Western

Creation, LGE Design Build Complete 144,885 SF Industrial Facility in Tempe, Arizona

by Amy Works February 11, 2026

TEMPE, ARIZ. — Creation, as developer, and LGE Design Build, as architect and general contractor, have completed Source Business Center, a Class A industrial facility in Tempe. Situated on 15 acres at the southeast corner of Warner Road and Hardy Drive, the 144,885-square-foot Source Business Center features a clear height of 32 feet, extensive power and an expansion 6 acres of contiguous yard space to support flexible storage and vehicle parking. Designed to accommodate up to two tenants, the property provides 204 parking spaces, including eight electric vehicle charging spaces, as well as bicycle parking and separate pedestrian paths. Creation developed the facility with CrossHarbor Capital Partners as an investor.

February 11, 2026

Acquisitions Arizona Industrial Western

IndiCap, Invesco Sell 566,121 SF Building at Virgin Industrial Park Near Glendale, Arizona

by Amy Works February 10, 2026

WADDELL, ARIZ. — IndiCap and Invesco Ltd. have completed the disposition of a modern industrial facility located within Virgin Industrial Park in Waddell, an unincorporated community in Maricopa County, Ariz. An undisclosed buyer acquired the property for $90.6 million. VIP Industrial Holdings LLC holds the 566,121-square-foot asset, which is located at 15784 W. Hatcher Road. Marc Hertzberg, Riley Gilbert and Kelly Royle of JLL represented the sellers, while Sean Kropke, Michael Haenel and Justin Smith of Cushman & Wakefield represented the buyer in the deal.

February 10, 2026

California Development Multifamily Western

Cityview, Stockbridge Complete 265-Unit Multifamily Community in Gardena, California

by Amy Works February 10, 2026

GARDENA, CALIF. — Cityview and Stockbridge have completed Apollo, an apartment property located at 12888 Crenshaw Blvd. in Gardena. The project team includes Westport Construction, AC Martin, Nadia Geller Designs and MJS Landscape Architecture. The eight-story Apollo features 265 studio, one- and two-bedroom floor plans with full-size in-unit washers/dryers, luxury vinyl plank flooring, stainless steel appliances, quartz countertops, designer backsplashes, soft-close cabinetry, under-cabinet lighting and gas ranges. The units also include smart home systems, including thermostats and keyless entry, and smart lighting switches in select units. Additionally, some units offer floor-to-ceiling windows, private balconies and walk-in closets. Community amenities include community-wide high-speed internet and Wi-Fi connectivity, a pool, spa, terrace with lounge seating, an outdoor kitchen, a media and club room, an outdoor game deck, an indoor sports simulator, an indoor fitness center, an outdoor training deck and CV Works coworking space with high-speed Wi-Fi and tech-enabled workspaces. The property also features covered bike storage, electric vehicle charging stations, a parcel room, controlled access parking and a pet-friendly playground and wash station.

February 10, 2026

California Development Industrial Self-Storage Western

Buchanan Street Partners Breaks Ground on 760-Unit Self-Storage Facility in Scotts Valley, California

by Amy Works February 10, 2026

SCOTTS VALLEY, CALIF. — Buchanan Street Partners has broken ground for the development of a climate-controlled self-storage facility situated on 2.6 acres at 10 Victor Square in Scotts Valley. Buchanan acquired the site for $5.2 million after 14 months of entitlement efforts and project due diligence. The property, which formerly housed a vacant 39,000-square-foot office/flex building, will be redeveloped into a three-story, 99,500-square-foot Class A self-storage facility offering 760 units. Demolition commenced in January, and completion of the project is slated for April 2027. The project team includes DAI General Contracting and Valli Architecture. East West Bank is providing construction financing for the project.

February 10, 2026

Acquisitions Colorado Retail Western

Cushman & Wakefield Arranges $13M Sale of Leetsdale Marketplace in Denver

by Amy Works February 10, 2026

DENVER — Cushman & Wakefield has brokered the sale of Leetsdale Marketplace, a 111,669-square-foot grocery-anchored retail center at 7150 Leetsdale Drive in Denver. Legacy Capital Partners sold the asset to a partnership led by Citivest Commercial for $13 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction.

