California

Mission Viejo, Calif. — A partnership between Hanley Investment Group and Walseth Investment Co. has arranged the sale of a 51,312-square-foot shopping center located at 24011-24031 Marguerite Parkway in Mission Viejo, for $11.6 million. A 37,118-square-foot Orchard Supply Hardware store formerly anchored the property, which occupied more than 72 percent of the center. Originally built in 1973 and renovated in 2016, the center sits on 3.4 acres and includes a mix of tenants including A Cut Above, Little Caesars Pizza and Leslie’s Pool Supplies. Kevin Fryman, Bill Asher and Ed …

Los Angeles — Bolour Associates has acquired a retail center in the Silver Lake neighborhood of Los Angeles for $6.5 million. Located at 2829-2843 Hyperion Ave., the center was originally built in 1986 and totals 9,884 square feet. The property was 50 percent leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats & Dogs and The Village Vet at the time of sale. Additionally, Bolour plans to complete both exterior capital improvements and interior tenant improvements at the property. Oron Maher of Maher Commercial Realty represented the seller …

Poway, Calif. — Capstone Advisors has sold Poway Valley Center, a 24,802-square-foot retail property located in Poway, roughly 23 miles north of San Diego, for $11.6 million. The property comprises 16 tenants, including Little Sprouts Daycare, Wingstop, Poway’s Irish Pub, Don Pollo Mexican Food and Bongiorno’s Pizzeria. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, Capstone Advisors, in the transaction. Jimmy Leach and Erik Ransdell of Strands Realty Group represented the buyer, Badal Satasiya.