PORTLAND, OR—Aukum Management LLC has purchased the Canyon Creek Apartments complex in Wilsonville, OR, for $49.5 million from an unnamed private investor. Located at 26310 SW Canyon Creek Road, the 372-unit complex sits on 29.8 acres and is within close proximity to a major highway and commuter rail line. The property's units average 858 square feet and are 95% occupied. Onsite amenities include a swimming pool, hot tub, fitness center, playground, club house and business center.

SALES

SALT LAKE CITY—TruAmerica Multifamily has entered the Utah market with the purchase of a 315-unit multifamily complex, Crossing at Daybreak, from Western National Properties. TruAmerica plans to invest $1 million into the property to lightly renovate the interior units and add in-unit Wifi as well as property amenities including a dog wash station and upgraded landscaping.

LAS VEGAS— The Bascom Group has acquired Boulder Palms Senior Apartments for $10.4 million from an unnamed seller. Located at 4350 Boulder Highway in Las Vegas, the 183-unit apartment complex sits on four acres and features a pool with spa, fitness center, community game room, laundry facilities and central courtyard. The Bascom Group purchased the property with debt financing provided by One West Bank and secured through CBRE's capital markets team of Brian Eisendrath and Brandon Smith. Doug Schuster and Vittal Ram of Newmark Grubb Knight Frank represented the seller on the transaction.

SAN DIEGO, CA—Pathfinder disposes of two multifamily properties in Seattle and Phoenix for a total of $16 million. The sale includes Aura Apartments, a 96-unit complex sold to Denver-based Capital Real Estate for $8.7 million; and Redondo Terrace, a 78-unit apartment complex sold to an unnamed private investor for $7.5 million. Steve Gebing and Cliff David of Institutional Property Advisors brokered the transaction.

SAN DIEGO, CA—Locale Advisors has purchased a 60,000-square-foot office building for $10.7 million from Emri Group and Alex Brown Realty. Located at 5825 Oberlin Drive, the Locale Advisors plans to transform the property into a creative office campus with common area courtyard, indoor/outdoor workspaces, private 'backyard spaces' and progressive creative interior build-outs. DTZ's Bill Cavanagh and Mike Novkov represented the seller in the transaction and will continue to handle leasing of the property for the new ownership.

RIVERSIDE, CA—Signature Behavioral Healthcare has acquired seven acres at March LifeCare Medical City in Riverside, CA, from March LifeCare Development for $4.6 million. The sale is the first at the future 6 million-square-foot healthcare campus currently under construction. The $3.3 billion project is located on 236 acres at the former Marine Force Base and will feature a hospital, medical office buildings, retail, skilled nursing facilities, wellness centers, spiritual healing facilities and ambulatory care facilities. Newmark Grubb Knight Frank Global Healthcare Services represented the seller in the transaction.

LEASING

SANTA ANA, CA—Robinson Pharma has signed a 10-year lese at CT Realty's 126,796-square-foot industrial facility in Santa Ana, CA. The lease transaction is one of the largest industrial leases signed in the market this year and is valued at $10.6 million. Located at 2811 So. Harbor Blvd. in Santa Ana, the property is now fully leased to the single tenant, which plans to take occupancy of the property this month. Dale Camera with Lee & Associates' Irvine office and Jim Snyder with Lee & Associates' Newport Beach office represented CT Realty in the lease transaction. Bob Goodmanson of CBRE represented Robinson Pharma.

HESPERIA, CA—The Marketplace on Main signs seven new tenants totaling 19,600 square feet. The new tenants include Petco, with 10,000 square feet; the Habit Burger Grill, 2,500 square feet; Pieology Pizzeria, with 2,000 square feet; Yogurtland, with 1,200 square feet; Metro PCS, with 1,400 square feet; Great Clips, with 1,200square feet; and Nail Salon, with 1,300 square feet. Paul Galmarini, senior retail specialist at Progressive Real Estate Partners, represented the owner of the center, Pacific/Lewis Properties, in all transactions.

WESTLAKE VILLAGE, CA—Beachbody has signed a 16,000-square-foot lease at Westlake North Business Park, which is located at 30699 Russell Ranch Road in Westlake Village. This is the company's third Los Angeles location. Jordan Kissel, Tony Acerra and Tom Turley of JLL represented Beachbody in the transaction, while a co-team of JLL's Jim Lindvall and Dan Sanchez and David Saeta and David Smith from IDS Real Estate represented the landlord.

FINANCING

LINCOLN CITY, OR—Westmont Living has secured a $13.3 million loan to refinance Lakeview Senior Living. The loan was funded through HUD's Section 232/223(f) program, and has 35-year term and is fully amortized. Andrew Behrens, vice chairman, Mary McDonald, SVP, and Noah Reischmann, VP, all of CBRE Debt and Structured Finance secured the funds on behalf of the borrower.

PALM SPRINGS, CA—A private investor secures $7.1 million in acquisition financing for the $10.2 million purchase of 49,000-square-foot Fresh & Easy Market-anchored shopping center. The high-leverage loan has a 10-year term amortized over 30 years with a fixed interest rate of 4%. Sharone Sabar, first VP at Marcus & Millichap Capital Corp. secured the funds on behalf of the borrower; while, Gregory Mills, SVP of investments, and Dave Lincoln, first VP of investments, represented the seller, and Jack Hopkins, VP of investments, and Matthew Hardke, associate, procured the buyer.

EMPLOYMENT

SAN BERNARDINO, CA—Rachael Pokuta joins TMC Financing as VP of business development. In this new role, she will be responsible for guiding small and mid-sized business owners through the U.S. Small Business Administration's lending process. Prior to joining the firm, she held positions at Wells Fargo, JP Morgan Chase and Bank of America.

SAN DIEGO, CA—David Crabb has joined Cresa as SVP. The 30-year veteran joins the firm from CBRE and Trammell Crow Co., where he specialized in tenant representation. The tenant-only platform at Cresa attracted him to the firm.

ENCINO, CA—Marcus & Millichap has named James Markel as senior managing director of its Bakersfield, Encino, Fresno and Ventura offices. Markel has been with the firm since 2013 as sales manager of the Encino office, and originally joined the firm in 1999 as an agent.

DEVELOPMENT

WESTWOOD, CA—RD Olsen has completed the development of Studio11024, a 31-unit, five-story multifamily property in Westwood. The project includes landscaped rooftop decks, fitness center with a yoga studio and underground parking.

RIVERSIDE, CA—Newcastle Partners have purchased 8.2 acres in Riverside to develop a 140,000-square-foot industrial facility. The property is located near the March Air Reserve Base and within close proximity to the 215 freeway. Once complete, the property will be valued at $13.5 million. It is expected to come online in March 2016.

PERRIS, CA—AMCAL Multi-Housing has completed construction of a 40-unit mixed-use development featuring affordable family apartments, onsite childcare and retail space. The property has a mix of two and three bedroom apartments, while the complex features a community room, barbeque area, tot walk and outdoor fireplaces.  

AWARDS

ANAHEIM, CA—The Packing House has received three Gold Nugget Awards of Merit at the 52^nd annual Gold Nugget Awards, including Best Rehab for a Commercial or Industrial Project, Best Infill or Rehab Site Plan and Best Sustainable Commercial Project. The property has also been nominated for Commercial Project of the Year Grand Award. Located at 440 S. Anaheim Blvd., the property is an upscale food market in the former Sunkist packing plant.