Tuesday, September 9, 2025
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4645-E-Cotton-Center-Blvd-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Voit Negotiates $10M Sale of Multi-Tenant Office Building in Phoenix

by Amy Works

PHOENIX — Voit Real Estate Services has arranged the purchase of 4645 E. Cotton Center Boulevard, a multi-tenant office property in Phoenix. PRH XXXXV LLC, a private investor, acquired the asset for $10 million, or $86 per square foot, from an undisclosed seller. Situated within Cotton Corporate Center, the 116,858-square-foot property underwent $9.4 million in renovations and capital improvements over the past decade. Mike Bench of Voit represented the buyer, while Chris Toci, Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller in the deal.

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AcquisitionsMultifamilyOregonSeniors HousingWestern

SLIB Arranges Sale of Vacant 44-Unit Seniors Housing Community in Metro Portland

by Amy Works

SANDY, ORE. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mount Hood Senior Living, a vacant 44-unit assisted living and memory care community located in Sandy, roughly 30 miles southeast of Portland. Totaling 26,000 square feet, the property was updated in 2022. A local operator acquired the community, which it plans to reopen. Jason Punzel, Vince Viverito, Brad Goodsell, Jake Anderson and Taylor Graham of SLIB brokered the transaction. 

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AcquisitionsColoradoIndustrialWestern

Unique Properties Brokers $2.2M Sale of Industrial Property in Denver

by Amy Works

DENVER — Unique Properties/TCN Worldwide has arranged the $2.2 million sale of an industrial building located at 5101 Columbine St. in Denver. Sam Leger, Jack Gitlin and Graham Trotter of Unique Properties/TCN Worldwide represented the undisclosed seller in the deal. The name of the buyer was not released.

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The-Concourse-City-of-Industry-CA
AcquisitionsCaliforniaIndustrialWestern

MetLife Sells Golden Coast Industrial Portfolio in Southern California for $165.5M

by Amy Works

CARLSBAD, CITY OF INDUSTRY AND REDONDO BEACH, CALIF. — MetLife Investment Management has completed the sale of the Golden Coast Portfolio, an industrial portfolio totaling 600,000 square feet in Southern California. The portfolio includes three buildings in Carlsbad, City of Industry and Redondo Beach that were acquired by three separate buyers for a total price of $165.5 million. Jeff Chiate, Rick Ellison, Matt Leupold, Bryce Aberg, Aubrie Monahan, Jeff Cole and Charlie Jacobs of Cushman & Wakefield represented the seller and procured the buyers in the transactions. TA Realty acquired The Concourse, a 420,697-square-foot industrial business park in City of Industry. The property offers 69 dock-high doors, nine grade-level doors and a 160-foot truck court. Terreno purchased The Redondo Beach Two Pack, a 99,340-square-foot property that features 16 dock-high doors, three grade-level doors and a clear height of 16 feet. GID acquired Carlsbad Oaks Business Park, a 78,143-square-foot property with clear heights ranging from 22 to 26 feet, grade and dock loading capabilities, and an efficient warehouse and office layout.

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ArizonaDevelopmentIndustrialLoansWestern

Essex Real Estate Capital Secures $46M Construction Loan for Chandler Innovation Park in Arizona

by Amy Works

CHANDLER, ARIZ. — Essex Real Estate Capital Advisors has secured a $46 million construction loan for Chandler Innovation Park, a Class A speculative industrial development in Chandler. The sponsor is Colorado-based DPC Development Cos. The loan was secured through Principal Asset Management. Situated on 21.3 acres, Chandler Innovation Park will feature a 39,387-square-foot building, a 99,222-square-foot building and a 189,167-square-foot asset. The three buildings will be front-park, rear-load facilities designed for manufacturing and logistics users. Construction began in July 2025, with completion scheduled for August 2026. Alcorn Construction is serving as general contractor. Lee & Associates is handling leasing for the project.

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Orangewood-Corporate-Plaza-Orange-CA
AcquisitionsCaliforniaOfficeWestern

CBRE Brokers $18.9M Sale of Orangewood Corporate Plaza Office Campus in Orange, California

by Amy Works

ORANGE, CALIF. — CBRE has arranged the sale of Orangewood Corporate Plaza, a two-building office campus in Orange. Khoshbin Co. acquired the asset from an undisclosed seller for $18.9 million. Anthony DeLorenzo, Bryan Johnson and Sammy Cemo of CBRE represented the seller in the transaction. Matt Didier, David Dowd and Jennifer Whittington of CBRE advised the seller on the sale. Located at 2100-2200 Orangewood Ave., the 109,644-square-foot campus was 84 percent leased at the time of sale. The property features high-end finishes, subterranean parking and recent capital improvements totaling more than $3.3 million. Renovations included upgrades to HVAC systems, roofing, landscaping and interior common areas.

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Swiss-Gables-Apts-Kent-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Negotiates Sale of 108-Unit Swiss Gables Apartments in Kent, Washington

by Amy Works

KENT, WASH. — Kidder Mathews has arranged the sale of Swiss Gables Apartments, a multifamily property in Kent’s Lake Fenwick neighborhood. A private investor acquired the asset from John Stephanus for an undisclosed price. Dylan Simon, Jerrid Anderson, JD Fuller and Elijah Piper of the Simon | Anderson Multifamily team at Kidder Mathews represented the seller and sourced the buyer in the deal. Built in 1969, Swiss Gables offers 108 apartments averaging 870 square feet with in-unit laundry spread across seven buildings on 5 acres.

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Shiraz-Rug-Palm-Desert-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Arranges $1.8M Sale of Retail Property in Southern California

by Amy Works

PALM DESERT, CALIF. — Progressive Real Estate Partners has negotiated the $1.8 million sale of a 5,000-square-foot freestanding retail building located in the Downtown Edge District of Palm Desert. The buyer, a family that owns and operates the neighboring Shiraz Rug Co., acquired the building to expand the store’s operations by an additional 5,000 square feet. Heather Sharp of Progressive Real Estate arranged the sale.

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Arya-Apts-Culver-City-CA
CaliforniaLoansMultifamilyWestern

Helio Group Receives $58M Loan for Refinancing of Arya Apartments in Culver City, California

by Amy Works

CULVER CITY, CALIF. — Helio Group has received $58 million in refinancing for Arya Apartments, a Class A multifamily property in Culver City. Jeff Sause, Chad Morgan, Jacob Michael and Danny Ryan of JLL represented the borrower in arranging the floating-rate loan with Canyon Partners Real Estate. Arya Apartments features 38 studio units, 36 one-bedroom units and 45 two-bedroom units with luxury finishes and smart home technology. The community includes a fitness center with Technogym equipment, a rooftop lounge with barbecue areas, a coworking lounge with conference room, electric vehicle charging stations and a future rooftop pool.

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789-W-Harbor-Dr-San-Diego-CA
AcquisitionsCaliforniaRetailWestern

JLL Negotiates $34.9M Sale of Waterfront Retail Center in San Diego

by Amy Works

SAN DIEGO — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, an open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. Located at 789 W. Harbor Drive, The Headquarters features 73,823 square feet of retail space. The former San Diego Police headquarters complex was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. At the time of sale, the property was 83.3 percent leased. Current tenants include Eddie V’s, The Cheesecake Factory, Puerto, Galpão Gaucho Brazilian Steakhouse, Wedgewood Weddings and Starbucks Coffee. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller in the transaction. Gregg Shapiro and John Marshall of JLL assisted with the deal.

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