Western Archives - REBusinessOnline

NewMark Merrill-Led Partnership to Develop 297,363 SF Retail Center in Victorville, California

Amy Works — Fri, 27 Feb 2026 14:13:09 +0000

VICTORVILLE, CALIF. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville. NewMark Merrill is slated to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert Sky Plaza, which is anchored by The Home Depot. The new phase, anchored by Target and Burlington, will offer 297,363 square feet of retail space. Desert Sky Plaza is roughly 70 percent pre-committed but still has availability for tenants ranging from 1,500 square feet to 25,000 square feet. Greg Giacopuzzi and Darren Bovard of NewMark Merrill are overseeing leasing at the center.

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PEG Cos. Opens 168-Room AC Hotel Scottsdale Old Town in Arizona

Amy Works — Fri, 27 Feb 2026 14:10:20 +0000

SCOTTSDALE, ARIZ. — PEG Cos., as developer, co-owner and manager, has opened AC Hotel Scottsdale Old Town, a six-story AC Hotels by Marriott asset at 7117 E. 3rd Ave. in Scottsdale. The hotel features 168 guest rooms, the brand’s signature AC Lounge and AC Kitchen, a 24/7 fitness center, rooftop pool and purpose-designed meeting and event rooms. The property also features a three-level underground parking garage and pet-friendly accommodations for guests traveling with small dogs up to 50 pounds. Additionally, Cielito, a rooftop bar and restaurant developed in collaboration with The Wayfaring Group, features 70 seats.

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JLL Arranges $37M Refinancing for Ambiente Hotel in Sedona, Arizona

Amy Works — Fri, 27 Feb 2026 14:07:42 +0000

SEDONA, ARIZ. — JLL Hotels & Hospitality Group has arranged $37 million in nonrecourse refinancing for Ambiente, an adults-only luxury hotel in Sedona. Adrienne Andrews and Jessica Mehra of JLL secured the refinancing through a debt fund. The transaction provides a significant cash-out component, recapitalizing the asset for continued operations and future growth. Located at 900 W. State Route 89A, Ambiente features 40 glass guest atriums on a 3-acre site. The accommodations feature floor-to-ceiling windows, private rooftop decks with fireplaces and curated interior finishes. Onsite amenities include Forty1 restaurant, Velvet Spa and 600 square feet of event space. The landscape hotel is one of Arizona’s only two Michelin Key hotels.

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Marcus & Millichap Brokers Sale of 33,055 SF Mixed-Use Property in San Diego’s La Jolla Neighborhood

Amy Works — Fri, 27 Feb 2026 14:04:59 +0000

SAN DIEGO — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez of Marcus & Millichap represented the buyers in the deal. Located at 1025 Prospect St., Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story subterranean parking garage. Current tenants include Cody’s Restaurant, Beeside Balcony, The Agency, Arjang Fine Art, Blueprint Equity and Patient Partner. Originally built in 1984, the property was renovated in 2022 and 2024.

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AEW Capital Acquires Three-Building, 392,900 SF South Reno Industrial Portfolio in Nevada

Amy Works — Thu, 26 Feb 2026 14:15:06 +0000

RENO, NEV. — AEW Capital Management has purchased South Reno Industrial Portfolio, a three-building industrial campus in Reno, from WHI and McKenzie Properties for an undisclosed price. The asset is located at 12910, 12920 and 12930 Old Virginia Road. South Reno Industrial Portfolio consists of three concrete tilt-up buildings: Totaling nearly 20 acres, the campus offers 479 auto parking stalls, loading courts and robust power capacity. At the time of sale, the asset was 92 percent leased to a diverse mix of logistics, advanced manufacturing and e-commerce tenants. Will Strong, Michael Matchett, Molly Miller, Jack Stamets, Madeline Warren, Jeff Chiate, Rick Ellison, Matthew Leuopold, Aubrie Monahan, Mike Nevis and Shawn Jaenson of Cushman & Wakefield represented the sellers and procured the buyer in the deal.

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Camden Village Sells 118,187 SF Slatten Ranch Shopping Center in Antioch, California

Amy Works — Thu, 26 Feb 2026 14:13:28 +0000

ANTIOCH, CALIF. — Camden Village LLC has completed the disposition of Slatten Ranch Shopping Center, a community retail center in Antioch. Sterling Organization acquired the asset for an undisclosed price. Located at 5709-5759 and 5779-5789 Lone Tree Way, Slatten Ranch Shopping Center features 118,187 square feet of retail space. The property is shadow-anchored by Target. Eric Kathrein, Gleb Lvovich, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction.

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Primestor Development, DLR Group Break Ground on The Walk Mixed-Use Project in Norwalk, California

Amy Works — Thu, 26 Feb 2026 14:12:15 +0000

NORWALK, CALIF. — Primestor Development and DLR Group have broken ground on The Walk, a community-serving mixed-use village in Norwalk. Located adjacent to Norwalk City Hall, The Walk will feature 89,000 square feet of retail buildings and public open space, including a network of interconnected plazas and pedestrian pathways. DLG Group is providing architectural and planning design services for the project, which is slated for completion in late 2027.

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Doherty Industrial Group Rebrands as DSD Industrial

Amy Works — Thu, 26 Feb 2026 14:11:38 +0000

LAS VEGAS — Las Vegas-based Doherty Industrial Group has rebranded as DSD Industrial. The new name formalizes the team’s longstanding operational structure, led by Daniel Doherty, Paul Sweetland and Jerry Doty. DSD Industrial specializes in industrial leasing, investment sales and land transactions. The firm says its significant market activity provides its team with real-time data on pricing and demand shifts enabling a disciplined, transaction-based approach to client advisory. DSD Industrial is supported by the global platform of Colliers.

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Jensen Infrastructure Buys 100-Acre Site for Build-to-Suit Manufacturing Project in Lancaster, California

Amy Works — Wed, 25 Feb 2026 15:03:20 +0000

LANCASTER, CALIF. — Jensen Infrastructure, a provider of construction and engineering solutions since 1968, has acquired a 100-acre site at the northeast corner of 30th Street and Avenue G in Lancaster from Northpoint for $46 million. Jensen has retained Proficiency Capital to develop a 400,000-square-foot regional manufacturing facility on the site. Jensen will use the facility to serve all of Southern California and portions of Nevada. Construction is slated to commence in first-quarter 2026 with completion scheduled for March 2027. Fullmer Construction is serving as general contractor for the development. Hunter McDonald of JLL represented Jensen Infrastructure in the acquisition.

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Barker Pacific Group Acquires 179,537 SF The Quad Office Campus in Carlsbad, California

Amy Works — Wed, 25 Feb 2026 15:01:16 +0000

CARLSBAD, CALIF. — Barker Pacific Group (BPG) has purchased The Quad, a Class A office campus in Carlsbad from Regent Properties for an undisclosed price. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller in the deal. Matty Sundberg of CBRE provided leasing advisory support. Located at 5740, 5750, 5760 and 5770 Fleet St., The Quad features 179,537 square feet of office and R&D space spread across four two-story buildings with typical floor plates between 21,000 square feet and 24,500 square feet. At the time of sale, The Quad was 73 percent occupied. Current tenants include Jazz Pharmaceuticals, Arlo, Rueb Stoller Daniel and Islands Restaurants. BPG has assumed management of the property, which was built in 1999, and plans to enhance the campus with the addition of pickleball courts and a refreshed building aesthetic. Existing amenities include bike racks, electric vehicle charging stations, a fitness facility with locker rooms and showers, outdoor patio seating, a bocce ball court and table tennis, public Wi-Fi, ocean views, exterior balconies in select suites and onsite property management.

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InSite Property Group Purchases 621-Unit Tukwila Self Storage Facility in Washington

Amy Works — Wed, 25 Feb 2026 14:59:22 +0000

TUKWILA, WASH. — InSite Property Group has acquired Tukwila Self Storage, a 53,200-square-foot self-storage facility in Tukwila. Terms of the transaction were not disclosed. Located at 5950 Southcenter Blvd., Tukwila Self Storage features 621 climate-controlled units. Jacob Becher, Nat Fliflet, Dan Haddock and Harrison Cohen of Colliers represented InSite in the acquisition.

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PSRS Arranges $5.7M Refinancing for Two-Building Multifamily Portfolio in San Diego

Amy Works — Wed, 25 Feb 2026 14:57:50 +0000

SAN DIEGO — PSRS has arranged the $5.7 million refinance of a two-property multifamily portfolio in San Diego. Totaling 24 units, the portfolio consists of an eight-unit building and a 16-unit complex, both of which have undergone interior and exterior renovations as recent as 2020. Trevan Swierczewski and Alexander Santulis of PSRS executed the internal refinance with the existing bank lender, negotiating a prepayment penalty reduction to capture a dip in Treasuries. The resulting nonrecourse loan features a five-year, fixed-rate term and competitive interest-only pricing.

