Monday, December 8, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

Cimarron-Apts-Mesa-AZ
AcquisitionsArizonaMultifamilyWestern

Rockwell Property Co. Acquires Cimarron Apartments in Metro Phoenix for $33M

by Amy Works

MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. The acquisition marks Rockwell’s sixth purchase in Arizona and the first in the city of Mesa. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an interior courtyard, a fitness center, a resort-style pool and hot tub, a dog park and a lawn games area. Rockwell is planning a value-add program that will focus on select unit upgrades and amenity enhancements. The site includes developable land for additional apartments on the northeast corner of the site.

Continue Reading
FacebookTwitterLinkedinEmail
Palmilla-Center-Phoenix-AZ.jpg
AcquisitionsArizonaCaliforniaRetailWestern

Brixton Capital Forms JV with TriPost to Recapitalize Two Retail Centers in Arizona, California

by Amy Works

BEAUMONT, CALIF. AND PHOENIX — Brixton Capital has recapitalized two of its grocery-anchored retail properties in a joint venture with TriPost Capital Partners, which acquired a stake in the two-property portfolio. This transaction marks the second investment out of TriPost’s Asset Solutions strategy. The portfolio includes Marketplace Beaumont, a 177,000-square-foot shopping center in Beaumont, and Palmilla Center, a 104,000-square-foot property in Phoenix. Marketplace Beaumont is 99 percent occupied by Aldi, Ross, HomeGoods and Best Buy, and Palmilla Center is 99 percent occupied by OfficeMax, PetSmart and Dollar Tree.

Continue Reading
FacebookTwitterLinkedinEmail
Lodge-North-Ogden-UT
AcquisitionsMultifamilySeniors HousingUtahWestern

Blueprint Brokers Sale of 122-Unit Seniors Housing Property in Utah

by Amy Works

NORTH OGDEN, UTAH — Blueprint has brokered the sale of The Lodge at North Ogden, a 122-unit senior living property located in North Ogden, roughly 50 miles north of Salt Lake City. Opened in 2019, the community features independent living, assisted living and memory care residences. An undisclosed, non-traded REIT partnered with a regional operator and acquired the property for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the transaction on behalf of the seller. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaGeorgiaMultifamilyNorth CarolinaNortheastOregonPennsylvaniaSoutheastStudent HousingTexasTop StoriesVirginiaWestern

Morgan Stanley, GSA Acquire Eight-Property Student Housing Portfolio Valued at $1B

by Kristin Harlow

NEW YORK CITY — Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) and Landmark Properties. The transaction is valued at more than $1 billion. The properties are located across seven states and offer a mix of cottage-style, high-rise and mid-rise formats. The 6,200-bed portfolio is nearly fully leased. Global student housing operator Yugo will manage and rebrand the newly acquired assets. The assets in the sold portfolio include: The acquisition marks the partnership’s entrance into new markets in Virginia, Georgia and Pennsylvania, while expanding its presence in Texas, Florida, Oregon and North Carolina. Through its partnership, MSREI and GSA now own nearly 24,000 student housing beds across 50 properties in 23 states. “This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare, and demonstrates our experience and expertise in the student housing market,” says Nicholas Porter, CEO at …

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsMultifamilyNevadaWesternWestern Market Reports

Reno’s New Multifamily Supply Boosts Market Fundamentals

by John Nelson

— By Ben Galles of CBRE — The Reno multifamily market started 2025 with a large supply of new Class A units that was delivered in the fourth quarter of last year. Despite some market challenges, leasing activity of the new supply has gone well, given the limited construction pipeline. There are currently fewer than 700 market-rate units under construction, with very few projects moving forward and starting construction. The constrained development pipeline will likely lead to a significant decrease in vacancy in the second half of 2026 and beyond. This should also start to push rental rates higher, which have been static or slightly down for most of the year, as many owners have offered rent concessions to lock in new tenants.  While future market fundamentals are promising, many buyers remained on the sidelines because most deals have been presented at negative leverage. The average price per unit in 2025 (year to date) is down about 22 percent, while the price per square foot is down about 16 percent (year to date) from the previous year.  This is due to a few things. First, there was an increase in the number of Class B and C assets that traded …

Continue Reading
FacebookTwitterLinkedinEmail
1206-NW-Tahoe-Ln-Silverdale-WA
AcquisitionsMultifamilyWashingtonWestern

Jackson Square Properties Disposes of Multifamily Community in Silverdale, Washington for $79.5M

by Amy Works

SILVERDALE, WASH. — Jackson Square Properties has completed the disposition of Cascade Ridge, a garden-style apartment property in Silverdale, to an undisclosed buyer for $79.5 million. Situated on 16.5 acres at 1206 N.W. Tahoe Lane, Cascade Ridge features 270 one-, two- and three-bedroom apartments, including townhome-style units. Originally constructed in 1992, the property offers low-density living at 16 units per acre. Community amenities include a swimming pool, clubhouse, fitness center with a climbing wall, package lockers and a dog park. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialUtahWestern

ViaWest Group, GEM Realty Capital Break Ground on 470,334 SF Industrial Park in West Valley City, Utah

by Amy Works

WEST VALLEY CITY, UTAH — ViaWest Group, in partnership with GEM Realty Capital, has broken ground on 5400 Commerce Center, an industrial development located at 7301 W. 5400 South in West Valley City. Totaling 470,334 square feet, the project will feature a 97,249-square-foot Building 1, 154,586-square-foot Building 2 and 218,499-square-foot Building 3. Each building will be LEED-certified and feature ESFR sprinkler systems, 32- to 36-foot clear heights and 3,000 amp to 4,000 amp 480/277V power. Matt McAfee, Tom Dischmann, Jeff Richards and Chris Liddell of CBRE are leading the leasing efforts for the project.

Continue Reading
FacebookTwitterLinkedinEmail
Grosvenor-Court-Apts-San-Francisco-CA
AcquisitionsCaliforniaMultifamilyWestern

Ballast Acquires Grosvenor Court Apartments in San Francisco for $31.9M

by Amy Works

SAN FRANCISCO — Ballast has purchased Grosvenor Court Apartments, a multifamily community located at 2055 Sacramento St. in San Francisco, from an undisclosed seller for $31.9 million, or $370,930 per unit. Situated across from Lafayette Park in Pacific Heights, Grosvenor Court offers 86 apartments and recent upgrades, including electrical modernization, exterior painting and a new fire alarm system.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsColoradoMultifamilySeniors HousingWestern

Kiser Group Brokers $13M Sale of Skilled Nursing Facility Near Colorado Springs

by Amy Works

WOODLAND PARK, COLO. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale.  Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state.  Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” says Myers. “The facility’s proximity to a 15-bed critical access hospital and its location within a community with a significant veterans population provide strong upside potential for expanding both veterans affairs (VA) and Medicare resident bases.”

Continue Reading
FacebookTwitterLinkedinEmail
3571-S-Tower-Rd-Aurora-CO.jpg
AcquisitionsColoradoRetailWestern

Thompson Ranch Development Sells Retail Center in Aurora, Colorado for $5.2M

by Amy Works

AURORA, COLO. — Thompson Ranch Development Co. has completed the $5.2 million sale of Tower Pavilions, a fully leased retail center in Aurora. The name of the buyer was not released. Located at 3571 S. Tower Road, Tower Pavilion features 11,029 square feet of retail space fully leased to eight tenants, including Jersey Mike’s Subs, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts