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Vantage Communities Sells 288-Unit Multifamily Community in Loveland, Colorado

Amy Works — Fri, 28 Aug 2026 14:17:24 +0000

LOVELAND, COLO. — Vantage Communities has sold Vantage at Loveland, an apartment community located just south of Fort Collins. The buyer was JB Matteson, and the sales price was undisclosed. Greg Parker and Jason Hornick of Marcus & Millichap represented the seller and procured the buyer in the deal. Completed in 2024, Vantage at Loveland features 288 apartments, a resort-style pool, clubhouse, fitness center and an outdoor recreation areas. Apartments offer washers and dryers, walk-in closets, kitchen islands and yards.

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CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California

Amy Works — Fri, 28 Aug 2026 14:16:13 +0000

BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.

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IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington

Amy Works — Fri, 28 Aug 2026 14:15:31 +0000

ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen, also with IPA, arranged acquisition financing for the buyer. Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, as well as an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.

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Rockpoint, Holland Partner Group to Develop 311-Unit Multifamily Project in San Jose, California

Amy Works — Fri, 28 Aug 2026 14:13:15 +0000

SAN JOSE, CALIF. — Boston-based Rockpoint and Hollard Partner Group have entered into a joint venture to develop Stevens Creek, a multifamily property that will be located at 2896 Stevens Creek Blvd. in West San Jose. Financial terms of the transaction were not disclosed. Scheduled for completion in 2029, Stevens Creek will feature 311 apartments and 6,000 square feet of ground-floor retail space. Units will offer stainless steel appliances, solid-surface countertops, in-unit washers and dryers and luxury vinyl tile flooring. Community amenities will include a resort-style pool, landscaped courtyard, resident lounge, fitness center and a coworking lounge.

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CBRE Arranges $21M Sale of Tournament Patio Apartments in Torrance, California

Amy Works — Thu, 27 Aug 2026 14:00:47 +0000

TORRANCE, CALIF. — CBRE has arranged the $21 million sale of Tournament Patio Apartments in the Southern California city of Torrance. JS Bower Foundation sold the property to Good Capital Group. Situated on 1.7 acres at 4111 W. 239th St., Tournament Patio Apartments features 60 apartments with an average units size of 1,023 square feet. The two-story, garden-style property was built in 1963. Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy of CBRE represented the seller in the deal.

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Venture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2M

Amy Works — Thu, 27 Aug 2026 13:58:49 +0000

ORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction. Kate Zimmerman, also with Cushman & Wakefield | PICOR, supported the transaction. Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.

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Packaging Manufacturer, Recycler Signs 141,540 SF Industrial Lease in North Las Vegas

Amy Works — Thu, 27 Aug 2026 13:57:21 +0000

NORTH LAS VEGAS, NEV. — ALPLA, a global plastics manufacturer and recycler, has signed a 141,540-square-foot industrial lease at Building A within Craig Road Logistics Center in North Las Vegas. The Class A industrial facility is located at 4340 N. Nellis Blvd., a former Walmart Supercenter, and will support ALPLA’s continued growth in the Las Vegas market. Building A features 32-foot clear heights, ESFR sprinkler systems, LED warehouse lighting, 52-foot by 60-foot column spacing, 18 dock-high doors, two grade-level doors, 151 auto parking spaces and 2,535 square feet of office space with separate office and shop restrooms. Jason Simon and Rob Lujan of JLL’s Las Vegas office represented the landlord, Rockefeller Group, in the lease negotiations, while Daniel Wilkins, Lou Hall and Donna Alderson of Cushman & Wakefield represented ALPLA. Lee & Sakahara Architects designed the project. TWC Construction served as general contractor, and Taney Engineering served as civil engineer.

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Progressive Real Estate Brokers $6.5M Sale of Multi-Tenant Retail Building in Temecula, California

Amy Works — Thu, 27 Aug 2026 13:54:13 +0000

TEMECULA, CALIF. — Progressive Real Estate Partners has brokered the $6.5 million sale of a multi-tenant retail building located within Vail Ranch Plaza in the Southern California city of Temecula. Greg Bedell of Progressive represented the buyer, a Los Angeles-based private investor, in the transaction. Brian Bielatowicz, Ryan Bennett and Drew Olson of Lee & Associates represented the seller, another private investor. The 8,781-square-foot retail building was fully leased at the time of sale to tenants including Better Buzz Coffee, Orangetheory Fitness, Krak Boba and D’Or Nail Lounge. Vail Ranch Plaza is an open-air shopping center that is anchored by Sprouts Farmers Market, PetSmart and EOS Fitness.

