TACOMA, WASH. — Allenmore Medical Center’s Building B, an 86,942-square-foot, mid-rise medical office building in Central Tacoma, has sold to Berschauer Group NW, LLC for $10.4 million. It resides on the Multicare Health System’sAllenmore hospital campus. The seven-story building is located at 1901 South Union Ave. The seller, Unico Medical Properties, LLC, was represented by Lori Hill,Stuart WilliamsandAnn Chamberlin of Jones Lang LaSalle’s Seattle office, Joe Euphratof JLL’s Capital Markets-Healthcare practice and Bill Frame of Kidder Mathews.
Western
SANTA ANA, CALIF. – The 121-room Santa Ana Hampton Inn & Suites has sold to Trigild, Blu Hotel Investors and Pacifica Real Estate Group (PREG) for an undisclosed sum. The hotel is located at 2720 Hotel Terrace Drive in Santa Ana. It is situated on 1.45 acres near South Coast Plaza and John Wayne International Airport. The hotel will undergo an extensive renovation and will continue operating under the current Hampton franchise agreement.
IRVINE, CALIF. — SARES•REGIS Grouphas created SARES•REGIS Multifamily Fund. The fund has more than $100 million in equity commitments that can be leveraged to acquire more than $300 million in Western-based value-add properties. The fund is co-sponsored with Penn Square Real Estate Group.
TACOMA, WASH. — Allenmore Medical Center’s Building B, an 86,942-square-foot, mid-rise medical office building in Central Tacoma, has sold to Berschauer Group NW, LLC for $10.4 million. It resides on the Multicare Health System’s Allenmore hospital campus. The seven-story building is located at 1901 South Union Ave. The seller, Unico Medical Properties, LLC, was represented by Lori Hill, Stuart Williams and Ann Chamberlin of Jones Lang LaSalle’s Seattle office, Joe Euphrat of JLL’s Capital Markets-Healthcare practice and Bill Frame of Kidder Mathews.
LOS ANGELES – The 79-unit Hillside Terrace Apartments in Hollywood has received a $10.5-million refinance. The community is located at 7245 Hillside Ave. Financing was based on a 10-year term and a 30-year amortization schedule. It was arranged by Robert Hervey of NorthMarq’s Los Angeles regional office through the firm’s seller-servicer relationship with Freddie Mac.
MONTEBELLO, CALIF. – A 25,000-square-foot Ross Dress for Less has opened at Montebello Plaza. The plaza is located at 2401-2629 W. Via Campo Road in Montebello. Ross was represented by Epsteen & Associates. Montebello Plaza’s landlord, Brixmor Property Group, was represented in-house by Gavin Gray.
BURIEN, WASH. – The 18-unit Cedar Court apartments in Burien has sold to a Pierce County apartment investor for $1.4 million. The community is located at 15621 4th Ave. South. The refinance and acquisition financing was provided by Marcus & Millichap Capital Corporation. The buyer was represented by Scott Morasch of Marcus & Millichap’s Seattle office.
LOS ANGELES – The 79-unit Hillside Terrace Apartments in Hollywood has received a $10.5-million refinance. The community is located at 7245 Hillside Ave. Financing was based on a 10-year term and a 30-year amortization schedule. It was arranged by Robert Hervey of NorthMarq’s Los Angeles regional office through the firm’s seller-servicer relationship with Freddie Mac.
MONTEBELLO, CALIF. – A 25,000-square-foot Ross Dress for Less has opened at Montebello Plaza. The plaza is located at 2401-2629 W. Via Campo Road in Montebello. Ross was represented by Epsteen & Associates. Montebello Plaza’s landlord, Brixmor Property Group, was represented in-house by Gavin Gray.
BURIEN, WASH. – The 18-unit Cedar Court apartments in Burien has sold to a Pierce County apartment investor for $1.4 million. The community is located at 15621 4th Ave. South. The refinance and acquisition financing was provided by Marcus & Millichap Capital Corporation. The buyer was represented by Scott Morasch of Marcus & Millichap’s Seattle office.