California

San Juan Capistrano, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9.2 million sale of Rancho Ortega Plaza, a 23,122-square-foot retail strip center located in San Juan Capistrano, roughly 55 miles south of Los Angeles. Starbucks Coffee anchors the two-story property, which was 89 percent leased at the time of sale. Other tenants include Tannins Wine Bar & Restaurant, Bella Nails and Ortega Dental Care. Rancho Ortega Plaza was built in 2004 on 2.2 acres. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, an …

Azusa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant retail property in Azusa, approximately 27 miles northeast of downtown Los Angeles. Los Angeles-based California Icon LLC sold the property to Glendale, California-based MTSA Properties for $4.3 million. Starbucks Coffee occupies the 3,800-square-foot building on a new long-term absolute triple-net lease. The building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. Bill Asher …

Yucaipa, Calif. — Progressive Real Estate Partners has negotiated the $7 million sale of Tower Plaza Commercial Center, a 39,422-square-foot retail and office property located in Yucaipa, roughly 10 miles east of San Bernardino. Built in 1995, the three-building center is fully leased to 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet. Greg Bedell represented the seller, a private Inland Empire-based investor and the original developer of the property, in the transaction. Tricia Cerda of …

San Diego — CEG Capital Partners has acquired Shops at Madison Place, a 53,294-square-foot retail property located in San Diego, for $23 million. The property was 93 percent leased to a variety of long-standing tenants at the time of sale including Golf Bar, Victory MMA & Fitness, STP Bar and Grill and CosmoProf. Michael Peterson, Reg Kobzi and Rachel Parsons of CBRE represented the seller, an entity doing business as The Shops at Madison Place LLC, in the deal.

Los Angeles — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.