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ACappella-Apts-Lynnwood-WA
AcquisitionsMultifamilyWashingtonWestern

Weidner Sells A’Cappella Apartment Homes in Lynnwood, Washington for $112M

by Amy Works

LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner in the transaction. Built in 1989, A’Cappella is located at 15001 35th St. and was 95 percent occupied at the time of closing. Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024 and connects residents to Seattle.

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2029-S-Hacienda-Blvd-Hacienda-Heights-CA
AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Brokers $13M Sale of Retail Center in Hacienda Heights, California

by Amy Works

HACIENDA HEIGHTS, CALIF. — Marcus & Millichap has brokered the $13 million sale of Hacienda Village, a retail center located at 2029 S. Hacienda Blvd. in Hacienda Heights, part of Southern California’s San Gabriel Valley. A Los Angeles-based private investor acquired the property for $549.80 per square foot. Ron Duong of Marcus & Millichap represented the seller, an Orange County, Calif.-based private partnership, in the transaction. Built in 1963, the property features 23,645 square feet of retail space divided into 17 suites.

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2290-De-La-Cruz-Blvd-Santa-Clara-CA
CaliforniaIndustrialLoansWestern

Gantry Arranges $9.6M Loan for Refinancing of Santa Clara Industrial Property

by Amy Works

SANTA CLARA, CALIF. — Gantry has arranged a $9.6 million permanent loan for the refinancing of a two-building, infill light industrial property in Santa Clara. Tony Kaufmann and Jake Davis of Gantry represented the borrower, a private real estate investor, in the transaction. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s correspondent insurance company lenders with a 30-year amortization schedule. Gantry will service the loan for the lender. Located at 2290 De La Cruz Blvd., the property features 37,600 square feet spread across two buildings, inclusive of a recently constructed 11,500-square-foot building addition. At the time of financing, the property was fully leased to a national auto collision repair business on a long-term agreement.

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4950-W-1100-South-SLC-UT
DevelopmentIndustrialUtahWestern

Seefried Industrial Properties, Clarion Partners Break Ground on 265,000 SF Spec Project in Salt Lake City

by Amy Works

SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market. Slated for completion in third-quarter 2027, the development will feature 265,000 square feet of Class A industrial space across two buildings. The buildings will include approximately 79,465 square feet office space, 52 dock-high doors, 12 grade-level doors and 268 parking spaces. The development is designed for logistics, distribution and light manufacturing users. Big-D Construction is serving as general contractor for the project. AE Urbia Architects is architect of record, and Dominion Engineering is serving as civil engineer. Tom Freeman, Jeremy Jensen, Travis Healey and Rob Parise of Colliers are handling marketing and leasing efforts for the development.

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AcquisitionsCaliforniaMultifamilyWestern

USA Properties, Strand Financial Sell 293-Unit Talavera Multifamily Community in Folsom, California

by Amy Works

FOLSOM, CALIF. — USA Properties and Strand Financial has sold Talavera, a 293-unit apartment property in Folsom, located outside of Sacramento. New York-based Sentinel Real Estate acquired the property for an undisclosed price. Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt of CBRE represented the sellers in the deal. According to CBRE, Talavera is the first property to become available in the Folsom submarket in four years. Located at 1550 Broadstone Parkway, the four-building community features studio, one- and two-bedroom apartments. The elevator-served property also offers a pool, hot tub, courtyard, fitness center, package lockers, pet spa, EV charging stations, fire pits, resident garages, 506 parking spaces and a DIY (do it yourself) workshop.

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415-Boren-Ave-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle

by Amy Works

SEATTLE — Nordic Partners Investments has acquired Monticello, a 107-unit apartment building located at 415 Boren Ave. in Seattle’s First Hill neighborhood, for an undisclosed price. Built in 1957, Monticello spans 42,342 net rentable square feet. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the undisclosed seller and sourced the buyer in the off-market transaction.

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4220-E-McDowell-Rd-Mesa-AZ.jpg
AcquisitionsArizonaIndustrialWestern

LevRose Commercial Arranges $5.2M Sale of Industrial Flex Building in Mesa, Arizona

by Amy Works

MESA, ARIZ. — LevRose Commercial Real Estate has arranged the $5.2 million sale of an industrial flex property located at 4220 E. McDowell Road in Mesa. The 2.3-acre site houses a 20,544-square-foot industrial flex building that was built in 2006. The building features 15,494 square feet of office space, professional reception area, large bullpen work area, 14-foot by 14-foot grade-level door, fully secured yard and 18 covered parking spaces. Mark Cassell, Landon McKernan, Cameron Miller and Joe Jones of LevRose Commercial represented the undisclosed seller in the deal, while Gary Cornish of Newmark represented the undisclosed buyer.

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FUSE
LoansMidwestSoutheastStudent HousingTop StoriesWalker & DunlopWestern

Walker & Dunlop Arranges $555.6M Refinancing for 14-Property Student Housing Portfolio

by Abby Cox

CHICAGO — Walker & Dunlop Inc. has arranged a $555.6 million loan for the refinancing of a 14-property student housing portfolio totaling 4,295 units and 10,454 beds across nine states. Chicago-based real estate investment and property management company The Scion Group was the borrower. The communities are located in Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas. Specific property names were not disclosed. Walker & Dunlop’s Brendan Coleman, Will Baker and Colin Coleman secured the floating-rate, interest-only loan through an existing Fannie Mae credit facility. Scion maintains four Fannie Mae credit facilities, all of which were originated by Walker & Dunlop. Scion is the largest owner and operator of student housing communities globally with 190 communities and nearly 118,000 beds across 94 university markets.   According to Walker & Dunlop’s 2026 Student Housing Outlook, demand continues to outpace supply across most major university markets. — Abby Cox

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401-Cypress-Ave-South-SanFran-CA
AcquisitionsCaliforniaMultifamilyWestern

Sares Regis Sells 195-Unit Celeste Apartments in South San Francisco

by Amy Works

SAN FRANCISCO — Sares Regis Group of Northern California, along with an institutional equity partner, has sold the 195-unit Celeste Apartments in South San Francisco. North Carolina-based Bell Partners purchased the property on behalf of its Bell Growth & Income Fund investors. The new owner will rename the asset, located at 401 Cypress Ave., to Bell South City II. Terms of the acquisition were not released. Completed in 2024, the eight-story multifamily building features studio, one- and two-bedroom apartments, a fitness loft and secure EV parking. At delivery, the property was 95 percent occupied. Berkadia represented the seller in the transaction.

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