CASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units. A regional owner-operator seeking to expand its footprint in the state acquired the property for an undisclosed price. The seller was a local owner-operator exiting the industry. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB brokered the transaction.
— By Tim Donald of JLL Capital Markets — When investment capital flows into Orange County’s office market today, it’s revealing a fundamental shift that sophisticated investors can’t afford to ignore: the distinction between quality and commodity office space has never been more pronounced, and that gap is only widening. The challenge for many investors has been identifying opportunities that offer both stability and upside in an environment where traditional core assets provide minimal growth while pure value-add plays carry significant execution risk. What we’re seeing emerge in Orange County is a compelling middle ground, deals that feel core-plus but deliver value-add returns, and there’s substantial liquidity chasing these opportunities. The Tier System Reshapes Investment Strategy JLL’s national office team has developed a tiering system that divides office properties into distinct quality categories based on amenities, location and tenant appeal. In Orange County, this frame-work has revealed a market operating on fundamentally different planes. Tier I assets, representing a small fraction of the county’s inventory, are demonstrating exceptional resilience while Tier II properties continue to attract significant tenant and investor interest. This isn’t just academic categorization. The performance differential shows that investors are willing to pay premiums for assets with clear …
PHOENIX — Workspace Property Trust has completed the disposition of a two-building office campus in Phoenix. An affiliate of Wentworth Property Co. acquired the property for an undisclosed price. Totaling 238,500 square feet, the campus includes two three-story buildings with 39,750-square-foot floor plates. Onsite amenities include a fitness center with locker rooms, a large kitchen, electric vehicle charging stations, multiple indoor and outdoor work areas and loading docks. Originally built in 2001, the asset offers flexible configurations suitable for a range of tenant needs. The campus is located at 25500-25600 N. Norterra Drive. Wentworth plans to invest in the property, including a full mechanical engineering upgrade and new food, wellness and training amenities. Jim Bayless and Ashley Brooks Jr. of CBRE advised on the transaction. The team will handle leasing for the property on behalf of Wentworth, with Wentworth Property Management managing the campus.
WESTWOOD, CALIF. — Newmark has arranged the sale of 10918-10926 Le Conte Avenue, a land site with a 9,647-square-foot office building in Westwood. An undisclosed buyer acquired the asset from Le Conte Westwood Development for $38.2 million. Ryan Plummer of Newmark, along with WESTMAC’s Willa McNamara Fields and Jim Burnap, represented the seller. Newmark’s David Kluth and JLL’s Aliya Coher represented the buyer in the off-market transaction. The buyer’s plans for the new development on the site will be released in the upcoming months.
WEST COVINA, CALIF. — Phillips Edison & Co. has acquired Shops at Plaza West Covina, a retail property located at 310 S. California Ave. in West Covina, from an undisclosed seller for $25.8 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL Capital Markets represented the seller in the deal. At the time of sale, the 46,406-square-foot property was 88 percent occupied. Current tenants include Bank of America, Jamba, Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill, Gen Korean BBQ House and other specialty retailers.
SEATTLE — Gantry has secured a $10.2 million permanent loan to refinance the historic Terminal Sales office building in downtown Seattle. Located at 1932 1st Ave., adjacent to Pike Place Market, the 11-story, 92,400-square-foot building was originally delivered in 1925. The property was eventually renovated to serve as modern creative office space and includes street-level retail space. Mike Wood and Tim Brown of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate nonrecourse loan was secured by Gantry’s network of insurance company correspondent lenders with 25-year amortization. Gantry will service the loan for the lender.
LITTLETON, COLO. — Vista Residential Partners has closed on financing for the development of Highline Vista, a four-story garden-style multifamily property in Littleton. Vertical construction is slated to commence in August 2026, with first residents scheduled for mid-2027 and full completion for late 2027. Situated approximately 14 miles south of downtown Denver, Highline Vista will offer 172 studio, one-, two- and three-bedroom apartments spread across three four-story residential buildings on 5.6 acres. Apartments will feature stainless steel appliances, quartz countertops, vinyl plank flooring, nine-foot ceilings, in-unit washers/dryers and open layouts. Planned community amenities will include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor amenity pavilions and a community park. Apex Multifamily Construction, a Vista affiliate, is serving as general contractor, and Rosemann Architects is designing the project.
FONTANA, CALIF. — DAUM Commercial Real Estate Services has arranged the sale of an industrial distribution building located at 6260 Mango Ave. in Fontana. Magellan Value Partners sold the asset to an undisclosed buyer for $30.2 million. The end user is a clothing-based distribution company based out of New Jersey. The property offers 113,930 square feet of Class A space with a clear height of 32 feet, 19 dock-high doors and options for expandable power. Noah Samarin, David Gores and Gary Womack of DAUM represented the seller, while DAUM’s Steve Haston, along with LA Commercial’s John Lasiter, represented the buyer in the transaction.
CARLSBAD, CALIF. — PSRS has arranged $6.7 million in construction financing for a shopping center in Carlsbad. The project is a ground-up, partially preleased multi-tenant retail development. Trevan Swierczewski and Alexander Santulis of PSRS secured the nonrecourse financing, with a high-leverage structure, through a local debt fund. The financing features a 24-month term with two six-month extension options.
EAGLE RIVER, ALASKA — Angelic Real Estate Holdings, along with its institutional partner JDI Realty, has purchased 17101 Snowmobile Lane in Eagle River, a suburb of Anchorage. Terms of the transaction were not released. Completed in 2008, the two-story building offers just under 20,000 square feet of rentable medical office space. The new ownership plans to upgrade the property with advanced digital building monitoring and control systems, as well as some aesthetic interior and exterior improvements. Since 2021, Angelic has owned the sibling medical office building in Palmer, Alaska, a 25-minute drive from the Eagle River asset. The acquisition was financed with a loan from First National Bank Alaska, procured by Angelic Real Estate, the affiliated brokerage arm of Angelic Real Estate Holdings.