LAKE FOREST, CA—Los Angeles-basedthe Mayfield Trust has sold FoothillCenter, a 19,400-square-footmulti-tenant shopping center here, to a China-based buyer for$7.64 million. The center is 95% occupied with tenantsincluding Baja Fresh, EnterpriseRent-A-Car, andWasabi Sushi.Matthew Mousavi and Patrick Lutherof Faris LeeInvestments represented theseller, while the buyer represented itself in the transaction. Thesale price had an in-place cap rate of 4.81%, a record low for anon-anchored retail strip center sale in south Orange County,industry sources say.

WEST HOLLYWOOD, CA—Charles Dunn Co. hascompleted two multifamily property sales totaling$4.7 million here. The sales include a 10-unit property at1220 N. Formosa Ave. that sold for $3.3 millionand a five-unit property at 1231-1235 N. VistaSt.that sold for $1.4 million. For the Formosa sale,Kimberly Roberts Stepp, senior managing directorwith Charles Dunn, represented the seller, Los Angeles-basedAquat 9 LLC, as well as the 1031exchange buyer, a Los Angeles-based private investor. Thetransaction closed at a 4.8% cap rate and sold at full askingprice. For the Vista sale, Stepp represented the seller, LosAngeles-based Jambax LLC. The buyer was a privateinvestor from Los Angeles who was represented by Diana F.Tiao of the Collective Realty. Thetransaction closed at a record-low 2.9% cap rate.

YAKIMA, WA—Emerald Holdings LLC has sold theGuesthouse Inn & Suites at 1010 E. ASt. here to an unnamed buyer for $2.1 million.Joseph P. Kennedy, president of CrystalInvestment Property LLC, exclusively represented theseller. The two-story, 50-key hotel was built in 1998 as anindependent hotel and converted to a Guesthouse Inn & Suites inearly 2013.