Western

Bascom Northwest Divests of Tempo at Riverpark Apartments in Oxnard, California for $105M

by Amy Works January 27, 2026

OXNARD, CALIF. — Bascom Northwest Ventures, through an affiliate venture, has completed the sale of Tempo at Riverpark Apartments in Oxnard, to a venture led by Hines for $105 million. Blake Rogers, Alex Caniglia and Kip Malo of JLL handled the transaction. Apartment Management Consultants managed the community for Bascom Northwest over the holding period. Located less than one mile from the Pacific Ocean, Tempo at Riverpark features 235 apartments with in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms, spacious open floor plans and balconies or patios. Community amenities include an outdoor pool and spa, poolside cabanas, an outdoor barbecue area and fireplace, a 24/7 fitness center, yoga/spinning room and attached garages. Bascom Value Added Apartment Investors Fund IV, an affiliate of The Bascom Group, and a private investment group led by Bascom Northwest purchased the property for $75.2 million in 2028. Brian Wirtz of Bascom Northwest assisted throughout the investment execution process.

January 27, 2026

Loans Multifamily Nevada Western

Walker & Dunlop Secures $75M Refinancing for Multifamily Community in North Las Vegas

by Amy Works January 27, 2026

NORTH LAS VEGAS, NEV. — Walker & Dunlop has arranged a $75 million loan for the refinancing of North Park Living, a two-story, walk-up apartment property in North Las Vegas. Justin Nelson, Eric Norris, PJ Feichtmeier and Jared Diedrich of W&D Capital Markets refinanced the loan on behalf of SRB Living LLC. The team secured the floating-rate, interest-only permanent debt loan from Benefit Street Partners. Located at 4100 Scott Robinson Blvd., North Park Living offers 380 one-, two- and three-bedroom floor plans with direct access entrances. Situated just north of the Las Vegas strip, the property provides direct access to I-15, local and national retailers and major employment centers.

January 27, 2026

California Loans Retail Western

Northmarq Arranges $35.7M Bridge Loan for Conejo Valley Plaza Retail Center in Thousand Oaks, California

by Amy Works January 27, 2026

THOUSAND OAKS, CALIF. — Northmarq has arranged $35.7 million in financing for Conejo Valley Plaza, a grocery-anchored retail center in Thousand Oaks. The borrower is Gerrity. Matt Radich and Mason Brower of Northmarq’s Debt + Equity team secured the bridge loan through Northmarq’s long-standing relationship with New York Life. The transaction was structured on a five-year term with interest-only payments for the full term. Situated on 12.3 acres at 1388-1416 N. Moorpark Road, Conejo Valley Plaza offers 128,243 square feet of retail space. The property was built in 1983 and renovated in 2005. Current tenants include Ralphs, Toppers Pizza, Poke Land and Rise Southern Biscuits.

January 27, 2026

Acquisitions Arizona Multifamily Western

Investors Capital Group Acquires Vertical East Apartments in Tucson for $22M

by Amy Works January 27, 2026

TUCSON, ARIZ. — Vertical Street Ventures has sold Vertical East Apartments in Tucson to Seattle-based Investors Capital Group for $22 million. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller. The property was developed in 2001 and is comprised of two- and three-bedroom floor plans. Community-wide amenities include a pool and hot tub, a picnic area and a dog park.

January 27, 2026

Colorado Features Hospitality Industrial Multifamily Office Retail Self-Storage Seniors Housing Western Western Feature Archive

Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR

by John Nelson January 27, 2026

DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented …

January 27, 2026

California Industrial Market Reports Western Western Market Reports

Repositioning Opens the Door to New Possibilities in Inland Empire’s Industrial Market

by John Nelson January 27, 2026

— By Richard Schwartz of SRS Real Estate Partners — The Inland Empire industrial market has undergone significant recalibration over the past 24 months, moving from the “too hot” environment of 2022 and 2023 marked by record construction and rent escalation to a period of normalization. Construction-driven vacancy has pushed the market into a digestion phase, marked by softening rents, adjusting sale prices and a reset in landlord-tenant expectations. These dynamics will unlock new opportunities as we enter 2026. Limited New Development Creates Breathing Room CoStar data compiled by SRS shows that new construction peaked in 2023 with about 29.5 million square feet delivered. This was followed by 17.8 million square feet in 2024 and an expected 16 million square feet in 2025. Deliveries are projected to fall to roughly 10 million square feet in 2026, making it the lightest post-pandemic year of new supply. This delivery includes several notable projects, such as Amazon’s 2.5-million-square-foot “middle-mile” facility in Hesperia, a 650,000-square- foot storage facility in Desert Hot Springs and a 1.2-million-square-foot facility in Apple Valley that’s leased to Lecangs. This means that more than half of the Inland Empire’s 2026 construction pipeline is already pre-leased, reducing speculative exposure while accelerating the rise …

