Monday, March 31, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

1268-E-Grant-Line-Rd-Tracy-CA
CaliforniaIndustrialLoansWestern

CBRE Secures $70.2M in Financing for 606,343 SF Distribution Center in Tracy, California

by Amy Works

TRACY, CALIF. — CBRE has secured $70.2 million in financing for Tracy 205 Logistics Center on behalf of Trammell Crow Co. Mike Walker and Brad Zampa of CBRE’s Debt and Structured Finance arranged the five-year loan through Barings. Adam Voelker and Will Parker of Trammell Crow Co. represented the borrower and Jack Cheng of Barings represented the lender in the financing. Located at 1268 E. Grant Line Road, Tracy 205 Logistics Center offers 606,343 square feet of Class A distribution space spread across 29.3 acres. Developed by Trammell Crow Co. in 2023, the property features a clear height of 40 feet, 4,000 amps of power, 103 dock doors and ample car and trailer parking.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Clearwater Underway on Development of 100-Unit Senior Living Community in Los Angeles

by Amy Works

LOS ANGELES — Clearwater Living is currently underway on the development of a new, 100-unit senior living community in the Beverly Grove neighborhood of Los Angeles.  Upon completion, the property will total 100 studio, one- and two-bedroom apartments across seven stories, including assisted living, memory care and short-term residences. Amenities at the community, dubbed The Leonard on Beverly, will include a movie theater, rooftop terrace, restaurant, private dining space and exhibition kitchen. The development will also feature 7,000 square feet of medical office space and a 6,000-square-foot synagogue.  The community is scheduled to begin move-ins in fall 2025. This marks Clearwater Living’s 13th community. 

Continue Reading
FacebookTwitterLinkedinEmail
RightSpace-Storage-Spanish-Fork-UT.jpg
AcquisitionsIndustrialSelf-StorageUtahWestern

Marcus & Millichap Arranges Sale of 364-Unit RightSpace Storage Facility in Spanish Fork, Utah

by Amy Works

SPANISH FORK, UTAH — Marcus & Millichap has arranged the sale of RightSpace Storage, a self-storage facility in Spanish Fork. Charles LeClaire and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap, along with Jordan Farrer of Marcus & Millichap, represented the seller and secured the New York-based buyer. Terms of the transaction were not released. Situated on 5.1 acres, RightSpace Storage offers 364 units and 47,900 net rentable square feet. Built in 2001, the property contains four single-story self-storage buildings with 313 outdoor drive-up units and 49 surface parking spaces. The facility also features a gated entry with digital keypad, a freestanding building with leasing office and onsite manager quarters, 24/7 video surveillance, asphalt driveways and units with metal roll-up doors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Alta Senior Living Acquires 162-Unit Seniors Housing Property in Sacramento, California

by Amy Works

SACRAMENTO, CALIF.— Alta Senior Living has acquired a 162-unit seniors housing community located in Sacramento. Alta purchased the property with joint venture partner Brasa Capital Management. Formerly known as The Village at Heritage Park, the property will be rebranded as Rose Arbor Village. Built in 2017, the community features independent living, assisted living and memory care residences. Alta plans to implement a repositioning strategy that includes upgrading amenities, strategic lease-up initiatives and enhancing resident engagement.  “We’re excited to add another full continuum community to our portfolio at an attractive basis well below replacement costs,” says Tomson Mukai, managing partner at Alta Senior Living.

Continue Reading
FacebookTwitterLinkedinEmail
Mountainside-Fitness-Queen-Creek-AZ
AcquisitionsArizonaDevelopmentRetailWestern

Mountainside Fitness Buys Land for Fitness Club Development in Queen Creek, Arizona

by Amy Works

QUEEN CREEK, ARIZ. — Scottsdale, Ariz.-based Mountainside Fitness has purchased a land parcel at the northwest corner of Combs and Gantzel roads in Queen Creek for the development of a new fitness club location. Slated to open in December 2025, the single-story, 42,000-square-foot Queen Creek Mountainside Fitness offer state-of-the-art equipment and more than 70 daily group fitness classes, as well as locker rooms and a childcare program. Mountainside Fitness currently operates 21 high-end clubs across metro Phoenix. Regan Amato of JLL represented Mountainside Fitness, while Rommie Mojahed of CRE8Advisors represented the undisclosed seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Pullman-Modern-Urban-Apts-Santa-Rosa-CA
CaliforniaLoansMultifamilyWestern

