Western

Newmark Arranges $31.6M Sale, Financing of San Carlos Village Apartments in San Diego

by Amy Works February 19, 2026

SAN DIEGO — Newmark has brokered the sale of San Carlos Village, a multifamily community located at 7707-7787 Tommy St. in San Diego. Pathfinder Partners acquired the asset for $31.6 million from ERFSCV LLC (heirs of the original developer) in an off-market transaction. Originally developed in 1980, San Carlos Village offers 160 apartments spread across 7.3 acres at the base of Cowles Mountain. The new ownership plans to rename the asset Cowles Landing. Erik Anderson of Newmark represented the buyer, while Greg Gorsuch of Chamberlain Property Management represented the seller in the deal. Robert Younkin and Garrett Meyers of Newmark arranged an $18.6 million Fannie Mae loan to facilitate the acquisition.

February 19, 2026

Acquisitions Affordable Housing California Multifamily Western

Pro Residential Services Buys 162-Unit Affordable Housing Community in Mojave, California

by Amy Works February 19, 2026

MOJAVE, CALIF. — Pro Residential Services has acquired Park Palace Apartments, an affordable housing property in Mojave, from Park Plaza One Apts LP for $8.9 million. Cray Carlson of CBRE represented both parties in the transaction. Located at 16193 and 16197 H St., Park Palace Apartments offers 162 apartments. Constructed in 2007 and 2011, the property operates as a low-income housing tax credit community. The asset is subject to long-time affordability requirements under its regulatory agreement with approximately 55 years of restrictions remaining.

February 19, 2026

Acquisitions California Western

Fairfax Financial Agrees to Acquire Kennedy Wilson for $1.6B, Take Company Private

by Kristin Harlow February 18, 2026

BEVERLY HILLS, CALIF. — Kennedy-Wilson Holdings Inc. has entered into a definitive agreement to be acquired by an entity affiliated with a consortium led by CEO William McMorrow and Fairfax Financial Holdings Limited. The all-cash transaction is valued at $1.6 billion. The per share purchase price of $10.90 represents a 46 percent premium to Kennedy Wilson’s share price as of Nov. 4, 2025, the last trading day prior to a publicly disclosed proposal received by the company from the consortium. Fairfax is expected to have a majority of the economic interest in Kennedy Wilson immediately following the closing of the transaction, which is expected to occur in the second quarter of 2026 subject to the satisfaction of a number of customary closing conditions. Upon completion, Kennedy Wilson’s common shares will cease trading on the New York Stock Exchange and will be deregistered under applicable rules of the Securities and Exchange Commission. Beverly Hills-based Kennedy Wilson is a real estate investment company with $31 billion of assets under management in markets across the United States, United Kingdom and Ireland. The company went public in 2009.

February 18, 2026

California Development Industrial Western

Affinius Capital, McDonald Property Complete Phase I of The HUB @ Ontario International Airport Logistics Park in California

by Amy Works February 18, 2026

ONTARIO, CALIF. — Affinius Capital, McDonald Property Group and PREMIER Design + Build Group have completed Phase I of The HUB @ Ontario International Airport (ONT), a master-planned logistics park in Ontario. The development is owned by CanAm Ontario, a venture between an investment affiliate of Affinius Capital and McDonald Property Group. Located adjacent to the Ontario International Airport, The HUB @ ONT spans 200 acres under a 55-year ground lease agreement with the Ontario International Airport Authority. Upon full build-out, the campus will total more than 4.2 million square feet of industrial space delivered over a 28-month schedule. Phase I includes four buildings offering more than 2 million square feet of industrial space. Phase II, slated for delivery this spring, will add five buildings totaling 2.2 million square feet on 96 acres of land to the project.

February 18, 2026

Acquisitions Arizona Industrial Western

Transwestern Acquires Two-Building, 662,804 SF Industrial Property Near Phoenix

by Amy Works February 18, 2026

TOLLESON, ARIZ. — Transwestern Investment Group (TIG), on behalf of a separately managed account, has purchased a two-building industrial property at 9400 Latham St. in Tolleson. Terms of the transaction were not disclosed. Delivered in 2022, the 662,804-square-foot property is fully leased. Building A is a 402,015-square-foot cross-dock facility with a clear height of 36 feet, a 190-foot truck court, ESFR sprinkler systems and abundant trailer parking. Building B totals 260,789 square feet and features a rear-load configuration with a clear height of 32 feet, a 130-foot truck court and ESFR sprinklers.

February 18, 2026

Colorado Development Hospitality Western

Extended Stay America Opens 104-Room Select Suites Hotel in Sterling, Colorado

by Amy Works February 18, 2026

STERLING, COLO. — Extended Stay America has opened Extended Stay America Select Suites – Sterling, an extended-stay hotel located at 2500 E. Chestnut St. in Sterling. Developed by Colorado Hospitality Services, the two-story property features 104 suites with full kitchens, including a stovetop, microwave and full-size refrigerator. Onsite amenities include guest laundry, complimentary Wi-Fi, an indoor swimming pool, a recreation room with pool tables and foosball.

February 18, 2026

Acquisitions Affordable Housing California Multifamily Seniors Housing Western

Arka Properties, Black Equities Sell Affordable Seniors Housing Community in San Diego for $47M

by Amy Works February 17, 2026

SAN DIEGO — Arka Properties and Black Equities have completed the disposition of Lakeshore Villa Apartments, an affordable seniors housing property in San Diego’s San Carlos nieghborhood, to an undisclosed buyer for $47 million. Otto Ozen, Shawn Bolour and Jordan Pakzad of The Mogharebi Group represented the seller in the deal. Located at 6888 Golfcrest Drive, Lakeshore Villa features two three-story buildings offering 126 one-bedroom/one-bath floor plans with an average unit size of 520 square feet. Lakeshore Villa Apartments benefits from a 100 percent Senior HUD HAP Contract, ensuring stable income and long-term occupancy. The buyer plans to invest capital into the property and has committed to extending the affordability of the asset.

February 17, 2026

Acquisitions Colorado Multifamily Western

Thompson Thrift Divests of Notch66 Multifamily Asset in Longmont, Colorado

by Amy Works February 17, 2026

LONGMONT, COLO. — Thompson Thrift has completed the sale of Notch66, a 336-unit apartment property in Longmont. Scottsdale, Ariz.-based The Wolff Co., through its core-plus acquisition vehicle, purchased the asset for an undisclosed price. Developed with equity from Watermark 2021 Development Fund III, Notch66 features one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers/dryers, walk-in closets and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park. At the time of sale, the property was 93 percent leased. Situated on 18.4 acres at 2514 Main St., Notch66 was completed in June 2024. Shane Ozment, Terrance Hunt, Chris Hart and Brad Schafer of CBRE represented the seller in the deal.

February 17, 2026

California Loans Retail Western

HP Investors Receives $19M in Financing for Gaslamp Square Retail Property in Downtown San Diego

by Amy Works February 17, 2026

SAN DIEGO — HP Investors has received $19 million in recapitalization financing for Gaslamp Square, a retail property at 405 5th Ave. in San Diego. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE arranged a floating-rate loan on behalf of the borrower. The financing features a multi-year interest-only period and a competitive structure with a maturity in 2029. Gaslamp Square features 54,856 square feet spanning a full block at 5th Avenue and J Street in downtown San Diego’s Gaslamp Quarter. The asset consists of retail condominiums and a 243-stall subterranean parking garage.

February 17, 2026

Acquisitions California Industrial Western

CBRE Arranges Sale of 46,220 SF Industrial Building in Indio, California

by Amy Works February 17, 2026

INDIO, CALIF. — CBRE has brokered the sale of a 46,220-square-foot industrial building located at 82309 Market St. in Indio. A Los Angeles-based 1031 exchange buyer acquired the asset from an undisclosed seller for $7.2 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones of CBRE represented the seller in the deal. Situated on 2.1 acres, the building includes 38,120 square feet of warehouse space and 8,100 square feet of office space. The warehouse portion of the property features 20-foot to 24-foot clear heights, four grade-level doors, two dock-high doors and a fully fenced, gated concrete tuck court. The current tenant recently renewed its lease at the property.

February 17, 2026

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