Wednesday, January 28, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

400-E-Pharr-Blvd-Reno-NV.jpg
AcquisitionsIndustrialNevadaWestern

Panattoni Development Sells 169,027 SF Industrial Building in Reno

by Amy Works

RENO, NEV. — Panattoni Development has completed the disposition of a freestanding industrial property located at 400 E. Parr Blvd. in Reno. An undisclosed owner/occupier in the kitchen and bath appliance industry acquired the asset for $20.5 million. Situated on 6.7 acres, the 169,027-square-foot facility was originally built in 1972 and renovated in 2016. The property features 25-foot clear heights, 18 dock doors, one grade door, ESFR sprinklers and skylights. Sears Outlet Stores previously tenanted the property. Mike Nevis and Shawn Jaenson of Cushman & Wakefield represented the seller in the transaction. Nevis and Jaenson were joined by Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of the firm’s National Industrial Advisory Group – Mountain West, along with Jeff Chiate, Rick Ellison, Matthew Leupold and Aubrie Monahan of the IAG – West team.

Continue Reading
FacebookTwitterLinkedinEmail
20955-Pathfinder-Rd-Diamond-Bar-CA
CaliforniaLoansOfficeWestern

Gantry Secures $9M Refinancing for Office Building in Metro Los Angeles

by Amy Works

DIAMOND BAR, CALIF. — Gantry has secured a $9 million loan to refinance a maturing loan on an office building in Diamond Bar, a suburb 28 miles east of Los Angeles. Located at 20955 Pathfinder Road, the three-story building offers 65,000 square feet of rentable space. The property was 98 percent occupied at the time of financing. Topher Van Mourick of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan was secured from one of Gantry’s correspondent life company lenders. Gantry will service the loan.

Continue Reading
FacebookTwitterLinkedinEmail
ECO-Phoenix-Apts-Phoenix-AZ
ArizonaDevelopmentMultifamilyWestern

Habitat Metro Delivers 70-Unit Apartment Project in Downtown Phoenix

by Amy Works

PHOENIX — Habitat Metro, as owner/developer, has completed ECO Phoenix, a multifamily property located at 301 E. Roosevelt in downtown Phoenix. CCBG Architects designed the 125,000-square-foot five-story property that offers 70 apartments and 3,300 square feet of retail space. Units feature quartz countertops, wood-style flooring, stainless steel appliances and efficient lighting. The $20 million project features solar energy utilization, a car-share program, greywater recycling and other urban sustainability amenities. Proof Bread occupies 600 square feet of the retail space. The bakery and café offers baked goods, beverages, indoor seating and a kids’ play area. Sletten Cos. served as general contractor. PK Associates, WERK Studio, Hartford Engineering and Ritcoh/Powell Associates served as subcontractors for the project.

Continue Reading
FacebookTwitterLinkedinEmail
2714-Fairview-Ave-E-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Directs $6.7M Sale of Anchor House Apartments in Seattle

by Amy Works

SEATTLE — The Simon | Anderson Multifamily Team at Kidder Mathews has arranged the the off-market sale of Anchor House Apartments, a waterfront property located at 2714 Fairview Ave. E in Seattle’s Eastlake neighborhood. Casal Real Property LLC sold the asset to Anchor House Apartments LLC for $6.7 million. Situated along Lake Union, Anchor House Apartments offers 18 units. Dylan Simon, Jerrid Anderson, Matt Laird and Jack Shephard of Kidder Mathews represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
ilo-at-Playa-Vista-CA.jpg
AcquisitionsCaliforniaOfficeWestern

Newmark Arranges $150.7M Sale of 306,809 SF Creative Workplace Campus in Playa Vista, California

by Amy Works

PLAYA VISTA, CALIF. — Newmark has arranged the sale of ilo at Playa Vista, a 306,809-square-foot creative office workplace campus in Playa Vista. Barings acquired the asset from Clarion Partners for $150. 7 million. Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll of Newmark represented the seller in the deal. Jonathan Firestone, Blake Thompson and Henry Cassiday of Newmark Global Debt & Structured Finance provided support on debt strategy and financing considerations throughout the transaction process. The two-building, mixed-used campus has attracted 78,000 square feet of new leasing over the past 24 months. Delivered in 2010, the property has maintained an average occupancy level of more than 90 percent since it was redesigned by Gensler in 2016.

