Western

CBRE Arranges Sale of 79,528 SF Office Building in Brea, California

by Amy Works October 28, 2025

BREA, CALIF. — CBRE has arranged the sale of an office property located at 120 S. State College Blvd. in Brea. A local private investor acquired the asset from an undisclosed seller for $19.5 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the seller in the deal. Built in 1985 and renovated in 2015, the 79,528-square-foot property is situated on 2.3 acres within Brea Place. At the time of sale, the property was fully leased to six tenants, including County of Orange, Calif., CareFusion, Whittier Filtration, HdL Cos. and Yellow Box Corp.

October 28, 2025

Acquisitions Industrial Self-Storage Utah Western

Marcus & Millichap Negotiates Sale of 63,630 SF Pink Door Storage & RV Facility in Magna, Utah

by Amy Works October 28, 2025

MAGNA, UTAH — The LeClaire-Schlosser Group of Marcus & Millchap has directed the sale of Pink Door Storage & RV, a 63,630-square-foot storage facility in Magna. A local development partnership sold the asset to Zoke Group for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller. Constructed in 2002, Pink Door Storage & RV features 445 self-storage units spread across seven single-story buildings with 220 drive-up units. Property amenities include a gate entry with a digital keypad, an onsite management office in front of the entrance gate, 24/7 surveillance, asphalt driveways, units with roll-up doors and covered RV and boat parking.

October 28, 2025

Acquisitions California Net Lease Restaurant Retail Western

Hanley Investment Group Brokers $4.3M Sale of Starbucks-Occupied Retail Property in Azusa, California

by Amy Works October 28, 2025

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant restaurant property at 843 Arrow Highway in Azusa. Los Angeles-based California Icon LLC sold the asset to Glendale, Calif.-based MTSA Properties for $4.3 million. The 3,800-square-foot Starbucks Coffee-occupied building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. The asset is secured by a new long-term absolute triple-net lease with minimal landlord responsibilities, according to Bill Asher of Hanley Investment Group. Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the deal.

October 28, 2025

Acquisitions Development Multifamily Nevada Western

Waterton, NRP Group Acquire Las Vegas Site for 368-Unit South Valley Apartments Project

by Amy Works October 27, 2025

LAS VEGAS — Waterton and The NRP Group have acquired an 8.5-acre site on South Las Vegas Boulevard in Las Vegas and financially closed for the development of South Valley Apartments. The project is the first partnership between Waterton and The NRP Group. South Valley will features 368 studio, one-, two- and three-bedroom floor plans with select one-bedroom units featuring dens spread across two four-story, elevator-serviced residential buildings. Units will include quartz countertops, subway tile backsplashes, stainless steel appliances in the kitchens and vinyl plank flooring. Community amenities will include an outdoor pool, two courtyards, outdoor seating areas with fire pits and grilling stations, a club lounge, coworking space and a conference room. Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is slated for mid-year 2027 with completion scheduled for early 2028.

October 27, 2025

Arizona Loans Multifamily Western

JLL Secures $19.5M Refinancing for Villas Las Mandarinas Multifamily Community in Tucson

by Amy Works October 27, 2025

TUCSON, ARIZ. — JLL Capital Markets has secured a $19.5 million loan for the refinancing of Villas Las Mandarinas, a multifamily property located at 4250 E. 29th St. in Tucson. Brad Miner and Drew Lydon of JLL arranged the fixed-rate loan through Santander Bank N.A. for the borrower, GDL Asset Management and GDL Property Management. Built in 1977 and renovated in 2023, Villas Las Mandarinas features 322 apartments, averaging 322 square feet, and modern amenities.

October 27, 2025

Acquisitions California Office Western

CBRE Negotiates Sale of 46,527 SF Stewart Plaza Office Property in Upland, California

by Amy Works October 27, 2025

UPLAND, CALIF. — CBRE has negotiated the sale of Stewart Plaza, a Class A office property located at 440 N. Mountain Ave. in Upland. A partnership between a local investor and a medical group acquired the asset from Stewart Plaza Owner LLC for $9 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Bryan Johnson of CBRE represented the seller in the deal. The three-story, 46,527-square-foot property has recently undergone more than $1 million in renovations, including a roof replacement, elevator modernization, HVAC replacements, lobby upgrades, new lobby and exterior furniture and a new digital directory.

October 27, 2025

Acquisitions California Retail Western

IPA Brokers Sale of 21,876 SF Echo Park Village Retail Center in Los Angeles

by Amy Works October 27, 2025

LOS ANGELES — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.

October 27, 2025

Tower-Plaza-Commercial-Center-Yucaipa-CA

Acquisitions California Healthcare Office Restaurant Retail Western

Progressive Real Estate Partners Arranges $7M Sale of Tower Plaza Commercial Center in Yucaipa, California

by Amy Works October 27, 2025

YUCAIPA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Tower Plaza Commercial Center, a retail and office property located at 34590-34664 County Line Road in Yucaipa. Greg Bedell of Progressive Real Estate Partners represented the seller, a private Inland Empire-based investor and the original developer of the property, while Tricia Cerda of REMAX Redlands represented the buyer, an Inland Empire-based private investor. Built in 1995, Tower Plaza Commercial Center offers 39,422 square feet of commercial space spread across three buildings. At the time of sale, the property was fully occupied by 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet.

October 27, 2025

Acquisitions California Multifamily Western

Demmon Partners Sells 272-Unit Multifamily Community in Sacramento for $54.6M

by Amy Works October 24, 2025

SACRAMENTO — Demmon Partners has completed the sale of The Falls at Arden, an apartment property located at 2345 Northrop Ave. in Sacramento. Jackson Square Properties, a locally based multifamily real estate investment company, acquired the asset for $54.6 million. Built in 1986, The Falls at Arden features 272 studio, one- and two-bedroom floor plans averaging 679 square feet. Ninety percent of the units have been renovated with luxury vinyl plank flooring, quartz countertops, stainless steel appliances and new cabinets. Community amenities include a pool with deck and spa, fitness center and a fully renovated clubhouse with a demonstration kitchen, game room and movie theater. Demmon Partners also added an outdoor fireplace, parcel locker room, secure indoor mail room, a pet spa and a bike storage room to the community amenities. At the time of sale, the property was 97 percent leased. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the deal. Ryan Greer and Trevor Breaux of CBRE arranged acquisition financing on behalf of the buyer.

October 24, 2025

Acquisitions Multifamily Washington Western

HB Management Buys Barkley Apartment Homes in Bellingham, Washington for $47.9M

by Amy Works October 24, 2025

BELLINGHAM, WASH. — HB Management has acquired Barkley Apartment Homes, a multifamily community in the Barkley neighborhood of Bellingham, from CEP Multifamily for $47.9 million, or $237,129 per unit. Ryan Harmon, Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the local buyer in the transaction. Built between 2001 and 2003, the 202-unit property features 17 residential buildings, a central leasing office, clubhouse, fitness center and a seasonal outdoor pool and spa. The one-, two- and three-bedroom floor plans offer washers/dryers, private decks or patios and storage space.

October 24, 2025

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