LOS ANGELES—Canyon Partners Real Estate has provided a $21.6 million senior construction loan to finance the development of a 35-unit luxury condominium project located along Sunset Boulevard in the Silver Lake neighborhood of Los Angeles. The project, which is being developed by a joint venture between Barth Partners and Barry Leddy Developments, will be the first new luxury condominium development of its kind to deliver along this Sunset Boulevard submarket in over ten years. The project is located on a 0.37-acre site at the intersection of Sunset Boulevard and Micheltorena Avenue, providing residents with walkable access to nearby restaurants, bars, cafés, and boutiques. In addition to the neighborhood amenities, the location allows easy access to major employment hubs including Downtown Los Angeles, Hollywood and Glendale.

LAS VEGAS—PMRG has completed the Henderson Medical Plaza, in Henderson, Nevada; one of the fastest growing communities in the Las Vegas metropolitan area. PMRG's Dallas-based Healthcare Development team just concluded this 85,000 square foot multi-tenant, comprehensive medical office building and surgery center, located at 1050 Galleria Drive (at U.S. 95). It will be an integral part of the medical campus, adjoining the recently constructed Henderson Hospital, which opened in October 2016. Henderson Medical Plaza will focus on outpatient care and, in addition to the ambulatory surgery center, will include internal medicine and primary care complimented by a variety of specialty practice groups.

LOS ANGELES—Bone Clones has signed a lease for 19,763-square feet of industrial space in Chatsworth, expanding from its current facility by about 40%. Lee & Associates-LA North/Ventura Principal Scott Caswell and Associate Erica Owens represented the landlord, Northwest Industrial Center and Lee Associates' Mike Ebbitt, represented Bone Clones in the transaction at 9200 Eton Ave. The long-term lease is valued in excess of $1 million. Because of the nature of its work, Bone Clones had several highly specialized requirements. The company needed a facility that was fully air conditioned with high ceilings to accommodate some of its replicas, which can be over nine feet tall, and it needed sufficient parking for its employees. These requirements made finding a new space challenging in any market, but especially in the LA North industrial market where vacancies averaged 1.9% as of the 1st quarter of 2017.

PHOENIX—TR Camelback Corp. has sold 3131 and 3133 Camelback. The two-building class-A office property is in the heart of the Camelback Corridor, which has enjoyed an average 93% occupancy rate since its delivery to market in 1998. Archon Acquisition LLC, a Goldman Sachs company, purchased the 295,401 square-foot office asset for $81.75 million. Senior Managing Director Dennis Desmond and Managing Director Lynn LaChapelle led the deal for JLL. Managing Director Trevor Klinkhamer, Senior Vice President Ray Harris and Director Scott Boardman of Cushman & Wakefield were the property leasing team. The office asset is located at 3131 and 3133 E. Camelback Rd. in Phoenix, at the southwest corner of 32nd Street and Camelback Road—one of the most prestigious corners within the Phoenix market. It is surrounded by numerous walkable amenities including 11 restaurants, three banks and a grocery-anchored shopping center, and is minutes from State Route 51 and I-10.

GARDEN GROVE—Continental Partners has secured $20.5 million in fixed-rate, non-recourse refinancing for the Sheraton Garden Grove-Anaheim South Hotel, a 285-room hotel near the Disneyland theme park. Continental Partners President Mitch Paskover arranged the financing. According to a report by CBRE, average daily rates in the Orange County market are projected to increase 3.5% in 2017. Market occupancies average 77%, far outpacing the national average of 65.4%.

CARSON, CA—Dovetail Furniture and Designs has leased an additional 39,445 square feet of space in a Carson, CA industrial building that will bring their total occupancy at the site to 90,650 square feet, announces The Klabin Company /CORFAC International. The company expects to complete expansion of property located at 16901 Keegan Ave., where it already occupies 51,205 square feet, in November. Dovetail Furniture is headquartered nearby at 14000 S. Figueroa St. where it also maintains a showroom and primary warehouse activities. Matt Stringfellow senior vice president of The Klabin Co., and Courtney Bell, senior vice president, represented Dovetail Furniture in the lease transaction, and also dealt direct with the property owner, Alere. Consideration for the four-year lease was $2.8 million.

PHOENIX—The La Palmilla apartments at 3838 W. Camelback Rd. in Phoenix have been sold to a California investor for $14,100,000. Reliant Management Group, LLC, a California limited liability corporation, purchased the property from Syl-Mar Limited Partnership of Oregon. Koskovich, Bill Hahn and Jeff Sherman of Colliers International in Greater Phoenix handled the transaction. Built in 1973, La Palmilla is comprised of 70 single-story buildings that feature 267 apartment units. The community contains 234,250 rentable square feet on a 22.13-acre site. The one, two and three-bedroom apartments range in size from 700 to 1,100 square feet.