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74785-Highway-111-Indian-Wells-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

Progressive Real Estate Partners Brokers $10.5M Sale of Indian Wells Medical & Professional Center in California

by Amy Works

INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.

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Livelle-Mulholland-Woodland-Hills-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

CCI to Develop 236-Unit Senior Living Community in Southern California

by Amy Works

WOODLAND HILLS, CALIF. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles. Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community.  Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms.  Construction is scheduled to begin in the second quarter of 2026, with a grand opening planned for the second half of 2028. The project team includes architect Perkins Eastman and engineer KPFF. Envicom is handling environmental and land planning, and Carlberg Associates and Brenner Consulting Group are responsible for horticulture and permit administration, respectively. 

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Synergy-Medical-Center-Englewood-CO
ColoradoHealthcareLoansWestern

Värde Provides $48M Refinancing for Synergy Medical Center in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — Värde Partners, a global investment firm specializing in credit and credit-related assets, has closed a $48 million loan to refinance Synergy Medical Center in Englewood. Newmark’s Ramsey Daya, Chris Moritz and Grant Gooding arranged the three-year, floating-rate loan for the sponsor. Constructed in 2021 on the Swedish Medical Center campus, the 104,000-square-foot medical office building is 80 percent leased to a variety of medical tenants. HCA HealthOne, as the largest tenant, operates an ambulatory surgery center as well as specialized clinics for neurosurgery, orthopedics and physical therapy.

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Ventura-Villas-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

Northmarq Brokers $32M Sale of Ventura Villas Multifamily Property in Tucson

by Amy Works

TUCSON, ARIZ. — Pacific Transwest — Nevada has acquired Ventura Villas in Tucson for $32 million. The seller was a limited liability company doing business as RDM Tucson. Northmarq arranged the sale and represented the seller. Built in 1989, Ventura Villas features one- and two-bedroom units averaging 606 square feet. The community features a resort-style pool, basketball court, playground and laundry facilities. Northmarq’s Phoenix-based multifamily investment sales team was led by Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca. Ventura Villas is located at 6200 S. Campbell Ave.

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3797-Silverado-Ct-Gilbert-AZ
AcquisitionsArizonaIndustrialWestern

Simone Charitable Foundation Buys 60,500 SF Frito-Lay Regional Distribution Center in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Simone Charitable Foundation has acquired a logistics facility located at 3797 S. Silverado Court in Gilbert from ATLAS for $26.8 million. Brian Ackerman of Colliers represented the buyer, while Will Strong of Cushman & Wakefield represented the seller in the deal. The 60,500-square-foot property serves as a regional distribution center for Frito-Lay, a division of PepsiCo. Delivered in 2024, ATLAS developed the property as a build-to-suit for PepsiCo Global Real Estate, and the facility is leased on a long-term basis. The asset features a 161-foot building depth, 130-foot truck court and more than 2 acres of secured concrete yard.

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Vernon-Industrial-LA-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $21M Refinancing for Multi-Tenant Industrial Property in Los Angeles

by Amy Works

LOS ANGELES — PSRS has arranged $21 million in refinancing for a 213,990-square-foot multi-tenant industrial warehouse in Los Angeles. Built in 1955, the property features a clear height of 22 feet and 13 exterior drive-in docks. Jonny Soleimani and George Gianoukakis of PSRS arranged the nonrecourse loan that features a two-year term with a one-year extension option, full-term interest-only payments and a one-year prepayment penalty through one of PSRS’ correspondent life insurance company lenders.

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SDCCD-Michaels-Org-Apts-San-Diego-CA
Affordable HousingCaliforniaDevelopmentMultifamilyStudent HousingWestern

San Diego Community College District, Michaels Break Ground on 787-Bed Affordable Student Housing Community 

by Amy Works

SAN DIEGO — A partnership between the San Diego Community College District (SDCCD) and The Michaels Organization has broken ground on a 787-bed student housing development at 1601 B St. in downtown San Diego. The seven-story community, designed by TCA Architects, will offer 283 affordably priced units. Shared amenities are set to include study lounges, tutoring spaces, a mental health and wellness center, outdoor courtyards, shared kitchens, a basic needs food pantry and a rooftop lounge. The community will be the first development by the SDCCD and is scheduled for completion in fall 2028.

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ColoradoDevelopmentMultifamilyWestern

Thompson Thrift to Develop 336-Unit Multifamily Community in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Thompson Thrift plans to develop Venture on Venetucci, a 336-unit apartment property in Colorado Springs, with delivery slated for March 2027. The Thompson Thrift 2025 Multifamily Development LP will provide equity capital for the development. Situated on 16.5 acres at 4446 Venetucci Blvd., Venture on Venetucci will feature one-, two- and three-bedroom apartments averaging 1,000 square feet. Each residence will include premium interior finishes, such as quartz countertops, stainless steel appliances, glass-top ranges, tile backsplashes and hardwood-style floorings. Other unit amenities will include large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access and an Amazon package hub. Community amenities will include a fully equipped fitness center with 24-hour access, a heated swimming pool, community grilling areas, a pickleball court, billiards, shuffleboard, dog park, pet spa with grooming stations and a resident business center with a conference room and focus suites.

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Cimarron-Apts-Mesa-AZ
AcquisitionsArizonaMultifamilyWestern

Rockwell Property Co. Acquires Cimarron Apartments in Metro Phoenix for $33M

by Amy Works

MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. The acquisition marks Rockwell’s sixth purchase in Arizona and the first in the city of Mesa. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an interior courtyard, a fitness center, a resort-style pool and hot tub, a dog park and a lawn games area. Rockwell is planning a value-add program that will focus on select unit upgrades and amenity enhancements. The site includes developable land for additional apartments on the northeast corner of the site.

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Palmilla-Center-Phoenix-AZ.jpg
AcquisitionsArizonaCaliforniaRetailWestern

Brixton Capital Forms JV with TriPost to Recapitalize Two Retail Centers in Arizona, California

by Amy Works

BEAUMONT, CALIF. AND PHOENIX — Brixton Capital has recapitalized two of its grocery-anchored retail properties in a joint venture with TriPost Capital Partners, which acquired a stake in the two-property portfolio. This transaction marks the second investment out of TriPost’s Asset Solutions strategy. The portfolio includes Marketplace Beaumont, a 177,000-square-foot shopping center in Beaumont, and Palmilla Center, a 104,000-square-foot property in Phoenix. Marketplace Beaumont is 99 percent occupied by Aldi, Ross, HomeGoods and Best Buy, and Palmilla Center is 99 percent occupied by OfficeMax, PetSmart and Dollar Tree.

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