Wednesday, May 13, 2026
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2500-Campbell-Pl-Carlsbad-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Westport Properties Buys 2,284-Unit Self-Storage Portfolio in Southern California

by Amy Works

CARSON AND CARLSBAD, CALIF. — Westport Properties has acquired a self-storage portfolio comprising two StorQuest Self Storage-managed assets in Carson and Carlsbad. Terms of the transaction were not released. Built in 2006 on 4.5 acres, the Carson property is located at 17106 Avalon Blvd. The Carlsbad property is located at 2500 Campbell Place and was built in 2008 on 3.4 acres. The portfolio totals 270,841 rentable square feet and 2,284 self-storage units. At the time of sale, the portfolio was 90 percent leased. Greg Wells, Kevin Cuff, Luke Elliott and Mike Mele of Cushman & Wakefield’s Self Storage Advisory Group represented the undisclosed seller in the transaction.

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4500-Park-Granada-Calabasas-CA
AcquisitionsCaliforniaOfficeWestern

Gemdale USA Sells 222,667 SF Office Building in Calabasas, California

by Amy Works

CALABASAS, CALIF. — Gemdale USA has completed the disposition of 4500 Park Granada, a three-story Class A office building in Calabasas, to a joint venture between Cross Ocean Partners and Palisade Group for an undisclosed price. Situated on 20 acres, the 222,667-square-foot property offers courtyards, landscaped gardens and executive parking. Originally developed as a corporate headquarters facility for Lockheed Martin and later serving as the headquarters for Countrywide, the asset operated as a single-tenant campus for nearly 20 years. Recently, the building underwent an extensive renovation to improve efficiency and sustainability, as well as conversion to a multi-tenant office building. At the time of sale, 4500 Park Granada was fully leased to seven tenants across diverse industries, including consumer goods (44 percent), insurance (30 percent), hospitality (14 percent), coworking (8 percent) and financial services (3 percent). Kevin Shannon, Ken White, Rob Hannan, Michael Moll, Laura Stumm and Alex Beaton of Newmark represented the seller in the deal. Jonathan Firestone, Blake Thompson and Henry Cassiday of Newmark Global Debt & Structured Finance offered market financing guidance during the sale.

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Chandler-Freeways-Biz-Park-Chandler-AZ
ArizonaDevelopmentIndustrialWestern

Ryan Cos., Alidade Capital Break Ground on Chandler Freeways Business Park in Arizona

by Amy Works

CHANDLER, ARIZ. — A joint venture between Ryan Cos. and Alidade Capital has closed financing and broken ground on Chandler Freeways Business Park, located southeast of Loop 202 and Interstate 10 in Chandler. The project includes converting a former office building, which was originally built by Ryan Cos. in 2003, into an 87,600-square-foot, single-story Class A industrial building, and constructing a 102,875-square-foot Class A industrial building. Chandler Freeways Business Park will feature full concrete truck courts, reinforced speed bays, speculative office suites, warehouse lighting, the capacity for high power, a total of 26 dock-high doors and 301 vehicle parking stalls. Butler Design Group is the architect of record. Mark Krison, Luke Krison and Armand Doost of CBRE are marketing the project for lease.

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ColoradoDevelopmentLoansMultifamilySeniors HousingWestern

Colliers Mortgage Provides $19.3M HUD-Insured Loan for Seniors Housing Project in Erie, Colorado

by Amy Works

ERIE, COLO. — The Minneapolis office of Colliers Mortgage has provided a $19.3 million HUD 213 loan for the construction of Village Cooperative of Erie, an age-restricted cooperative residential property in Erie. The borrower is Village Cooperative of Erie. The property will feature 64 one-, two- and two-bedroom plus den units with stainless steel appliances, nine-foot ceilings and in-unit washers/dryers. Community amenities will include underground heated parking, a fitness center, community room with serving kitchen and private meeting room, hobby room, parcel/mail room, on-site management, an elevator, community deck and garden plots.

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Escondido-Logistics-Center-Escondido-CA
CaliforniaDevelopmentIndustrialWestern

RAF Pacifica Group Completes 146,000 SF Industrial Complex in Escondido, California

by Amy Works

ESCONDIDO, CALIF. — RAF Pacifica Group (RPG) has completed the development of Escondido Logistics Center, located at lots 10-18 within Escondido Technology and Research Park. The $60 million, 146,000-square-foot project includes two free-standing buildings featuring 28-foot clearances, heavy power and above-standard loading positions. San Diego Water Authority, represented by Colliers, acquired the 88,000-square-foot building upon completion of the project. The 58,000-square-foot building is being marketed for lease or sale by Aric Stark and Drew Dodds of Cushman & Wakefield.