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Portland Multifamily: Stabilization After a Historic Supply Cycle

John Nelson — Thu, 27 Aug 2026 11:23:00 +0000

— By Jordan Carter and Clay Newton of Kidder Mathews — Portland’s multifamily market is showing signs of stabilization after working through one of the largest apartment construction cycles in its history, compounded by one of the most dramatic swings in lending rates in recent memory. This combination compressed investment activity, weighed on asset values and drove sales volume to decade lows. Demand remains healthy, with apartment absorption over the past 12 months totaling about 3,500 units, in line with long-term historical averages and nearly double the trough of 2023. Vacancy currently sits at 7.1 percent, down from its 2024 peak and below the national average of 8.3 percent. The most consequential shift is the rapid decline in new supply. As of mid-2026, about 2,400 units remain under construction, totaling roughly 1 percent of inventory growth. Deliveries in 2025 were half of 2024 levels, and 2026 is projected to be half of 2025. This is creating the lightest new supply environment in more than a decade as higher interest rates, rising construction costs and tighter lending standards have constrained development. Rent growth remains under pressure but should bottom out near-term as the supply demand balance continues to tighten. Asking rents…

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Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, California

Amy Works — Wed, 26 Aug 2026 14:29:46 +0000

ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through AllianceBernstein and $76.1 million in construction period debt to bridge incoming tax credit equity and permanent bond financing provided by Merchants Bank. Financing for The Steven includes a $30.6 million private placement tax-exempt bond loan through AllianceBernstein and $15 million in construction period debt provided by Merchants Bank. The Frances will feature 324 one-, two- and three-bedroom apartments designated to residents earning 30 to 70 percent of the area median income (AMI) with fully equipped kitchens, central air conditioning and walk-in closets. Community amenities will include a pool, playground, fitness center, courtyard/picnic area, community room, dog park, computer room, service coordinator and an onsite manager. The Steven will add 180 one- and two-bedroom apartments for seniors aged 55 and up that earn between 30 and 70 percent of AMI. Nonprofit organization LifeSTEPS will…

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LV Collective Completes 829-Bed Student Housing Community Near Arizona State University

Amy Works — Wed, 26 Aug 2026 14:24:28 +0000

TEMPE, ARIZ. — LV Collective, in partnership with Kayne Anderson Real Estate, has completed Rambler Tempe, a purpose-built student housing property located at 1020 E. Apache Blvd. in Tempe, home of Arizona State University. Project partners included Shepley Bulfinch as architect, Layton as general contractor and Variant Collaborative as interior designer. Pacific Life provided debt financing for the project. The 14-story, 552,380-square-foot Rambler Tempe features 289 units totaling 829 beds in a mix of studio, one-, two-, three- and four-bedroom floor plans. Move-ins started in late July.

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MDH Partners Buys Serrano Industrial Park in California’s Inland Empire West

Amy Works — Wed, 26 Aug 2026 13:52:40 +0000

JURUPA VALLEY, CALIF. — Atlanta-based investment firm MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in the Inland Empire city of Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet. Newmark represented the undisclosed seller in the transaction, while James Hwang of MDH sourced the deal for the firm. Terms of the transaction were not released. Built in 2019, the 151,885-square-foot Serrano Industrial Park features two buildings offering 30- to 32-foot clear heights, ESFR sprinklers and “ample” dock-high loading. The larger building is equipped with 12,000 amps of power. At the time of sale, the property was fully leased to a single tenant. Additionally, the 8.3-acre site sits within a mile of State Route 60 and about five miles from I-10.

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Hanover Co., Crow Holdings Capital Underway on 200,000 SF Industrial Project in Simi Valley, California

Amy Works — Wed, 26 Aug 2026 13:50:52 +0000

SIMI VALLEY, CALIF. — Hanover Co., in partnership with Crow Holdings Capital, is underway on construction of an industrial project on a 13-acre site at 903 Quimisa Drive in Simi Valley, located in southeastern California. The 200,000-square-foot building will feature 36-foot clear heights, an 8.5-inch slab, skylights, “ample” employee parking and proximity to California State Route 118. The project team includes Rasmussen as architect and M3 Civil as civil engineer. Deal partners include Chad Solomon of JLL and David Young of NAI Capital. Construction commenced in July with completion slated for summer 2027.

