Thursday, September 18, 2025
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Signal-Hill-Retail-CA
AcquisitionsCaliforniaLoansRetailWestern

Marcus & Millichap Brokers $6.2M Sale for Retail Pad in Los Angeles County

by Amy Works

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.

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Liberty-Heights-Colorado-Springs-CO
ColoradoDevelopmentMultifamilySeniors HousingWestern

Ventas Completes $3.7M Renovation at Liberty Heights Seniors Housing Property in Colorado Springs

by Amy Works

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. 

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Bella-Olivia-Apts-Peoria-AZ
ArizonaLoansMultifamilyWestern

CBRE Secures $116M Refinancing for Three-Property Multifamily Portfolio in Metro Phoenix

by Amy Works

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.

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350-Camino-De-La-Reina-San-Diego-CA.jpg
AcquisitionsCaliforniaOfficeWestern

Lincoln Property Co. Buys San Diego Office Campus from CIM Group for $92M

by Amy Works

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.

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3000-3155-Clearview-Way-San-Mateo-CA
AcquisitionsCaliforniaOfficeWestern

Harvest Properties, Stockbridge Acquire 22-Acre Office Campus in San Mateo, California, Plan Multifamily Redevelopment

by Amy Works

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.

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Marriott-Tribut-Hotel-Santa-Barbara-CA
CaliforniaDevelopmentHospitalityLoansWestern

Concord Summit Capital Arranges $16.5M in C-PACE Construction Financing for Marriott Tribute Hotel in Santa Barbara, California

by Amy Works

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.

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640-Plaza-Dr-Highlands-Ranch-CO.jpg
AcquisitionsColoradoHealthcareWestern

Harbert, Bancroft Sell 153,858 SF Medical Outpatient Campus in Highlands Ranch, Colorado

by Amy Works

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.

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AcquisitionsAffordable HousingMultifamilyNew MexicoOregonTop StoriesWestern

Guardian Acquires Affordable Housing Portfolio in Oregon, New Mexico for $497M

by John Nelson

PORTLAND, ORE. — Portland-based multifamily owner-operator Guardian has acquired a portfolio of 15 multifamily properties totaling 3,050 units in Oregon and New Mexico for $497 million. The deal represents the company’s largest transaction and one of the larger deals in the United States year-to-date, according to Guardian. Each property in the portfolio was built after 2000 using Low Income Housing Tax Credits (LIHTC) but after the end of the program’s 15-year compliance period, thus the properties were at risk of market-rate conversion. Guardian will voluntarily convert a portion of the portfolio’s units to income-restricted housing that is reserved for renters earning 60 percent or less of the area median income (AMI). The seller was not released. “This transaction represents a pivotal moment for Guardian as we advance our mission to preserve and expand quality affordable housing,” says Tom Brenneke, president of Guardian. The company purchased the portfolio in two tranches. The first was with capital partner AEW for two Portland-area communities spanning 310 units. The second phase comprised the other 13 properties, which span 2,740 units in the metro areas of Portland and Albuquerque, N.M. Guardian partnered with National Equity Fund (NEF) and JPMorgan Chase on the second tranche. “Partnering …

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Block-23-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

City Office REIT Sells Six Properties in Metro Phoenix for $266M

by Amy Works

PHOENIX, CHANDLER, TEMPE AND SCOTTSDALE, ARIZ. — City Office REIT has completed the disposition of six office buildings totaling 1.2 million square feet in the Phoenix area to Southwest Value Partners for $266 million. Ben Geelan, Will Mast and Charlie von Arenstschildt of JLL Capital Markets represented the seller. Sher Hafeez, Michael Leggett, Dan Freeze and Josh Lieberman of JLL provided advisory services. The portfolio includes:– Block 23, a 307,000-square-foot property at 101 E. Washington St. in downtown Phoenix;– 5090 N. 40th Street, a 173,000-square-foot asset at 5090 N. 40th St. in Phoenix’s Camelback corridor;– SanTan, a 267,000-square-foot asset in Chandler;– Papago Tech, a 163,000-square-foot property at 1600-1700 N. Desert Drive in Tempe;– The Quad, a 163,000-square-foot building at 6200-6390 E. Thomas Road in Scottsdale;– Camelback Square, a 174,000-square-foot building at 6991 E. Camelback Road in Scottsdale.

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CIRC-Tucson-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Arranges Sale of 368-Unit CIRC Tucson Apartment Community in Arizona

by Amy Works

TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of CIRC Tucson, an apartment property in Tucson. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the deal. Terms of the transaction were not disclosed. Built in 1986 on 17 acres, CIRC Tucson offers 368 apartments, two swimming pools, a fitness center, package lockers and electric vehicle charging stations.

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