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Annie-Richardson-Bass-Lower-School-Fort-Worth-Country-Day
CivicDevelopmentTexas

Linbeck Completes $25M Lower School for Fort Worth Country Day

by Taylor Williams

FORT WORTH, TEXAS — Locally based general contractor Linbeck Group has completed the $25 million Annie Richardson Bass Lower School at the 104-acre campus of private school Fort Worth Country Day. The 32,720-square-foot building can support about 325 students in grades first through fourth. Academic facilities include a library, two science labs, breakout study rooms and administrative offices for support counselors and healthcare personnel, as well as outdoor learning areas. San Antonio-based Lake|Flato Architects designed the project, and Dallas-based Hocker Design provided landscape architecture services. Construction began in early 2024.

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Lakeshore-at-Preston-Apartments-Plano
AcquisitionsMultifamilyTexas

Comunidad Partners Acquires 302-Unit Lakeshore at Preston Apartments in Plano

by Taylor Williams

PLANO, TEXAS — Comunidad Partners, an investment firm that specializes in affordable and workforce housing, has acquired the 302-unit Lakeshore at Preston Apartments in Plano. A lake lies at the epicenter of the garden-style property, which offers one- and two-bedroom units that are reserved for households earning 80 to 100 percent of the area median income. Other amenities include a pool, lounging areas, pickleball court and beach volleyball courts. CBRE represented Comunidad Partners and the seller, Chicago-based Waterton, in the transaction.

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AcquisitionsMidwestMissouriMultifamily

MLG Capital Acquires 336-Unit Summit Crossing Multifamily Community in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — MLG Capital has acquired Summit Crossing, a 336-unit multifamily property in Kansas City. The purchase price and seller were undisclosed. The garden-style townhome and apartment community was built in 2019. Amenities include two heated pools, a clubhouse, fitness center, business center and pickleball courts. Summit Crossing marks MLG’s fourth acquisition in metro Kansas City and brings its total number of units owned in the market to 1,249.

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AcquisitionsIndianaIndustrialMidwest

CBRE Negotiates $12.7M Sale-Leaseback of Industrial Portfolio in Indianapolis

by Kristin Harlow

INDIANAPOLIS — CBRE has negotiated the sale-leaseback of an industrial portfolio in Indianapolis for $12.7 million. Located on nearly 15 acres at 1220, 1254 and 1310 S. West St., the portfolio comprises three buildings and a truck and trailer lot. The seller, Sodrel Truck Lines Inc., will lease back all of the properties for at least one year. The property at 1310 S. West St. is home to a truck terminal building totaling 25,856 square feet that features 70 dock-height doors and four drive-in doors as well as five driver rest suites, a driver lounge, exercise facility and service garage. The two buildings at 1254 S. West St. feature one truck maintenance building (19,180 square feet) and a truck wash and fueling building (4,358 square feet). The last parcel includes a 6.1-acre paved and fenced truck and trailer lot. The site houses more than 180 trailers. Kevin Foley, Austin Wolitarsky, Anthony DeLorenzo, Bryan Johnson, JD Graves and Sarah Greer of CBRE represented the seller. A private high-net-worth investor was the buyer.

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LoansMidwestMinnesotaOffice

Cushman & Wakefield Arranges $11.3M Refinancing for Office Building in Edina, Minnesota

by Kristin Harlow

EDINA, MINN. — Cushman & Wakefield has arranged an $11.3 million take-out refinancing package for The E, a boutique office building in the Minneapolis suburb of Edina. Located at 7201 Metro East Blvd., The E totals 108,000 square feet. Constructed in 1981 and fully renovated and rebranded in 2021, the property is 94 percent occupied by 11 tenants. More than 97,000 square feet of new tenancy followed a $6.7 million renovation of the asset. Adam Hoffman, Jeff Altenau, Zach Yarnoff and Avery Ticer of Cushman & Wakefield represented the owner, City Center Realty Partners/Contrarian Capital Management, in securing the bank financing.

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