Western

The-Stockman-Auberge-Steamboat-Springs-CO

Stockman Development Receives $482.5M in Financing for Ski Resort in Steamboat Springs, Colorado

by Amy Works September 25, 2026

STEAMBOAT SPRINGS, COLO. — Stockman Development, led by Marquee Development, has secured $482.5 million in financing from GoldenTree Asset Management to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort in Steamboat Springs. The financing comes amid early residential demand for the project, with more than 25 percent of residences under contract since sales launched earlier this summer. The early sales includes four of the project’s rooftop Barn residences, including a $19 million residence. The Stockman, Auberge Collection will include 95 ski-in, ski-out private residences and a 59-key Auberge Collection hotel. Amenities will include culinary venues, slope-side après, a full-service Wellbeing by Auberge spa and pool, ski valet and year-round programming. Located at 1965 Ski Time Square Drive, the nine-story property will offer the only luxury branded ski-in, ski-out residences in Steamboat Springs. The hotel and residences are slated to open simultaneously in 2030. The Stockman development marks Marquee Development’s expansion into the mountain sector. The Chicago-based developer is known for creating mixed-use destinations anchored by sports and entertainment.

September 25, 2026

Acquisitions Multifamily Nevada Seniors Housing Western

Confluent Development, Ovation Group Sell 168-Unit Seniors Housing Community in Las Vegas

by Amy Works September 25, 2026

LAS VEGAS — A joint venture between Confluent Development and Ovation Group has sold MorningStar at The Canyons, a seniors housing community located in Las Vegas. Confluent and Ovation co-developed the property, which totals 168 units, with MorningStar Senior Living. Delivered in 2024, the community features independent living, assisted living and memory care units in studio, one- and two-bedroom layouts. Amenities at MorningStar at The Canyons include multiple dining venues, a salon and spa, theater, fitness center and swimming pool, as well as walking paths, a central courtyard and outdoor dining areas. JLL Capital Markets brokered the sale on behalf of the joint venture. JLL also secured a five-year acquisition loan on behalf of the undisclosed buyer. MorningStar will remain as the operator and a joint venture partner.

September 25, 2026

Acquisitions Colorado Industrial Western

Brennan Investment Group Acquires 136,744 SF Industrial Property in Denver

by Amy Works September 25, 2026

DENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclosed. Originally constructed in 1970, the 136,744-square-foot concrete and masonry facility features 18- to 26-foot clear heights, 13 dock-high doors, four drive-in doors, potential rail service, heavy industrial zoning and excess acreage with secure outdoor storage. The property is fully leased to a building products distributor that has occupied the building since the early 2000s. The building can accommodate either a single tenant or a two-tenant configuration.

September 25, 2026

California Loans Office Western

Gantry Secures $9M Permanent Loan for Office Building in Temecula, California

by Amy Works September 25, 2026

TEMECULA, CALIF. — Gantry has secured a $9 million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise office building in Temecula. Tony Kaufmann, Toby Judge and Jake Davis of Gantry represented the borrower, a Southern California-based private real estate investor, in the financing. Gantry will service the fixed-rate, three-year loan for the lender. Located at 32605 Temecula Parkway, the three-story, 55,000-square-foot building is fully leased to a variety of medical, dental, behavioral health and professional service tenants.

September 25, 2026

The-Cliff-Green-Valley-Ranch-Henderson-NV

Development Loans Nevada Restaurant Retail Western

IPA Arranges Joint Venture Equity for Cliff at Green Valley Ranch Adaptive Reuse Project in Henderson, Nevada

by Amy Works September 24, 2026

HENDERSON, NEV. — IPA Capital Markets, a division of Marcus & Milichap, has arranged joint venture equity on behalf of VAC Development for The Cliff at Green Valley Ranch, an adaptive reuse redevelopment in Henderson. Jeremy Slocumb of IPA Capital Markets led the transaction. Upon completion, The Cliff at Green Valley Ranch will be Henderson’s first major open-air retail, dining and lifestyle development of its scale since 2004. The project will convert two obsolete office buildings, built in 2002 on 10 elevated acres at 2500-2550 Paseo Verde Parkway, into a 100,000-square-foot, Class A, pedestrian-friendly campus. The Cliff will feature 38 units ranging from 200-square-foot kiosks to a 16,000-square-foot Arhaus anchor, all organized around a 26,000-square-foot covered outdoor dining lounge. The project will emphasize experiential retail, chef-driven dining, wellness, art and community gathering space. Confirmed tenants include The Taco Stand, Lyte House, Barista Botanist and Killer Whale Creamery. Planned amenities include landscaped courtyards and breezeways, a central bar and outdoor lounge, covered patios, a food-kiosk alley, a children’s play area, public art and live music and performance zones. Deliveries will begin in second-quarter 2027, with first tenants opening in the second half of the year.

September 24, 2026

Acquisitions California Multifamily Western

Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside, California

by Amy Works September 24, 2026

RIVERSIDE, CALIF. — Kidder Mathews has brokered the sale of two adjacent workforce housing properties in Riverside. The 113-unit portfolio traded for $21.3 million, or $192,920 per unit and $244 per square foot. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681-3725 Cranford Ave. with two side-by-side, 44-unit buildings. Both properties feature swimming pools. Situated within an Opportunity Zone, the gated, garden-style communities consist of two- and three-bedroom walk-up apartment buildings. Jon Mitchell of Kidder Mathews represented the undisclosed seller in the deal.

September 24, 2026

Acquisitions California Multifamily Western

Vista International Sells Molokai Apartments in San Diego for $11.2M

by Amy Works September 24, 2026

SAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego. Austin Ray Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap’s San Diego office, listed the property on behalf of the seller, Vista International Inc. Michael Wolf of Coldwell Banker West represented the buyer, a private investor. Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on about 1 acre at 5055 73rd St. in San Diego’s College East neighborhood. The property consists of 27 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units and features gated entry, onsite storage, off-street parking and a pool.

September 24, 2026

Acquisitions Arizona Industrial Self-Storage Western

Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio Near Phoenix

by Amy Works September 24, 2026

APACHE JUNCTION, ARIZ. — Marcus & Millichap has completed the sale of a two-property CubeSmart portfolio in Apache Junction. MyPlace Self Storage and Nuveen purchased the portfolio from New York City-based Palatine Capital for an undisclosed price. Totaling 523 units, the portfolio includes facilities at 1678 W. Superstition Blvd. and 1735 W. Apache Trail in Apache Junction, approximately 30 miles east of downtown Phoenix. The property at 1678 W. Superstition Blvd. features 342 units and 57,092 net rentable square feet and the property at 1735 W. Apache Trail contains 181 units and 27,100 net rentable square feet. Nathan Coe, Adam Schlosser, Brett Hatcher, Gabe Coe and Charles LeClaire of Marcus & Millichap’s Columbus and Denver offices, in association with Ryan Sarbinoff as Marcus & Millichap’s Arizona broker of record, represented the seller in the deal.

September 24, 2026

Acquisitions California Mixed-Use Multifamily Restaurant Retail Western

Decron Properties Acquires Apartment Property in Los Angeles for $114M

by Amy Works September 23, 2026

LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta. The asset sold for $114 million. Blake Rogers of JLL arranged the transaction. Developed in 2010, 5550 Wilshire offers one-, two- and three-bedroom apartments and townhomes. Amenities include a resort-style pool, hot tub, rooftop lounges, movie theater and parking for 484 vehicles. The property also includes 14,686 square feet of ground-floor retail space that is fully leased to tenants that include Chipotle, Five Guys and FedEx Office. Decron owns and manages approximately 10,000 multifamily units and approximately 1 million square feet of retail assets across California, Washington and Arizona.

September 23, 2026

Acquisitions California Multifamily Western

TruAmerica Buys 200-Unit Bridges at San Ramon Multifamily Complex in San Francisco Bay Area

by Amy Works September 23, 2026

SAN RAMON, CALIF. — TruAmerica Multifamily has acquired Bridges at San Ramon, a 200-unit community in San Ramon. With this acquisition, the Los Angeles-based investment firm owns and operates 1,240 units in the San Francisco Bay area. The seller was not disclosed. Bridges at San Ramon offers 200 one- and two-bedroom units averaging 739 square feet. Amenities include a pool and spa, fitness center, resident lounge, courtyard and barbecue area, playground, pet spa, electric vehicle charging stations and garage parking. TruAmerica plans to renovate a majority of the units, installing quartz countertops, stainless steel appliances, wood-style flooring and upgraded fixtures and hardware. The renovation program will build on approximately $2.3 million in exterior and common-area improvements completed by prior ownership over the past five years.

September 23, 2026

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