Western Archives - REBusinessOnline

BH Properties Acquires 75,000 SF The Shops at Mauna Lani Retail Center in Hawaii

Amy Works — Thu, 19 Mar 2026 13:46:56 +0000

KAMUELA, HAWAII — BH Properties has purchased The Shops of Mauna Lani, an open-air retail center along the Kohala Coast on the Island of Hawaii. Terms of the transaction were not released. Situated on 6 acres at 68-1330 Mauna Lani Drive in Kamuela, the property offers 75,000 square feet of retail space. The center is anchored by Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations surf shop, Foodland Farms grocery store and a variety of local retailers, art galleries and wellness operators.

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Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

Amy Works — Thu, 19 Mar 2026 13:45:41 +0000

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily…

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CBRE Arranges Sale of 69,032 SF Office Property in Anaheim, California

Amy Works — Thu, 19 Mar 2026 13:43:59 +0000

ANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction. Situated in Anaheim’s Platinum Triangle, the four-story property offers 69,032 square feet of office space.

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DAUM Commercial Brokers Sale of 12,892 SF Warehouse in Canoga Park, California

Amy Works — Thu, 19 Mar 2026 13:42:44 +0000

CANOGA PARK, CALIF. — DAUM Commercial Real Estate Services has directed the sale of a warehouse building located at 805 Deering Ave. in Canoga Park. Chatsworth, Calif.-based Oak Cabessa of MAKS Enterprises acquired the property from 8015 Deering LLC for $3.8 million. Built in 1973, the 12,892-square-foot building features a clear height of 17 feet, grade-level loading, a gated rear concrete yard, fencing and a 1.6:1 parking ratio. Additionally, the property features 6,100 square feet of high-end designer office space with a reception area, hardwood laminate flooring, recessed LED lighting and a full-glass conference room. The buyer plans to use the property as a headquarters for warehousing electronic automobile modules. Dennis Marciniak of DAUM Commercial represented the seller, while Kevin Cooper of Delphi Business Properties represented the buyer in the deal.

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Gantry Secures $12M Refinancing for Two-Building Industrial Asset in Hillsboro, Oregon

Amy Works — Wed, 18 Mar 2026 15:49:59 +0000

HILLSBORO, ORE. — Gantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 N.E. Wagon Drive Blvd. in Hillsboro. The 10-acre site features two buildings offering a total of 192,000 rentable square feet, including a single-tenant asset with 152,000 rentable square feet and an adjacent 40,000-square-foot multi-tenant flex building. Blake Hering, Kristin Lapinskas and Abi Hunter of Gantry’s Portland, Ore., office represented the borrower, a private real estate investor. The 10-year, fixed-rate nonrecourse loan set at a 25-year amortization was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender.

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Forza Properties Acquires Two Small-Bay Industrial Buildings Near Sacramento for $9M

Amy Works — Wed, 18 Mar 2026 15:48:42 +0000

SACRAMENTO AND CARMICHAEL, CALIF. — Forza Properties has purchased two industrial properties for a combined $9 million. Matt Post, Anthony DeLorenzo and Sammy Cemo of CBRE represented the two sellers, 5753 Auburn Blvd LLC and MCA IGF Carmichael LLC, in the transactions. Matt Susac, Tyler Howell, Todd Sanfilippo and Walter Smyth of CBRE handled leasing for the properties. The multi-tenant property, located at 5753 Auburn Blvd. in Sacramento, sold for $4.8 million. The asset features 22 units spread across four buildings, with suites averaging 1,400 square feet. Each suite has one roll-up door, a 16-foot clear height and convenient access to Interstate 80. At the time of sale, the property was 97 percent leased. The fully leased property in Carmichael sold for $4.2 million. The asset includes 17 units averaging 1,529 square feet, 19 roll-up doors and 12-foot ceilings. The property recently underwent capital improvements, including roof work, exterior paint, asphalt upgrades and interior renovations. The property has immediate access to Interstate 80.

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Woodside Health Buys 29,827 SF Healthcare Facility in Gilbert, Arizona

Amy Works — Wed, 18 Mar 2026 15:47:27 +0000

GILBERT, ARIZ. — Woodside Health has purchased Greenfield MOB & ASC, a medical outpatient building (MOB) and ambulatory surgery center (ASC) at 2450 E. Guadalupe Road in Gilbert. Terms of the transaction were not disclosed. Constructed in 2005, Greenfield MOB & ASC is a 29,827-square-foot, single-story, multi-tenant facility. Mountain View Surgery Center Gilbert, a partnership between the physician owners and United Surgical Partners International, anchors the property with a newly executed extension featuring three operating rooms. The remaining tenancy is leased to eight tenants offering diverse services, including podiatry, periodontics, mental and behavioral health, ophthalmology, dentistry, pediatric therapy, pharmaceuticals, vascular and medical spa services. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Phil Wurth of CBRE’s Phoenix Healthcare Leasing team to represent the undisclosed seller in the deal.

