AVONDALE, ARIZ. — Crescent Communities has broken ground on HARMON Ascend, a build-to-rent multifamily community in Avondale. Situated on West Indian School Road, HARMON Ascend will feature 125 three- and four-bedroom, two-story townhomes featuring individual two-car garages. The property is slated to welcome its first residents in spring 2026. HARMOND Ascend will offer charcoal grills, green spaces, lawn games and more to foster community engagement. The project team includes Heitman LLC as account manager, Atwell and Kimley-Horn as civil engineers, BSB Design as architects and Mosaic as general contractor.
VALENCIA, CALIF. — CBRE has negotiated the sale of an industrial property located at 28218-28230 Constellation Road in Valencia. Watercress Holdings acquired the asset from 28230 Constellation LLC for $13.6 million. At the time of sale, approximately 23,000 square feet of the 60,474-square-foot building was vacant, while the remaining space is occupied by long-term tenants SCP Pool and Scooter’s Jungle. Watercress Holdings plans to make significant investments in the property, including upgrades to the exterior, roof, common areas and a complete remodel of the vacant unit. Sam Glendon of CBRE represented the seller in the deal.
BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit apartment property located at 3541-3545 Big Dalton Ave. in Baldwin Park from HP Big Dalton for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community offers two-bedroom floor plans, with 50 percent of the units designed as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.
QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are currently underway for most of the remaining spaces. The Switchyard will open in phases, with the first phase slated to deliver in mid-2026. Dallas-based GFF Design is the project’s architect, and LGE Design Build will lead the construction. “The Switchyard represents Queen Creek’s first true walkable, mixed-use development, marking a milestone in the town’s continued growth and evolution,” remarked David Sellers, co-founder of Creation. “With construction now underway, we’re eager to see this place come to life, seamlessly blending retail, dining, office spaces, apartments and a vibrant outdoor environment.” As part of the groundbreaking event for The Switchyard, the development team donated $25,000 to Ryan House, a nonprofit organization that …
CHANDLER, ARIZ. — New York-based TGM has purchased Ocotillo Bay, an apartment property in Glendale, from an undisclosed national fund manager for $90.5 million. The transaction marks TGM’s entry into the Phoenix market. TGM Communities will manage the community, which has been renamed as TGM Ocotillo Bay. Built in 1997, the 296-unit property features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, fireplace, barbecue and covered seating area; a resident clubhouse with business center and TV seating area; and a fitness center with weight training and cardio equipment, as well as a separate yoga/spin room. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal.
GLENDALE, ARIZ. — Wespac Construction has completed Marbella Northern Parkway Phase 1, a LEED-certified industrial development in Glendale. Developed by Panattoni Development Co. and designed by Ware Malcomb, the master-planned industrial park will offer six buildings spread across 51 acres. The first phase includes three tilt-panel buildings totaling 445,000 square feet. Each building features two storefront entrances and a north-facing speculative suite, as well as docking sides with automatic ramp-up doors, dock doors with mechanical levelers and designated semi-truck parking.
SEATTLE — LPC West, in partnership with Perkins & Will as architect and designer and GLY as general contractor, has completed Gateway Building, a 13-story, transit-oriented office property in Seattle. The 266,000-square-foot building is situated atop the U District light rail station and two blocks from the University of Washington’s Seattle campus. The University of Washington’s administration departments occupies floors two through seven, spanning 135,000 square feet, with the remaining floors dedicated to other tenants. Gateway Building features 3,000 square feet of ground-floor retail space, a two-story lobby, second-floor conference center, bike storage and shower rooms, as well as outdoor spaces, including a rooftop terrace, green roof with a 60 kW photovoltaic array and a public pocket park at the corner of Brooklyn Avenue NE and NE 43rd Street.
SANTA ANA, CALIF. — Storm Properties, a subsidiary of Torrance, Calif.-based Storm Industries, has acquired an industrial outdoor storage (IOS) property in Santa Ana from an undisclosed seller for $5.9 million. Located at 4320 W. 1st St. and 201 S. Mountain View St., the 2.5-acre site features an 11,300-square-foot industrial building and a large and fully fenced concrete yard. The building offers 800 amps of 120/208 volt power, ground-level loading, 16-foot ceiling clearance, as well as infrastructure for food-related operations, such as a walk-in closet and freezer and two commercial ice-making towers. Storm Properties has retained Scott Read of Newmark to market the currently vacant facility for lease.
LAS VEGAS — Northcap Commercial has brokered the sale of Nellis Gate Apartments, a multifamily property located at 4340 N. Las Vegas Blvd. in Las Vegas. Built in 2002, Nellis Gate Apartments offers 50 units. The asset traded for $4.5 million, or $90,000 per unit. Jerad Roberts, Devin Lee and Robin Willett of Northcap Commercial represented the undisclosed buyer in the deal. The name of the seller was not released.
SACRAMENTO, CALIF. — USA Properties Fund, in partnership with LDK Ventures, has completed The A.J., a $130 million mixed-income apartment property within The Railyards in Sacramento. The apartment community is named after A.J. Stevens, a community leader and legendary Southern Pacific master mechanic who worked in The Railyards in the 1870s and 1880s. Stevens oversaw the building of Southern Pacific’s locomotives and retail cars in The Railyards. Today, The Railyards is an infill development that will include live entertainment, shops and restaurants, as well as a Kaiser Permanente medical center and a new soccer stadium for Sacramento Republic FC. Located at 251 6th St., The A.J. features 345 apartments, including 69 affordable homes for residents earning 50 percent or less of the area median income, with stainless steel appliances, quartz countertops, two-tone cabinets, ceiling fans, rainfall showerheads and walk-in closets. Ground-floor apartments feature stained concrete floors while units on the other four floors will feature carpet and wood-plank floors. Apartments will also feature smart-lock access, smart thermostats and the ability to check on deliveries and visitors from screens in the units. Community amenities include a 24/7 fitness center; a sky lounge with a rooftop observation deck with fire tables, gas …