Western

Northern-Parkway-Logistics-Center-Glendale-AZ

Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona

by Amy Works November 11, 2026

GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale. Jason Carlos, Frank Choumas, Ross Jorgensen and Andrew Mings of JLL Capital Markets secured the three-year, floating-rate loan through Mesa West Capital for the borrower. Completed in 2025, Northern Parkway Logistics Center features 445,187 square feet of industrial space spread across three buildings at 12815 W. Northern Ave. and 12795 W. Northern Ave. The property features 32- to 36-foot clear heights, 73 dock-high doors, eight grade-level doors, heavy power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems, 62 trailer parking stalls and 451 vehicle parking spaces. The buildings are designed to accommodate both single-tenant and multi-tenant users. At the time of financing, the property was 57.9 percent leased.

November 11, 2026

Acquisitions Multifamily Washington Western

JLL Brokers $17.5M Sale of Mid-Rise Multifamily Building in Seattle

by Amy Works November 11, 2026

SEATTLE — JLL has arranged the purchase of 101 Broadway Apartments, a mid-rise multifamily property in Seattle. 510/520 Fourth West Properties LLC acquired the asset from an undisclosed seller for $17.5 million. This transaction fulfills the buyer’s 1031 exchange from the recent $10.8 million sale of 510 Place, a 36-unit multifamily property in Seattle. Casey Zejdlik, Michael Lyford and Reed Curtis of JLL handled both transactions. Located at 840 E. Denny Way, the six-story 101 Broadway Apartments features 44 residences with high-end finishes, ground-floor retail space, a rooftop deck and resident lounge. The property was completed in 2017.

November 11, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund Breaks Ground on $174M Affordable Housing Project in Fremont, California

by Amy Works November 10, 2026

FREMONT, CALIF. — USA Properties Fund has broken ground on Centerville Plaza, an affordable multifamily community in Fremont. Located at 37358 Fremont Blvd., Centerville Plaza will feature 290 one-, two- and three-bedroom apartments developed in two phases, with the first units available in spring 2028. The first phase will feature a single five-story building with 140 apartments dedicated to households earning 30 percent to 80 percent of the area median income (AMI) for Alameda County, while the second phase will include two buildings offering a total of 150 units that will have a 60 percent AMI rent and income limit. Apartments will include energy-efficient appliances and light fixtures, low-flow sinks, showers and toilets. Community amenities will include a clubhouse with kitchen, fitness center, barbecue areas and a resident resources area with social services provided by LifeSTEPS, as well as 257 parking spaces, including 27 EV chargers. Financing for the $174 million development includes a $12.8 million loan from the City of Fremont, along with tax-credit investor Bank of America and permanent lender Citi Community Capital for the first phase. The Bay Area Housing Innovation Fund provided a $17.1 million loan, and Housing Trust Silicon Valley provided a $10.3 million land acquisition …

November 10, 2026

Development Loans Multifamily Nevada Seniors Housing Western

Mesa West Capital Provides $94.2M Construction Loan for Seniors Housing Property Near Las Vegas

by Amy Works November 10, 2026

HENDERSON, NEV. — Mesa West Capital has provided a $94.2 million construction loan to a joint venture between affiliates of Bain Capital Real Estate and Investcor for a planned seniors housing community in Henderson. The three-year, nonrecourse, floating-rate loan is secured by MorningStar Green Valley, a to-be-built full-continuum senior living community located at 2155 Village Walk Drive. Slated for delivery in October 2028, MorningStar Green Valley will feature 234 independent living, assisted living and memory care residences. Denver-based MorningStar Senior Living will manage the community upon completion. The construction team includes Martin-Harris Construction, DRC Surveying Nevada and Architectural Nexus.