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Elevation Land Co., Crow Holdings Capital Complete Phase I of Otay Business Park in California

Amy Works — Tue, 25 Aug 2026 13:54:42 +0000

SAN DIEGO — Elevation Land Co. and a real estate fund advised by Crow Holdings Capital have completed Phase I of Otay Business Park, a two-phase, 119-acre industrial and logistics campus in the Otay Mesa submarket of San Diego. The 612,240-square-foot initial phase includes: At full build-out, Otay Business Park will feature 1.8 million square feet of industrial space, spanning the Siempre Viva Road connection to State Route 11, which is the last exit on highway before entering the Otay East U.S./Mexico Port of Entry commercial border crossing. The first phase of this port-of-entry is slated to open in late 2027. Dempsey Construction is serving as general contractor for the project, which was designed by Ware Malcomb. Brant Aberg and Ryan Downing of Cushman & Wakefield are marketing the property for lease.

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Burnham-Ward Properties Buys Retail Center in Tustin, California, Plans Mixed-Use Redevelopment

Amy Works — Tue, 25 Aug 2026 13:54:21 +0000

TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.

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SENTRE Acquires Industrial Property in Carlsbad, California for $26.6M

Amy Works — Tue, 25 Aug 2026 13:53:30 +0000

CARLSBAD, CALIF. — SENTRE has purchased 2840 Loker Avenue East, an industrial facility in the Southern California city of Carlsbad, from Bixby Capital Management and LaSalle Investment Management for $26.6 million. Hunter Rowe, Michael Longo, Barbara Perriet and Matt Carlson of CBRE represented the seller in the deal. Additionally, CBRE’s Scott Peterson and Michael Kolcum arranged acquisition financing for the buyer, while CBRE’s Roger Carlson, Dennis Visser and Blake Wilson provided leasing advisory services for the property. Situated on 6.2 acres within Carlsbad Technology Center, the 104,298-square-foot property was fully leased at the time of sale to Glanbia Nutritionals, a global nutrition and performance products company. Completed in 1998, the building has served as a key operational and logistics hub for Glanbia Nutritionals for nearly 25 years and features 13 dock-high loading doors, two grade-level doors and 4,000 amps of power.

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Colliers Brokers $11.3M Sale of Kellogg Square Retail Center in Santa Barbara, California

Amy Works — Tue, 25 Aug 2026 13:51:08 +0000

SANTA BARBARA, CALIF. — Colliers has brokered the $11.3 million sale of Kellogg Square, a neighborhood retail center located at 5555-5585 Hollister Ave. in Santa Barbara. AJR Capital Group sold the property to an undisclosed buyer. Miles Waters, Austin Herlihy, Chris Parker and Mike Chung of Colliers represented the buyer in the transaction.

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Genentech to Invest $750M in Manufacturing Facility in Hillsboro, Oregon

Amy Works — Mon, 24 Aug 2026 13:50:11 +0000

HILLSBORO, ORE. — Genentech, a member of Swiss pharmaceutical company Roche Group, plans to invest $750 million in a new manufacturing facility at its 75-acre campus in Hillsboro. The development will bring new end-to-end device filling capabilities to the site and expand Genentech’s capacity to support its future pipeline of innovative medicines. The new facility will support the manufacturing of advanced drug delivery devices, such as pre-filled syringes and auto injectors. Designed for flexibility, the facility will be capable of both high- and low-volume device filling across a broad range of Genentech’s portfolio, enabling the site to respond to changing manufacturing needs as the company’s portfolio evolves. Established in 2006, the Hillsboro campus is a hub for Genentech’s U.S. manufacturing network, supporting production across a broad range of therapeutic areas, including oncology, immunology and neurology. Roche and Genentech’s current U.S. footprint includes 13 manufacturing sites, 15 research and development sites and approximately 25,000 employees across 24 locations in eight states.

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SRS Real Estate Partners Negotiates $41M Sale of Industrial Park in San Dimas, California

Amy Works — Mon, 24 Aug 2026 13:35:11 +0000

SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.

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Gantry Arranges $24.4M Agency Permanent Loan for Colorado Springs Apartment Building

Amy Works — Mon, 24 Aug 2026 13:33:00 +0000

COLORADO SPRINGS, COLO. — Gantry has secured a $24.4 million permanent loan as construction takeout financing for The Edison at Chapel Hills, a multifamily property in Colorado Springs’ Briargate neighborhood. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, non-recourse, fixed-rate loan was secured from Freddie Mac and includes partial term interest only then 35-year amortization. Situated on 7 acres at 970 Menlo Park Point, The Edison at Chapel Hills, features three four-story buildings offering a total of 171 studio, one-, two- and three-bedroom floor plans. In-home amenities include high ceilings, modern kitchens, premium vinyl plank flooring and washers/dryers. Community amenities include a heated pool, 24-hour fitness center, golf simulator, pet spa, dog park, EV charging and garage parking.

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