Western

Dermody Acquires 606,343 SF Logistics Facility in Tracy, California

by Amy Works November 13, 2026

TRACY, CALIF. — Dermody has purchased a logistics facility at 1269 E. Grant Line Road in Tracy. Terms of the transaction were not released. Rebecca Perlmuter of CBRE National Partners represented the undisclosed seller in the deal. Michael Goldstein, Ryan McShane and Alex Hoeck of Colliers will handle leasing for the property. Completed in 2023, the 606,343-square-foot building features a clear height of 40 feet, 103 dock-high doors, four grade-level doors, 176 trailer stalls and 220 car parking stalls. The property also features a 185-foot truck court that is fully fenced and secured with gated entries, 4,000-amp electrical service, ESFR fire protection, LED lighting, 60-foot speed bays and approximately 4,054 square feet of office space. Situated on 29.3 acres, the asset offers immediate access to I-205, with additional connectivity via interstates 5 and 580 to Silicon Valley, the San Francisco Bay Area, the Port of Oakland and San Francisco International Airport.

November 13, 2026

Arizona Development Restaurant Retail Western

Evergreen Breaks Ground on Fitness-Anchored Shopping Center in Metro Phoenix

by Amy Works November 13, 2026

CAVE CREEK, ARIZ. — Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix. A 41,337-square-foot Mountainside Fitness will anchor the project, which is expected to be completed in the summer of 2027. Black Mountain Marketplace includes seven outparcel pads planned for dining, services and neighborhood-serving retail that will complement Mountainside Fitness and serve the surrounding Cave Creek and North Phoenix communities. Several transactions are currently in progress, with limited availability remaining for drive-thru pads. Evergreen is serving as the Bullington family’s development partner and is leading the planning, entitlement and construction of the project, alongside A.R. Mays Construction as general contractor, Upward Architects as architect and Hubbard Engineering as civil engineer.

November 13, 2026

Acquisitions Arizona Office Property Type Western

Concord Place Investments Sells 135,841 SF Office Building in Phoenix for $32M

by Amy Works November 13, 2026

PHOENIX — Concord Place Investments has completed the disposition of Concord Place, a six-story office building at 2999 N. 44th St. in Phoenix. Mustang Stampede Two LLC acquired the asset for $32 million. Defined by its patinated copper dome, Concord Place features 135,841 square feet of office space in small-scale suites, ranging from 900 square feet to 4,500 square feet. The property also features an all-stone façade, patios, balconies, a grand staircase lobby, flagstone-clad plazas and a 12,800-square-foot koi pond. Additionally, the sixth floor features a hand-painted mural by Navajo artist David Johns that spans the domed ceiling of the conference room. Chris Toci and Eric Wichterman of Cushman & Wakefield represented the seller. Tyson Breinholt of Commercial Properties represented the buyer in the deal.

November 13, 2026

Acquisitions California Industrial Western

Faropoint Buys Industrial Facility in Corona, California for $21.5M

by Amy Works November 13, 2026

CORONA, CALIF. — Faropoint has acquired 725 E. Harrison Street, an industrial property in Corona, for $21.5 million. Makenna Peter, Luke McDaniel and Hunter McDonald of JLL Capital Markets represented the undisclosed seller in the deal. Built in 1991 on a 5.8-acre site, the fully secured 116,555-square-foot facility features 2,500 amps of power, 27- to 29-foot clear heights, seven dock positions with the ability to expand to nine dock positions, four grade-level doors and 125- to 140-foot truck court depths. Additionally, the property includes 222 auto parking stalls and connectivity to Corona’s Inland Empire Brine Line. At the time of sale, the asset is fully leased to a long-tenured industrial tenant that serves the aerospace, automotive and medical industries.

November 13, 2026

Development Idaho Multifamily Student Housing Western

Gilbane, Rocky Mountain Cos. and University of Idaho Complete 451-Bed Student, Family Housing Development

by Amy Works November 12, 2026

MOSCOW, IDAHO — A partnership between Gilbane Development Co., Rocky Mountain Cos. and the University of Idaho has completed Vandal Village, a 451-bed development for graduate students and students with families on the institution’s campus in Moscow. Located at 1010 Deakin Ave., the 200,000-square-foot community offers 240 fully furnished units in two- through four-bedroom configurations. Of the property’s 451 beds, 232 are designated for graduate students and 219 for married and parenting students. The community also offers shared amenity spaces for studying, collaboration and social engagement. The development team for the project included Lydig, Integrus and Design Collective. The project is part of a larger $135 million renovation and redevelopment of South Hill and Elmwood Apartments, the Wallace Residential Center and the Theophilus Residence Building on the University of Idaho campus.

November 12, 2026

Loans Multifamily Seniors Housing Washington Western

Columbia Pacific Advisors Receives $130M Refinancing for Murano Senior Living Property in Seattle

by Amy Works November 12, 2026

SEATTLE — Columbia Pacific Advisors has received a $130 million loan for the refinancing of Murano Senior Living, a seniors housing community located in Seattle. The borrower developed the property, which opened in 2019. Chris Cain, Tyler Armstrong and Taylor Russ of Lument arranged the financing on behalf of the borrower. Murano Senior Living features 243 units, with 215 independent and assisted living units and 28 memory care units. Amenities at the property include wellness suites, an art studio and an outdoor terrace. Merrill Gardens operates the community on behalf of the owner. Occupancy at the property surpassed 90 percent in October. Alternative investment management firm Columbia Pacific Advisors has executed more than $10 billion in seniors housing-related transactions since 2006.

November 12, 2026

Acquisitions Multifamily Seniors Housing Washington Western

Marcus & Millichap Brokers Sale of 64-Unit Seniors Housing Community in Washington

by Amy Works November 12, 2026

OTHELLO, WASH. — Marcus & Millichap has brokered the sale of Coventry House, a 64-unit seniors housing community located in Othello in southeastern Washington. A Washington-based owner and operator with a portfolio of more than 10 senior living communities in the state purchased the property for an undisclosed price. Michael Mooney, Nick Stahler, Chad Mundy and Joel Deis of Marcus & Millichap brokered the transaction on behalf of the seller, an owner and operator preparing for retirement. The 50,456-square-foot community features 48 assisted living and 16 independent living units. Amenities at the property, which was built in 2003, include landscaped courtyards, walking paths and dining and activity areas.

November 12, 2026

Colorado Development Retail Western

Rouler Advisors Begins $2M Renovation of Westgate Shopping Center in Metro Denver

by Amy Works November 12, 2026

LAKEWOOD, COLO. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Burn Boot Camp recently signed a 6,662-square-foot lease, joining other tenants such as Planet Fitness, Rocky Mountain Physical Therapy and MPower Dance Studio. HAMWAD Westgate LLC, an affiliate of Rouler, owns Westgate. Rouler originally acquired the property in 2023 and also operates and manages the adjoining Mission Trace Shopping Center and Mission Trace office building, where the firm previously completed a series of multimillion-dollar renovations. Together, the properties comprise more than 16 acres.

November 12, 2026

California Development Loans Multifamily Student Housing Western

ACC Closes on $191M Financing for 1,065-Bed Student Housing Development at UC Irvine

by Amy Works November 11, 2026

IRVINE, CALIF. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion.

November 11, 2026

California Loans Multifamily Western

Northmarq Arranges $105M Refinancing for Madrone Apartments in Silicon Valley

by Amy Works November 11, 2026

MOUNTAIN VIEW, CALIF. — Northmarq has arranged a $105 million refinancing of Madrone Apartments, a 272-unit community at 111 N. Rengstorff Ave. in Mountain View, 35 miles south of San Francisco. Nathan Prouty and Andrew Slaton of Northmarq arranged the financing on behalf of Prometheus Real Estate Group. New York Life provided the five-year, full-term interest-only loan, which refinances approximately $90 million in existing debt originally arranged by Northmarq in 2016. Prometheus is planning to develop eight accessory dwelling units (ADUs) following the loan closing.

November 11, 2026

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