Western Archives - REBusinessOnline

JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three States

Amy Works — Fri, 18 Sep 2026 13:19:19 +0000

CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.

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Thompson Thrift Opens 276-Unit Apartment Property in Colorado Springs

Amy Works — Fri, 18 Sep 2026 13:16:26 +0000

COLORADO SPRINGS, COLO. — Thompson Thrift has opened Switch, a multifamily community in Colorado Springs. Thompson Thrift 2023 Multifamily Development L.P. provided equity for the development. Situated on 11 acres at the intersection of Voyager Parkway and North Gate Boulevard, Switch features 276 one-, two- and three-bedroom units with stainless steel appliances, glass-top ranges, hardwood-style flooring, walk-in showers, multiple smart home capabilities and full-sized washers/dryers. Additionally, select units offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options. Community amenities include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa and a coffee bar. The property also includes a resident conference room with video conference technology, an outdoor entertainment kitchen and community-wide Wi-Fi. The property is located within the Polaris Pointe development, a 60-business, 200-acre retail complex that features Ford Amphitheater, Sprouts Farmers Market, Bass Pro Shops, Chick-fil-A, Topgolf, iFly, AirCity 260 and Overdrive Raceway.

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C.W. Driver Cos. Breaks Ground on $74M Middle School, Gym Facility in Malibu

Amy Works — Fri, 18 Sep 2026 13:15:18 +0000

MALIBU, CALIF. — C.W. Driver Cos., as general contractor, has broken ground on Phase II of the Malibu Middle and High School campus for the Santa Monica-Malibu Unified School District. The $74 million phase includes middle school core and gymnasium facilities. Phase II will include two distinct buildings, totaling 40,000 square feet. The middle school core building will feature special education and counseling spaces, a wellness center, media lab, food-service areas and shaded outdoor spaces. The gymnasium facility will feature a fitness studio and multi-sport court supporting games, including basketball, volleyball, soccer and badminton. The second phase is slated for completion in late 2028. Project partners include LPA Architecture, Massetti Consulting and Element Consulting.

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Whittier Comstock Acquires 135,308 SF Fairway Center II Office Property in Brea, California

Amy Works — Fri, 18 Sep 2026 13:13:22 +0000

BREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the transaction. Shaun Moothart and Andrew Post of CBRE secured financing for the buyer. Located at 675 Placentia Ave., Fairway Center II offers 135,308 square feet of office space that was 70.5 percent leased at the time of sale. The County of Orange, Calif., occupies more than 61,000 square feet of the three-story building under a long-term lease. Situated on 7.8 acres, the asset also features 617 parking spaces in an onsite parking structure.

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Subtext Completes 769-Bed Student Housing Development Near Arizona State University

Amy Works — Thu, 17 Sep 2026 13:14:09 +0000

TEMPE, ARIZ. — Subtext has completed VERVE Tempe, a 769-bed student housing development located at 1047 S. Terrace Road near the Arizona State University campus in Tempe. Subtext completed the 15-story community in partnership with FrontRange Capital Partners and TPG Real Estate Partners. Kennedy Wilson provided financing. The development team included ESG Architecture & Design and Brinkmann Constructors. VERVE Tempe spans 479,388 square feet and offers 240 units in studio through four-bedroom configurations. Shared amenities include a rooftop pool and clubroom with a game lounge, photo booth and entertaining kitchen; hot tub and cold plunge; outdoor fire pits, a game lawn and grilling stations; two-story fitness center with smart workout equipment, indoor and outdoor fitness spaces, a dedicated yoga room and wellness suite with a meditation room and sauna; golf simulator; study lounge with private and group study spaces; a pet spa and dog run; lobby coffee bar; and 1,800 square feet of ground-floor retail space.

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Northmarq Secures $29.3M Refinancing for Dining, Entertainment Center in Los Angeles

Amy Works — Thu, 17 Sep 2026 13:12:06 +0000

LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.

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BWEIS Arranges Sale of 137-Unit Seniors Housing Community in Lakewood, Colorado

Amy Works — Thu, 17 Sep 2026 13:10:34 +0000

LAKEWOOD, COLO. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living. The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor gathering spaces.

