Tuesday, June 17, 2025
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Mission-Lake-Center-Riverside-CA
CaliforniaOfficeWestern

Stillwater Investment Group, Greenlaw Partners Sell Office Complex in California for $10.1M

by Amy Works

RIVERSIDE, CALIF. — A joint venture between Stillwater Investment Group and Greenlaw Partners has completed the sale of Mission Lake Center, a multi-tenant office complex located in Riverside. A private high-net-worth buyer acquired the property for $10.1 million. Gary Stache, Anthony DeLorenzo, Doug Mack and Sammy Cemo of CBRE represented the seller. Located at 3600 Lime St., Mission Lake Center features seven two-story, Class A office buildings totaling 74,646 square feet. The property underwent a $900,000 renovation and includes a water feature surrounded by landscaping, common area, and an on-site restaurant.

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302-N-Townsend-Santa-Ana-CA
AcquisitionsCaliforniaIndustrialWestern

SVN Vanguard Negotiates $5.2M Industrial Sale in Santa Ana, California

by Amy Works

SANTA ANA, CALIF. — SVN Vanguard has arranged the sale of an industrial building, located at 302 N. Townsend in Santa Ana. An undisclosed seller sold the property to a local owner-user for $5.2 million. The 39,089-square-foot property features 20-foot clearance, a warehouse ventilation and a drive-through capacity. Fernando Crisantos of SVN Vanguard represented the buyer and seller in the off-market deal.

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Willow-Creek-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Decron Properties Buys 208-Unit Multifamily Community in San Jose for $84.6M

by Amy Works

SAN JOSE, CALIF. — Decron Properties has acquired Willow Creek, a multifamily property located at 935 Willowleaf Drive in San Jose. An undisclosed seller sold the property for $84.6 million. Built in 1985, Willow Creek features 208 apartments in a mix of one- and two-bedroom floor plans. All units include full-size washers and dryers, central heating and air conditioning, walk-in closets, patios or balconies, and enclosed garages or covered parking. Community amenities include two resort-style pools and spas with poolside Wi-Fi access, a health and fitness center, a lighted tennis court, a children’s play area and landscaped courtyards. Salvatore Saglimbeni, Stanford Jones and Philip Saglimbeni of Institutional Property Advisors’ Palo Alto, Calif., office represented the seller in the transaction.

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3250-Business-Park-Vista-CA
AcquisitionsCaliforniaIndustrialWestern

BLT Enterprises Acquires 221,660 SF Manufacturing Facility in North San Diego for $31.1M

by Amy Works

VISTA, CALIF. — BLT Enterprises has purchased a corporate headquarters-quality industrial manufacturing and warehousing facility located at 3250 Business Park in Vista, a suburb northwest of San Diego. DENSO Wireless Systems America sold the property for $31.1 million in the sale-leaseback transaction. Built in 1997 by DENSO, the 221,660-square-foot facility is fully leased by the company, a supplier of advanced automotive technology, systems and components. The property features 28-foot to 30-foot clear heights, 12,000 amps of power and a backup generator system. Additionally, the property features sculptured concrete, reflective glass, a stylish canopy entry and a two-story glass-clad lobby. Situated on 16 acres, the asset also includes a yard and vehicle parking area, as well as a 3.7-acre parcel that is currently unpaved, offering the opportunity for future development. Rob Jacobsen of SD Realty Partners represented the buyer, while Aric Starck of Cushman & Wakefield represented the seller in the deal.

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Jordan-Downs-Plaza-Los-Angeles
CaliforniaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Primestor Development Starts Construction of $48M Mixed-Use Development in Los Angeles

by Amy Works

LOS ANGELES — Nadel Architects has announced that construction is underway on Jordan Downs Plaza, a $48 million mixed-use development in Los Angeles. Designed for Primestor Development, the overall $5 billion project will bring 115,000 square feet of retail and dining space to the Watts neighborhood of Los Angeles. Slated for completion in summer 2019, Jordan Downs Plaza will feature an open-air shopping and dining space, as well as a full-service supermarket, financial institutions, a fitness center, sit-down restaurants, cafés and a variety of local and national retailers. The revitalization project is situated on 10 acres and will be a “community living room” gathering-style plaza for the 34,000 area residents. The Nadel Architect team includes Greg Lyon, David Anderson, Keith Martinez and Andrew Wolff.

