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

Acquisitions California Industrial Western

Newmark Brokers $27.2M Sale of R&D Facility in El Segundo, California

by Amy Works August 31, 2026

EL SEGUNDO, CALIF. — Newmark has brokered the sale of a research-and-development (R&D) office facility in El Segundo, located just south of Los Angeles International Airport. Hackman Capital Partners sold the property, which is fully leased to electric vehicle manufacturer Rivian on a triple-net basis, to Majestic Asset Management for $27.2 million, or $480 per square foot. Situated on 2.1 acres at 401 Coral Circle, the 56,815-square-foot facility features 24-foot clear heights, six dock-high doors, 3,000 amps of power, a car wash and 110 parking stalls. Originally built in 1967 and renovated in 2020, the property serves as both a customer-facing service center and a highly secure R&D facility, supporting Rivian’s consumer and commercial vehicle lines. Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Micheal Moll, Ryan Plummer, Andrew Briner and Aaron Banks of Newmark represented the seller in the deal. Blake Thompson and Travis Bailey, also with Newmark, provided support on the debt strategy and financing consideration throughout the transaction process.

August 31, 2026

California Loans Multifamily Student Housing Western

Priority Capital Advisory Arranges $13.6M Bridge Loan for Refinancing of Los Angeles Multifamily Property

by Amy Works August 31, 2026

LOS ANGELES — Priority Capital Advisory has arranged a $13.6 million bridge loan for the refinancing of a student housing and multifamily property located at 8833 Reading Ave. in Los Angeles’ Westchester neighborhood. The owner is a joint venture between Six Peak Capital and Grandview Partners. Completed in April 2025, the five-story property features 33 one-, two-, three-, four- five- and six-bedroom apartments and a 25-space subterranean parking level. Units feature stainless steel appliances, quartz countertops, vinyl plank and tile flooring, walk-in closets and washers/dryers. Community amenities include a rooftop deck with barbecues and a clubhouse with a kitchen, as well as automated package lockers. The property is currently 88 percent occupied, with approximately 50 percent of the units leased to students. Additionally, three units are covenanted for very low-income households and two units covenanted for extremely low-income households.

August 31, 2026

Acquisitions Colorado Multifamily Western

Vantage Communities Sells 288-Unit Multifamily Community in Loveland, Colorado

by Amy Works August 28, 2026

LOVELAND, COLO. — Vantage Communities has sold Vantage at Loveland, an apartment community located just south of Fort Collins. The buyer was JB Matteson, and the sales price was undisclosed. Greg Parker and Jason Hornick of Marcus & Millichap represented the seller and procured the buyer in the deal. Completed in 2024, Vantage at Loveland features 288 apartments, a resort-style pool, clubhouse, fitness center and an outdoor recreation areas. Apartments offer washers and dryers, walk-in closets, kitchen islands and yards.

August 28, 2026

Acquisitions California Industrial Western

CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California

by Amy Works August 28, 2026

BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.

August 28, 2026

Acquisitions Multifamily Washington Western

IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington

by Amy Works August 28, 2026

ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen, also with IPA, arranged acquisition financing for the buyer. Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, as well as an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.

August 28, 2026

California Development Multifamily Western

Rockpoint, Holland Partner Group to Develop 311-Unit Multifamily Project in San Jose, California

by Amy Works August 28, 2026

SAN JOSE, CALIF. — Boston-based Rockpoint and Hollard Partner Group have entered into a joint venture to develop Stevens Creek, a multifamily property that will be located at 2896 Stevens Creek Blvd. in West San Jose. Financial terms of the transaction were not disclosed. Scheduled for completion in 2029, Stevens Creek will feature 311 apartments and 6,000 square feet of ground-floor retail space. Units will offer stainless steel appliances, solid-surface countertops, in-unit washers and dryers and luxury vinyl tile flooring. Community amenities will include a resort-style pool, landscaped courtyard, resident lounge, fitness center and a coworking lounge.

August 28, 2026

Acquisitions California Multifamily Western

CBRE Arranges $21M Sale of Tournament Patio Apartments in Torrance, California

by Amy Works August 27, 2026

TORRANCE, CALIF. — CBRE has arranged the $21 million sale of Tournament Patio Apartments in the Southern California city of Torrance. JS Bower Foundation sold the property to Good Capital Group. Situated on 1.7 acres at 4111 W. 239th St., Tournament Patio Apartments features 60 apartments with an average units size of 1,023 square feet. The two-story, garden-style property was built in 1963. Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy of CBRE represented the seller in the deal.

August 27, 2026

Acquisitions Arizona Healthcare Industrial Mixed-Use Office Western

Venture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2M

by Amy Works August 27, 2026

ORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction. Kate Zimmerman, also with Cushman & Wakefield | PICOR, supported the transaction. Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.

August 27, 2026

Newer Posts

Older Posts