NEW YORK CITY — Global alternative investment firm Investcorp has completed the $400 million acquisition of an industrial portfolio located in markets across the Eastern and Western United States. The seller was not disclosed. Totaling 2.6 million square feet, the portfolio comprises 35 buildings across seven markets. Properties in the portfolio include a 76,000-square-foot, two-building portfolio in Philadelphia; a 44,000-square-foot building in New Jersey; 92,000 square feet across two buildings on Long Island; a 1.3 million-square-foot logistics portfolio in Sacramento, Calif.; 156,000 square feet across two buildings in Tampa, Fla.; a 115,000-square-foot, three-building portfolio in South Florida; and a 12-building, 814,000-square-foot portfolio on Atlanta’s north side. Average occupancy across the portfolio was at 97 percent as of October. According to Green Street Advisors, each of the seven markets associated with the portfolio saw strong demand growth in the industrial sector during the third quarter of 2025. The firm noted that new supply in these markets makes up less than 1.3 percent of current inventory. “Despite shifting trade dynamics and supply chain disruptions across the country, the U.S. industrial sector has retained its foundational strength,” says Herb Myers, global head of real assets at Investcorp. “This is particularly true for these and similar …
Western
Bridge Logistics Properties Buys 1.1 MSF Distribution Facility in Fontana, California for $174M
by Amy Works
FONTANA, CALIF. — Bridge Logistics Properties (BLP) has acquired a 1.1 million-square-foot multi-tenant distribution facility in Fontana for $174 million in an off-market transaction. Additional details of the transaction were not released. Michael Hefner, Juan Guiterrez and Shy Assar of Voit Real Estate Services Anaheim-Ontario brokerage team represented the buyer in the deal. Situated on 45.9 acres at 10681 Production Ave., the cross-dock distribution center features 220 dock-high loading doors, 185-foot truck courts, 274 trailer parking stalls, an ESFR sprinkler system and immediate access to Interstate 10.
SAN DIEGO — Bravo Capital has provided a $49.4 million HUD 223(f) refinance for a 206-unit multifamily property in San Diego. The loan provides the undisclosed borrower with long-term, fixed-rate, nonrecourse financing and improves cash-flow stability. The HUD loan refinanced the property’s existing debt and secured favorable terms for the borrower, according to Bravo.
S3 Hotel Group Receives $38.6M Refinancing for Dual-Branded Hotel in Lake Forest, California
by Amy Works
LAKE FOREST, CALIF. — S3 Hotel Group has received $38.6 million in refinancing for the 208-key, dual-branded Homewood Suites by Hilton and Hampton Inn Irvine Spectrum Lake Forest hotel. Olga Walsh of JLL Capital Markets Debt Advisory led the team to secure a five-year, fixed-rate loan through a private wealth management division of a global financial services firm for the borrower. Located at 23021 Lake Center Drive in Lake Forest, the property features 116 Homewood Suites rooms and 92 Hampton Inn rooms. The Homewood Suites offers extended-stay accommodations with full kitchens, dishwashers and cooking utensils, while Hampton Inn rooms provide traditional hotel amenities with modern furnishings. Onsite amenities include 2,000 square feet of meeting space, a 24-hour fitness center, an outdoor pool with barbecue facilities, guest laundry, complimentary hot breakfast buffet, evening bar service and a 24-hour convenience shop. The Homewood Suites portion features additional amenities including complimentary evening social events Monday through Thursday.
COACHELLA, CALIF. — JLL Capital Markets has arranged the sale of Coachella Plaza, a shopping center located at 50249 Cesar Chavez St. in Coachella. The asset traded between two private investors for $12.9 million. Planet Fitness, WSS, Absolute Dollar and Innercare are tenants at the fully occupied, 84,820-square-foot property, which is shadow anchored by Cardenas Markets. Max Kinsbruner and Brian Quinn of JLL represented the seller and buyer in the deal.
TUCSON, ARIZ. — Marcus & Millichap has arranged the $3 million sale of a restaurant property located at 6210 E. Broadway Blvd. in Tucson. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the seller, an Arizona-based limited liability company, through a partnership with DSW Commercial Real Estate and Iridius Capital, and procured the buyer, a California-based limited liability partnership. Starbucks Coffee occupies the 2,200-square-foot property, which was built in 2024, on a new 10-year, corporate guaranteed net lease.
SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December. The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed the West Tower. Upon completion, the project will add 202 independent living apartments, replacing a West Wing built in the 1980s. Apartment sizes within the West Tower will range from 861 to 2,206 square feet, with one- and two-bedroom layouts. Amenities at the building will include underground parking, resident gardens, a garden lounge, event spaces and a rooftop dining and lounge space. The bonds include short-term, fixed-rate Series B bonds to be repaid at roughly 80 percent occupancy and long-term, fixed-rate Series A bonds amortizing over 36 years through Jan. 1, 2061. “This financing package will directly support resident well-being, staff excellence and our mission to serve both middle-market and …
SAN FRANCISCO — Jonathan Rose Cos. has opened Oscar James Residences, located about 1.4 miles from the 866-acre Hunters Point Shipyard in San Francisco. The project marks New York City-based Jonathan Rose Cos.’ first ground-up development in San Francisco and its second in California. Oscar James Residences was co-developed with nonprofit partner Bayview Senior Services, though the project is conventional affordable housing, not seniors housing. The $132.9 million project was made possible through a combination of public and private funding sources, with Bank of America serving as an equity investor and conventional lender. The two-building complex features 49 one-bedroom, 31 two-bedroom, 23 three-bedroom, eight four-bedroom and one five-bedroom unit. The apartments are reserved for families earning between 30 and 50 percent of the area median income. The John Stewart Co. is the property manager. According to Bayview Senior Services, Oscar James Residences represents the agency’s second multifamily housing development focused on rebuilding the Hunters Point Shipyard to give back to the descendants of shipyard workers and their neighbors. The shipyard was established in 1870 and purchased by the U.S. Navy in 1940. The Navy conducted studies on the impact of nuclear weapons at the site before it was decommissioned in …
SEATTLE — Clarion Partners has sold Walton Lofts, a 136-unit high-rise property located at 75 Vine St. in Seattle’s Belltown neighborhood. The Schuster Group developed the building in 2015. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented Clarion. Neither the buyer nor the sales price was disclosed, but Clarion purchased the property in 2016 for about $76 million. Walton Lofts includes studios, one- and two-bedroom units. Amenities include a rooftop lounge with panoramic views of Elliott Bay, the Olympic Mountains and downtown Seattle, a library and a fitness center.
Ethos, Vance Begin Development of 222-Unit Multifamily Project in Vancouver, Washington
by Amy Works
VANCOUVER, WASH. — Ethos Development and Vance Development have broken ground on Ellison Ridge, an apartment property located in Vancouver. Totaling 200,000 square feet, the two- and three-story multi-building property will feature 222 apartments, a pool, fitness center, community kitchen and living room, children’s play area and pickleball court. Twenty percent of the units will be available to residents earning no more than 80 percent of the area median income through the Clark County, Wash., multifamily tax-exemption program. Leeb Architecture of Portland, Ore., designed the project, while Vancouver-based Team Construction is serving as general contractor. Portland-based Ethos Commercial Advisors provided debt advisory services.