Western

Lincoln Sells Final Two Industrial Buildings in Park303 Logistics Park in Glendale, Arizona for $170.2M

by Amy Works September 2, 2026

GLENDALE, ARIZ. — Lincoln Property Co. has sold the final two industrial buildings at Park303 logistics park in Glendale. Nuveen Real Estate, a leading global investment manager, acquired the assets for $170.2 million. The transaction represents the last of the four buildings sold at Park303, a 210-acre, 3.75 million-square-foot logistics campus along Loop 303 freeway and Glendale Avenue. This transaction includes Park303 Phase 2 – Building A, totaling 629,835 square feet and fully leased to DHL, and Park303 Phase 2 – Building B, totaling 483,000 square feet and fully leased to Logisticus Group LLC. Completed in 2025, Park303 Phase 2 includes three buildings totaling 2.5 million square feet. The phase’s Building C sold in October 2025 to Dollar Tree $147 million. Completed in late 2020, Park303 Phase 1 totals 1.25 million square feet and is fully occupied under a long-term lease by Walmart. The building was purchased by BentallGreenOak in 2021 for $186 million. Buildings at Park303 feature 40-foot clear heights, 25-foot tall glass entries, up to 12,000 amps of power, 7-inch slabs over 4 inches of crushed rock and a steel moment frame shear bracing needed to support highly modern, automated racking and picking equipment. Additionally, large 5-foot by …

September 2, 2026

Acquisitions Mixed-Use Multifamily Retail Washington Western

Bender Equities Sells 95-Unit Apartment Complex in Seattle’s Eastlake Neighborhood

by Amy Works September 2, 2026

SEATTLE — Bender Equities has sold East Howe Steps, an apartment complex located in Seattle’s Eastlake neighborhood. An affiliate of Sequel Investment Co. and Evergreen Gavekal acquired the property for $35 million, or $351,579 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta, Ray Allen and Tyler Johnson of IPA Capital Markets arranged acquisition financing for the buyer. Completed in 2016, East Howe Steps features two four-story buildings with a total of 95 studio, one- and two-bedroom apartments, four live/work units with private street-level entrances and 3,000 square feet of ground-floor retail space. The property includes a rooftop deck, open-air walkways, landscaped courtyards, a fitness center, controlled-access parking garage, bike storage and onsite paddle board and kayak rentals.

September 2, 2026

Acquisitions Multifamily Oregon Western

Fourth Avenue Capital Buys Apartment Complex in Bend, Oregon for $20M

by Amy Works September 2, 2026

BEND, ORE. — Fourth Avenue Capital has purchased Steppe, an apartment complex in Bend, about 175 miles southeast of Portland. National Real Estate Advisors sold Steppe for $20 million. Sam Lawhead, Joe Nydahl, Matt Dodd and Josh McDonald of CBRE represented both the seller and buyer in the transaction. Completed in 2025, Steppe features 87 one- and two-bedroom apartments across six residential buildings. Community amenities include a resident clubhouse, outdoor gathering spaces, electric vehicle charging stations and a dog wash station.

September 2, 2026

Acquisitions California Office Western

Joint Venture Acquires 95,551 SF Office Building in San Marcos, California

by Amy Works September 2, 2026

SAN MARCOS, CALIF. — A joint venture between Newport National Corp., Bluebird Capital Group and Salt Lake City-based Sundance Bay has acquired Civic View Corporate Centre, an office building located at 300 Rancheros Drive in San Marcos a northern suburb of San Deigo. At the time of sale, the 95,551-square-foot property was fully leased to a variety of tenants, including Smith Chason College, Black and Veatch and San Diego Regional Center. Newport National Corp. originally developed the property in 2008 and sold it in 2015. With this reacquisition, the joint venture plans to invest in tenant improvement packages, including upgraded building amenities. The new ownership has retained Chris Williams and Victoria Soto of CBRE to handing leasing for the property. Rick Reeder and Brad Tecca of Newmark, San Diego represented the undisclosed seller in the deal.

September 2, 2026

Build-to-Rent California Development Loans Single-Family Rental Western

Canyon Partners, J.P. Morgan Provide $74.7M Construction Loan for Inland Empire Townhome Project

by Amy Works September 1, 2026

RIVERSIDE, CALIF. — Canyon Partners and J.P. Morgan have provided a $74.7 million senior construction loan for a townhome rental project in Riverside’s Mission Grove neighborhood. The developer, BCT Development, is a joint venture between Bain Capital Real Estate and Cherry Tree Development. The community has yet to be branded, but plans call for 180 rental townhomes in a mix of two-, three- and four-bedroom floor plans, as well as amenities such as a pool, fitness center and clubhouse. A construction timeline was not disclosed. The financing represents Canyon’s second senior construction loan to BCT this year following the closing of a $91.3 million loan in March for the development of a 232-unit rental townhome community, also located in Riverside.