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JLL Income Property Trust Buys 42,000 SF Roseville Outpatient Center Near Sacramento

Amy Works — Thu, 17 Sep 2026 13:02:52 +0000

ROSEVILLE, CALIF. — JLL Income Property Trust has purchased Roseville Outpatient Center, a Class A medical outpatient building in Roseville, for $19 million. The name of the seller was not released. Situated in a suburban submarket of Sacramento, Roseville Outpatient Center features 42,000 square feet of space that is 95 percent leased by a mix of tenants, anchored by a leading healthcare tenant, with an approximately 12-year weighted average lease term. The property was fully redeveloped in 2024 with build-outs and improvements to equip the building for specialized medical uses.

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Wonderful Co. Sells 1.1 MSF Industrial Property in Shafter, California

Amy Works — Wed, 16 Sep 2026 13:22:07 +0000

SHAFTER, CALIF. — The Wonderful Co., through its Wonderful Real Estate business, has completed the disposition of 5104 Express Avenue in Shafter to a global technology and e-commerce company for an undisclosed price. Phil Lombardo, Andrew Starnes and Cruise Adams of Cushman & Wakefield represented the seller, while Colin MacMillan of KBC Advisors represented the buyer in the transaction. Situated within Wonderful Logistics Center, the facility features 1.1 million square feet of Class A industrial space and marks the buyer’s third location at the 2,000-acre, master-planned logistics and distribution campus. Developed on a speculative basis, the asset feature a clear height of 40 feet, 216 dock-high doors, two grade-level doors, 455 automobile parking spaces and 939 trailer stalls.

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Strauss Investments Buys 157,000 SF Commons at Valencia Office Campus in California

Amy Works — Wed, 16 Sep 2026 13:19:54 +0000

VALENCIA, CALIF. — Strauss Investments has acquired Commons at Valencia, a two-building office campus in Valencia, from Harbor Associates for $32 million, or approximately $204 per square foot. Sean Sullivan of CBRE led the brokerage team, and Andy Bratt of Gantry arranged financing for the acquisition. Situated on 9 acres at 25124 and 25152 Springfield Court, Commons at Valencia features 157,000 square feet of Class A office space. Wells Fargo, New York Life Insurance Co., Edward Jones, Lennar, Amines, HASA and FivePoint are tenants at the campus, which was built in 2005.

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Oxford Properties, Sagard Real Estate Divest of 113,110 SF Industrial Facility in Chandler, Arizona

Amy Works — Wed, 16 Sep 2026 13:18:36 +0000

CHANDLER, ARIZ. — Oxford Properties, in partnership with Sagard Real Estate, has completed the disposition of 800 East Germann Road in Chandler to Cohen Asset Management for an undisclosed price. Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the buyer and seller in the deal. Brian Share and Ernesto Sanchez of Cushman & Wakefield led the debt placement, securing a loan through an insurance company lender. Delivered in 2021, the 113,110-square-foot facility features 1.5 acres of secured excess yard space, a fully gated truck court and efficient circulation. Ferguson Enterprises fully leases the property, which is located within Chandler Airpark.

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Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, Washington

Amy Works — Wed, 16 Sep 2026 13:16:36 +0000

NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq’s Pacific Northwest retail investment sales team represented the undisclosed seller and undisclosed buyer in the deal. Located at 248-250 Bendigo Blvd. South and 249 Main Ave. South, the 28,418-square-foot center is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. Additionally, the center features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a commercial national retailer to backfill the Bartell Drugs’ property, with an opening slated for 2027.

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Harrison Street, Michaels Partner with University of San Diego on $230M Student Housing Development

Kristin Harlow — Wed, 16 Sep 2026 12:00:00 +0000

SAN DIEGO — Harrison Street Asset Management and The Michaels Organization have announced a public-private partnership (PPP) agreement with the University of San Diego (USD) for the development of Presidio Terrace Apartments, a $230 million student housing project. Plans call for 700 beds across 321 units. The investment marks the university’s first-ever PPP agreement. “Presidio Terrace is a strong example of how PPPs can help universities address critical infrastructure needs, creating a win-win situation for academic institutions, investors and college communities,” says Jim Hennessy, head of PPP business development at Harrison Street. “Today, we are seeing more PPP activity than ever before, as more universities recognize that these structures allow them to focus on their core academic mission while conserving capital and transferring operational responsibilities to a private partner.” Located on campus between USD’s academic center and a nearby retail corridor, Presidio Terrace will be purpose-built for upperclassmen, graduate and professional students. Slated for completion in August 2029, the development will provide convenient access to USD’s business, nursing, engineering and law schools. The project is structured through a 99-year ground lease with USD and will benefit from a full real estate tax exemption as a university-affiliated facility. Michaels will lead…

