Thursday, October 16, 2025
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3405-S-Timberline-Rd-Fort-Collins-CO
ColoradoDevelopmentOfficeWestern

Neenan Co. Begins Construction of 102,000 SF Madwire Headquarters in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — The Neenan Co. has started constructed of the new headquarters for Madwire in Fort Collins. Owned by 2001 Danfield LLC, a Northern Colorado investor group that includes Curt Burgener, Brian Stahl, Dave Derbes and Troy Peterson, the 102,000-square-foot is being developed by Peakstone Development. Located at 3405 S. Timberline Road, the redeveloped property will activate a building that has been vacant for two years. The digital marketing software company will expand into the remodeled 102,000-square-foot building, which will accommodate 700 employees. Madwire currently occupies 70,000 square feet in a multi-tenant office building. The project will revitalize the vacant facility, which was built in 1980. The remodeled building will feature breakout spaces, an auditorium, a large gym with multiple sport offerings, and an outdoor patio and deck. Completion is slated for May 2019.

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Affordable HousingLoansMultifamilyOregonWestern

KeyBank Arranges $26.6M Loan for Affordable Housing Development in Tigard, Oregon

by Amy Works

TIGARD, ORE. — KeyBank Real Estate Capital has arranged $26.6 million Fannie Mae loan for the construction of The Fields Apartments, an affordable multifamily property in Tigard. The planned Low-Income Housing Tax Credits (LIHTC) property will consist of five four-story buildings offering a total of 264 affordable units, as well as a separate common area building. Fred Dockweiler of Key’s Commercial Mortgage Group arranged the fixed-rate loan for 2.5 years, with two six-month extension options.

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Pointe-Monterey-Business-Park-Palm-Desert-CA
AcquisitionsCaliforniaIndustrialWestern

Marcus & Millichap Brokers $10.2M Acquisition of Industrial Property in Palm Desert, California

by Amy Works

PALM DESERT, CALIF. — Marcus & Millichap has arranged the sale of Pointe Monterey Business Park, an industrial property at 34450 Gateway Drive in Palm Desert. Renken Consulting Group acquired the asset from Fullmer Construction for $10.2 million. Built in 2008, Monterey Business Park is a 113,945-square-foot, multi-tenant industrial property. At the time of sale, the property was 100 percent occupied by 10 tenants. Kevin Struve of Marcus & Millichap represented the buyer in the sale.

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Mission-Lake-Center-Riverside-CA
CaliforniaOfficeWestern

Stillwater Investment Group, Greenlaw Partners Sell Office Complex in California for $10.1M

by Amy Works

RIVERSIDE, CALIF. — A joint venture between Stillwater Investment Group and Greenlaw Partners has completed the sale of Mission Lake Center, a multi-tenant office complex located in Riverside. A private high-net-worth buyer acquired the property for $10.1 million. Gary Stache, Anthony DeLorenzo, Doug Mack and Sammy Cemo of CBRE represented the seller. Located at 3600 Lime St., Mission Lake Center features seven two-story, Class A office buildings totaling 74,646 square feet. The property underwent a $900,000 renovation and includes a water feature surrounded by landscaping, common area, and an on-site restaurant.

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302-N-Townsend-Santa-Ana-CA
AcquisitionsCaliforniaIndustrialWestern

SVN Vanguard Negotiates $5.2M Industrial Sale in Santa Ana, California

by Amy Works

SANTA ANA, CALIF. — SVN Vanguard has arranged the sale of an industrial building, located at 302 N. Townsend in Santa Ana. An undisclosed seller sold the property to a local owner-user for $5.2 million. The 39,089-square-foot property features 20-foot clearance, a warehouse ventilation and a drive-through capacity. Fernando Crisantos of SVN Vanguard represented the buyer and seller in the off-market deal.

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Willow-Creek-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Decron Properties Buys 208-Unit Multifamily Community in San Jose for $84.6M

by Amy Works

SAN JOSE, CALIF. — Decron Properties has acquired Willow Creek, a multifamily property located at 935 Willowleaf Drive in San Jose. An undisclosed seller sold the property for $84.6 million. Built in 1985, Willow Creek features 208 apartments in a mix of one- and two-bedroom floor plans. All units include full-size washers and dryers, central heating and air conditioning, walk-in closets, patios or balconies, and enclosed garages or covered parking. Community amenities include two resort-style pools and spas with poolside Wi-Fi access, a health and fitness center, a lighted tennis court, a children’s play area and landscaped courtyards. Salvatore Saglimbeni, Stanford Jones and Philip Saglimbeni of Institutional Property Advisors’ Palo Alto, Calif., office represented the seller in the transaction.

