Western

Willmeng Construction Delivers 28,272 SF Mesa Gateway Library in Arizona

by Amy Works February 13, 2026

MESA, ARIZ. — Willmeng Construction, as general contractor, has completed Mesa Gateway Library, the first public library to be built in Mesa in 30 years. Located at 5036 S. Eastmark Parkway, the 28,272-square-foot library features a THINKspot makerspace, three video conferencing rooms, a digital art display wall and a dedicated sensory room for the Certified Autism Center, which uses trauma-informed design to select lighting and materials for neurodiverse populations. White Baux Studio designed the interior space. Designed by Richärd Kennedy Architects, the facility features an open market concept unified by a folded roof and a ceiling finished with wood planks.

February 13, 2026

Arizona Market Reports Restaurant Retail Western Western Market Reports

Phoenix Net Lease Retail Demand Holds Strong

by John Nelson February 13, 2026

— By Walt Brown Jr. of Diversified Partners — Metro Phoenix continues to post strong retail market conditions, supported by expansion-ready corridors, dense and established trade areas, sustained population growth and retail sites positioned at major intersections with strong traffic counts. Even with shifting capital markets and more disciplined underwriting, retail remains one of the metro’s more consistent performers heading into 2026. A defining constraint today is the limited availability of well-located, credit-tenant triple-net product for sale. This is particularly true in “A” locations within “A” trade areas. That scarcity is keeping competition elevated for stabilized assets and reinforcing pricing for deals that offer clean income, durable tenancy and long-term visibility. At the same time, demand for credit-tenant, triple-net transactions remains strong across Arizona, with Metro Phoenix continuing to attract a meaningful share of that activity. A key driver has been capital migration and reinvestment from higher-cost Western markets, including owners selling assets in California and the Pacific Northwest and redeploying proceeds into Phoenix-area retail. For many buyers, the appeal is straightforward: growth, demographics and a business climate that supports continued tenant expansion. On the development side, the market remains supply constrained at the top end of quality. Across the …

February 13, 2026

Acquisitions Multifamily Washington Western

Integral NW Sells Allegro Lynnwood Multifamily Property in Washington for $77.5M

by Amy Works February 12, 2026

LYNNWOOD, WASH. — Integral NW has completed the disposition of Allegro Lynnwood, an apartment community located at 16525-16605 Ash Way in Lynnwood. The Housing Authority of Snohomish County acquired the asset for $77.5 million. Bryon Rosen, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, Dylan Roeter, David Karson and Chris Moyer of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Allegro Lynnwood features 240 studio, one- and two-bedroom apartments delivered in two phases — Allegro Ash Creek in 2019 and Allegro at The Woods in 2025. Community amenities include a resort-style outdoor pool and spa, a fitness center, resident clubhouse with social and work-from-home spaces, a dog park, secure underground parking and lofted ceilings in select homes.

February 12, 2026

Arizona Build-to-Rent Loans Single-Family Rental Western

JLL Secures $64.3M in Financing for Two Build-to-Rent Communities in Metro Phoenix

by Amy Works February 12, 2026

LITCHFIELD PARK AND GOODYEAR, ARIZ. — JLL Capital Markets has arranged a total of $64.3 million for the refinancing of two build-to-rent communities in metro Phoenix. Through ORIX Corp., the JLL team secured $33.1 million for the 153-unit Villas Litchfield in Litchfield Park and $31.2 million for the 151-unit Villas Goodyear in Goodyear. The borrower was an affiliate of Blue Vista Capital Management and Family Development. Delivered in 2025, units at the properties include enclosed backyards with green turf lawns, stainless steel appliances, island kitchens with quartz countertops, wood plank-style flooring and in-unit washers and dryers. Community amenities include pools, 24-hour athletic centers, expansive dog parks with no breed or weight restrictions, organic community gardens with citrus trees, electric vehicle charging stations and grill stations with stainless steel grills. Greystar manages both properties.

February 12, 2026

Colorado Development Multifamily Western

Livmark Communities, Kensington Development Commence Residential Phase of Link 56 in Denver

by Amy Works February 12, 2026

DENVER — Livmark Communities and Kensington Development have started the construction of Stellar at Link 56, the first residential phase of Link 56, a master-planned, mixed-use project in Denver’s northeast corridor. Situated within a 15 to 20-minute walk from the 61st & Peña light rail station, Stellar at Link 56 will feature 215 apartments spread across 13 buildings. The unit mix will include two- and three-bedroom garden-style, walk-up apartments and two-story carriage house-style townhomes. Community amenities will include a resort-style pool and hot tub, a fitness room, yoga studio, sauna, golf simulator, outdoor grilling areas, fire pits and a dog spa. At full build-out, Link 56 will feature 1,900 residential units, 250,000 square feet of commercial space and 27 acres of parks and open space.

