Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

Bear-Creek-Plaza-Medford-OR
AcquisitionsOregonRetailWestern

Bear Creek Partners Divests of 189,670 SF Shopping Center in Medford, Oregon

by Amy Works

MEDFORD, ORE. — Bear Creek Partners I LLC has completed the disposition of Bear Creek Plaza, a shopping center in Medford. Bear Creek CV LLC acquired the asset for $25.2 million. Built in 1977 on nearly 17 acres, Bear Creek Plaza offers 189,670 square feet of retail space. Current tenants include Bi-Mart, Dollar Tree, Crunch Fitness, McDonald’s, Wendy’s, Carl’s Jr., First Interstate Bank, OneMain Financial, Metro PCS, Papa Murphy’s and Sally Beauty Supply. Clayton Brown and Ruthanne Loar of Marcus & Millichap represented the seller and procured the buyer in the deal. David Tabata of Marcus & Millichap served as broker of record in Oregon.

Continue Reading
FacebookTwitterLinkedinEmail
Daybreak-Corporate-Center-South-Jordan-UT
AcquisitionsOfficeUtahWestern

Fort Street Partners Buys 177,000 SF Daybreak Corporate Center in South Jordan, Utah

by Amy Works

SOUTH JORDAN, UTAH — Fort Street Partners has purchased Daybreak Corporate Center, a multi-tenant office building in South Jordan. Situated within the 4,000-acre master-planned Daybreak community, Daybreak Corporate Center offers 177,000 square feet of office space. Built in 2008, the asset features a 512-stall structured parking garage, a rooftop patio and walkable access to restaurants, retail, trails and the Daybreak Beach Club. At the time of sale, the property was 95.4 percent occupied. Current tenants include Rio Tinto, Travelpass Group and Enova. Fort Street Partners plans to renovate and lease the remaining space within the building.

Continue Reading
FacebookTwitterLinkedinEmail
Alliance-Residential-Apts-Lakewood-WA
AcquisitionsDevelopmentMultifamilyWashingtonWestern

Alliance Residential Acquires 9.7-Acre Development Site in Lakewood, Washington

by Amy Works

LAKEWOOD, WASH. — Alliance Residential has purchased a 9.7-acre development site within Lakewood Towne Center, a retail destination in Lakewood. The site is slated for the development of a 285-unit Class A apartment community that will include units under the City of Lakewood’s Multifamily Tax Exemption program. The new multifamily property will help address the growing housing demand in Lakewood, where only one new 100-plus market-rate apartment development has been delivered since 2011. Ross Klinger and Austin Kelley of Kidder Mathews represented the undisclosed seller in the deal. Terms of the transaction were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentRestaurantRetailWestern

Prime Pizza to Open Five New Restaurants in Southern California

by Amy Works

LOS ANGELES — Los Angeles-based Prime Pizza, a rapidly expanding New York-style pizza restaurant, has signed leases for five new locations in Southern California. The locations are at Alicia Landing Shopping Center in Mission Viejo; Gaslight Square in Brea; Farmers & Merchants Bank Center in Torrance; and two freestanding locations, one in Thousand Oaks and another in Valley Village, Calif. Mark Seferian of RCI Brokerage represented Prime Pizza in the transactions, which ranged from 1,256 to 1,951 square feet. The Mission Viejo and Brea locations are slated to open in the fourth quarter of 2025, while the Valley Village, Thousand Oaks and Torrance locations will open during the second quarter of 2026.

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaDevelopmentMixed-UseTop StoriesWestern

Vestar, Pacific Proving to Develop $2B Mixed-Use Project in Mesa, Arizona

by John Nelson

MESA, ARIZ. — Vestar, a shopping center and mixed-use developer based in Phoenix, has partnered with Pacific Proving LLC, a landowning entity that controls 1,805 acres in the state capital’s East Valley, to co-develop a $2 billion mixed-use project. Legacy Park will span 200 acres at Pacific Proving’s site in Mesa near the confluence of Gilbert and Queen Creek. The groundbreaking is set for 2027. “As someone who has believed in the potential of this area and land for decades, we are thrilled to partner with Vestar to bring this phase of our property Legacy Park to life,” says Andrew Cohn, principal of Pacific Proving. “Legacy Park is not just another development. It is a thoughtfully designed community that will bring lasting value and lifestyle to the East Valley. We have waited for the right timing, the right opportunity and the right partners, and that moment is now.” Vestar expects Legacy Park to generate $56 billion in economic output over the next 20 years and to create more than 20,000 jobs. Located adjacent to Mesa Gateway Airport and easily accessible via the new State Route 24 at Williams Field Road, Legacy Park at full build-out will feature: “Legacy Park is a …

