Saturday, November 22, 2025
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Camden-Copper-Square-Phoenix-AZ
AcquisitionsArizonaMultifamilyWestern

ColRich Buys 332-Unit Camden Copper Square Apartment Property in Phoenix for $77M

by Amy Works

PHOENIX — San Diego-based ColRich has acquired Camden Copper Square, a multifamily community in downtown Phoenix, from Camden Property Trust for $77 million. The secure, gated community features 332 apartments, two parking structures, two swimming pool areas with barbecue grills and seating, an outdoor lounge with panoramic views, indoor coworking spaces, a 24-hour fitness center and a dog park. Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal. Trevor Breaux and Troy Tegeler of CBRE arranged financing for the buyer.

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LogistiCenter-Clackamas-OR
AcquisitionsDevelopmentIndustrialOregonWestern

Dermody to Develop 248,532 SF LogistiCenter at Clackamas in Oregon

by Amy Works

CLACKAMAS, ORE. — Dermody has announced the purchase and development of LogistiCenter at Clackamas, the first industrial project totaling more than 100,000 square feet to be constructed in Clackamas in the past five years. Slated for completion by the end of 2026, LogistiCenter at Clackamas will offer 248,532 square feet of Class A industrial space that can be divided into smaller units to accommodate multiple customers. The asset will feature a clear height of 36 feet, 52-foot by 50-foot column spacing, LED lights, full circulation and ample trailer parking. As a standalone building, the property can also be fully fenced. Scott Murphy, Tom Talbot and John Hallman of Kidder Mathews are handling leasing.

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Five-Points-Plaza-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Longpoint Purchases 129,699 SF Five Points Plaza Retail Center in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Longpoint has acquired Five Points Plaza, a retail center located at 4652-4822 La Sierra Ave. in Riverside, from a private family that originally developed the center. Stater Bros, Del Taco, Jack in the Box and Dollar Tree are tenants at the 129,699-square-foot property. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets Investment Sales and Advisory represented the buyer in the transaction.

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21008-N-23rd-Ave-Phoenix-AZ
ArizonaLoansMultifamilyWestern

Gantry Secures $8.5M Refinancing for Multifamily Property in Phoenix

by Amy Works

PHOENIX — Gantry has secured an $8.5 million permanent loan to refinance the Rose Garden Apartments, located at 21008 N. 23rd Ave. in Phoenix. The Class B, garden-style apartment community features 55 one- and two-bedroom floor plans. Adam Parker, Chad Metzger and Andrew Christopherson of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The Fannie Mae loan features a 10-year term, fixed interest rate and interest-only payments for half of the term prior to transitioning to a 30-year amortization schedule.

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10310-S-Dransfeldt-Rd-Parker-CO
AcquisitionsColoradoRetailWestern

Trevey Commercial Real Estate Brokers Sale of Auto Repair Building in Parker, Colorado for $3.3M

by Amy Works

PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of Greg’s Auto Repair Building, a 9,104-square-foot freestanding commercial property situated on 0.77 acres at 10310 S. Dransfeldt Road in Parker. Bellagnu Land Holdings LLC (formerly Greg’s Auto Repair) sold the the property to 10310 Dransfeldt LLC for $3.3 million. The new owner plans to lease the building to Crash Champions, which is currently operating a facility in the adjacent building. Mitch Trevey and Nick Beach of Trevey Commercial Real Estate represented the seller, while Scott Churchley of Cresa represented the buyer in the transaction.

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Accolade-Campanile-San-Diego-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

Greystar-Led Joint Venture Breaks Ground on 605-Bed Student Housing Project Near San Diego State University 

by Amy Works

SAN DIEGO — A joint venture between Greystar, Kanden Realty & Development America and Tokyo Tatemono has broken ground on Accolade Campanile, a 605-bed student housing development serving students attending San Diego State University. The development will rise six stories and offer 310 units at the southwest corner of Montezuma Road and Campanile Drive. Shared amenities are set to include a pool and spa; multiple outdoor kitchens and gathering spaces; fire pits; a fully equipped indoor/outdoor fitness center; multiple clubhouses; recreation and game lounges, including a speakeasy; indoor bicycle storage; a dog spa; and dedicated study spaces on each floor. The property will also feature ground-floor retail space. The community was designed by JWDA Architects. Construction financing was provided by Helaba Landesbank Hessen-Thüringen. The project is scheduled for completion in June 2028 with leasing set to begin in August 2027. 

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Queen-Creek-Crossing-AZ
ArizonaDevelopmentRetailWestern

Vestar Completes 400,000 SF Queen Creek Crossing in Metro Phoenix 

by Amy Works

QUEEN CREEK, ARIZ. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. Vestar originally broke ground on the 31-acre development in 2022.

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ArizonaDevelopmentRetailWestern

Diversified Partners to Develop $60M East Gate Plaza Retail Project in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Diversified Partners has announced plans to develop East Gate Plaza, a $60 million retail destination at the northeast corner of Elliot and Ellsworth roads in Mesa. Spanning approximately 7 acres, East Gate Plaza is located within the master-planned community of Eastmark and the emerging Superstition Vistas region, a planned 275-square-mile area of developable residential and commercial opportunities. East Gate Plaza will feature distinctive building designs, pedestrian-friendly layouts and a professional curated tenant mix. Current confirmed tenants include Starbucks Coffee, Einstein Bros. Bagels, Discount Tires, FitFX, WingSnob, Señor Taco, Farmer Boys, Zeitouna, Fresh Monkee, Port of Subs, Ono Hawaiian BBQ, Euphoria Nail Salon, Playa Bowls, Hand & Stone Spa, Kolache Café and Andi’s Hair Salon (AVEDA). Additional tenants will include a dental office, a veterinary practice, a med spa, family medicine practice and a restaurant with a bar. The project will also feature the Cambria Hotel. Construction is underway, with delivery slated for first-quarter 2026. Walt Brown Jr. and Robert Mayhew of Diversified Partners are leading the development team. Matt Pergola, Brandon Vasquez and Austin Payne of Diversified Partners CRE are handling brokerage services for the project.

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LoansNevadaRetailWestern

Maverick Commercial Mortgage Arranges Two Loans Totaling $36.4M for Nevada Shopping Center, Land Parcel

by Amy Works

HENDERSON, NEV. — Maverick Commercial Mortgage has arranged two loans totaling $36.4 million in Henderson. Maverick closed a $28 million CMBS loan for the owner, developer and operator of a shopping center in Henderson. The undisclosed borrower, which has owned the property since 2015, will use the loan to refinance the in-place loan and equity. The financing is a five-year, interest-only loan that will provide the borrower long-term, fixed-rate financing to leverage its property and provide steady cash flows. Maverick also closed an $8.4 million land loan for the owner and developer of a land parcel in Henderson. The undisclosed borrower has owned the property since 2015, and is using the loan proceeds to continue the development of the site with retail tenants and quick-service restaurants. This financing will be paid off by the sales of the individual parcels.

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33580-Zeiders-Rd-Menifee-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Patrinely, Dune Real Estate Sell 93,575 SF Warehouse in Menifee, California

by Amy Works

MENIFEE, CALIF. — Patrinely, in partnership with affiliates of Dune Real Estate Partners, has completed the sale of a newly constructed warehouse building at Gateway at Menifee, a logistics campus at the intersection of I-215 and Scott Road in Menifee. Located at 33580 Zeiders Road, the property offers 93,575 square feet of Class A industrial space. The remaining two available buildings total 450,540 square feet (229,934 square feet and 220,606 square feet) and feature 36-foot clear heights, 81 total dock-high doors and 185-foot truck court depths each. Patrinely developed the project. Eloy Covarrubias, Joe Werdein, Rob Gunness and Garry Jenkins of CBRE are handling leasing and sales under the direction of Phillip Moore and Dennis Tarro of Patrinely.

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