Friday, July 10, 2026
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ArizonaDevelopmentIndustrialWestern

Stevens-Leinweber Construction Completes 160,000 SF Phoenix Logistics Center Two 

by Jeff Shaw

PHOENIX — Stevens-Leinweber Construction has completed a 160,000-square-foot custom build-out at Phoenix Logistics Center (PLC) Two in Phoenix.  The new space is designed to meet the manufacturing and distribution needs of new tenant Georgia-Pacific LLC and its HP PageWide T1190 Press, the world’s largest high-volume digital pre-print solution for corrugated packing.  Built originally on a speculative basis, PLC Two offers 40-foot clear height, 70-foot speed bays, a 190-foot truck court, 160 dock-high doors and six grade-level doors. It is leased to Georgia-Pacific and Owens Corning, which occupies the building’s remaining space.

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AcquisitionsCaliforniaMultifamilyWestern

Keller Williams Brokers $8.6M Sale of Glassell Apartments in Los Angeles

by Jeff Shaw

LOS ANGELES — Keller Williams has negotiated the sale of Glassell Apartments, a 35-unit multifamily asset in Los Angeles. A 1031 exchange investor bought the property for $8.6 million.  The community is located at 3367 Andrita St. in Glassell Park, near Glendale and Eagle Rock. Built in 1989, the property is subject to rent control and was more than 60 percent vacant at the time of sale.  The seller was a family trust that owned the asset for more than 20 years. Andres Diaz of Keller Williams’ office in downtown Los Angeles represented the seller and procured the buyer.

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ColoradoIndustrialLeasing ActivityWestern

Canopy Aerospace Leases 18,681 SF Headquarters in Littleton, Colorado

by Jeff Shaw

LITTLETON, COLO. — Canopy Aerospace, a startup manufacturer for emerging space and hypersonic industries, has leased a 18,681-square-foot space at 8101 Midway Drive in Littleton.  The industrial asset will serve as the company’s headquarters as it continues to expand its team and manufacturing operations. The company chose Colorado because of its deeply connected space ecosystem and access to talented future hires from this community.  Matt Harbert, Morgan Barstad and Alex Hammerstein of Raise Commercial Real Estate represented Canopy Aerospace in the transaction.  

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AcquisitionsArizonaRetailWestern

Colliers Negotiates $14.8M Sale of Crossroads Plaza Shopping Center in Peoria, Arizona

by Jeff Shaw

PEORIA, ARIZ. — Colliers has brokered the $14.8 million sale of Crossroads Plaza, a 112,838-square-foot shopping center located in the Phoenix suburb of Peoria.  The property was 91 percent leased at the time of sale to tenants including Harbor Freight, Dollar Tree, Goodwill, LA Crab Shack, Ta’ Carbon Mexican Grill, Odyssey Martial Arts and Iced Out Ice Cream Parlor.  Mindy Korth, John Jackson, Caitlin Zirpolo and El Warner of Colliers represented the seller, a California-based firm. Maha Odeh Arnold of Regal Properties represented the buyer, a California-based private investor.

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AcquisitionsMultifamilyNew MexicoSeniors HousingWestern

Blueprint Brokers Sale of 52-Bed Sunset Villa Care Center in Roswell, New Mexico

by Jeff Shaw

ROSWELL, N.M. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sunset Villa Care Center, a 52-bed skilled nursing facility in Roswell.  The facility is located within three miles of two regional acute care hospitals. It was built in 1965, but “is very well maintained, and had strong recent and historical financial trends,” according to Blueprint.  Blueprint’s marketing efforts focused on highlighting the facility’s high cash flows, operating margins, and the local submarket’s strength. At the time of marketing, the facility was running revenues of about $6 million.  The buyer was a private owner-operator based in Los Angeles. The seller and price were not disclosed.

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AcquisitionsMultifamilyOregonWestern

Marcus & Millichap Arranges $4.2M Sale of Sheridan Plaza Apartments in Albany, Oregon

by Jeff Shaw

ALBANY, ORE. — Marcus & Millichap has arranged the sale of the 33-unit Sheridan Plaza apartments in Albany. A Portland-based private client group acquired the asset for $4.2 million.  The community is located at 208 SE 5th Ave. and 205 SE 6th Ave. Albany is approximately halfway between Eugene and Salem.  The undisclosed seller purchased the asset in 2021, at which time it made capital improvements to the property. This included new roofs and gutters, adding a garbage enclosure, resurfacing the parking lot, and new windows and sliders. The sellers were able to increase the cashflow by renovating several units and partnering with professional third-party management.  The buyer plans to continue the renovation process and increase rents, according to Marcus & Millichap. The firm’s Georgie Christensen-Riley and Joshua C. Reynolds, along with the Christensen Group, represented the seller in the transaction. 

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ColoradoLeasing ActivityOfficeWestern

Ireland Stapleton Law Firm Relocates Denver Office

by Jeff Shaw

DENVER — Ireland Stapleton, a full-service Colorado commercial law firm, has relocated its Denver headquarters to 1660 Lincoln St., Suite 3000.  The firm has taken over the top floor of the newly renovated, 30-story building in Denver’s Uptown neighborhood. The space has been remodeled with a layout that features a number of shared offices, hotel-style offices, and advanced technology that will increase communication and collaboration within teams and practice groups. This flexible atmosphere is designed to better accommodate both remote and in-office workers.

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AcquisitionsHawaiiRetailWestern

Watumull Properties Purchases Niumalu Marketplace in Kailua, Hawaii for $66M

by Jeff Shaw

KAILUA, HAWAII — Watumull Properties Corp. has purchased Niumalu Marketplace, a 205,000-square-foot retail center located in Kailua on O’ahu, for $66 million.  Safeway anchors the property, which is situated on 20 acres. Wendell Brooks and Kimo Greenwell of JLL will handle leasing at the center, and Big Island Colliers’ Hawaii office will provide property management services.

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CaliforniaDevelopmentMultifamilySeniors HousingWestern

MorningStar Completes Renovations at 144-Unit Seniors Housing Community in Pasadena, California

by Jeff Shaw

PASADENA, CALIF. — MorningStar Senior Living has reopened its 144-unit community in Pasadena.  Soon after assuming management in December 2020, MorningStar, a Denver-based senior living owner and operator, began a complete renovation of the four-story community. Aneka Interiors led the redesign, which included the addition of memory care services to the community.  MorningStar is planning an expansion building next door to the existing community that will offer additional independent living, which is scheduled to open in early 2025.

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