Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

DEALTRACKER

NEWPORT BEACH, CA—William Lyon Homes has entered into a definitive agreement to acquire RSI Communities, a Southern California- and Texas-based homebuilder, and three additional related real estate assets for an aggregate cash purchase price of approximately $460 million. The transaction marks the Company's entry into Texas and is expected to close in the first quarter of 2018, subject to the satisfaction of certain closing conditions. As of December 31, 2017, RSI owned or controlled 11,128 lots, including 6,895 in Austin, Texas, 1,060 in San Antonio, Texas and 3,173 in the Inland Empire, California. RSI primarily targets the entry level and first time buyer segments.

LAKEWOOD, CO—Phillips Edison & Company has sold a Safeway-anchored 87,697-square-foot shopping center in the Denver metro area to Midtown National Group. Hanley Investment Group Real Estate Advisors EVPs Eric Wohl and Kevin Fryman, along with President Ed Hanley, represented the buyer and the seller in the deal. The shopping center was 99% occupied at the time of the sale. The purchase price could not be disclosed.  Built in 1977, the grocery-anchored shopping center is located on 8.33 acres at 13019 W. Alameda Parkway in Lakewood, Colorado, and includes 87 percent national and regional tenants. Tenants include a 60,028-square-foot Safeway store, Safeway Fuel (ground lease), The Garlic Knot Restaurant, H&R Block, Perfect Teeth, and Play It Again Sports. Safeway has successfully operated at the center since 1984.

LOS ANGELES—ASB Real Estate Investments and Blatteis & Schnur have signed a lease to USC's Roski School of Art and Design for approximately 26,000 square feet of space in the joint venture's AT MATEO office/retail development located in the center of the Arts District at the corner of Palmetto and Mateo Streets. Roski, the oldest art school in Southern California dating to 1883, will occupy ground floor space at 555-581 Mateo Street. The long-term lease follows Soylent, the meal supplement technology company, moving into 30,000 square feet of space at the development earlier this year. Brokerage professionals Peter Collins, Mike Condon, Andrew Tashjian, and Kelli Snyder with Cushman & Wakefield are the exclusive leasing agents for AT MATEO's office space and negotiated the deal on behalf of the landlord.

PHOENIX—NAI Horizon's retail team negotiated a long-term lease on behalf of the landlord for a Party City location at The Market at Estrella Falls, 1981 N. Pebble Creek Parkway, in Goodyear, Arizona. The NAI Horizon Retail Properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented the landlord, The Market at Estrella Falls LLC of Glendale, Arizona, in the lease transaction totaling $2.847 million.

LONG BEACH, CA—A joint venture between Harbor Associates and Goldman Sachs Asset Management Private Real Estate has acquired The Commons at Valencia Gateway in an all-cash deal. The project is a two building, 156,628 SF office campus on 10.25 acres located at 25124 and 25152 Springfield Court in the city of Valencia, California. The portfolio is currently 81% leased to fifteen tenants. Tom Bohlinger, Ryan Smith and Justin Hager of JLL represented the seller in the transaction. Harbor plans to renovate the common areas and build out new spec suites to provide a best-in- class workplace for the Santa Clarita Valley while implementing energy saving improvements like EV charging stations. Upgraded gathering areas including an outdoor patio overlooking the adjacent Valencia Country Club golf course will be core elements of the asset repositioning strategy. The vacant office suites will receive new finishes throughout including LED lighting to bring the suites into a more marketable condition.

LOS ANGELES—Two separate apartment properties, totaling four buildings in Riverside, CA, have traded hands to local private investment partnerships for a total of $10.29 million. CBRE's Eric Chen, David Killpack and John Montakab represented the sellers, private investors in Orange County. Chen and Killpack also represented local buyers Zaid Altahan & Maha Yahya in the purchase of La Paz/Las Palmas, which consists of two buildings. The team also represented Cesar & Eloina Aguilar in the acquisition of Cazador's Court for $2.188 million.

The La Paz/Las Palmas Apartments is located at 2032 & 2052 Linden St, and Cazador's Court, which also features two apartment structures, is situated at 3461-3471 Anderson Ave. The four buildings total 78 units.

LOS ANGELES—JLL has signed a lease with organic pressed juicer Kreation for a 2,273-square-foot Kreation Kafe at 11754-11756 San Vicente Boulevard at the corner of San Vicente and Gorham.  Kreation has 12 Juiceries and three existing Kafes.  Brentwood would be their fourth full service Kafe location. JLL's Houman Mahboubi, Greg Briest and Devin Klein secured the deal for the landlord, GPI Companies. JLL continues to market additional prime retail and office space available at the property.  Kreation was represented by Hilton & Hyland.

PHOENIX—The Carlyle at South Mountain Townhomes & Apartments, located at 5151 E. Guadalupe Road and 5102 E. Piedmont Road in Phoenix, has traded hands to Western Wealth Capital from FPA Multifamily for $90 million. Executive Managing Directors Steven Nicoluzakis and David Fogler of Cushman & Wakefield brokered the transaction. The Carlyle at South Mountain is a 552-unit community located on the Interstate 10 freeway between Guadalupe and Elliot in Phoenix.  The property's location provides golf course frontage along the Arizona Grand Golf Course, and is adjacent to the South Mountain Park & Preserve.

TEMPE, AZ—Villatree, a 150-unit multifamily asset in Tempe, Arizona, has traded hands for $17.35 million. Marcus & Millichap's Steve Gebing and Cliff David, senior managing director, represented the seller, PEM Real Estate Group, and procured the buyer, Western Wealth Capital. Villatree is located near the Apache Blvd. Valley Metro Rail stop at 1750 South Price Road in Tempe. Three major freeways, the Tempe Marketplace shopping center, Arizona State University and Banner Desert Medical Center are all within easy access.