Western

Cabot Properties Sells 112,500 SF Manufacturing Facility in Centennial, Colorado

by Amy Works February 23, 2026

CENTENNIAL, COLO. — Cabot Properties has completed the disposition of a single-tenant manufacturing facility at 6284 S. Nome Court in Centennial. The Koll Co. acquired the asset for $21.5 million. Situated on 7.4 acres, the 112,500-square-foot property features specialized infrastructure designed for precise manufacturing operations. Built in 1996, the concrete tilt-up building offers front-loading dock access with seven docks, a clear height of 22 feet and a 6,000-amp electrical capacity. Additionally, the asset offers a 125-foot truck court with concrete apron, 104 auto parking spaces, wet fire protection systems and a mix of T5 and T12 lighting throughout the warehouse space. Plastic Design & Manufacturing Co., operating as Plastic Molding Technology, has occupied the facility since 1997. The company specializes in custom plastic molding solutions, including thermoforming and precision injection molding. Peter Merrion and Rob Key of JLL Capital Markets represented the seller in the transaction.

February 23, 2026

Acquisitions Arizona Office Western

LevRose CRE Negotiates $9.7M Sale of Ventura Gateway Office Building in Scottsdale, Arizona

by Amy Works February 23, 2026

SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate has directed the sale of Ventura Gateway, a multi-tenant office building in Scottsdale. The property traded for $9.7 million, or $185 per square foot. Situated on 3.3 acres at 8687 E. Via de Ventura, the property offers 52,583 square feet of office space. Jason Reddington and Keri Davies of LevRose represented the undisclosed buyer and undisclosed seller in the deal.

February 23, 2026

Acquisitions Arizona Office Western

Legacy Property Management Divests of 50,000 SF Office Space in Tucson for $8.5M

by Amy Works February 23, 2026

TUCSON, ARIZ. — Legacy Property Management has completed the sale of a 50,000-square-foot office space at 155 N. Rosemont Blvd. in Tucson. The Special Fund of the Industrial Commission of Arizona acquired the space for $8.5 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Christopher Corney of Jones Lang LaSalle Americas represented the buyer in the deal.

February 23, 2026

Acquisitions California Retail Western

Enduring Real Estate Brokers $5M Sale of Vacant Gas Station, Convenience Store in Escondido, California

by Amy Works February 23, 2026

ESCONDIDO, CALIF. — Enduring Real Estate has brokered the sale of a vacant gas station located at 2004 E. Valley Parkway in Escondido. As attorney-in-fact, Dan Forde of Hoffman and Forde sold the asset to ASA Danial LLC for $5 million. Kevan McDougal and Joe Wojdowski of Enduring Real Estate represented the seller in the deal. The 23,087-square-foot parcel features a convenience store, auto repair facility, 16 gas dispensers and four 10,000-gallon double-wall tanks. Due to health issues of the previous ownership, the station was not operational for several years. The buyers plan to reopen the gas station after a six-month renovation.

February 23, 2026

Acquisitions Arizona Build-to-Rent Single-Family Rental Western

Bela Flor, TruVista Sell Avalon Townhomes in Avondale, Arizona for $30.1M

by Amy Works February 20, 2026

AVONDALE, ARIZ. — Arizona-based Bela Flor and TruVista Development have completed the sale of Avalon Townhomes, a build-to-rent community in Avondale. An undisclosed buyer acquired the asset for $30.1 million, or $430,000 per unit. Completed in 2025, Avalon Townhomes features 70 two- and three-bedroom townhomes averaging 1,677 square feet in size. The townhomes offer quartz counters, kitchen islands, luxury plank flooring, stainless steel appliances, walk-in closets, dual vanities, doggy doors, full smart-home connectivity, as well as direct-access one- and two-car garages with EV charging, dedicated driveways, private enclosed backyards. Community amenities include a resort-style pool and spa, pet park, an outdoor fitness circuit, a barbecue ramada and abundant guest parking. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia’s Phoenix office represented the seller in the deal.

February 20, 2026

Acquisitions Multifamily Washington Western

Northmarq Negotiates $19.5M Sale of Merritt Manor Apartments in Olympia, Washington

by Amy Works February 20, 2026

OLYMPIA, WASH. — Northmarq has arranged the sale of Merritt Manor, a mid-rise apartment community in Olympia. Fourth Street’s Merritt Manor LLC sold the asset to Merritt Manor LLC for $19.5 million. Joe Kinkopf, Steve Fischer and Tyler Smith of Northmarq’s Seattle Investment Sales team represented the seller in the transaction. Located at 3335 Martin Way E, Merritt Manor features 82 two- and three-bedroom apartments with stainless steel appliances, granite countertops, moving kitchen islands, full-size washer/dryers, carpets bedrooms and walk-in closets. Community amenities include a community garden, grilling area, playground, basketball court, community lounge, EV charging station, ample off-street parking, elevator access and video patrol. The property was built in 2020.

February 20, 2026

California Loans Retail Western

PSRS Arranges $9.4M Refinancing for Retail Center in Rancho Cucamonga, California

by Amy Works February 20, 2026

RANCHO CUCAMONGA, CALIF. — PSRS has arranged $9.4 million for the refinancing of a neighborhood retail center in Rancho Cucamonga. Constructed in 2004, the 25,008-square-foot property is fully occupied by 14 tenants. Jonny Soleimani, George Gianoukakis and Garrett Carter of PSRS secured the non-recourse loan, which features a five-year term and a 27-year amortization schedule, through one of its correspondent life insurance companies.

February 20, 2026

Acquisitions Colorado Retail Western

Pinnacle Brokers $3.5M Sale of Two Retail Properties in Littleton, Colorado

by Amy Works February 20, 2026

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along with Eric Shaw of Pinnacle Real Estate Advisors, represented the undisclosed sellers in the deal. The name of the buyer was not released.

February 20, 2026

Acquisitions California Industrial Tennessee Texas Top Stories Utah

Cushman & Wakefield Arranges Sale of 1.6 MSF National Industrial Portfolio

by Abby Cox February 20, 2026

DALLAS — Cushman & Wakefield has arranged the sale of a national portfolio of seven industrial buildings totaling 1.6 million square feet. The buildings are located across Texas, California, Utah and Tennessee. An unnamed institutional owner purchased the portfolio. The seller and sales price were not also not disclosed. Properties in the recently acquired industrial portfolio include Valwood A (201,354 square feet), Valwood C (134,266 square feet) and Valwood D (127,620 square feet) in Carrollton, Texas (part of the Dallas MSA); Chino Distribution Center (409,930 square feet) in Chino, Calif.; Salt Lake Distribution Center I (190,000 square feet) and Salt Lake Distribution Center II (190,000 square feet) in Salt Lake City; and Elam Farms Distribution Center II (363,500 square feet) in Murfreesboro, Tenn. The buildings were constructed in the mid-2000s and were collectively 97 percent leased at the time of sale to a mix of national and regional tenants. The properties feature ESFR fire sprinkler systems, average clear heights of 30 feet, expansive truck courts, concrete tilt-up construction and ample parking. The national industrial advisory group at Cushman & Wakefield that arranged the sale consisted of Jim Carpenter, Adam Pastor, Robby Rieke, Emily Brandt, Jeff Chiate and Casey Masters. “This transaction …

February 20, 2026

Acquisitions Affordable Housing California Multifamily Western

Step Up Housing Acquires Hancock Terrace Apartments in Santa Maria, California for $75M

by Amy Works February 19, 2026

SANTA MARIA, CALIF. — Step Up Housing has acquired Hancock Terrace, a multifamily property located at 534 E. Boone St. in Santa Maria. Sack Capital Partners and Align Finance Partners closed on structured financing for the $75 million purchase. Sack will also provide asset and property management for the community. In an effort to expand housing options in the area, Step Up and Sack will immediately begin conversion of 75 percent of the units to affordable housing. Built in 2016, Hancock Terrace features 272 studio, one-, two- and three-bedroom floor plans, a swimming pool, 24-hour fitness center, two spas, a yoga studio, large clubhouse with TV lounge and demonstration kitchen, a dog park, children’s play area, ample onsite parking and elevator service. Institutional Property Advisors represented the undisclosed seller in the deal.

February 19, 2026

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