Western

Serac Capital, WalshDupart Complete 180-Unit Dual-Branded Marriott Hotels in Steamboat Springs, Colorado

by Amy Works July 6, 2026

STEAMBOAT SPRINGS, COLO. — Serac Capital Partners, in partnership with hospitality development firm WalshDupart, has completed construction of a 180-unit, dual-branded hotel at at 1750 Central Park Drive in Steamboat Springs. The hotels carry the SpringHill Suites by Marriott and TownePlace Suites by Marriott flags. SpringHill Suites offers suites and complimentary breakfast, while TownePlace Suites offers apartment-style accommodations, in-suite kitchens and flexible living spaces. The two hotels are connected via The Crawford Lounge, which features a fireplace, billiards and a curated selection of local bites and craft cocktails. St. Louis-based Midas Hospitality will manage the properties.

July 6, 2026

California Loans Multifamily Western

KIRE Group Receives $13.3M Loan for Refinancing of Multifamily Property Near San Diego

by Amy Works July 6, 2026

NATIONAL CITY, CALIF. — KIRE Group has received $13.3 million in refinancing for Talas Apartments, a multifamily property located at 2114 E. 7th St. in National City, approximately five miles southeast of San Diego. Built in 2025, Talas Apartments features 48 studio, one- and two-bedroom units with “modern” finishes, in-unit washers and dryers and private balconies and patios. Aaron Beck and Bryce Quezada of Northmarq’s San Diego Debt + Equity team originated the financing for the borrower through Fannie Mae’s Delegatd Underwriting Services (DUS) platform. The fixed-rate loan is structured with a five-year term with full-term interest-only payments.

July 6, 2026

California Loans Retail Western

PSRS Arranges $6.5M Loan for Refinancing of Shopping Center in Dana Point, California

by Amy Works July 6, 2026

DANA POINT, CALIF. — Local financial intermediary PSRS has arranged a $6.5 million loan for the cash-out refinancing of a 31,801-square-foot shopping center in Dana Point, located in Orange County. Secured through a bank relationship, the nonrecourse loan features a sub-30 percent loan-to-value ratio and a three-year, full-term interest-only structure. Michael Presser of PSRS handled the debt placement on behalf of the undisclosed borrower.

July 6, 2026

Colorado Development Retail Western

Target to Open 128,000 SF Store at Firestone City Centre in Colorado

by Amy Works July 6, 2026

FIRESTONE, COLO. — Target will open a 128,000-square-foot store at Firestone City Centre, located north of Denver, later this month. Firestone City Centre features more than 600,000 square feet of retail and restaurant space that is home to a mix of national retailers and restaurants. Additionally, the project includes Firestone Junction, a 300-unit multifamily community. The Staenberg Group, a full-spectrum real estate development and investment firm, owns the property.

July 6, 2026

Acquisitions Development Multifamily Oregon Student Housing Western

Landmark Properties, CrossHarbor Capital Break Ground on 272-Unit Student Housing Property in Eugene, Oregon

by Amy Works July 2, 2026

EUGENE, ORE. — Landmark Properties and CrossHarbor Capital have broken ground on The Mark Eugene, a 272-unit student housing property located on a 2.6-acre site in Eugene. The project team for the five-story housing community includes ESG Architecture & Design, Landmark Construction and KPFF Consulting Engineers. Located at 1290 Alder St., less than one mile from the University of Oregon, The Mark Eugene will feature 1,002 beds across 272 units in a mix of studios, one-, two-, three-, four- and five-bedroom layouts. Apartments will be fully furnished, wired for high-speed internet and cable and feature in-unit laundry. Units will also include stainless steel appliances and finishes, hardwood-style laminate floors, quartz countertops, wood trim, large cabinets and bed-bath parity. The Mark Eugene will feature 37,000 square feet of amenity space, including a resort-style pool and spa with cabanas, clubhouse, outdoor grilling, fire pit and seating areas, dog park and multiple outdoor courtyards. Interior amenities will include a fitness center, sports simulator, wellness suite with sauna and cold plunge, study lounge with café, gaming lounge and bike storage. Additionally, the property will feature 5,785 square feet of ground-floor retail space within a parking deck located at 13th and Hilyard, which was included as …

July 2, 2026

Arizona Development Retail Western

Diversified Partners Advances 163-Acre Retail Center Development in Mesa, Arizona

by Amy Works July 2, 2026

MESA, ARIZ. — Diversified Partners is advancing the development of Destination at Gateway, a 163-acre retail center located at Signal Butte Road in Mesa. The project will include two components: 24 Auto Row, an 80-acre, purpose-built auto mall, and an adjacent power center. Off-site improvements on the east side of Signal Butte Road have been completed, while site work on the west side is underway and is scheduled to be completed by the third quarter of 2026. Current and planned tenants for the project’s power center include Walmart, 7 Brew, Take 5 Oil Change, Taco Bell, Zara Nail Bar and PAC Dental. Additional leasing opportunities remain available for drive-thru pads, shop space and a future junior anchor retailer.

July 2, 2026

California Loans Retail Western

Gantry Arranges $15.4M in Financing for Two Retail Properties in Monterey Bay Region

by Amy Works July 2, 2026

SALINAS AND CAPITOLA, CALIF. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan for the lender. The second property, Brown Ranch Marketplace in Capitola, features 85,000 square feet of retail space that is anchored by Trader Joe’s. The property received a 10-year, fixed-rate loan from a regional bank. The loan features a 25-year amortization with prepayment flexibility.

July 2, 2026

Acquisitions Arizona Retail Western

Phoenix Commercial Advisors Directs $10.7M Sale of Retail Center in Surprise, Arizona

by Amy Works July 2, 2026

SURPRISE, ARIZ. — Phoenix Commercial Advisors has directed the $10.7 million sale of Grand Village Center, a necessity-based retail center in Surprise. The asset traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 2005, the 52,685-square-foot Grand Village Center was 97 percent leased at the time of sale to an internet-resistant mix of tenants with Elevate Trampoline Park as the anchor.

July 2, 2026

Acquisitions California Mixed-Use Restaurant Retail Western

Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

by Amy Works July 1, 2026

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

July 1, 2026

Acquisitions California Industrial Western

Lee & Associates Brokers $9.1M Sale of Three-Building Industrial Portfolio in Vista, California

by Amy Works July 1, 2026

VISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor. The 33,573-square-foot portfolio features a combination of stable single-tenant occupancy, modern offices, heavy power, secured loading and yard areas, grade-level loading doors and “highly functional” warehouse configurations designed to accommodate a broad range of manufacturing users. Rusty Williams, Chris Roth and Jack Rubendall of Lee & Associates – Williams Roth Group represented the buyer and undisclosed seller in the off-market transaction.

July 1, 2026

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