Western

Lagunitas Brewing Leases Industrial Facility in Azusa

by Nellie Day October 7, 2015

AZUSA, CALIF. — Lagunitas Brewing Company has leased 254,840 square feet of industrial space in Azusa. The new space will be situated inside a speculative, three-building industrial business park located at 1207 – 1223 10th Street. The site offers easy access to Interstates 210, 605 and 5. The facility will serve as the company’s third production brewery, with an initial capacity of about 420,000 barrels per year. JLL’s Paul Sablock, Nicole Welch and Peter McWilliams represented both the landlord, Xebec, and Lagunitas in this lease transaction.

October 7, 2015

Arizona Multifamily Western

OpenPath Investments Purchases Ventana Palms Apartments in Phoenix for $8.5M

by Nellie Day October 7, 2015

PHOENIX — OpenPath Investments has purchased the 160-unit Ventana Palms Apartments in Phoenix for $8.5 million. The community is located at 7021 W. McDowell Road. It was built in 1989. OpenPath will invest $1.5 million in interior and exterior upgrades to the property.

October 7, 2015

Office Utah Western

DataMaster Buys Fairfield Crossing Building in Utah

by Nellie Day October 7, 2015

LAYTON, UTAH — DataMaster has acquired Fairfield Crossing Building, a 16,000-square-foot office building in Layton, for an undisclosed sum. The space was formerly a retail asset, but the real estate appraisal software company will house its sales and tech services at the property. It is situated just north of Salt Lake City. Chris Falk of Newmark Grubb ACRES represented DataMaster. Adam Hawkes of Mountain West Retail and Investment represented the undisclosed seller.

October 7, 2015

California Multifamily Western

Lincoln Gardens Apartments in Napa Sells for $9M

by Nellie Day October 6, 2015

NAPA, CALIF. — A limited liability company has acquired the 30-unit Lincoln Gardens Apartments in Napa for $9 million. The community is located at 1802 F St. It was built in 2004. Brad Pennington and John Garrett of Marcus & Millichap’s San Francisco office represented both the buyer and seller, another LLC.

October 6, 2015

California Industrial Western

Dedeaux Properties Buys Eight Industrial Properties in Los Angeles

by Nellie Day October 6, 2015

LOS ANGELES — Dedeaux Properties has purchased an eight-property industrial portfolio totaling 121,162 square feet in the Los Angeles submarket of Santa Fe Springs for an undisclosed price. The properties are located near the Milroy Place cul-de-sac. CBRE’s Tom Dorman and Steve Young represented the seller, Adaya Family Trust.

October 6, 2015

Arizona Retail Western

Marcus & Millichap Arranges $5.4M Sale of Walgreens Net-Leased Property

by Nellie Day October 6, 2015

MARANA, ARIZ. — Marcus & Millichap has arranged the $5.4 million sale of a 14,820-square-foot net-leased Walgreens property located in Marana. Jamie Medress and Mark Ruble of Marcus & Millichap worked on behalf of the seller, a developer, and Ryan Shook and Evan Barry of Marcus & Millichap worked on behalf of the buyer, a limited liability company, in the transaction.

October 6, 2015

Colorado Multifamily Western

Lakewood Apartment Community Sells for $2.1M

by Nellie Day October 6, 2015

LAKEWOOD, COLO. — A 24-unit apartment community in Lakewood has sold to an unnamed buyer for $2.1 million. The community is located at 10623-10709 W. 8th Ave. It was built in 1961. Robert Lawson of Pinnacle Real Estate Advisors represented the buyer, while Josh Newell of the same firm represented the seller.

October 6, 2015

California Office Western

Molina Healthcare Leases Space at One World Trade Center in Long Beach

by Nellie Day October 6, 2015

LONG BEACH, CALIF. — Molina Healthcare has leased 73,486 square feet of office space at One World Trade Center in Downtown Long Beach. The facility will serve as an expansion for the company’s corporate headquarters, which is located across the street. Damion McKinney and Jamie Keller of McKinney Advisory Group represented Molina in the lease. JLL’s Steve Solomon, Jason Fine and Kristen Bowman, along with CBRE’s Dave Smith represented the landlords, Greenlaw Partners, Walton St. Capital and Stillwater Investment Group.

October 6, 2015

Multifamily Nevada Western

Bascom, Oaktree Buy Vantage Apartments in Henderson

by Nellie Day October 5, 2015

HENDERSON, NEV. — A joint venture between the Bascom Group and funds managed by Oaktree Capital Management has purchased the 110-unit Vantage apartments in the Las Vegas submarket of Henderson for an undisclosed sum. The community is located at 201 South Gibson Road. Guardian Life Insurance Company of America provided debt financing, which HFF’s Charles Halladay arranged. JLL’s John Cunningham and Charles Steele represented the seller in this transaction.

October 5, 2015

Multifamily Nevada Western

NorthMarq Arranges $29M Refinancing for The Resort at the Lakes in Las Vegas

by Nellie Day October 5, 2015

LAS VEGAS — NorthMarq Capital has arranged a $29 million refinancing loan for The Resort at the Lakes, a 427-unit apartment community in Las Vegas. The community is located at 9999 W. Katie Ave. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq’s Scott Monroe arranged financing for the borrower through its correspondent relationship with a life insurance company.

October 5, 2015

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