Western

Colliers Arranges $56M Sale of 200-Unit Multifamily Community in Denver

by Amy Works April 2, 2026

DENVER — Colliers has directed the sale of Momentum at First Creek, an apartment property located at 5500 Telluride St. in Denver. A local Colorado-based developer sold the asset to a private out-of-state investment firm for $56 million. Completed in 2023, Momentum at First Creek offers 200 apartments, a resort-style pool, an outdoor chef-inspired kitchen with a pizza oven, a fitness center and a clubhouse featuring a game room and collaborative workspaces. Craig Stack, Bill Morkes and Nate Moyer of Colliers represented the seller in the transaction. Colliers Debt and Structured Finance team secured financing for the property on behalf of the buyer.

April 2, 2026

Acquisitions California Industrial Western

Realty Income Acquires Industrial Facility in Poway, California for $43.3M

by Amy Works April 2, 2026

POWAY, CALIF. — Realty Income has purchased a light industrial and manufacturing facility, located at 13100 Danielson St. in Poway, for $43.3 million. Hunter Rowe, Brian Russell, Michael Longo and Matt Carlson of CBRE represented the undisclosed seller in the deal. Situated on 7.2 acres, the 133,844-square-foot building features nine dock-high doors, 11 grade-level doors, a secure truck court and a loading area. At the time of sale, the property was fully leased to a manufacturer specializing in corrugated boxes and packaging solutions.

April 2, 2026

Acquisitions Industrial Oregon Western

Ethos Development, Alpine Capital Buy 200,000 SF Redmond Industrial Park in Oregon

by Amy Works April 2, 2026

REDMOND, ORE. — A partnership between Portland, Ore.-based Ethos Development and San Diego-based Alpine Capital Investments has acquired Redmond Industrial Park, an industrial asset situated on 45 acres in Redmond. Terms of the transaction were not disclosed. The 200,000-square-foot property consists of four industrial buildings and approximately 26 acres of excess land with development potential. At the time of sale, the asset was fully leased to a variety of regional and national tenants, including BasX Solutions and Old Dominion Freight Line. The property team includes KCB Private Equity as capital partner, Ethos Commercial Advisors as debt broker, Meritus Property Group as property manager and Fratzke Commercial as investment sales broker.

April 2, 2026

Acquisitions California Retail Western

Hanley Investment Group Brokers Sales of Two Car Wash Properties in San Bernardino County Totaling $5.2M

by Amy Works April 2, 2026

HESPERIA AND SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sales of two newly constructed, single-tenant Quick Quack Car Wash properties in two separate transactions located in Hesperia and San Bernardino. Each 3,596-square-foot property operates on a 20-year absolute triple-net ground lease and sold for roughly $2.6 million. Bill Asher and Jeff Lefko of Hanley represented both sellers.

April 2, 2026

California Loans Office Western

Sonnenblick-Eichner Co. Secures $80M Refinancing for Del Ray Office Campus in Los Angeles

by Amy Works April 1, 2026

LOS ANGELES — Sonnenblick-Eichner Co. has arranged an $80 million first-mortgage loan secured by Del Rey Campus, a creative office campus in the Marina del Rey submarket of West Los Angeles. The five-year, fixed-rate, interest-only financing was funded by Goldman Sachs and refinanced a construction loan for the property. The sponsor, a joint venture between Continental Development Corp. and Mar Ventures, built the asset in 2020. Located at 4800 Alla Road, the three-building campus offers 162,031 square feet of creative office space with flexibility for full floor and multi-tenant buildouts. All buildings feature 21-foot clear space with exposed ceilings, generous balconies, ground-floor patios and courtyards. The campus also features a café, fitness center with men’s and women’s locker rooms, secured bicycle and surfboard storage areas. Current tenants include the global headquarters of the World Surf League, the westside location for CENTRL Office, a Portland, Ore.-based coworking operator and a large video game studio.

