SANTA FE SPRINGS, CALIF. — Lee & Associates has arranged the sale of a warehouse and industrial building at 8528 Dice Road in Santa Fe Springs. J.O.R. Real Estate LLC sold the asset to Van Stone Conveyor for $3.2 million. The 12,591-square-foot property features 1,500 square feet of office space, a 2/1,000 parking ratio, 16-foot clearance height and 800 amps of power, as well as a secured yard. Additionally, the asset was sold with a tenant in place under a lease through Oct. 31, 2025. Phillip DeRousse of Lee & Associates – Orange handled the transaction.
DENVER — Unique Properties Inc./TCN Worldwide has arranged the sale of an office and warehouse property at 4825 N. Oakland St. in Denver. The asset traded for $2.1 million. Greg Knott and Earl Duffy of Unique Properties Inc./TCN Worldwide represented the seller and buyer in the deal. The names of the seller and buyer were not released.
NAMPA, IDAHO — Bow River Capital has received $70.3 million for the refinancing of Park84, a Class A industrial property in Nampa, 20 minutes from downtown Boise, Idaho. Leon McBroom, Rob Bova and Ellie Savage of JLL Capital Markets arranged the floating-rate financing for the borrower. Completed in July 2024, Park84 features seven industrial buildings totaling 605,570 square feet on 47.8 acres. The buildings, which are divisible as small as 16,917 square feet, offer 32-foot clear heights, clerestory and LED lighting, ESFR sprinklers, ample 480V power, outdoor storage and trailer parking.
SILVERDALE, WASH. — MLG Capital has entered the Washington market with the acquisition Wellington Apartment Homes, a multifamily property in Silverdale, located approximately 30 miles west of Seattle. Terms of the transaction were not disclosed. The garden-style property features 240 apartments, bayside views, a heated pool, clubhouse, fitness center and dog park. MLG plans to implement interior and exterior renovations, including installing stainless steel appliances, granite countertops and other premium features in all units, as well as improving property curb appeal and enhancing community amenities.
AURORA, COLO. — Grovewood Community Development has opened Sapling Grove Apartments, a mixed-income affordable housing property located at 10151 E. Jewell Ave. in Aurora. At full build-out, the two-phase Sapling Grove will offer more than 130 apartments. The 86,553-square-foot first phase features 81 one-, two- and three-bedroom floor plans with energy-efficient appliances, air conditioning, in-unit washers/dryers, walk-in closets and paid utilities. Community amenities include a fitness center, outdoor community gathering spaces with a large, covered picnic area, a playground, public art installations, a furnished rooftop patio, walking trails and an open space with native landscaping. Additionally, the community has a dedicated public space that will provide the greater community access to resources for health and wellness through an onsite Community Resource Center. The second phase will include 50 seniors housing units. Project funding was provided by 22 funding sources, including the City of Aurora, Arapahoe County, the Colorado Division of Housing, the Colorado Housing and Finance Authority, Impact Development Fund, Grow America, Sugar Creek Capital and the Aurora Housing Authority. A significant grant from the Colorado Health Foundation helped fund the property’s outdoor recreation spaces and onsite wellness initiatives.
PEORIA, ARIZ. — Garrett Development Corp. (GDC), with Willmeng Construction as general contractor, has broken ground on a 110,136-square-foot self-storage facility at 24027 N. Lake Pleasant Parkway in Peoria. Designed by RKAA Architects, the facility will feature 1,129 square feet of office space, 53,939 square feet of storage on the first floor and 55,068 square feet of storage on the basement level. Construction is slated for completion in June 2026, with the facility scheduled to open by third-quarter 2026.
PARK CITY, UTAH — El Segundo, Calif.-based Calmwater Capital has provided a $22.8 million bridge loan to refinance Kimball on Main Street, a 25,429-square-foot retail center located within the Historic Old Town area of downtown Park City. Stanton Road Capital was the borrower, while DaJuan Bennett of Calmwater internally represented the firm. Originally built in 1990 and renovated in 2018, the property features seven storefronts, a second-floor event space that serves the Sundance Film Festival and a recently constructed three-story building. Kimball on Main Street is currently 83 percent leased and comprises a mix of tenants such as Arhaus, Free People, Sunglass Hut, Romy Park City, We Norwegians and The Collective. Stanton Road Capital acquired the property in 2022.
VALLEJO, CALIF. — Walker & Dunlop has arranged $91.4 million in loan proceeds for the refinancing of Blue Rock Village, a Class B apartment property located at 2000 Ascot Parkway in Vallejo. Bryan Frazier and Blake Hockenbury of Walker & Dunlop Multifamily Finance secured a 10-year, full-term interest-only loan at a fixed rate from Freddie Mac for the borrower, Prime Residential. Situated on 35.7 acres, Blue Rock Village features 41 buildings, including 38 garden-style residential buildings offering a total of 560 units, as well as a leasing office, fitness center and maintenance building. Additional amenities include a spa, swimming pools and dog parks.
COLORADO SPRINGS, COLO. — Formativ Real Estate Group has opened The Hunter, its first apartment property in Colorado Springs located at 225 E. Cimarron St. Project partners include Bryan Construction, Griffis/Blessing and Davis Partnership Architects. Located in the New South End neighborhood, The Hunter features 214 studio, one- and two-bedroom apartments, as well as eight townhomes. Community amenities include a year-round pool and deck, outdoor dining and grill stations, fire pits, poolside cabanas and a recreation area. The Hunter’s two-level clubhouse features an oversized kitchen, private dining room, sunset lounge and game room. Additional amenities include dedicated coworking spaces and technology-enhanced Zoom rooms and a fitness center with a movement studio for individual and mat-based workouts.
‘AIEA, HAWAII — EAH Housing has started leasing at Aloha lā Halewilikō, a $62 million affordable rental community for older adults in ‘Aiea. Located at the former site of the ‘Aiea Sugar Mill at 99-385 Pōhai Place, Aloha lā Halewilikō offers 83 studio apartments, 56 one-bedroom apartments and a manager’s unit. The rents are set at affordable rates for households earning 30 percent, 50 percent and 60 percent of the area median income. The community features a multipurpose room, walking paths, fitness facilities, community gardens and digital literacy programs. Lanakila Pacific, a local nonprofit partner, will provide onsite services, including Meals on Wheels and wellness programming to support aging in place.