China. The transactions closed in Q4 2016 and Q1 2017. The total sales value was approximately $3M.

4340 Von Karman is a four-story Class A, LEED Gold Certified office building located with Koll Center Newport. The project is a development of Newport Beach-based Citivest, Inc. in partnership with Professional Real Estate Services, Inc. (PRES) and BitCentral.

Gary Pepp, Senior Vice President, represented Bailes & Associates, Inc in the Exclusive Referral Agreement to provide all Real Estate Services required to the Cooperative of American Physicians, Inc. (CAP) and their 12,000 physicians in the State of California.
CAP was established in 1975 by a group of physicians concerned about the spiraling cost of California medical malpractice coverage and who were galvanized to do something about it. The result was a unique medical malpractice liability cooperative whose core product provides medical professional liability protection to more than 12,000 of California’s finest physicians. In 2013, CAP organized CAP Assurance, a Risk Purchasing Group, to bring liability insurance coverage to member hospitals, health care facilities and large medical groups.
CAP’s headquarters are in Los Angeles with satellite offices in San Diego, Orange County, Sacramento and Palo Alto.

Gary Pepp, Senior Vice President, represented Bailes & Associates, Inc. in the Exclusive Referral Agreement to provide Real Estate Services to MSO, Inc. of Southern California (CAP) and their 1,000 physicians and medical providers. MSO feels that Bailes & Associate is a “value added service” to their clientele.
MSO provides strategic and business planning, marketing and other consulting services to physicians, providers and hospitals. MSO, Inc. believes that its own success is derived from the success of the client. Therefore, advising companies and physicians about the consequences, circumstances, options and now the ” value added services” of real estate that surround healthcare business decisions is the core of MSO service.

Gary Pepp, Senior Vice President of Bailes & Associates, Inc., recently represented the following doctors in negotiating their medical office leases:

• Dr. Steve Lake, MD, Internal Medicine – Lease Renewal at 911 San Antonio Dr., Suite 6, Long Beach, CA 90807
• Dr. Kay Elledge, MD, OB/GYN – Lease Renewal at 3655 Lomita Blvd., Suite 111, Torrance, CA 90505
• Dr. Stefan Schneider, MD, Infectious Diseases – Lease Renewal at 1043 Elm St., Suite 104, Long Beach, CA 90813
• Dr. Karen Dix, MD, Internal Medicine – Relocation to 911 San Antonio, Suite #1, Long Beach, CA 90807

Len Bailes, President of Bailes & Associates, Inc., represented Lakewood Regional Medical Center on the renewal of its 10,000 SF medical office lease for an additional five years at 3700 E. South Street, Lakewood, CA 90712.

Len Bailes and Tim Connolly represented Cardiology Consultants Medical Group of the Valley on the renewal of its 5,700 SF medical office lease for an additional five years at 18370 Burbank Boulevard located in the Providence Tarzana Medical Center campus.

Gary Pepp and Len Bailes had represented Argus Medical Management, LLC five years ago in the location and negotiation of its 9,600+ SF medical management office in Long Beach. In July 2015, Bailes & Associates was asked again to represent Argus Medical Management in the renegotiation of their existing lease renewed for an additional five years. We are pleased to announce that the lease was signed and countersigned in February 2016.

Gary Pepp, Senior Vice President of Bailes & Associates, is pleased to announce that a new lease was recently signed by Dr. R. Ibarra, MD and the Owners of the medical building at 3816 Woodruff Avenue, Long Beach, CA 90808. Dr. Ibarra, a previous client of Bailes & Associates, immediately reached out to Gary when he decided to relocate his medical practice. Dr. Ibarra is scheduled for a June 1, 2016 opening at his new location.

Mark Coffey and Rob Rowan of Bailes & Associates, Inc. represented United Fertilizer Chemical Co., Ltd. (UFC) on the purchase of 3 Peters Canyon Road, Unit 100, Irvine, CA 92606, which closed March 7, 2016. Totaling approximately 4,000 SF, the property was acquired through a creative lease-to-purchase arrangement. The team identified the property in early December, 2015 and negotiated the deal with a short-term lease that allowed UFC to move in December 27, 2015 just prior to the client’s lease expiration.

United Fertilizer Chemical manufactures industrial and agriculture chemicals in China for distribution in the United States and other areas of the Americas and Europe. The company established their U.S. headquarters in Irvine in 2013.

MNX Global Logistics (MNX), a premium global provider of specialized, expedited transportation and logistics services, has leased approximately 7,200 SF of space at 5001 Airport Blvd., Long Beach, CA 90815. MNX is relocating its corporate headquarters from Irvine into the new facility in Long Beach. Mark Coffey and Rob Rowan of Bailes & Associates, Inc. represented MNX in this 7 year, 9 month lease. The deal included turnkey tenant improvement construction by the landlord (Steelwave) and concessions of free rent and a cash moving allowance.