Western

Gantry Secures $40M Loan for Xebec-Owned Industrial Properties Near Los Angeles

by Amy Works April 22, 2026

VERNON AND PACOIMA, CALIF. — Gantry has secured a $40 million permanent loan to retire maturing debt on two cross-collateralized industrial buildings in Vernon and Pacoima, two active Los Angeles submarkets. Both buildings are fully occupied with different single-tenant occupiers. PODS occupies the first building, a 203,000-square-foot property located at 5370 Boyle Ave. in Vernon. The second asset, located at 10445 Glenoaks Blvd. in Pacoima, is a 95,000-square-foot building used as a sound stage facility as part of the Quixote studios campus. George Mitsanas, Bahman Mirhashemi and Keegan Bridges of Gantry represented the borrower, a privately held real estate joint venture managed by Xebec, a private real estate investor. The five-year, fixed-rate loan was secured from an insurance company lender and features full-term, interest-only payments.

April 22, 2026

Acquisitions Industrial Nevada Western

Premier Logistics Properties, PCCP Buy 813,120 SF Industrial Facility in North Las Vegas

by Amy Works April 22, 2026

NORTH LAS VEGAS, NEV. — Premier Logistics Properties, in partnership with PCCP, has acquired an infill, big box warehouse at 4550 Nexus Way in North Las Vegas. Terms of the off-market transaction were not disclosed. Developed in 2017 on 38.2 acres, the 813,120-square-foot building features a clear height of 36 feet, full concrete truck courts and ample employee parking and trailer storage. Amazon fully occupies the property.

April 22, 2026

Acquisitions Arizona Development Industrial Western

Creation to Develop 700,000 SF Industrial Campus in Avondale, Arizona

by Amy Works April 22, 2026

AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer. LGE Design Build will serve as both architect and general contractor for the project. Riley Gilbert, John Lydon and Kelly Royle of JLL will handle leasing for the asset. Located at the northwest corner of 117th Avenue and Corporate Drive, Avondale Tech Center will consist of three buildings ranging from 212,184 square feet to 254,264 square feet. Each building is designed to accommodate the operational needs of modern industrial users, including advanced manufacturing, research and development and assembly operations. The buildings will feature 36-foot clear heights, seven-inch unreinforced slab floors, 60 mil white TPO roofing with R30 insulation and 3,000-amp, 480-volt three-phase power expandable to 6,000 amps. The properties will incorporate critical FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system. The campus will also include four electric vehicle chargers with eight charging stalls per building and a fully gated secure site. Avondale Tech Center will offer tenant-focused outdoor amenities, including dedicated …

April 22, 2026

Acquisitions California Mixed-Use Multifamily Office Retail Western

Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California

by Amy Works April 22, 2026

POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.

April 22, 2026

Loans Multifamily Washington Western

Cushman & Wakefield Arranges $53M Refinancing for Multifamily Community in Seattle

by Amy Works April 21, 2026

SEATTLE — Cushman & Wakefield has arranged $53 million in refinancing for 110 Roy Street, an apartment property in Seattle. Dave Karson, Chris Moyer, Alex Lapidus and Zarif Hasan of Cushman & Wakefield represented the borrower, Low Tide Properties, in securing the five-year financing, provided by Northwestern Mutual. Situated in Seattle’s Queen Anne neighborhood, 110 Roy Street features 167 studio, one- and two-bedroom apartments. Community amenities include a rooftop terrace, 24-hour fitness studio, pet spa and a resident lounge. Additionally, the property features 6,700 square feet of ground-floor retail space along Roy Street. The asset was developed by Continental Properties in partnership with Low Tide Properties.

April 21, 2026

Acquisitions Nevada Retail Western

Lucescu Realty Negotiates $38.6M Sale of Peccole Plaza Shopping Center in Las Vegas

by Amy Works April 21, 2026

LAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza features 161,978 square feet of gross leasable area that is fully leased to a variety of tenants. Current tenants include Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty were the sole brokers for the transaction. The Lucescu Realty team represented the seller and procured the buyer in the the deal.

April 21, 2026

Acquisitions California Retail Western

Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, California

by Amy Works April 21, 2026

WALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut. Portola Real Estate Partners acquired the asset from a Los Angeles-based private investor for $13.5 million. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal. Built in 1983, The Shops at Walnut Plaza features 19 e-commerce-resistant tenants, including restaurants, medical, beauty and daily-needs operators. O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry and Sky Nails are tenants at the 37,173-square-foot property.

April 21, 2026

Acquisitions California Industrial Western

Dunleer Acquires Multi-Tenant Industrial Building in Van Nuys, California for $10.5M

by Amy Works April 21, 2026

LOS ANGELES — Los Angeles-based Dunleer has purchased a multi-tenant industrial building located at 7502-7536 Tyrone Ave. in the Van Nuys neighborhood of Los Angeles for $10.5 million, or $307 per square foot, in an off-market transaction. The name of the seller was not released. Built in 2009, the 34,366-square-foot property features eight units with a clear height of 20 feet, fire sprinklers, 12-foot-by-12-foot loading doors, reserved and gated parking, air conditioning and high-finish space and bathrooms. At the time of acquisition, the property was fully occupied.

April 21, 2026

California Development Healthcare Western

Pacific Building Group Completes 75,000 SF Sharp Rees-Stealy Medical Office Building in Chula Vista

by Amy Works April 20, 2026

CHULA VISTA, CALIF. — Pacific Building Group has completed construction of Sharp Rees-Stealy Chula Vista, a medical office building in Chula Vista. The project was developed by PMB, in partnership with Sharp Rees-Stealy Medical Group. HGW Architecture designed the property. Located at 480 H St., the three-story, 75,000-square-foot facility houses a variety of outpatient services, including primary and specialty care, urgent care, physical therapy, radiology, cardiology, neurology and laboratory and pharmacy departments. The property is connected via a covered bridge to a 127,000-square-foot, 375-stall parking structure.

April 20, 2026

Acquisitions Retail Washington Western

Newmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in Washington

by Amy Works April 20, 2026

RENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita and Chase Bank. The property is shadow anchored by Safeway. Billy Sleeth, Kevin Lemond and Mattie Tonseth of Newmark handled the transaction.

April 20, 2026

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