STEAMBOAT SPRINGS, COLO. — Brinkman Real Estate has completed the disposition of Sundance Plaza, a multi-tenant mixed-use property in Steamboat Springs, to Denver-based private REIT. Located at 225 Anglers Drive, Sundance Plaza offers retail and office space. At the time of sale, the property was 98 percent occupied. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the deal.
AMERICAN FORK, UTAH — Gelt Venture Partners (GVP) has acquired Alvera at the Meadows in American Fork, about midway between Provo and Salt Lake City. The seller and sales price were not disclosed. The 142-unit property was developed in 2021 on about 4 acres. It features a mix of one-, two- and three-bedroom floor plans, as well as amenities such as a pool and hot tub, fitness center, clubhouse, package lockers and a playground. GVP is planning property upgrades during its hold. Brock Zylstra and Daniel Shin of Institutional Property Advisors (IPA) represented both the buyer and the seller in the transaction. GVP also acquired The Commodore, a 92-unit property in National City, Calif., in early August.
BURBANK, CALIF. — All for Health, Health for All Inc. has purchased an office property located at 601-697 Glenoaks Blvd. in Burbank from 601 Glenoaks LLC for $15.7 million. Kyle Barratt, Mark Perry, Edward Matevosian and Michell Tutor of CBRE, in collaboration with Scott Romick of Lee & Associates, represented the seller, while LA Premier Group represented the buyer in the transaction. The asset comprises a four-story 68,531-square-foot building, a single-story 9,457-square-foot building and a multi-level, semi-subterranean parking structure with 250 spaces. At the time of sale, the property was 62 percent leased. The value-add opportunity offered the buyer the ability to occupy the vacant portion of the building for its own operations.
SIGNAL HILL, CALIF. — Marcus & Millichap has brokered the sale of a four-tenant retail pad in Signal Hill. Knouraki Corp. sold the asset to D’Oyen Trust for $6.2 million. Situated within Signal Hill Gateway, the property is occupied by Starbucks Coffee, Chipotle Mexican Grill, Bank of America and Milano Nail Lounge on triple-net leases. Sheila Alimadadian of Marcus & Millichap represented the seller, while Jonathan Weir and Stefan Ignjatovic of Marcus & Millichap procured the buyer in the deal. Danny Abergel of Marcus & Millichap Capital Corp. arranged acquisition financing for the transaction.
COLORADO SPRINGS, COLO. — Ventas has completed a $3.7 million renovation at Liberty Heights, its senior living community in Colorado Springs. The project included updates to the property’s dining room, resident corridors and shared spaces, with improvements to lighting, flooring and finishes. Blackcomb Construction Group partnered with the owner on the renovation. Situated on 26 acres, Liberty Heights totals 234 residences and offers a full continuum of care. Senior Lifestyle manages the property on behalf of Ventas.
PEORIA, GILBERT AND MARICOPA, ARIZ. — CBRE has secured $116 million in pre-stabilized bridge financing for a three-property multifamily portfolio in the greater Phoenix market. Bruce Francis, Doug Birrell, Bob Ybarra, Nick Santangelo and Shaun Moothart of CBRE secured an initial two-year, floating-rate term featuring full-term interest-only payments with three extension options on behalf of the owner. The lender was MF1 Capital. The portfolio includes the 112-unit Bella Olivia in Peoria, the 120-unit Woodcrest at Power Ranch in Gilbert and the 209-unit Honeycutt Run in Maricopa. The properties were each built in 2025 and are all currently leased. Each community features a resort-style pool, clubhouse, fitness center and attached one- and two-car garages.
SAN DIEGO — Lincoln Property Co. has purchased AMP&RSAND at 350 Camino De La Reina in San Diego from CIM Group for $92 million. Matt Carlson and Hunter Rowe of CBRE facilitated the sale, and Scott Peterson, Michael Kolcum and Colby Matzke of CBRE secured financing for the acquisition. Originally the home of the San Diego Union-Tribune for more than 40 years, the 13-acre site has been renovated into a Class A creative office campus. The property includes a five-story building and a three-story building totaling 343,202 square feet and connected by a 65-foot steel pedestrian bridge. The campus includes a fitness center, café, large outdoor patios and flexible conferencing spaces.
SAN MATEO, CALIF. — Harvest Properties, in partnership with Stockbridge, has purchased Clearview Business Park in San Mateo in an off-market transaction. The partnership plans to re-entitle the 22-acre property as a for-sale residential community, which will include affordable housing. Located at 3000-3155 Clearview Way, the property currently includes six office buildings, surface and structured parking and is partially leased to GoPro through 2026. Originally constructed in 1973, the campus previously served as Visa International’s headquarters before transitioning to GoPro in 2011. The redevelopment plan includes up to 225 townhomes and single-family homes with 15 percent designated as affordable. The project is expected to provide homes for up to 700 residents spanning multiple income levels.
SANTA BARBARA, CALIF. — Concord Summit Capital has arranged $16.5 million in C-PACE construction financing for Marriott Tribute Hotel, a hospitality project underway in Santa Barbara. Tyler Beauregard of Concord Summit Capital sourced the financing through Hall Structured Finance on behalf of the borrower, Newport Beach, Calif.-based Stratus Development Partners. Marriott Tribute Hotel will offer 105 guest rooms and a rooftop amenity space overlooking the Pacific Ocean. Construction is slated to commence this month with completion scheduled for 2027. Stratus Development Partners is a full-service developer with more than 60 years of combined institutional real estate experience and a track record spanning more than $1.5 billion in development across high-barrier-to-entry markets.
HIGHLANDS RANCH, COLO. — CBRE has brokered the sale of Highlands Ranch Medical Campus, a two-building medical outpatient asset in Highlands Ranch. A joint venture between Harbert Management Corp. and Bancroft Capital sold the property to an undisclosed buyer. Terms of the deal were not released. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett and Jesse Greshin, Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE represented the seller in the transaction. Located at 630 and 640 Plaza Drive, Highlands Ranch Medical Campus offers 153,858 square feet of medical outpatient space spread across two buildings. Panorama Orthopedics and Spine Center recently signed a new long-term lease for 31,901 square feet at the campus.
