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SimonCRE Buys 38 Acres to Develop 363,000 SF Retail Center in Albuquerque

Amy Works — Thu, 09 Apr 2026 13:29:33 +0000

ALBUQUERQUE, N.M. — SimonCRE has acquired approximately 38 acres of land to develop Lobo Crossing, a 363,000-square-foot, open-air center located on the University of New Mexico’s south campus in Albuquerque. A timeline for the $150 million project was not disclosed. Target will anchor Lobo Crossing, which will feature 11 junior anchors and 45,000 square feet of space for small retail and restaurant operators. Committed tenants include Burlington, Marshalls, HomeGoods, Sierra, Boot Barn, Five Below and Michaels. Seven additional retailers are finalizing leases, according to the company. The center is currently 90 percent preleased. Lobo Crossing is set to be the largest retail center developed in New Mexico in recent decades, according to SimonCRE.

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Mill Creek Residential Breaks Ground on 280-Unit Multifamily Project in Des Moines, Washington

Amy Works — Thu, 09 Apr 2026 13:28:26 +0000

DES MOINES, WASH. — Mill Creek Residential has begun construction of Modera Woodmont Beach, an apartment community in Des Moines, 20 miles south of downtown Seattle. Resident move-ins are estimated to begin in summer 2027. Modera Woodmont Beach will include 280 one-, two- and three-bedroom apartments and 7,500 square feet of retail space. Community amenities will include a resort-style pool, hot tub, an outdoor deck, a grilling and outdoor dining area, a resident clubhouse, coffee bar, dog park, children’s playground and a fitness studio. Additionally, residents will have access to a coworking lounge with private workstations, package storage and gated parking with electric vehicle charging stations. The community will be built to National Green Building Standard (NGBS) certification, which awards points for features such as energy and water efficiency and indoor air quality.

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MBK Senior Living Sells Two Communities in California Totaling 198 Units

Amy Works — Thu, 09 Apr 2026 13:26:43 +0000

MANTECA AND STOCKTON, CALIF. — MBK Senior Living has sold two seniors housing communities in California totaling 198 units. Clarion Partners acquired the communities for an undisclosed price. Located in Manteca and Stockton, the portfolio includes The Commons at Union Ranch and The Commons on Thornton. Built in 2004, The Commons on Thornton features 100 assisted living and memory care units. The property was 94 percent occupied at the time of sale. The Commons at Union Ranch was built in 2008 and comprises 98 assisted living and memory care units. The community was 97 percent occupied at the time of sale. Aaron Rosenzweig and Dan Baker of JLL represented the seller in the transaction.

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Colorado School of Mines Acquires 50,646 SF R&D Facility in Golden

Amy Works — Thu, 09 Apr 2026 13:24:17 +0000

GOLDEN, COLO. — Colorado School of Mines has purchased a R&D and laboratory facility located at 16194 W. 45th Drive in Golden. J&N Real Estate Co. sold the asset for $5.8 million. Colorado School of Mines acquired the 50,646-square-foot property as part of its continued expansion to support research, innovation and academic growth in Jefferson County, Colo. Tanner Digby of Digby Commercial Advisors represented the seller, while Kurt Liss of JLL represented the buyer in the deal.

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Sonnenblick-Eichner Co. Arranges $26M Refinancing for Residence Inn Hotel in Walnut Creek, California

Amy Works — Wed, 08 Apr 2026 13:51:06 +0000

WALNUT CREEK, CALIF. — Sonnenblick-Eichner Co. has arranged a $26 million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek. Funded by a Wall Street investment bank, the nonrecourse fixed-rate, five-year loan features interest-only payments for the full term. Located in Walnut Creek, the six-story extended-stay hotel features 160 guest rooms and 870 square feet of meeting space, an indoor pool, fitness center, outdoor patio, barbecue area and subterranean parking for 144 cars. The property is located less than one-half mile from the Walnut Creek BART station, which provides access to downtown San Francisco and the surrounding Bay Area.

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Partnership Acquires 113,500 SF Industrial Building in North Los Angeles

Amy Works — Wed, 08 Apr 2026 13:49:45 +0000

LOS ANGELES — A partnership between Slater Harding Partners, Foundation Capital Partners and Sierra Ridge Capital has purchased an industrial building, located at 12224 Montague St. in the Pacoima submarket of North Los Angeles, for an undisclosed price. David Harding, Matt Dierckman, Greg Geraci, Billy Walk and Kevin Carroll of Colliers represented the seller, Michael Lichstein, and the buyer in the deal. The 113,500-square-foot property features a clear height of 24 feet, 125-foot truck court, gated yard and 12 dock-high doors. The new ownership plans to implement a renovation program to enhance the building’s appearance and operational functionality.