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Lee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, California

Amy Works — Wed, 18 Mar 2026 15:45:46 +0000

NORWALK, CALIF. — Lee & Associates has arranged the sale of a multi-tenant industrial building located at 13820 Shoemaker Ave. in Norwalk. Parsons sold the property to Rosecrans Associates, an investment buyer, for $2.3 million. Situated on 0.37 acres, the 7,770-square-foot property features 800 square feet of office space, three ground-level doors, a 14-foot warehouse clearance and 300 amps of power. Additionally, the asset offers a secured yard area and a 2:1 parking ratio. The property was originally constructed in 1974. Pat Delaney of Lee & Associates – Orange handled the transaction.

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Northmarq Arranges $145M Refinancing for Two-Building Office Campus in Cupertino, California

Amy Works — Tue, 17 Mar 2026 13:31:35 +0000

CUPERTINO, CALIF. — Northmarq has arranged $145 million in refinancing for The Towers at Cupertino City Center, a two-building office campus in Cupertino. Prometheus Real Estate Group owns and operates the Class A property. Nathan Prouty, Andrew Slaton and John Holt of Northmarq secured the financing for the borrower through Wells Fargo. Located at 20400 and 20450 Stevens Creek Blvd., the campus offers 357,502 square feet of office space on a 3.2-acre site at the intersection of Stevens Creek and De Anza boulevards. Originally constructed by Prometheus in 1989, the property underwent significant renovations in 2022.

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Hamilton Zanze Sells Tresa at Arrowhead Apartments in Glendale, Arizona for $82.1M

Amy Works — Tue, 17 Mar 2026 13:30:13 +0000

GLENDALE, ARIZ. — San Francisco-based Hamilton Zanze has completed the disposition of Tresa at Arrowhead, a multifamily community in Glendale. TerraCap Management acquired the asset for $82.1 million. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal. CBRE Debt & Structured arranged financing for the buyer. Completed in 1998, the low-density garden site plan features two-story buildings offering a total of 360 apartments. The gated community has 107 detached garages, three pool and spa areas, a large resident clubhouse and game room, a fitness center with cardio and weight training equipment, a dog park, barbecue and picnic areas and a dry sauna.

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Lincoln, Bridge Investment Group Open 175-Unit RiverRow Multifamily Community in Santa Cruz

Amy Works — Tue, 17 Mar 2026 13:29:07 +0000

SANTA CRUZ, CALIF. — Lincoln Property Co. and Bridge Investment Group have completed RiverRow, an apartment property overlooking the San Lorenzo River in downtown Santa Cruz. Located at 414 Front St., RiverRow features 175 studio, one-, and two-bedroom apartments, including townhomes. Twenty units are designated as affordable. Community amenities include a fitness center, bike and surf storage/repair facilities, a resident lounge with coworking spaces, a pet-wash station and two roof decks with river and ocean views. Additionally, the property features outdoor seating overlooking the river and a designated food truck space, as well as below-grade and ground-floor parking. Totaling nearly 250,000 square feet, the three-building development also includes nine retail spaces. Project partners include BDE Architecture, Western National Builders, DCI Engineers, Emerald City Engineers and Poppy Bank. The property is managed by The REMM Group, a Southern California-based third-party management firm recently acquired by Lincoln.

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Prospect Station Divests of 39,000 SF Industrial Property in Windsor, Colorado

Amy Works — Tue, 17 Mar 2026 13:27:41 +0000

WINDSOR, COLO. — Prospect Station LLC, as part of a 1031 exchange, has completed the sale of a Class A industrial property located at 7365 Greendale Road in Windsor. NMH Greendale LLC acquired the building for $11.2 million in an off-market transaction. Travis Ackerman of Cushman & Wakefield represented the seller, while Standard Commercial’s Ian Ciagstone represented the buyer in the deal. The 39,000-square-foot building features two overhead grade doors, a dock-high door, 20- to 24-foot clear heights, 3-phase 1,200-amp power and a 9,000-square-foot mezzanine. Additionally, the property offers ample parking, efficient circulation, sprinklers throughout and light industrial zoning.

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Cushman & Wakefield Brokers $11.5M Sale of Roy Vue Apartments in Seattle

Amy Works — Mon, 16 Mar 2026 13:53:25 +0000

SEATTLE — Cushman & Wakefield has facilitated the disposition of Roy Vue Apartments, a historic 34-unit multifamily property in Seattle’s Capitol Hill neighborhood. The asset traded for $11.5 million. Dylan Roeter, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard and Byron Rosen of Cushman & Wakefield represented the undisclosed seller in the transaction. Totaling 34,059 net rentable square feet, Roy Vue Apartments features 30 one-bedroom/one-bath units and four two-bedroom/one-bath units, with an average unit size of more than 1,000 square feet and nine-foot ceilings. Community amenities include private landscaped courtyards, 19 individual garages and updated building systems. The property is located at 615 Bellevue Ave. E.