Phoenix Development Co. Receives $27.8M in Refinancing for Pullman Modern Urban Apartments in Santa Rosa, California

by Amy Works

SANTA ROSA, CALIF. — Phoenix Development Co. has received $27.8 million in refinancing for Pullman Modern Urban Apartments, a newly constructed multifamily community in Santa Rosa. Gary Mozer of IPA Capital Markets, a division of Marcus & Millichap, secured the 36-month, floating-rate nonrecourse loan, which features interest-only payments for the full term, on behalf of the borrower. Pullman Modern Urban Apartments offers 114 apartments spread across three residential buildings at 725 Wilson St., 755 Wilson St. and 85 8th St. The project is currently in lease-up with stabilization estimated toward the end of 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Liv-Sky-Cottages-Flagstaff-AZ
ArizonaDevelopmentMultifamilyWestern

Liv Communities Breaks Ground on 203-Unit Liv Sky Cottages in Flagstaff, Arizona

by Amy Works

FLAGSTAFF, ARIZ. — Liv Communities, in partnership with Wespac Residential and Vintage Partners, has broken ground on Liv Sky Cottages, a 203-unit multifamily property within Flagstaff’s Timber Sky master-planned community. Situated on 32 acres, Liv Sky Cottages will feature 117 one-bedroom, 35 two-bedroom and 51 three-bedroom residences, with 10 percent of the units reserved for individuals and families earning below the area median income. Community amenities will include a dog park, playground, garden beds, walking paths and gathering spaces for residents. Additionally, the property will offer bike storage, a compactor, electric vehicle chargers, three frisbee golf targets and a checker/chess area.

Continue Reading
FacebookTwitterLinkedinEmail
INOVA-Centennial-CO
ColoradoDevelopmentIndustrialWestern

United Properties Procures $20.1M JV Equity for 442,450 SF Industrial Project Near Denver

by Amy Works

CENTENNIAL, COLO. — Cushman & Wakefield served as the exclusive advisor to United Properties in the procurement of a $20.1 million joint venture equity investment for Phase I of INOVA, a Class A multi-tenant industrial project being constructed in Centennial. The planned 442,450-square-foot project will consist of five shallow-bay, rear-load industrial buildings on nearly 43 acres, with each building on a separate parcel. Phase I of INOVA will include a 141,480-square-foot building and a 113,770-square-foot building on individual parcels, totaling 255,250 square feet of industrial space. Phase II is currently planned to be two 93,600-square-foot front-park, rear-load buildings, totaling 187,200 square feet. The project also includes an additional vacant 5-acre pad site that can house a 43,700-square-foot freestanding building, which is being targeted for a build-to-suit user. Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group — Mountain West represented United Properties in the equity transaction. Tyler Smith, Alex Rhodes and Aaron Valdez of Cushman & Wakefield provided local advisory services for the assignment and will represent the venture in leasing the project.

Continue Reading
FacebookTwitterLinkedinEmail
MM-Loan-Retail-Center-Rancho-Cucamonga-CA
CaliforniaLoansRetailWestern

Marcus & Millichap Arranges $19M Refinancing for Retail Center in Rancho Cucamonga, California

by Amy Works

RANCHO CUCAMONGA, CALIF. — Marcus & Millichap has arranged a $19 million loan through its affiliate, BA Debt Fund LLC, to refinance a shopping center located in Rancho Cucamonga. Bolour Associates provided the loan. The 106,000-square-foot property, which was 99 percent leased at the time of financing, is anchored by a Smart & Final grocery store. Preston Davey of Marcus & Millichap arranged the loan on behalf of the borrower.

Continue Reading
FacebookTwitterLinkedinEmail
1555-Burke-Ave-San-Francisco-CA
AcquisitionsCaliforniaIndustrialWestern

MCA Realty Buys 40,000 SF Multi-Tenant Industrial Building in San Francisco

by Amy Works

SAN FRANCISCO — MCA Realty has acquired a multi-tenant industrial building located at 1555 Burke Ave. in San Francisco for $11 million. The firm purchased the building with its MCA Realty Industrial Growth Fund II from a San Francisco-based private investor in an off-market transaction. MCA Realty plans to implement a capital improvement program at the 40,000-square-foot building. Planned exterior upgrades include new paint, concrete repairs, roof overlay, modern landscaping, identity signage and exterior fencing. Interior improvements include office refreshes, new carpet/ceiling tiles and bathroom fixtures, LED lighting, painting and insulation of the warehouse. The building features 16 condominium units featuring 18-foot clear heights, grade-level loading, well-designed ingress/egress and efficient warehouse and office layouts. At the time of sale, the property was 94 percent leased to 15 tenants. Jim Farris of JMF Capital represented the buyer, while Karl Hansen of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts