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Santa Ana property with 210 apartment units, a gas station, and a karate gym sold for $43 million in early summer. The 8-acre site was split between two buyers: one purchased the apartments and karate studio, while the other bought the gas station. Triqor Group brokered the deal, which closed in June.

    The property has an interesting history, having been an orange grove before being developed into apartments in 1965. A family trust owned the site, which was subject to a ground lease that expired in May. The trust listed the property in late 2024 and sold it six months later after several potential buyers considered the site.

    In other news, a 22-unit apartment complex in Eastside Costa Mesa sold for $9.57 million or $434,845 per unit on July 2. CBRE represented the buyer, an investor from Fountain Valley, who plans to upgrade the property. The complex has been owned by the same family since it was built 64 years ago.

    Two industrial leases were signed at Los Patrones Business Park in Rancho Mission Viejo. JH Wall Paints leased 3,620 square feet for ecommerce distribution and administration functions, while Precision Aerial Services Inc. claimed 2,030 square feet for equipment storage. JLL represented the landlord in both deals.

    Cypress West Partners and TPG Angelo Gordon acquired two medical outpatient buildings: La Cholla Medical Plaza in Tucson with 68,000 square feet and MacFarlane Medical Center in Las Vegas with 39,279 square feet. The joint venture has been acquiring medical office assets in the Sunbelt and West Coast markets.

    Mark Damiani joined CBRE's National Retail Partners team as an executive vice president working on institutional retail sales. He brings nearly two decades of experience in commercial real estate transactions to his new role.