Western

693-749-Channel-Islands-Blvd-Port-Hueneme-CA

Align REI Receives $29.5M in Financing for Oliveira Plaza Retail Center in Port Hueneme, California

by Amy Works September 9, 2025

PORT HUENEME, CALIF. — Align REI has received $29.5 million in financing for Oliveira Plaza, neighborhood retail center in Port Hueneme in Ventura County, Calif. Greg Brown, Spencer Seibring and Nick Englhard of JLL Capital Markets secured the three-year bridge loan with a debt fund. Loan proceeds are being used to reposition a big box space at property for a new Sprouts Farmers Market. Situated on 9.3 acres at 693-749 Channel Islands Blvd., Oliveira Plaza features 116,035 square feet of retail space. Originally built in 1975 and updated over the years, Oliveira Plaza was 80 percent leased to a variety of of tenants, including West Marine Products, Dollar Tree, Bank of America, Panda Express and Carl’s Jr.

September 9, 2025

Acquisitions Retail Washington Western

Curbline Properties, Agree Realty Buy 125,204 SF Lacey Marketplace in Washington

by Amy Works September 9, 2025

LACEY, WASH. — Curbline Properties and Agree Realty have separately acquired portions of Lacey Marketplace, a 125,204-square-foot power shopping center in Lacey. Dino Christophilis and Daniel Tibeau of CBRE represented the undisclosed seller in the deals. Curbline Properties purchased the 31,885-square-foot retail component located at 1350 Marvin Road NE. Current tenants of the fully occupied property include Panera Bread, Mattress Firm, BECU, Verizon, Cutter’s Point Coffee and Panda Express. Agree Realty acquired the 93,319-square-foot big box component located at 1200 Marvin Road NE for $21 million. Boot Barn, La-Z-Boy, Petco, Ross Dress for Less and Ulta Beauty are tenants at the fully occupied component.

September 9, 2025

California Loans Office Western

Gantry Secures $25M Refinancing for Creative Office Building in Palo Alto, California

by Amy Works September 9, 2025

PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.

September 9, 2025

Acquisitions California Healthcare Western

CBRE Arranges Sale of 26,596 SF Imperial Medical Plaza in La Mirada, California

by Amy Works September 9, 2025

LA MIRADA, CALIF. — CBRE has arranged the sale of Imperial Medical Plaza, a medical outpatient building located at 15651 Imperial Highway in La Mirada. Ethan Christopher LLC sold the asset to a Los Angeles-based private investor. The two-story, 26,596-square-foot property was 91 percent leased by a variety of medical service providers at the time of sale. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Chris Manassero of CBRE represented the seller in the deal.

September 9, 2025

Acquisitions Arizona Colorado Company News Retail Top Stories Western

PNC Agrees to Acquire FirstBank for $4.1B, Adding 95 Retail Branches in Colorado and Arizona

by John Nelson September 9, 2025

PITTSBURGH AND LAKEWOOD, COLO. — The PNC Financial Services Group Inc. (NYSE: PNC) has entered into a definitive agreement to acquire Lakewood-based FirstBank Holding Co., including its banking subsidiary FirstBank, in a deal valued at $4.1 billion. Founded in 1963, FirstBank Holding has $26.8 billion in assets under management as of June 30 and provides commercial and retail banking services across Colorado and Arizona. The bank operates 95 FirstBank retail bank branches. PNC plans to retain all of FirstBank’s retail branches, as well as the onsite banking team members. The bank branches will be rebranded as PNC Bank branches following the closing of the merger, after which FirstBank will be fully merged into PNC Bank NA. “For decades, FirstBank has been proud to serve Colorado and Arizona with a strong community focus, deep customer relationships and dedicated commitment to our employees,” says Kevin Classen, CEO of FirstBank. “In PNC, we have found a partner that not only values this legacy but is committed to building on it. Their scale, technology and breadth of financial services will allow us to offer even more to our customers, while ensuring that our employees and communities continue to thrive.” Upon completion of the merger, Classen …