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3250-Business-Park-Vista-CA
AcquisitionsCaliforniaIndustrialWestern

BLT Enterprises Acquires 221,660 SF Manufacturing Facility in North San Diego for $31.1M

by Amy Works

VISTA, CALIF. — BLT Enterprises has purchased a corporate headquarters-quality industrial manufacturing and warehousing facility located at 3250 Business Park in Vista, a suburb northwest of San Diego. DENSO Wireless Systems America sold the property for $31.1 million in the sale-leaseback transaction. Built in 1997 by DENSO, the 221,660-square-foot facility is fully leased by the company, a supplier of advanced automotive technology, systems and components. The property features 28-foot to 30-foot clear heights, 12,000 amps of power and a backup generator system. Additionally, the property features sculptured concrete, reflective glass, a stylish canopy entry and a two-story glass-clad lobby. Situated on 16 acres, the asset also includes a yard and vehicle parking area, as well as a 3.7-acre parcel that is currently unpaved, offering the opportunity for future development. Rob Jacobsen of SD Realty Partners represented the buyer, while Aric Starck of Cushman & Wakefield represented the seller in the deal.

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Jordan-Downs-Plaza-Los-Angeles
CaliforniaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Primestor Development Starts Construction of $48M Mixed-Use Development in Los Angeles

by Amy Works

LOS ANGELES — Nadel Architects has announced that construction is underway on Jordan Downs Plaza, a $48 million mixed-use development in Los Angeles. Designed for Primestor Development, the overall $5 billion project will bring 115,000 square feet of retail and dining space to the Watts neighborhood of Los Angeles. Slated for completion in summer 2019, Jordan Downs Plaza will feature an open-air shopping and dining space, as well as a full-service supermarket, financial institutions, a fitness center, sit-down restaurants, cafés and a variety of local and national retailers. The revitalization project is situated on 10 acres and will be a “community living room” gathering-style plaza for the 34,000 area residents. The Nadel Architect team includes Greg Lyon, David Anderson, Keith Martinez and Andrew Wolff.

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Monaco-Apts-Salt-Lake-City-UT
AcquisitionsMultifamilyUtahWestern

Gelt Sells 247-Unit Monaco Apartments in Salt Lake City to Bridge Investment Group

by Amy Works

SALT LAKE CITY — Los Angeles-based Gelt Inc. has completed the sale of Monaco Apartments, a multifamily property located at 4115 S. 430 East in Salt Lake City. Bridge Investment Group acquired the property for an undisclosed price. Built in two phases in 1973 and 1978, the property is situated on 10.5 acres and features 23 three-story buildings offering 247 units in a mix of one- and two-bedroom layouts. Units features stainless steel appliances, walk-in closets and private balconies/patios. Additionally, select units offer fireplaces and washers/dryers. On-site amenities include a sport court and dog park, leasing office, clubhouse and fitness center. Gelt acquired the property in 2014 and made significant improvements to the asset, including rebranding the property with a new name and signage. Danny Shin and Brock Zylstra of Marcus & Millichap represented the buyer and seller in the deal.

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AcquisitionsMixed-UseOfficeOregonRetailWestern

Compass Commercial Brokers $6.1M Sale of Mixed-Use Complex in Bend, Oregon

by Amy Works

BEND, ORE. — Compass Commercial Real Estate Services has arranged the sale of Deschutes Business Center, located at 20332-20370 Empire Ave. in Bend. An undisclosed buyer acquired the property for $6.1 million. Situated on 5.5 acres, the asset features 54,508 square feet of mixed-use space. Robert Raimondi, Russell Huntamer and Paul Weaver of Compass Commercial Real Estate, along with John Keba of Compass Commercial Asset & Property Management, represented the undisclosed seller. Weaver, Gardner Williams and Peter May of Compass Commercial represented the buyer.

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