February 10, 2026

Acquisitions California Restaurant Retail Top Stories Western

TMG, Bridges Capital Acquire 320,000 SF Metreon Shopping Center in Downtown San Francisco

by John Nelson February 10, 2026

SAN FRANCISCO —TMG Partners and equity partner Bridges Capital LLC have acquired Metreon, a 320,000-square-foot, vertically oriented shopping center in downtown San Francisco. Built in 1999, the retail and entertainment destination is anchored by Target and a 16-screen AMC Theatres that features the tallest IMAX screen in North America. Locally based TMG and Bridges Capital purchased the four-story property from Acore Capital in a deed-in-lieu transaction. The sales price was not disclosed. The City and County of San Francisco will continue to retain ownership of Metreon’s ground lease through at least 2082, according to the San Francisco Business Times. The news outlet also reported Acore Capital was the mortgage lender for Metreon on behalf of the previous owner, Starwood Capital Group. “This investment in Metreon is a powerful vote of confidence in our downtown recovery,” says San Francisco Mayor Daniel Lurie. “We’re grateful for [TMG’s] partnership as we work to accelerate San Francisco’s comeback.” Metreon is located at 135 4th St. at Mission in the city’s Yerba Buena neighborhood. The property includes City View at Metreon, a 31,000-square-foot events venue with floor-to-ceiling windows offering views of the San Franisco skyline. TMG will rebrand the venue and partner with Skylight, a …

February 10, 2026

Colorado Loans Retail Western

Stockdale Capital Partners Completes Recapitalization of 1.1 MSF Shops at Northfield Retail Center in Denver

by Amy Works February 9, 2026

DENVER — Stockdale Capital Partners, in collaboration with UBS’s Global Alternatives – Real Estate, has completed the recapitalization of The Shops at Northfield, an open-air lifestyle center in Denver. Situated on 87 acres, The Shops at Northfield offers 1.1 million square feet of retail, restaurant and entertainment space. Since purchasing the property in 2021, Stockdale has executed a series of initiatives, including securing entitlements for up to 1,500 multifamily units, reletting former anchor boxes to Wayfair and Life Time and completing approximately 350,000 square feet of new leases, including lululemon, Nike, Sephora and a national grocer.

February 9, 2026

California Development Industrial Loans Western

Newcastle Partners Receives $65.1M Construction Loan for 631,011 SF Ellis Avenue Logistics Center in Perris, California

by Amy Works February 9, 2026

PERRIS, CALIF. — Newcastle Partners has received $65.1 million in senior construction financing for the development of Ellis Avenue Logistics Center, an industrial project in Perris. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the floating-rate, five-year (inclusive of extensions) loan through Bank OZK for the borrower. The 631,0011-square-foot warehouse and distribution facility will feature a clear height of 40 feet, an ESFR sprinkler system, 87 dock-high doors, three grade-level doors, 205 trailer parking stalls and 176 auto parking stalls. Construction of the project, which is located at the intersection of Ellis Avenue and Case Road, is slated to commence in early 2026, with completion and stabilization projected for late 2026.

February 9, 2026

Acquisitions California Healthcare Western

County of Riverside Buys Two Medical Office Buildings in California for $53M

by Amy Works February 9, 2026

RIVERSIDE COUNTY, CALIF. — The County of Riverside has acquired two fully leased medical office buildings in Riverside County for a combined total of $53 million. The asset, located at 8876 Mission Blvd. in Jurupa Valley, Calif., sold for $25 million, and the property at 2813 S. Main St. in Corona sold for $28 million. Jurupa Valley Community Health Center is a single-story, 40,000-square-foot medical outpatient building built in 2019. The property is fully leased to the County of Riverside, dba Riverside University Health System (RUHS), under a long-term lease. RUHS also fully occupies the two-story, 45,204-square-foot Corona Community Health Center, which was built in 2018. Travis Lee, Gino Lollio and Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team represented the undisclosed seller in the transactions.

February 9, 2026

Acquisitions California Multifamily Seniors Housing Western

Broadview Real Estate Partners Sells 100-Unit Seniors Housing Community in North Tustin, California

by Amy Works February 9, 2026

NORTH TUSTIN, CALIF. — Broadview Real Estate Partners has completed the sale of Clearwater at North Tustin, a seniors housing property in North Tustin, to Health Wave Partners for an undisclosed price. Aaron Rosenzweig and Dan Baker of JLL’s Seniors Housing Capital Markets team represented the seller and procured the buyer in the transaction. JLL’s Debt Advisory team arranged acquisition financing on behalf of the buyer through a large national bank. Built in 2001, Clearwater at North Tustin consists of two acuity-specific, single-story buildings offering assisted living and memory care. Onsite amenities include restaurant-style dining, an outdoor amphitheater, music garden, salon and spa, an art studio, a wellness center, dog park and four distinct resident courtyards. The community is situated on 6.6 acres at 11901 Newport Ave.

February 9, 2026

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