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Holmby-Hall-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

Kidder Mathews Negotiates $32.7M Sale of Holmby Hall Retail Building in Los Angeles

by Amy Works

LOS ANGELES — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in Los Angeles’ Westwood Village submarket. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, handled the transaction. Details of the transaction were not released. Located at 921 Westwood Blvd., Holmby Hall offers 50,790 square feet of retail space. Built in 1929 in Spanish Colonial Revival style, the property features a 110-foot clock tower designed by Gordon Kaufmann and John Parkinson. The building is a designated Historic-Cultural Monument.

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AcquisitionsArizonaIndustrialWestern

FD Stonewater Acquires 326,474 SF Industrial Facility in Yuma, Arizona

by Amy Works

YUMA, ARIZ. — FD Stonewater’s STAR Evergreen Fund has purchased Alside Manufacturing and Distribution Center in Yuma for an undisclosed price. The asset was acquired through the STAR Fund’s UPREIT structure, providing original investors the opportunity to receive OP Units allowing for a tax-deferred transaction. Associated Materials fully occupies the 326,474-square-foot property, which was purpose-built for the tenant in 2005.

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145-N-Pacific-St-San-Marcos-CA
AcquisitionsCaliforniaIndustrialWestern

Stos Partners Sells 10,000 SF Industrial Property in San Marcos, California

by Amy Works

SAN MARCOS, CALIF. — Stos Partners has completed the disposition of 145 N. Pacific Street in San Marcos to a private buyer, finalizing the disposition of its Benchmark Portfolio. The two-property portfolio sold for a combined $10.9 million. The Benchmark Portfolio comprised two freestanding industrial warehouses totaling 28,000 square feet in the submarkets of San Marcos and Poway, Calif. Both properties feature low site coverage and excess land. Stos Partners acquired the portfolio in 2020 in a joint venture with RanchHarbor for $6.1 million through an off-market transaction from an owner-user, which completed a five-year sale-leaseback at closing. Stos Partners implemented targeted capital improvements, repositioning the assets. The company sold the 18,000-square-foot property at 12575 Stowe Drive in Poway in July 2025 for $6.5 million. Tim Clepper of San Diego Commercial represented Stos Partners in the Poway deal. Matt Pourcho, Anthony DeLorenzo and Nick Williams of CBRE represented Stos Partners, while Josh West of Voit Real Estate Services represented the buyer in the San Marcos transaction.

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Rise-Mountain-Ridge-Mesa-AZ
AcquisitionsArizonaMultifamilyWestern

Rise48 Equity Buys 154-Unit Multifamily Community in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Rise48 Equity has expanded its Arizona footprint with the purchase of a 154-unit apartment property in Mesa. Terms of the transaction were not released. Rise48 Equity will rebrand the property, formerly known as Emparrado Apartments, as Rise Mountain Ridge. The company plans to renovate all of the units to its Diamond and Gold finish levels. Upgrades will include new stainless steel appliances, vinyl plank flooring, white Shaker cabinet doors, resurfaced countertops and modern plumbing and lighting fixtures. Additionally, 39 percent of the units (60 units) will receive in-unit washers and dryers. Rise48 will also implement exterior improvements, including updates to landscaping, pool and amenity spaces, signage and community branding.

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Marigold-Two-Pack-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

JLL Brokers Sale of Two-Building Industrial Portfolio in Phoenix

by Amy Works

PHOENIX — JLL Capital Markets has arranged the sale of Marigold Two-Pack, a two-building, 237,765-square-foot industrial portfolio in metro Phoenix. An Ares Real Estate fund acquired the asset for an undisclosed price. Ares Industrial Management will manage the portfolio, which consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The buildings offer secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low office build-out. At the time of sale, the assets were fully leased to six tenants. Ben Geelan and Greer Oliver of JLL represented the undisclosed seller in the transaction.

