CRE Transactions in the West (Week of October 12)

It’s been a busy week across the U.S. West, which brought a handful of interesting transactions across office, industrial and retail real estate! See below our selection of the most recent commercial real estate transactions for California, the Pacific Northwest, Phoenix, Denver and everything in between.

Denver

Divine Homes has acquired The Center at Evergreen from Good Signature for $3.2 million. The 45,729-square-foot office property at 2922 Evergreen Parkway in Evergreen, Colo., had approximately 80 percent occupancy. Marcus & Millichap advised both parties.

Inland Empire

Rich Development Enterprises has sold Apple Valley Towne Center, an 87,042-square-foot retail center at 19390 Bear Valley Road in Apple Valley, Calif. Hanley Investment Group Real Estate Advisors represented the seller. The 2026-built property was fully occupied by three national tenants.

Los Angeles

EDENS has bought The Summit at Calabasas, an approximately 72,000-square-foot grocery-anchored retail center in Calabasas, Calif. Tenants include Erewhon, Philz Coffee, Exer Urgent Care and Crane Pilates.

Overton Moore Properties has acquired two industrial buildings totaling 248,105 square feet at 14555 Alondra Blvd. in La Mirada, Calif. The approximately 13.5-acre property is fully leased to a single tenant, with roughly 5.5 years remaining on the lease.

Bridge Logistics Properties has purchased a 21.3-acre industrial truck terminal at 12903 Lakeland Road in Santa Fe Springs, Calif., at roughly half of comparable land value. XPO Inc. occupies the property, which includes an approximately 114,000-square-foot terminal. Colliers was involved in the off-market transaction.

Orange County

DAUM Commercial Real Estate Services has arranged the $8.6 million sale of a 29,932-square-foot industrial building at 3102 W. Adams St. in Santa Ana, Calif. The brokerage represented the seller and procured the buyer, a retailer and e-commerce wholesaler planning its corporate headquarters there.

Westwood Financial has bought Peninsula Marketplace, a 95,416-square-foot retail center at 19021-19125 Goldenwest St. in Huntington Beach, Calif. JLL advised the seller. The Ralphs-anchored property was 98.8 percent occupied and spans 9.5 acres.

Yamaha Motor Co. has sold its 25-acre mixed-use headquarters campus at 6555 Katella Ave. in Cypress, Calif., to The Walt Disney Co. for $115.3 million. Avison Young represented the seller, which will remain as a tenant until its planned departure by the end of 2028.

Phoenix

AXS Opportunity Fund has acquired One North Central, a 429,120-square-foot office tower at 1 N. Central Ave. in Phoenix. Newmark brokered the deal for the seller. The 20-story property, built in 2001, includes ground-floor retail and structured parking.

Logistics Property Co. has purchased 76 acres at Interstate 10 and Perryville Road in Buckeye, Ariz., for Sonoran Logistics Park, a planned two-building, 1.2 million-square-foot industrial development. It will be the company’s third Phoenix-area development. Cushman & Wakefield worked on the transaction and will handle leasing.

Dominium Group has bought the Rosilian Villas site in Avondale, Ariz., for $11 million. The 25.9-acre property west of Dysart Road, south of West Van Buren Street, has approved plans for 291 affordable housing rental townhomes. ABI Multifamily represented both parties.

Portland

Marcus & Millichap has arranged the $5.5 million sale of Pedron’s RV Storage, a self storage facility at 6002 NE 152nd Ave. in Vancouver, Wash. The property has 275 vehicle storage spaces. The brokerage marketed the property for the seller and procured the buyer.

San Francisco

Interstate Equities Corp. has bought The Dylan, a 232-unit multifamily community at 2200 John Muir Parkway in Hercules, Calif., from Hercules Development Partners for $83.5 million. JLL represented the seller and secured the buyer’s $54.3 million Freddie Mac acquisition loan.

San Jose

KBS Real Estate Investment Trust III Inc. has sold The Almaden, a three-building, 416,126-square-foot office campus at 55 Almaden Blvd. in San Jose, Calif., to SFF Realty Partners. Newmark advised the seller. The transaction was San Jose’s largest multitenant office sale since the pandemic began.

San Luis Obispo-Paso Robles

Nuveen Real Estate has acquired Marigold Center from First Washington Realty for $58.3 million. The 174,428-square-foot grocery-anchored retail property is at 3900 Broad St. in San Luis Obispo, Calif., and was 91.6 percent leased. JLL represented the seller.

Santa Maria-Santa Barbara

Knollwood Properties LP has sold Knollwood Meadows, a 128-unit multifamily community in Orcutt, Calif., to an affiliate of Abacus Capital Group. Institutional Property Advisors brokered the deal for the seller and procured the buyer. The community was one of nine Santa Barbara County multifamily assets with at least 100 units to trade in five years, according to IPA.

Seattle

FPA Multifamily has purchased The Groves Apartments, a 366-unit multifamily community in Kent, Wash., from RISE Properties for $72 million. Institutional Property Advisors advised the seller and sourced the buyer. The 1980-built property spans more than 20 acres.

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NOTE: Articles in this series are shaped using AI-assisted workflows and reviewed by newsroom editors prior to publishing.