RANCHO CUCAMONGA, CALIF. — Towne Park Plaza L.P. has acquired a 25,002-square-foot retail space at Day Creek Village, a grocery-anchored shopping center located at 12223-12273 Highland Ave. in Rancho Cucamonga, for $11 million. Tenants included in the sale are Starbucks Coffee, Wells Fargo, The UPS Store and Supercuts. Scott Hook of Marcus & Millichap represented the buyer; Jeff Conover of Faris Lee Investments represented the seller, Newport Beach, Calif.-based Day Creek Investors LLC, in the transaction.
LIVERMORE, CALIF. — Darim Vision Corp. has purchased a 3,600-square-foot freestanding office building in Montevina, a 250,000-square-foot Class A office and R&D complex in Livermore. Darim plans to move its United States-based headquarters to the new building. Located at 3110 Constitution Dr., the property sold for approximately $1.21 million $337 per square foot. John Hone of Cornish & Carey Commercial represented the buyer; Hone, Jim Peterson and Andrew Zink of Cornish & Carey Commercial represented the seller, ExTerra Realty Partners, in the transaction.
THORNTON, COLO. — The Denver office of NorthMarq Capital has arranged an approximately $1.52 million permanent loan for Handy Storage, a 234-unit self-storage facility located at 2045 Coronado Parkway North in Thornton. The 33,500-square-foot property consists of seven single-story buildings. Terms of the loan include a 6.95 percent fixed rate and a 30-year amortization. Dale Stewart of NorthMarq’s Denver office secured the financing on behalf of the undisclosed borrower.
LOVELAND, COLO. — Springfield, Mo.-based John Q. Hammons Hotels & Resorts has completed the development of Embassy Suites® — Loveland Hotel, Spa & Conference Center, which is located at 4705 Clydesdale Parkway in Loveland. The eight-story hotel offers 263 suites, 80,000 gross square feet of meeting space, a fitness center, an indoor pool, a sundeck, restaurants, and a full-service spa. The hotel will be managed by John Q. Hammons Hotels & Resorts.
CLACKAMAS, TIGARD AND CEDAR HILLS, ORE. — NBS Financial Services has secured $25 million for three apartment communities in metro Portland. The 235-unit Squire’s Court Apartments in Clackamas received a $10.5 million loan; Riverwood Heights Apartments, a 240-unit complex in Tigard, received $10 million; and the 124-unit Cedar Square Apartments in Cedar Hills received $4.5 million. State Farm Life Insurance Co. provided financing for all the loans, which were arranged by Blake Hering Jr. of NBS Financial.
WASHINGTON AND NEVADA — Marcus & Millichap has brokered two multifamily sales in Wenatchee, Wash., and Las Vegas. In Wenatchee, Marc Cunningham of Marcus & Millichap represented the undisclosed seller in the disposition of Yakima Court Properties, a 15-unit property located at 527 Yakima St., to an undisclosed buyer for $795,000. In Las Vegas, Luis Velazqeuz of Marcus & Millichap represented the undisclosed buyer in the $300,000 acquisition of Cottage Park, a 10-unit apartment community located at 1014 N. 4th St. in Las Vegas. The seller was not disclosed.
SUN CITY WEST, ARIZ. — A new $86 million patient tower has opened at Banner Del E. Webb Medical Center in Sun City West. The 180,000-square-foot, six-story tower offers patient rooms, operating rooms and ICU areas. The tower’s two-story glass-enclosed lobby and second floor ICU waiting room overlook a fountain and healing garden. DPR Construction served as general contractor for the project; RTKL provided architectural services for the project.
SAN FRANCISCO — San Francisco-based BRE Properties Inc. will borrow $620 million this year through a credit deal with Deutsche Bank Berkshire Mortgage and Fannie Mae. The loan, which consists of two $310 million tranches, originates with Deutsche Bank and will be repurchased by Fannie Mae. BRE has already drawn on the first $310 million and expects to draw the second in August. BRE put up 4,651 apartments in 15 properties as collateral to secure the loan.
ALBUQUERQUE, N.M. — Houston-based Option 1 Realty Group is opening its Unser Plaza Shopping Center, which is located on Unser Boulevard in Albuquerque. The $5.9 million center offers 30,000 square feet of retail and entertainment options. Currently signed tenants include High Desert Family Entertainment with Black Light Miniature Golf and family games; Pudge Bros. Pizza; Snap Fitness; HealthMart Pharmacy; Sandia Smiles Dental Center; Premier Spa & Nails and Jade Star Asian Bistro. The project was financed through Imperial Capital and Appian Capital.
SAN DIEGO — San Diego-based Malic Property Management has acquired National Avenue, a 37-unit apartment complex located at 4150 National Ave. in San Diego, for $1.64 million. Built in 1968, the property consists of 18 studios, 18 one-bedroom/one-bath units and one two-bedroom/one-bath unit. The seller was Steven K. Vorres and Cynthia J. Vorres, trustees of the Vorres Family Trust of San Marcos, Calif. Allen Chitayat and Josh Browar of Hendricks & Partners’ San Diego office represented the buyer in the transaction.