January 27, 2026

Acquisitions Colorado Loans Multifamily Western

Kennedy Wilson Acquires Fletcher Southlands Apartments in Aurora, Colorado for $94.8M

by Amy Works January 26, 2026

AURORA, COLO. — Kennedy Wilson (NYSE: KW) has acquired The Fletcher Southlands in Aurora’s Southlands submarket for approximately $94.8 million from CBRE Global Investors. JLL Capital Markets has arranged a $61.8 million Freddie Mac acquisition loan for Kennedy Wilson. Brandon Smith, Annie Rice, Mark Wintner and Tony Nargi led the JLL team. The Fletcher Southlands, located at 22959 E. Smoky Hill Road, was built in 2001 on a 23-acre site and features one- to four-bedroom units and amenities that include a pool and hot tub, fitness and business centers, a gaming area, covered parking, a dog park, package lockers, grills, valet trash services, a complimentary coffee bar and free Wi-Fi in common areas.

January 26, 2026

California Development Hospitality Western

Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel

by Amy Works January 26, 2026

ARCADIA, CALIF. — San Diego-based Azul Hospitality Group has opened Hilton Arcadia Los Angeles, a full-service Hilton-branded hotel in Arcadia. The 173-room property includes a mix of guest rooms and suites, approximately 17,800 square feet of flexible indoor and outdoor meeting and event space, a heated outdoor pool, fitness center and business hub. Additionally, the hotel features three food-and-beverage outlets, including Hipico rooftop restaurant and terrace; 19Seventy at the Ovalo Restaurant & Bar, an all-day dining concept; and Sottaku by Kisen & Kaiseki Motoishi, a speciality sushi and Japanese dining outlet. Situated near the historic Santa Ana Racetrack, the hotel also offers racetrack-facing views from select rooms. Azul Hospitality Group operates properties in 29 markets across 11 states, with a portfolio that includes 21 global hotel brands. Azul also manages and concepted more than 40 independently branded restaurants and skyline bars, as well as cafés, counter-service concepts and speakeasies.

January 26, 2026

Acquisitions Arizona Industrial Western

EQT Real Estate Buys 663,367 SF Industrial Facility in Glendale, Arizona

by Amy Works January 26, 2026

GLENDALE, ARIZ. — EQT Real Estate has acquired Commerce @ 303, a Class A industrial property and adjacent entitled, shovel-ready 32.6-acre development site at 5215 N. Alsup Road in Glendale, from New York Life Real Estate Investors and SteelWave for an undisclosed price. Developed by SteelWave, Commerce @ 303 features a 663,367-square-foot, cross-dock industrial facility. Built in 2022, the facility is currently fully leased to two third-party logistics providers. The adjacent parcel is a shovel-ready site, allowing for the development of a 497,2354-square-foot industrial facility, enabling the construction of a nearly 1.2 million-square-foot industrial campus. EQT plans to begin construction on a speculative building on the development site with an estimated delivery date of fourth-quarter 2026. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield handled the transaction.

January 26, 2026

Loans Montana Multifamily Seniors Housing Western

Berkadia Arranges $33.8M Refinancing for Seniors Housing Community in Bozeman, Montana

by Amy Works January 26, 2026

BOZEMAN, MONT. — Berkadia has arranged $33.8 million in refinancing for Bozeman Lodge, an independent and assisted living community located in Bozeman. Oregon-based Radiant Senior Living is the borrower. Ed Williams, Steve Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia secured the financing from a debt fund on behalf of Radiant. The 2.5-year loan features interest-only payments for the full term. The transaction marks the debt fund lender’s first loan within the seniors housing sector.

January 26, 2026

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