Western

Prime Residential Purchases Palm Court Apartments in Los Angeles for $51.2M

by Amy Works July 17, 2026

LOS ANGELES — Prime Residential has purchased Palm Court Apartments, a 132-unit multifamily property located in the Miracle Mile neighborhood of Los Angeles, for $51.2 million, or $388,258 per unit. Jeff Louis, Gayle Factor and Elliot Sabag of Marcus & Millichap represented the the seller, a private investor, in the transaction. Matt Ziegler of Marcus & Millichap, along with Louis, Factor and Sabag, procured the buyer. Located at 740 S. Burnside Ave., Palm Court Apartments features 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath units and 12 three-bedroom/two-bath units. Apartments include custom cabinetry, quartz countertops and stainless steel appliances. Community amenities include controlled-access gated parking, heated pool and spa, fitness center, saunas, rooftop sundeck and laundry facilities on each floor. The property was built in 1988.

July 17, 2026

Arizona Loans Multifamily Student Housing Western

TSB Capital Advisors Arranges Loan for Refinancing of 530-Bed Community Near Arizona State University

by Amy Works July 17, 2026

TEMPE, ARIZ. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Atmosphere Tempe, a 530-bed student housing community located near the Arizona State University campus in Tempe. The floating-rate bridge loan was secured on behalf of the borrowers, Trinitas and Harrison Street Asset Management, through PGIM. Delivered in 2021, the high-rise building offers 252 units with bed-to-bath parity. Shared amenities include a rooftop pool and hot tub, resort-style sundeck with lounge seating, grilling stations, “state-of-the-art” fitness center, private study lounges, computer lounge and a coffee bar.

July 17, 2026

Acquisitions Colorado Retail Western

Western Centers Sells Three-Property Retail Portfolio in Metro Denver for $30.3M

by Amy Works July 17, 2026

PARKER, AURORA AND LITTLETON, COLO. — Western Centers Inc. has sold a three-property retail portfolio in metro Denver to local investment firm CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the 28,000-square-foot Foothill Green in Littleton. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Craig Branton and Mickey Moran of Greystone, in partnership with Cushman & Wakefield’s Denver-based debt team, arranged acquisition financing for all three properties.

July 17, 2026

Acquisitions California Industrial Western

Avison Young Brokers $8.8M Sale of Industrial Property in San Diego’s Otay Mesa District

by Amy Works July 17, 2026

SAN DIEGO — Avison Young has brokered the $8.8 million sale of an industrial property located at 7577 Airway Road in the Otay Mesa submarket of San Diego. An undisclosed buyer acquired the asset from a Miami-based private investor. Situated on 4.2 acres, the 31,488-square-foot industrial property features seven dock-high loading doors and three grade-level doors. Tanner Johnson and Jamie Endres-Keller of Avison Young, along with Barry Katz and Blake Katz of WGS Realty, represented the seller in the deal., while Price Real Estate Investments represented the buyer.

July 17, 2026

Acquisitions Multifamily New Mexico Seniors Housing Western

LTC Acquires Two Seniors Housing Communities in Colorado, New Mexico for $73M

by Amy Works July 16, 2026

WESTLAKE VILLAGE, CALIF. — LTC Properties has acquired two seniors housing communities in Colorado and New Mexico from Harbert Management Corp. for a combined purchase price of $73 million. Offering both assisted living and memory care, the properties are the 69-unit MorningStar of Albuquerque and the 64-unit MorningStar of Wheat Ridge in Denver. MorningStar Senior Living will continue to manage the properties on behalf of the new ownership. Berkadia brokered the sale of the properties. LTC will own the communities as a senior housing operating portfolio (SHOP) properties. Since launching its SHOP platform in May 2025, the portfolio has grown to 36 properties, representing 34 percent of the REIT’s total gross real estate investments.

July 16, 2026

Acquisitions California Multifamily Western

Winstar Properties Purchases 205-Unit Apartment Complex in Los Angeles

by Amy Works July 16, 2026

LOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller and procured the buyer in the transaction. Built in 1968, The Flat features 205 apartments. The property features a controlled-access entry system, modernized resident lounge, upgraded laundry rooms, new windows and a package receiving systems. Renovated apartments include built-in kitchenettes with modern fixtures, new cabinetry, quartz countertops and new refrigerators. Additionally, six of the renovated studio units are furnished.

July 16, 2026

Acquisitions California Office Western

Slatt Capital Arranges $12M in Acquisition Financing for Office Property in Rohnert Park, California

by Amy Works July 16, 2026

ROHNERT PARK, CALIF. — Slatt Capital has arranged $12 million in acquisition financing for a multi-tenant, 68,094-square-foot office building in Northern California. Located at 5900 State Farm Drive, the property was built in 1973. The Standard, a life insurance company lender, provided the nonrecourse loan, which features a structured staggered term and a 30-year amortization schedule. Sarah Armstrong and Daniel Friedeberg of Slatt Capital led the transaction, while Jonathan Siewert served as analyst.

July 16, 2026

Acquisitions Arizona Industrial Western

Martens Development Sells Two-Building Industrial Complex in Tolleson, Arizona

by Amy Works July 16, 2026

TOLLESON, ARIZ. — Phoenix-based Martens Development has sold Park 91, a two-building industrial complex in Tolleson, part of the Phoenix metro area. AEW Capital Management sold the property on behalf of a separate account client for an undisclosed price. The facility was designed to accommodate a range of occupiers through modern specifications, adaptable layouts and high-capacity infrastructure that support logistics, distribution, light manufacturing and service-oriented operations. Will Strong, Michael Matchett, Molly Miller, Jack Stamets and Madeline Warren of Cushman & Wakefield represented both parties in the transaction. Cushman & Wakefield’s Gary Anderson and Nik Vallens provided leasing advisory services for the asset.

July 16, 2026

Acquisitions California Multifamily Western

CBRE Brokers $77.5M Sale of Apartment Community in Oceanside, California

by Amy Works July 15, 2026

OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller, while James Flinn and Justin Fitchett of CBRE Debt and Structured Finance provided debt and finance support for the transaction. Situated on 14.2 acres, Sunterra features 240 two-bedroom apartments with detached garages. Community amenities include a resort-style pool, fitness center, landscaped courtyards and outdoor gathering spaces. Approximately 70 percent of the units have been renovated. The property was built in 1975 and is located at 3851 Sherbourne Drive.

July 15, 2026

Kent-Valley-Distribution-Center-III-Kent-WA

Acquisitions Industrial Washington Western

BKM Capital Partners Acquires 401,000 SF Industrial Portfolio Near Seattle

by Amy Works July 15, 2026

TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres and offering 21 units, the portfolio includes Southcenter West Business Park, a three-building, 287,000-square-foot campus in Tukwila; Kent Valley Distribution Center III, a 50,450-square-foot facility in Kent; and a 64,000-square-foot asset in Kent. Built between 1973 and 1979, the properties feature 24-foot clear heights, 90- to 110-foot truck court depths, wet pipe sprinklers, LED lighting, “ample” parking and a mix of dock-high and ground-level loading. The portfolio has a 2.9-year weighted average lease term, with no more than 26 percent of net rentable area expiring in any given year. At the time of sale, the portfolio was 84 percent occupied. Brett Turner and Michael Grossner provided in-house representation for BKM, while Buzz Ellis of JLL Capital Markets represented the undisclosed seller in the deal.

July 15, 2026

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