Western

Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona

by Amy Works November 10, 2026

MESA, ARIZ. — The Dinerstein Cos. and PCCP have received $92.1 million in refinancing for Atlas Mesa, a Class A garden-style apartment property located at 5818 E. Baseline Road in Mesa. JLL Capital Markets represented the borrowers in arranging the loan through QuadReal Property Group. Delivered in 2025, Atlas Mesa is a four-story property offering 394 studio, one-, two- and three-bedroom layouts with an average unit size of 991 square feet. Unit amenities include two-toned kitchen cabinets, quartz countertops, wood-style flooring, full-size washers/dryers, indoor air quality systems and stainless steel appliances in select units. Community amenities include an outdoor sky deck and landscaped courtyards, private and group coworking spaces, an indoor/outdoor fitness center, barbecue grills, a pool with a deck, spa and lounge seating, a resident social lounge with full kitchen and TVs, a dog park, pet spa and a bike storage and repair station. Brad Miner, Cameron Cureton, Drew Lydon, Justin Savoie, Andrew Pappas and Jack Kurschat of JLL secured the financing for the borrowers.

November 10, 2026

Acquisitions Arizona Retail Western

PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona

by Amy Works November 10, 2026

CASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released. Located at the northeast corner of I-10 and Florence Boulevard, Promenade at Casa Grande offers 480,000 square feet of retail space. Current tenants include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shop Dept. Encore, Ulta Beauty and Dollar Tree.

November 10, 2026

Acquisitions Industrial Nevada Western

Newmark Arranges Sale of Golden Triangle Logistics Center in North Las Vegas

by Amy Works November 9, 2026

NORTH LAS VEGAS, NEV. — Newmark has brokered the sale of Golden Triangle Logistics Center, a Class A industrial portfolio in North Las Vegas. Washington Capital sold the asset to Clarion Partners for an undisclosed price. Andrew Briner and Ken White of Newmark represented the seller, while Kevin Shannon of Newmark provided executive oversight for the transaction. Totaling 1.3 million square feet, Golden Triangle Logistics Center consists of three distribution facilities located at 2555, 2815 and 3375 E. Washburn Road. Spanning 64.5 acres, the asset features 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a sizable, secured trailer storage yard. At the time of sale, the property was 84 percent leased. The asset offers access to I-15 and the Clark County 215 Beltway.

November 9, 2026

Arizona Loans Office Property Type Western

RED Development Receives $69.3M Refinancing for Offices at The Grove in Phoenix

by Amy Works November 9, 2026

PHOENIX — RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at The Grove features 185,536 square feet of fully leased office space. Current tenants include JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property offers best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant Group), views of Camelback Mountain and 631 parking spaces in shared structured parking.

November 9, 2026

California Development Multifamily Western

TruAmerica Multifamily Breaks Ground on 154-Unit Townhome Community in Santa Clarita, California

by Amy Works November 9, 2026

SANTA CLARITA, CALIF. — TruAmerica Multifamily has broken ground River Walk Townhomes, an apartment community in Santa Clarita. TruAmerica acquired the 10-acre site at 18300 Soledad Canyon Road in August 2026 and recently closed on construction financing for the development. First Citizens Bank & Trust Co. provided the financing. Jim Fisher of Northmarq represented the buyer and seller on the land purchase. David Pelaia of JLL arranged the construction loan. River Walk will feature 144 two-story, three-bedroom townhomes and 10 affordable apartments, providing a mix of market-rate and attainable rental housing options. Additionally, the community will feature 8,500 square feet of commercial and retail space. The first townhomes and community spaces are slated for delivery in spring 2028, with full completion scheduled for fall 2028. The community will feature a clubhouse with a fitness center and resident lounge, as well as a pool and spa, tot lot, dog park and outdoor barbecue patios.