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CBRE Negotiates Sale of 43,944 SF South Rainbow Business Park in Las Vegas

Amy Works — Wed, 08 Apr 2026 13:48:25 +0000

LAS VEGAS — CBRE has directed the sale of South Rainbow Business Park, an office property located at 5920 and 5940 S. Rainbow Blvd., in Las Vegas. GPS LV Business Park acquired the asset from South Rainbow Park Property Co. LCC for $11.7 million. The 43,944-square-foot office park is fully leased to a mix of professional and medical tenants. Marc Magliarditi and Miranda Jennings of CBRE represented the seller in transaction.

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Gantry Secures $10M Refinancing for Sunchase Apartments in Albuquerque

Amy Works — Wed, 08 Apr 2026 13:47:44 +0000

ALBUQUERQUE, N.M. — Gantry has secured a $10 milion permanent loan to refinance Sunchase, a multifamily property located at 3901 Montgomery Blvd. NE in northeast Albuquerque’s Reindeer neighborhood. Situated on 10.2 acres, the community consists of 15 garden-style residential buildings offering a total of 240 one- and two-bedroom apartments. Community amenities include a swimming pool with spa, clubhouse, business center, playground, covered parking and gated access. Blake Hering and Kristin Lapinskas of Gantry represented the borrower, a private real estate investor group, in the financing. The seven-year, fixed-rate loan was secured from one of Gantry’s correspondent life companies and features full-term interest-only payments. Gantry will service the loan for the lender.

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Bed Bath & Beyond to Acquire Several Home Retail Brands, Including The Container Store

Kristin Harlow — Wed, 08 Apr 2026 12:00:00 +0000

MURRAY, UTAH — Bed Bath & Beyond Inc. (NYSE: BBBY), owner of Bed Bath & Beyond, Overstock, buybuy BABY and Kirkland’s, has signed a letter of intent to acquire the equity interests and substantially all assets of F9 Brands Inc., which owns and operates Cabinets To Go, Lumber Liquidators, Gracious Home/Thos. Baker and Southwind Building Products. The purchase price is nearly $150 million, and the transaction is expected to close after the company’s annual shareholder meeting in May. Murray-based Bed Bath & Beyond says this transaction will represent an additional step in building a national, fully integrated home services platform under “Beyond Home Services,” which will include categories such as storage, closets, cabinets, flooring, installation, renovation and distribution. Kitchen cabinets retailer Cabinets To Go operates more than 100 stores/showrooms nationwide. Lumber Liquidators is a specialty retailer of waterproof and hardwood flooring with more than 200 stores. Southwind Building Products supplies flooring and building materials to a network of 4,400 independent retailers and contractors across the country. Last week, Bed Bath & Beyond announced plans to acquire The Container Store for approximately $150 million in a deal that aims to combine the two retail brands. The Container Store maintains more than…

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Visintainer Group Brokers Sale of Vintner’s Square Shopping Center in Lodi, California, in Two Transactions

Amy Works — Tue, 07 Apr 2026 13:13:31 +0000

LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.

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Stevens-Leinweber Construction Delivers Merit 27 Buckeye Industrial Redevelopment in Phoenix

Amy Works — Tue, 07 Apr 2026 13:10:46 +0000

PHOENIX — On behalf of Merit Partners, Phoenix-based Stevens-Leinweber Construction (SLC) has completed the construction of Merit 27 Buckeye, an industrial infill redevelopment in Phoenix’s 27th Avenue Corridor. The development team transformed a former and vacant Murphy Elementary School District campus into a modern, two-building industrial property totaling 256,813 square feet. The property is situated on 18 acres at the southeast corner of 27th Avenue and Buckeye Road. Merit 27 Buckeye features a 191,227-square-foot Building A at 1515 S. 27th Ave. and a 65,586-square-foot Building B at 2675 W. Buckeye Road. The buildings offers 32- to 36-foot clear heights, 59 total dock-high and eight total drive-in doors, ESFR sprinklers and secure auto and truck parking. Energy-efficient features include LED lighting, R-38 and R-11 insulation, exterior canopies for heat mitigation and clerestory windows to increase natural interior light. Daikin fully occupies Building A, and Mazak, Reliable Garage Doors, Hajoca and Impilo Inc. occupy Building B. The project team included SLC as general contractor, and Butler Design Group served as architect. Jackie Orcutt, John Werstler, Cooper Fratt and Jonathan Teeter of CBRE are handling leasing for Merit 27 Buckeye.

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Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

Amy Works — Tue, 07 Apr 2026 13:07:09 +0000

SPOKANE, WASH. — Clarion Partners has acquired The Grand at Spokane, a luxury seniors housing property located in Spokane. Terms of the transaction were not disclosed. The Grand at Spokane offers 137 independent living, assisted living and memory care units. NexCore Group developed the community in 2024. Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion, which is a specialty investment manager of Franklin Templeton.

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Hanley Investment Group Arranges $4.6M Sale of Single-Tenant Retail Property in Metro Los Angeles

Amy Works — Tue, 07 Apr 2026 13:05:04 +0000

POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.

