ROSEMEAD, CALIF. — Quantum Capital Partners has arranged a $26 million construction loan for Prospect Village, an apartment development in Rosemead. Kevin Wong of Quantum Capital secured the financing for the borrower, The Connected Cos., which is developing the property. Located along the Garvey Avenue corridor, Prospect Village will feature a seven-story multifamily complex offering 75 one-, two-, three- and four-bedroom residential units and 6,350 square feet of ground-floor retail space. Designed by Scale Labs Architects, the low-rise structure will feature a cascading terrace deck design at the rear, offering outdoor space and architectural interest. The project is expected to break ground immediately.
CARLSBAD, CALIF. — CBRE has brokered the $22.1 million sale-leaseback of 2470 Faraday Avenue, a 19.4-acre site in Carlsbad. BLT Enterprises acquired the asset from the seller, a global science and technology company. The site includes a 127,200-square-foot industrial research and development and manufacturing facility, which the seller will lease back. The facility features highly specialized lab and research and development space, as well as manufacturing and distribution space. The facility has been owned and operated by the seller since the mid-1970s. Hunter Rowe, Matt Carlson, Michael Longo, Eric Cox, Barbara Perrier, Joe Cesta and Brian Russell of CBRE represented the seller in the deal.
REDDING, CALIF. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the asset to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building, which was completed this year, on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the seller in the transaction.
ENGLEWOOD, COLO. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $31 million bridge loan to refinance Oxford Vista, a 142-unit multifamily development in Englewood. The sponsor, The Prime Co., used loan proceeds to repay existing debt, fund loan transaction costs and establish an interest reserve. David Scheer and Alex Izso of Dwight Capital originated the financing. Completed in 2023, Oxford Vista features two studios, 112 one-bedroom and 32 two-bedroom units. Apartments offer quartz countertops with waterfall edges, stainless steel appliances, high ceilings, blackout shades, rain shower heads and anti-fog bathroom mirrors. Each residence also features smart locks and thermostats, energy-efficient appliances and high-speed internet access. Select units offer private balconies or patios with mountain views. Community amenities include a pool and hot tub, outdoor fire pits and grilling stations, a modern fitness center with Echelon smart mirrors, as well as a yoga and fitness studio, clubhouse and lounge with a fully equipped kitchen and an espresso bar. Additional amenities include podcast studios, a workshop space, communal workspaces, bike storage, controlled building access and a pet-friendly environment with a dog wash and dog courtyard.
NORTH LAS VEGAS, NEV. — CapRock Partners has completed the sale of CapRock Point @ Cheyenne, a Class A industrial facility located at 3921 E. Cheyenne Ave. in North Las Vegas, to EastGroup Properties for an undisclosed price. Developed in 2022 by CapRock Partners, CapRock Point @ Cheyenne features 101,332 square feet of industrial warehouse space. The fully leased property features a clear height of 30 feet, 13 dock-high doors, two grade-level doors, 107 auto stalls, ESFR sprinklers, 2,000 amps of power, flexible configuration and 3,027 square feet of office space. Michael Kendall and Gian Bruno of Colliers led the transaction, with local support from Dan Doherty, Paul Sweetland and Jerry Doty of Colliers.
CAMAS, WASH. — Forging Union LLC has acquired a multi-tenant retail strip center in Camas from Hurley Development for $18.7 million. The 35,547-square-foot property is fully occupied by 15 tenants, including businesses focused on financial services, health and fitness, and food and beverage tenants with triple-net leases. The property is situated on 2.5 acres at 301 N.E. 192nd Ave. Wes Bochner of CBRE represented the buyer in the deal.
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.
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.
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.
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.