DEALTRACKER

LOS ANGELES—iBorrow has provided a $12.5 million loan secured by Global Premier Development, the developer of a 59,650-square-foot assisted living facility in Oxnard, California. Once completed, the building is on 2.36 acres of land and consists of 102 units with 128 beds. Meridian Senior Living will managed the property. The borrower has invested approximately $10 million into the property and plans on making additional investments.

PHOENIX—The Solano Village Apartments at 5220 W. Northern Ave. in

Glendale, AZ, has traded hands between a private investor and a private equity firm affiliate of Bean Investment Real Estate for $24 million. The firm has purchased, owned and sold more than 50 institutional and non-institutional quality multi-family properties totaling more than 20,000 units and valued in excess of $1 billion. The seller is part of 3rd Avenue Investments, an Arizona-based firm specializing in acquisition and re-positioning of Arizona multifamily assets through a value-add private equity fund structure. Founded in 2013, the company has acquired 1,873 apartments with an aggregate market value of more than $200 million.

PLATENTIA, CA—NewMark Merrill Companies has acquired Placentia Town Center, an 116,832-square-foot shopping center located at 110-198 East Yorba Linda Boulevard in Placentia, California. NewMark Merrill currently owns or manages a portfolio of over 78 shopping centers in California, Colorado and Illinois NewMark Merrill was represented in-house by Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison with support by Alex Kozakov of CBRE. Newmark Knight Frank's Capital Markets retail division Executive Managing Director Pete Bethea, and Senior Managing Directors Rob Ippolito and Glenn Rudy represented the seller, RPAI.

SANTA BARBARA, CA—A parcel of land in Santa Barbara has traded hands for $11.95 million. The parcel is currently occupied by the La Cumbre Plaza apartments, a 48-unit multifamily community. Kerry Cole, an EVP and Branch Manager at DAUM Commercial's Inland Empire office, represented both the buyer, a family trust, and the seller, a family ownership group, in this transaction. The land parcel is in close proximity to local beaches, as well as popular boutiques and restaurants in downtown Santa Barbara, making this property a strong acquisition based on its long-term value.

SAN DIEGO—An office building at 2250 4^th Avenue in San Diego has traded hands between two private investors for $7.3 million. The property is nearly 25,000 square feet and occupied by KLC San Diego Enterprises.

IRVINE, CA—Incipio Group, an industry-leading designer and manufacturer of award-winning mobile device accessories, has signed a 70,000-square-foot office lease at 3347 Michelson Drive within Park Place, a 105 acre mixed use complex in Irvine, California. IncipioÒ will utilize the space for its corporate, global headquarters. JLL Orange County's team of Byron Foss, Wade Tift and Nick Carey represented Incipio Group in the lease. Bob Thagard of Cushman & Wakefield represented the landlord, LBA Realty.

IRVINE, CA—Dongyu OC Properties, a nutraceutical company, has acquired a 37,274-square-foot industrial building located at 14831 Franklin Avenue in Tustin, California, for $8.39 million. Dongyu OC Properties is relocating to the building from Irvine, California. JLL Orange County's team of Byron Foss, Wade Tift and Nick Carey represented Dongyu OC Properties in the acquisition. Lee & Associates represented the seller, LBA Realty.

NORWALK, CA—Villa Hermosa Apartments, a 95-unit apartment complex in Norwalk, California, has traded hands for $20 million, which equates to $210,789 per unit. Tyler Leeson and Matthew Kipp, vice president investments, represented the seller and procured the buyer. Both are private investment entities. Built in 1963, Villa Hermosa Apartments is close to interstates 5 and 605 and California State Route 91. Long Beach Airport is less than seven miles away. The apartment unit mix is 36 one-bedroom/one-bath units and 59 two bedroom/one-bath apartments.

SAN DEIGO—A joint venture between Goldman Sachs Asset Management Private Real Estate and Montana Avenue Capital Partners has acquired Centerpark Plaza, an approximately 204,000-square-foot campus with eight flex industrial buildings and one office building in the Sorrento Mesa submarket of San Diego, California. The recent addition of retail amenities in the area including numerous quick service restaurants, a popular brewery, and fitness amenities such as a climbing wall, CrossFit, and LA fitness has created a compelling live/work/play environment for tenants, which we believe will further drive tenant demand for space.