Western

Sonnenblick-Eichner Co. Arranges $26M Refinancing for Residence Inn Hotel in Walnut Creek, California

by Amy Works April 8, 2026

WALNUT CREEK, CALIF. — Sonnenblick-Eichner Co. has arranged a $26 million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek. Funded by a Wall Street investment bank, the nonrecourse fixed-rate, five-year loan features interest-only payments for the full term. Located in Walnut Creek, the six-story extended-stay hotel features 160 guest rooms and 870 square feet of meeting space, an indoor pool, fitness center, outdoor patio, barbecue area and subterranean parking for 144 cars. The property is located less than one-half mile from the Walnut Creek BART station, which provides access to downtown San Francisco and the surrounding Bay Area.

April 8, 2026

Acquisitions California Industrial Western

Partnership Acquires 113,500 SF Industrial Building in North Los Angeles

by Amy Works April 8, 2026

LOS ANGELES — A partnership between Slater Harding Partners, Foundation Capital Partners and Sierra Ridge Capital has purchased an industrial building, located at 12224 Montague St. in the Pacoima submarket of North Los Angeles, for an undisclosed price. David Harding, Matt Dierckman, Greg Geraci, Billy Walk and Kevin Carroll of Colliers represented the seller, Michael Lichstein, and the buyer in the deal. The 113,500-square-foot property features a clear height of 24 feet, 125-foot truck court, gated yard and 12 dock-high doors. The new ownership plans to implement a renovation program to enhance the building’s appearance and operational functionality.

April 8, 2026

Acquisitions Nevada Office Western

CBRE Negotiates Sale of 43,944 SF South Rainbow Business Park in Las Vegas

by Amy Works April 8, 2026

LAS VEGAS — CBRE has directed the sale of South Rainbow Business Park, an office property located at 5920 and 5940 S. Rainbow Blvd., in Las Vegas. GPS LV Business Park acquired the asset from South Rainbow Park Property Co. LCC for $11.7 million. The 43,944-square-foot office park is fully leased to a mix of professional and medical tenants. Marc Magliarditi and Miranda Jennings of CBRE represented the seller in transaction.

April 8, 2026

Loans Multifamily New Mexico Western

Gantry Secures $10M Refinancing for Sunchase Apartments in Albuquerque

by Amy Works April 8, 2026

ALBUQUERQUE, N.M. — Gantry has secured a $10 milion permanent loan to refinance Sunchase, a multifamily property located at 3901 Montgomery Blvd. NE in northeast Albuquerque’s Reindeer neighborhood. Situated on 10.2 acres, the community consists of 15 garden-style residential buildings offering a total of 240 one- and two-bedroom apartments. Community amenities include a swimming pool with spa, clubhouse, business center, playground, covered parking and gated access. Blake Hering and Kristin Lapinskas of Gantry represented the borrower, a private real estate investor group, in the financing. The seven-year, fixed-rate loan was secured from one of Gantry’s correspondent life companies and features full-term interest-only payments. Gantry will service the loan for the lender.

April 8, 2026

Acquisitions California Restaurant Retail Western

Visintainer Group Brokers Sale of Vintner’s Square Shopping Center in Lodi, California, in Two Transactions

by Amy Works April 7, 2026

LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.

April 7, 2026

Arizona Development Industrial Western

Stevens-Leinweber Construction Delivers Merit 27 Buckeye Industrial Redevelopment in Phoenix

by Amy Works April 7, 2026

PHOENIX — On behalf of Merit Partners, Phoenix-based Stevens-Leinweber Construction (SLC) has completed the construction of Merit 27 Buckeye, an industrial infill redevelopment in Phoenix’s 27th Avenue Corridor. The development team transformed a former and vacant Murphy Elementary School District campus into a modern, two-building industrial property totaling 256,813 square feet. The property is situated on 18 acres at the southeast corner of 27th Avenue and Buckeye Road. Merit 27 Buckeye features a 191,227-square-foot Building A at 1515 S. 27th Ave. and a 65,586-square-foot Building B at 2675 W. Buckeye Road. The buildings offers 32- to 36-foot clear heights, 59 total dock-high and eight total drive-in doors, ESFR sprinklers and secure auto and truck parking. Energy-efficient features include LED lighting, R-38 and R-11 insulation, exterior canopies for heat mitigation and clerestory windows to increase natural interior light. Daikin fully occupies Building A, and Mazak, Reliable Garage Doors, Hajoca and Impilo Inc. occupy Building B. The project team included SLC as general contractor, and Butler Design Group served as architect. Jackie Orcutt, John Werstler, Cooper Fratt and Jonathan Teeter of CBRE are handling leasing for Merit 27 Buckeye.

April 7, 2026

Acquisitions Multifamily Seniors Housing Washington Western

Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

by Amy Works April 7, 2026

SPOKANE, WASH. — Clarion Partners has acquired The Grand at Spokane, a luxury seniors housing property located in Spokane. Terms of the transaction were not disclosed. The Grand at Spokane offers 137 independent living, assisted living and memory care units. NexCore Group developed the community in 2024. Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion, which is a specialty investment manager of Franklin Templeton.

April 7, 2026

Acquisitions California Net Lease Restaurant Retail Western

Hanley Investment Group Arranges $4.6M Sale of Single-Tenant Retail Property in Metro Los Angeles

by Amy Works April 7, 2026

POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.

April 7, 2026

Industrial-Project-E-Vermont-Ave-Anaheim-CA

Acquisitions California Development Industrial Western

Western Realco Buys Fully Entitled Industrial Development Site in Anaheim, California for $40.7M

by Amy Works April 6, 2026

ANAHEIM, CALIF. — Western Realco has purchased a fully entitled, 12.1-acre industrial site on East Vermont Avenue in Anaheim from Rexford Industrial for $40.7 million. The buyer will immediately begin demolition and construction to develop a 256,046-square-foot Class A industrial building. Completion is slated for late 2027. The new industrial building will feature a clear height of 36 feet, 39 dock-high doors, an ESFR sprinkler system, 4,000 amps of power and a fully enclosed truck court. Zach Niles, Louis Tomaselli and Steve Wagner of JLL represented the seller and buyer in the deal. Additionally, JLL was retained to market the new development for lease.

April 6, 2026

Acquisitions Hawaii Restaurant Retail Western

BH Properties Purchases 75,000 SF Shops at Mauna Lani on the Big Island of Hawaii

by Amy Works April 6, 2026

WAIMAE, HAWAII — BH Properties has acquired The Shops at Mauna Lani, an open-air retail center at the entrance of Waikoloa Resort in Waimae. Terms of the transaction were not released. Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations and Woodland Farms are tenants at the 75,000-square-foot property.

April 6, 2026

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