REBusinessOnline

Contour Receives $31.6M in Acquisition Financing for Estancia Senior Living in Southern California

FALLBROOK, CALIF. — Contour has obtained $31.6 million in acquisition and mezzanine financing for Estancia Senior Living, a newly developed assisted living and memory care community located at 1735 S. Mission Road in Fallbrook.Alanna Ellis and Jeff Sause of JLL Capital Markets secured a $24 million, three-year, floating-rate bank loan and a $7.6 million, four-year, fixed-rate mezzanine loan for the borrower.Developed in summer 2021, the two-story Estancia Senior Living features 103 …

Bellwether Housing Acquires Two Multifamily Communities for Affordable Housing Conversion in Washington

KENT AND DES MOINES, WASH. — Bellwether Housing has received $24.8 million financing for the acquisition and rehabilitation of The BLVD and Marina Club Apartments, two garden-style multifamily communities in Kent and Des Moines. Both municipalities are just south of the Seattle-Tacoma International Airport.Bellwether plans to convert the 213 units into affordable housing for households earning 60 to 80 percent of the area median income.JLL Capital Markets and JLL Public Institutions …

Matthews Brokers $10.1M Sale of Rite Aid-Occupied Retail Property in Sacramento

SACRAMENTO, CALIF. — Matthews Real Estate Investment Services has arranged the sale of a retail building located at 4241 Marconi Ave. in Sacramento. A private individual sold the asset to an undisclosed buyer for $10.1 million.Rite Aid occupies the property. Courtney Haubach, Bill Pedersen and Chad Kurz of Matthews represented the seller and sourced the buyer for the

Arden Group Acquires 145,646 SF Solutionreach Office Building in Metro Salt Lake City

LEHI, UTAH — Arden Group, in partnership with Vesta Realty Partners, has purchased Solutionreach, a five-story, Class AAA office property in Lehi.Located at 2600 Ashton Blvd., the 145,646-square-foot building serves as the headquarters for Solutionreach, a private equity-backed healthcare technology consulting company. The property was developed in 2016 as a build-to-suit corporate campus for the current tenant.Cushman & Wakefield represented the sellers, Gardner Co. and Boyer …

H.I.G. Realty Partners Buys 3.4 MSF Southern California Logistics Center in Victorville

VICTORVILLE, CALIF. — H.I.G. Realty Partners has purchased Southern California Logistics Center (SCLC), a seven-property industrial portfolio in Victorville. Terms of the off-market transaction were not released.Situated on the former George Air Force Base, SCLC features 3.4 million square feet of industrial space. The fully leased property provides mission-critical logistics support to tenants in the consumer products, manufacturing, food and beverage, and aviation

Coldwell Banker Brokers $35M Acquisition of Silver Creek Apartments in Las Vegas

LAS VEGAS — Coldwell Banker Commercial has arranged the purchase of Silver Creek Apartments, a multifamily property located at 6170 Boulder Highway in Las Vegas. A Southern California-based investment firm acquired the asset from an undisclosed seller in an off-market transaction for $35 million.Built in 2002, Silver Creek Apartments features 224 units in a mix of one-, two- and three-bedroom layouts.Garry Cuff and Tom Naseef of Coldwell Banker Commercial Premier represented the buyer …

Thompson Thrift Retail Group Sells Sunrise Promenade Shopping Center Near Phoenix for $18.2M

PEORIA, ARIZ. — Thompson Thrift Retail Group has completed the disposition of Sunrise Promenade, a shopping center in Peoria. An undisclosed buyer acquired the asset for $18.2 million.Situated at the corner of Lake Pleasant Parkway and Happy Valley Road, Sunrise Promenade features 26,852 square feet of retail space. Current tenants include Aldi, Black Rock Coffee Bar, Club Pilates, Sherwin-Williams, Dip Nail Spa, Harumi Sushi, Wow Wow Hawaiian Lemonade, Stretch Labs, Butta Cakes and …

Southern Oak Capital, Green Rock Purchase Main Street Station Retail Condos in Breckenridge, Colorado for $16.7M

BRECKENRIDGE, COLO. — Birmingham, Ala.-based Southern Oak Capital and Green Rock LLC have acquired the Main Street Station retail condominiums in Breckenridge. The asset traded for $16.7 million.Built in 2002, the three-building property features more than 34,000 square feet of retail space and 22 tenants, including lululemon, local boutiques and

Arbah Capital, Hampshire Stateside Purchase 226,548 SF Office Building in Orlando

ORLANDO, FLA. — Arbah Capital, in partnership with Hampshire Stateside, has purchased a 226,548-square-foot office building in Orlando. Mike Davis, Rick Brugge, Zach Eicholtz and Rick Colon of Cushman & Wakefield arranged the sale on behalf of the buyer. CBRE represented the seller, Real Capital Solutions, in the transaction. The sales price was not disclosed.Jason Hochman and Ron Granite of Cushman & Wakefield secured $35.1 million in acquisition financing through a regional …

Joint Venture Acquires Fresh Market Village in South Florida for $25.5M

JUPITER, FLA. — A joint venture between JB Capital Management and Royce Properties has acquired Fresh Market Village, a shopping center in Jupiter, for $25.5 million. Justin Smith of Atlantic Retail represented the seller, an entity doing business as Adar Jupiter LLC, in the transaction.The Fresh Market Village is a 55,046-square-foot center that was 97 percent leased at the time of sale to tenants including The Fresh Market, 2 Vinez Restaurant & Wine Bar, Starbucks Coffee, Casa Mia …

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