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.
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.
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.
PHOENIX AND TEMPE, ARIZ. — BKM Capital Partners has acquired a portfolio of eight light industrial buildings in Phoenix and Tempe from an affiliate of Equus Capital Partners Ltd. for $167.8 million. The portfolio features 889,352 square feet spread across 46 buildings. Rusty Kennedy, Joe Cesta and Darla Longo of CBRE represented the seller in the deal. The portfolio includes: The properties offer a range of unit sizes, providing leasing flexibility.
SOUTH SALT LAKE, UTAH — Northmarq has arranged a $38 million loan on behalf of SSLC Multifamily-Parking LLC for the refinancing of Bowers Residences, an apartment community located at 55 W. Utopia Ave. in South Salt Lake. John Bradshaw, Nate Barnson, Bracken Ostler and Adam Bradshaw of Northmarq arranged the permanent fixed-rate financing on behalf of the borrower through a relationship with New York Life. Built in 2023, Bowers Residences offers 236 studio, one-, two- and three-bedroom layouts, a fitness center with a bouldering wall and a yoga/spin studio, a spa, private rooftop lounge and courtyard with games and grills, and a coworking space with a rentable clubroom and kitchen.
PINOLE, CALIF. — Step Up Housing has purchased Bayside Apartment Homes at 530 Sunnyview Drive in Pinole. Sack Capital Partners and Align Finance Partners arranged structured financing for the acquisition. Additionally, Sack will provide asset and property management for the 148-unit affordable housing community. Originally built in 1974 and renovated in 2017, Bayside features two- and three-bedroom apartments near the shoreline of San Pablo Bay at Point Pinole Regional Shoreline. Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the transaction.
AVONDALE, ARIZ. — Trilogy Investment Co. has opened Rêv3 at Encanto West, a townhome build-to-rent community in Avondale. Developed with Cimbra Partners, Rêv3 at Encanto West offers 84 three-bedroom/two-and-a-half bathroom townhomes with open-concept layouts, chef-inspired kitchens with stainless steel appliances and granite countertops, luxury vinyl plank flooring, smart home technology, attached garages and private backyards. Community amenities include a resort-style pool with cabanas, a clubhouse with gathering spaces, a fitness center and outdoor grilling areas. The community is now leasing, with first residents expected this fall.
DENVER — Kaufman Hagan has arranged the sale of 3478 W. 32nd Avenue, a 3,043-square-foot, owner-user retail building in Denver’s Highlands Square. The asset traded for $1.8 million, or $591.52 per square foot. The names of the seller and buyer were not released. Zachary Bierman of Kaufman Hagan represented the seller in the deal.
INGLEWOOD, CALIF. — KPC Development Co. has topped out the construction of Kali Hotel and Rooftop, Autograph Collection, a $300 million hotel in Inglewood’s 300-acre Hollywood Park mixed-use development. Crescent Hotels & Resorts will manage the hotel, which will be part of Marriott Bonvoy’s global portfolio. Slated to open in September 2026, Kali Hotel and Rooftop will offer 300 guest rooms, including 34 suites, an all-day dining concept, lobby bar, pool and yoga deck, spa, fitness center and nearly 20,000 square feet of meeting and event space. The project team includes Clayco as general contractor, Lamar Johnson Collaborative as architect and Sixteenfifty Creative Intelligence and Gensler as interior designers.
STOCKTON, CALIF. — CBRE has secured $50 million in refinancing for Park West Place, a retail power center in Stockton. The loan was arranged on behalf of Raider Hill Advisors and Farallon Capital Management with financing provided by a national bank. Richard Henry, Mike Ryan, Brian Linnihan and Shaun Moothart of CBRE represented the sponsorship in the transaction. Built in 2008 on 58.6 acres, Park West Place offers 554,438 square feet of retail space. At the time of financing, the property was 96.4 percent leased to 46 tenants, including Lowe’s, Kohl’s, Sportsman’s Warehouse, Ross Dress for Less and TJ Maxx, with more than 40 percent of the net rentable area leased to investment-grade tenants.