Western

MG Properties Buys Dockside Apartments in Kent, Washington for $95.6M

by Amy Works October 30, 2025

KENT, WASH. — San Diego-based MG Properties has purchased Dockside Apartments, a multifamily community situated within Lakes at Kent master-planned community in Kent. Terms of the acquisition were not released. The transaction marks MG Properties’ 11th acquisition in the Seattle metropolitan area. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the undisclosed seller in the deal. Troy Tegeler and Trevor Breaux of CBRE Capital Markets arranged financing for the acquisition. Dockside Apartments offers 344 one-, two- and three-bedroom units with modern interiors, open-concept layouts and private outdoor spaces. Community amenities include a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas and a pet park.

October 30, 2025

Acquisitions Industrial Washington Western

CBRE Negotiates Sale of 458,707 SF Logistics Property in Seattle’s SeaTac Region

by Amy Works October 30, 2025

BURIEN, WASH. — CBRE has negotiated the sale of Seattle Gateway I and II, two Class A logistics facilities in Burien. Totaling 458,707 square feet, the assets are located at 14237 Des Moines Way South and 1021 S. 146th St. The property is located directly north of SeaTac International Airport and offers immediate access to state routes 518 and 509. Constructed in 2018 by Panattoni, the facilities feature flexible suite configurations for tenants ranging from 50,000 square feet to 250,000 square feet, 30- to 36-foot clear heights, ESFR sprinklers, LED lighting, 1,200 to 2,000 amps of power, 86 dock-high doors and 130- to 233-foot truck courts. At the time of sale, the portfolio was fully leased to four tenants. Brett Hartzell and Chris Reeves of CBRE represented the seller in the deal. Terms of the transaction were not disclosed.

October 30, 2025

Acquisitions California Retail Western

NewMark Merrill Cos. Sells 92,000 SF Grocery-Anchored Shopping Center in Southern California

by Amy Works October 30, 2025

RIALTO, CALIF. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill, which developed and constructed the center, will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. Sprouts Farmers Market anchors Rialto Village, which was fully leased at the time of sale. Other tenants at the property include Burlington, Ulta Beauty, Five Below, In-N-Out Burger, Coffee Bean, Cold Stone Creamery, Nekter Juice Bar, Sharetea, The Joint Chiropractic, Ahipoki Bowl, Arrowhead Credit Union, Taquería 2 Potrillos and Mattress Firm.

October 30, 2025

Acquisitions California Healthcare Western

IPA Brokers $21.3M Sale of UCLA-Occupied Medical Office Building in Santa Barbara, California

by Amy Works October 30, 2025

SANTA BARBARA, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a three-story medical office building in downtown Santa Barbara. Greenbridge Investment Partners, led by Sean Hashem and Fareed Kanani, doing business as Greenbridge Medical Center LLC, sold the asset to a California-based corporation for $21.3 million, or $970 per square foot. University of California Los Angeles (UCLA) occupies the 21,970-square-foot property on a triple-net lease. Built in 2007 and renovated in 2023, the building is home to UCLA Health Santa Barbara’s oncology, primary and specialty care services, including internal medicine, family medicine and rheumatology. Building amenities include ground-level parking, patios throughout and a rooftop terrace. Mark DeGiorgio, Tom Lagos and Andrew Defends of IPA represented the seller in the deal.

October 30, 2025

Acquisitions Multifamily Oregon Student Housing Western

Article Student Living Acquires 95-Bed Student Housing Community Near Oregon State University

by Amy Works October 30, 2025

CORVALLIS, ORE. — Article Student Living has acquired Santana Court, a 95-bed student housing community located adjacent to the Oregon State University campus in Corvallis. The property offers units in studio, one- and two-bedroom configurations. The site is entitled for future development of up to 650 beds. The seller and terms of the transaction were not released. McNair Collegiate Partners consulted on the acquisition.

