Western

PMB, Pillar Properties to Develop 224-Unit Seniors Housing Community at San Diego State University

by Amy Works August 13, 2026

SAN DIEGO — PMB and Pillar Properties will develop a 224-unit senior living community at San Diego State University. Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature independent and assisted living units, as well as 26 memory care residences. Amenities at the property will include a restaurant and bistro, community room, fitness center, rooftop deck, pool and outdoor courtyard. Urbal Architecture is serving as the architect. Construction is scheduled to begin at the end of 2027, with completion expected in 2030. Merrill Gardens will manage the community. The project is subject to approval by the California State University governing Board of Trustees. Once open, the university plans to partner with Merrill Gardens to provide students with internships, employment and community engagement opportunities. Residents will have access to campus programming and learning opportunities, and the community will collaborate with SDSU’s Center for Excellence in Aging and Longevity.

August 13, 2026

Acquisitions California Retail Western

RPG Acquires 4,939 SF Multi-Tenant Retail Property in Suburban San Diego

by Amy Works August 13, 2026

ENCINITAS, CALIF. — RPG has acquired a 4,939-square-foot multi-tenant retail property located in Encinitas, roughly 25 miles north of downtown San Diego. The building was fully leased at the time of sale to five tenants, including three retailers and two restaurants. The seller and terms of the transaction were not released.

August 13, 2026

Colorado Development Multifamily Student Housing Western

Landmark Properties Completes 397-Bed Student Housing Development Near Colorado State University

by Amy Works August 12, 2026

FORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins. The six-story community was developed in partnership with Silverpeak Real Estate Partners and Peninsula Investments. The property offers 193 fully furnished units in a mix of studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a heated outdoor pool, sky deck and lounge, gaming lawn, hammock grove, fitness center, coffee bar, sports simulator, private study and coworking rooms, three courtyards, multiple fire pits with seating areas, outdoor grilling space and a wellness center. The development team for the project included Mode 3 Architecture and Landmark Construction.

August 12, 2026

Acquisitions California Retail Western

JLL Negotiates $30.4M Sale of Fully Leased Retail Center in Chula Vista, California

by Amy Works August 12, 2026

CHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a fully leased retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the property to an undisclosed buyer. Located at 390 H St., Terra Nova Plaza features 96,114 square feet of retail space that is home to a 44,477-square-foot Dick’s Sporting Goods store and a 51,637-square-foot Floor & Decor store, both of which are subject to long-term leases. Gleb Lvovich, Daniel Tyner and Geoff Tranchina of JLL Capital Markets represented the seller in the transaction.

August 12, 2026

Acquisitions Arizona Industrial Western

INDUS Realty Trust Acquires 418,000 SF Warehouse in Phoenix

by Amy Works August 12, 2026

PHOENIX — INDUS Realty Trust has aacquired 418,000-square-foot warehouse in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building can support distribution uses and features “ample” loading doors and trailer parking with 180-foot deep, fully secured and gated truck courts. Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West arranged the transaction.

August 12, 2026

Acquisitions California Retail Western

Newmark Pacific Arranges $16.5M Sale of Link OC Retail Center in Anaheim

by Amy Works August 12, 2026

ANAHEIM, CALIF. — Newmark Pacific has arranged the $16.5 million sale of Link OC, a shopping center in Anaheim. An undisclosed seller sold the property to Northpond Acquisition. Located at 1071, 1081 and 1095 N. Tustin Ave., Link OC features 26,385 square feet of necessity-based retail space and was fully leased at the time of sale. Current tenants include Reborn Coffee, Wendy’s, Byblos Mediterranean Grill, Pampanga Food Co., Spin Poke & Grill and MD Clinics Urgent Care. The property was renovated in 2017. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark Pacific represented the seller in the deal.

August 12, 2026

Acquisitions California Multifamily Western

Jackson Square Properties Acquires Multifamily Community in Marina del Rey, California for $170M

by Amy Works August 11, 2026

MARINA DEL REY, CALIF. — Affiliates of Jackson Square Properties have acquired Shores, an apartment property in the coastal city of Marina del Rey, from a company doing business as Shores LLC. The sales price was $170 million. Cox, Castle & Nicholson LLP served as counsel to the seller in the transaction, which is one of the largest commercial real estate transactions in Los Angeles County this year, according to the team that worked on the deal. Completed in 2013, Shores features 544 residences across 12 interconnected five-story buildings. The marina-adjacent property offers mostly one- and two-bedroom apartments as well as a resort-style amenity package centered around a 2.5-acre park-like courtyard with a pool, dual spas, fire pits, barbecue areas, bocce court and sky terraces. The transaction team included Rutan & Tucker as counsel to the buyer; Glaser Weil as counsel to the County of Los Angeles; JLL as sale broker; and First American Title Insurance Co.

August 11, 2026

California Development Multifamily Student Housing Western

Joint Venture Delivers 265-Bed Student Housing Development Near University of California, Berkeley

by Amy Works August 11, 2026

BERKELEY, CALIF. — A joint venture between Canyon Partners Real Estate, The Martin Group and Valiance Capital has delivered The Valiant, a 265-bed student housing development located near the University of California, Berkeley campus. The eight-story building spans 80,500 square feet and offers 83 units in a mix of studio, one-, two-, three- and four-bedroom configurations. The property also features ground floor retail space. Shared amenities include a lobby and social lounge, 24-hour fitness center, group study space and a rooftop lounge. Studio KDA designed the project.

August 11, 2026

Loans Multifamily Nevada Western

Newmark Provides $33.5M Agency Loan for Refinancing of Reno Multifamily Property

by Amy Works August 11, 2026

RENO, NEV. — Newmark has provided a $33.5 million Fannie Mae loan for the refinancing of Ascent on Steamboat, a 204-unit community in Reno that is owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi originated the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old Southwest neighborhood, Ascent on Steamboat comprises one- and two-bedroom units and a pool, fitness center and clubhouse.

August 11, 2026

Development Nevada Retail Western

Agora Realty Completes Construction of 90,750 SF Grocery-Anchored Retail Center in North Las Vegas

by Amy Works August 11, 2026

LAS VEGAS — Agora Realty has completed construction of Hylo Park South, a 90,750-square-foot grocery-anchored retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community that is currently under development. Cardenas Markets anchors the 11-acre center, which was delivered 95 percent leased. Tenants include Ross Dress for Less, Starbucks Coffee, Chipotle Mexican Grill, In-N-Out Burger, PDS Health, AT&T, The UPS Store, Chase Bank, Allstate, Sourdough & Co. and Tesla.

August 11, 2026

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