Tuesday, June 17, 2025
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Heron-View-Apts-Kenmore-WA
AcquisitionsMultifamilyWashingtonWestern

Weidner Apartment Homes Sells Heron View Multifamily Community in Kenmore, Washington for $19.9M

by Amy Works

KENMORE, WASH. — Weidner Apartment Homes has completed the sale of Heron View, a multifamily property in Kenmore, to Wright Investment Properties for $19.9 million, or $276,042 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1987, Heron View features three residential buildings and a leasing office surrounding a central parking lot. The community offers 72 one- and two-bedroom apartments, averaging 797 square feet, with white appliances, laminate countertops, washers/dryers and wood-burning fireplaces.

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Escondido-Logistics-Center-Escondido-CA
AcquisitionsCaliforniaIndustrialWestern

San Diego County Water Authority Buys 88,552 SF Industrial Building in Escondido

by Amy Works

ESCONDIDO, CALIF. — San Diego County Water Authority (SDCWA) has acquired a freestanding industrial building in Escondido from RPG for $38.8 million in a forward sale. The 88,552-square-foot property was still under construction when the acquisition occurred. Situated on 9.5 acres at 1960 Citracado Parkway, the building features a clear height of 28 feet, heavy power, a large truck court and abundant loading positions. The property was originally part of Escondido Logistics Center, a planned two-building industrial project. The second building, totaling 58,502 square feet, is currently under construction with completion slated for January 2025. Aric Starck and Drew Dodds of Cushman & Wakefield represented the seller.

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Oakbrook-Shopping-Center-Littleton-CO
AcquisitionsColoradoRetailWestern

Marcus & Millichap Arranges Sale of 78,571 SF Oakbrook Shopping Center in Littleton, Colorado

by Amy Works

LITTLETON, COLO. — Marcus & Millichap has brokered the sale of Oakbrook Shopping Center, a retail property located at 309-311 E. County Line Road in Littleton. The property consists of a 30,466-square-foot neighborhood strip center, fully leased to 15 tenants, and a 48,214-square-foot anchor space, which is occupied by O’Reilly Auto Parts Super Hub. The assets sold in separate transactions to different buyers for a combined total of $13.5 million. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller, Denver-based Sidford Capital, in the transaction.

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Theatre-District-Living-UCSD-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

University of California San Diego Completes 2,000-Bed Residence Hall Project

by Amy Works

SAN DIEGO — The University of California San Diego has completed the Theatre District Living and Learning Neighborhood, a 1.4 million-square-foot development offering 2,000 beds of housing for undergraduate students. The project, which comprises five buildings, was developed on a site formerly occupied by a surface parking lot. Units, including 48 beds reserved for resident advisors, are offered at below market-rate rents. Shared amenities include a 490-seat auditorium; large community areas, including retail and dining space; a food hall; conference center with four hotel rooms; fitness center; meditation pavilion; tea house; and academic and administration space. The property also features terraced parking gardens offering 1,200 spaces for residents, faculty and daily visitors. The project’s design-build team included architect HKS, design-builder Kitchell, associate architect EYRC and landscape architect SWA.

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Monterra-Apts-Tacoma-WA
AcquisitionsMultifamilyWashingtonWestern

Goodman Real Estate Sells Three Multifamily Properties in Tacoma, Washington for $102.6M

by Amy Works

TACOMA, WASH. — Goodman Real Estate has completed the disposition of three multifamily assets in Tacoma to American Capital Group for $102.6 million. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Totaling 557 units, the properties are situated within Tacoma’s Parkland neighborhood, which is accessible from Interstate 5 and Washington State Routes 512 and 7. The properties include:

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Huntington-Oaks-Center-Monrovia-CA.jpg
AcquisitionsCaliforniaRetailWestern

Hanley Brokers Sale of 250,787 SF Shopping Center in Southern California

by Amy Works

MONROVIA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Huntington Oaks Center, a 250,787-square-foot shopping center located in Monrovia, approximately 20 miles outside Los Angeles. A Newport Beach, Calif.-based private investor sold the asset to a Los Angeles-based buyer for an undisclosed price. Built in 1984, the property was 75 percent occupied at the time of sale. Tenants at the center include Trader Joe’s, Burlington, Marshalls, Crunch Fitness, Chili’s Grill & Bar, Mimi’s Café, Chipotle Mexican Grill and Panda Express. A Kohl’s is also located at the property but was not included in the sale. Hanley Investment Group represented the seller, while the buyer was self-represented in the deal.

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CaliforniaLoansRetailWestern

JLL Arranges $12.5M Loan for Culver Theater in Culver City, California

by Amy Works

CULVER CITY, CALIF. — JLL Capital Markets has arranged $12.5 million in senior financing for Culver Theater, a movie theater in Culver City. Alex Olson, Joshua Blank and Sarah Kim of JLL Capital Market’s Debt Advisory represented the borrower, Oliver McMillan LLC, and secured the five-year, fixed-rate loan through Zions Capital Markets. Located at 9500 Culver Blvd., the 41,341-square-foot Culver Theater was built in 2004. The property features a six-screen movie theater experience with a full bar, theater snacks and kitchen fare, and plush seating along with six private sound stages. The theater, which was previously occupied by Arclight, was leased to a global e-commerce giant in June 2021 and opened to the public in 2022. The property is located across from Culver Studios, where a global e-commerce giant and movie production company operates more than 530,000 square feet of film and TV production space.

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10857-N-95th-Ave-Peoria-AZ
AcquisitionsArizonaIndustrialWestern

City of Peoria Acquires 81,060 SF Industrial Facility in Arizona for $11M

by Amy Works

PEORIA, ARIZ. — The City of Peoria, an Arizona municipal corporation, has purchased an industrial building at 10857 N. 95th Ave. in Peoria from Glez C Properties LLC for $11 million. The city will utilize the 81,060-square-foot property as a training facility for its police officers and a storage facility for its tactical vehicles. Built in 2005, the asset offers freeway access. Jeffrey Garza Walker of NAI Horizon represented the seller in the transaction.

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1-Middleton-Way-American-Canyon-CA
AcquisitionsCaliforniaIndustrialWestern

JLL Negotiates Sale of Two Industrial Buildings in American Canyon, California

by Amy Works

AMERICAN CANYON, CALIF. — JLL Capital Markets has negotiated the sale of two industrial buildings totaling 1.3 million square feet of Class A space within Napa Logistics Park in American Canyon. A global investment advisor sold the asset to EQT Exeter for an undisclosed price. The assets include: Ryan Sitov, Melinda Marino, Glen Dowling, Matt Bracco and Chris Neeb of JLL Investment Sales and Advisory represented the seller in the deal.

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700-Fifth-Ave-N-Seattle-WA
HospitalityLoansWashingtonWestern

CBRE Arranges $27M in Refinancing for Hampton Inn & Suites by Hilton Seattle Downtown

by Amy Works

SEATTLE — CBRE has secured $27 million in refinancing for the Hampton Inn & Suites by Hilton Seattle Downtown. James Bach, Connor Lemley, Regina Wang and Griffin Walker of CBRE’s Pacific Northwest Debt & Structured Finance team facilitated the five-year, fixed-rate refinancing on behalf of the undisclosed owner. Located at 700 Fifth Ave. North, the six-story hotel features 199 guest rooms with in-room kitchens. Hotel amenities include free breakfast, free Wi-Fi, a fitness center, laundry facilities, parking, a 24-hour business center and conference spaces. This financing represents the first refinancing of the property in 20 years and follows a significant interior and exterior renovation completed by the owner in 2020.

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