Continue Reading
FacebookTwitterLinkedinEmail
Hale-Haukani-Honolulu-HI
DevelopmentHawaiiMultifamilyStudent HousingWestern

Greystar, University of Hawaii at Mānoa Complete Two-Tower Student Housing Community in Honolulu

by Amy Works

HONOLULU — A public-private partnership between Greystar and the University of Hawaii at Mānoa has completed Hale Haukani, a two-tower development on the university’s campus in Honolulu. The community offers 558 beds across 316 fully furnished units in studio, two-, three- and four-bedroom configurations. Shared amenities include study rooms, community lounges and an amenity deck on the 12th floor. An onsite daycare operated by the university is also available to support students with families. 

Continue Reading
FacebookTwitterLinkedinEmail
Longpoint-Industrial-Portfolios-SLC-UT
AcquisitionsIndustrialUtahWestern

Longpoint Acquires 1 MSF of Industrial Properties in Salt Lake City

by Amy Works

SALT LAKE CITY — Boston-based Longpoint has purchased two separate industrial portfolios in Salt Lake City — the Mountain West Portfolio and the Salt Lake City Infill Portfolio — totaling just over 1 million square feet. Terms of the transactions were not disclosed. The portfolios are located in Northwest Quadrant submarket, which accounts for 71 percent of Salt Lake City’s industrial base. The Mountain West Portfolio consists of nine shallow-bay properties, totaling over 490,000 square feet, with a combined occupancy level of 85 percent at the time of sale. The buildings were built between 1999 and 2006 and feature dock- and grade-level loading, an average of 23-foot clear heights, 100-foot to 200-foot truck court depths and HVAC systems across most warehouses. The Salt Lake City Infill Portfolio includes seven small- and shallow-bay industrial properties totaling over 531,000 square feet. Built between 1995 and 2022, the buildings, which were fully occupied at the time of sale, feature dock- and grade-level loading, an average of 25-foot clear heights, and 75-foot to 130-foot truck court depths.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityLoansUtahWestern

PACE Equity Provides $63.3M in C-PACE Financing for SkyRidge Resort in Deer Valley, Utah

by Amy Works

DEER VALLEY, UTAH — PACE Equity has funded a $63.3 million mid-construction recapitalization using long-term, fixed-rate C-PACE financing for SkyRidge Resort in Deer Valley. SkyRidge Development is developing SkyRidge Resort. Designed for four seasons, SkyRidge Resort will offer the Stelle Lodge, a six-story resort with a rooftop bar, spa and guest services; a 310-yard golfing range with 15 hitting bays, a three-hole mountain golf course that converts into a nine-hole short course and the Golf Clubhouse with a bar and restaurant, grocer café and curated retail; and an Equestrian Center with a 34-stall barn, indoor and outdoor arena, a European walking path and scenic riding trails. SkyRidge Golf and Clubhouse are slated to open in late 2025, with theStelle Lodge scheduled to open in 2026.

Continue Reading
FacebookTwitterLinkedinEmail
Fountain-Park-Apts-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Sack Capital Partners, Belveron Partners Buy 164-Unit Multifamily Property in San Jose, California

by Amy Works

SAN JOSE, CALIF. — A joint venture between Sack Capital Partners and Belveron Partners has acquired Fountain Park, an apartment community in San Jose. Terms of the transaction were not released. Located at 1026 S. De Anza Blvd., Fountain Park offers 164 studio, one- and two-bedroom units. Community amenities include a clubhouse, barbecue area, resort-style swimming pool with spa hot tub, sauna, covered parking with electric vehicle charging and a dog park. The new owners have a long-term commitment to convert a portion of the apartments into affordable housing. Sack will provide property management services for the asset.

Continue Reading
FacebookTwitterLinkedinEmail
1414-S-Alameda-St-Compton-CA
AcquisitionsCaliforniaIndustrialWestern

FallTech Purchases 6,432 SF Industrial Property in Compton, California

by Amy Works

COMPTON, CALIF. — FallTech has purchased an industrial building located at 1414 S. Alameda St. in Compton from Accurate Glass & Mirror Corp. for $1.5 million. Situated on a 9,269-square-foot site, the 6,432-square-foot property features one ground-level door and a clear height of 14 feet. FallTech, which makes fall protection, will use the property to expand its operations. Scott Anderson of The Klabin Co. represented the seller, while Matt Stringfellow of The Klabin Co. represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts