Western

BLP Purchases Three-Building Industrial Portfolio in Fontana, California for $83.5M

by Amy Works July 22, 2025

FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a portfolio of three industrial buildings in Fontana for $83.5 million. The name of the seller was not released. Totaling 332,793 square feet, the portfolio includes a 100,039-square-foot asset at 14074 Rancho Court, a 57,654-square-foot property at 14019 Rose Ave. and a 175,100-square-foot building at 14928 Washington Drive. Each building features Class A specifications including 32-foot clear heights, secured all-concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems and LED lighting. The properties are fully leased and offer a weighted average lease term of more than two years.

July 22, 2025

Colorado Loans Multifamily Western

JLL Secures $27.2M Refinancing for 124-Unit Apartment Community in Denver

by Amy Works July 22, 2025

DENVER — JLL Capital Markets has arranged $27.2 million in refinancing for The Kenyon, a multifamily property at 777 E. 17th Ave. in Denver’s Uptown neighborhood. Kristian Lichtenfels and Mark Erland of JLL secured the financing for the borrower, the single-purpose joint venture entity of Corum Real Estate Group, ProspectHill Group and Geolo Capital. Delivered in May 2024, The Kenyon offers 124 studio, one- and two-bedroom apartments with 40 unique floor plans, including 27 balcony units and 17 split-level mezzanine units. Community amenities include a two-story fitness center, private work pods and a rooftop deck with grills.

July 22, 2025

Acquisitions Multifamily Washington Western

Nearon Enterprises Buys 72-Unit Briggs Village Multifamily Property in Olympia, Washington

by Amy Works July 22, 2025

OLYMPIA, WASH. — Nearon Enterprises has acquired Briggs Village, an apartment community in Olympia, from Glencrest Group for an undisclosed price. Situated in the 137-acre Briggs Village master-planned community, the asset features 72 apartments. The community was built in 2019. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer and facilitated the transaction.

July 22, 2025

Acquisitions California Retail Western

Progressive Real Estate Arranges $6.7M Sale of Peppertree Plaza Retail Property in Fresno, California

by Amy Works July 22, 2025

FRESNO, CALIF. — Progressive Real Estate Partners has brokered the sale of Peppertree Plaza, a shopping center in Fresno. A Bay Area private investor sold the asset to a Los Angeles-based private investor for $6.7 million. Greg Bedell of Progressive Real Estate Partners represented the seller in the all-cash transaction. Located at 2745-2787 W. Shaw Ave., Peppertree Plaza features 51,000 square feet of retail space spread across five shop and pad buildings. At the time of sale, the property was 87 percent leased. Current tenants include Outback Steakhouse, Deli Delicious, Marion’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and State Bank of India.

July 22, 2025

Acquisitions Colorado Retail Western

Gart Properties Acquires 48,351 SF Edwards Corner Retail Center in Vail Valley, Colorado

by Amy Works July 22, 2025

VAIL VALLEY, COLO. — Gart Properties has purchased Edwards Corner, a neighborhood center at 56 Edwards Village Blvd. in Vail Valley, from Edwards Corner LLC for an undisclosed price. Built in 2004, Edwards Corner features 48,351 square feet of retail space and is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the deal.

July 22, 2025

Colorado Loans Multifamily Western

Dwight Mortgage Trust Provides $43M Bridge Loan for Avian Apartments in Colorado Springs

by Amy Works July 21, 2025

COLORADO SPRINGS, COLO. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $43 million bridge loan to refinance Avian, a multifamily community in downtown Colorado Springs. Avian features 148 apartments, a parking garage, resort-style pool, gym and work-from-home lounges. Brandon Baksh and Talisse Thompson of Dwight Capital originated the loan for the sponsor, Jackson Dearborn Partners. Dwight closed the loan upon issuance of the initial Temporary Certificate of Occupancy. Proceeds were used to repay the project’s construction loan and fund transaction-related costs.

July 21, 2025

Acquisitions Multifamily Washington Western

CBRE Negotiates $25.5M Sale of Multifamily Property in Spokane Valley, Washington

by Amy Works July 21, 2025

SPOKANE VALLEY, WASH. — CBRE has negotiated the $25.5 million sale of Village on Broadway, an apartment property in Spokane Valley. Josh McDonald, Joe Nydahl and Jordan Louie of CBRE represented the undisclosed seller in the transaction. The name of the buyer was also not released. Located at 12623 E. Broadway Ave., Village on Broadway offers 148 one-, two- and three-bedroom units with in-unit washers/dryers. Community amenities include covered parking, a community garden, dog park, playground and a community barbecue area. The property was built in 1996.

July 21, 2025

Acquisitions Arizona Multifamily Seniors Housing Western

Stellar Senior Living Acquires 152-Unit Community in Marana, Arizona

by Amy Works July 21, 2025

MARANA, ARIZ. — Stellar Senior Living has acquired La Sonora at Dove Mountain, a seniors housing community located in Marana, roughly 20 miles northwest of Tucson. Totaling 152 units, the property features independent living, assisted living and memory care residences. The seller and sales price were not disclosed. Stellar Senior Living, which was founded in 2011, is headquartered in Salt Lake City.

July 21, 2025

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Arranges $3.2M Sale of Warehouse in Santa Fe Springs, California

by Amy Works July 21, 2025

SANTA FE SPRINGS, CALIF. — Lee & Associates has arranged the sale of a warehouse and industrial building at 8528 Dice Road in Santa Fe Springs. J.O.R. Real Estate LLC sold the asset to Van Stone Conveyor for $3.2 million. The 12,591-square-foot property features 1,500 square feet of office space, a 2/1,000 parking ratio, 16-foot clearance height and 800 amps of power, as well as a secured yard. Additionally, the asset was sold with a tenant in place under a lease through Oct. 31, 2025. Phillip DeRousse of Lee & Associates – Orange handled the transaction.

July 21, 2025

Acquisitions Colorado Office Western

Unique Properties/TCN Worldwide Brokers Sale of 16,122 SF Office Building in Denver

by Amy Works July 21, 2025

DENVER — Unique Properties Inc./TCN Worldwide has arranged the sale of an office and warehouse property at 4825 N. Oakland St. in Denver. The asset traded for $2.1 million. Greg Knott and Earl Duffy of Unique Properties Inc./TCN Worldwide represented the seller and buyer in the deal. The names of the seller and buyer were not released.

July 21, 2025

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