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Real estate briefly: Citivest buys in Oregon; Ware Malcomb completes Fiat-Chrysler business center


Citivest Commercial LLC, a Newport Beach-based commercial real estate firm that specializes in retail investments ... The new offices will serve as the company’s California business center responsible for all sales, service, parts, service contracts ...


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Citivest Commercial LLC, a Newport Beach-based commercial real estate firm that specializes in retail investments, has acquired Jackson Creek Center for roughly $5.4 million in Medford, OreThe grocery-anchored, 87,847-square-foot shopping center is the firm’s first acquisition in OregonThe property is situated along the 5 freeway in the southwest region of the cityThe seller, JS Western, was the original developer of the centerCitivest plans to renew and reposition the property, which has not been renovated since 2000, in order to increase the center’s value and maximize rent appreciationDesign firm Ware Malcomb in Irvine has completed work on the new FCA US offices on the 10th floor of 5000 Birch in Newport BeachWare Malcomb provided interior architecture and design services, along with branding for the projectFCA US (Fiat Chrysler Automobiles), which is relocating from offices in Irvine, designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designationThe company also distributes the Alfa Romeo 4C model and Mopar productsThe new offices will serve as the company’s California business center responsible for all sales, service, parts, service contracts, and dealer initiatives for the entire organizationThe general contractor for the project was Servco Builders Park West in Rancho Santa Margarita has been selected by the Crystal Cove Community Association to provide landscape management services for the Newport Beach residential developmentFounded in 1978, Park West offers a wide range of commercial landscape construction, management and tree care servicesPEOPLE ON THE MOVE Brian Griewe has been promoted to vice president of development at SmartStop Asset Management, a real estate company in Ladera RanchGriewe will be responsible for expanding the company’s acquisitions and commitment to creating environmentally friendly, energy-efficient buildingsGriewe has more than 18 years of experience in facilities management, project management, construction management and personnel training, development and supervisionSmartStop manages a portfolio that includes approximately 47,200 self storage units and approximately 5.2 million rentable square feetPeter Bethea has joined Costa Mesa-based Westar Associates as a leasing managerHe will handle the daily leasing activities for the company’s 2 million-square-foot retail portfolio in Southern CaliforniaWestar’s projects include Sendero Marketplace, a 98,000-square-foot center under construction in the master-planned community of Rancho Mission Viejo in South Orange CountyBefore joining Westar, Bethea worked in brokerage for five years at Cushman & Wakefield in their Irvine officeWestar Associates is engaged in the acquisition, development and management of real estate including neighborhood, community, and freeway shopping centers, apartments, self-storage facilities, and hotelsWestar has developed and acquired 55 properties totaling more than 5.6 million square feet, valued in excess of $1.2 billionNathan Kierstens has been appointed vice president and manager of engineering services at Pfeiler & Associates Engineers, a civil engineering and land surveying services firm in Yorba LindaKierstens is a licensed civil engineer with a background in planning and design for public and private developments in Southern CaliforniaHe brings with him over 17 years of experience in civil engineering, land development design and master planning for residential, commercial and municipal projectsSend real estate transactions, executive promotions, honors and related high-resolution photos to Samantha Gowen at sgowen@ocregister.comPlease allow at least one week to publish (dfm || freedom).ad('Cube_Article'); 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