November 9, 2026

Acquisitions California Development Industrial Western

Cabot Properties Buys 5.4-Acre Industrial Development Site in Los Angeles

by Amy Works November 9, 2026

LOS ANGELES — Cabot Properties has purchased a 5.4-acre site at 19701 Hamilton Ave. in Los Angeles’ South Bay submarket from a Brookfield-backed fund for an undisclosed price. The asset is fully entitled and permit-ready for the development of a 122,533-square-foot industrial facility designed to accommodate a wide range of manufacturing, warehouse and distribution uses. Brookfield’s BGRE operating team secured the entitlements. The property is also set within a federally designated Opportunity Zone. Chad Solomon, Patrick Nally, Makenna Peter, Shae Vomund, Zac Sakowski and Brianne Demus of JLL represented the seller in the transaction.

November 9, 2026

Acquisitions Arizona Retail Western

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7M

by Amy Works November 6, 2026

CHANDLER, CAVE CREEK, GILBERT, MESA AND TUCSON, ARIZ. — A&C Properties Inc. has completed the sale of Arizona Grocery Portfolio, a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen of JLL Capital Markets represented the seller in the transaction. Jarrod Howard of JLL arranged $66.4 million in acquisition financing through an insurance company for the buyer.

November 6, 2026

Arizona Loans Multifamily Western

CrossHarbor Capital Secures $78.5M in Construction Financing for Multifamily Community in Tempe

by Amy Works November 6, 2026

TEMPE, ARIZ. — CrossHarbor Capital Partners has received $78.5 million in construction take-out financing for The Alyssa, a Class A apartment property in Tempe. Brad Miner, Drew Lydon, Jack Kurchat and Henry Smith-Hastie of JLL Capital Markets Debt Advisory secured the loan form Corten Real Estate through its senior credit platform. Delivered in 2024, the four-story The Alyssa features 335 studio, one-, two- and three-bedroom floor plans ranging from 504 square feet to 1,658 square feet with an average unit size of 881 square feet. Unit interiors include natural stone countertops, Shaker-style cabinetry, wood-style flooring, custom pendant and under-cabinet lighting, stainless steel appliances, 10-foot ceilings in living rooms and full-size in-unit washers/dryers. The community features a resort-style amenity package, including a swimming pool with fountain features and sundeck, an outdoor lounge with fireplace and private dining spaces, Peloton-equipped fitness center with cardio and strength equipment, coworking lounges with coffee bar, 605-space controlled-access parking garage with EV charging stations and a community pet wash station.

November 6, 2026

Acquisitions Arizona Healthcare Western

Meridian, Harrison Street Dispose of 182,900 SF El Dorado Medical Plaza in Tucson

by Amy Works November 6, 2026

TUCSON, ARIZ.— Meridian and Harrison Street Asset Management have completed the sale of El Dorado Medical Plaza, a three-story healthcare campus located at 1400 N. Wilmot Road in Tucson. Franklin, Tenn.-based Medical Realty acquired the asset for an undisclosed price. Situated on 11.7 acres, El Dorado Medical Plaza offers 182,900 square feet of medical office space, a surgery center and hospital uses. The facility is anchored by Tucson Medical Center (TMC) and El Dorado Springs Behavioral Health, a Lifepoint Health behavioral health hospital. Meridian, in partnership with Harrison Street, negotiated a lease extension with TMC, which now occupies approximately 78,000 square feet of the property. JLL’s Medical Properties Group represented the seller in the deal. Andrew Milne, Evan Kovac, Matt DiCesare and Sam Prendergast of JLL facilitated the sale, while John Chun and Jarrod Howard of JLL arranged financing for the buyer. Meridian and Harrison Street purchased El Dorado Medical Plaza in March 2021 through a joint venture partnership. During its ownership, the joint venture invested in capital improvements at the property and worked with its major tenants on multi-year lease commitments and expansions.

November 6, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

SLIB Arranges Sale of 126-Bed Skilled Nursing Facility in Castle Rock, Colorado

by Amy Works November 6, 2026

CASTLE ROCK, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookside Inn, a skilled nursing facility located in Castle Rock, about 30 miles southeast of downtown Denver. A California-based skilled nursing operator acquired the asset from a Colorado-based entity, which has owned and operated the community since 1997, for an undisclosed price. The 43,184-square-foot property offers 126 beds. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB represented the seller in the transaction.

November 6, 2026

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