Tuesday, October 7, 2025
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Home-Ranch-Commons-Yorba-Linda-CA
AcquisitionsCaliforniaHealthcareMixed-UseOfficeRetailWestern

IPA Negotiates $35.6M Sale of Home Ranch Commons Medical, Retail Center in Yorba Linda, California

by Amy Works

YORBA LINDA, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Home Ranch Commons, a mixed-use medical and retail property in Yorba Linda. Greenbridge Partners sold the asset to Optimus Properties LLC for $35.6 million. Tom Lagos, Mark DeGiorgio, Jose Carrazana and Patrick Toomey of IPA represented the seller in the transaction. Built in 1984 and renovated in 2018, the 60,737-square-foot Home Ranch Commons is co-anchored by UCI Health and Kiddie Academy. Additional tenants at the property include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., Coder School and Torkian Aesthetic Center.

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Sundance-Milton-WA
AcquisitionsMultifamilyWashingtonWestern

Pathfinder Partners Acquires 105-Unit Sundance Multifamily Community in Milton, Washington

by Amy Works

MILTON, WASH. — San Diego-based Pathfinder Partners has purchased Sundance, a 105-unit apartment property in Milton, a suburb south of Seattle, from SEB Inc. The purchase price was $28.1 million, or $268,000 per unit. Located at 210 27th Ave., Sundance offers 18 one-bedroom/one-bath units, 42 two-bedroom/one-bath units, 24 two-bedroom/two-bath units and 21 three-bedroom/two-bath units ranging from 725 square feet to 1,160 square feet spread around nine three-story residential buildings. Units include washers/dryers, nine- and 10-foot ceilings on the upper floors, electric fireplaces, private decks or patios and walk-in closets. Onsite amenities include a pool, hot tub, community picnic area with barbecue grills, a playground and 24 detached garages, as well as a community building with a clubhouse, leasing office and fitness center.

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3255-W-500-South-Salt-Lake-City-UT
AcquisitionsIndustrialUtahWestern

ViaWest Group Sells 40,709 SF Warehouse in Salt Lake City

by Amy Works

SALT LAKE CITY — Arizona-based ViaWest Group has completed the sale of a freestanding warehouse located at 3255 W. 500 South in Salt Lake City. A St. Louis-based private real estate investment firm acquired the asset for an undisclosed price. Built in 2016 on 2.2 acres, the property offers 40,709 square feet of single-tenant space, which is fully leased on a long-term basis to a provider and distributor of industrial and manufacturing products. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield represented the seller in the deal. Phillip Eilers and Jon Schreck of Cushman & Wakefield provided market leasing services.

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AcquisitionsColoradoIndustrialWestern

Unique Properties Arranges $1.6M Sale of Industrial Building in Denver

by Amy Works

DENVER — Unique Properties Inc./TCN Worldwide has brokered the sale of an industrial building located at 1301 S. Cherokee St. in Denver. The 11,102-square-foot property traded for $1.6 million, or $144 per square foot. The names of the seller and buyer were not released. Michael DeSantis, Brett MacDougall and Carson Lang of Unique Properties brokered the sale.

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DevelopmentIndustrialLoansMichiganMidwest

Department of Commerce to Provide $325M in CHIPS Funding for Hemlock Semiconductor Facility in Michigan

by Kristin Harlow

HEMLOCK, MICH. — The U.S. Department of Commerce has awarded Hemlock Semiconductor (HSC) up to $325 million in direct funding under the CHIPS Incentive Program’s Funding Opportunity for Commercial Fabrication Facilities. The funding will support the construction of a new manufacturing facility in Hemlock, about 65 miles north of Lansing. The project is expected to create approximately 180 manufacturing jobs and over 1,000 construction jobs. HSC is the only U.S.-owned manufacturer of hyper-pure polysilicon.

