Western

JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three States

by Amy Works September 18, 2026

CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.

September 18, 2026

Colorado Development Multifamily Western

Thompson Thrift Opens 276-Unit Apartment Property in Colorado Springs

by Amy Works September 18, 2026

COLORADO SPRINGS, COLO. — Thompson Thrift has opened Switch, a multifamily community in Colorado Springs. Thompson Thrift 2023 Multifamily Development L.P. provided equity for the development. Situated on 11 acres at the intersection of Voyager Parkway and North Gate Boulevard, Switch features 276 one-, two- and three-bedroom units with stainless steel appliances, glass-top ranges, hardwood-style flooring, walk-in showers, multiple smart home capabilities and full-sized washers/dryers. Additionally, select units offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options. Community amenities include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa and a coffee bar. The property also includes a resident conference room with video conference technology, an outdoor entertainment kitchen and community-wide Wi-Fi. The property is located within the Polaris Pointe development, a 60-business, 200-acre retail complex that features Ford Amphitheater, Sprouts Farmers Market, Bass Pro Shops, Chick-fil-A, Topgolf, iFly, AirCity 260 and Overdrive Raceway.

September 18, 2026

California Civic Development Western

C.W. Driver Cos. Breaks Ground on $74M Middle School, Gym Facility in Malibu

by Amy Works September 18, 2026

MALIBU, CALIF. — C.W. Driver Cos., as general contractor, has broken ground on Phase II of the Malibu Middle and High School campus for the Santa Monica-Malibu Unified School District. The $74 million phase includes middle school core and gymnasium facilities. Phase II will include two distinct buildings, totaling 40,000 square feet. The middle school core building will feature special education and counseling spaces, a wellness center, media lab, food-service areas and shaded outdoor spaces. The gymnasium facility will feature a fitness studio and multi-sport court supporting games, including basketball, volleyball, soccer and badminton. The second phase is slated for completion in late 2028. Project partners include LPA Architecture, Massetti Consulting and Element Consulting.

September 18, 2026

Acquisitions California Office Western

Whittier Comstock Acquires 135,308 SF Fairway Center II Office Property in Brea, California

by Amy Works September 18, 2026

BREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the transaction. Shaun Moothart and Andrew Post of CBRE secured financing for the buyer. Located at 675 Placentia Ave., Fairway Center II offers 135,308 square feet of office space that was 70.5 percent leased at the time of sale. The County of Orange, Calif., occupies more than 61,000 square feet of the three-story building under a long-term lease. Situated on 7.8 acres, the asset also features 617 parking spaces in an onsite parking structure.

September 18, 2026

Arizona Development Multifamily Student Housing Western

Subtext Completes 769-Bed Student Housing Development Near Arizona State University

by Amy Works September 17, 2026

TEMPE, ARIZ. — Subtext has completed VERVE Tempe, a 769-bed student housing development located at 1047 S. Terrace Road near the Arizona State University campus in Tempe. Subtext completed the 15-story community in partnership with FrontRange Capital Partners and TPG Real Estate Partners. Kennedy Wilson provided financing. The development team included ESG Architecture & Design and Brinkmann Constructors. VERVE Tempe spans 479,388 square feet and offers 240 units in studio through four-bedroom configurations. Shared amenities include a rooftop pool and clubroom with a game lounge, photo booth and entertaining kitchen; hot tub and cold plunge; outdoor fire pits, a game lawn and grilling stations; two-story fitness center with smart workout equipment, indoor and outdoor fitness spaces, a dedicated yoga room and wellness suite with a meditation room and sauna; golf simulator; study lounge with private and group study spaces; a pet spa and dog run; lobby coffee bar; and 1,800 square feet of ground-floor retail space.

September 17, 2026

California Loans Restaurant Retail Western

Northmarq Secures $29.3M Refinancing for Dining, Entertainment Center in Los Angeles

by Amy Works September 17, 2026

LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.

September 17, 2026

Lakewood-Reserve-Senior-Living-Lakewood-CO

Acquisitions Colorado Multifamily Seniors Housing Western

BWEIS Arranges Sale of 137-Unit Seniors Housing Community in Lakewood, Colorado

by Amy Works September 17, 2026

LAKEWOOD, COLO. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living. The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor gathering spaces.

September 17, 2026

Acquisitions California Healthcare Western

JLL Income Property Trust Buys 42,000 SF Roseville Outpatient Center Near Sacramento

by Amy Works September 17, 2026

ROSEVILLE, CALIF. — JLL Income Property Trust has purchased Roseville Outpatient Center, a Class A medical outpatient building in Roseville, for $19 million. The name of the seller was not released. Situated in a suburban submarket of Sacramento, Roseville Outpatient Center features 42,000 square feet of space that is 95 percent leased by a mix of tenants, anchored by a leading healthcare tenant, with an approximately 12-year weighted average lease term. The property was fully redeveloped in 2024 with build-outs and improvements to equip the building for specialized medical uses.

September 17, 2026

Acquisitions California Industrial Western

Wonderful Co. Sells 1.1 MSF Industrial Property in Shafter, California

by Amy Works September 16, 2026

SHAFTER, CALIF. — The Wonderful Co., through its Wonderful Real Estate business, has completed the disposition of 5104 Express Avenue in Shafter to a global technology and e-commerce company for an undisclosed price. Phil Lombardo, Andrew Starnes and Cruise Adams of Cushman & Wakefield represented the seller, while Colin MacMillan of KBC Advisors represented the buyer in the transaction. Situated within Wonderful Logistics Center, the facility features 1.1 million square feet of Class A industrial space and marks the buyer’s third location at the 2,000-acre, master-planned logistics and distribution campus. Developed on a speculative basis, the asset feature a clear height of 40 feet, 216 dock-high doors, two grade-level doors, 455 automobile parking spaces and 939 trailer stalls.

September 16, 2026

Acquisitions California Office Western

Strauss Investments Buys 157,000 SF Commons at Valencia Office Campus in California

by Amy Works September 16, 2026

VALENCIA, CALIF. — Strauss Investments has acquired Commons at Valencia, a two-building office campus in Valencia, from Harbor Associates for $32 million, or approximately $204 per square foot. Sean Sullivan of CBRE led the brokerage team, and Andy Bratt of Gantry arranged financing for the acquisition. Situated on 9 acres at 25124 and 25152 Springfield Court, Commons at Valencia features 157,000 square feet of Class A office space. Wells Fargo, New York Life Insurance Co., Edward Jones, Lennar, Amines, HASA and FivePoint are tenants at the campus, which was built in 2005.

September 16, 2026

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