September 9, 2025

California Development Loans Multifamily Seniors Housing Western

JLL, HJ Sims Secure $80.1M in Tax-Exempt Bond Financing for Sunrise Senior Living Community in Long Beach

by Amy Works September 8, 2025

LONG BEACH, CALIF. — JLL Capital Markets and HJ Sims have closed $80.1 million in tax-exempt bond financing for the development of Sunrise of Long Beach, a Sunrise Senior Living community in Long Beach. On behalf of Quality Senior Housing Foundation and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. Located at 3340 N. Los Coyotes Diagonal, the two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include generously sized studio layouts with private bathrooms, kitchenettes with refrigerators and individually controlled HVAC systems, while memory care offerings will include both private studios and shared suites designed to accommodate couples or roommate preferences. Community amenities will include a wellness center, multiple dining venues, including a formal dining room and casual bistro, a library, theater room, fitness center, beauty salon and four secure landscaped courtyards. The project team includes Sunrise Development as developer, W.E. O’Neil Construction Co. as general contractor and HPI Architecture providing design services. Construction is slated for completion in first-quarter 2027.

September 8, 2025

Acquisitions Multifamily Washington Western

Kidder Mathews Negotiates Sale of Four-Property Multifamily Portfolio in Metro Seattle

by Amy Works September 8, 2025

KENT, SEATTLE AND SHORELINE, WASH. — The Simon | Anderson Multifamily team at Kidder Mathews has completed the sale of a four-property apartment portfolio in the Seattle area. John Stephanus sold the four-property portfolio and used the proceeds to acquire The Postmark, a 243-unit multifamily community in Shoreline. The purchase was executed through a series of transactions that were previously announced in August. The portfolio includes the 108-unit Swiss Gables Apartments in Kent, the 67-unit Charbern Apartments in Seattle’s Capitol Hill, the 76-unit Stockbridge Apartments in Seattle’s First Hill and the 72-unit Carolina Court Apartments in Seattle’s South Lake Union. Delivered in 2020, The Postmark offers 243 studio, one-, two- and three-bedroom units with high-end finishes and modern layouts. Amenities include a fitness center, yoga studio, resident lounge, rooftop deck, package lockers, bike storage and secure parking. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of the Simon | Anderson Multifamily team at Kidder Mathews represented John Stephanus in the transactions.

September 8, 2025

Acquisitions Arizona Multifamily Western

IPA Arranges Sale of 196-Unit Multifamily Property in Tucson

by Amy Works September 8, 2025

TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Casa Estrella del Norte, an apartment community in Tucson. Hamid Panahi, Clint Wadlund, Steve Gebing and Cliff David of IPA represented the seller and procured the buyer. Terms of the deal were not released. Built in 1959 on 7.4 acres, Casa Estrella del Norte features 196 studio and one-bedroom apartments spread across eight residential buildings and a standalone clubhouse.

September 8, 2025

Acquisitions Colorado Hospitality Western

Prime Investment Properties Brokers Sale of Silver Ridge Lodge in Salida, Colorado

by Amy Works September 8, 2025

SALIDA, COLO. — Prime Investment Properties has arranged the sale of Silver Ridge Lodge in Salida. An undisclosed California-based buyer acquired the motel for an undisclosed price. The recently renovated motel features 35 guest rooms, an owner’s quarters and a four-unit building dedicated to staff housing. Dan Emert of Prime Investment Properties and Hotel Brokers International represented the undisclosed seller and assisted the buyer in the transaction.

September 8, 2025

Acquisitions Arizona Industrial Western

Sword Industrial Partners Acquires 135,000 SF Mountain Vista Commerce Center in Phoenix

by Amy Works September 8, 2025

PHOENIX — Sword Industrial Partners has purchased Mountain Vista Commerce Center, a three-building industrial complex in Phoenix’s Southwest Valley. Sword Industrial Partners was formed by MAG Capital Partners and Scott Word to pursue multi-tenant infill industrial properties in the Western United States. Located at 14647 S. 50th St., the 135,000-square-foot Mountain Vista Commerce Center features 18-foot clear heights, 33 grade-level roll-up doors and flexible floor plates of varying bay depths. At the time of sale, the warehouse asset was fully leased to tenants in engineering, real estate and light manufacturing. Eric Wichterman, Chris Toci, Mike Coover, Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield represented the seller, a Dallas-based private fund. Terms of the transaction were not released.

September 8, 2025

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