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CBRE Arranges $11.2M Sale of Arizona Veterinary Specialty Center in Gilbert

Amy Works — Mon, 16 Mar 2026 13:52:06 +0000

GILBERT, ARIZ. — CBRE has arranged the acquisition of Arizona Veterinary Specialty Center, a veterinary speciality and emergency care facility in Gilbert. Futurepath Development Services acquired the asset for $11.2 million. Located at 86 W. Juniper Ave., the property offers 28,805 square feet of space. The asset is 68 percent occupied by Arizona Veterinary Emergency & Critical Care Center, a National Veterinary Associates and Ethos Veterinary Health company, and Thrive Pet Healthcare. Nick Whitstone and Miles DeLong of CBRE represented the buyer in the deal.

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Marcus & Millichap Negotiates $11.1M Sale of Copper Creek Apartments in Tucson

Amy Works — Mon, 16 Mar 2026 13:51:11 +0000

TUCSON, ARIZ. — Marcus & Millichap has negotiated the sale of Copper Creek, a 99-unit multifamily property in Tucson. A limited liability company sold the asset to a limited liability company for $11.1 million, or $111,869 per unit. Clint Wadlund and Hamid Panahi of Marcus & Millichap represented the seller and procured the buyer in the deal. Built in 1973, Copper Creek offers 99 one-, two- and three-bedroom apartments in traditional and townhome-style options. Units feature fully equipped kitchens with frost-free refrigerators, stoves and dishwashers; ample closet space; windows with sunscreens; wood-style vinyl plank flooring in living areas; ceramic tile in wet areas; and carpet in bedrooms. Select units include a yard, washers/dryers and/or washer/dryer connections. Community amenities include a swimming pool, fully equipped fitness center, basketball courts, clubhouse with a Wi-Fi business center, playground, barbecue areas and laundry facilities.

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Southwest Autism Research Buys 10,628 SF Office Building in Tucson

Amy Works — Mon, 16 Mar 2026 13:49:01 +0000

TUCSON, ARIZ. — Southwest Autism Research & Resource Center has purchased a freestanding office building, located at 3100 N. Campbell Ave. in Tucson, from Siempre Juntos for $2.1 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller in the deal.

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LDK Ventures Acquires 300,564 SF Industrial Building in Reno

Amy Works — Fri, 13 Mar 2026 14:05:17 +0000

RENO, NEV. — LDK Ventures has completed the purchase of Reno Distribution Center, an industrial property located at 4910 Longley Lane near the Reno-Tahoe International Airport in Reno. Eric Bennet and Tomi Jo Lynch of CBRE brokered the acquisition. Totaling 300,564 square feet, the asset features four suites, warehouse and storage facilities, dedicated office space and dock-high and ground-level loading doors. The property offers direct access to SR-395 and I-580.

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Glencrest Group, Sky Alps Capital Buy 155-Unit Cedar Square Apartment Community in Beaverton, Oregon

Amy Works — Fri, 13 Mar 2026 14:04:33 +0000

BEAVERTON, ORE. — A joint venture between Glencrest Group and Sky Alps Capital has acquired Cedar Square, a garden-style multifamily community at 10480 SW Eastridge St. in Beaverton, from a local owner for $29.8 million. Ira Virden, Carrie Kahn and Owen Wise of JLL Capital Markets represented the seller, while Charles Halladay and Jonah Aelyon of JLL arranged acquisition financing for the buyer. Built in 1980 with additions in 2016 and 2024, Cedar Square offers 155 one-, two- and three-bedroom apartments with patios or balconies. Onsite amenities include a fitness center, playground, laundry facilities, ample parking and abundant green space. The seller completed capital improvements, including repaving and replacing siding, windows, decks and roofs on the majority of the buildings.

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Gantry Secures $13.5M Loan for Refinancing of Historic Office Building in Palo Alto, California

Amy Works — Fri, 13 Mar 2026 14:02:19 +0000

PALO ALTO, CALIF. — Gantry has secured a $13.5 million permanent loan to refinance a timely maturity on a historic office building in Palo Alto. Located at 384 University Ave., the three-story property features 14,500 square feet of rentable space, including street-level retail space with two office floors above. The property is currently fully leased with a staggered lease roll. Jeff Wilcox and Joe Foley of Gantry represented the borrowers, Big Property Ventures and Baskin Investment Group, in the financing. An institutional pension fund lender provided the five-year, fixed-rate loan, which features first-year interest-only payments followed by a 25-year amortization.

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Boulder Group Arranges $5.9M Sale of Caliber Collision-Occupied Retail Property in Denver

Amy Works — Fri, 13 Mar 2026 14:00:16 +0000

DENVER — The Boulder Group has brokered the acquisition of a single-tenant property located at 18300 E. 66th Ave. in Denver. A Colorado-based 1031 exchange investor acquired the asset from a Northeast-based partnership for $5.9 million. Caliber Collision occupies the 16,785-square-foot property, which was built in 2021, on a long-term, triple-net lease. Caliber Collision is the largest repair company in the United States with more than 1,800 locations across 41 states. Zach Wright and Brandon Wright of The Boulder Group represented the buyer in the deal.

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