Western

Edward Homes Development Breaks Ground on 120,000 SF Medical Office Park in Gilbert, Arizona

by Amy Works December 10, 2025

GILBERT, ARIZ. — Edward Homes Development has broken ground on Melrose Professional Park, a Class A medical and office condominium park on the southeast corner of S. Rome and E. Melrose streets in Gilbert. Tom Weinhold, Sheila Bale and Erika Eckblad of Cushman & Wakefield are handling sales efforts for the project. Upon completion, the 120,000-square-foot asset will feature eight approximately 10,000-square-foot and two 20,000-square-foot medical condominium buildings, offering units ranging from approximately 5,000 square feet to 20,000 square feet. The first delivery is scheduled for April 2026, with phased completion through December 2026. Melrose Professional Park is designed as a single-story, 10-building mixed-use office property. The development will offer designated patient drop-off areas, generator pad accessibility, exterior-loaded buildings and planned building signage. Each unit will be delivered in shell condition with HVAC curbs, allowing for customized build-outs.

December 10, 2025

Four-Seasons-Private-Residences-Las-Vegas-NV

Development Hospitality Loans Nevada Top Stories Western

Concord Summit Arranges $781M in Construction Financing for Four Seasons Private Residences Las Vegas

by Amy Works December 10, 2025

HENDERSON, NEV. — Concord Summit Capital (CSC) has secured $781 million in construction financing for The Four Seasons Private Residences Las Vegas. Two Roads Development, Azure Resorts & Hotels and Luxus Developments are the borrowers. The full capital stack for the project’s vertical construction includes a $526 million senior loan from J.P. Morgan and $255 million in mezzanine and preferred equity from Sculptor Real Estate and Morning Calm Management. Kevin O’Grady and Tyler Beauregard of CSC served as exclusive advisors to the developers. Four Seasons Private Residences will consist of 171 condominium units and 21 custom-built single-family homes within MacDonald Highlands, a gated enclave in the foothills of Henderson, a city southeast of Las Vegas. Construction is underway, with completion slated for mid-2027. Residences will range from two to five bedrooms, all with views of the Las Vegas Strip. Wimberly Interiors is the interior architect for the project. The property will include roughly 90,000 square feet of Four Seasons amenities, including three outdoor pools and a high-end gym. Wolfgang Puck Fine Dining Group will operate an onsite restaurant. Additionally, the Four Seasons Private Residences features a first-of-its-kind collaboration with RH Contract, a division of luxury lifestyle brand and retailer RH, formerly …

December 10, 2025

Development Multifamily Oregon Student Housing Western

CRG, Kenter Capital Break Ground on 491-Bed Chapter Alder Student Housing Community Near University of Oregon

by Amy Works December 9, 2025

EUGENE, ORE. — CRG and Kenter Capital have broken ground on Chapter Alder, a 15-story student housing property adjacent to the University of Oregon in Eugene. Located at the intersection of 13th Avenue and Alder Street, Chapter Alder will offer 491 beds in 133 fully furnished units in a mix of studio, one-, two-, four- and five-bedroom floor plans. Each residence will feature tech-forward finishes, stainless steel appliances, in-unit laundry and high-speed internet. Slated for delivery ahead of the fall 2027 academic term, the property will feature private and group study spaces, a fitness center, multiple outdoor social areas and a rooftop terrace with a hot tub and cold plunge, as well as an elevated outdoor patio with fire pits and grilling stations. Additionally, the property will offer secure parking, ample bike storage and 2,000 square feet of first-floor retail space. LJC, a subsidiary of CRG’s parent company, Clayco, designed the property.

December 9, 2025

Acquisitions Build-to-Rent Colorado Single-Family Rental Western

McWhinney Acquires Red Hawk Crossings Build-to-Rent Community in Castle Rock, Colorado

by Amy Works December 9, 2025

CASTLE ROCK, COLO. — McWhinney has purchased Red Hawk Crossings, a build-to-rent townhome property at the Wolfensberger Road and Prairie Hawk Drive intersection in Castle Rock. Terms of the acquisition were not released. Built in 2015, Red Hawk Crossings features 60 three-bedroom/2.5-bath townhomes with direct-access two-car garages. McWhinney plans to implement a renovation program and operational enhancements. Asset Living will provide property management services for the asset.

December 9, 2025

Development Nevada Restaurant Retail Western

Six Retail, Restaurant Tenants to Open at The Cliff in Metro Las Vegas

by Amy Works December 9, 2025

HENDERSON, NEV. — A partnership between Partners Capital Inc. and CAST has announced the first wave of tenants for The Cliff, a 100,000-square-foot retail development located in Henderson, roughly 15 miles outside Las Vegas. Retail and restaurant concepts including The Taco Stand, Killer Whale Creamery, Lyte House, The Barista Botanist and Next Health, along with new anchor tenant Arhaus, are anticipated to open by late 2026. Construction is set to begin in early 2026. Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff is anticipated to open in fall 2026 and will be Henderson’s first retail development in more than 20 years, according to the development team.

