Western

Kennedy Wilson, Partners Acquire 312-Unit Multifamily Community in San Jose for $176M

by Amy Works October 26, 2026

SAN JOSE, CALIF. — Kennedy Wilson has partnered with two Japanese investment firms to acquire One South Market, a 312-unit community in downtown San Jose, for $176 million. The investment partners are Tokyo-based real estate company Hulic Co. Ltd. and Fuyo General Lease (USA) Inc., the U.S. subsidiary of Japanese financial services company Fuyo General Lease Co. Ltd. The acquisition marks Beverly Hills, Calif.-based Kennedy Wilson’s fifth joint venture with Hulic and its first with Fuyo. Locally based Lakevision Capital was the seller. Built in 2015, One South Market is located adjacent to San Pedro Square. The high-rise community features 312 units as well as 6,534 square feet of fully leased ground-floor retail. CBRE’s Jon Teel represented the buyers in the transaction.

October 26, 2026

California Loans Multifamily Western

Northmarq Arranges $95.8M Refinancing for 1,461-Unit Southern California Multifamily Portfolio

by Amy Works October 26, 2026

LOS ANGELES — Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring Management Corp. across Southern California. Nathan Prouty, Andrew Slaton and John Holt of Northmarq arranged the financing through Voya Investment Management. The transaction refinances existing debt across the portfolio, including four loans originally placed with Voya in 2007. Structured as six separate, non-cross-collateralized loans, the financing combines fixed- and floating-rate structures, interest-only payments and flexible prepayment provisions. The new financing addresses upcoming maturities while preserving flexibility for E&S Ring across the portfolio. The portfolio includes the 168-unit Case Granada and 183-unit Sunset Barrington Gardens in Brentwood, the 117-unit Meadows South in Culver City, the 400-unit Mountain Vista in Victorville, the 317-unit Rancho Los Feliz and the 276-unit Villa Vicente in Mid-Wilshire.

October 26, 2026

Acquisitions Colorado Industrial Western

EastGroup Buys Three-Building Logistics Park in Thornton, Colorado for $94.5M

by Amy Works October 26, 2026

THORNTON, COLO. — EastGroup Properties has acquired 25 Commerce Park, a Class A industrial campus in Thornton, from Rockefeller Group for $94.5 million. Jeremy Ballenger and Tyler Carner of CBRE represented the seller in the deal. CBRE’s Todd Witty and Daniel Close fully leased the project prior to being marketed for sale. Completed by Rockefeller Group in 2025, 25 Commerce Park features three buildings offering a total of 453,550 square feet of industrial space. At the time of sale, the property was fully leased to four tenants. The campus features modern building depths, high-clear warehouse space, ESFR sprinkler systems, extensive dock-high loading capabilities, trailer parking and efficient site circulation. Designed by Grey Wolf Architecture and built by Golden Triangle Construction, 25 Commerce Park is located at 15003-15107 Grant St. at the intersection of Interstate 25 and E-470.

October 26, 2026

California Development Multifamily Western

MidPen Housing Completes 176-Unit Ira D. Hall Square Apartments in Silicon Valley

by Amy Works October 26, 2026

SUNNYVALE, CALIF. — MidPen Housing has completed and opened Ira D. Hall Square in Sunnyvale. The 176-unit property comprises studios, one-, two- and three-bedroom units that are reserved for residents earning up to 30 to 70 percent of the area median income, which is approximately $43,170 to $100,730 for a one-person household. Ira D. Hall Square is adjacent to the Lawrence Caltrain Station and is the first development built under the city’s Lawrence Station Area Plan, which calls for a mixed-use district around the transit hub. MidPen Property Management manages the community, and MidPen Resident Services provides residents with free, onsite services such as adult education, ESL courses, after school and summer programs and case management for supportive housing residents. Amenities include a community room, outdoor play areas, on-site laundry, garden space and an after-school learning center.

October 26, 2026

Acquisitions Arizona Multifamily Western

Founders Group Sells 202-Unit Multifamily Community in Tucson

by Amy Works October 23, 2026

TUCSON, ARIZ. — The Founders Group has completed the disposition of The Place at 2120, an apartment property in Tucson. AndMark acquired the property for $18 million, or $89,356 per unit. Hamid Panahi and Clint Wadlund of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1986 on more than 7 acres, The Place at 2120 features 202 one-, two- and three-bedroom floor plans, with select units offering vaulted ceilings and linen closets. Community amenities include a swimming pool and spa, a fitness center, dog park, laundry facilities and playground. Previous ownership upgraded approximately 90 percent of the unit interiors.

