Western Archives - REBusinessOnline

Transwestern Investments Sells 392,983 SF Warehouse in San Bernardino

Amy Works — Wed, 20 May 2026 13:29:32 +0000

SAN BERNARDINO, CALIF. — Transwestern Investments has completed the disposition of San Bernardino I, a Class A industrial warehouse located in San Bernardino within the Inland Empire East submarket. Terms of the transaction were not disclosed. Completed in 2019, the asset offers 392,983 square feet of industrial space. The warehouse offers direct access to major interstate highways and proximity to Ontario International Airport and the ports of Los Angeles and Long Beach, Calif. The property was developed through a joint venture between Transwestern Development, Transwestern Investments and the separately managed account client.

The post Transwestern Investments Sells 392,983 SF Warehouse in San Bernardino appeared first on REBusinessOnline.

Belkorp Buys Manufacturing Facility in Phoenix’s Sky Harbor Submarket for $44.1M

Amy Works — Wed, 20 May 2026 13:28:22 +0000

PHOENIX — Belkorp has acquired an advanced manufacturing facility, located at 3809 E. Watkins St. in Phoenix, from an undisclosed seller for $44.1 million. Situated within the Sky Harbor Airport submarket, the 174,801-square-foot asset features 8,000 amps of power. AZ Pharmacy (PillPatch), a subsidiary of Amazon, with the lease backed by a corporate guarantee from Amazon.com, fully occupies the property. Will Strong, Phil Haenel, Foster Bundy, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the buyer and the seller in the transaction.

The post Belkorp Buys Manufacturing Facility in Phoenix’s Sky Harbor Submarket for $44.1M appeared first on REBusinessOnline.

NorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, Colorado

Amy Works — Wed, 20 May 2026 13:27:07 +0000

CASTLE ROCK, COLO. — NorthPeak Commercial Advisors has negotiated the sale of an industrial property located at 1810 Park St. in Castle Rock. The 5,040-square-foot asset traded for $1.3 million, or $251 per square foot. Andrew Berk and Kevin Calame of NorthPeak Commercial Advisors represented the buyer and seller in the deal.

The post NorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, Colorado appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 2,847 SF Restaurant Property in Phoenix

Amy Works — Wed, 20 May 2026 13:26:25 +0000

PHOENIX — Marcus & Millichap has brokered the sale of a single-tenant restaurant property located at 2817 N. 7th St. in Phoenix. Built in 1969, the 2,847-square-foot drive-thru building is occupied by Original Chop Shop, a Scottsdale-based fast-casual eatery with 27 locations across Arizona, Texas and Georgia. The restaurant will remain in operation following the sale. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a California-based investor.

The post Marcus & Millichap Brokers Sale of 2,847 SF Restaurant Property in Phoenix appeared first on REBusinessOnline.

JLL, HJ Sims Secure $252.1M in Financing for Planned 214-Unit Seniors Housing Project in Huntington Beach, California

Amy Works — Tue, 19 May 2026 14:18:30 +0000

HUNTINGTON BEACH, CALIF. — JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a seniors housing community in Huntington Beach. HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate bonds. Issued through the California Public Finance Authority, the fixed- and floating-rate financing was structured into Series A senior bonds and subordinate Series B and C bonds. The bonds were divided into three tranches: a Series A $165.7 million tranche, a Series B $74.3 million tranche and a Series C $12.1 million tranche. Located at 2120 Main St., The Marisol is currently under construction and will deliver 214 seniors housing units and a full amenity package in 2028. JLL’s Senior Housing Capital Markets team served as real estate advisor on the project.

The post JLL, HJ Sims Secure $252.1M in Financing for Planned 214-Unit Seniors Housing Project in Huntington Beach, California appeared first on REBusinessOnline.

Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in California

Amy Works — Tue, 19 May 2026 14:14:38 +0000

YORBA LINDA, CALIF. — A joint venture between Harbor Associates and Farallon Capital Management has purchased Yorba Linda Commerce Center, a small-bay industrial campus in Yorba Linda, in an off-market transaction valued at $81 million. The seller was a private family that had owned the property for more than 30 years. Located at 3910 Prospect Ave., Yorba Linda Commerce Center features 280,000 square feet of industrial space spread across 10 single- and multi-tenant buildings featuring 83 units ranging in size from 1,200 square feet to 24,000 square feet. Each unit includes office space, clear heights up to 22 feet, ground-level doors, ample electrical capacity, LED lighting and updated HVAC systems. Built in 1987, the asset was 98 percent leased at closing. Gary Martinez of Ashwill Associates represented the seller in the transaction. Shaun Moothart, Bob Ybarra and Andrew Post of CBRE represented Harbor in securing a $56 million fully funded loan that was provided by an affiliate of QuadReal Property Group with Brandon Bachner leading the financing on behalf of QuadReal.

The post Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in California appeared first on REBusinessOnline.

Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles

Amy Works — Tue, 19 May 2026 14:12:06 +0000

LOS ANGELES — Seachange Partners has received $15.6 million in nonrecourse construction financing for two affordable multifamily developments in Los Angeles. Keith Rosso and Jeremy Kanter of Berkadia arranged the financing through Genesis Capital, a private Los Angeles-based residential construction lender. Located at 1723 Corinth Ave. and 3751 Delmas Terrace, the two five-story properties will deliver a combined 79 units of deed-restricted affordable housing. Construction is underway, with completion slated for 2027. Seachange Partners was founded in 2024 by Kyle Jenkins and Cameron Whiting. To date, the firm has initiated four affordable housing development projects in the greater Los Angeles area. The Corinth Avenue and Delmas Terrace developments are Seachange’s inaugural projects.

The post Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles appeared first on REBusinessOnline.

CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West Sacramento

Amy Works — Tue, 19 May 2026 14:06:53 +0000

WEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Located at 805-831 Harbor Blvd., Harbor Central features 22,198 square feet of retail space that was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s, Subway and Raku Sushi.

The post CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West Sacramento appeared first on REBusinessOnline.

Lendlease, Aware Super Open Habitat Mixed-Use Campus in Los Angeles

Amy Works — Mon, 18 May 2026 13:47:24 +0000

LOS ANGELES — Lendlease, in joint venture with Aware Super, has opened Habitat, a two-building live-work-thrive campus in Los Angeles. Located at 3411 S. La Cienega Blvd., the campus includes Habitat Residences, a 12-story residential building, and a six-story, 260,000-square-foot creative office building. Designed by SHoP Architects, with Steinberg Hart acting as architect of record, the buildings are situated on a 3.5-acre campus. The residential component includes 260 studio, one- and two-bedroom apartments and penthouses on the top two floors. Apartments include quartz countertops, full quartz backsplashes, full-height windows and balconies or terraces in 50 percent of the units. Community amenities include a resort-style deck with an outdoor pool, spa, shaded cabanas, grilling stations and al fresco dining areas, a rooftop bookable dining room and outdoor terrace and an indoor-outdoor fitness center. The property also includes a fleet of Habitat-branded e-bikes for residential use, coworking space, a social lounge, media room, library, dedicated storage, pet spa, dog run and dining room with planned chef demonstrations, wine tastings and seasonal pop-ups. Kelly Wearstler and Jules Wilson Design Studio designed the interiors of the residential building. The office portion includes 40,000-square-foot to 50,000-square-foot floor plates, 14-foot floor-to-floor heights and private terraces, as…

The post Lendlease, Aware Super Open Habitat Mixed-Use Campus in Los Angeles appeared first on REBusinessOnline.

Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

Amy Works — Mon, 18 May 2026 13:44:30 +0000

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

The post Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose appeared first on REBusinessOnline.

WMC Commercial Buys Upland Village Green Multifamily Property in California for $48.5M

Amy Works — Mon, 18 May 2026 13:43:09 +0000

UPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million. Kevin Green, Joseph Grabiec, Chris Zorbas and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Upland Village Green features 24 residential buildings with electronic access entry gates, a swimming pool, spa and sundeck. Apartments feature open floor plans, private patios or balconies and illuminated ceiling fans.

The post WMC Commercial Buys Upland Village Green Multifamily Property in California for $48.5M appeared first on REBusinessOnline.

Trade Winds Properties Acquires Office Condos in Tucson for $1.8M

Amy Works — Mon, 18 May 2026 13:41:55 +0000

TUCSON, ARIZ. — Trade Winds Properties LLC has purchased 13,602 square feet of office condos within St. Mary’s Medical Plaza II, located at 1704 W. Anklam Road in Tucson. NWI St. Mary Medical Plaza Holdco LLC sold the assets for $1.8 million. Thomas Nieman and Bryce Horner of Cushman & Wakefield | PICOR represented the seller, while Timothy Redelsperger of Long Realty Uptown represented the buyer in the deal.

The post Trade Winds Properties Acquires Office Condos in Tucson for $1.8M appeared first on REBusinessOnline.

Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT

Taylor Williams — Mon, 18 May 2026 12:04:00 +0000

BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction…

The post Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT appeared first on REBusinessOnline.

Guardian Acquires 332-Unit Ladd Tower Apartment Building in Downtown Portland

Amy Works — Fri, 15 May 2026 13:30:15 +0000

PORTLAND, ORE. — Guardian has purchased Ladd Tower, an apartment building located at 1300 S.W. Park Ave. in downtown Portland, for an undisclosed price. Josh McDonald and Joe Nydahl of CBRE, along with Jesse Weber and Andrew Behrens of CBRE’s Debt & Structured Finance team, represented the buyer and undisclosed seller in the deal. The 23-story Ladd Tower features 332 Class A apartments and is adjacent to the South Park Blocks and within walking distance of Portland State University, public transit and major downtown employers.

The post Guardian Acquires 332-Unit Ladd Tower Apartment Building in Downtown Portland appeared first on REBusinessOnline.

JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions

Amy Works — Fri, 15 May 2026 13:29:14 +0000

LOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets. EQT Real Estate and Berkeley Partners each acquired separate assets from the 365,774-square-foot portfolio through distinct closings. Patrick Nally, Ryan Spradling, Evan Moran, Makenna Peter and Shae Vomund of JLL Capital Markets represented the undisclosed seller in both transactions.

The post JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions appeared first on REBusinessOnline.

Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California

Amy Works — Fri, 15 May 2026 13:25:14 +0000

MADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley Investment Group. Sean Cox and Bill Asher of Hanley Investment Group represented the seller and developer, Clovis, Calif.-based Stock Five Development Inc. Dev Patel of Kidder Mathews represented the buyer, a private investor from the San Francisco Bay Area.

The post Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California appeared first on REBusinessOnline.

Prime Investment Properties Brokers Sale of 27-Room Salida Inn & Monarch Suites Hotel in Colorado

Amy Works — Fri, 15 May 2026 13:20:00 +0000

SALIDA, COLO. — Prime Investment Properties, a member of Hotel Brokers International, has arranged the sale of Salida Inn & Monarch Suites, located at 7310 W. US Highway 50 in Salida. Denver-based IMPRINT Hospitality sold the asset to an undisclosed buyer for $2.7 million, equaling $100,000 per key. Originally constructed in 1960 and recently renovated, the two-story, 13,500-square-foot property features 27 rooms, some with fully equipped kitchens, along with cottages, a hot tub, an outdoor pool and multiple patios. Situated on 1.2 acres, the hotel offers access to the Arkansas River, Monarch Mountain Ski Areas and San Isabel National Forest.

The post Prime Investment Properties Brokers Sale of 27-Room Salida Inn & Monarch Suites Hotel in Colorado appeared first on REBusinessOnline.

Millburn & Co. Buys 339-Unit Apartment Community in Mesa, Arizona

Amy Works — Thu, 14 May 2026 13:18:42 +0000

MESA, ARIZ. — Salt Lake City-based Millburn & Co. has acquired Ascend at Longbow Highpoint, a multifamily property in Mesa, from D.R. Horton for an undisclosed price. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the transaction. CBRE’s Debt & Structured Finance team arranged financing for the buyer. Completed in 2025, the community features 339 apartments situated along the Longbow Golf Club. Residences include hardwood-style flooring, granite countertops, energy-efficient windows, smart thermostats, full-size washers/dryers, stainless steel appliances and patios or balconies. Ascend at Longbow Highpoint in Mesa, Ariz., features 339 apartments, a swimming pool, conference rooms, pet amenities and a resident clubhouse. Community amenities include a resort-style pool deck with golf course views, a covered outdoor kitchen and barbecue pavilion, a resident clubhouse with lounge areas, a community kitchen, conference rooms and coworking spaces. Additional amenities include outdoor gathering areas, electric vehicle charging, pet amenities, package lockers and a walking trail with direct access to the golf course.

The post Millburn & Co. Buys 339-Unit Apartment Community in Mesa, Arizona appeared first on REBusinessOnline.

IPA Arranges $28M Sale of Park Encino Multifamily Property in Los Angeles

Amy Works — Thu, 14 May 2026 13:15:11 +0000

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the undisclosed seller and procured the buyer, locally based Universe Holdings Development. Completed in 2014, Park Encino is a gated community with a central courtyard, clubhouse, fitness center, patio and grill. The unit mix is comprised of two- and three-bedroom floor plans. Units feature washers and dryers and walk-in closets.

The post IPA Arranges $28M Sale of Park Encino Multifamily Property in Los Angeles appeared first on REBusinessOnline.

Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro Phoenix

Amy Works — Thu, 14 May 2026 13:14:12 +0000

BUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix. The first wave of tenants includes Buckle, Ulta Beauty, Target, Bath & Body Works, Famous Footwear, Marshalls and HomeGoods. Target, which spans 148,000 square feet, will be the first anchor tenant to open at Verrado Marketplace on May 17. The next wave of tenants will debut in June, including Einstein Bros. Bagels, Elite Shutters & Blinds, Great Clips, Pacific Dental Services, NextCare Urgent Care, Paramount Hair Extensions and CityVet, followed by Ross Dress for Less in mid-July. Verrado Marketplace is projected to be fully open by January 2027 and will comprise more than 55 retailers, chef-driven restaurants and eateries, service-based tenants and the Harkins BackLot entertainment experience.

The post Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro Phoenix appeared first on REBusinessOnline.