Continue Reading
FacebookTwitterLinkedinEmail
Vintage-Farms-Murrieta-CA
CaliforniaDevelopmentMultifamilyWestern

R.D. Olson, MBK Rental Living Begin Construction on 330-Unit Vintage Farms Multifamily Project in Murrieta, California

by Amy Works

MURRIETA, CALIF. — R.D. Olson Construction, on behalf of MBK Rental Living, has broken ground on Vintage Farms, a $80 million residential village in Murrieta. Vintage Farms will offer 330 market-rate and luxury apartments spread across 11 buildings and 15 standalone garages on 15 acres. Located at 28749 Clinton Keith Road, Vintage Farms will offer studio, one-, two- and three-bedroom apartments and 15 standalone garages, ranging from seven to 16 stalls, offering a total of 332 parking spaces. The 449,280-square-foot residential space will include nine 40,320-square-foot buildings with 30 apartments and two 43,200-square-foot buildings with 30 apartments. Built in five phases over 18 months, the community’s first phase will include the development of all amenities, including the clubhouse, pool, hot tub, barbecue areas and walkways, and the first two apartment buildings and two garages. The following four phases will include the construction of two apartment buildings and two to four garages in each phase. The five-phase construction plan will turn over units during each phase to ensure an on-time delivery while minimizing noise disruption to the community. The full project is slated for completion by fall 2026. Project partners include Geotek USA, Forma Engineering, SiteScapes, SummA Architecture, Gouvis Engineering, Tek Systems, …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNevadaWestern

Metcalf Builders Breaks Ground on 475,880 SF Bulk Industrial Facility in Reno

by Amy Works

RENO, NEV. — Metcalf Builders has broken ground on East Building 6 at Comstock Commerce Center, a logistics property owned by Locus Development Group. Slated for completion in fourth-quarter 2025, East Building 6 will offer 475,880 square feet of bulk industrial space designed to meet the needs of modern logistics and manufacturing space. The $24 million project is located within Tahoe Reno Industrial Center.

Continue Reading
FacebookTwitterLinkedinEmail
10901-Garden-Grove-Blvd-Garden-Grove-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Marcus & Millichap Brokers Purchase of Taco Bell-Occupied Restaurant Property in Garden Grove, California

by Amy Works

GARDEN GROVE, CALIF. — Marcus & Millichap has arranged the acquisition of a restaurant property located at 10901 Garden Grove Blvd. in Garden Grove. The Fouladinejad Family Trust purchased the asset from CY Investment LLC for $2.3 million. Sheila Alimadadian of Marcus & Millichap represented the buyer, while Mie Kim of Coldwell Banker Realty represented the seller in the deal. Taco Bell occupies the 2,527-square-foot building, which was built in 2019, with more than 19 years remaining on the original lease.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaHealthcareLeasing ActivityWestern

Loma Linda University Children’s Hospital Leases 8,400 SF Space at Highland Village in Fontana, California

by Amy Works

FONTANA, CALIF. — Loma Linda University Children’s Hospital has inked a 10-year lease to occupy 8,400 square feet of sub-anchor space at 16874 S. Highland Road within Highland Village in Fontana. Slated to open in early 2026, the location will provide basic pediatric urgent care services for patients age 0-21, including treatment for minor illnesses such as coughs, colds, flus, fever, sprains and other non-emergency medical conditions. Paul Su of Progressive Real Estate Partners represented the landlord, while Lon Mapes of LDM Commercial represented the tenant in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialMarket ReportsNevadaWesternWestern Market Reports

Southern Nevada Industrial Market Faces Short-Term Slowdown

by John Nelson

— By Jerry Doty of Colliers — While several other Western markets started to slow down in late 2022 or early 2023, the Southern Nevada industrial market seemed to be relatively unscathed going into 2024. However, the impact was finally felt early in the first quarter of 2024. It lasted through the remainder of the year.  Despite this noticeable decline in activity, most remained optimistic that it would be a quick slump. We were hoping 2025 would come out with guns blazing. These prognostications have so far proven to be incorrect. First-quarter 2025 felt very much like the past four quarters. This noticeable slowdown could not have come at a worse time. We are in the midst of a record wave of new completions that will continue to deliver through the third quarter. The Las Vegas industrial market delivered a little less than 16 million square feet of new inventory in 2024, bringing the total market up to 180 million square feet. The Valley is composed of eight different industrial submarkets, with the North being both the largest in total size (75 million square feet) and the largest amount of product under construction (almost 3.6 million square feet). At the …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts