Western

CBRE Negotiates $45M Sale of Industrial Corporate Headquarters Facility in Carlsbad, California

by Amy Works July 9, 2026

CARLSBAD, CALIF. — CBRE has negotiated the $45 million sale of 2081 Faraday Avenue, an industrial corporate headquarters facility in Carlsbad. Majestic Asset Management acquired the property, which was fully leased at the time of sale, from an undisclosed investment and management company. Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller in the deal. Val Achtemeier of CBRE Capital Markets Debt & Structured Finance secured financing for the buyer. Built in 1997, the 157,973-square-foot facility has undergone significant capital and tenant improvements, including “high-end” interior finishes and upgraded amenities designed to support corporate headquarters operations. Situated on 9 acres, the facility features a stadium-style LED video board, an outdoor sport court, 26-foot clear heights, heavy power and dock-high and grade-level loading.

July 9, 2026

Arizona Development Industrial Western

Provident Industrial Breaks Ground on 163,000 SF Distribution Facility in Tucson, Arizona

by Amy Works July 9, 2026

TUCSON, ARIZ. — Dallas-based Provident Industrial has broken ground on a 163,000-square-foot distribution facility in Tucson. The development, which will be named Valencia Airport Center, will be situated on 10 acres and is projected to cost $25 million. Valencia Airport Center will feature trailer parking, concrete truck courts and perimeter fencing with controlled access for enhanced security and operations. Occupancy is slated for the second quarter of 2027.

July 9, 2026

Acquisitions California Restaurant Retail Western

Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles

by Amy Works July 9, 2026

WOODLAND HILLS, CALIF. — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant restaurant building located approximately 26 miles northwest of downtown Los Angeles in Woodland Hills. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, an undisclosed private investor.

July 9, 2026

Colorado Development Multifamily Texas Top Stories Virginia

Crow Holdings Receives $380.2M Refinancing for Multifamily Portfolio

by Hayden Spiess July 9, 2026

DALLAS — Crow Holdings, a privately owned real estate investment and development firm based in Dallas, has received $380.2 million for the refinancing of a multifamily portfolio. Totaling 1,549 units, the portfolio is located in Texas, Colorado and Virginia. The properties include Alexan Lower Greenville in Dallas; Alexan Braker Pointe and Alexan Waterloo in Austin, Texas; Alexan Julian in Denver; and Alexan Florence in Alexandria, Va. AllianceBernstein provided the financing. Andy Scott, Michael Cosby, Kris Lowe, Tom Burns and Bo Beidleman of CBRE secured the refinancing on behalf of the borrower. Trammell Crow Residential (TCR) developed each of the communities in partnership with Crow Holdings. Alexan Lower Greenville totals 475 units and was built in 2019. Built in 2023, Alexan Braker Pointe comprises 314 units across six stories. Alexan Waterloo was built in 2021 and features 272 units. Alexan Julian was built in 2020, and Alexan Florence was delivered a year later, in 2021, with 286 units. Based in Dallas, TCR is a real estate development company of Crow Holdings. Since its inception 45 years ago, the firm has built more than 291,000 multifamily units, with a local presence in 15 U.S. markets. — Hayden Spiess

July 9, 2026

Loans Multifamily Oregon Western

Gantry Places $40M in Loans for Suburban Portland Multifamily Communities

by Amy Works July 8, 2026

CLACKAMAS AND TIGARD, ORE. — Gantry has placed two $20 million permanent loans for a single sponsor to refinance maturing debt for a pair of apartment communities near Portland, Ore. Blake Hering and Kristin Lapinskas of Gantry’s Portland office arranged the loans on behalf of the undisclosed borrower. The five-year, fixed-rate, nonrecourse permanent loans were provided by one of Gantry’s correspondent life company lenders. The loans feature full-term, interest-only payment schedules. Gantry will also service the loans. The properties are Squires Court in Clackamas and Riverwood Heights in Tigard. Totaling 475 units, the garden-style assets feature a mix of one-, two- and three-bedroom floor plans. Community amenities include pools, clubhouses and “well-maintained” structures and landscaping.

July 8, 2026

Acquisitions Affordable Housing California Multifamily Western

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

by Amy Works July 8, 2026

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

July 8, 2026

California Loans Office Western

MMCC Arranges $5.7M in Financing for Office Property in Los Angeles

by Amy Works July 8, 2026

LOS ANGELES — Marcus & Millichap Capital Corp. (MMCC) has arranged $5.7 million in financing for an office building located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles. Situated near the California State University, Northridge campus, the 48,954-square-foot building is occupied by a tutoring service, internet service provider, computer repair service, consulting firm, real estate agency and an accounting firm. Dean Giannakopoulos of MMCC’s Chicago office originated the three-year loan at 65 percent loan-to-value through a regional bank on behalf of the undisclosed borrower. Other terms of the loan include a 6 percent interest rate and a 25-year amortization schedule.

July 8, 2026

Acquisitions Arizona Restaurant Retail Western

Cushman & Wakefield Brokers $2.4M Sale of Black Rock Coffee Bar in El Mirage, Arizona

by Amy Works July 8, 2026

EL MIRAGE, ARIZ. — Cushman & Wakefield has brokered the $2.4 million sale of a newly developed restaurant building located at 12443 NW Grand Ave. in El Mirage, located west of Glendale. The sales price was $2.4 million. Black Rock Store Operations LLC occupies the 620-square-foot building via one of its 181 Black Rock Coffee Bar locations across seven states. The coffee bar offers specialty coffee, energy drinks, breakfast sandwiches, bagels, egg bites and grab-and-go pastries. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the deal. Both parties were limited liability companies.

July 8, 2026

Acquisitions California Industrial Western

Northwestern Mutual Sells 281,999 SF Barranca Business Park in Irvine, California

by Amy Works July 7, 2026

IRVINE, CALIF. — Northwestern Mutual has sold Barranca Business Park, a 281,999-square-foot industrial property in Irvine. Borstein Enterprises acquired the asset for an undisclosed price. Situated on 16.2 acres at 15281-15399 Barranca Parkway, the mid-bay industrial park features 13 buildings with units ranging in size from 8,523 to 30,495 square feet. At the time of sale, the asset was 87 percent occupied. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller and buyer in the transaction.

July 7, 2026

California Industrial Leasing Activity Western

Auto Parts Distributor Signs Full-Building Industrial Lease in Chino, California

by Amy Works July 7, 2026

CHINO, CALIF. — An undisclosed auto parts distribution company has signed a lease to occupy Building 3 within Chino South Industrial Center. Originally constructed in 2014 at 16380 Euclid Ave., the 522,267-square-foot property features 32-foot clear heights, dock-high loading and a large truck court. The facility is located Gus Andros of DAUM Commercial and Nathan Lara, Andrew Lara, Rudy Lara and Jack Nersesian of Lara CRE represented the tenant in the lease negotiations. Steve Bellitti, Tom Taylor, Joey Jones and Evelyn Manning of Colliers represented the landlord.

July 7, 2026

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