December 9, 2025

Acquisitions Arizona Office Western

Cushman & Wakefield Arranges $10M Sale of Hayden Corporate Center in Scottsdale, Arizona

by Amy Works December 9, 2025

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Hayden Corporate Center, a two-story office building located at 8283 N. Hayden Road in Scottsdale. Hayden Corporate Center LLC sold the asset to Revelation RE, with Bret Anderson as principal, for $10 million. The multi-tenant property consists of two wings adjoined by a two-story central lobby. Hayden Corporate Center features floor plates of 27,500 square feet, narrow bay depths and ample window lines. The new ownership plans to renovate the exterior and interior, as well as upgrading several major building systems.

December 9, 2025

Acquisitions Arizona Net Lease Retail Western

CBRE Brokers $8.4M Sale of 7-Eleven Ground Lease in Flagstaff, Arizona

by Amy Works December 9, 2025

FLAGSTAFF, ARIZ. — CBRE has arranged the ground-lease sale of a single-tenant retail property located at 1010 N. Country Club Drive in Flagstaff. Viking Properties VII LLC, a California-based farming family, acquired the asset for $8.4 million. Ben Farthing and Owen Littrell of CBRE represented the sellers, two Tucson-based private capital investors, in the all-cash transaction. 7-Eleven occupies the property on an absolute triple-net lease with 12 years remaining. The site includes 12 fueling stations, a car wash and a convenience store.

December 9, 2025

Acquisitions Company News Hawaii Industrial Office Retail Top Stories Western

Joint Venture to Acquire Alexander & Baldwin in $2.3B Deal, Take Hawaiian Company Private

by John Nelson December 9, 2025

HONOLULU — A joint venture formed by locally based MW Group Ltd. and funds affiliated with Blackstone Real Estate (NYSE: BX) and DivcoWest has entered into a definite merger agreement with Alexander & Baldwin Inc. (NYSE: ALEX), a Honolulu-based owner-operator of shopping centers and other commercial real estate properties. The deal is valued at $2.3 billion, inclusive of outstanding debt, and would take Alexander & Baldwin private. The joint venture plans to acquire all outstanding shares of Alexander & Baldwin for $21.20 per share in an all-cash transaction. The company’s stock price closed last week at $15.22 per share, giving the acquisition price a nearly 40 percent premium. Alexander & Baldwin is the largest owner of grocery-anchored shopping centers in Hawaii. The firm’s overall portfolio spans approximately 4 million square feet and includes 21 retail centers, 14 industrial assets and four office properties, as well as fee interests in 146 acres of ground lease assets. Upon closing of the deal, which is scheduled for the first quarter of 2026, Alexander & Baldwin will become a privately held company but will retain its Honolulu headquarters and maintain its name and brand. The new investment group has announced it will invest $100 million …

December 9, 2025

Acquisitions California Industrial Western

Overton Moore Properties Buys 525,756 SF Warehouse in San Bernardino, California

by Amy Works December 8, 2025

SAN BERNARDINO, CALIF. — Overton Moore Properties has acquired a warehouse located at 890 E. Mill St. in San Bernardino from a Brookfield-based fund for an undisclosed price. Jeffrey Cole, Jeff Chiate, Rick Ellison, Matthew Leupold, Aubrie Monahan and Kristen Schottmiller of Cushman & Wakefield’s Industrial Advisory Group represented the seller in the deal. Rob Rubano and Brian Share of Cushman & Wakefield arranged acquisition financing for the buyer. Situated in the Inland Empire East submarket, the 525,756-square-foot warehouse is fully leased to a high-quality tenant with 4.5 years of remaining lease term. The building features a cross-dock design, 192 dock-high loading doors, fully air-conditioned warehouse space and 771 trailer parking stalls on 29 acres of excess land.

December 8, 2025

Acquisitions Colorado Multifamily Seniors Housing Western

SLIB Brokers Sale of 445-Bed Skilled Nursing, Assisted Living Portfolio in Colorado

by Amy Works December 8, 2025

FORT COLLINS AND WINDSOR, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing and assisted living portfolio in Colorado. Located in Fort Collins and Windsor, the portfolio totals 445 beds and 269,105 square feet across the buildings. A Chicago-based REIT acquired the portfolio from the local seller. A Utah-based operator will manage the properties on behalf of the new ownership. Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of SLIB brokered the transaction on behalf of the seller.

December 8, 2025

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