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Bespoke-Holdings-CO
AcquisitionsColoradoIndustrialWestern

Bespoke Holdings Co. Sells 67,508 SF Industrial Outdoor Storage Portfolio in Colorado

by Amy Works

BRIGHTON AND COLORADO SPRINGS, COLO. — Bespoke Holdings Co. has completed the disposition of a two-property industrial outdoor storage (IOS) portfolio totaling 67,508 square feet in the Denver and Colorado Springs metro areas. Alterra IOS acquired the portfolio for an undisclosed price. Located at 995 N. 5th Ave. in Brighton, the property features a 4,890-square-foot building on a 4.6-acre site with 2.4 percent site coverage. Built in 1982, the steel-constructed facility features a clear height of 14 feet and two drive-in doors. The property was fully leased to a major national equipment rental company at the time of sale. Located at 3240-3250 Astrozon Blvd. in Colorado Springs, the asset spans 62,618 square feet across 6.9 acres with 20.8 percent site coverage. Constructed in 1981 with recent improvements including a 2018 standing-seam metal roof installation, the facility features a clear height of 18 feet, 10 drive-in doors and railroad spur access. The property is fully leased to an established lumber and building materials company. Peter Merrion and Robert Key of JLL Capital Markets represented the seller, while Parker Pearson of Alterra IOS represented the buyer.

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BuildingC-Luke-Field-Glendale-AZ
AcquisitionsArizonaIndustrialWestern

Lincoln Property Co., Goldman Sachs Sell 1.3 MSF Industrial Building in Glendale, Arizona to Walmart for $152.1M

by Amy Works

GLENDALE, ARIZ. — Lincoln Property Co. and Goldman Sachs have completed the disposition of the 1.3 million-square-foot Building C at Luke Field in Glendale. Walmart acquired the asset for $152.1 million. Luke Field, located at 13803 and 13543 Northern Ave. and 7733 Litchfield Road, spans three Class A industrial buildings: a 695,750-square-foot Building A, a 454,761-square-foot Building B and a 1.3 million-square-foot Building C. Each building features a clear height of 40 feet, 25-foot tall glass entries, 3,000 amps of power (expandable), automated dock doors, steel moment frame shear bracing and 5-foot by 10-foot clerestory windows. The project also includes Lincoln’s creative industrial amenities, including barbecue stations, a shaded outdoor eating area and employee collaboration spaces. Lincoln serves as the property manager and leasing agent for Luke Field. JLL’s Marc Hertzberg and John Lydon represented the buyer in the Building C acquisition.

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Avalon-San-Ramon-CA
AcquisitionsCaliforniaDevelopmentMultifamilyWestern

AvalonBay Communities to Develop 456-Unit Apartment Project in San Ramon, California

by Amy Works

SAN RAMON, CALIF. — AvalonBay Communities has closed on the purchase of a 5.7-acre site at 6200 Bollinger Road in San Ramon from Sunset Development Co. for an undisclosed price. Situated within the master-planned Bishop Ranch, the site will become Avalon San Ramon featuring two five- and seven-story residential buildings linked by a breezeway. The property will offer 456 apartments with spacious layouts, modern finishes and flexible spaces. Community amenities will include a fitness center, pool, work lounge, clubhouse, rooftop deck and a WAG Pet Spa. Construction is commencing this month, with completion slated for late 2027.

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Power-Commerce-Park-Gilbert-AZ
AcquisitionsArizonaIndustrialWestern

Top Ten Properties Acquires 146,052 SF Industrial Complex in Gilbert, Arizona for $55M

by Amy Works

GILBERT, ARIZ. — Richard Scheinfeld of Top Ten Properties has acquired Power Commerce Park, a small-bay industrial campus in Gilbert, part of Phoenix’s Southwest Valley submarket. Dave Cavan of Cavan Commercial sold the asset for $55 million, or $376.57 per square foot. Built in 2023, Power Commerce Park features 146,052 square feet of Class A industrial space adjacent to the Elliot Road Tech Corridor and Phoenix-Mesa Gateway Airport. The Leroy Breinholt team at Commercial Properties Inc./CORFAC International represented the seller in the transaction.

