Western

Greystar-Led Joint Venture Breaks Ground on 605-Bed Student Housing Project Near San Diego State University

by Amy Works November 20, 2025

SAN DIEGO — A joint venture between Greystar, Kanden Realty & Development America and Tokyo Tatemono has broken ground on Accolade Campanile, a 605-bed student housing development serving students attending San Diego State University. The development will rise six stories and offer 310 units at the southwest corner of Montezuma Road and Campanile Drive. Shared amenities are set to include a pool and spa; multiple outdoor kitchens and gathering spaces; fire pits; a fully equipped indoor/outdoor fitness center; multiple clubhouses; recreation and game lounges, including a speakeasy; indoor bicycle storage; a dog spa; and dedicated study spaces on each floor. The property will also feature ground-floor retail space. The community was designed by JWDA Architects. Construction financing was provided by Helaba Landesbank Hessen-Thüringen. The project is scheduled for completion in June 2028 with leasing set to begin in August 2027.

November 20, 2025

Arizona Development Retail Western

Vestar Completes 400,000 SF Queen Creek Crossing in Metro Phoenix

by Amy Works November 20, 2025

QUEEN CREEK, ARIZ. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. Vestar originally broke ground on the 31-acre development in 2022.

November 20, 2025

Arizona Development Retail Western

Diversified Partners to Develop $60M East Gate Plaza Retail Project in Mesa, Arizona

by Amy Works November 20, 2025

MESA, ARIZ. — Diversified Partners has announced plans to develop East Gate Plaza, a $60 million retail destination at the northeast corner of Elliot and Ellsworth roads in Mesa. Spanning approximately 7 acres, East Gate Plaza is located within the master-planned community of Eastmark and the emerging Superstition Vistas region, a planned 275-square-mile area of developable residential and commercial opportunities. East Gate Plaza will feature distinctive building designs, pedestrian-friendly layouts and a professional curated tenant mix. Current confirmed tenants include Starbucks Coffee, Einstein Bros. Bagels, Discount Tires, FitFX, WingSnob, Señor Taco, Farmer Boys, Zeitouna, Fresh Monkee, Port of Subs, Ono Hawaiian BBQ, Euphoria Nail Salon, Playa Bowls, Hand & Stone Spa, Kolache Café and Andi’s Hair Salon (AVEDA). Additional tenants will include a dental office, a veterinary practice, a med spa, family medicine practice and a restaurant with a bar. The project will also feature the Cambria Hotel. Construction is underway, with delivery slated for first-quarter 2026. Walt Brown Jr. and Robert Mayhew of Diversified Partners are leading the development team. Matt Pergola, Brandon Vasquez and Austin Payne of Diversified Partners CRE are handling brokerage services for the project.

November 20, 2025

Loans Nevada Retail Western

Maverick Commercial Mortgage Arranges Two Loans Totaling $36.4M for Nevada Shopping Center, Land Parcel

by Amy Works November 20, 2025

HENDERSON, NEV. — Maverick Commercial Mortgage has arranged two loans totaling $36.4 million in Henderson. Maverick closed a $28 million CMBS loan for the owner, developer and operator of a shopping center in Henderson. The undisclosed borrower, which has owned the property since 2015, will use the loan to refinance the in-place loan and equity. The financing is a five-year, interest-only loan that will provide the borrower long-term, fixed-rate financing to leverage its property and provide steady cash flows. Maverick also closed an $8.4 million land loan for the owner and developer of a land parcel in Henderson. The undisclosed borrower has owned the property since 2015, and is using the loan proceeds to continue the development of the site with retail tenants and quick-service restaurants. This financing will be paid off by the sales of the individual parcels.

November 20, 2025

Acquisitions California Industrial Western

Patrinely, Dune Real Estate Sell 93,575 SF Warehouse in Menifee, California

by Amy Works November 20, 2025

MENIFEE, CALIF. — Patrinely, in partnership with affiliates of Dune Real Estate Partners, has completed the sale of a newly constructed warehouse building at Gateway at Menifee, a logistics campus at the intersection of I-215 and Scott Road in Menifee. Located at 33580 Zeiders Road, the property offers 93,575 square feet of Class A industrial space. The remaining two available buildings total 450,540 square feet (229,934 square feet and 220,606 square feet) and feature 36-foot clear heights, 81 total dock-high doors and 185-foot truck court depths each. Patrinely developed the project. Eloy Covarrubias, Joe Werdein, Rob Gunness and Garry Jenkins of CBRE are handling leasing and sales under the direction of Phillip Moore and Dennis Tarro of Patrinely.