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ECHO-Suites-Chandler-AZ
ArizonaHospitalityLoansWestern

Concord Summit Capital Secures $12.2M Construction Loan for ECHO Suites Hotel in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Horton, John Choi and Connor Martz of Concord Summit structured the financing for the borrower, which is a repeat client. Last year, Concord Summit secured financing for the client for an ECHO Suites project in Peoria, Ariz.

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PSRS-Retail-San-Diego-CA
CaliforniaLoansRetailWestern

PSRS Arranges $6.7M Refinancing for Retail Center in San Diego

by Amy Works

SAN DIEGO — PSRS has arranged $6.7 million in refinancing for a shopping center in San Diego. Totaling 65,000 square feet, the multi-tenant two-building property is occupied by Smart & Final, AutoZone and Big 5 Sporting Goods. Additionally, Burger King occupies a drive-thru restaurant pad site on a ground lease. Trevan Swierczewski and Alexander Santulis of PSRS secured the nonrecourse loan that was structured with a 15-year term and 15-year amortization.

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AcquisitionsCaliforniaIndustrialWestern

Marcus & Millichap Brokers $1.3M Sale of Industrial Property in Thousand Oaks, California

by Amy Works

THOUSAND OAKS, CALIF. — Marcus & Millichap has arranged the sale of a 51,401-square-foot industrial redevelopment site at 670 Lawrence Drive in Thousand Oaks. The asset traded for $1.3 million. The names of the buyer and seller were not released. Christian Desnoes of Marcus & Millichap represented both parties in the transaction.

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Lincoln-Park303-Glendale-AZ
AcquisitionsArizonaIndustrialWestern

Dollar Tree Enters Metro Phoenix Industrial Market with 1.3 MSF Acquisition from Lincoln

by Amy Works

GLENDALE, ARIZ. — Lincoln Property Co. has completed the sale of a 1.25 million-square-foot industrial building in Glendale, Ariz., to Dollar Tree for $147.1 million. Park303 totals 210 acres and 3.75 million square feet of industrial space. Built in two phases, Park303 features a 1.25 million-square-foot single-building Phase 1 and a 2.5 million-square-foot, three-building Phase 2. Dollar Tree purchased Park303 Phase 2 Building C to establish the company’s first regional distribution facility in the metro Phoenix market. Dollar Tree currently operates more than 9,000 stores and 18 distribution centers, employing approximately 150,000 associates across the United States and Canada. All Park303 Phase 2 buildings are LEED-certified and Foreign Trade Zone capable with 40-foot clear heights, 25-foot tall glass entries, up to 12,000 amps of power, 7-inch slab over 4-inch crushed rock and steel moment frame shear bracing supporting automated racking and picking equipment. Together the buildings offer 430 dock doors, 778 trailer stalls and more than 1,556 parking stalls. Park303 amenities include speculative office space, an outdoor pickleball and basketball court and an outdoor entertainment area with barbecues, overhead fans and seating. Lincoln serves as the property manager and leasing agent for Park303. Reid Wilbraham and Cooper Fratt of Cushman & …

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Avondale-Apts-Las-Vegas-NV
AcquisitionsMultifamilyNevadaWestern

FCP Acquires 560-Unit Avondale Apartments in Las Vegas

by Amy Works

LAS VEGAS — FCP has entered the Las Vegas market with the purchase of The Avondale Apartments, a multifamily property within the Peccole Ranch master-planned community. Located at 9225 W. Charleston Blvd., The Avondale Apartments offers 560 one-, two- and three-bedroom units in three-story residential buildings. Each residence features hardwood floors, stainless steel appliances, patios or balconies, fireplaces, in-unit washers/dryers, garden soaking tubs and a gas stove. Community amenities include three resort-style swimming pools, a 4,000-square-foot fitness facility, racquetball court, spin room, two dog parks and a dog washing station. Adam Schmitt, Spence Ballif, Jannie Mongkolakulkit and Justin Neubeck of CBRE represented the buyer in the deal. Maxi Leachman, John Knies and Sallie Ann Seiders of CBRE arranged acquisition financing.

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