Western

Quarterra Sells 290-Unit Multifamily Community in Scottsdale to MacNaughton

by Amy Works June 12, 2026

SCOTTSDALE, ARIZ. — Quarterra has completed the sale of Residences Kierland, a 290-unit apartment property in North Scottsdale, to MacNaughton for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo of CBRE’s Debt & Structured Finance arranged the debt financing on behalf of the buyer. Completed in 2022, Residences Kierland features one- and two-bedroom floor plans with gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage. Community amenities include an elevated pool deck with private cabanas, bike room, pet spa with a full washing station, electric car chargers, 24-hour fitness center and a yoga studio. Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated lounges for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, cool-mist room, salt therapy room and hot and cool pools in a secluded outdoor space.

June 12, 2026

Development Multifamily Seniors Housing Washington Western

PMB, The Springs Living Break Ground on 225-Unit Senior Living Community in Issaquah, Washington

by Amy Works June 12, 2026

ISSAQUAH, WASH. — Co-developers PMB and The Springs Living have broken ground on a 225-unit senior living community in Issaquah, roughly 20 miles southeast of Seattle. Makenzie and GBD Architects designed the project, and Exxel Pacific is serving as the general contractor. Harrison Street Asset Management, Huntington National Bank, BOK, MVB, First National Bank Alaska and Northwest Bank are providing financing. Upon completion, The Springs Living at Issaquah Highlands will span 329,250 square feet. Units will include 114 independent living, 84 assisted living and 27 memory care apartments. The community is scheduled to open in late 2028. This marks the second co-development between The Springs Living and PMB.

June 12, 2026

Acquisitions Colorado Development Industrial Western

Trammell Crow, PCCP Break Ground on 76-Acre Industrial Park in Thornton, Colorado

by Amy Works June 11, 2026

THORNTON, COLO. — Trammell Crow Co. (TCC) and joint venture partner Pacific Coast Capital Partners (PCCP) have broken ground on Crossroads 25, a Class A industrial park at the intersection of Interstate 25 and E-470. At full build-out, Crossroads 25 will span 1.1 million square feet across six buildings. Phase 1, totaling 828,000 square feet across four buildings, is slated for delivery in third-quarter 2027. Building 4, totaling 409,000 square feet, has been fully preleased. Buildings 1, 2 and 3 consist of 157,562, 171,242 and 90,096 square feet, respectively. The 32-foot clear front-park, rear-load buildings offer highway visibility from E-470 and I-25, 4,000 amps of power per building, oversized drive-in doors and trailer parking. Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE represented the seller in the land acquisition. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank provided construction financing for Phase 1. Ware Malcomb designed the project, with Murray & Stafford serving as general contractor.

June 11, 2026

California Loans Multifamily Western

PSRS Arranges $29.5M in Acquisition Financing for Mobile Home Park in Northern California

by Amy Works June 11, 2026

NORTHERN CALIFORNIA — PSRS arranged $29.5 million in acquisition financing for an unnamed mobile home park in Northern California. Michael Tanner and David Sarnoff of PSRS arranged the three-year, interest-only acquisition loan through a bridge lender. The borrower was also not disclosed. The 93-site manufactured housing community offers Pacific Ocean views and immediate proximity to state parks, retail and dining. The property features a range of amenities, including pet-friendly spaces, outdoor gathering areas and a resident lounge.

June 11, 2026

Acquisitions California Multifamily Western

Limited Partnership Sells 65-Unit Apartment Community in San Ramon, California

by Amy Works June 11, 2026

SAN RAMON, CALIF. — An entity doing business as Bollinger Crest Apartment Investors LP has sold 4000 Bollinger Crest Common, a multifamily property in San Ramon, to Pacific Urban Investors for an undisclosed price. Keith Manson, Zach Greenwood, Mac Watson and Tate Eames of Cushman & Wakefield represented the seller in the deal. Built in 2000, the property features 65 two-bedroom, two-bathroom residences averaging approximately 1,100 square feet. Units offer private, oversized individual garages, private balconies and patios and nine-foot ceilings.

June 11, 2026

Acquisitions California Industrial Western

EQT Real Estate Divests of 275,243 SF Industrial Building in Temecula, California

by Amy Works June 10, 2026

TEMECULA, CALIF. — EQT Real Estate has divested of 41980 Winchester Road, a 275,243-square-foot industrial building located in Temecula. San Diego-based investment company SENTRE acquired the asset for an undisclosed price. Bryce Aberg, Jeff Chiate, Rick Ellison, Charlie Jacobs, Matthew Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller in the deal. Max Schafer and Brian Share of Cushman & Wakefield’s Equity, Debt & Structured Finance team arranged acquisition financing for the transaction. The building features 26-foot clear heights, “efficient” loading capabilities and “ample” parking. The fully occupied property also provides immediate connectivity to major distribution corridors serving San Diego, Orange County, Calif., and the broader Inland Empire.

June 10, 2026

Acquisitions Colorado Mixed-Use Office Retail Western

BMC Investments Sells 100,000 SF Mixed-Use Property in Denver

by Amy Works June 10, 2026

DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.

June 10, 2026

Acquisitions Colorado Retail Western

JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, Colorado

by Amy Works June 10, 2026

FORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins. The three-building shopping center was 96 percent leased at the time of sale to a mix of local and national tenants, including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Alpine Investment Group sold the asset to Big Ben Funds and CAMCRE in an off-market transaction. Jason Schmidt and Austin Snedden of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

June 10, 2026

Arizona Development Industrial Western

Stevens-Leinweber Breaks Ground on 58,250 SF Office-to-Industrial Redevelopment in Tempe, Arizona

by Amy Works June 10, 2026

TEMPE, ARIZ. — Phoenix-based general contractor Stevens-Leinweber Construction has broken ground on TenSixty Interchange, an office-to-industrial redevelopment in Tempe, on behalf of Alidade Capital and Pine Creek Real Estate Partners. The project will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road corridor. Prior to the groundbreaking, a two-story office building on the site was demolished to prepare a shovel-ready development parcel. When complete, TenSixty Interchange will total 58,250 square feet of Class A, small-bay industrial space. Situated on 4.5 acres at 4415 S. Wendler Drive, the property will feature 24-foot clear heights and accommodations for multiple mid-size tenants or up to six smaller tenants with divisibility to approximately 9,700 square feet. Additional features will include full HVAC, LED lighting, 3,000 amps of power and a 1,985-square-foot speculative office suite on each endcap. TenSixty Interchange will also include 16 dock doors, eight grade-level doors and 83 parking spaces. Butler Design Group is serving as architect for the project. Steve Larsen, Jason Moore and Katie White of JLL will handle leasing for the property.

June 10, 2026

Acquisitions Arizona Development Mixed-Use Office Restaurant Retail Western

Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

by Amy Works June 9, 2026

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

June 9, 2026

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