TACOMA, WASH. — Marcus & Millichap has arranged the sale of James Center Plaza, an office building at 1628 S. Mildred St. in Tacoma. A limited liability company sold the property to an undisclosed buyer for $8.6 million. The 34,272-square-foot property features eight medical-dental tenants, all under triple-net lease terms with staggered lease expirations. Michael Babicz and RJ Vara of The Vara Group of Marcus & Millichap’s Seattle office represented the seller in the deal.
PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …
BOULDER, COLO. — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles of Berkadia arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of the area median income. Jonathan Rose Cos. assumed the existing Section 8 Housing Assistance Payment contract, which was set to expire in 2026, and will extend the property’s affordability for an additional 20 years. The asset was originally built in 1971 and was most recently renovated in 2007. The unit mix consists of one- through four-bedroom floor plans. The new owner plans to complete additional renovations at the property, including upgrades to building systems and unit interiors, improvements to the community center and energy-efficiency enhancements aimed at achieving Enterprise Green Communities (EGC) certification. In addition to physical improvements, the firm will also be adding two full-time resident services coordinators. Winn Residential has taken over as property manager.
SEATTLE — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $44 million bridge loan for Seattle-based developer Bode. The financing retires existing construction debt, covers loan transaction costs, funds an interest reserve and supports final construction completion of two assets, Bode Columbia City and Bode Tacoma Dome. Bode Columbia City in Seattle is an 80-unit property featuring one- and two-bedroom floor plans. Bode Tacoma Dome is a 164-unit community in Tacoma, Wash., offering studios and one-, two- and three-bedroom floor plans.
LOS ANGELES — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in Los Angeles’ Westwood Village submarket. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, handled the transaction. Details of the transaction were not released. Located at 921 Westwood Blvd., Holmby Hall offers 50,790 square feet of retail space. Built in 1929 in Spanish Colonial Revival style, the property features a 110-foot clock tower designed by Gordon Kaufmann and John Parkinson. The building is a designated Historic-Cultural Monument.
YUMA, ARIZ. — FD Stonewater’s STAR Evergreen Fund has purchased Alside Manufacturing and Distribution Center in Yuma for an undisclosed price. The asset was acquired through the STAR Fund’s UPREIT structure, providing original investors the opportunity to receive OP Units allowing for a tax-deferred transaction. Associated Materials fully occupies the 326,474-square-foot property, which was purpose-built for the tenant in 2005.
SAN MARCOS, CALIF. — Stos Partners has completed the disposition of 145 N. Pacific Street in San Marcos to a private buyer, finalizing the disposition of its Benchmark Portfolio. The two-property portfolio sold for a combined $10.9 million. The Benchmark Portfolio comprised two freestanding industrial warehouses totaling 28,000 square feet in the submarkets of San Marcos and Poway, Calif. Both properties feature low site coverage and excess land. Stos Partners acquired the portfolio in 2020 in a joint venture with RanchHarbor for $6.1 million through an off-market transaction from an owner-user, which completed a five-year sale-leaseback at closing. Stos Partners implemented targeted capital improvements, repositioning the assets. The company sold the 18,000-square-foot property at 12575 Stowe Drive in Poway in July 2025 for $6.5 million. Tim Clepper of San Diego Commercial represented Stos Partners in the Poway deal. Matt Pourcho, Anthony DeLorenzo and Nick Williams of CBRE represented Stos Partners, while Josh West of Voit Real Estate Services represented the buyer in the San Marcos transaction.
MESA, ARIZ. — Rise48 Equity has expanded its Arizona footprint with the purchase of a 154-unit apartment property in Mesa. Terms of the transaction were not released. Rise48 Equity will rebrand the property, formerly known as Emparrado Apartments, as Rise Mountain Ridge. The company plans to renovate all of the units to its Diamond and Gold finish levels. Upgrades will include new stainless steel appliances, vinyl plank flooring, white Shaker cabinet doors, resurfaced countertops and modern plumbing and lighting fixtures. Additionally, 39 percent of the units (60 units) will receive in-unit washers and dryers. Rise48 will also implement exterior improvements, including updates to landscaping, pool and amenity spaces, signage and community branding.
PHOENIX — JLL Capital Markets has arranged the sale of Marigold Two-Pack, a two-building, 237,765-square-foot industrial portfolio in metro Phoenix. An Ares Real Estate fund acquired the asset for an undisclosed price. Ares Industrial Management will manage the portfolio, which consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The buildings offer secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low office build-out. At the time of sale, the assets were fully leased to six tenants. Ben Geelan and Greer Oliver of JLL represented the undisclosed seller in the transaction.
CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Horton, John Choi and Connor Martz of Concord Summit structured the financing for the borrower, which is a repeat client. Last year, Concord Summit secured financing for the client for an ECHO Suites project in Peoria, Ariz.