Tuesday, March 17, 2026
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AVA-North-Hollywood-Los-Angeles-CA
AcquisitionsCaliforniaMultifamilyWestern

AvalonBay Communities Divests of AVA North Hollywood Multifamily Property in Los Angeles for $62.1M

by Amy Works

LOS ANGELES — AvalonBay Communities has sold AVA North Hollywood, a multifamily community in the NoHo Arts District of Los Angeles. Prime Residential acquired the asset for $62.1 million, or $393,077 per unit. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 2015, AVA North Hollywood features 156 apartments with full appliance packages, washers/dryers and private patio areas. Most apartments have nine-foot ceilings and loft-style units have 14-foot ceilings. Common-area amenities include a swimming pool and spa, clubroom, sky deck, leasing office, movement studio, cybercafé and business center. The property also offers 11,000 square feet of ground-floor retail space, which is fully occupied by four eateries, a Pilates studio and a massage and spa center.

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The-Clarendon-Woodland-Hills-CA
CaliforniaLoansMultifamilyWestern

AMCAL Housing Receives $101M Refinancing for The Clarendon Apartments in Los Angeles

by Amy Works

LOS ANGELES — Santa Monica-based Gortikov Capital has arranged a $101 million loan on behalf of AMCAL Housing for the refinancing of The Clarendon, a Class A apartment property in the Woodland Hills neighborhood of Los Angeles. Developed in 2020, The Clarendon offers 335 apartments with in-unit washers/dryers, Nest-controlled central cooling and heating, keyless entry and walk-in closets. Community amenities include a resort-style pool and spa, basketball court, state-of-the-art fitness center with yoga and spin rooms, and a business center. Bryan Gortikov of Gortikov Capital led the capital markets team that secured the two-year, floating-rate senior bridge loan through a U.S.-based debt fund.

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Innovate48-Phoenix-AZ
ArizonaDevelopmentIndustrialWestern

Ryan Cos., Alidade Capital Break Ground on Innovate48 Industrial Park in Phoenix

by Amy Works

PHOENIX — A joint venture between Ryan Cos. and Alidade Capital has broken ground on Innovate48 Industrial Park, located at the southeast corner of 48th and Washington streets in Phoenix. Slated for completion in second-quarter 2025, Innovate48 will feature a 163,000-square-foot Class A industrial facility. The development will offer 25 dock-high doors, 18 trailer stalls, four grade-level doors and a fully secured concrete truck court. Additionally, the fully air-conditioned building will feature LED lighting and a 3,500-square-foot speculative office suite. Ryan Cos. is the developer and builder on the project. Butler Design Group is serving as architect of record. JLL’s Steve Larsen, Pat Harlan, Kyle Westfall and Jason Moore are handling marketing and leasing for the project.

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K14-Campus-Flats-Eugene-OR
AcquisitionsLoansMultifamilyOregonStudent HousingWestern

JLL Provides Acquisition Financing for K14 Campus Flats Student Housing Near the University of Oregon

by Amy Works

EUGENE, ORE.  — JLL has provided an undisclosed amount of acquisition financing for K14 Campus Flats, a student housing community located across the street from the University of Oregon campus in Eugene.  Patricia Heminger, Dan Kearns, Stephen VanLeer, Rebecca Brielmaier, Sam Tarter and Merrick Evans of JLL worked on behalf of the borrower, Waterway Family Funds, to place the 10-year acquisition financing with Freddie Mac. JLL Real Estate Capital will service the loan. The seller in the transaction was not disclosed. Located at 1414 Kincaid St., K14 Campus Flats offers 45 units in two-, three- and four-bedroom configurations. The property was fully leased at the time of sale. Shared amenities include a community courtyard, lounge, grilling station and onsite bicycle storage.

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4923-W-38th-Ave-Denver-CO
AcquisitionsColoradoRetailWestern

Pinnacle Real Estate Advisors Brokers Sale of 5,885 SF Retail Building in Denver

by Amy Works

DENVER — Pinnacle Real Estate Advisors has arranged the sale of a 5,885-square-foot retail building located at 4923 W. 38th Ave. in Denver. The asset traded for $1.5 million. Levi Saxen and Keith Lenz of the Sandberg Monette Team of Pinnacle Real Estate Advisors facilitated the transaction for the undisclosed buyer and seller.

