Western

Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Multifamily Property in Seattle

by Amy Works August 21, 2026

SEATTLE — Cushman & Wakefield has arranged a $250 million refinancing for Museum House, an apartment community in Seattle. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford of Cushman & Wakefield represented the sponsor, a pension trust, in arranging the financing, which was provided by Barging. Completed in 2025, Museum House features 506 studio, one-, two- and three-bedroom residences, including 404 market-rate apartments and 102 income-restricted affordable homes through Seattle’s Multifamily Tax Exemption program. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground. Community amenities include a rooftop pool and hot tub, an indoor/outdoor fitness center, coworking spaces, resident lounges, a creative kitchen, pet amenities and wellness programming. Additionally, the community offers 6,010 square feet of ground-floor retail space.

August 21, 2026

Colorado Loans Multifamily Western

Newmark Secures $45.9M in FHA Financing for Two Multifamily Communities in Grand Junction, Colorado

by Amy Works August 21, 2026

GRAND JUNCTION, COLO. — Newmark has arranged $45.9 million in FHA-insured financing for two apartment communities in Grand Junction. Kelley Klobetanz of Newmark arranged the HUD Section 223(f) financings on behalf of the undisclosed borrowers. The properties include Nexus Apartments, a 122-unit asset completed in 2024, and The Eddy Apartments, a 96-unit property completed in 2022. Nexus Apartments features a mix of walk-up apartment buildings and townhome-style residences, a clubhouse, lounge, game room, community garden, barbecue area and outdoor gathering spaces. Located along the Colorado River, The Eddy offers riverfront trail access and amenities through a shared-use agreement with the adjacent Camp Eddy RV park.

August 21, 2026

Acquisitions California Multifamily Western

CBRE Brokers $34.5M Sale of Turtle Creek Apartments in Riverside, California

by Amy Works August 21, 2026

RIVERSIDE, CALIF. — CBRE has facilitated the sale of Turtle Creek Apartments in Riverside. Turtle Creek Residential LLC sold the asset to SC El Camino LLC for $34.5 million in an off-market transaction. Eric Chen and Blake Torgerson of CBRE handled the deal. Located at 4826 Van Buren Blvd., Turtle Creek features 98 one-, two- and three-bedroom apartments with an average unit size of 916 square feet. Units offer stainless steel appliances, granite countertops, vinyl plank flooring, in-unit washers/dryers and walk-in closets. Community amenities include a swimming pool, spa, fitness center, bark park, tot lot, gated entry and professional on-site management. Completed in 2020, the 89,776-square-foot property is situated on a 179,032-square-foot site.

August 21, 2026

Acquisitions Industrial Utah Western

MCA Realty Acquires Three Multi-Tenant Industrial Buildings in Salt Lake City

by Amy Works August 21, 2026

SALT LAKE CITY — MCA Realty has purchased three multi-tenant industrial buildings in Salt Lake City from a private investor for an undisclosed price in an off-market transaction. Totaling 77,944 square feet, the properties are located at 515, 537 and 539 Pickett Circle. Built between 1998 and 2005, 515 Pickett Circle (24,356 square feet), 537 Pickett Circle (43,544 square feet) and 539 Pickett Circle (10,044 square feet) offer 20-foot clear heights and a combined 24 grade-level doors. MCA Realty plans to implement a capital improvement program, including refreshed paint, upgraded landscaping, enhanced parking areas and modernized signage. Travis Healey and Tom Freeman of Colliers represented MCA Realty and the seller in the transaction.

August 21, 2026

Acquisitions Colorado Multifamily Western

Rainier Cos. Sells Multifamily Community in Fort Collins, Colorado for $62.7M

by Amy Works August 20, 2026

FORT COLLINS, COLO. — The Rainier Cos. has sold Seasons at Horsetooth Crossing, a garden-style multifamily community in Fort Collins, for $62.7 million. Located at 1020 Wabash St., Seasons at Horsetooth consists of 26 two-story buildings offering a total of 208 one-, two- and three-bedroom units averaging 1,038 square feet. Community amenities include a clubhouse, fitness center, pool, business center, courtyard, barbecue grills and bike storage. Additionally, partaking is available via assigned parking and detached garages. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman of JLL Capital Markets Investment Sales and Advisory team represented the seller in the deal. The buyer was a Delaware Statutory Trust (DST) sponsored by Hamilton Zanze, a San Francisco-based multifamily real estate investment firm. Tyler Ford of JLL Capital Markets Debt Advisory originated the 10-year, $38.8 million acquisition loan on behalf of the Hamilton Zanze-sponsored DST through Freddie Mac.

August 20, 2026

Acquisitions Multifamily Washington Western

IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington

by Amy Works August 20, 2026

RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Cascadia Fairwood Landing features 15 two- and three-story residential buildings, an outdoor pool, fitness center and an outdoor pagoda with barbecue stations and seating. The property’s one-, two and four-bedroom apartments also offer full-size washer/dryers.

August 20, 2026

Arizona Development Industrial Western

Creation Breaks Ground on 700,000 SF Avondale Tech Center in Arizona

by Amy Works August 20, 2026

AVONDALE, ARIZ. — Local developer Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus on the western outskirts of Phoenix. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging in size from 212,184 to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and fully gated entry. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.

August 20, 2026

Acquisitions California Retail Western

Poole Properties Divests of Multi-Tenant Retail Property in Corona del Mar, California for $13.7M

by Amy Works August 20, 2026

CORONA DEL MAR, CALIF. — Poole Properties (formerly John Poole Radio Properties) has divested of a retail property at located at 2515 E. Coast Highway in Corona del Mar, part of the Newport Beach metro area. An entity doing business as Shops at CDM LLC acquired the property, which features 13,883 square feet of multi-tenant retail space, for $13.7 million. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap handled the transaction.

August 20, 2026

Arizona Loans Retail Western

CBRE Arranges $45.8 Million Loan for Refinancing of Scottsdale Towne Center

by Matthew Auchincloss August 19, 2026

SCOTTSDALE, ARIZ. — CBRE has arranged a $45.8 million loan for the refinancing of Scottsdale Towne Center, a 168,090-square-foot power center located at 15444 N. Frank Lloyd Wright Blvd. in Scottsdale. The center is nearly 100 percent leased and is anchored by TJ Maxx, Ross and Mountainside Fitness and shadow-anchored by Target. Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra and Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance team secured a five-year, fixed-rate, full-term interest-only loan on behalf of the owner, who acquired the property in 2021.

August 19, 2026

Acquisitions Nevada Retail Western

SRS Real Estate Partners Brokers $6.2M Sale of 31,086 SF Retail Property in Las Vegas

by Matthew Auchincloss August 19, 2026

LAS VEGAS — SRS Real Estate Partners has brokered the $6.2 million sale of a 31,086-square-foot retail property located at 2420 E. Desert Inn Road in Las Vegas. The building, which is situated on 2.5 acres, has been occupied by Ross Dress for Less for more than 40 years. Patrick Luther of SRS represented the West Coast private seller. The buyer was a private investor from California who paid all cash. The closing cap rate was 6.5 percent.

August 19, 2026

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