Western

CEDARst Cos. Breaks Ground on $106M Bancroft Lofts in San Diego

by Amy Works November 14, 2025

SAN DIEGO — CEDARst Cos. has broken ground on Bancroft Lofts, a $106 million multifamily development located at 3760 Bancroft St. in San Diego’s North Park neighborhood. Slated for completion by December 2027, the 255,000-square-foot project will deliver 218 residences. Designed by JWDA Architects and built by KPRS, the eight-story property will feature 76 studios, 121 one-bedroom and 21 two-bedroom units, including 16 income-restricted units. Onsite amenities will include 189 parking stalls, a resort-style pool with a TV wall, a hot tub, fitness center, resident lounge, grilling stations, a movie theater, golf simulator and dedicated coworking and remote-work space. Bancroft Lofts is being developed in partnership with Quartz Lake Capital under a programmatic joint venture. Pacific Life is the construction lender, and a publicly traded insurance firm is providing common equity. Chris Collins and Zach Kersten of JLL Capital Markets arranged the project financing.

November 14, 2025

Acquisitions California Industrial Western

Bridge Logistics Buys 1.1 MSF Inland Empire Distribution Facility

by Amy Works November 14, 2025

FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a 1.1 million-square-foot Class A industrial distribution facility in Fontana. Terms of the transaction were not released. Located at 10681 Production Ave., the cross-dock facility features 220 dock-high doors, ESFR sprinklers, 185-foot truck courts, 274 trailer stalls and immediate access to Interstate 10. BLP anticipates the property will be vacant in first-quarter 2026, providing the company with an opportunity to capitalize on improving market fundamentals for buildings over 1 million square feet. The company plans to implement facility enhancements, including sprinkler head upgrades, dock packages, office improvements and other make-ready upgrades.

November 14, 2025

Acquisitions California Multifamily Seniors Housing Western

Azure Partners Acquires 148-Unit Seniors Housing Community in San Diego

by Amy Works November 14, 2025

SAN DIEGO — Azure Partners has acquired Cypress Court, a senior living community located in San Diego. Totaling 148 units, the property features 76 independent living and 72 assisted living residences. Kisco Senior Living sold the community for an undisclosed price. JLL Capital Markets brokered the transaction on behalf of the seller. JLL also secured a 10-year acquisition loan through Freddie Mac on behalf of Azure. “Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in the sector,” says Arthur Rosenberg, CEO of Azure. Northstar Senior Living will continue to manage the property.

November 14, 2025

Spartan-Self-Storage-Colorado-Springs-CO

Acquisitions Colorado Industrial Self-Storage Western

Spartan Investment Group Purchases 139-Unit Self-Storage Facility in Colorado Springs

by Amy Works November 14, 2025

COLORADO SPRINGS, COLO. — Spartan Investment Group has acquired a 76,720-net-square-foot self-storage facility in Colorado Springs for an undisclosed price. FreeUp Storage, Spartan’s in-house facility management solution, will mange the 139-unit property, which was under local ownership. Spartan plans to modernize the property, which was built before 2000, by implementing StoreEase, the company’s virtual management system.

November 14, 2025

Acquisitions California Healthcare Office Western

Progressive Real Estate Partners Brokers $10.5M Sale of Indian Wells Medical & Professional Center in California

by Amy Works November 14, 2025

INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.

November 14, 2025

California Development Multifamily Seniors Housing Western

CCI to Develop 236-Unit Senior Living Community in Southern California

by Amy Works November 13, 2025

WOODLAND HILLS, CALIF. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles. Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community. Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms. Construction is scheduled to begin in the second quarter of 2026, with a grand opening planned for the second half of 2028. The project team includes architect Perkins Eastman and engineer KPFF. Envicom is handling environmental and land planning, and Carlberg Associates and Brenner Consulting Group are responsible for horticulture and permit administration, respectively.

November 13, 2025

Colorado Healthcare Loans Western

Värde Provides $48M Refinancing for Synergy Medical Center in Englewood, Colorado

by Amy Works November 13, 2025

ENGLEWOOD, COLO. — Värde Partners, a global investment firm specializing in credit and credit-related assets, has closed a $48 million loan to refinance Synergy Medical Center in Englewood. Newmark’s Ramsey Daya, Chris Moritz and Grant Gooding arranged the three-year, floating-rate loan for the sponsor. Constructed in 2021 on the Swedish Medical Center campus, the 104,000-square-foot medical office building is 80 percent leased to a variety of medical tenants. HCA HealthOne, as the largest tenant, operates an ambulatory surgery center as well as specialized clinics for neurosurgery, orthopedics and physical therapy.

November 13, 2025

Acquisitions Arizona Multifamily Western

Northmarq Brokers $32M Sale of Ventura Villas Multifamily Property in Tucson

by Amy Works November 13, 2025

TUCSON, ARIZ. — Pacific Transwest — Nevada has acquired Ventura Villas in Tucson for $32 million. The seller was a limited liability company doing business as RDM Tucson. Northmarq arranged the sale and represented the seller. Built in 1989, Ventura Villas features one- and two-bedroom units averaging 606 square feet. The community features a resort-style pool, basketball court, playground and laundry facilities. Northmarq’s Phoenix-based multifamily investment sales team was led by Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca. Ventura Villas is located at 6200 S. Campbell Ave.

November 13, 2025

Acquisitions Arizona Industrial Western

Simone Charitable Foundation Buys 60,500 SF Frito-Lay Regional Distribution Center in Gilbert, Arizona

by Amy Works November 13, 2025

GILBERT, ARIZ. — Simone Charitable Foundation has acquired a logistics facility located at 3797 S. Silverado Court in Gilbert from ATLAS for $26.8 million. Brian Ackerman of Colliers represented the buyer, while Will Strong of Cushman & Wakefield represented the seller in the deal. The 60,500-square-foot property serves as a regional distribution center for Frito-Lay, a division of PepsiCo. Delivered in 2024, ATLAS developed the property as a build-to-suit for PepsiCo Global Real Estate, and the facility is leased on a long-term basis. The asset features a 161-foot building depth, 130-foot truck court and more than 2 acres of secured concrete yard.

November 13, 2025

California Industrial Loans Western

PSRS Arranges $21M Refinancing for Multi-Tenant Industrial Property in Los Angeles

by Amy Works November 13, 2025

LOS ANGELES — PSRS has arranged $21 million in refinancing for a 213,990-square-foot multi-tenant industrial warehouse in Los Angeles. Built in 1955, the property features a clear height of 22 feet and 13 exterior drive-in docks. Jonny Soleimani and George Gianoukakis of PSRS arranged the nonrecourse loan that features a two-year term with a one-year extension option, full-term interest-only payments and a one-year prepayment penalty through one of PSRS’ correspondent life insurance company lenders.

November 13, 2025

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