November 20, 2025

Content Partner Features Loans Midwest Northeast Southeast Texas Western

AI-Driven Approach Powers the Next Phase of Commercial Real Estate Strategy

by Sarah Daniels November 20, 2025

Commercial real estate is in the middle of one of its biggest transitions. For years, the challenge was finding data. Now the challenge is knowing what to do with it. Artificial intelligence (AI) is starting to change that. The conversation has shifted from if we should be using AI to how we can use it in a way that actually improves business outcomes. REBusiness recently spoke with Rob Finlay, founder and CEO of Defease With Ease | Thirty Capital, and Trevor Albarran, VP of product at Lobby AI, about how AI is changing decision-making in commercial real estate (CRE), what early adopters have learned and what leaders should be focusing on next. REBusinessOnline (REBO): What’s the biggest opportunity facing CRE executives today? Rob Finlay: It depends on the context, but right now, AI is the most powerful tool a real estate executive can have in their arsenal. AI finally gives principals — the people paid to think — the space to actually do that. When I started in real estate, I was paid to do. But as my role evolved, my value shifted to thinking — being strategic, motivating teams, and making high-level decisions. AI amplifies that ability. It takes …

November 20, 2025

Acquisitions Arizona Development Loans Multifamily Western

EMBREY Closes on Land, Financing for 340-Unit Multifamily Development in Phoenix

by Amy Works November 19, 2025

PHOENIX — EMBREY has closed on the land and financing for 12th & Greenway, a Class A apartment property located near North 12th Street and Greenway Parkway in Phoenix. Construction will begin immediately, with first occupancy slated for third-quarter 2027. Situated on 7 acres, the four-story, wrap-style community will feature 340 apartments, including townhomes. Units will feature open-concept layouts with 9- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless steel appliances. Additional features will include built-in desks, keyless entry and double vanities in select units. Onsite amenities will include a heated pool and hot tub with private cabanas, an outdoor kitchen and fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured 24-hour package room. Outdoor features will include several courtyards, a walking trail, dog park and shaded community spaces. Frost Bank, with support from private investors, provided financing for 12th & Greenway. EMBREY’s Garrett Karam and Jimmy McCloskey led the execution of the transaction.

November 19, 2025

Arizona Development Industrial Western

Lincoln Delivers Phase I of I-10 International Logistics Campus in Tucson

by Amy Works November 19, 2025

TUCSON, ARIZ. — Lincoln Property Co. has completed I-10 International Phase I, the company’s first-ever ground-up industrial development in Tucson. Valued at $80 million, I-10 International Phase I sits on 79 acres at the southeast corner of Alvernon Way and Los Reales Road, two miles from an interchange at I-10 and Valencia Road, within the Tucson International Airport submarket. Totaling 373,811 square feet, the property includes the 158,944-square-foot Building B and the 214,867-square-foot Building C. A fully designed, 188,434-square-foot Building A and a 476,000-square-foot Building D will be developed in line with market demand, bringing the asset to more than 1 million square feet of Class A industrial space. Buildings at I-10 International Phase I are state-of-the-art cold capable with 32-foot clear heights, 14-foot glass entrances, full concrete truck courts, generous clerestory windows and an R-38 insulated roof deck system. The project team includes Brinkmann Constructors as general contractor and Butler Design Group and Ware Malcomb as the collaborative design team. Jesse Blum of Cushman & Wakefield | PICOR is handling leasing for the project.

November 19, 2025

Acquisitions California Multifamily Western

Interstate Equities Buys 160-Unit Workforce Housing Property in San Jose, California

by Amy Works November 19, 2025

SAN JOSE, CALIF. — Interstate Equities Corp. has acquired Atrium Garden, a multifamily community located at 1536 Kerley Drive in San Jose, from an undisclosed seller for $18.4 million. The four-story property offers 160 apartments on three levels over a ground-floor podium parking structure with 63 onsite parking spaces. Residences are fully furnished with beds, bedside tables and lamps, lounge chairs, built-in desks, chairs and TVs. Community amenities include a fitness center, media rooms, multiple resident lounges, community kitchens, onsite laundry facilities and an outdoor barbecue and lounge area.

November 19, 2025

Acquisitions Multifamily Washington Western

Pine Forest Properties Sells Juniper Ridge Apartments in Bellevue, Washington for $17.5M

by Amy Works November 19, 2025

BELLEVUE, WASH. — Pine Forest Properties has completed the disposition of Juniper Ridge, a multifamily property in Bellevue, to a private investor for $17.5 million, or $397,727 per unit. Built in 1991 and renovated in 2015 and 2016, Juniper Ridge offers 44 apartments with kitchen pantries, linen closets, wood-burning fireplaces and a private deck or patio. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

November 19, 2025

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