Friday, November 14, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

843-Arrow-Hwy-Azusa-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Hanley Investment Group Brokers $4.3M Sale of Starbucks-Occupied Retail Property in Azusa, California

by Amy Works

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant restaurant property at 843 Arrow Highway in Azusa. Los Angeles-based California Icon LLC sold the asset to Glendale, Calif.-based MTSA Properties for $4.3 million. The 3,800-square-foot Starbucks Coffee-occupied building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. The asset is secured by a new long-term absolute triple-net lease with minimal landlord responsibilities, according to Bill Asher of Hanley Investment Group. Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
South-Valley-Apts-LV-NV.jpg
AcquisitionsDevelopmentMultifamilyNevadaWestern

Waterton, NRP Group Acquire Las Vegas Site for 368-Unit South Valley Apartments Project

by Amy Works

LAS VEGAS — Waterton and The NRP Group have acquired an 8.5-acre site on South Las Vegas Boulevard in Las Vegas and financially closed for the development of South Valley Apartments. The project is the first partnership between Waterton and The NRP Group. South Valley will features 368 studio, one-, two- and three-bedroom floor plans with select one-bedroom units featuring dens spread across two four-story, elevator-serviced residential buildings. Units will include quartz countertops, subway tile backsplashes, stainless steel appliances in the kitchens and vinyl plank flooring. Community amenities will include an outdoor pool, two courtyards, outdoor seating areas with fire pits and grilling stations, a club lounge, coworking space and a conference room. Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is slated for mid-year 2027 with completion scheduled for early 2028.

Continue Reading
FacebookTwitterLinkedinEmail
Villas-Las-Mandarinas-Tucson-AZ
ArizonaLoansMultifamilyWestern

JLL Secures $19.5M Refinancing for Villas Las Mandarinas Multifamily Community in Tucson

by Amy Works

TUCSON, ARIZ. — JLL Capital Markets has secured a $19.5 million loan for the refinancing of Villas Las Mandarinas, a multifamily property located at 4250 E. 29th St. in Tucson. Brad Miner and Drew Lydon of JLL arranged the fixed-rate loan through Santander Bank N.A. for the borrower, GDL Asset Management and GDL Property Management. Built in 1977 and renovated in 2023, Villas Las Mandarinas features 322 apartments, averaging 322 square feet, and modern amenities.

Continue Reading
FacebookTwitterLinkedinEmail
Stewart-Plaza-Upland-CA
AcquisitionsCaliforniaOfficeWestern

CBRE Negotiates Sale of 46,527 SF Stewart Plaza Office Property in Upland, California

by Amy Works

UPLAND, CALIF. — CBRE has negotiated the sale of Stewart Plaza, a Class A office property located at 440 N. Mountain Ave. in Upland. A partnership between a local investor and a medical group acquired the asset from Stewart Plaza Owner LLC for $9 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Bryan Johnson of CBRE represented the seller in the deal. The three-story, 46,527-square-foot property has recently undergone more than $1 million in renovations, including a roof replacement, elevator modernization, HVAC replacements, lobby upgrades, new lobby and exterior furniture and a new digital directory.

Continue Reading
FacebookTwitterLinkedinEmail
Echo-Park-Village-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

IPA Brokers Sale of 21,876 SF Echo Park Village Retail Center in Los Angeles

by Amy Works

LOS ANGELES — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
Tower-Plaza-Commercial-Center-Yucaipa-CA
AcquisitionsCaliforniaHealthcareOfficeRestaurantRetailWestern

Progressive Real Estate Partners Arranges $7M Sale of Tower Plaza Commercial Center in Yucaipa, California

by Amy Works

YUCAIPA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Tower Plaza Commercial Center, a retail and office property located at 34590-34664 County Line Road in Yucaipa. Greg Bedell of Progressive Real Estate Partners represented the seller, a private Inland Empire-based investor and the original developer of the property, while Tricia Cerda of REMAX Redlands represented the buyer, an Inland Empire-based private investor. Built in 1995, Tower Plaza Commercial Center offers 39,422 square feet of commercial space spread across three buildings. At the time of sale, the property was fully occupied by 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Falls-at-Arden-Sacramento-C
AcquisitionsCaliforniaMultifamilyWestern

Demmon Partners Sells 272-Unit Multifamily Community in Sacramento for $54.6M

by Amy Works

SACRAMENTO — Demmon Partners has completed the sale of The Falls at Arden, an apartment property located at 2345 Northrop Ave. in Sacramento. Jackson Square Properties, a locally based multifamily real estate investment company, acquired the asset for $54.6 million. Built in 1986, The Falls at Arden features 272 studio, one- and two-bedroom floor plans averaging 679 square feet. Ninety percent of the units have been renovated with luxury vinyl plank flooring, quartz countertops, stainless steel appliances and new cabinets. Community amenities include a pool with deck and spa, fitness center and a fully renovated clubhouse with a demonstration kitchen, game room and movie theater. Demmon Partners also added an outdoor fireplace, parcel locker room, secure indoor mail room, a pet spa and a bike storage room to the community amenities. At the time of sale, the property was 97 percent leased. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the deal. Ryan Greer and Trevor Breaux of CBRE arranged acquisition financing on behalf of the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Barkley-Apts-Bellingham-WA
AcquisitionsMultifamilyWashingtonWestern

HB Management Buys Barkley Apartment Homes in Bellingham, Washington for $47.9M

by Amy Works

BELLINGHAM, WASH. — HB Management has acquired Barkley Apartment Homes, a multifamily community in the Barkley neighborhood of Bellingham, from CEP Multifamily for $47.9 million, or $237,129 per unit. Ryan Harmon, Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the local buyer in the transaction. Built between 2001 and 2003, the 202-unit property features 17 residential buildings, a central leasing office, clubhouse, fitness center and a seasonal outdoor pool and spa. The one-, two- and three-bedroom floor plans offer washers/dryers, private decks or patios and storage space.

Continue Reading
FacebookTwitterLinkedinEmail
38491-Fremont-Blvd-Fremont-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Levin Johnston Brokers Sale of 568-Unit Extra Space Storage Facility in Fremont, California

by Amy Works

FREMONT, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the sale of an Extra Space Storage property totaling 49,922 square feet in Fremont. A private real estate investor sold the self-storage facility to an institutional self-storage developer, operator and manager for $18.8 million. Located at 38491 Fremont Blvd., Extra Space Storage offers 568 units, most with drive-up access, controlled access gated entry and 24-hour closed circuit surveillance. The Levin Johnston team represented the seller and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
12898-Towne-Center-Cerritos-CA
AcquisitionsCaliforniaOfficeWestern

CBRE, Colliers Arrange $10.1M Sale of 80,821 SF Office Property in Cerritos, California

by Amy Works

CERRITOS, CALIF. — CBRE and Colliers have arranged the $10.1 million sale of an office building located at 12898 Towne Center in Cerritos. CBRE’s Mark Shaffer, Sean Sullivan, Grant Goldman, Mike Longo and Melissa Moock, along with Todd Tydlaska of Colliers, advised the receiver, Ryan C. Baker of Verax Business Group, in the transaction. CBRE’s Tom Sheets represented the undisclosed buyer in the deal. Situated on 4.6 acres, the two-story building offers 80,821 square feet of office space. Built in 1993 as part of the three-phase Cerritos Towne Center, the building features large, efficient floor plates, a modern design and convenient access to Interstate 605 and State Route 91. SCAN Health Plan will occupy the property.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts