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Newport Beach, Calif. — Cushman & Wakefield has arranged the $2.2 million sale of a 1,300-square-foot freestanding retail building in Newport Beach. Situated within the Balboa Island shopping district at 323 Marine Ave., home goods retailer Blu Canoe occupies the site, which was originally built in 1930. Joseph Lising and Nathan Demosthenes of Cushman & Wakefield’s Capital Markets & Retail Services team represented the seller, a Newport Beach-based family office that previously owned the property for more than 30 years. A Newport Beach-based investor was the buyer.