February 12, 2026

California Industrial Loans Western

PSRS Arranges $4.5M Refinancing for Industrial Property in Irvine, California

by Amy Works February 12, 2026

IRVINE, CALIF. — PSRS has arranged $4.5 million in refinancing for Armstrong Industrial, a light industrial building in Irvine. The 26,195-square-foot property is situated within a larger industrial park and features 105 parking spaces. The undisclosed borrower intends to implement a value-add business plan to convert the facility into a RV and self-storage property. Michael Tanner and David Sarnoff of PSRS secured the nonrecourse loan through a debt fund execution, providing a two-year, interest-only term.

February 12, 2026

Acquisitions California Office Top Stories

GANMI Corp. Acquires Two Downtown San Diego Office Properties Totaling 707,623 SF

by Hayden Spiess February 12, 2026

SAN DIEGO — Golden Columbia, a real estate investment platform sponsored by locally based GANMI Corp., has completed the acquisition of two Class A office properties in downtown San Diego. Together, the buildings total 707,623 square feet. The sales price was not disclosed, but The San Diego Union-Tribune reports the properties traded for $103.5 million. The newspaper also reports that the seller, Regent Properties, purchased the two buildings for a combined $223.5 million in June 2021. The properties include One Columbia Place, a 27-story office tower located at 401 W. A St., and Two Columbia Place, a 12-story office building located at 1230 Columbia St. One Columbia Place comprises 556,943 square feet, and Two Columbia Place spans 150,680 square feet. According to a statement issued by GANMI Corp., long-term plans for One and Two Columbia Place include repositioning the properties into an “experience-driven workplace destination designed to support tenants, employees and the broader downtown ecosystem.” Enhancements at the buildings will be implemented in phases. “People don’t come back to the office for desks alone — they come back for energy, community and convenience,” says Casey Gan, CFO of GANMI Corp. “Our mission at Columbia Place is to build a complete workplace experience by …

February 12, 2026

Arizona Development Industrial Western

CapRock Partners Completes 3.4 MSF CapRock West 202 Logistics Project in Phoenix

by Amy Works February 11, 2026

PHOENIX — CapRock Partners has completed CapRock West 202 Logistics, a 3.4 million-square-foot industrial warehouse complex in central Phoenix. The final phase of the infill development features 825,000 square feet of Class A space spread across three buildings on 43 acres in the Southwest Phoenix submarket. Located at 675 N. 55th Ave, Phase 2 includes Building F (301,771 square feet), Building G (295,586 square feet) and Building H (227,107 square feet). The facilities feature clear heights ranging from 32 feet to 36 feet and a combined 139 dock-high doors. The project completion coincides with CapRock securing a 1.1 million-square-foot lease for Building C, the largest building within the project, to an undisclosed corporate tenant. As part of Phase 1, Building C is a cross-dock facility with a clear height of 40 feet, 159 dock-high doors, four drive-in ramp doors, 500 auto parking stalls and 279 trailer parking stalls. Currently 85 percent occupied, Phase 1 features five buildings totaling 2.5 million square feet across 140 acres. Payson MacWilliam, Don MacWilliam, Chris Reese and Casey Koziol of Colliers represented CapRock in the Building C lease transaction and are handling all leasing efforts for CapRock West 202 Logistics.

February 11, 2026

California Industrial Leasing Activity Western

TireHub Leases 404,725 SF Warehouse in San Bernardino, California

by Amy Works February 11, 2026

SAN BERNARDINO, CALIF. — TireHub, a national tire distributor created by The Goodyear Tire & Rubber Co. and Bridgestone Americas, has signed a lease to occupy 404,725 square feet of industrial warehouse space at 1089 E. Mill St. in San Bernardino. Singapore-based Mapletree owns and manages the property, along with more than 66 million square feet of industrial assets across the United States. Kenneth Andersen and Rick John of Daum Commercial Real Estate Services, alongside Steve Provencio of Mapletree, represented Mapletree in the transaction.

February 11, 2026

Acquisitions California Office Western

Newmark Arranges $24.4M Sale of Office Property in Costa Mesa, California

by Amy Works February 11, 2026

COSTA MESA, CALIF. — Newmark has brokered the sale of 1901 Newport Boulevard, a three-story office property in Costa Mesa. A private, high-net-worth investor acquired the asset from an undisclosed seller for $24.4 million. Paul Jones, Ryan Plummer, Brandon White, Kevin Shannon and Ken White of Newmark represented the seller in the deal. Originally developed in 1985 and renovated in 2001, the 134,387-square-foot asset features a three-style atrium, custom marble flooring, open-air courtyards and seven fountains. Situated on 4 acres, the building is currently 85 percent occupied by a variety of tenants, including medical offices, traditional office users and retail.

February 11, 2026

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