SAN DIEGO — Northmarq has arranged a $66.1 million construction loan on behalf of Ambient Communities for the development of Palm & Hollister Apartments in San Diego. Located at 555 Hollister St., the proposed community will feature 198 apartments. Aaron Beck, Bryce Quezada, Conor Freeman and Wyatt Campbell of Northmarq arranged the financing through Genesis Capital. The loan includes a three-year initial term and the option to roll into a mini perm upon completion of construction.
CHANDLER, ARIZ. — Park Senior Villas has announced plans for an expansion project at its senior living campus in Chandler. Originally opened in 2020, the property currently comprises seven villas, each of which features a great room and built-in amenity. Upon completion, which is scheduled for summer 2026, the expansion will add 21,000 square feet and occupancy for 48 additional residents. Each new building will include 10 bedrooms and options for both single and double occupancy. The groundbreaking is scheduled for Nov. 25. According to Park Senior Villas, which also operates communities in Goodyear, Houghton and La Cañada, Ariz., its Chandler property has had a 30-person waitlist for the entirety of this year.
LAKE OSWEGO, ORE. — SRS Real Estate Partners has arranged the $6.6 million ground lease sale of a restaurant property located at 14801 Kruse Oaks Drive in Lake Oswego. Chick-fil-A occupies the 8,400-square-foot asset, which was renovated in 2025, under a brand new, 15-year corporate-guaranteed lease. Calvin Short and Patrick Luther of SRS Capital Markets represented the seller, a San Francisco-based family office, while Kevin Held of SRS Capital Markets represented the buyer, an Idaho-based private investor, in the 1031 exchange deal.
GRAND JUNCTION, COLO. — Malman Real Estate has arranged the acquisition of 1048 Independent Avenue, a 65,568-square-foot flex industrial property in Grand Junction. YuanYuan Li, Fengmei Zou and Independent Estate LLC sold the asset to 1048 Independent LLC for $5.5 million. Michael Kraus and Jake Malman of Malman Real Estate represented the buyer in the off-market transaction.
PHOENIX — San Diego-based ColRich has acquired Camden Copper Square, a multifamily community in downtown Phoenix, from Camden Property Trust for $77 million. The secure, gated community features 332 apartments, two parking structures, two swimming pool areas with barbecue grills and seating, an outdoor lounge with panoramic views, indoor coworking spaces, a 24-hour fitness center and a dog park. Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal. Trevor Breaux and Troy Tegeler of CBRE arranged financing for the buyer.
CLACKAMAS, ORE. — Dermody has announced the purchase and development of LogistiCenter at Clackamas, the first industrial project totaling more than 100,000 square feet to be constructed in Clackamas in the past five years. Slated for completion by the end of 2026, LogistiCenter at Clackamas will offer 248,532 square feet of Class A industrial space that can be divided into smaller units to accommodate multiple customers. The asset will feature a clear height of 36 feet, 52-foot by 50-foot column spacing, LED lights, full circulation and ample trailer parking. As a standalone building, the property can also be fully fenced. Scott Murphy, Tom Talbot and John Hallman of Kidder Mathews are handling leasing.
RIVERSIDE, CALIF. — Longpoint has acquired Five Points Plaza, a retail center located at 4652-4822 La Sierra Ave. in Riverside, from a private family that originally developed the center. Stater Bros, Del Taco, Jack in the Box and Dollar Tree are tenants at the 129,699-square-foot property. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets Investment Sales and Advisory represented the buyer in the transaction.
PHOENIX — Gantry has secured an $8.5 million permanent loan to refinance the Rose Garden Apartments, located at 21008 N. 23rd Ave. in Phoenix. The Class B, garden-style apartment community features 55 one- and two-bedroom floor plans. Adam Parker, Chad Metzger and Andrew Christopherson of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The Fannie Mae loan features a 10-year term, fixed interest rate and interest-only payments for half of the term prior to transitioning to a 30-year amortization schedule.
PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of Greg’s Auto Repair Building, a 9,104-square-foot freestanding commercial property situated on 0.77 acres at 10310 S. Dransfeldt Road in Parker. Bellagnu Land Holdings LLC (formerly Greg’s Auto Repair) sold the the property to 10310 Dransfeldt LLC for $3.3 million. The new owner plans to lease the building to Crash Champions, which is currently operating a facility in the adjacent building. Mitch Trevey and Nick Beach of Trevey Commercial Real Estate represented the seller, while Scott Churchley of Cresa represented the buyer in the transaction.
SAN DIEGO — A joint venture between Greystar, Kanden Realty & Development America and Tokyo Tatemono has broken ground on Accolade Campanile, a 605-bed student housing development serving students attending San Diego State University. The development will rise six stories and offer 310 units at the southwest corner of Montezuma Road and Campanile Drive. Shared amenities are set to include a pool and spa; multiple outdoor kitchens and gathering spaces; fire pits; a fully equipped indoor/outdoor fitness center; multiple clubhouses; recreation and game lounges, including a speakeasy; indoor bicycle storage; a dog spa; and dedicated study spaces on each floor. The property will also feature ground-floor retail space. The community was designed by JWDA Architects. Construction financing was provided by Helaba Landesbank Hessen-Thüringen. The project is scheduled for completion in June 2028 with leasing set to begin in August 2027.