Western

Phoenix Commercial Advisors Negotiates Sale of 20,325 SF Pecan Plaza Shops in Queen Creek, Arizona

by Amy Works May 6, 2026

QUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot. Built in 2022, the 20,325-square-foot asset was fully leased at the time of sale. The asset is located at the northwest corner of Ellsworth and Riggs roads. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller. The name of the buyer was not released. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial Advisors.

May 6, 2026

California Development Industrial Loans Oregon Washington Western

IPA Capital Markets Secures $116.5M Construction Loan for Pacific Northwest Industrial Property

by Amy Works May 5, 2026

LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.5 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest. Gary Mozer and Lee Norman of IPA secured the financing on behalf of a national real estate development investment firm specializing in the acquisition, development and management of commercial real estate. “The credit nature of the tenant allowed us to secure 95 percent loan-to-cost financing at a five-year, fixed rate of 5.28 percent,” said Mozer. “The loan includes yield maintenance prepayment terms, with the final six months open with no prepayment penalty.”

May 5, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

SLIB Arranges Sale of 540-Unit Seniors Housing Portfolio in Colorado

by Amy Works May 5, 2026

FORT COLLINS, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an eight-property seniors housing portfolio located in Colorado. A Fort Collins-based seller, which also served as the portfolio’s operator, sold the portfolio to a Tennessee-based REIT for an undisclosed price. Totaling 540 units, the communities are located in Fort Collins, Loveland and Windsor. An Oregon-based operator will manage the portfolio on behalf of the new ownership. Vince Viverito, Jason Punzel and Jeff Binder of SLIB represented the seller in the deal. SLIB previously brokered the sale of a five-community senior living portfolio on behalf of the seller. With this transaction, the seller has fully divested its 13-asset seniors housing portfolio.

May 5, 2026

Acquisitions California Retail Western

Brixton Capital Buys Escondido Gateway Shopping Center in Metro San Diego for $28M

by Amy Works May 5, 2026

ESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, Calif.-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at the time of sale. Brixton will focus its immediate efforts on leasing the two vacant retail suites.

May 5, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Brokers $20.2M Sale of El Dorado Apartments in Belmont, California

by Amy Works May 5, 2026

BELMONT, CALIF. — Marcus & Millichap has directed the sale of El Dorado Apartments, a multifamily community in Belmont. The assed traded for $20.2 million, or $518,910 per unit. Robert Johnston, Adam Levin and Arman Sadigh of Marcus & Millichap represented the undisclosed seller and procured the undisclosed buyer in the deal. Constructed in 1962, El Dorado Apartments features 39 units in a mix of one- and two-bedroom layouts. Unit interiors have been upgraded and select units have washers/dryers, dishwashers, stainless steel appliances, modern cabinetry and kitchen islands. Community amenities include a fitness center and private covered parking.

May 5, 2026

Acquisitions Colorado Company News Industrial New York Northeast Top Stories Western

Global Net Lease Agrees to Acquire Modiv Industrial in $535M Deal

by John Nelson May 5, 2026

NEW YORK CITY AND DENVER — Global Net Lease Inc. (NYSE: GNL), a New York City-based net lease REIT, has entered into a definitive merger agreement to acquire Modiv Industrial Inc. (NYSE: MDV), an industrial REIT based in Denver. The acquisition, which has been approved by the boards of directors for both companies, is valued at $535 million. Modiv Industrial owns and operates single-tenant industrial properties that are occupied by manufacturers on long-term net leases. According to the company, it is the only publicly traded REIT that exclusively focuses on ownership of manufacturing facilities. Recently announced transactions include Modiv acquiring a Fujifilm-occupied facility in Santa Clara, Calif., and agreeing to sell a facility in Melbourne, Fla., that is leased to Northrop Grumman. The merger deal will grow Global Net Lease’s holdings of mission-critical industrial properties. Though the number of properties involved was not released, multiple media outlets report that Modiv owned 39 industrial facilities at the time of sale. For Modiv, the transaction is expected to increase annual dividend payments by 25 percent for the combined company. No senior level executive changes are expected to occur as a result of the merger. Under terms of the all-stock transaction, holders of …

May 5, 2026

California Loans Multifamily Western

JLL Arranges $46.3M Refinancing for Multifamily Community in Long Beach, California

by Amy Works May 4, 2026

LONG BEACH, CALIF. — JLL Capital Markets has arranged $46.3 million in refinancing for 200 W. Ocean, a 106-unit multifamily community in downtown Long Beach. Jeff Sause, Jacob Michael and Thomas Gonzalez of JLL represented the undisclosed borrower in the financing. The property is an adaptive reuse of a former Class B office building that was redeveloped into a multifamily property atop a three-story subterranean garage. Delivered in August 2022, the community features an amenity deck with a pool and fireplaces, a fitness center and smart-entry features.

May 4, 2026

Development Multifamily Oregon Western

Joint Venture Breaks Ground on 369-Unit Apartment Community in Beaverton, Oregon

by Amy Works May 4, 2026

BEAVERTON, ORE. — High Street Residential, the residential subsidiary of Trammell Crow Co., along with joint venture partners SCOA Real Estate Partners and Lease Crutcher Lewis have broken ground for the development of a transit-oriented, mixed-use multifamily property in Beaverton. Slated for delivery in summer 2027, the project will replace a portion of the Cedar Hills Shopping Center and its underutilized surface parking. Situated on 5.8 acres between S.W. Wilshire Street and Park Way, the community will offer 369 apartments spread across three four- and five-story buildings and 5,040 square feet of ground-floor retail space. The studio, one-, two- and three-bedroom residences will range from 483 square feet to 1,528 square feet and feature contemporary floor plans. Onsite amenities will include an indoor/outdoor fitness area with a full spa, including an outdoor sauna and cold plunge, a residents-only speakeasy, sports bar, community greenhouse, sports simulator and a coworking area with conference rooms. Additionally, the property will offer direct access to Cedar Hills Crossing, proximity to Highways 26 and 217 and a short walk via a pedestrian bridge to the Sunset Transit Center. The project team includes LRS Architects, CID Design Group, Lango Hansen Landscape Architects, Humber Design Group, Froelich Engineers, Tenor …

May 4, 2026

Acquisitions California Office Western

BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

by Amy Works May 4, 2026

ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the deal.

May 4, 2026

California Healthcare Loans Western

Matthews Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in California

by Amy Works May 4, 2026

OXNARD, CALIF. — Matthews Capital Markets has secured a $22.5 million acquisition loan for a four-property medical office and regional center portfolio in Oxnard. Geoffrey Arrobio of Matthews Capital Markets handled the financing. The undisclosed borrower acquired the 193,066-square-foot portfolio at a 10 percent cap rate. Located at 1701 and 1801 Solar Drive, 1901 Rice Ave. and 2401 E. Gonzalez Road, the portfolio was 92 percent occupied at the time of sale. The borrower plans to execute a value-add business plan that includes expanding certain medical uses, interior building upgrades and implementing energy-efficient systems, including solar.

May 4, 2026

Newer Posts

Older Posts