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

Arizona Development Industrial Western

Seefried, WDP Break Ground on 269,100 SF Industrial Park in Chandler, Arizona

by Amy Works September 23, 2026

CHANDLER, ARIZ. — Seefried Industrial Properties, in partnership with WDP Partners, has broken ground on an industrial project at 1703 S. Arizona Ave. in Chandler. ARCO is serving as general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 16.7 acres, the two-building project will feature 269,100 square feet of Class A industrial space. The project will include a 69,300-square-foot Building A and a 199,800-square-foot Building B. Both buildings will feature 32-foot clear heights and ESFR sprinkler systems, with a combined 65 dock-high doors, four grade-level doors, 204 parking spaces and 56 trailer spaces. Dan Calihan, Pat Feeney and Tyler Vowels of CBRE are handling leasing and marketing efforts for the development.

September 23, 2026

Acquisitions California Office Western

Cushman & Wakefield Arranges $33.7M Sale of Office Building in Ontario, California

by Amy Works September 23, 2026

ONTARIO, CALIF. — Cushman & Wakefield has brokered the sale of 901 Via Piemonte, a Class A office building in Ontario. MGR Real Estate purchased the asset from Greenlaw Partners LLC for $33.7 million. Built in 2008, 901 Via Piemonte is five-story, 122,602-square-foot building. Additionally, the building includes 1,000 onsite parking spaces, advanced security systems and energy-efficient infrastructure. Jeffrey Cole, Nico Napolitano, Kristen Schottmiller and Ted Terry of Cushman & Wakefield represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the transaction.

September 23, 2026

Acquisitions Colorado Multifamily Western

FPA Multifamily Acquires 237-Unit, Three-Building Apartment Portfolio in Denver

by Amy Works September 22, 2026

DENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver from 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. for an undisclosed price. Justin Hunt and Andy Hellman of CBRE represented the sellers and original owners of the properties in the deal. The portfolio includes: The sellers recently renovated about a dozen units across the portfolio. The units include air conditioning, dishwashers and oversized private balconies. The buildings share an amenity package, including a clubhouse, pool, sauna, community kitchen, billiards, ping pong table and parking garages. Additionally, Tabor House offers a fitness center and Heritage House and Post House offer steam rooms.

September 22, 2026

Acquisitions California Industrial Western

Oxford Properties Sells 238,473 SF Light Industrial Portfolio in Riverside, California

by Amy Works September 22, 2026

RIVERSIDE, CALIF. — Oxford Properties has completed the disposition of a light industrial portfolio in Riverside to Sierra Ridge Capital, with Los Angeles-based Pacific Properties Group providing the equity, for an undisclosed price. Patrick Nally, Ryan Spradling and Shae Vomund of JLL Capital Markets represented the seller in the transaction. Totaling 238,473 square feet, the portfolio includes: Jeff Sause, Danny Ryan and Jenny Barger of JLL Capital Markets arranged a $25 million acquisition loan with a correspondent life insurance company for the buyer.

September 22, 2026

Colorado Development Healthcare Western

AdventHealth Opens 88,000 SF Aurora Highlands Medical Campus in Colorado

by Amy Works September 22, 2026

AURORA, COLO. — AdventHealth has opened AdventHealth Aurora Highlands, a medical campus within the The Aurora Highlands that will open to patients on Tuesday, Sept. 29. Located at 3405 N. Main St., AdventHealth Aurora Highlands emergency room and medical office building is the first phase of a planned, dual-phase medical campus. The 88,000-square-foot facility includes a 24-hour freestanding emergency room, outpatient imaging and clinic services. The campus will offer a freestanding emergency department with eight exam rooms, two trauma exam rooms and a helipad; outpatient imaging services, including CT, ultrasound and X-ray, with plans to add MRI services in the future; primary care, orthopedic, cardiology and OB/GYN services; and additional clinic space to support future growth. AdventHealth Aurora Highlands is equipped with 96 geothermal wells, each extending approximately 500 feet underground. Together the wells provide up to 240 tons of heating and cooling capacity, helping reduce energy use and carbon emissions. The new campus is part of AdventHealth’s long-term commitment to growing access to healthcare as The Aurora Highlands submarket expands. Future campus development plans will include a 50- to 75-bed hospital with an anticipated Level III trauma center designation. The project team includes HKS as architect of record, SmithGroup as …

September 22, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island

by Amy Works September 22, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, Calif.-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. Built in 1983, the apartment community operates under a Section 8 Housing Assistance Payments (HAP) contract and is subject to a ground lease with the Santa Catalina Island Co. through 2053. The property is expected to continue operating as an affordable housing community under its existing HAP contract and long-term ground lease. The Santa Catalina Island Co. is a private, for-profit hospitality and real estate group that owns major tourism operations, commercial properties and land on Catalina Island.

September 22, 2026

Acquisitions California Multifamily Seniors Housing Western

Affinius Capital, Alliance Residential Dispose of 545-Unit Seniors Housing Portfolio in Northern California

by Amy Works September 21, 2026

ROSEVILLE AND SAN JOSE, CALIF. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California. The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021. Amenities at the communities include outdoor pools, fitness centers, salons and spas, theaters and bocce ball and pickleball courts. Aaron Rosenzweig, Dan Baker and Sandis Seale of JLL Capital Markets arranged the transaction on behalf of the seller. A publicly traded REIT acquired the properties for an undisclosed price. According to a statement released by JLL, the transaction represents one of the largest seniors housing portfolio sales in Northern California in recent years.

September 21, 2026

Acquisitions California Industrial Western

Newmark Brokers Sale of Four-Building Industrial Portfolio in Silicon Valley

by Amy Works September 21, 2026

MILPITAS, CALIF. — Newmark has arranged the sale of The Cadillac Court Industrial Portfolio, an industrial campus in Milpitas. An undisclosed seller sold the four-building property to Galvanize Real Estate, the sustainable real estate strategy of Galvanize, for an undisclosed price. Steve Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the seller in the deal. Approximately 95 percent leased, the 302,447-square-foot campus is adjacent to Interstate 880 and offers immediate access to State Route 237. Built between 1991 and 1994, the property features 61 dock-high doors, 16 grade-level doors and approximately 8,000 amps of power. The campus serves a diverse tenant roster spanning millworker and fabrication, corporate services, technology and distribution uses.

September 21, 2026

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