November 10, 2026

Arizona Loans Multifamily Western

Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona

by Amy Works November 10, 2026

MESA, ARIZ. — The Dinerstein Cos. and PCCP have received $92.1 million in refinancing for Atlas Mesa, a Class A garden-style apartment property located at 5818 E. Baseline Road in Mesa. JLL Capital Markets represented the borrowers in arranging the loan through QuadReal Property Group. Delivered in 2025, Atlas Mesa is a four-story property offering 394 studio, one-, two- and three-bedroom layouts with an average unit size of 991 square feet. Unit amenities include two-toned kitchen cabinets, quartz countertops, wood-style flooring, full-size washers/dryers, indoor air quality systems and stainless steel appliances in select units. Community amenities include an outdoor sky deck and landscaped courtyards, private and group coworking spaces, an indoor/outdoor fitness center, barbecue grills, a pool with a deck, spa and lounge seating, a resident social lounge with full kitchen and TVs, a dog park, pet spa and a bike storage and repair station. Brad Miner, Cameron Cureton, Drew Lydon, Justin Savoie, Andrew Pappas and Jack Kurschat of JLL secured the financing for the borrowers.

November 10, 2026

Acquisitions Arizona Retail Western

PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona

by Amy Works November 10, 2026

CASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released. Located at the northeast corner of I-10 and Florence Boulevard, Promenade at Casa Grande offers 480,000 square feet of retail space. Current tenants include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shop Dept. Encore, Ulta Beauty and Dollar Tree.

November 10, 2026

Acquisitions Industrial Nevada Western

Newmark Arranges Sale of Golden Triangle Logistics Center in North Las Vegas

by Amy Works November 9, 2026

NORTH LAS VEGAS, NEV. — Newmark has brokered the sale of Golden Triangle Logistics Center, a Class A industrial portfolio in North Las Vegas. Washington Capital sold the asset to Clarion Partners for an undisclosed price. Andrew Briner and Ken White of Newmark represented the seller, while Kevin Shannon of Newmark provided executive oversight for the transaction. Totaling 1.3 million square feet, Golden Triangle Logistics Center consists of three distribution facilities located at 2555, 2815 and 3375 E. Washburn Road. Spanning 64.5 acres, the asset features 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a sizable, secured trailer storage yard. At the time of sale, the property was 84 percent leased. The asset offers access to I-15 and the Clark County 215 Beltway.

November 9, 2026

Arizona Loans Office Property Type Western

RED Development Receives $69.3M Refinancing for Offices at The Grove in Phoenix

by Amy Works November 9, 2026

PHOENIX — RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at The Grove features 185,536 square feet of fully leased office space. Current tenants include JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property offers best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant Group), views of Camelback Mountain and 631 parking spaces in shared structured parking.

November 9, 2026

California Development Multifamily Western

TruAmerica Multifamily Breaks Ground on 154-Unit Townhome Community in Santa Clarita, California

by Amy Works November 9, 2026

SANTA CLARITA, CALIF. — TruAmerica Multifamily has broken ground River Walk Townhomes, an apartment community in Santa Clarita. TruAmerica acquired the 10-acre site at 18300 Soledad Canyon Road in August 2026 and recently closed on construction financing for the development. First Citizens Bank & Trust Co. provided the financing. Jim Fisher of Northmarq represented the buyer and seller on the land purchase. David Pelaia of JLL arranged the construction loan. River Walk will feature 144 two-story, three-bedroom townhomes and 10 affordable apartments, providing a mix of market-rate and attainable rental housing options. Additionally, the community will feature 8,500 square feet of commercial and retail space. The first townhomes and community spaces are slated for delivery in spring 2028, with full completion scheduled for fall 2028. The community will feature a clubhouse with a fitness center and resident lounge, as well as a pool and spa, tot lot, dog park and outdoor barbecue patios.

November 9, 2026

Acquisitions California Development Industrial Western

Cabot Properties Buys 5.4-Acre Industrial Development Site in Los Angeles

by Amy Works November 9, 2026

LOS ANGELES — Cabot Properties has purchased a 5.4-acre site at 19701 Hamilton Ave. in Los Angeles’ South Bay submarket from a Brookfield-backed fund for an undisclosed price. The asset is fully entitled and permit-ready for the development of a 122,533-square-foot industrial facility designed to accommodate a wide range of manufacturing, warehouse and distribution uses. Brookfield’s BGRE operating team secured the entitlements. The property is also set within a federally designated Opportunity Zone. Chad Solomon, Patrick Nally, Makenna Peter, Shae Vomund, Zac Sakowski and Brianne Demus of JLL represented the seller in the transaction.

November 9, 2026

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