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Western Realco Buys Fully Entitled Industrial Development Site in Anaheim, California for $40.7M

Amy Works — Mon, 06 Apr 2026 13:52:55 +0000

ANAHEIM, CALIF. — Western Realco has purchased a fully entitled, 12.1-acre industrial site on East Vermont Avenue in Anaheim from Rexford Industrial for $40.7 million. The buyer will immediately begin demolition and construction to develop a 256,046-square-foot Class A industrial building. Completion is slated for late 2027. The new industrial building will feature a clear height of 36 feet, 39 dock-high doors, an ESFR sprinkler system, 4,000 amps of power and a fully enclosed truck court. Zach Niles, Louis Tomaselli and Steve Wagner of JLL represented the seller and buyer in the deal. Additionally, JLL was retained to market the new development for lease.

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BH Properties Purchases 75,000 SF Shops at Mauna Lani on the Big Island of Hawaii

Amy Works — Mon, 06 Apr 2026 13:51:55 +0000

WAIMAE, HAWAII — BH Properties has acquired The Shops at Mauna Lani, an open-air retail center at the entrance of Waikoloa Resort in Waimae. Terms of the transaction were not released. Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations and Woodland Farms are tenants at the 75,000-square-foot property.

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JLL Arranges Refinancing for The Opal Multifamily Community in West Valley City, Utah

Amy Works — Mon, 06 Apr 2026 13:50:55 +0000

WEST VALLEY CITY, UTAH — JLL Capital Markets has secured refinancing for The Opal, an apartment property at 2600 W. 3800 S. in West Valley City. Leon McBroom, Jack Hunsicker and Ellie Savage of JLL arranged the financing for the borrowers, TPG Angelo Gordon and Timberlane Partners. Completed in September 2024, The Opal features 262 studio, one- and two-bedroom apartments. Community amenities include a fitness center overlooking an elevated amenity deck with an outdoor swimming pool and hot tub, pickleball courts and a high-end clubroom. The three- and five-story buildings offer 447 parking spaces across a structured garage and surface lot.

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Kidder Mathews Brokers Sale of 79-Unit John Winthrop Apartments in Seattle

Amy Works — Mon, 06 Apr 2026 13:48:48 +0000

SEATTLE — Kidder Mathews has arranged the sale of John Winthrop Apartments, a multifamily property located at 1020 Seneca St. in Seattle’s First Hill neighborhood. Nordic Partners Investments acquired the asset for an undisclosed price. Built in 1925, John Winthrop Apartments features 79 studio and one-bedroom apartments. Two units have been fully renovated, with the remaining 77 residences offering a value-add opportunity for the buyer. Dylan Smith, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller and procured the buyer in the transaction.

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KBS Sells 210,938 SF Salt Lake Hardware Building in Downtown Salt Lake City

Amy Works — Fri, 03 Apr 2026 13:12:06 +0000

SALT LAKE CITY — KBS has completed the sale of the Salt Lake Hardware Building, a historic office building located at 155 N. 400 West in downtown Salt Lake City, to Dart Interests for an undisclosed price. The five-story Salt Lake Hardware Building was owned by KBS Real Estate Investment Trust III, part of KBS’ portfolio of funds and separate accounts. Originally constructed in 1909 as a hardware retail property, the 210,938-square-foot building was converted into a Class A creative office property. The site also includes 2.4 acres of land zoned for mixed-use, providing future development potential for approximately 340 or more residential units.During its ownership, KBS has invested more than $9 million in capital improvements, enhancing tenant and common areas, amenities and building systems to support long-term performance and positioning. Charley Will, Phil Brierley, Patrick Bodnar and Cole Macadaeg of CBRE represented KBS in the sale. Attorneys Bruce Fischer and Howard Chu of Greenberg Traurig LLP represented KBS in the disposition.

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Gantry Secures $18M in Financing for Gateway Quads Industrial Property in Mesa, Arizona

Amy Works — Fri, 03 Apr 2026 13:10:40 +0000

MESA, ARIZ. — Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads, an industrial park in Mesa. Located at 8150 E. Germann Road, the four-building, multi-tenant asset features 122,720 leasable square feet. The 30,680-square-foot buildings are each divisible to 7,600 square feet with 24-foot clear heights, truck well and grade-level loading, 1,200 amps of 480V and secured by 180-foot truck courts. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. The 10-year, nonrecourse, fixed-rate loan was provided by one of Gantry’s correspondent insurance company lenders. The loan features partial-term interest-only payments transitioning to 30-year amortization. Gantry will service the loan for its correspondent.

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SRS Real Estate Partners Brokers $13.5M Sale of Two-Tenant Retail Property in Palmdale, California

Amy Works — Fri, 03 Apr 2026 13:09:02 +0000

PALMDALE, CALIF. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 39112-39228 10th St. West in Palmdale. A family office sold the asset to a Southern California-based private investor for $13.5 million. Smart & Final and Barnes & Noble occupy the 58,652-square-foot property. Built in 1999 on 4.1 acres, the property is situated within Palmdale Marketplace, a 214,000-square-foot power center. Matthew Mousavi and Patrick Luther of SRS Capital Markets represented the seller in the transaction.

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