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DevelopmentHospitalityMidwestMultifamilyOhio

Kassouf Development to Build Dual-Branded W Residences, W Hotels Project in Downtown Cleveland

by Kristin Harlow

CLEVELAND — Kassouf Development has closed on financing for the Erieview Tower & Galleria redevelopment in downtown Clevleand. The developer will convert the property into a dual-branded W Residences and W Hotels by Marriott project. Plans call for 227 residences and 210 luxury hotel rooms. Residents will have access to concierge services, housekeeping, a doorman, bellman and butler services in addition to all hospitality and experiential amenities as well as access to the connected retail Galleria. The hotel component will feature a rooftop bar, fine dining restaurant, spa, fitness center, lobby lounge, office spaces and a 15,000-square-foot ballroom. The project marks the first W Hotels offering in Ohio. The development’s price tag is more than $218 million. The dual-branded W Residences and W Hotels concept is offered by Marriott worldwide, and there are eight locations in the United States. The existing Erieview Tower & Galleria is listed on the National Register of Historic Places. Construction will be completed in phases, with residential construction commencing immediately and hotel construction beginning later this year. Completion is slated for late 2026. The Kassouf family purchased Erieview Tower in 2018 and has worked since the acquisition to secure the various capital sources needed to …

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AcquisitionsAffordable HousingMidwestMinnesotaMultifamily

JLL Brokers Sale of 84-Unit Affordable Housing Portfolio in Rural Minnesota

by Kristin Harlow

BRAHAM AND SANDSTONE, MINN. — JLL Capital Markets has brokered the sale of a two-property affordable housing portfolio totaling 84 units in rural Minnesota for an undisclosed price. Braham Meadows in Braham was built between 1978 and 1980. There are 42 units averaging 1,024 square feet each. Sandy Pines in Sandstone was built in 1979. There are 42 units across 47,400 square feet of rentable space. Both properties operate under project-based Housing Assistance Payments contracts and maintain 88 percent occupancy rates. JLL represented the seller, Gaughan Cos. The sales were part of a larger affordable housing portfolio consisting of five assets with 256 units. The locally based buyer specializes in acquisition rehabs to maintain long-term viability of apartment communities.

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AcquisitionsHospitalityMidwestWisconsin

Marcus & Millichap Arranges Sale of 66-Room Country Inn & Suites Hotel in Little Chute, Wisconsin

by Kristin Harlow

LITTLE CHUTE, WIS. — Marcus & Millichap has arranged the sale of the Country Inn & Suites by Radisson, Appleton North hotel in Little Chute, about 25 miles southwest of Green Bay. The 66-room property is located at 130 Patriot Drive just off I-41. Amenities include an indoor pool, whirlpool, waterslide, waterpark, fitness center, business center, guest laundry, recreational vehicle parking and 400 square feet of meeting space. The asset will continue to operate as a Country Inn & Suites and is set to undergo a renovation. Ebrahim Valliani and Michael Klar of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies.

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AcquisitionsLoansMultifamilyNew JerseyNortheastTop Stories

IPA Capital Markets Arranges $174M in Acquisition Financing for Northern New Jersey Multifamily Property

by Kristin Harlow

WEST NEW YORK, N.J. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit multifamily property in West New York. Built in 2006, the community is situated adjacent to the Hudson River and directly across from Manhattan. Amenities include onsite retail, a heated swimming pool, fitness center, yoga studio, business center and grilling stations. Monthly rents at 55 Riverwalk Place start around $2,900, according to the property’s website. Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh of IPA arranged the financing through Bank of America on behalf of the borrower, a joint venture between a New York City-based multifamily owner/operator focused on acquiring value-add apartment assets in the Northeast and a global institutional investment manager. Both parties requested anonymity. Kazanjian says that the acquisition represents a significant value-add opportunity for the sponsor. — Kristin Harlow

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EastVillage-Austin
LoansMixed-UseTexas

Cottonwood Group Provides $284M in Financing for East Austin Mixed-Use Development

by Taylor Williams

AUSTIN, TEXAS — Cottonwood Group, a real estate private equity firm with offices in Boston, Los Angeles and New York, has provided $284 million in financing for EastVillage, a 425-acre mixed-use development that is underway in East Austin. The senior bridge loan supports the recapitalization of a 312-unit multifamily property known as The Vaughan; an under-construction mixed-use multifamily and retail complex known as The Janis; 19 entitled land parcels; and the remaining unsold luxury units at The Linden Residences. Buffalo-based Reger Holdings is the master developer of EastVillage, which also recently added several new retailers to its tenant roster. Newmark arranged the debt.

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