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Westlake-Gardens-Thousand-Oaks-CA
AcquisitionsCaliforniaOfficeWestern

Atlantic Pearl Investments Buys Two-Building Office Campus in Thousand Oaks, California for $19.2M

by Amy Works

THOUSAND OAKS, CALIF. — Atlantic Pearl Investments, a Ghassemieh family investment vehicle, has purchased Westlake Gardens, a two-building office campus in Thousand Oaks. A private seller sold the property for $19.2 million, or $193 per square foot. Located at 2535 and 2555 Townsgate Road, the asset offers 99,545 square feet of Class A office space. Sean Fulp, Mark Schuessler, Blake Hammerstein and Jordan Garcia of Colliers represented the seller. Jason Roth, also of Colliers, arranged acquisition financing for the buyer.

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18530-Van-Buren-Blvd-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Negotiates $4.6M Sale of Retail Building in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Progressive Real Estate Partners has negotiated the $4.6 million sale of an 8,960-square-foot, multi-tenant retail building located at 18530 Van Buren Blvd. in Riverside. Built in 1996, the property is 90 percent leased to seven food- and service-oriented tenants, including Subway, H&R Block, a barbershop and a pool supply store. The retail building is part of Orangecrest Plaza, a grocery-anchored shopping center. Orangecrest Plaza features several national tenants such as Albertsons and Petco. Greg Bedell and Trinnie Lee of Progressive represented the seller, a private Orange County-based investor, in the transaction. Vicky Casey and Josh Labogin of Casey & Associates represented the buyer, a Central California-based private investor.

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1976-Hacienda-Dr-Vista-CA
AcquisitionsCaliforniaRetailWestern

Brixton Capital Sells Pavilion Shopping Center in Vista, California for $30.5M

by Amy Works

VISTA, CALIF. — Brixton Capital has completed the disposition of Pavilion Shopping Center, a grocery-anchored retail center in Vista. Milan Capital Management acquired the asset for $30.5 million. Located at 1900-98 Hacienda Drive, the open-air shopping center offers 137,742 square feet of retail space. At the time of sale, the property was 95.3 percent leased to a variety of tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Situated on 10.8 acres, the property underwent extensive capital improvements, including a completely renovated parking lot that was sealed and striped in March 2025. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller. Jeff Sauze, John Chun and Allie Black of JLL secured $19.5 million in acquisition financing for the buyer.

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Sierra-del-Oro-Towne-Centre-Corona-CA
AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Negotiates Sale of 110,485 SF Shopping Center in Corona, California

by Amy Works

CORONA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman and Ed Hanley represented the seller, Phillips Edison & Co., in the transaction. Jesse Millman of Newmark represented the buyer, a private 1031 exchange investor based in Northern California.

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LoansMultifamilyOregonWestern

Gantry Secures $17.5M Refinancing for Multifamily Property in Portland

by Amy Works

PORTLAND, ORE. — Gantry has secured a $17.5 million permanent loan to refinance maturing debt for an apartment community in southwest Portland. The three-story, garden-style community offers 178 one-, two- and three-bedroom floor plans. Apartments include in-unit washers/dryers, gas fireplaces and patios/balconies with carports and/or garages. Community amenities include a clubhouse, pool, spa and fitness center. Blake Hering, Kristin Lapinskas and Abi Hunter of Gantry represented the borrower, a private family office. The 10-year, nonrecourse permanent loan was secured through a life company lender from Gantry’s exclusive correspondent network and features a 25-year amortization at a fixed rate for a legacy hold. Gantry will service the loan.

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CaliforniaLoansMultifamilySeniors HousingWestern

Helios Arranges Refinancing for 165-Bed Skilled Nursing, Assisted Living Portfolio in Southern California

by Amy Works

FILLMORE AND SAN BERNADINO, CALIF. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio. 

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