September 1, 2026

Arizona Development Mixed-Use Office Retail Western

Trammell Crow Co. Completes Sprouts Farmers Market Headquarters in Phoenix

by Amy Works September 1, 2026

PHOENIX — Trammell Crow Co. has completed a 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The 8-acre project consists of a 145,000-square-foot Class A office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of additional retail space. The grocery store opened to the public on July 24, 2026, and the office headquarters building is now ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the headquarters features a community garden, rooftop deck, fitness center and culinary kitchens.

September 1, 2026

Acquisitions Multifamily Washington Western

Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M

by Amy Works September 1, 2026

SEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit multifamily property located in the Denny Triangle neighborhood of Seattle. PrivatePortfolio GroupFreestone Capital sold the property for $32.2 million, or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer, both of which are Seattle-based, in the transaction. Built in 2014, Aperture on Fifth comprises studio, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and an underground parking garage. Some units feature views of the Space Needle and the downtown Seattle skyline.

September 1, 2026

Acquisitions California Multifamily Western

Northmarq Arranges $23.5M Sale of Two-Property Multifamily Portfolio in Northern California

by Amy Works September 1, 2026

UKIAH, CALIF. — Northmarq has arranged the $23.5 million sale of a two-property multifamily portfolio in the Northern California city of Ukiah. Ridge Capital Investments sold the portfolio to an undisclosed buyer. Totaling 121 units, the portfolio includes Sierra Sunset Village at 505-531 Capps Lane and Alderwood Apartments at 1416 and 1450 S. State St. The 68-unit Sierra Sunset Village features mostly two-bedroom apartments with open floor plans, stainless steel appliances, hardwood-style flooring and central air conditioning. Community amenities include a pool, fitness center and an outdoor picnic area. Alderwood Apartments offers 53 units in a mix of two- and three-bedroom floor plans that are furnished with energy-efficient appliances, hardwood-style flooring and private balconies.Onsite amenities include a resort-style pool, covered garage parking and outdoor grilling areas. Zach LeBeouf and Anthony Pappageorge of Northmarq’s Walnut Creek, Calif., Investment Sales team represented the seller in the deal.

September 1, 2026

Affordable Housing California Development Multifamily Western

Waterford Property Co. Breaks Ground on Affordable Housing Project in Milpitas, California

by Amy Works August 31, 2026

MILPITAS, CALIF. — Newport Beach, Calif.-based Waterford Property Co. has started construction of a 75-unit affordable multifamily property located at 1397 California Circle in Milpitas, located in California’s Santa Clara County. As part of a larger residential master-planned community, the 75-unit property will offer apartments to families earning between 30 percent to 70 percent of the area median income. Slated for completion in early 2028, the project is being financed with 4 percent Low-Income Housing Tax Credits and private activity bonds. Designed by KTGY Architecture and built in partnership with C&C Development, the community will feature four floors of residential space above a parking garage. Community amenities will include two podium-level courtyards, a tot lot, barbecue and outdoor gaming area, lounge, community room, teen homework room, fully equipped community kitchen and dining area, entertainment space with TV and foosball table, a yoga/fitness studio, bike storage and electric vehicle charging stations. Through a partnership with the nonprofit organization Pacific Housing Inc., residents will have access to no-cost, onsite social services programming, including after-school youth tutoring, teen leadership and social skill development and adult financial literacy and wellness classes, as well as dedicated service coordination for individual families. Construction financing was provided by …

August 31, 2026

Acquisitions Colorado Industrial Western

Ogilvie Partners Sells Prospect Innovation Campus in Fort Collins to ZS Capital Partners for $42M

by Amy Works August 31, 2026

FORT COLLINS, COLO. — Ogilvie Partners has sold Prospect Innovation Campus, an industrial flex and research-and-development (R&D) campus in Fort Collins, to Denver-based ZS Capital Partners for $42 million. The 226,000-square-foot property comprises 11 buildings across four developments: Midpoint 3, River Center, Spring Creek and One Prospect. Constructed between late 1980s and early 2000, Prospect Innovation Campus offers a mix of small-bay industrial, flex and R&D space, as well as flexible suite configurations and a blend of office and warehouse components. The campus provides convenient access to I-25. Jeremy Ballenger, Tyler Carner, Patrick Devereaux, James Brady and Campbell Davis of CBRE represented the seller in the transaction.

August 31, 2026

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