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AcquisitionsColoradoRetailWestern

Thompson Ranch Development Sells Retail Center in Aurora, Colorado for $5.2M

by Amy Works

AURORA, COLO. — Thompson Ranch Development Co. has completed the $5.2 million sale of Tower Pavilions, a fully leased retail center in Aurora. The name of the buyer was not released. Located at 3571 S. Tower Road, Tower Pavilion features 11,029 square feet of retail space fully leased to eight tenants, including Jersey Mike’s Subs, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.

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AcquisitionsColoradoMultifamilyWestern

Seminole Real Estate Fund Buys Denver Apartment Complex for $125.6M

by Amy Works

DENVER — Seminole Real Estate Fund has acquired Raleigh at Sloan’s Lake, a multifamily community in Denver, from Hines for $125.6 million, or approximately $504,417 per unit. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller in the transaction. Delivered in 2020, Raleigh at Sloan’s Lake features 249 studio, one- and two-bedroom apartments averaging 994 square feet. The residences offer stainless steel appliances, gas ranges, floor-to-ceiling windows and large walk-in closets. Community amenities include the Sky Lounge rooftop patio and lounge, a dining room and full kitchen, as well as a resort-style pool and fitness center, coworking spaces and a pet spa. Additionally, the property features 4,192 square feet of ground-floor retail space, which is fully leased to Livewell Animal Hospital.

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The-Quincy-Kierland-Scottsdale-AZ
AcquisitionsArizonaMultifamilyWestern

Embrey Sells 266-Unit Multifamily Property in Scottsdale, Arizona for $110M

by Amy Works

SCOTTSDALE, ARIZ. — Embrey has completed the disposition of The Quincy at Kierland, an apartment community in Scottsdale, to Stockdale Capital Partners for $110 million, or $414,474 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Completed in 2024, The Quincy at Kierland offers 266 apartments with high ceilings, engineered hardwood flooring, separate laundry rooms and smart-home technology. Community amenities include a centralized courtyard with a swimming pool and spa and a fitness center with indoor and outdoor accessibility.

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AcquisitionsCaliforniaLoansMultifamilySeniors HousingWestern

Berkadia Arranges Sale, Financing of Two Seniors Housing Communities in Southern California

by Amy Works

SAN DIEGO AND LOS ANGELES — Berkadia has arranged the sale and financing of two senior living communities located in Southern California. Situated within suburbs of San Diego and Los Angeles, respectively, the properties include an 84-unit assisted living community and a 72-unit memory care community. Together, the communities were roughly 90 percent occupied at the time of financing.  Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia brokered the sale on behalf of the seller, a private owner. Ed Williams and Steve Muth of Berkadia secured acquisition financing through Berkadia’s proprietary lending group on behalf of the undisclosed buyer. The bridge-to-HUD loans feature interest-only payments for 24 months.

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7863-7877-Girard-Ave-San-Diego-CA
AcquisitionsCaliforniaRetailWestern

CBRE Brokers $10.2M Ground Lease Sale of La Plaza La Jolla in San Diego

by Amy Works

SAN DIEGO — CBRE has arranged the sale of La Plaza La Jolla, a multi-tenant retail ground lease located at 7863-7877 Girard Ave. within La Jolla Village in San Diego. A private family office acquired the asset from La Plaza Investment for $10.2 million. Built in 1986 and renovated in 2015, the 28,866-square-foot property is fully leased to a mix of restaurant, boutique and experiential tenants. Michael Peterson, Reg Kobzi and Jimmy Slusher of CBRE represented the seller in the transaction.

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6315-S-Rainbow-Blvd-Las-Vegas-NV
AcquisitionsNevadaRetailWestern

Avison Young Negotiates $6.6M Sale of 18,000 SF Retail Building in Las Vegas

by Amy Works

LAS VEGAS — Avison Young has facilitated the sale of an 18,000-square-foot retail property located at 6315 S. Rainbow Blvd. in Las Vegas. A Las Vegas-based private trust sold the asset to Syndicate MMA, a mixed martial arts gym and property tenant since 2019, for $6.6 million. Syndicate MMA occupies 15,000 square feet of the building, with a salon and medical practice occupying the remaining space. Hillary Steinberg and Corina Towle of Avison Young represented the seller, while Kevin Jacobson of Iron Will LLC represented the buyer in the deal.

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AcquisitionsArizonaLoansMultifamilyWestern

CBRE Secures $45.6M in Acquisition Financing for Coral Point Apartments in Mesa, Arizona

by Amy Works

MESA, ARIZ. — CBRE has arranged $45.6 million in financing on behalf of InTrust Property Group for the acquisition and renovation of Coral Point Apartments in Mesa. Shaun Moothart, Doug Birrell, Bruce Francis, Bob Ybarra, Nick Santangelo, Anna Britt and Amber Coleman of CBRE secured the three-year, floating-rate loan, which features full-term interest-only payments and two extension options. Brightspire Capital was the lender. Situated on 15.9 acres, Coral Point comprises 24 two-story buildings offering a total of 377 apartments. Community amenities include three swimming pools, two spas, a clubhouse and business center, a fitness center, outdoor barbecue areas and a play area. The sponsor’s value-add strategy includes plans to install washers and dryers in every unit, refresh exteriors and activate amenities.

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AcquisitionsArizonaMultifamilySeniors HousingWestern

DEM Purchases 55 Resort Scottsdale Active Adult Property in Arizona for $32.7M

by Amy Works

SCOTTSDALE, ARIZ. — Los Angeles-based DEM Inc. has purchased 55 Resort Scottsdale, an active adult community in Scottsdale, from Dallas-based Velocis Edison McCormick JV LP for $32.7 million. Matt Roach, Chris Roach, Brad Cooke and Cindy Cooke of the Cooke Multifamily Team at Colliers handled the transaction. Located at 9449 N. 90th St. within the McCormick Ranch master-planned community, the three-story 55 Resort Scottsdale offers 102 core active adult units averaging 671 square feet. Apartments feature quartz countertops, tiled showers with benches, full-sized washers/dryers and private patios or balconies. Community amenities include a resident lounge, community bar and fireplace within the Club House, a fitness center, wellness studio and space for group yoga, fitness and health-related programs. Additional amenities include a resort-style heated pool and spa, an outdoor firepit, outdoor lounge areas, a rooftop deck, community library, business center, clubroom, dog wash station and bike wash. The property also offers carports for residents, as well as electric vehicle charging stations. The property was completed in 2025.

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AcquisitionsIdahoIndustrialWestern

Walseth Investment Co. Acquires 115,008 SF Industrial Facility in Nampa, Idaho

by Amy Works

NAMPA, IDAHO — Walseth Investment Co. has acquired Building B at Madison Logistics Center, a three-building logistics center in Nampa, from a regional developer for an undisclosed price. Situated on 5.9 acres at 16685 Madison Road, the 115,008-square-foot Building B features 5,000 square feet of office space, a clear height of 32 feet, 28 dock-high doors, four grade-level doors, 155 parking stalls and 2,000 amps and 480V 3-phase power. The facility, which was completed in 2023, offers divisible suite options for tenant flexibility. Michael McNeight and Devin Ogden of Colliers represented the seller and are leading leasing efforts for the property. Nick Viscount of Keystone Mortgage arranged debt financing with a life company lender for the buyer.

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Shattuck-Plaza-Berkeley-CA
AcquisitionsCaliforniaRetailWestern

Flying Horse Investments Buys 29,187 SF Shattuck Plaza in Northern California, Plans Renovation

by Amy Works

BERKELEY, CALIF. — Flying Horse Investments LLC (FHI) has acquired Shattuck Plaza, a 29,187-square-foot, street-front retail property located in downtown Berkeley, with plans to renovate the center. Renovations will include lease-ready storefronts on the 17,767-square-foot ground-level. The building’s 11,430-square-foot lower-level space will also be reactivated to feature community-serving tenants, such as fitness, education and wellness concepts. The renovation is expected to begin immediately, with FHI targeting approximately six to nine months for initial building upgrades and another six to nine months for tenant build-outs, subject to permitting and city approvals. D-Scheme Studio and Aecore Inc. will lead the redevelopment, while Pegasus Asset Management will oversee property and construction management. The Econic Co. will handle leasing for the property. Bolour Associates financed the acquisition and Pegasus Capital Markets served as debt advisor for the transaction. Nicolas Bicardo of Newmark represented the seller, Hill Street Realty (HSR), which originally acquired the property in October 2012. In March 2021, following a condominium adjustment that formally separated the retail portion from the movie theater and office components of the property, HSR sold the latter portion of the property to Article Student Living, while retaining ownership of the retail frontage.

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