BEAVERTON, ORE. — Gantry has secured a $12.4 million structured financing package aligning a bridge loan execution and preferred equity for the purchase of an industrial facility in Beaverton. Located at 10025 S.W. Allen Blvd., the 50,400-square-foot Class B property is fully lease to two tenants. Situated on 6.9 acres, the property includes 2 acres of fenced outdoor storage capacity. Mike Wood and Tim Brown of Gantry represented the sponsor, a private real estate investor. The structured equity and debt package was secured from one of Gantry’s correspondent life company lenders. The financing includes a five-year loan with upfront interest-only transitioning to a 25-year amortization schedule. Gantry will service the loan on behalf of its correspondent.
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Pacific Coast Commercial Brokers $6.1M Sale of Retail Property in Victorville, California
by Amy Works
VICTORVILLE, CALIF. — Pacific Coast Commercial has arranged the purchase of a multi-tenant retail property located at 14190 Bear Valley Road in Victorville. The 11,618-square-foot asset traded for $6.1 million. Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer, while Rick Helmonds and Lance Mordachini of Progressive Real Estate Partners represented the seller in the transaction. Sunflower Bank provided acquisition financing for the deal.
Mesa West Capital Originates $30M Acquisition Loan for Industrial Property in Newark, California
by Amy Works
NEWARK, CALIF. — Mesa West Capital has provided a joint venture between Palisade Group and Pearlmark with $30 million in first mortgage debt for the acquisition, renovation and lease-up of 7411 Central Avenue, an industrial building in Newark. Built in 1998, the 143,000-square-foot property was fully vacant at the time of financing and acquisition. The property features a clear height of 24 feet, 33 dock-high doors, 12 grade-level doors and 310 parking stalls. David Pelaia and Josh Blank of JLL’s West Los Angeles office arranged the financing.
Ethos Commercial Secures Construction Financing for 154,000 SF Spec Industrial Park in Woodburn, Oregon
by Amy Works
WOODBURN, ORE. — Ethos Commercial Advisors has secured construction financing for WB Commerce, a speculative industrial park in Woodburn. Situated on 11 acres off Highway 214, WB Commerce will feature two buildings offering a total of 154,000 square feet of industrial space. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated a 24-month construction loan at a 62 percent loan-to-cost ratio with a national debt fund for the undisclosed borrower.
CARLSBAD, CALIF. — RF Partners LLC has completed the disposition of a flex office and industrial property, located at 5935 Darwin Court in Carlsbad, to a private local owner-user investor for $14.2 million. Situated within the Carlsbad Research center, the two-story, 54,351-square-foot creative flex office building was built in 1991 and renovated in 2005 and 2024. Matt Pourcho, Dennis Visser, Matty Sunberg, Anthony DeLorenzo and Don Trapani of CBRE represented the seller in the transaction.
Mark IV Capital Sells Paradiso Medical Office Building in Scottsdale, Arizona for $13.3M
by Amy Works
SCOTTSDALE, ARIZ. — Mark IV Capital Properties has completed the sale of Paradiso, a two-story, multi-tenant medical office building in Scottsdale. Albany Road Real Estate Partners acquired the property for $13.3 million. The 59,445-square-foot asset features a large central courtyard with decorative fountains and seating areas, private entrances and balconies, covered breezeways, patios off several ground-floor suites and full-length storefront windows. The property is located at 11000 N. Scottsdale Road. Eric Wichterman, Alexandra Loye, Chris Toci and Mike Coover of Cushman & Wakefield represented the seller in the transaction.
Hanley Investment Group Brokers $3.9M Sale of Multi-Tenant Retail Building in Lancaster, California
by Amy Works
LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.
HENDERSON, NEV. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans. Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, an indoor/outdoor bar, gardening programs, educational classes, a movie theater, two fitness centers, a steam room and sauna with an outdoor pool, recreation and activity programming and a pet spa. Development and investment firm Investcor’s current portfolio totals over $1.6 billion in real estate projects across the hospitality, residential, mixed-use and senior living sectors.
TIGARD, ORE. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower. Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds. PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project also includes a $41.6 million construction loan and mini-perm mortgage provided by Columbia Credit Union. STEELE Associates Architects is the architect for Cedarbrook Senior Living, and Mosaic Construction is serving as the general contractor. Mosaic Management will operate the property upon opening.
Bolour Associates Originates $22.2M Refinancing for Village Business Park in Buena Park, California
by Amy Works
BUENA PARK, CALIF. — Bolour Associates, through its affiliate BA Debt Fund LLC, has provided a $22.2 million, 24-month office refinancing loan for Village Business Park in Buena Park. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability. CBRE represented the borrower in the financing. Spanning 144,000 square feet, the two-story buildings are located at 7000 and 7001 Village Drive. The multi-tenant buildings are currently 82 percent occupied. The property offers large and open floor plans, a generous 6:1,000 parking ratio and suites with immediate courtyard access for indoor and outdoor use.