Western

Seefried Industrial Properties, Clarion Partners Break Ground on 265,000 SF Spec Project in Salt Lake City

by Amy Works July 31, 2026

SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market. Slated for completion in third-quarter 2027, the development will feature 265,000 square feet of Class A industrial space across two buildings. The buildings will include approximately 79,465 square feet office space, 52 dock-high doors, 12 grade-level doors and 268 parking spaces. The development is designed for logistics, distribution and light manufacturing users. Big-D Construction is serving as general contractor for the project. AE Urbia Architects is architect of record, and Dominion Engineering is serving as civil engineer. Tom Freeman, Jeremy Jensen, Travis Healey and Rob Parise of Colliers are handling marketing and leasing efforts for the development.

July 31, 2026

Acquisitions California Multifamily Western

USA Properties, Strand Financial Sell 293-Unit Talavera Multifamily Community in Folsom, California

by Amy Works July 31, 2026

FOLSOM, CALIF. — USA Properties and Strand Financial has sold Talavera, a 293-unit apartment property in Folsom, located outside of Sacramento. New York-based Sentinel Real Estate acquired the property for an undisclosed price. Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt of CBRE represented the sellers in the deal. According to CBRE, Talavera is the first property to become available in the Folsom submarket in four years. Located at 1550 Broadstone Parkway, the four-building community features studio, one- and two-bedroom apartments. The elevator-served property also offers a pool, hot tub, courtyard, fitness center, package lockers, pet spa, EV charging stations, fire pits, resident garages, 506 parking spaces and a DIY (do it yourself) workshop.

July 31, 2026

Acquisitions Multifamily Washington Western

Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle

by Amy Works July 31, 2026

SEATTLE — Nordic Partners Investments has acquired Monticello, a 107-unit apartment building located at 415 Boren Ave. in Seattle’s First Hill neighborhood, for an undisclosed price. Built in 1957, Monticello spans 42,342 net rentable square feet. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the undisclosed seller and sourced the buyer in the off-market transaction.

July 31, 2026

Acquisitions Arizona Industrial Western

LevRose Commercial Arranges $5.2M Sale of Industrial Flex Building in Mesa, Arizona

by Amy Works July 31, 2026

MESA, ARIZ. — LevRose Commercial Real Estate has arranged the $5.2 million sale of an industrial flex property located at 4220 E. McDowell Road in Mesa. The 2.3-acre site houses a 20,544-square-foot industrial flex building that was built in 2006. The building features 15,494 square feet of office space, professional reception area, large bullpen work area, 14-foot by 14-foot grade-level door, fully secured yard and 18 covered parking spaces. Mark Cassell, Landon McKernan, Cameron Miller and Joe Jones of LevRose Commercial represented the undisclosed seller in the deal, while Gary Cornish of Newmark represented the undisclosed buyer.

July 31, 2026

Acquisitions California Multifamily Western

Sares Regis Sells 195-Unit Celeste Apartments in South San Francisco

by Amy Works July 30, 2026

SAN FRANCISCO — Sares Regis Group of Northern California, along with an institutional equity partner, has sold the 195-unit Celeste Apartments in South San Francisco. North Carolina-based Bell Partners purchased the property on behalf of its Bell Growth & Income Fund investors. The new owner will rename the asset, located at 401 Cypress Ave., to Bell South City II. Terms of the acquisition were not released. Completed in 2024, the eight-story multifamily building features studio, one- and two-bedroom apartments, a fitness loft and secure EV parking. At delivery, the property was 95 percent occupied. Berkadia represented the seller in the transaction.

July 30, 2026

Arizona Development Industrial Western

Partnership Completes Nexus Commerce Center Industrial Park in Tempe, Arizona

by Amy Works July 30, 2026

TEMPE, ARIZ. — Local developer Creation, in partnership with CrossHarbor Capital Partners and Amherst, has completed Nexus Commerce Center, a Class A industrial park located at the intersection of Elliot Road and Hardy Drive in Tempe. Situated on a 16-acre site that was once home to Elliot Corporate Center, the redevelopment converted the vacant 200,000-square-foot office property into a three-building, 273,000-square-foot, shallow-bay industrial park. Designed and built by LGE Design Build, the buildings range in size from 88,773 to 103,288 square feet and feature 32-foot clear heights. Nexus Commerce Center also offers direct access to I-10 and Loop 101 via Elliot Road and proximity to the US-60 interchange and Phoenix Sky Harbor International Airport. Mike Haenel, Andy Markham, Phil Haenel and Justin Smith of Cushman & Wakefield are handling leasing efforts for the project.

July 30, 2026

California Industrial Loans Self-Storage Western

Talonvest Capital Arranges $45M Refinancing for Self-Storage Facility in Goleta, California

by Amy Works July 30, 2026

GOLETA, CALIF. — Talonvest Capital has arranged a $45 million senior bridge loan to refinance a self-storage property owned by 1784 Holdings, a national self-storage owner and developer. Located in Goleta, the property comprises 95,523 net rentable square feet across 972 climate-controlled self-storage units. Extra Space Storage manages the asset. Tom Sherlock, Kim Bishop, Nathan Lefevre and Mason Brusseau of Talonvest arranged the financing, which features a bridge loan with a three-year initial term and two one-year extension options.

July 30, 2026

Acquisitions Affordable Housing California Multifamily Western

Marcus & Millichap Brokers $12.5M Sale of Affordable Seniors Housing Property in Southern California

by Amy Works July 30, 2026

LA MESA, CALIF. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing property in La Mesa. Los Angeles-based Positive Investments was the buyer. Built in 1986, the property totals 81 units, with 40 studio apartments and 41 one-bedroom apartments. Residences are reserved for seniors aged 62 and older. Amenities at the community include a pool, spa, recreation room, outdoor gathering areas, laundry facilities and dedicated parking. Christopher Zorbas, Graeme Henderson and Austin Huffman of Marcus & Millichap represented the undisclosed seller in the transaction.

July 30, 2026

Acquisitions Industrial Washington Western

Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington

by Amy Works July 29, 2026

PUYALLUP, WASH. — Lincoln Property Co. has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price. Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a range of manufacturing, aerospace, logistics and distribution users. Suites can support tenants with requirements as low as approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity and LED lighting. Chris Spofford, Bill Honsaker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.

July 29, 2026

Acquisitions California Multifamily Seniors Housing Western

Harrison Street Asset Management Sells 136-Unit Seniors Housing Community in Oxnard, California

by Amy Works July 29, 2026

OXNARD, CALIF. — Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit independent senior living community in Oxnard. The buyer was an undisclosed S&P 500 company focused on seniors housing. Terms of the transaction were not released. Aaron Rosenzweig and Dan Baker of JLL Capital Markets Sales and Advisory team represented the seller in the deal. Built in 2018 on 3.8 acres, residences in the 153,297-square-foot community feature full kitchens, in-unit washers/dryers and private patios. Community amenities include multiple dining venues, a pool, fitness center, theater, salon and spa, putting green and dog park.

July 29, 2026

Newer Posts

Older Posts