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Monaco-Apts-Salt-Lake-City-UT
AcquisitionsMultifamilyUtahWestern

Gelt Sells 247-Unit Monaco Apartments in Salt Lake City to Bridge Investment Group

by Amy Works

SALT LAKE CITY — Los Angeles-based Gelt Inc. has completed the sale of Monaco Apartments, a multifamily property located at 4115 S. 430 East in Salt Lake City. Bridge Investment Group acquired the property for an undisclosed price. Built in two phases in 1973 and 1978, the property is situated on 10.5 acres and features 23 three-story buildings offering 247 units in a mix of one- and two-bedroom layouts. Units features stainless steel appliances, walk-in closets and private balconies/patios. Additionally, select units offer fireplaces and washers/dryers. On-site amenities include a sport court and dog park, leasing office, clubhouse and fitness center. Gelt acquired the property in 2014 and made significant improvements to the asset, including rebranding the property with a new name and signage. Danny Shin and Brock Zylstra of Marcus & Millichap represented the buyer and seller in the deal.

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AcquisitionsMixed-UseOfficeOregonRetailWestern

Compass Commercial Brokers $6.1M Sale of Mixed-Use Complex in Bend, Oregon

by Amy Works

BEND, ORE. — Compass Commercial Real Estate Services has arranged the sale of Deschutes Business Center, located at 20332-20370 Empire Ave. in Bend. An undisclosed buyer acquired the property for $6.1 million. Situated on 5.5 acres, the asset features 54,508 square feet of mixed-use space. Robert Raimondi, Russell Huntamer and Paul Weaver of Compass Commercial Real Estate, along with John Keba of Compass Commercial Asset & Property Management, represented the undisclosed seller. Weaver, Gardner Williams and Peter May of Compass Commercial represented the buyer.

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AcquisitionsColoradoOfficeWestern

Bridge Investment Group, DPC Cos. Acquires 1.3 MSF Office Campus in Metro Denver

by Amy Works

LAKEWOOD, COLO. — Bridge Investment Group, in partnership with Denver-based DPC Cos., has acquired Denver West Business Park, a 20-building flexible office campus located near downtown Denver, for an undisclosed price. Situated in Lakewood, the 82-acre asset features 14 buildings on the south side of Interstate 70 and six buildings on north side of the interstate. Originally built between 1974 and 1981, Denver West has undergone more than $25 million in capital improvements since 2014 and was 78 percent occupied at the time of sale. Recent renovations include roof replacement for all 20 buildings, base building repairs and $8.1 million in accretive cosmetic investment. Bridge and DPC plans to invest $14 million over the next three to four years in additional capital improvements. Planned renovations include modernizing the lobbies, elevators, restrooms, entrances, corridors, landscaping and existing amenities. New amenities will include paddle boarding, lakeside gazebos and other activities that resonate with the live-work-play workforce. DPC Cos. will oversee all leasing, property management and redevelopment work.

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Attwell-Off-Main-Tigard-OR
AcquisitionsMultifamilyOregonWestern

Capstone Partners Sells 165-Unit Multifamily Complex in Oregon for $45M

by Amy Works

TIGARD, ORE. — Capstone Properties has completed the disposition of Attwell Off Main, a multifamily property located in Tigard. Denver-based Grand Peaks Properties purchased the asset for $45 million. Located at 12850 SW Ash Ave., the property features 165 units in a mix of studio, one-, two- and three-bedroom layouts, including six two-story townhomes. Built in 2017, the community features trails for pedestrians and bicyclists, a fitness center, a pet grooming station, bike storage and repair center and a 1.02 parking ratio. Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Portland office represented the seller in the transaction.

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Reata-Glen-San-Juan-Capistrano-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Continuing Life Plans 480-Unit Seniors Housing Community in Orange County, California

by Amy Works

SAN JUAN CAPISTRANO, CALIF. — Continuing Life has unveiled plans for Reata Glen, a 480-unit continuing care retirement community in San Juan Capistrano. Reata Glen is located on 60 acres in South Orange County, where 13 percent of the population are seniors. That number is expected to double by 2040, according to Continuing Life. Partners on the project include California-based W.E. O’Neil Construction and KTGY Group Architects. Construction is already underway, with a planned delivery in spring 2019.

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