Western

Cavan Cos. Sells 334-Unit BTR Community in Phoenix for $112.5M

by Amy Works July 28, 2026

PHOENIX — Scottsdale, Ariz.-based Cavan Cos. has completed the $112.5 million sale of Bungalows on Camelback, a 334-unit built-to-rent community at 4747 N. 99th Ave. in Phoenix. A California-based private investor has acquired the property for $336,826 per unit. Mark Forrester, John Cunningham, Charles Steele and Rick Holway of Berkadia Phoenix represented the seller in the transaction. Completed in 2024, Bungalows on Camelback features 334 one-, two- and there-bedroom single-story rental homes with 10-foot ceilings, walk-in closets and private backyards with turf. Common area amenities include a greenbelt, oversized clubhouse/fitness center, resort-style pool, covered parking and detached garages.

July 28, 2026

Acquisitions Mixed-Use Nevada Restaurant Retail Western

Alturas Capital Partners Acquires 421,000 SF Legends at Sparks Marina in Sparks, Nevada

by Amy Works July 28, 2026

SPARKS, NEV. — Idaho-based Alturas Capital Partners has purchased Legends at Sparks Marina, a 421,000-square-foot mixed-use lifestyle center in Sparks. Terms of the transaction were not disclosed. The transaction, which closed on July 23, will be added to the Alturas Real Estate Fund. This acquisition brings the company’s assets under management to $850 million and 4.6 million square feet. Legends at Sparks Marina features national and regional tenants, including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s.

July 28, 2026

California Development Retail Western

Sony Pictures, Alamo Drafthouse Cinema to Restore Hollywood’s Cinerama Dome

by Amy Works July 28, 2026

LOS ANGELES — Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema have announced plans to reopen and restore Cinerama Dome, a historic move theater located on Sunset Boulevard in Hollywood. Opened in 1963, it is the world’s first all-concrete, geodesic dome that features an 86-foot curved screen. Following a six-year shutdown that began during the COVID pandemic, the Dome will undergo restorative renovations starting next month through early 2028. Alamo Drafthouse Cinema will operate the movie theater. As part of the deal, SPE will also reopen the adjacent 14-screen theater complex, formerly ArcLight Cinemas, as an Alamo Drafthouse Cinema. The theater will offer Alamo Drafthouse presentations and dine-in services, curated programming, revival screenings, events, designated karaoke rooms and fan celebrations. In addition, the complex will retain 35mm capabilities to showcase archival film prints and house multiple screens with immersive audio and 4K laser projection, including 70mm capabilities. In 2015, Alamo Drafthouse restored San Francisco’s historic New Mission Theater — now called the Christopher Nolan Cinema — transforming a 20-year vacant landmark into one of the city’s premier destinations for film. Alamo Drafthouse’s restoration of the theater preserved the famous Art Deco façade and historic architectural details, including that of the original …

July 28, 2026

Acquisitions Arizona Net Lease Retail Western

Cushman & Wakefield | PICOR Brokers Sale of Retail Property in Tucson, Arizona

by Amy Works July 28, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN Investment. Dave Hammack of Cushman & Wakefield | PICOR represented the seller in the deal.

July 28, 2026

California Content Partner Features Loans Multifamily Northeast Regions Real Estate Capital Markets Southeast Western

Resilient Demand in Key Regions Supports Multifamily Through Midyear Challenges

by Sarah Daniels July 28, 2026

By Ann Atkinson, Regions Real Estate Capital Markets Midway through 2026, the multifamily industry appears to be holding steady. By many accounts, fundamentals are weathering uncertainties across the economy, job markets and geopolitical arenas. While some key metrics have softened, the overall health of the apartments sector demonstrates how essential this class of real estate is. Simply stated, everyone needs a safe place to call home. Sustained demand for rental units remains central to the sector’s health, and conditions in the for-sale market continue to shape that demand directly. For many households, homeownership has become increasingly out of reach. Affordability has eroded sharply over the past decade, driven by land use restrictions, constrained housing supply and a widening gap between mortgage costs and income, according to an October Goldman Sachs’ U.S. outlook for housing supply and affordability. Elevated interest rates in recent years have only added to the strain. Together, these factors are keeping many Americans in rentals far longer than they might have planned. Even with strong demand, the apartments market isn’t without challenges. The industry is still working through the surge in new unit supply that hit the market over the past few years. As a result, rents …

July 28, 2026

Arizona Development Industrial Western

GO Industrial, Willmeng Construction Break Ground on 1.1 MSF Spec Industrial Building in Tolleson, Arizona

by Amy Works July 27, 2026

TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park neighborhood, the property will feature 40-foot clear heights, 190 dock-high doors, four grade-level doors and all-concrete, 245-foot truck courts. Additionally, the air-conditioning-ready warehouse will include 1,200 parking spaces for cars, 113 spots for trucks and trailers, 3,600 amps of expandable power and perimeter fencing with seven rolling gates. Designed by DLR Group, GO|99 North will complement GO|99 South, a three-building, 1.3 million-square-foot industrial park.

July 27, 2026

Colorado Development Multifamily Western

Livmark Communities Breaks Ground on 457-Unit Multifamily Project in Fort Collins, Colorado

by Amy Works July 27, 2026

FORT COLLINS, COLO. — Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit multifamily project in Fort Collins. Once complete, The Collins will feature 233 one-bedroom units, 160 two-bedroom apartments and 64 three-bedroom residences. Units will include quartz countertops, balconies, 36-inch bathtubs, kitchen islands, full-size washers and dryers, walk-in closets, luxury vinyl plank flooring and smart thermostats and locks. Community amenities will include a clubhouse, fitness room with yoga studio, sauna, golf simulator, pool and hot tub with cabanas, turf lounge area with cornhole, rooftop decks facing the mountains, controlled access, locked bike storage, elevators, community-wide gig-speed WiFi and garages with EV charging. The all-electric design will also include solar panels. The first units are slated for delivery in spring/summer 2027. Concord Summit Capital arranged a previously announced $115.5 million construction loan for the project.

July 27, 2026

Acquisitions Arizona Industrial Self-Storage Western

Marcus & Millichap Brokers Sale of 364-Unit StorQuest Self Storage Facility in Mesa, Arizona

by Amy Works July 27, 2026

MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the deal. Built in 1982 on 2.4 acres, StorQuest Self Storage features a fortress-style layout with stucco exteriors, metal roll-up doors and standing seam metal roofs. The property offers 39,225 net rentable square feet.

July 27, 2026

Development Industrial Oregon Western

Prologis Underway on 271,828 SF Industrial Facility in Portland

by Amy Works July 27, 2026

PORTLAND, ORE. — Prologis is underway on construction of a 271,828-square-foot industrial facility at 3509 N.E. Columbia Blvd. in Portland. Daimler Truck North America (DTNA) will occupy the building, which will be known as Prologis Broadmoor, to support its aftermarket parts distribution operations. The Class A property will feature 36-foot clear heights and an 8,750-square-foot office space. Construction began in April 2026, with shell completion expected for early 2027. Prior to vertical construction, Prologis completed significant wetlands restoration project involving approximately 45 acres of land surrounding the facility that previously supported water- and fertilizer-intensive golf course operations.

July 27, 2026

California Life Sciences Loans Western

Breakthrough Properties, Tishman Speyer Provide $90M Loan for 538,000 SF Life Sciences Campus in San Diego

by Amy Works July 24, 2026

SAN DIEGO — Breakthrough Properties and Tishman Speyer have provided a $90 million mezzanine bridge loan for Aperture Del Mar, a Class A life sciences campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. Totaling 538,000 square feet, the four-building lab and office campus is fully occupied by Neurocrine Biosciences, a biopharmaceutical company. The campus features a standalone fitness center with a yoga studio and juice bar, outdoor event lawn, private patios, courtyard and a 1,500-stall parking garage. Aperture Del Mar serves as Neurocrine’s mission-critical global headquarters as part of a lease that funds through 2036. Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, develops and owns life sciences real estate in San Diego and other markets around the world. Tishman Speyer directly participated in the financing through its recently established debt platform.

July 24, 2026

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