April 1, 2026

Acquisitions California Office Western

Bridgeway Real Estate Partners, LBX Investments Buy Plaza Del Mar Office Campus in San Diego for $43M

by Amy Works April 1, 2026

SAN DIEGO — Bridgeway Real Estate Partners, in partnership with LBX Investments, has acquired Plaza Del Mar, an office campus in the Del Mar Heights submarket of San Diego, for $43 million, or $352 per square foot. Located at 12520 and 12526 High Bluff Drive, Plaza Del Mar offers 120,000 square feet of office space. Bridgeway plans to reintroduce the property to the market with an enhanced campus environment, including upgrades to the common area courtyards. Scott Peterson, Mark McGovern, Colby Matzke and Michael Kolcum of CBRE’s Debt and Structured Finance secured acquisition financing on behalf of the buyer. CBRE’s Mike Hoeck, Chris Pascale and Ellycia Walker will handle leasing for the property. Rick Reeder of Newmark represented the undisclosed seller in the transaction.

April 1, 2026

Acquisitions California Industrial Western

RAF Pacifica Group Sells Rivian-Occupied Industrial Property in Vista, California

by Amy Works April 1, 2026

VISTA, CALIF. — RAF Pacifica Group, in partnership with CenterSquare Investment Management, has completed the disposition of an industrial building located at 3280 Corporate View in Vista. Terms of the transaction were not released. Cushman & Wakefield represented the sellers in the transaction. Rivian Automotive, an electric vehicle manufacturer, fully occupies the 59,828-square-foot property, which offers convenient access to major interstate freeways.

April 1, 2026

California Loans Office Western

JLL Arranges $7.5M Refinancing for Retail, Office Building in Long Beach, California

by Amy Works April 1, 2026

LONG BEACH, CALIF. — JLL Capital Markets has arranged a $7.5 million permanent loan to refinance 200 Pine Avenue, a 64,376-square-foot retail and office property located in Long Beach. Brad Vansant and Jenna Frakes of JLL secured the fixed-rate financing on behalf of the borrower, Bascom Group. Renovated in 2022, 200 Pine Avenue is a six-story building with an attached 123-stall parking garage and ground-floor retail space. The building, which has recently been renovated to provide common area and tenant improvements, is 81 percent leased to 15 tenants. Restaurant and sports bar Dirty Birds recently signed a lease to occupy a portion of the ground-floor retail space, joining Agaves Kitchen & Tequila and Agaves Ultra Lounge.

April 1, 2026

Development Hospitality Loans Utah Western

Domain Cos., Cottonwood Group Receive $102M in Financing for Development of Kimpton Hotel in Salt Lake City

by Amy Works March 31, 2026

SALT LAKE CITY — The Domain Cos., in partnership with Cottonwood Group, has closed on $102 million in financing for the development of hotel at 370 S. West Temple in downtown Salt Lake City. Completion is slated for first-quarter 2028. Slated to operate under IHG Hotels & Resorts’ Kimpton brand, the 10-story hotel will feature 216 guest rooms, food-and-beverage options, including upscale and casual dining and a rooftop bar. Additional hotel amenities will include a fitness center, 7,000 square feet of meeting space, valet parking and indoor and outdoor terraces for year-round social and corporate gatherings. The hotel will be within walking distance of major city landmarks, such as Delta Center, Salt Pace Convention Center, City Creek Center and Restaurant Row. The project team includes Solomon Cordwell Buenz as project architect, Goodrich and Studio Mainer as interior designer and Wadman as general contractor. Stonebridge Cos. will manage the project. Matt Weiner, Jay Morrow and Dustin Stolly of Walker & Dunlop handled the financing transaction.

March 31, 2026

Colorado Loans Multifamily Western

CBRE Secures $70M Refinancing for 24Fifty at University Park Multifamily Property in Denver

by Amy Works March 31, 2026

DENVER — CBRE has arranged a $70 million refinancing for 24Fifty at University Park, a multifamily community in Denver. Brad Zampa, Mike Walker, Brady O’Donnell and Jill Haug of CBRE secured the five-year, floating-rate loan from a national debt fund for the borrower, DivcoWest. Located at 2450 S. University Blvd., 24Fifty features 252 studio, one- and two-bedroom units with modern finishes, stainless steel appliances, quartz countertops and in-unit washers/dryers. Community amenities include a rooftop pool and spa, an indoor lap pool, an outdoor terrace and grilling area, a fitness center, resident lounge and structured parking, as well as fully leased ground-floor retail space. The mid-rise community was built in 2019.

March 31, 2026

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