Western

EQT Real Estate Divests of 275,243 SF Industrial Building in Temecula, California

by Amy Works June 10, 2026

TEMECULA, CALIF. — EQT Real Estate has divested of 41980 Winchester Road, a 275,243-square-foot industrial building located in Temecula. San Diego-based investment company SENTRE acquired the asset for an undisclosed price. Bryce Aberg, Jeff Chiate, Rick Ellison, Charlie Jacobs, Matthew Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller in the deal. Max Schafer and Brian Share of Cushman & Wakefield’s Equity, Debt & Structured Finance team arranged acquisition financing for the transaction. The building features 26-foot clear heights, “efficient” loading capabilities and “ample” parking. The fully occupied property also provides immediate connectivity to major distribution corridors serving San Diego, Orange County, Calif., and the broader Inland Empire.

June 10, 2026

Acquisitions Colorado Mixed-Use Office Retail Western

BMC Investments Sells 100,000 SF Mixed-Use Property in Denver

by Amy Works June 10, 2026

DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.

June 10, 2026

Acquisitions Colorado Retail Western

JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, Colorado

by Amy Works June 10, 2026

FORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins. The three-building shopping center was 96 percent leased at the time of sale to a mix of local and national tenants, including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Alpine Investment Group sold the asset to Big Ben Funds and CAMCRE in an off-market transaction. Jason Schmidt and Austin Snedden of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

June 10, 2026

Arizona Development Industrial Western

Stevens-Leinweber Breaks Ground on 58,250 SF Office-to-Industrial Redevelopment in Tempe, Arizona

by Amy Works June 10, 2026

TEMPE, ARIZ. — Phoenix-based general contractor Stevens-Leinweber Construction has broken ground on TenSixty Interchange, an office-to-industrial redevelopment in Tempe, on behalf of Alidade Capital and Pine Creek Real Estate Partners. The project will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road corridor. Prior to the groundbreaking, a two-story office building on the site was demolished to prepare a shovel-ready development parcel. When complete, TenSixty Interchange will total 58,250 square feet of Class A, small-bay industrial space. Situated on 4.5 acres at 4415 S. Wendler Drive, the property will feature 24-foot clear heights and accommodations for multiple mid-size tenants or up to six smaller tenants with divisibility to approximately 9,700 square feet. Additional features will include full HVAC, LED lighting, 3,000 amps of power and a 1,985-square-foot speculative office suite on each endcap. TenSixty Interchange will also include 16 dock doors, eight grade-level doors and 83 parking spaces. Butler Design Group is serving as architect for the project. Steve Larsen, Jason Moore and Katie White of JLL will handle leasing for the property.

June 10, 2026

Acquisitions Arizona Development Mixed-Use Office Restaurant Retail Western

Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

by Amy Works June 9, 2026

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

June 9, 2026

California Development Multifamily Seniors Housing Western

Bluhm Family Foundation Breaks Ground on 214-Unit Seniors Housing Community in Huntington Beach, California

by Amy Works June 9, 2026

HUNTINGTON BEACH, CALIF. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project located in Huntington Beach in Southern California. In May, the developer received $252.1 million in bond financing for the project. Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards. The opening is scheduled for 2028. Momentum Senior Living will manage the community.

June 9, 2026

Acquisitions California Retail Western

JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, California

by Amy Works June 9, 2026

EL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office. Located at 149 Fletcher Parkway, The Shops at Parkway Plaza features 122,484 square feet of retail space. Current tenants include Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s Grill + Bar. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the seller in the deal.

June 9, 2026

Acquisitions California Net Lease Retail Western

Hanley Investment Group Negotiates $5M Sale of Single-Tenant Retail Property in Clovis, California

by Amy Works June 9, 2026

CLOVIS, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located roughly eight miles west of Fresno in Clovis. A 7-Eleven convenience store and fuel station occupies the property, which was originally built in 1991 and renovated in 2019. Jacob Fahner and Jeremy McChesney represented the seller, a Los Angeles–based private investor, in the transaction. Jeffrey Leggio of ASU Commercial represented the buyer, a Bakersfield, California-based 1031 exchange investor.

June 9, 2026

California Loans Multifamily Western

IPA Capital Markets Arranges $123M in Financing for Multifamily Property in Burlingame, California

by Amy Works June 8, 2026

BURLINGAME, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $123 million in debt financing for Anson, a multifamily property in Burlingame. Situated less than four miles from San Francisco International Airport, the property features 268 one-, two- and three-bedroom floor plans with in-unit laundry facilities, stainless steel appliances and private patios or balconies. Community amenities include two courtyards with barbecue grills and hammocks, a fitness center, clubhouse, resort-style pool, pet spa and a coworking lounge. The loan features a interest rate of 5.09 percent, a DSCR of 1.10x and interest-only payments for the term. The financing structure also included $26 million in preferred equity from Tokyu Land US Corp. Brian Eisendrath, Cameron Chalfant, Anita Paryani-Rice and Jesse Zarouk of IPA Capital Markets in Los Angeles secured a five-year loan on behalf of a national multifamily owner, operator and investment firm.

June 8, 2026

Acquisitions California Industrial Western

Newmark Negotiates Sale of 11-Building Industrial Portfolio in San Francisco’s East Bay Area

by Amy Works June 8, 2026

DUBLIN, CALIF. — Newmark has arranged the sale of Sierra Trinity, a shallow-bay industrial portfolio located at 6701 Sierra Court in Dublin, located in the San Francisco East Bay area. Terms of the transaction were not released. Sierra Trinity features 11 buildings that were 97 percent leased at the time of sale to nearly 40 tenants across a variety of industries. Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the undisclosed seller and buyer in the deal.

June 8, 2026

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