FAIRFIELD, CALIF. — The Picklr has signed a lease to open an 18,500-square-foot facility at 1574 Gateway Blvd. in Fairfield. Slated to open in May, the location will be The Picklr’s second Northern California facility. The Picklr Fairfield will offer seven pickleball courts, including one championship court, AI-powered coaching technology, league play, tournaments and drop-in play opportunities. Additional amenities will include a pro shop, grab-and-go food-and-beverage options, private event spaces, locker rooms and showers, outdoor surfacing areas and court reservations. John Brecher of JLL represented The Picklr in the lease negotiations. Founded in 2021, The Picklr is a membership-based indoor pickleball club concept designed to provide high-quality courts for players of all levels.
— By Rebecca Lloyd of Cushman & Wakefield — Salt Lake City’s industrial market ended 2025 in a transitional period defined by rising vacancy, shifting demand across product types, and heightened activity in both peripheral submarkets and the owner‑user segment. Overall vacancy climbed to 7.9 percent, driven by more than 8.5 million square feet of new warehouse/distribution deliveries since early 2024, nearly half of which remain available. This is particularly apparent in the North West submarket, which continues to dominate the region’s industrial footprint. Despite this supply influx, tenant demand held firm with 5.9 million square feet of new leasing activity recorded in 2025. Absorption remained steady across small and mid-sized facilities, with monthly net asking rents remaining stable at $0.80 to $0.81 per square foot. Smaller 10,000- to 100,00-square-foot buildings posted the tightest availability at 6 percent vacancy, while larger big box properties over 100,000 square feet saw vacancy rise to 15.7 percent, widening the performance gap between segments. Land scarcity, power constraints and elevated development costs continue to limit opportunities in core Salt Lake submarkets, forcing more tenants and developers to pivot toward Utah County. This is where a sizeable 4-million-square-foot proposed development pipeline is helping narrow …
MONUMENT, COLO. — Legacy Development Partners has acquired a 30-acre site at the northeast quadrant of Interstate 25 and Baptist Road in Monument, approximately 20 miles north of Colorado Springs, for the development of Legacy at Jackson Landing. Construction will commence immediately, with a grand opening scheduled for October 2027. Upon full build-out, Legacy at Jackson Landing will offer more than 225,000 square feet of retail and restaurant space. Target is slated to anchor the property. Other proposed tenants include Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Legacy at Jackson Landing is being developed through a strategic partnership with The Garrett Cos. Equity for the development was sourced with the assistance of Texas-based Telis Group, and Bank of Texas provided construction financing.
HANFORD, CALIF. — Dwight Capital has closed a $23 million HUD 223(f) refinance loan for Berkshire Crossing, a multifamily community in Hanford. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the transaction on behalf of the borrowers, Fresno Supreme and Santa Lucia Ventures. The loan proceeds will be used to refinance existing debt on the property, provide the borrower with cash-out and 35-year fully amortizing, fixed-rate financing. Completed in 2022, Berkshire Crossing offers 92 garden-style one-, two- and three-bedroom floor plans spread across four residential buildings. Units feature stainless steel appliances, ceiling fans, walk-in closets and private patios and balconies. Community amenities include a swimming pool, spa, fitness center, package lockers and a community clubhouse.
PUYALLUP, WASH. — Great Expectations SPC has purchased Addison Grove, a multifamily development site at 17753 78th Ave. East in Puyallup. Terms of the transaction were not disclosed. Dylan Simon, JD Fuller and Elijah Piper of Kidder Mathews’ Simon | Anderson multifamily team represented the undisclosed seller and procured the buyer in the deal. Addison Grove is a shovel-ready opportunity planned for 102 apartments. The property’s location will serve the area’s employment base, which includes industrial and logistics tenants, healthcare facilities and proximity to Joint Base Lewis-McChord. Great Expectations is a social purpose corporation with a focus on delivering affordable housing targeted to families within the local community. Social purpose corporations are for-profit entities designed to pursue profit and specific social and environmental issues.
LAS VEGAS — Kisco Senior Living has announced plans to develop a new seniors housing property in Summerlin, a master-planned community located in Las Vegas. Upon completion, the property will feature independent living, assisted living and memory care units. “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed spaces, exceptional food, genuine hospitality and the security of knowing care is available if and when they need it — all on a simple rental basis with no buy-in required.” Additional details will be disclosed as planning advances.
LOS ANGELES — Raintree Partners has completed the sale of Axiom Westwood, a four-building student housing portfolio adjacent to University of California, Los Angeles (UCLA), to a private multifamily investor for $62.6 million. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built between 1962 and 1967, Axiom Westwood offers 153 units featuring dual-pane windows, full-size kitchens and air conditioning, with select units offering vaulted ceilings, fireplaces and patios or balconies. Axiom Westwood features controlled access, laundry facilities, elevators, two swimming pools, three gas barbecue grills and gated and covered parking.
SEATTLE — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed the disposition of Corner 63 Apartments to an undisclosed buyer for $59.3 million. Located at 6300 9th Ave. NE. in Seattle’s Roosevelt neighborhood, Corner 63 features a mix of studio, one- and two-bedroom apartments. Onsite amenities include a rooftop terrace, fitness center, coworking lounge, dog run area and secured parking. The seven-story, mid-rise property was built in 2023. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller in the transaction.
LOS ANGELES — Mosaic Investment Partners has completed Tessera, a $56 million student housing development located at 1069 West Exposition Blvd. near the University of Southern California campus in Los Angeles. The seven-story community offers 250 beds across 53 fully furnished units in studio through four-bedroom configurations. Shared amenities include a 6,000-square-foot rooftop sky deck with a resort-style pool, open-air dining areas, lounge space, fire pits and a dedicated pet park; and a second-floor amenity deck with barbecue areas, outdoor lounges and an indoor-outdoor fitness center. The property also offers study spaces on various floors. The development team for the project included SVA Architects, Sorensen Architects, Oakwood Development Group and Alpha Construction. JLL Capital Markets secured joint venture equity and mezzanine financing from HC2 Capital for the development, alongside a senior construction loan from Calmwater Capital.
HENDERSON, NEV. — LaPour has broken ground on Black Mountain Commerce Center, a Class A industrial condominium project in Henderson. Located at 835 W. Warm Springs Road, the 146,000-square-foot facility will offer for-sale units ranging from 21,125 square feet to full-building opportunities. Black Mountain Commerce Center will features a clear height of 28 feet, dock-high and grade-level loading, ESFR fire sprinkler systems, R-38 insulation, HVAC-ready warehouse with LED lighting and 4,000 amp, 277/480-volt, 3-phase power. The development will include 166 parking spaces, 16 EV-capable stalls and outdoor tenant amenity areas with access to nearby hiking and biking trails. Sean Zaher and Tyce O’Neill of CBRE are handling leasing and marketing for the project.