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

Acquisitions California Multifamily Western

Tesseract Capital Sells Apartment Property in Modesto, California for $26.6M

by Amy Works September 21, 2026

MODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million. Located at 1600 Standiford Ave., The Marc at 1600 features 100 one- and two-bedroom apartments with an average size of 798 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group represented the seller in the deal.

September 21, 2026

Colorado Development Multifamily Western

Livmark, Hillside to Develop 185-Unit Multifamily Community in Longmont, Colorado

by Amy Works September 21, 2026

LONGMONT, COLO. — Livmark Communities and Hillside Commercial Group have started construction of Fielder at Fox Hill, an apartment and townhome property adjacent to Fox Hill Country Club golf course in Longmont. Landmark Construction Solutions is serving as general contractor and Greystar will manage the completed property. Construction activities began in June with initial site work and infrastructure improvements. Slated for completion in fall 2027, Fielder at Fox Hill will feature 185 units, including townhomes with private yards and two-car garages, across 11 two- and three-story buildings. Community amenities will include a clubhouse, an indoor and outdoor fitness space, a pool and hot tub with cabanas, outdoor fire pits, bike racks and a repair station, a rentable kitchen and game area, coworking space, a sauna, dog wash, pocket parks and pergola areas, electric vehicle chargers in every garage and secure package lockers.

September 21, 2026

Arizona California Georgia Loans Retail Western

JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three States

by Amy Works September 18, 2026

CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.

September 18, 2026

Colorado Development Multifamily Western

Thompson Thrift Opens 276-Unit Apartment Property in Colorado Springs

by Amy Works September 18, 2026

COLORADO SPRINGS, COLO. — Thompson Thrift has opened Switch, a multifamily community in Colorado Springs. Thompson Thrift 2023 Multifamily Development L.P. provided equity for the development. Situated on 11 acres at the intersection of Voyager Parkway and North Gate Boulevard, Switch features 276 one-, two- and three-bedroom units with stainless steel appliances, glass-top ranges, hardwood-style flooring, walk-in showers, multiple smart home capabilities and full-sized washers/dryers. Additionally, select units offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options. Community amenities include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa and a coffee bar. The property also includes a resident conference room with video conference technology, an outdoor entertainment kitchen and community-wide Wi-Fi. The property is located within the Polaris Pointe development, a 60-business, 200-acre retail complex that features Ford Amphitheater, Sprouts Farmers Market, Bass Pro Shops, Chick-fil-A, Topgolf, iFly, AirCity 260 and Overdrive Raceway.

September 18, 2026

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