October 23, 2026

Acquisitions Colorado Multifamily Western

RedPeak Acquires 101-Unit Manchester Apartments in Denver

by Amy Works October 23, 2026

DENVER — Denver-based RedPeak has purchased The Manchester, a multifamily community located at 2030 E. 11th Ave. in Denver’s Cheesman Park neighborhood. This is the first time the property has sold since it was developed in 1973. Terms of the transaction were not released. Craig Stack, Bill Morkes and Nate Moyer of Colliers facilitated the transaction. Originally designed by late architect Roland Wilson, The Manchester features 101 one- and two-bedroom apartments. Each unit offers an expansive balcony, city/mountain views, individual heating and cooling, while each of the six penthouses provide in-unit washers/dryers. Community amenities include laundry rooms on each floor of the building, an indoor pool (a hallmark of Roland Wilson designs), a sun deck, fitness area, lounge and pool tables, as well as racquetball and basketball courts. The Manchester is the sixth Roland Wilson-designed community to be owned and operated by RedPeak.

October 23, 2026

Acquisitions California Industrial Western

Gildred Cos. Buys La Mirada Business Park in Vista, California for $16.1M

by Amy Works October 23, 2026

VISTA, CALIF. — Gildred Cos. has purchased La Mirada Business Park, a multi-tenant industrial property in Vista, from Catesgarb Holdings for $16.1 million. Williams Roth Group of Lee & Associates represented the buyer, while the team, alongside Jeffrey Bethel of Lee & Associates, represented the seller in the off-market acquisition. Located at 975 and 985 Poinsettia Ave. and 2835 La Mirada Drive, La Mirada Business Park features 76,391 square feet across 4.4 acres. The fully occupied park is divided into six suites ranging from 6,766 to 22,054 square feet, with grade-level loading throughout.

October 23, 2026

Acquisitions Colorado Healthcare Mixed-Use Office Restaurant Retail Western

CentrePoint Properties Divests of 52,743 SF Mixed-Use Property in Wheat Ridge, Colorado

by Amy Works October 23, 2026

WHEAT RIDGE, COLO. — CentrePoint Properties has completed the sale of Wilmore Center, a mixed-use property in Wheat Ridge, to HCA HealthONE for $14.5 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Situated on 5 acres at 7615 W. 38th Ave., Wilmore Center comprises two single-story multi-tenant buildings offering a total of 52,743 square feet of mixed-use space and 236 parking spaces. At the time of sale, the asset was 84 percent occupied by 15 tenants. The tenant mix includes retail, food and medical, with 68 percent of the leased area occupied by medical-related tenants.

October 23, 2026

Acquisitions Company News Midwest New York Northeast Retail Southeast Texas Top Stories Western

PSP Investments, Nuveen Launch $790M Grocery-Anchored Retail Joint Venture

by Abby Cox October 23, 2026

MONTREAL AND NEW YORK CITY — The Public Sector Pension Investment Board (PSP Investments), a pension fund investor based in Montreal, and Nuveen Real Estate, one of the largest investment managers in the world, have launched a joint venture with an initial investment of $790 million to acquire open-air shopping centers across the United States. To date, PSP and Nuveen have closed on 3 million square feet across 19 assets in Arizona, California, Colorado, Florida, Minnesota, Texas, Virginia and Washington. The investment strategy is demographically driven, focusing on open-air shopping centers anchored by market or category dominant grocers, necessity-based retailers and essential services that demonstrate “durable performance and resilient foot traffic,” according to the press release. In particular, the joint venture targets U.S. metro areas with strong population growth, rising household incomes and high barriers to entry, where well-capitalized retailers are actively seeking to expand. “Necessity-based retail has demonstrated remarkable resilience through various cycles, underpinned by consistent consumer demand for essential goods and services,” says Brian Wallick, portfolio manager of U.S. cities retail strategy at Nuveen Real Estate. “We’re confident this combination of scale, relationships and local execution positions us strongly in one of the most stable and defensive segments …

October 23, 2026

Acquisitions California Multifamily Western

Partnership Buys Museum Park Apartments in San Jose, California for $53.1M

by Amy Works October 22, 2026

SAN JOSE, CALIF. — A partnership between an affiliate of Oberndorf Real Estate Management (OBREM) and The Bascom Group has acquired Museum Park Apartments, a Class B+ multifamily property located at 465 W. San Carlos in San Jose, for $53.1 million. The name of the seller was not released. Built in 2002 on 3 acres, the three-story garden-style community features 12 buildings offering a total of 117 one-, two- and three-bedroom apartments with in-unit washers/dryers. Additionally, most units feature attached private garages with just over half providing direct access to the homes. Community amenities include 130 parking spaces, including garages, a fitness center, green space, barbecue areas and a dog park. The new ownership group plans to renovate the property by modernizing kitchens, bathrooms and common areas. Apartment Management Consultants will manage the community.

October 22, 2026

Newer Posts

Older Posts