Tuesday, June 2, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

Cooley-Station-Gilbert-AZ
ArizonaDevelopmentRetailWestern

Evergreen Devco Breaks Ground on 172,000 SF Shopping Center in Metro Phoenix

by Amy Works

GILBERT, ARIZ. — Evergreen Devco has commenced construction for The Post at Cooley Station, a grocery-anchored shopping center located at the southeast corner of Recker and Williams Field roads in Gilbert. Situated on 23 acres, the retail center will feature 23,000 square feet of multi-tenant shop space in three buildings. Anchored by Fry’s Marketplace, the project will also include AutoZone, Taco Bell and Burger King. Currently, the center is 65 percent preleased, with one junior-anchor pad available. Butler Design Group, Optimus Civil Design Group, Kraemer Engineers and Laskin & Associates are the design consultants for the project. Alexander Building Co. is serving as site contractor. Evergreen Devco purchased the property on Sept. 19, and construction is scheduled for completion in third-quarter 2020.

Continue Reading
FacebookTwitterLinkedinEmail
Cardinal-Health-Riverside-CA
CaliforniaIndustrialLeasing ActivityWestern

Cardinal Health Leases 1 MSF Industrial Facility in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Cardinal Health has signed a long-term lease to occupy the an entire 1 million-square-foot, state-of-the-art warehouse and distribution facility in Riverside. The property is one of two facilities at Dedeaux Sycamore Canyon Distribution Park. Dedeaux Properties, the landlord, acquired the newly completed asset in August. Dublin, Ohio-based Cardinal Health plans to utilize the property at Sycamore Canyon Business Park as a key West Coast medical products distribution center. Cardinal Health provides medical products and pharmaceuticals to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician’s offices worldwide. Dedeaux Properties is currently nearing completion on an adjacent 361,346-square-foot warehouse building, which is slated for occupancy during fourth quarter of this year. Ian DeVries and Chris DeVries of Colliers International represented the landlord, while Dan de la Paz of CBRE’s Ontario, Calif., office represented the tenant in the lease transaction.

Continue Reading
FacebookTwitterLinkedinEmail
The-Armory-Boulder-CO
ColoradoDevelopmentMultifamilyWestern

Pollack Shores Real Estate to Develop 201-Unit Multifamily Property in Boulder, Colorado

by Amy Works

BOULDER, COLO. — Pollack Shores Real Estate Group has acquired an 8.55-acre land parcel, located at 4750 Broadway in Boulder, for an undisclosed price. The fully entitled, shovel-ready development site was formerly the Colorado National Guard headquarters. Pollack Shores plans to develop The Armory Boulder, a 201-unit market-rate apartment and townhome community, on the site by 2021. Matrix Residential, a Pollack Shores company, will manage the property. The Armory Boulder will be Pollack Shores’ first development in the Boulder market. Chris Cowan and John Jugl Jr. of Newmark Knight Frank represented the joint sellers, Bruce Dierking of Armory Community LLC and Jim Loftus of Loftus Development, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Platform 16 San Jose
CaliforniaDevelopmentOfficeTop StoriesWestern

Boston Properties, CPPIB to Develop 1.1 MSF Office Campus in Silicon Valley

by John Nelson

SAN JOSE, CALIF. — Boston Properties Inc. (NYSE: BXP) has formed a joint venture with institutional investor Canada Pension Plan Investment Board (CPPIB) to develop Platform 16, a 1.1 million-square-foot office campus in downtown San Jose. Boston Properties, a developer and owner of Class A office buildings, holds a 55 percent ownership stake in the joint venture. The Silicon Valley project will comprise three buildings situated near Diridon Station, the largest multi-modal transportation hub in the Bay Area consisting of the Caltrain, VTA light-rail and the ACE train lines, as well as the planned BART and high-speed rail lines. Platform 16 will also be near Guadalupe River Park and adjacent to Google’s planned transit village spanning 8 million square feet. “Platform 16 is ideally located in one of the largest technology hubs in the country,” says Aaron Fenton, vice president of development for Boston Properties. “With easy access to public transportation, as well as local housing, culture, food and entertainment, Platform 16 will help companies attract and retain the talent they need to support their growth.” Designed by Kohn Pedersen Fox Associates, Platform 16’s name originates from its proximity to Diridon Station and its planned 16 outdoor terraces across the …

