Western

ASHLAND, ORE. — An undisclosed buyer has purchased Skylark Assisted Living, a 75-unit assisted living and 34-bed memory care facility in Ashland, for $10.8 million. Skylark Assisted Living, located within the Mountain Meadows age-restricted community, opened in 1997. Skylark was 90 percent occupied at the time of the sale. Dan Mahoney and Tony Cassie, directors of Marcus & Millichap’s National Seniors Housing Group in Portland, represented the sellers and procured the buyer in this transaction.

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CLEARFIELD, UTAH — RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group LLC, has closed an $11.1M Fannie Mae loan for MBK Senior Living to refinance Chancellor Gardens of Clearfield, an assisted living and memory care community in Clearfield about 25 miles north of Salt Lake City. Chancellor Gardens is a 130-unit community constructed in 1999 and expanded in 2009. Founded in 1986, MBK owns and operates 13 communities across California, Utah, Arizona, Colorado and Washington.

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CONCORD, CALIF. — Carlton Senior Living, an operator of 11 seniors housing communities in Northern California, has named industry veteran David Coluzzi as its new president. The company is based in Concord, located between San Francisco and Sacramento, and is looking to expand its portfolio of independent living, assisted living and memory care properties. Serving the industry for over 26 years, Coluzzi most recently was CEO of Esquire Group, a senior living and apartment company with 1,200 units in seven communities in New Jersey. Coluzzi was formerly vice president of operations at Classic Residence by Hyatt (now known as Vi). He directed the management of a portfolio consisting of 10 luxury continuing care retirement communities (CCRCs) while leading the start-up of two new communities and an expansion that resulted in more than 4,000 independent living, assisted living, memory care and skilled nursing units in California, Arizona, Colorado, Illinois, South Carolina and Florida. Coluzzi served in the United States Air Force and holds a Bachelor of Science degree in health care administration from the University of Arizona in Tucson.

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RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners has inked a new Dollar Tree lease in Rancho Cucamonga. The discount store has leased 8,700 square feet at 11398 Kenyon Way. The store will join Alberstons and CVS in early 2016 at the freeway-adjacent Vineyards Marketplace. Janine Peltier of Progressive Real Estate Partners represented the lessor in this transaction.

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PORTLAND, ORE. — Marcus & Millichap has arranged the sale of Hawthorne Gardens Assisted Living, a 58-unit, 84-bed assisted living and memory care facility in Portland, for $10.8 million. Located in East Portland, Hawthorne Gardens was built in 2007 and was 88 percent occupied at the time of the sale. Dan Mahoney and Tony Cassie, directors of Marcus & Millichap’s National Seniors Housing Group in Portland, represented the sellers and procured the buyer in this transaction.

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RANCHO SANTA MARGARITA, CALIF. — Colliers International has brokered the $9.6 million sale of a single-tenant retail site in the master-planned community of Rancho Santa Margarita in southern Orange County. Located at 22331 El Paseo, the single-tenant pad totals 74,000 square feet. The all-cash transaction closed with a cap rate of 5.5 percent. A 22,000-square-foot 24 Hour Fitness facility has occupied the site since 1997. The fitness facility also includes a sub-tenant chiropractic service. Mehran Foroughi and John Wadsworth of Colliers represented the seller, an Orange County-based private investor, in the transaction. The buyer was also a private investor.

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VICTORVILLE, CALIF. — Marcus & Millichap has arranged the $2.25 million sale of Metropolitan Plaza, a 21,208-square-foot multi-tenant retail center in Victorville. Pablo Rodriquez and Richard Vincent of Marcus & Millichap worked on behalf of the seller in the transaction. The center was fully occupied at the time of sale.

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SAN FRANCISCO — Colliers International has hired Victoria Brodsky to its retail services group. Brodsky, who has participated in the closings of more than $500 million in transactions, will become a member of Julie Taylor’s retail team. Brodsky most recently served as a retail specialist at Cushman & Wakefield in San Francisco.

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LAKE FOREST, CALIF. — Landmark Capital Advisors has arranged $100 million in financing for Portola Center South, a 626-building multifamily community in Lake Forest. The owner, SunRanch Capital Partners, began improving the land this past June. It plans to begin selling the lots to builders by early 2016. The site contains five planning areas. The improvements will commence in one phase, which will take seven to nine months to complete. Portola Center South will eventually include 569 for-sale units and 57 affordable units. Adam Deermount and Terry Ruckle of Landmark Capital Advisors structured the financing.

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