October 30, 2025

Acquisitions California Company News Restaurant Retail Western

Jack in the Box to Sell Del Taco Subsidiary for $115M

by Amy Works October 29, 2025

SAN DIEGO — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The transaction is expected to close by January 2026. The company expects to use the net cash proceeds after taxes and transaction costs to retire debt within its securitization structure. In line with the company’s “Jack on Track” plan announced in April, the sale of Del Taco allows for the strengthening of the company’s balance sheet and initiates the return of Jack in the Box to a “simpler, asset-light business model,” according to a release. BofA Securities Inc. is serving as exclusive financial advisor to Jack in the Box and Sullivan & Cromwell LLP is serving as its legal counsel in the transaction. Yadav Enterprises is represented by its general counsel, Steven …

October 29, 2025

California Loans Multifamily Western

Priority Capital Advisory Arranges $28M Construction Loan for Apartment Property in West Los Angeles

by Amy Works October 29, 2025

LOS ANGELES — Priority Capital Advisory has arranged a $28 million loan on behalf of CityPads, a private equity fund manager and multifamily developer with operations based in Chicago and Los Angeles. The senior debt financing will be used for the development of a 92-unit multifamily property located at 8931-8945 Helms Place in West Los Angeles. Zachary Streit of Priority Capital Advisory, along with Lucas Borges of JLL, arranged the loan. The property will feature 38 studio units (33 market rate and five affordable), 53 one-bedroom units (47 market rate, six affordable) and one affordable three-bedroom unit. Building amenities will include coworking space and a lounge, private patios, onsite parking, 9- to 10-foot ceilings and a fully built-out roof deck with 360-degree views. Construction is underway for the project, which is slated for completion in late 2026.

October 29, 2025

Acquisitions California Healthcare Western

Anchor Health Properties Acquires Bon Air Medical Center in Larkspur, California for $24M

by Amy Works October 29, 2025

LARKSPUR, CALIF. — Wareham Development Corp. has completed the sale of Bon Air Medical Center, a medical outpatient building in Larkspur, to Anchor Health Properties for $24 million. Situated on 3.6 acres at 18 Bon Air Road, Bon Air Medical Center features 27,297 square feet of multi-speciality medical outpatient space. The two single-story buildings are fully leased to MarinHealth and offer a variety of services, including cardiovascular medicine, orthopedics, imaging and spinal care. Evan Kovac, Andrew Milne, John Chun, Matt DiCesare, Anthony Sardo, Erik Hanson and Rob Hielscher of JLL represented the seller in the deal.

October 29, 2025

10605-10635-Folsom-Blvd-Rancho-Cordova-CA

Acquisitions California Retail Western

McNellis Partners Disposes of Cordova Village Retail Center in California for $20.2M

by Amy Works October 29, 2025

RANCHO CORDOVA, CALIF. — McNellis Partners has completed the sale of Cordova Village, a grocery-anchored retail center in Rancho Cordova, to a foreign private investor for $20.2 million. Located at 10605-10635 Folsom Blvd., Cordova Village features 60,617 square feet of retail space spread across three single-tenant buildings on 7.2 acres with 705 feet of Folsom Boulevard frontage. The property is fully leased to national credit tenants, including Safeway, Safeway Fuel Center and Bank of America. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL Capital Markets represented the seller in the deal.

October 29, 2025

Acquisitions Industrial Self-Storage Utah Western

Joint Venture Sells 88,015 SF Self-Storage Facility in Lehi, Utah

by Amy Works October 29, 2025

LEHI, UTAH — A joint venture between Gardner Group, a Salt Lake City-based full-service commercial real estate development and management company, and Management Elevated, a Utah-based self-storage third-party manager and consulting firm, has completed the sale of Saratoga Storage, a 676-unit self-storage facility in Lehi. Constructed in 2023, Saratoga Storage consists of three single-story buildings with 100 drive-up units. The property offers a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, a 24/7 video surveillance throughout the facility, asphalt driveways and units with roll-up doors. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.

October 29, 2025

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