Continue Reading
FacebookTwitterLinkedinEmail
Deer-Valley-Financial-Center-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Joint Venture Sells 127,612 SF Deer Valley Financial Center in Phoenix for $22.1M

by Amy Works

PHOENIX — A joint venture between Phoenix-based ViaWest Group and New York-based Taconic Capital Advisors has completed the disposition of Deer Valley Financial Center, an office property located at 2260 N. 19th Ave. in Phoenix. The Rodriguez Family Trust of Los Angeles acquired the asset for $22.1 million. Barry Gabel, Chris Marchildon and Will Mast of CBRE Institutional Properties in Phoenix and Geoff Turbow, Matt Pourcho and Anthony DeLorenzo of CBRE Investment Properties-SoCal/Phoenix represented the ViaWest Group in the transaction. Built in 2001, the two-story building features 127,612 square feet of Class A office space, including a common area and lobby, new tenant amenity lounge, an on-site café and bank. Additionally, the property features a parking ratio of 4.6 spaces per every 1,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
The-Boulders-Boulder-CO
AcquisitionsColoradoMultifamilyWestern

Heitman Purchases 161-Unit Multifamily Community in Boulder, Colorado

by Amy Works

BOULDER, COLO. — Heitman has purchased The Boulders, an apartment community located at 2850 Kalmia Ave. in Boulder. Broadshore Capital Partners sold the asset for an undisclosed price. Shane Ozment, Terrance Hunt, Justin Hunt and Andy Hellman of Newmark Knight Frank Multifamily represented the seller in the deal. Constructed in 1993, The Boulders features 161 apartments and offers access to the city’s 155-mile trail system. The buyer plans to renovate the property’s units to stay competitive in the market.

Continue Reading
FacebookTwitterLinkedinEmail
Cardenas-Marketplace-Ontario-CA
AcquisitionsCaliforniaRetailWestern

Reliable Properties Acquires 28,131 SF Retail Asset in California’s Inland Empire

by Amy Works

ONTARIO, CALIF. — Los Angeles-based Reliable Properties has purchased a retail property located in Ontario. Terms of the transaction were not released. Cardenas Market, an Ontario-based grocery chain, occupies the single-tenant asset. Located at the intersection of Holt Boulevard and Campus Avenue, the property features 28,131 square feet of retail space.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaIndustrialLoansWestern

Ready Capital Provides $11M Acquisition Loan for Two-Building Industrial Portfolio Near Los Angeles

by Amy Works

MONTEBELLO, CALIF. — Ready Capital has closed an $11 million loan to fund the acquisition of a two-building industrial property located in Montebello, approximately eight miles east of downtown Los Angeles. The undisclosed borrower executed a single-tenant lease with a large multi-national industrial company prior to acquisition close. Ready Capital closed the non-recourse, fixed-rate loan that features a 36-month term, 24-months of interest-only payments and no prepayment penalties.

Continue Reading
FacebookTwitterLinkedinEmail
2972-S-Rainbow-Blvd-Las-Vegas-NV
AcquisitionsNevadaRetailWestern

Colliers Brokers $1.6M Sale of 10,400 SF Retail Property in Las Vegas

by Amy Works

LAS VEGAS — Colliers International has negotiated the sale of a retail property in Las Vegas. The Gail M. Buy Trust sold the asset to Rainbow Coley LLC for $1.6 million. Located at 2972 S. Rainbow Blvd., the property features 10,400 square feet of retail space. Chris Connell and Grant Traub of Colliers International represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaMarket ReportsRetailWesternWestern Market Reports

San Diego Retail Development Continues — Strategically

by Taylor Williams

Whether it’s existing properties, new development, redevelopment or a repositioning effort, the key to success in San Diego’s retail market is to focus on customer experience. You have to make it attractive for them to come out from behind their computer screens, go outside, get some fresh air, look a total stranger in the eye and be social. The market is dominated by the coastal areas between Little Italy and Carlsbad. Primary core centers that are well located and occupied with strong daily needs anchors have the most fundamental stability. Secondary centers in beach-area submarkets have some vacancies but are attractive to tenants due to their proximity to the areas with the highest disposable incomes. Investors of tertiary centers, for the most part, are looking for ways to make their centers’ relevant, with forward-thinking owners investing capital to incorporate a mixed-use component like office, hotel or multifamily. Consumers in San Diego want a vibrant, inviting center with a superior customer experience immersed in beautiful landscape under the sun. The key is having a retail environment with premier anchors to get the customer to the center, along with a great mix of tenants and events to keep the customer at the …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts