Western

Marcus & Millichap Arranges $6.7M Sale of 28-Unit Multifamily Property in San Francisco

by Amy Works June 19, 2026

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit multifamily property in San Francisco. A private family trust sold the asset to local value-add investors for $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco of Marcus & Millichap’s San Francisco office represented the seller and procured the buyer in the transaction. Built in 1926, the 17,500-square-foot property is situated on a 0.3-acre parcel at the intersection of 8th Avenue and Irving Street. The unit mix includes 14 one-bedroom units, 11 two-bedroom units, three studios and four accessory dwelling units. According to Marcus & Millichap, the buyer plans to renovate all 28 units.

June 19, 2026

Market Reports Multifamily Nevada Western Western Market Reports

Las Vegas’ Multifamily Market Enters a New Demand Era as Supply Normalizes

by John Nelson June 19, 2026

— By Justin Neubeck of CBRE — Las Vegas is approaching an important turning point in its multifamily cycle. After several years of elevated construction, the market is now moving beyond its peak delivery period. The region completed about 7,071 units in 2023 — the highest total in more than 20 years. This was followed by 5,247 units in 2024 and 6,302 units in 2025. Deliveries are expected to decline again in 2026, to roughly 5,334 units. Meanwhile, 2027 deliveries areprojected to return to the 30-year average of about 3,500 units, including the 3,321 units currently scheduled. This shift marks the beginning of a more balanced supply environment. At the same time, the region continues to attract new residents at levels that outpace the national average. Clark County reached a population of about 2.4 million in 2024, an increase of 2.1 percent from 2023. It is projected to grow to more than 2.9 million by 2040, and to surpass 3 million by 2045. Southern Nevada also welcomed more than 40,000 new residents in 2025 alone. Nearly 47 percent came from California. This included 14,200 from Los Angeles County and thousands more from Orange County, San Diego and the Bay Area. …

June 19, 2026

Acquisitions Arizona Development Industrial Western

Scannell Properties Buys 129 Acres in Buckeye, Arizona for Development of Summit Logistics Center

by Amy Works June 18, 2026

BUCKEYE, ARIZ. — Scannell Properties has acquired 129 acres at the northwest corner of Southern Avenue and Rooks Road in Buckeye from Scottsdale-based Arizona Land Consulting for the development of Summit Logistics Center. The sales price was $32.5 million. Mike Haenel, Andy Markham, Phil Haenel, Foster Bundy, Justin Smith and Jordan Sims of Cushman & Wakefield represented the buyer and seller in the transaction. Brian Lee of Cushman & Wakefield also represented the seller. Scannell Properties plans to break ground on Phase I of the project in the third quarter. The first phase will comprise a 1.1 million-square-foot industrial facility designed for large-scale logistics and distribution users. The building will feature 40-foot clear heights, 3,500 square feet of office space, 240 dock-high doors and four ground-level doors.

June 18, 2026

Development Retail Utah Western

Asana Partners Invests $25M for Redevelopment of Retail Center in Salt Lake City

by Amy Works June 18, 2026

SALT LAKE CITY — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot retail center located in the East Bench neighborhood of Salt Lake City. The center, which is anchored by grocer Dan’s Fresh Market, features a new central plaza, open-air breezeways, six new tenants and two levels of retail shops. New tenants that will be joining the property later this year include Magnolia Bakery, Zao Asian Café and MD Hyperbaric. JD Flannel Donuts, Mo’ Bettahs and fitness concept [solidcore] have already opened at the center. The final phase of construction, which will be executed in partnership with Salt Lake City in order to connect the center to Curtis Park, will be completed this month.

June 18, 2026

Acquisitions Colorado Multifamily Student Housing Western

Transwestern Brokers $16.7M Sale of 262-Bed Student Housing Community in Greeley, Colorado

by Amy Works June 18, 2026

GREELEY, COLO. — Transwestern’s National Student Housing team has brokered the $16.7 million sale of University Flats, a student housing community located at 1758 6th Ave. in Greeley. An entity doing business as 1758 6th Avenue LLC acquired the asset for $63,922 per bed. Mike McGaughy, Jon Kleinberg and John Blackshire of Transwestern executed the transaction on behalf of the undisclosed seller via the RI Marketplace commercial real estate auction platform. Serving the University of Northern Colorado, University Flats features 262 beds and is located three blocks from campus. At the time of sale, the property was 97 percent occupied and 84 percent preleased for the 2026-2027 academic year.

June 18, 2026

Acquisitions Colorado Multifamily Western

Marcus & Millichap Arranges Sale of 220-Unit Workforce Housing Property in Denver

by Amy Works June 18, 2026

DENVER — Marcus & Millichap has brokered the sale of Monaco South, a 220-unit workforce housing property in Denver. Greg Parker and Jason Hornik of Marcus & Millichap represented the undisclosed seller in the deal. Terms of the transaction were not released. Monaco South features convenient access to major employment centers, regional transportation corridors and a broad range of retail, dining and recreational amenities.

June 18, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

LTC Acquires Assisted Living, Memory Care Community in Phoenix for $54M

by Amy Works June 17, 2026

PHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP). MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC. LTC launched its SHOP platform in May 2025. “Since our platform launch, we have partnered with 11 SHOP operating partners, nine new to LTC,” says Michael Bowden, senior vice president of investments at LTC. “We continue to build our acquisition pipeline with a healthy volume of potential SHOP acquisitions, supporting our strategy to position LTC for higher intrinsic growth.”

June 17, 2026

Acquisitions Multifamily Washington Western

Green Light Housing Purchases Affordable Housing Apartments in Vancouver, Washington, for $35.4M

by Amy Works June 17, 2026

VANCOUVER, WASH. — Green Light Housing has purchased Carriage Housing Apartments, a garden-style affordable housing property located at 4714 N.E. 72nd Ave. in Vancouver, from Jackson Square Properties. The sales price was $35.4 million. Joe Nydahl and Josh McDonald of CBRE represented the buyer and the seller in the deal. CBRE Debt & Structured Finance’s Nick Santangelo, Micah Springston and Matt Thorp sourced accretive financing through Fannie Mae’s Multifamily Affordable Housing Program at 75 percent loan-to-value. Built in 1993, Carriage Housing Apartments features 160 one-, two- and three-bedroom apartments. Community amenities include a pool, fitness center, clubhouse and a gated entry.

June 17, 2026

Acquisitions California Industrial Western

Newmark Arranges $34.1M Sale of Industrial Facility in East Los Angeles Area

by Amy Works June 17, 2026

COMMERCE, CALIF. — Newmark has negotiated the $34.1 million sale of Holland Flower Market, a Class A industrial facility located at 5555 E. Slauson Ave. in Commerce. Jeff Cannon, Sage Segal and Greg Tippin of Newmark represented the undisclosed buyer in the deal. The seller was also not disclosed. The 91,010-square-foot asset features 32-foot clear heights, a 9,994-square-foot two-story office component, ESFR fire sprinklers and a fully secured truck court. Additionally, the building includes six dock-high loading positions and one grade-level door. Situated on 3.5 acres, the property offers immediate access to interstates 5 and 710 and proximity to downtown Los Angeles, key railyards and the ports of Los Angeles and Long Beach.

June 17, 2026

Affordable Housing Colorado Development Multifamily Seniors Housing Western

MGL Partners to Develop Affordable Seniors Housing Property at Former Hospital Campus in Colorado

by Amy Works June 17, 2026

WHEAT RIDGE, COLO. — Denver-based MGL Partners will develop an affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver. The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase-and-sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site. Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median income. MGL Partners plans to pursue Low-Income Housing Tax Credit financing and Colorado state tax credits in February 2027. Construction is anticipated to begin following financing approvals.

June 17, 2026

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