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Oasis-Commerce-Center-Las-Vegas-NV
IndustrialMarket ReportsNevadaWesternWestern Market Reports

Southern Nevada Industrial Continues to Attract, Retain Globally Recognized Businesses

by Jeff Shaw

— By Greg Tassi, vice chair, and Jason Griffis, senior director, Cushman & Wakefield — Southern Nevada continues to distinguish itself through economic diversity. Sports and entertainment, along with a robust industrial real estate market, play a key role in keeping Las Vegas relevant. Formula 1 Racing, the MSG Sphere, MLB’s Athletics and recent discussions around a potential NBA expansion team add to the local excitement. Meanwhile, a compelling industrial real estate market continues to attract and retain globally recognized businesses.  The industrial segment in the Las Vegas Valley remains a safe bet for national developers and institutional capital partners, many of which have a healthy appetite to either enter the market or expand their holdings. Land scarcity is the primary barrier to entry for new groups entering the market. Infill sites have become increasingly scarce with very few parcels of more than five acres suitable for industrial development.  The bulk of the new inventory will continue to push to the periphery of the Valley, including Sloan and Jean to the south, El Dorado Valley to the southeast and Apex to the north — home to Prologis’ recent 879-acre purchase. Henderson’s recently annexed El Dorado Valley attracted attention with a …

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Home2-Suites-Phoenix-AZ
AcquisitionsArizonaHospitalityWestern

Anish Hotels Group Sells Home2 Suites by Hilton Phoenix Downtown for $43.3M

by Amy Works

PHOENIX — Anish Hotels Group has completed the disposition of Home2 Suites by Hilton Phoenix Downtown to Chatham Lodging Trust for $43.3 million, or $293,000 per room. Chatham funded the purchase using proceeds from recent asset sales and available cash. Located at 125 E. Jackson St., the six-story hotel features 148 guest rooms and is connected to the historic Fuller Paint Company Building, which offers a customized reception area, guest lobby, 1,200 square feet of meeting space and a signature food and beverage outlet. Island Hospitality Management will manage the hotel. Carter Gradwell, Jennifer Bergamo and Rick Rush of CBRE represented the seller in the deal.

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45-Enterprise-Aliso-Viejo-CA
AcquisitionsCaliforniaOfficeWestern

MicroVention Acquires 242,706 SF Office Building in Aliso Viejo, California for $42.2M

by Amy Works

ALISO VIEJO, CALIF. — MicroVention, a neuroendovascular medical device company, has purchased 45 Enterprise, a nine-story office building in the Orange County city of Aliso Viejo. An undisclosed seller sold the asset for $42.2 million, or $183 per square foot. Built in 2007 and renovated in 2022, the 242,706-square-foot building was vacant at the time of sale. The property features open floorplates, an onsite cafeteria, conference and meeting rooms, premier building signage and a parking ratio of 4.6 spaces to every 1,000 rentable square feet. Carol Trapani and Allison Kelly of CBRE represented the buyer in the deal.

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VT-101-Glendale-AZ
ArizonaDevelopmentIndustrialWestern

VanTrust Real Estate Breaks Ground on 750,000 SF Industrial Park in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — VanTrust Real Estate has broken ground on the first phase of VT 101, a 48-acre, three-building, 750,000-square-foot industrial park in Glendale, just northwest of Phoenix. The first phase will include two 156,000-square-foot, Class A industrial buildings, slated for delivery in April 2025. The buildings will offer office suites, HVAC and LED lighting. The project team includes Butler Design Group as architect, Layton Construction as general contractor and JLL’s Pat Harlan and Kyle Westfall as leasing agents.

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The-Falls-at-Canyon-Rim-South-Ogden-UT
AcquisitionsMultifamilyUtahWestern

TruAmerica Buys 288-Unit The Falls at Canyon Rim Apartments in South Ogden, Utah

by Amy Works

SOUTH OGDEN, UTAH — Los Angeles-based TruAmerica Multifamily has purchased The Falls at Canyon Rim, an apartment property in South Ogden, approximately 25 miles north of Salt Lake City. Terms of the transaction were not released. The Falls at Canyon Rim offers 288 one-, two- and three-bedroom apartments averaging nearly 1,200 square feet. Community amenities include a swimming pool, year-round hot tub, 24-hour fitness center, barbecue grills, two playgrounds, basketball courts, tennis courts, recreation rooms and a dog park. Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the deal.

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