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Windermere Commercial Palm Springs

Something is
closing in.

A new approach to commercial real estate is on its way. Built for clarity, speed, and the deals that matter.

Clozing CRE brings institutional-grade expertise to the Coachella Valley, Greater Palm Springs, and California's most dynamic investment corridors — serving high-net-worth buyers, sellers, and investors who expect more.

CA + WA
Licensed States
3
Senior Principals
Desert
Market Specialists
Windermere CommercialPalm Springs
The standard for commercial real estate in the desert.
CA DRE Licensed
WA Managing Broker
850 N Palm Canyon Drive — the original riveted entry door, Arthur Elrod Associates
Open + Range Event Recap
June 12, 2026 · Palm Springs

The doors opened
at 850.

Champagne, conversation, and 4,180 SF of mid-century history — the former Arthur Elrod studio at 850 N Palm Canyon opened for an afternoon. Here’s what happened.

Location  850 N Palm Canyon Drive, Palm Springs
Co-presenter  Palm Springs Cultural Center
Space  Still available for long-term lease
View Recap + Photos 850 N Palm Canyon
What We Do

Built for
complex deals.

Clozing CRE operates at the intersection of investment strategy, market intelligence, and creative deal-making. We represent buyers, sellers, landlords, and tenants across every commercial asset class — from legacy hospitality properties to ground-up development opportunities.

With deep Coachella Valley roots and a Pacific Northwest network, we connect capital to opportunity across state lines and market cycles.

Investment Sales

Office, retail, hospitality, mixed-use, and land. We represent HNW principals with institutional rigor and boutique attention.

1031 Exchange Advisory

Strategic identification and execution of like-kind exchanges — including inbound California and outbound Pacific Northwest transactions.

Tenant Representation

From flagship retailers to boutique hospitality brands — we secure space that performs. Palm Canyon Drive and beyond.

Landlord Services

Positioning, leasing strategy, and broker activation for legacy commercial properties seeking modern tenants and premium rents.

Brand-to-Space Matching

Curating tenants that elevate properties — activating commercial real estate as a platform for culture and commerce.

Cap Rate & Valuation

Independent analysis for acquisitions, dispositions, and portfolio optimization. Numbers that hold up in due diligence.

Where We Work

Markets We Know
Deeply.

Extended Market

High Desert & Inland Empire

Twentynine Palms, Joshua Tree, Yucca Valley — the outlier desert markets generating outsized investor interest.

JT
Southern California

Los Angeles & Orange County

Capital origination, 1031 exchange buyers, and institutional investors seeking desert exposure.

LA
Pacific Northwest

Washington State

Managing Broker licensed. Seattle-market relationships and cross-state investment advisory.

WA
Northern California

Bay Area & Sacramento

NorCal capital moving south — we connect Bay Area and Sacramento investors to desert and SoCal commercial opportunities.

NCA
Southern California

San Diego & Surrounding Region

Statewide buyer relationships. California-licensed for any transaction, any market.

SD
Active Opportunities

Every Deal.
One Place.

850 N Palm Canyon Dr, Palm Springs For Lease
Retail / Creative Office
850 N Palm Canyon Dr
Palm Springs, CA 92262
±4,180
Sq Ft
NNN
Lease Type
Palm Canyon
Corridor
Immediate
Availability

Former Arthur Elrod studio. A rare creative/retail opportunity on Palm Springs' primary commercial corridor — high visibility, architecturally significant, ideal for a flagship brand or design-forward tenant.

Villa Mykonos Resort, Cathedral City For Sale
Hospitality / Investment
67590 Jones Rd
Cathedral City, CA 92234
$3.89M
List Price
8.86%
Cap Rate
1031
Exchange Ready
Hospitality
Asset Type

Villa Mykonos Resort — a fully operating boutique hospitality asset with an 8.86% cap rate. Ideal for 1031 exchange buyers seeking stabilized desert income with significant upside.

EP 73750 EL PASEO PHOTO COMING SOON
For Sale ⬡ First Look
Multi-Tenant Retail · Off Market
73750 El Paseo
Palm Desert, CA 92260
$3,000,000
Ask Price
~5.9%
Cap Rate
5,604 SF
5 Units
$18,550
Gross/Mo

Fully occupied 5-unit retail on El Paseo with three long-term tenants. Separate AC, meters, and restrooms per unit. Two leases up for renewal at higher rates — immediate income upside with zero vacancy risk. Not on LoopNet.

SW 1488 N. PALM CANYON UNDER CONSTRUCTION · PHOTO COMING SOON
For Sale · NNN ⬡ First Look
NNN · Fortune 200 · New Construction
1488 N. Palm Canyon Dr
Palm Springs, CA 92262
$4,200,000
Ask Price
5.0%
Cap Rate
$210,000
Net / Year
10 + 5×5
Yr Lease
4,012 SF
0.38 Acres
14
Parking Spaces
NN Lease
Lease Structure
June '26
Delivery

Brand-new NN lease to Sherwin-Williams — Fortune 200, $23B+ in annual revenue, 100% corporate (not a franchise). Tenant covers all repairs, maintenance, HVAC, utilities, taxes, and insurance. Landlord responsible for roof only (20-yr transferrable warranty), structure, and parking lot. The cleanest 1031 exchange asset in the valley right now.

AB 67780 ARENA BLANCA RD PHOTO COMING SOON
For Sale · Land ⬡ First Look
Residential Land · 10 Lots ✦ Seller Financing
67780 Arena Blanca Rd
Desert Hot Springs, CA 92240
$1,500,000
All 10 Lots
45–50%
Min. Down
10
Total Lots
Seller
Will Finance

Ten contiguous lots available as a package at $1,500,000 — priced at what is owed. Seller will finance with a sufficient down payment of 45–50%, reflecting the current loan balance. A direct path to land ownership in a growing Desert Hot Springs corridor without conventional bank qualifying. Not on LoopNet.

66735 Pierson Blvd, Desert Hot Springs For Sale
Specialty / Redevelopment · Opportunity Zone ✦ Seller Financing
66735 Pierson Blvd
Desert Hot Springs, CA 92240
$999,000
Ask Price
$333/SF
Price Per SF
3,000 SF
Building
0.61 AC
Hard Corner
15% Down
Min. Down
6% / 2 Yr
Interest-Only
C-D Zoning
Downtown Comm.
OZ
Opportunity Zone

Former church on a hard corner at Pierson and Mesquite — 3,000 SF building on 0.61 commercially zoned acres. C-D zoning allows retail, restaurant, gallery, spa, resort, office, medical, and more. Located in a designated Opportunity Zone with preferential tax treatment eligibility. Seller may finance with as little as 15% down at 6%, interest-only, for 2 years. Built 1946, renovated 2022. Listed by Slav Panayotov, Windermere Commercial.

IN 81730 HWY 111 · INDIO PHOTO COMING SOON
For Sale ⬡ First Look
Office · Hwy 111 Corridor · Income-Producing
81730 Highway 111
Indio, CA 92201
$3,200,000
Ask Price
$200/SF
Price Per SF
16,500 SF
Building
$300–350
Replacement/SF

16,500 SF office building on the busiest stretch of Highway 111 in Indio — the most populous city in the Coachella Valley. Income-producing asset with rent roll and annual expense summary available upon request. Seller will not discount below $200/SF ($3,200,000). At $300–$350/SF current replacement cost, acquisition at $200/SF represents significant below-replacement value. Price may also be negotiated contingent on CAP rate analysis, CMA/market value per SF, or appraisal. Not on LoopNet.

Not On LoopNet. Not On CoStar. Not For Everyone.

What is First Look?

First Look deals are off-market opportunities sourced exclusively through our Windermere network, direct owner relationships, and Coachella Valley market knowledge built since 2003. They never appear on public platforms. When you see the ⬡ First Look badge, you're seeing something the market hasn't.

Have a deal that shouldn't be public?

We represent sellers who need discretion. No MLS. No LoopNet. Just the right buyer.

Public listings also available on LoopNet and CoStar.

The Principals

The people
at the table.

Three licensed professionals with complementary depth — in markets, brands, capital, and culture. Clozing CRE is a team by design, not by default.

KPB

Kate Pawlicki Bourne

"KPB"
Incoming Broker · Windermere Commercial Palm Springs · CA + WA Licensed

Founder of Pulp Media Lab — with enterprise clients including Microsoft, Google, YouTube, and Meta — Kate brings a brand strategist's eye to commercial real estate. She conceived of Clozing CRE and its activation practice, Open + Range, as a way to integrate brand and culture into commercial real estate.

Founder Deal Development Tenant Strategy CA License Pending
LinkedIn Profile
SP

Slavyan Panayotov

"Slav"
Principal Broker · Windermere Commercial

A trusted commercial real estate advisor with deep expertise across the Coachella Valley. Slav brings transaction-level intelligence and long-standing client relationships to every deal — from investment sales to complex lease negotiations.

Investment Sales Leasing Desert Markets CA Licensed
LinkedIn Profile
MK

Mahnaz Khazen Shadman

"MK"

MK brings a sophisticated investor perspective and client-first approach developed across years of California commercial transactions. Her analytical fluency and market relationships make her an invaluable advocate for buyers and sellers operating at the highest level.

Acquisitions Client Advisory Portfolio Strategy CA Licensed
LinkedIn Profile
Our Edge

Why investors
choose Clozing CRE.

Palm Springs isn't a secondary market anymore. It's a primary investment destination — and the window is still open.
— Clozing CRE, 2025
Let's Talk

Ready to move?
So are we.

Whether you're acquiring, divesting, 1031-ing, or positioning a commercial asset for the next chapter — Clozing CRE is the call to make first.

Call Us Directly Call Palm Springs Office
An affiliated team of Windermere Commercial · Palm Springs, CA