MINDEN, NEV. — Metcalf Builders has completed Valage Carson Valley, a senior living community in Minden. Situated on 4 acres, the 79,829-square-foot project offers 88 units, totaling 92 beds, with full-sized kitchens and dining areas. Community amenities include interior and exterior courtyards, an arbor and planters, as well as a wellness center for the assisted living and memory care community. The seniors housing project is valued at $25 million and owned by Valage Minden LLC.
ENGLEWOOD, COLO. — IRA Capital has acquired Reunion Inverness Physical Rehabilitation Hospital, a Class A inpatient rehabilitation facility (IRF) in Englewood, from a partnership between American Development & Investments, Brandon Holdings and Nobis Hospital Investments. Terms of the acquisition were not disclosed. Located at 372 Inverness Drive South, the three-story, 49,000-square-foot building is fully leased by Reunion Rehabilitation Hospitals on an absolute net lease structure with 22 years remaining. The purpose-built facility features 40 patient beds with scalability to 60 beds, two advanced therapy gyms, private patient rooms, outdoor courtyards, family gathering areas and a full-service café. John Witt and Ben Swanson of Quiver Investment, along with Chris Toci and Eric Wichterman of Cushman & Wakefield, represented the seller in the deal. Nobis Rehabilitation Partners, a third-party healthcare operator and manager, operates the Inverness facility.
CATHEDRAL CITY, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.2 million sale of a newly constructed, single-tenant retail property located in Cathedral City, approximately seven miles southeast of Palm Springs. A 3,700-square-foot Circle K convenience store occupies the building, which is situated within Cathedral Cove Center on a 20-year triple-net-lease with 10 percent rent increases every five years. Circle K is scheduled to open in fall 2025. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, Calif.-based Fountainhead Development, in the transaction. Joe Ahearn of Pinnacle Estate Properties represented the 1031 exchange buyer, a Ventura, Calif.-based private investor.
TUCSON, ARIZ. — Kc4e LLC has purchased an industrial building located at 1501 E. 21st St. in Tucson from Kash Property Management for $1.8 million. Paul Hooker and Robert Glaser of Cushman & Wakefield | PICOR represented the seller in the transaction.
MANTECA, CALIF. — EQT Real Estate’s EQT Exeter Industrial Value Fund VI has purchased a 2 million-square-foot portfolio of logistics facilities in Manteca. The four Class A buildings are located near interstates 5 and 99 and offer immediate access to a major Union Pacific intermodal terminal. The properties are fully leased to four tenants across a diverse set of industries with a weighted average lease term of less than three-and-a-half years. The buildings feature 36-foot clear heights, a mix of cross-dock and single-load configurations, ample trailer and auto parking spaces and truck maneuverability and circulation. Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers advised EQT Real Estate in the transaction.
FREDERICKSON, WASH. — Cushman & Wakefield has negotiated the sale of Building D within FRED310, an industrial park in Frederickson. Terms of the transaction were not released. Built in 2024, the multi-tenant building offers 753,069 square feet of Class A industrial space. Situated on 40.9 acres at 6921 192nd St. East, Building D is fully leased to two tenants. The first phase of FRED310 consists of four buildings (C, D, E and G) totaling 3.3 million square feet. The buildings offer ample dock-high and grade-level loading, 36- to 40-foot clear heights, ample auto/trailer parking and large modern truck courts. At full build-out, the industrial park is expected to expand to as much as 4 million square feet spread across six buildings. Jeff Chiate, Bryce Aberg, Jeffery Cole, Charlie Jacobs and Matthew Leupold of Cushman & Wakefield’s National Industrial Advisory Group — West represented the undisclosed seller in the deal. Scott Alan and Patrick Mullin of Cushman & Wakefield provided market advisory and lead marketing efforts for the project.
SAN MARCOS, CALIF. — Brixton Capital has acquired Civic Center Plaza, located at 125-157 Twin Oaks Valley Road in San Marcos, from the City of San Marcos for an undisclosed price. Developed in 2007 in conjunction with the city, the four-building retail center offers 60,000 square feet of retail space. At the time of sale, the property was 97 percent occupied. Current tenants include LA Fitness, FedEx, Subway, Robek’s, PizzaNova and Ryan Bros Coffee. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the city, while Brixton was self-represented in the transaction.
SAN DIEGO — Marcus & Millichap has arranged the sale of The Laurel at Balboa, a mixed-use property located at 2445 Fifth Ave. in San Diego. Grady Development and Fifth & Laurel Associates sold the asset to Golden Balboa LLC for $16.4 million. Situated in San Diego’s Bankers Hill neighborhood, the 42,363-square-foot property features ground-floor retail space anchored by CUCINA Urbana, operated by Urban Kitchen Group, and three levels of office space. Built in 1989, the asset includes 82 secured underground parking spaces and and was approximately 92 percent leased at the time of sale. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego Del Mar office represented the seller and procured the buyer in the deal.
CENTENNIAL, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a value-add retail center located at 5730 E. Otero Ave. in Centennial. M&M Holdings sold the strip center to KGN Investments for $1.8 million. At the time of sale, the eight-unit, 11,004-square-foot property was 50 percent vacant, with several tenants operating under modified gross leases and an atypical layout that included a non-traditional office component. In conjunction with the sale, the Pinnacle team secured a new lease with Scalp Therapy for a 1,424-square-foot space. Kyle Moyer, Cody Stambaugh and Elizabeth Morgan of Pinnacle Real Estate Advisors represented the seller and buyer in the deal.
PORTERVILLE, CALIF. — Tutor Perini Building Corp. — a subsidiary of civil, building and construction company Tutor Perini Corp. — has been awarded a $220 million contract to construct an expansion of the Eagle Mountain Casino in Porterville. The casino is located at 1850 West St., which is about 50 miles north of Bakersfield, Calif., and adjacent to the Porterville Fairgrounds. Tutor Perini will build the development on behalf of the Tule River Gaming Authority, which is operated by the Tule River Indian Tribe of California. Eagle Mountain Casino opened in 2023, replacing another casino that the Tule River Tribe had operated on the site since 1996. Dubbed the Eagle Mountain Casino Phase 2 Expansion, the project is scheduled to begin construction this summer. Substantial completion of the development is expected in 2027. Upon completion, the new phase will feature a 193-room tower with a rooftop restaurant; a central warehouse and offices; expansion of an existing restaurant; a new, 2,000-seat events center with convention space, breakout meeting rooms, pre-function space; and hotel amenities including a new spa, arcade and swimming pool. According to the Eagle Mountain Casino website, the current casino features 1,750 new and classic slot machines and 20 …