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Talonvest Capital Arranges $42.6M in Financing for Three Western Self-Storage Properties

Amy Works — Tue, 24 Feb 2026 14:31:49 +0000

HAWTHORNE, CALIF., WAIPAHU, HAWAII, AND DENVER — Talonvest Capital has arranged $42.6 million in permanent financing across three self-storage properties on behalf of The William Warren Group. The sponsor is a privately held national real estate investment firm specializing in self-storage development, acquisition and management. The financing includes:

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Thorofare Capital Provides $22M in Financing for Office-to-Residential Conversion in Los Angeles

Amy Works — Tue, 24 Feb 2026 14:28:09 +0000

LOS ANGELES — Thorofare Capital has funded a $22 million floating-rate senior mortgage loan for an office-to-residential conversion project in Los Angeles. The undisclosed borrower plans to convert a six-story, 259,484-square-foot building along Wilshire Boulevard into a 265-unit multifamily property offering 451 onsite parking spaces.

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Brinkman Real Estate Acquires 56-Unit Apartment Community in Ogden, Utah

Amy Works — Tue, 24 Feb 2026 14:26:20 +0000

OGDEN, UTAH — Denver-based Brinkman Real Estate has purchased Knox on 12th Apartments, a multifamily property at 1258 Grant Ave. in Ogden. Terms of the transaction were not disclosed. Built in 2020, Knox on 12th features 56 apartments with high-end interior finishes and efficient layouts.

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Marcus & Millichap Brokers Sale of Historic Sacajawea Hotel in Three Forks, Montana

Amy Works — Tue, 24 Feb 2026 14:25:39 +0000

THREE FORKS, MONT. — Marcus & Millichap has arranged the sale of Sacajawea Hotel, a historic property located at 5 N. Main St. in Three Forks. Terms of the transaction were not released. Built in 1910 and fully refurbished in 2010, Sacajewea Hotel features 36 rooms, event space, two full-service bars, including Sacajawea Bar, and Pompey’s Grill steakhouse. Huberth Marak and Adam Christofferson of Marcus & Millichap represented the seller and procured the buyer in the deal. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap’s Miller-Gomes Hotel team also assisted with the transition.

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Cabot Properties Sells 112,500 SF Manufacturing Facility in Centennial, Colorado

Amy Works — Mon, 23 Feb 2026 15:36:18 +0000

CENTENNIAL, COLO. — Cabot Properties has completed the disposition of a single-tenant manufacturing facility at 6284 S. Nome Court in Centennial. The Koll Co. acquired the asset for $21.5 million. Situated on 7.4 acres, the 112,500-square-foot property features specialized infrastructure designed for precise manufacturing operations. Built in 1996, the concrete tilt-up building offers front-loading dock access with seven docks, a clear height of 22 feet and a 6,000-amp electrical capacity. Additionally, the asset offers a 125-foot truck court with concrete apron, 104 auto parking spaces, wet fire protection systems and a mix of T5 and T12 lighting throughout the warehouse space. Plastic Design & Manufacturing Co., operating as Plastic Molding Technology, has occupied the facility since 1997. The company specializes in custom plastic molding solutions, including thermoforming and precision injection molding. Peter Merrion and Rob Key of JLL Capital Markets represented the seller in the transaction.

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LevRose CRE Negotiates $9.7M Sale of Ventura Gateway Office Building in Scottsdale, Arizona

Amy Works — Mon, 23 Feb 2026 15:34:40 +0000

SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate has directed the sale of Ventura Gateway, a multi-tenant office building in Scottsdale. The property traded for $9.7 million, or $185 per square foot. Situated on 3.3 acres at 8687 E. Via de Ventura, the property offers 52,583 square feet of office space. Jason Reddington and Keri Davies of LevRose represented the undisclosed buyer and undisclosed seller in the deal.

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Legacy Property Management Divests of 50,000 SF Office Space in Tucson for $8.5M

Amy Works — Mon, 23 Feb 2026 15:32:55 +0000

TUCSON, ARIZ. — Legacy Property Management has completed the sale of a 50,000-square-foot office space at 155 N. Rosemont Blvd. in Tucson. The Special Fund of the Industrial Commission of Arizona acquired the space for $8.5 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Christopher Corney of Jones Lang LaSalle Americas represented the buyer in the deal.

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Enduring Real Estate Brokers $5M Sale of Vacant Gas Station, Convenience Store in Escondido, California

Amy Works — Mon, 23 Feb 2026 15:31:58 +0000

ESCONDIDO, CALIF. — Enduring Real Estate has brokered the sale of a vacant gas station located at 2004 E. Valley Parkway in Escondido. As attorney-in-fact, Dan Forde of Hoffman and Forde sold the asset to ASA Danial LLC for $5 million. Kevan McDougal and Joe Wojdowski of Enduring Real Estate represented the seller in the deal. The 23,087-square-foot parcel features a convenience store, auto repair facility, 16 gas dispensers and four 10,000-gallon double-wall tanks. Due to health issues of the previous ownership, the station was not operational for several years. The buyers plan to reopen the gas station after a six-month renovation.

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