Western

Walker & Dunlop Arranges $75 Million Refinancing Loan for North Las Vegas Asset

by Lynn Peisner January 29, 2026

NORTH LAS VEGAS, NEV. — Walker & Dunlop has arranged a $75 million loan to refinance North Park Living, a 380-unit property in North Las Vegas. SRB Living was the borrower. Benefit Street Partners was the lender for the floating-rate, interest-only loan. Walker & Dunlop’s team was led by Justin Nelson, Eric Norris, PJ Feichtmeier and Jared Diedrich. North Park Living consists of one-, two- and three-bedroom floor plans and amenities such as business and fitness centers, a resort-style pool, indoor and outdoor resident lounges and an entertaining kitchen and …

January 29, 2026

Colorado Finance News Western

Joint Venture Obtains $54 Million ReFi for Edmond Curtis Park in Denver

by Lynn Peisner January 28, 2026

DENVER — JLL has arranged a $54 million loan for borrowers Corum Real Estate Group, Prado Group and Ceolo Capital, owners of Edmond Curtis Park in Denver. The 185-unit property is in the Curtis Park neighborhood, known for 19th century-era houses, restaurants, breweries and galleries. The three-year, floating-rate refinancing loan was provided by Varde Partners. JLL Capital Market’s debt advisory team representing the borrowers was led by Kristian Lichtenfels and Ellie Savage. The Edmond was developed in 2025 on 1.7 acres. Amenities include a secure parking garage, community lounge, a …

January 28, 2026

Affordable Housing Colorado Development News Operations Western

ULC Opens Its First Ground-Up Affordable Housing Development in Denver

by Lynn Peisner January 27, 2026

DENVER — Urban Land Conservancy (ULC), a Denver-based affordable housing nonprofit, has completed construction and opened The Irving at Mile High Vista in Denver’s West Colfax neighborhood. Located at 3.270 W. Colfax Ave., the 102-unit community serves households earning up to 20 to 80 percent of area median income. With ULC’s ownership of the land through a community land trust, affordability is guaranteed for 99 years. The Irving is adjacent to the Denver Public Library’s Corky Gonzales branch. The architect was Studio Completiva, and the general contractor was Pinkard Construction. …

January 27, 2026

Affordable Housing Development Finance News Utah Western

KeyBank Secures $43.3 Million for Two Salt Lake City Affordable Housing Developments

by Lynn Peisner January 26, 2026

SALT LAKE CITY — KeyBank has secured $43.3 million in financing on behalf of the Housing Authority of Salt Lake City for a redevelopment and an adjacent ground-up affordable housing construction project. The projects include Sunrise Metro, a renovation of an existing 100-unit, four-story structure with the addition of 18 new units to the second floor, and Atkinson Stacks, a 100-unit new-construction building. KeyBank Community Development Lending and Investment (CDLI) provided a $27.3 million construction loan. KeyBank’s Commercial Mortgage Group (CMG) also arranged permanent financing with a $16 million Freddie …

January 26, 2026

Arizona Investment Sales News Western

Investors Capital Group Acquires Vertical East in Tucson for $22 Million

by Lynn Peisner January 23, 2026

TUCSON, ARIZ. — Vertical Street Ventures has sold Vertical East Apartments in Tucson to Seattle-based Investors Capital Group for $22 million. IPA’s Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David represented the seller. The property was developed in 2001 and is comprised of two- and three-bedroom floor plans. Community-wide amenities include a pool and hot tub, a picnic area and a dog park.

January 23, 2026

Colorado Finance Investment Sales News Western

Kennedy Wilson Buys The Fletcher Southlands in Aurora, Colorado, for $94.8 Million, Secures $61.8 Million Acquisition Loan

by Lynn Peisner January 23, 2026

AURORA, COLO. — Kennedy Wilson (NYSE: KW) has acquired The Fletcher Southlands in Aurora’s Southlands submarket for approximately $94.8 million from CBRE Global Investors. JLL Capital Markets has arranged a $61.8 million Freddie Mac acquisition loan for Kennedy Wilson. The Fletcher Southlands, located at 22959 E. Smoky Hill Road, was built in 2001 on a 23-acre site and features one- to four-bedroom units and amenities that include a pool and hot tub, fitness and business centers, a gaming area, covered parking, a dog park, package lockers, grills, valet trash services, …

January 23, 2026

California Investment Sales News Washington Western

IEC, PGIM Buy Four-Property Portfolio for $272 Million

by Lynn Peisner January 22, 2026

LOS ALTOS, CALIF. — Interstate Equities Corp. (IEC), a Los Altos-based investor specializing in value-add assets in California and the Seattle metro area, has acquired a four-property portfolio for $272 million with joint venture partner PGIM. Mesa West Capital provided a $201.5 million acquisition loan arranged by Eastdil Secured. The assets, developed between 1987 and 2015, are The Maddox (184 units) in Sunnyvale, California; Catalyst Mountain View (149 units) in Mountain View, California; Cirrus Redwood City (141 units) in Redwood City, California; and Cumulus SLU (100 units) in Seattle. IEC …

January 22, 2026

California Development News Western

Priority Capital Arranges $174 Million for Phase I of Blosser Ranch in Santa Maria, California

by Lynn Peisner January 20, 2026

SANTA MARIA, CALIF. — Zachary Streit, founder and president of Priority Capital Advisory, has arranged $174 million in financing for Canfield Development’s 160-acre master-planned project Blosser Ranch in Santa Maria. The loans will fund the first phase of construction: a 302-unit, three-story garden-style multifamily community set on 12 acres. The to-be-named property will be comprised of one-, two- and three-bedroom units and such amenities as a pool and hot tub, a clubhouse, fitness and business centers, grills, firepits and a pet park. Construction is underway, and Canfield estimates the apartment …

January 20, 2026

Colorado Development Leasing & Marketing News Western

Opus, Miller Global Properties Complete The Bellwether in Denver Tech Center

by Lynn Peisner January 20, 2026

DENVER — Co-developers Opus and Miller Global Properties have completed The Bellwether, a LEED-certified, 253-unit property located within the Denver Tech Center. The 908-acre office park is home to approximately 1,000 companies and hotels, restaurants, event venues, golf courses and multifamily housing. The community was developed on the site of a former parking lot. Opus and Miller Global Properties developed the property in a joint venture with Principal Asset Management. Opus was also the design-builder and architect of record on the project, and Lamar Johnson Collaborative was the interior designer. …

January 20, 2026

California Finance Industry Voices Investment Sales Operations Western

Why Renter Demand Is Surging Across the San Francisco Bay Area

by Lynn Peisner January 19, 2026

After several years of uncertainty, the San Francisco metro area multifamily housing market is showing clear signs of recovery. The first half of 2025 brought the largest expansion in multifamily demand in years. The 12-month trailing absorption surged to 3,700 units as of the third quarter, one of the highest levels in a decade. Vacancy rates have dropped to 5.1 percent, the lowest since 2014, and apartment rents are up 5.6 percent, placing San Francisco among the top metros in the nation for rent growth. Although sale prices had remained …

January 19, 2026

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