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Stockdale Capital Partners, Hamilton Lane Acquire Shoppes at Chino Hills in California for $157M

Amy Works — Tue, 15 Sep 2026 13:31:57 +0000

CHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million. The buyer plans to rename the property The Shops at Chino Hills. Stockdale led the acquisition, with Hamilton Lane as a co-investor. Originally developed in 2008, The Shops at Chino Hills features 378,140 square feet of retail, restaurants and experiential space situated on more than 25 acres at 13920 City Center Drive. Trader Joe’s and Barnes & Noble anchor the center, which serves a customer base of more than 300,000 residents within a five-mile radius. Stockdale plans to invest in the community and property with a rebranding, remerchandising and repositioning strategy to be shared at a later time. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup of CBRE marketed the asset.

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Bender Equities Sells Two Multifamily Communities in Oregon to Verdant Development for $83M

Amy Works — Tue, 15 Sep 2026 13:30:13 +0000

CORVALLIS AND TALENT, ORE. — Bender Equities has completed the disposition of two apartment assets in Corvallis and Talent to Verdant Development for $83 million. Totaling 438 units, the communities are Oak Vale in Corvallis and Anjou Club in Talent. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of Institutional Property Advisors (IPA), a division of Marcus & Millichap, in association with David Tabata as Marcus & Millichap’s broker of record in Oregon, represented the seller and procured the buyer in the deal. Built in 1973 and 1995, Oak Vale offers 257 one-, two- and three-bedroom apartments, averaging 767 square feet, spread across 31 buildings. Community amenities include a lounge, game room, fitness center, movie theater and an outdoor sport court. Oak Vale is situated on 16 acres a short drive from Oregon State University. Built on 1990 on nearly 14 acres near Southern Oregon University, Anjou Club features 181 one-, two- and three-bedroom floor plans across three layout types — flats, townhomes and garden flats, averaging 950 square feet. Onsite amenities include a large clubhouse, heated outdoor swimming pool, tennis court, basketball court, play structure and outdoor seating areas.

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Davis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, Washington

Amy Works — Tue, 15 Sep 2026 13:28:55 +0000

DUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower. Center Plaza features a mix of industrial/flex facilities in a campus environment with a tenant roster of a diverse range of industries.

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Coldwell Banker Commercial Arranges Sale of 24,014 SF Retail Building in Palm Springs

Amy Works — Tue, 15 Sep 2026 13:27:46 +0000

PALM SPRINGS, CALIF. — Coldwell Banker Commercial Lyle & Associates has facilitated the sale of Liebling Building, a retail property located at 100 N. Palm Canyon Drive in Palm Springs. The asset traded for $14 million. Steve Lyle and Rob Wenthold of Coldwell Banker Commercial Lyle & Associates represented the undisclosed buyer and the undisclosed seller in the deal. Located at the northeast corner of North Palm Canyon Drive and Tahquitz Canyon Way, Liebling Building features 24,014 square feet of multi-tenant retail space. Surrounding retailers include Faherty, Tommy Bahama, West Elm, The Plaza Theatre, The Rowan and Hyatt Palm Springs.

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BridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San Francisco

Amy Works — Mon, 14 Sep 2026 14:15:51 +0000

SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.

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Taylor Morrison Sells 424-Unit West End District Multifamily Property in Beaverton, Oregon

Amy Works — Mon, 14 Sep 2026 14:14:29 +0000

BEAVERTON, ORE. — Taylor Morrison has completed the sale of West End District, an apartment community in Beaverton, to Grand Peaks, in partnership with PCCP, for $85.2 million. Joe Nydahl and Josh McDonald of CBRE represented the seller in the deal. Freddie Mac provided acquisition financing for the buyer. Situated on 13.5 acres at 14700 S.W. Rocket St., West End District features 424 studio, one- and two-bedroom units across 12 four-story residential buildings and 34,262 square feet of ground-floor retail space. The asset was completed in 2021 and 2022.

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Sagard Real Estate Acquires 133,750 SF Industrial Property Near Seattle

Amy Works — Mon, 14 Sep 2026 14:12:43 +0000

TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.

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