Monday, June 8, 2026
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CaliforniaMultifamilyStudent HousingWestern

ACH Awarded Management of Property Near Cal Polytechnic

by Nellie Day

SAN LUIS OBISPO, CALIF. — Asset Campus Housing has been selected as the management company of Mustang Village, a 1,006-bed student housing community. The property is located within walking distance of California Polytechnic University in San Luis Obispo. Mustang Village offers one-, two-, three- and four-bedroom units with private bedrooms and full-furnishing options. The student housing complex will undergo interior and exterior renovations to include upgraded flooring, cabinetry, counters, lighting, appliances and furniture. Upon completion of the renovations, amenities for the Mustang Village apartments will include a newly refurbished basketball court, BBQ grills, picnic area, computer lab, study room, TV lounge and pool.

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CaliforniaMultifamilyWestern

WNC Promotes Wendy Yan to Vice President of Underwriting

by Nellie Day

IRVINE, CALIF. — WNC, an investor focused on affordable real estate, has promoted Wendy Yan to vice president of underwriting. Yan joined WNC in 2011 as a senior project manager of underwriting and was later promoted to a director of underwriting. Throughout her career, she has been involved in land acquisition and entitlement, due diligence review, financial underwriting/structuring and public and private financing. Yan earned a bachelor’s degree and a master’s degree from the University of California, Los Angeles.

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CaliforniaOfficeWestern

Casey Brown Co. Buys San Diego Union-Tribune Property for $52M

by Nellie Day

SAN DIEGO — The Casey Brown Co. has purchased the San Diego Union-Tribune property for $52 million. The asset is located at 350 Camino de la Reina in the San Diego submarket of Mission Valley. The property contains a 170,000-square-foot office building and a 190,000-square-foot industrial building that formerly served as the newspaper’s printing facility. Casey Brown plans to upgrade the existing office building into an amenity-rich, Class A corporate campus. The industrial building is currently being evaluated for alternative uses. The site was also recently entitled for 200 apartment units. The seller, Doug Manchester, was the former publisher of the Union-Tribune. CBRE will handle leasing the property.

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MultifamilyNevadaWestern

MG Properties Group Buys Broadstone Azure Apartments in North Las Vegas

by Nellie Day

LAS VEGAS — MG Properties Group (MGPG) has purchased the 312-unit Broadstone Azure apartment complex in North Las Vegas for an undisclosed sum. The community was built in 2007. Broadstone Azure features a resort-style pool, spa, lounge and fitness center. The property is located in North Las Vegas with access to the 215 and 15 freeways. MG financed the acquisition with a $22 million, 10-year mortgage from Fannie Mae that Bryan Frazier of Walker & Dunlop arranged. Doug Schuster of Newmark Grubb Knight Frank represented the unnamed seller.

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MultifamilyWashingtonWestern

Lowe Enterprises, First Capital Advisors Buy Deer Creek Apartment Homes in Puyallup

by Nellie Day

PUYALLUP, WASH. — A joint venture between Lowe Enterprises Investors and First Capital Advisors has purchased the 256-unit Deer Creek Apartment Homes in Puyallup for an undisclosed sum. The community is located at 6115 111th St. East. The 18-acre, garden-style property was built in 2000. It was 95 percent occupied at the time of sale. Deer Creek is situated at the base of Mt. Rainier, 10 miles outside of Tacoma and 35 miles south of Seattle. Greystar will manage the property. Jones Lang LaSalle represented the unnamed seller.

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ArizonaRetailWestern

Cushman & Wakefield Arranges $10.5M Sale of North Mountain Plaza

by Nellie Day

PHOENIX — Cushman & Wakefield has arranged the $10.5 million sale of North Mountain Plaza, a 95,000-square-foot shopping center located in Phoenix. Dan Salley and Jack Wilson of Cushman & Wakefield represented the buyer, Pivot Development LLC, and Cam Stanton of CBRE represented the seller, CT Retail Properties Finance IV LLC, in the transaction. Fry’s grocery store anchors the center, which is 82 percent occupied.

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ArizonaIndustrialOfficeWestern

Harsch Buys Two Office/Industrial Buildings in Tucson

by Nellie Day

TUCSON, ARIZ. — Harsch Investment Properties has purchased an office and flex industrial portfolio in Tucson for an undisclosed sum. The portfolio includes two buildings that total 190,000 square feet. The acquisition consists of the 60,000-square-foot Butterfield Corporate Plaza office/R&D flex property and the Tucson Airport Center, a 130,000-square-foot project with office and industrial tenants. Both properties are situated near Tucson International Airport and Interstate 10. CBRE’s Bill DiVito and Jesse Blum acted as the leasing agents for both properties. The seller was not named.

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ColoradoIndustrialWestern

American Tire Distributors Leases 127,000 SF at Crossroads Commerce Park in Denver

by Nellie Day

DENVER — American Tire Distributors (ATD) has leased a 127,000-square-foot building at Crossroads Commerce Park in Denver. The park is located at the southwest corner of 55th Avenue and Washington Street in Unincorporated Adams County. ATD is the first full-building tenant at Crossroads. The company is one of the largest independent suppliers of replacement tires in North America. Crossroads Commerce Park is a modern, master-planned development of nearly 1 million square feet of Class A industrial space in multiple buildings. Josh Allred of Jackson Cooksey represented ATD. Mike Wafer and Tim D’Angelo of Newmark Grubb Knight Frank represented the landlord, Trammell Crow Company.

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CaliforniaMultifamilyWestern

Mauna Loa Apartments in Santa Ana Sells for $14.6M

by Nellie Day

SANTA ANA, CALIF. — An unnamed buyer has purchased the 60-unit Mauna Loa Apartments in Santa Ana for $14.6 million. The community is located at 1311 Washington Ave. It is situated near Westfield MainPlace Mall and the Discovery Cube Orange County science museum. Tyler Leeson of Marcus & Millichap’s Newport Beach office represented the seller, an LLC.

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CaliforniaIndustrialWestern

Rexford Buys Industrial Facility in Irwindale for $8.1M

by Nellie Day

IRWINDALE, CALIF. — Rexford Industrial Realty has purchased a 64,296-square-foot industrial facility in Irwindale for $8.1 million. The facility is located at 16321-16327 Arrow Highway. It is fully leased to one tenant that has used the property as its corporate headquarters, production and distribution facility for several decades.

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