Western

Brixton Capital Buys 272-Unit Whisper Creek Apartments in Lakewood, Colorado

by Amy Works October 14, 2025

LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek, a garden-style multifamily community at 3505 S. Nelson Circle in Lakewood. Terms of the transaction were not disclosed. Built in 2002 by Fairfield Residential, Whisper Creek offers 272 apartments featuring nine-foot ceilings and averaging 928 square feet spread across two- and three-story residential buildings. Community amenities include 501 parking spaces with detached garages, a resort-style pool and spa, a 24-hour fitness center, clubhouse, business center, outdoor grilling stations, a pet park and a playground. Greystar will manage the property. Tony Nargi of JLL Capital Markets secured acquisition financing on behalf of Brixton Capital.

October 14, 2025

Acquisitions California Healthcare Western

CBRE Negotiates $16.2M Sale of Medical Office Property in Irvine, California

by Amy Works October 14, 2025

IRVINE, CALIF. — CBRE has directed the sale of Creek Medical Buildings, a three-building medical office property located at 37, 39 and 41 Creek Road in Irvine. The asset traded for $16.2 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the undisclosed seller in the deal. At the time of sale, the 43,374-square-foot property was fully occupied. The asset was built in 1986.

October 14, 2025

Affordable Housing Development Multifamily Oregon Western

USA Properties Fund, Northwest Housing Alternatives Open 92-Unit Affordable Housing Property in Metro Portland

by Amy Works October 13, 2025

GRESHAM, ORE. — USA Properties Fund and Northwest Housing Alternatives have completed Terracina Vista, an affordable housing community in Gresham, approximately 10 miles from downtown Portland. Located at 16503 E. Burnside St., Terracina Vista offers 92 one-, two- and three-bedroom apartments for residents earning less than 60 percent of the area median income. Apartments feature energy-efficient appliances and lighting and low-flow faucets, showers and toilets. Community amenities include a community room, computer workstations, indoor bike storage, elevators and laundry facilities. Funding for Terracina Vista was made possible by a private-public partnership with the City of Gresham, Oregon Housing and Community Services and Oregon Metro as subsidy lenders. WNC & Associates is the tax credit investor on the $43 million development. Capital One was the construction lender, with Citi Community Capital as the permanent lender.

October 13, 2025

Acquisitions California Healthcare Office Western

Pacific Development Partners Divests of 85,000 SF Office Building in Carlsbad, California to Sharp HealthCare

by Amy Works October 13, 2025

CARLSBAD, CALIF. — Pacific Development Partners has completed the sale of an 85,000-square-foot office building, located at 1265 Laurel Tree Lane in Carlsbad, to Sharp HealthCare for $31 million. Lars Eisenhauer and Dan Henry of CBRE, along with Greg Lewis and Steven Field of JLL, represented the seller, while Mike Labelle of Cushman & Wakefield represented the buyer in the transaction. Initially developed for the 24 Hour Fitness corporate headquarters, the three-story property features a ground-floor fitness facility and two floors of corporate office space. Sharp HealthCare plans to convert the top floor into a Sharp Rees-Stealy outpatient clinic with immediate occupancy and grow into the balance of the building over time. 24 Hour Fitness will continue to operate out of the first and second floors until the phased conversion is complete.

October 13, 2025

Acquisitions Arizona Retail Western

Kidder Mathews Arranges $13M Sale of Lindsay Square Retail Center in Gilbert, Arizona

by Amy Works October 13, 2025

GILBERT, ARIZ. — Kidder Mathews has arranged the $13 million sale of Lindsay Square, a 46,728-square-foot neighborhood shopping center located in Gilbert, a suburb of Phoenix. Tenants at the property include a mix of service-oriented retailers such as a daycare, fitness center, veterinary clinic, dry cleaner and specialty schools, as well as various restaurants. Jenette Bennett and Michelle Gardner of Kidder Mathews represented the buyer, a Washington-based family investment firm.

October 13, 2025

Affordable Housing California Company News Multifamily Western

Avanath, BRIDGE Form Affordable Housing Property Management Company

by Amy Works October 13, 2025

SAN FRANCISCO AND IRVINE, CALIF. — BRIDGE Housing and Avanath Communities have jointly formed an affordable and workforce housing property management company called Brighthaven Communities. Initially, Brighthaven will provide property management services to the two organizations’ combined portfolio of properties, which totals approximately 30,000 affordable homes across 15 states. The new company plans to extend its services beyond the partners’ own properties to include other nonprofit and for-profit owners of affordable and workforce housing communities. Brighthaven will be governed by a six-member board with equal representation from both organizations. Avanath is an Irvine-based private investment firm, and BRIDGE is a nonprofit affordable housing owner and developer headquartered in San Francisco.

October 13, 2025

Acquisitions Arizona Multifamily Western

Partnership Sells 36-Unit Parkway Apartments in Phoenix for $4.5M

by Amy Works October 13, 2025

PHOENIX — A partnership between Dorn Properties and Far Western Properties has completed the disposition of Parkway Apartments in Phoenix to Parkway Apartments LLC for $4.5 million, or $125,000 per unit. Located at 5407 W. Glenrosa Ave., Parkway Apartments offers 35 two-bedroom/two-bath units and a one-bedroom/one-bath unit. All apartments are individually metered for electricity and feature large private front patios. The community was built in 1963. Brian Smuckler and Derek Smigiel of JLL represented the seller in the deal.

October 13, 2025

Colorado Development Multifamily Student Housing Western

Capstone Development, Colorado School of Mines Complete 1,058-Bed Student Housing Project in Golden

by Amy Works October 10, 2025

GOLDEN, COLO. — A public-private partnership between Capstone Development Partners and the Colorado School of Mines has completed Village at Mines Park, a 1,058-bed student housing community located on the university’s campus in Golden. The property — which is the redevelopment and expansion of an existing community, Mines Park — offers affordable housing for upper-division undergraduate and graduate students, as well as students with families. Fully furnished units are offered in studio, one-, two-, three- and four-bedroom configurations. Shared amenities include a fitness center, dining options, recreational green space, an outdoor amphitheater and community gathering and study spaces. The property is also home to residence life and management offices and features on-site parking and electric car charging spaces. The development team for the project included design-builder Milender White Construction and architectural firm SAR+. Capstone Management Partners will provide facility maintenance, custodial and asset management services for the community. The project was financed by the university.

October 10, 2025

Acquisitions Arizona Multifamily Western

IPA Negotiates $66.1M Sale of Multifamily Property in Scottsdale, Arizona

by Amy Works October 10, 2025

SCOTTSDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale and financing of Scottsdale on Main, a midrise apartment asset in Scottsdale. Baron Properties sold the asset to Goodman Real Estate for $66.1 million, or $555,462 per unit. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the deal. Completed in 2024, Scottsdale on Main offers 119 apartments, air-conditioned interior corridors, two elevators and a designer-appointed leasing office with floor-to-ceiling windows. Community amenities include a resort-inspired swimming pool and a rooftop deck with a covered outdoor kitchen and lounge. Apartments offer 10-foot to 12-foot ceilings, wine refrigerators, oversized pantries and walk-in showers.

October 10, 2025

Acquisitions Multifamily Washington Western

Transwestern Investment Group Sells 105-Unit Apartment Building in Seattle

by Amy Works October 10, 2025

SEATTLE — Transwestern Investment Group (TIG), on behalf of a separately managed account, has completed the sale of Viva, a six-story Class A apartment property in Seattle’s Capitol Hill submarket. Terms of the transaction were not disclosed. Developed in 2014, the 75,776-square-foot Viva offers 105 residential units and 7,450 square feet of ground-floor retail space. The community features a rooftop deck, spacious clubroom with fireplace, chef’s kitchen and entertainment center, controlled-access underground parking garage, package lockers and electric vehicle charging stations. At the time of sale, Viva’s residential component was 96 percent leased and the retail space was 86 percent leased.

October 10, 2025

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