Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

Petaluma-Town-Plaza-Petaluma-CA
AcquisitionsCaliforniaRetailWestern

Crow Holdings Capital Buys 26,699 SF Retail Strip Center in Petaluma, California

by Amy Works

PETALUMA, CALIF. — Crow Holdings Capital has purchased Petaluma Town Plaza, a retail strip center located at 901 and 905 E. Washington St. in Petaluma, from a private entity for $7.3 million. Built in 1991, the 26,699-square-foot Petaluma Town Center was 64 percent occupied at the time of sale. Current tenants include FedEx, Sherwin-Williams, St. Joseph Health, Posh Nails and SalonCentric. Warren McClean and Eric Kathrein of JLL Capital Market’s Investment and Sales Advisory team represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Alex Hoenig Valuations Walker & Dunlop
Content PartnerFeaturesIndustrialMidwestMultifamilyNortheastOfficeSoutheastTexasWalker & DunlopWestern

Multifamily, Industrial, Office Transaction Activity Trends Upward Amid Shifting Valuation Landscape

by Sarah Daniels

The spike in interest rates nearly three years ago brought investment sales to a virtual standstill, as deep disagreements over valuation between buyers and sellers dominated the market. While recent Federal Reserve cuts to the federal funds rate raised hope for a resurgence in transactions, ongoing volatility in the bond market, concerns about reemerging inflation and uncertainty over fiscal and monetary policy continued to weigh on a full-blown rebound in investment activity. The uncertain environment makes it difficult for investors to easily evaluate commercial property values, underscoring the importance of access to comprehensive, real-time data on transactions, market fundamentals and emerging trends, says Alex Hoenig, MAI, Midwest regional managing director at Apprise, Walker & Dunlop’s independent valuation firm. “Our understanding of current values for commercial real estate relies on transactions actually taking place, and sales velocity has started to inch back up,” reports Hoenig. “But there’s no question that there has been a lot of volatility in the market, which requires a local expert with access to a strong network and a constant pulse on market comparables.” Walker & Dunlop launched Apprise in 2020 to accelerate technology-driven solutions in the commercial real estate sector. Apprise serves owners and investors nationwide, …

Continue Reading
FacebookTwitterLinkedinEmail
GCU-Campus-Phoenix-AZ
ArizonaLoansMultifamilyStudent HousingWestern

Colliers Arranges $520M Bond Refinancing for Grand Canyon University in Phoenix

by Amy Works

PHOENIX — Colliers has secured a $520 million refinancing for Grand Canyon University’s (GCU) real estate portfolio in Phoenix.  Placed through the Industrial Development Authority of the County of Maricopa Education Bonds (Grand Canyon University Project Taxable Series 2024), the loan includes the refinancing of two bridge loans placed by Colliers in October. The loan, which also pays off the university’s credit line, is a 3a2 bond financing and was issued as a partial refinancing of bonds issued by the university in 2021.  Robert Kline, Todd Noel and Mindy Korth of Colliers Mortgage Advisory in Phoenix arranged the refinancing. John Stevenson and Mark Somers of Goldman Sachs’ higher education group and the law firms of Ballard Spahr and Nixon Peabody were also involved in the transaction.  “The scope of this refinancing is pretty significant in the higher education bond market and speaks to GCU’s outstanding financial performance and strong student outcomes in the six years since reverting to our historical tax-exempt Arizona nonprofit status,” says GCU President Brian Mueller. 

Continue Reading
FacebookTwitterLinkedinEmail
Gilbane-Uni-Idaho-Moscow-ID
DevelopmentIdahoMultifamilyStudent HousingWestern

Gilbane, Rocky Mountain Cos. to Begin $162.8M Redevelopment at University of Idaho

by Amy Works

MOSCOW, IDAHO — A public-private partnership between the University of Idaho, Gilbane Development Co. and Rocky Mountain Cos. is set to begin a $162.8 million renovation and expansion of the university’s campus in Moscow. The project will include the renovation and redevelopment of the university’s South Hill and Elmwood Apartments, the Wallace Residence Center and the Theophilus Residence Building. “We continue to see enrollment growth as we prove again and again the University of Idaho’s value,” says Scott Green, university president. “Our on-campus housing is an important piece of that value, and our students need and deserve modern living and learning facilities.” The development team for the project includes Lydig, Integrus and Design Collective. A timeline for the project was not announced. 

