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Valara-Henderson-NV
DevelopmentMultifamilyNevadaSeniors HousingWestern

Investcor Plans 244-Unit Luxury Senior Living Project Near Las Vegas

by Amy Works

HENDERSON, NEV. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans.  Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, an indoor/outdoor bar, gardening programs, educational classes, a movie theater, two fitness centers, a steam room and sauna with an outdoor pool, recreation and activity programming and a pet spa.  Development and investment firm Investcor’s current portfolio totals over $1.6 billion in real estate projects across the hospitality, residential, mixed-use and senior living sectors. 

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Cedarbrook-Senior-Living-Tigard-OR
LoansMultifamilyOregonSeniors HousingWestern

PLG Provides $25.6M C-PACE Financing for Seniors Housing Development in Oregon

by Amy Works

TIGARD, ORE. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower.  Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds.  PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project also includes a $41.6 million construction loan and mini-perm mortgage provided by Columbia Credit Union.  STEELE Associates Architects is the architect for Cedarbrook Senior Living, and Mosaic Construction is serving as the general contractor. Mosaic Management will operate the property upon opening. 

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Village-Business-Park-Buena-Park-CA
CaliforniaLoansOfficeWestern

Bolour Associates Originates $22.2M Refinancing for Village Business Park in Buena Park, California

by Amy Works

BUENA PARK, CALIF. — Bolour Associates, through its affiliate BA Debt Fund LLC, has provided a $22.2 million, 24-month office refinancing loan for Village Business Park in Buena Park. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability. CBRE represented the borrower in the financing. Spanning 144,000 square feet, the two-story buildings are located at 7000 and 7001 Village Drive. The multi-tenant buildings are currently 82 percent occupied. The property offers large and open floor plans, a generous 6:1,000 parking ratio and suites with immediate courtyard access for indoor and outdoor use.

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Vistas-Villa-Bella-Pueblo-CO
ColoradoLoansMultifamilyWestern

Brinkman Real Estate Refinances 102-Unit Vistas at Villa Bella Multifamily Property in Pueblo, Colorado

by Amy Works

PUEBLO, COLO. — JLL Capital Markets has arranged a $15.4 million, five-year Fannie Mae loan for the refinancing of Vistas at Villa Bella located at 2195 Alamosa Drive in Pueblo. The borrower, Brinkman Real Estate, has completed a renovation of all 102 units. Updates include new flooring, paint, cabinets, countertops and fixtures. The sponsor also upgraded building exteriors, landscaping and renovated the clubhouse. Vistas at Villa Bella was built in 2009. JLL’s team was led by Director Rob Bova. “This refinancing allows Brinkman Real Estate to optimize their capital structure while continuing to enhance this well-positioned asset in Pueblo’s growing multifamily market,” Bova said.

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4268-N-Varsity-Ave-San-Bernardino-CA
AcquisitionsCaliforniaRestaurantRetailWestern

SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

by Amy Works

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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AcquisitionsColoradoMultifamilySeniors HousingWestern

Morgan Stanley Purchases Seniors Housing Portfolio in Metro Denver for $305M

by Amy Works

DENVER — Investment funds managed by Morgan Stanley Real Estate Investing (MSREI) have acquired a seniors housing portfolio for $305 million. Kayne Anderson was the seller. Totaling 463 units, the portfolio features three communities located near Denver.  “We are pleased to acquire this high-quality portfolio of seniors housing communities, which has demonstrated strong historical performance,” says Will Milam, head of U.S. investments at MSREI.  “As people age, their real estate needs evolve, and as the first baby boomers are turning 80 this year, demand for seniors housing is rising rapidly. We expect this sector to grow nearly 5 percent annually over the next five years as this population cohort expands.” MorningStar will continue to operate the communities on behalf of the new ownership.  Funds managed by MSREI currently have an ownership interest in approximately 30 senior living communities comprising 3,000 units across the United States.  

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Topanga-Gateway-Woodland-Hills-CA
AcquisitionsCaliforniaRetailWestern

Space Investment Acquires Topanga Gateway Shopping Center in Woodland Hills, California for $64M

by Amy Works

WOODLAND HILLS, CALIF. — Space Investment Partners has acquired Topanga Gateway, a 123,402-square-foot grocery-anchored retail center located in Woodland Hills for $64 million. Built in 1963 and renovated in 2024, the open-air center was 97 percent leased at the time of sale. Topanga Gateway is home to several tenants including Ralphs, The Container Store, Petco, Chipotle Mexican Grill, Baskin-Robbins, Noah’s NY Bagels and FedEx. Eastdil Secured represented the buyer and the seller, a private investor, in the transaction.  The purchase of Topanga Gateway follows Space Investment’s $118.5 million acquisition of Fullerton Metrocenter, a 395,703-square-foot dual-grocery-anchored center located at 1375 Harbor Blvd. in Fullerton.

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The-Springs-at-Sunnyside-Portland-OR
AcquisitionsLoansMultifamilyOregonSeniors HousingWestern

JLL Arranges Sale, Financing of 87-Unit Seniors Housing Community in Portland

by Amy Works

PORTLAND, ORE. — JLL Capital Markets has completed the sale and financing of Morningstar at Happy Valley, an assisted living and memory care property in Portland. Confluent Development sold the property to Harrison Street, in partnership with The Springs Living, for an undisclosed price. The buyer will rebrand the 87-unit property as The Springs at Sunnyside. The Springs Living will operate the asset. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Dan Baker, Jim Dooley and Dean Ferris of JLL represented the seller. Alanna Ellis of JLL led the financing efforts on behalf of the buyer. JLL secured a five-year acquisition loan with Huntington National Bank for Harrison Street. Built in 2019, The Springs at Sunnyside offers 61 assisted living units across a mix of studios, one- and two-bedroom units in addition to 26 private memory care units. The three-story building features all-day restaurant-style dining, a 24-hour bistro, chapel, theater, library, general store, massage room, outdoor courtyards, barbecue and fire pits, beauty salon, fitness room and raised garden beds. Onsite services include wellness programs and activities, a full-time licensed nurse, 24-hour care staff and scheduled transportation.

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Signal-Hill-Commerce-Center-Signal-Hill-CA
AcquisitionsCaliforniaIndustrialWestern

DRA Divests of Signal Hill Commerce Center in California for $24M

by Amy Works

SIGNAL HILL, CALIF. — DRA has completed the sale of Signal Hill Commerce Center, a portfolio of three industrial properties spread across four buildings in Signal Hill. An out-of-state, high-net buyer acquired the portfolio for $24 million, or $268 per square foot. The properties are located at 2698 Junipero, 2300 Walnut and 2700 Rose avenues. Michael Longo, Eric Cox, Grant Goldman, Mark Shaffer, Anthony DeLorenzo and Brian Held of CBRE represented the seller, while Greg Grant and Pete Obradovich of CBRE’s Debt & Structured Finance organized the funding. Totaling 89,438 square feet on 4.3 acres, the portfolio is 87 percent leased to 46 tenants with unit sizes ranging from 1,250 square feet to 4,176 square feet. All four buildings feature a 24-foot clear height and between 12 and 20 ground-level doors.

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AcquisitionsArizonaMultifamilyStudent HousingWestern

Campus Invesco Buys Wildcat Canyon Village Student Housing Property in Tucson for $8M

by Amy Works

TUCSON, ARIZ. — Campus Invesco has acquired Wildcat Canyon Village, a student housing community located at 1050 E. 8th St. in Tucson, from Federal Home Loan Mortgage Corp. (Freddie Mac) for $8 million. Originally built in 1968, Wildcat Canyon Village features 76 units, totaling 128 beds. The property includes a value-add component offering the potential to expand to 164 beds through strategic unit conversions. Onsite amenities include a swimming pool, basketball court, picnic area with barbecue grills and a coffee bar. Additionally, the community features controlled access, package lockers, a laundry facility and free resident parking. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller in the deal.

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