Continue Reading
FacebookTwitterLinkedinEmail
Smith-Rio-Tempe-AZ.jpg
AcquisitionsArizonaMultifamilyWestern

PGIM Real Estate, HSR Sell 310-Unit Smith & Rio Multifamily Community in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — A partnership between PGIM Real Estate and High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., has completed the disposition of Smith & Rio, an apartment property in Tempe. A global investor acquired the asset for an undisclosed price. Completed by HSR in 2023, Smith & Rio offers 310 apartment units, a rooftop deck, resident clubhouse with gaming tables, a fireplace and seating areas, and a central courtyard including a resort-style pool deck with a spa, barbecue pavilion and fire features. Additional amenities include a 24-hour fitness center, reception area and leasing office, multiple seating areas, coworking offices, pet spa and another outdoor courtyard with a dog park and yoga lawn. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
2300-Boswell-Rd-Chula-Vista-CA
AcquisitionsCaliforniaOfficeWestern

CBRE Brokers $29.5M Sale of Plaza at Eastlake Office Building in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — CBRE has arranged the sale of Plaza at Eastlake, a Class A office building located at 2300 Boswell Road in Chula Vista. Plaza at Eastlake LLC, an affiliate of Harbor Associates, sold the property to a private investor for $29.5 million, or $222 per square foot. Built in 1992, the two-story Plaza at Eastlake offers 132,669 square feet of office space, including a two-story lobby, conferencing center, a clear height of 10 feet and remodeled restrooms and elevators. The property was renovated from 2018 to 2020, totaling around $2.2 million in capital improvements. The previous ownership constructed 37,800 square feet of speculative suites over the past few years. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE represented the seller. Kimberly Clark of Voit served as local leasing agent for the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
3610-N-Main-St-Roswell-NM
AcquisitionsHospitalityNew MexicoWestern

Marcus & Millichap Negotiates Sale of 68-Room Comfort Suites Roswell Hotel in New Mexico

by Amy Works

ROSWELL, N.M. — Marcus & Millichap has arranged the sale of Comfort Suites Roswell, a hotel property located at 3610 N. Main St. in Roswell. Terms of the transaction were not released. The 68-room hotel features an indoor pool, indoor whirlpool, fitness center and laundry facilities. John Casler and Josh Tammen of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer, a private investor, in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
5555-14th-Ave-NW-Seattle-WA.jpg
AcquisitionsMultifamilyWashingtonWestern

AvalonBay Communities Sells AVA Ballard Multifamily Property in Seattle for $105.5M

by Amy Works

SEATTLE — AvalonBay Communities has completed the sale of AVA Ballard, a multifamily asset located at 5555 14th Ave. NW in Seattle’s Ballard neighborhood, to an undisclosed buyer for $105.5 million. Built in 2013, AVA Ballard offers 265 studio, one- and two-bedroom apartments averaging 717 square feet. Units feature quartz countertops, stainless steel appliances, plank hardwood-style flooring and washers and dryers. Community amenities include a rooftop lounge, barbecues and a dog run; a clubroom with media lounge, arcade games and lounge seating; a fitness studio; inner courtyards with barbecues, fire pits and lounge seating; rentable storage units; and electrical vehicle charging, as well as 12,000 square feet of ground-floor retail space. Eli Hanacek, Mark Washington and Kyle Yamamoto of CBRE represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaLoansMultifamilySeniors HousingWestern

MonticelloAM Provides $87.2M Bridge Loan for Assisted Living Portfolio in Fresno, California

by Amy Works

FRESNO, CALIF. — MonticelloAM has provided an $87.2 million bridge loan for an assisted living portfolio in Fresno. The portfolio totals 39 communities. Proceeds from the loan will be used to refinance the existing debt on the properties, and the undisclosed borrower plans to secure long-term financing. 

Continue Reading
FacebookTwitterLinkedinEmail
District-La-Brea-Los-Angeles-CA
AcquisitionsCaliforniaRestaurantRetailWestern

CIM Group Purchases 82,210 SF District La Brea Retail Property in Los Angeles

by Amy Works

LOS ANGELES — CIM Group, through CIM Real Assets & Credit Fund, has purchased District La Brea, a collection of adjacent retail and commercial buildings along La Brea Avenue in Los Angeles. Details of the transaction were not disclosed. The acquisition includes approximately 82,210 square feet of commercial space and 171 parking stalls, including a three-story parking structure. Current tenants include Acr’Teryx, Stone Island, Undefeated, Market, Garrett Leight, Schott NYC, Sycamore Kitchen, Burrow, Interior Define, AETHER Apparel and SUGARFISH by Sushi Nozawa. Located on La Brea Avenue between 1st and 2nd streets, the one-, two- and three-story buildings were organized and rebranded as District La Brea in 2013 with further development completed in 2017. The buildings are each architecturally distinct with storefronts in a variety of styles, including rustic red brick, gold scrollwork and modern glass and stone.  

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts