Phoenix  (November 5, 2025) – CBRE’s Debt & Structured Finance Group has secured acquisition financing of $18.851 million on behalf of Sterling Organization and Cohen & Steers Income Opportunities REIT, Inc. for Deer Valley Towne Center, a 158,628-square-foot, regionally dominant power center located in Phoenix, Arizona.

CBRE’s Debt & Structured Finance team of Richard Henry, Brian Linnihan, Mike Ryan, and Shaun Moothart represented the borrower in the transaction

Strategically positioned at the southwest corner of State Route 101 and 27th Avenue, Deer Valley Towne Center is 98% leased and shadow anchored by Target and AMC Theatres. The center draws over 5.8 million annual visits, ranking in the 92nd percentile among community shopping centers statewide. The property features a robust tenant mix, including Ross Dress for Less, PetSmart, Michaels, Dollar Tree, and Five Below, with over 80% of net rentable area leased to nationally recognized credit tenants.

“Deer Valley Towne Center represents a premier retail asset in a market with some of the best retail fundamentals in the country,” said Henry. “This, combined with best-in-class institutional sponsorship, led to a highly competitive process in an environment where we continue to see credit spreads compress.”

The center benefits from frontage along State Route 101 and immediate access to Interstate 17. The surrounding trade area includes more than 285,000 residents within a five-mile radius.

GOODYEAR, Ariz. (Nov. 5, 2025) – Estrella welcomed the third Rio Mirage Café in the West Valley to its gateway recently with a groundbreaking event attended by local dignitaries, community leaders, Estrella representatives, and the Gomez family, the restaurant’s owners.

Located at 10047 S. Estrella Parkway, the new Rio Mirage Café will bring its popular Sonoran-style cuisine to the heart of Goodyear’s Estrella community. This marks the third location for the restaurant, which has been serving authentic family recipes since 1999. The other locations are in Surprise and El Mirage.

“We are honored to host the groundbreaking of our newest dining experience at Estrella,” said Jeff Zimmerman, Vice President of Development for Estrella Development Company. “Rio Mirage Café is a cornerstone of our vision for a welcoming, lively, and connected community.  Today is a testament to how important it is to have a restaurant at the gateway of Estrella. It’s the first new build, and sit-down restaurant. We are thrilled to have it here. We’re proud to partner with a beloved West Valley institution whose values align perfectly with ours.”

Stephanie Mendoza, Vice President of Operations for Rio Mirage Café and daughter of owners and founders Alex and Rachel Gomez, expressed her gratitude for the warm reception.

“This new restaurant isn’t just another location; it’s something that came to life because of the incredible people who’ve supported us through the years,” Mendoza said. “We’ve shared so many meals, stories, and celebrations, and those moments mean everything to us. We’re incredibly thankful for the support from the Estrella and Goodyear communities.

“We’re thrilled to be part of this vibrant community. The West Valley is home to Rio Mirage Café, and we look forward to adding our family’s history to Estrella’s future. We are excited to be a part of the Estrella family. Our restaurant will be a gathering place for residents and visitors alike, offering a taste of tradition in a modern, welcoming setting.”

The 9,000 SF restaurant will offer panoramic views of North Lake and the Estrella Mountains. It is billed as the “crown jewel” of the Rio Mirage Cafe Enterprise. The Gomez family is eager to take advantage of the incredible lakeside setting and create a destination that is unique to the area and missing in the West Valley.

The Spanish style blends Mission and Hacienda styles that fit so naturally in Arizona. To take advantage of the spectacular lakeside and distant vista views, the restaurant will be two stories, with private dining space on top, and an outdoor dining area. The restaurant is anchored by an enormous bar that is the gathering center surrounded by private sitting areas.

The stone, arches, Spanish tiles, and ornate iron details reflect the level of detail the family insisted on incorporating into the design. The dining areas are quaint, warm, and the perfect backdrop.

“The Gomez family had faith in me to bring a Spanish mission design that would be unique and fit into this neighborhood. We started out by looking at the land, taking advantage of these great views. Once it’s finished, it will be the new neighborhood meeting place. This will be a destination in Estrella, and in the City of Goodyear,” said Patrick O’Brien, Owner and Architectural Designer with O’Brien Luxury Designs, the project architect.

The general contractor is Desert Build (Josh Wagner).

“This opening is our way of saying thank you for believing in us, for showing up, and for letting us be part of your lives. We’re proud to keep growing right here in the West Valley – the place we call home – and keep doing what we love: serving great food, creating a welcoming space, and giving everyone one more place to relax, celebrate, and enjoy life’s good moments,” said  Alex and Rachel Gomez.

Added City of Goodyear Mayor Joe Pizzillo: “We’re excited that the Gomez family is bringing this restaurant to Estrella. Your success is our success. We wish you much success here.”

This is the second acquisition in the past 30 days for the private equity firm’s recent multifamily investment effort

Scottsdale (November 5, 2025) – Real estate private equity firm Stockdale Capital Partners (“Stockdale”) has closed on its second multifamily investment in the past 30 days with the acquisition of The Quincy at Kierland, a recently completed 266-unit luxury midrise multifamily community in an all-cash transaction.

The property is located at 15826 North Scottsdale Road, within the 730-acre master-planned community of Kierland in North Scottsdale. The Quincy at Kierland features a mix of one- and two-bedroom apartment homes, each with 10 ceilings, stainless steel appliances including a full-size washer and dryer, engineered hardwood floors, stone countertops, and walk-in closets.  Community amenities include a resort-style pool with a pool house and a fireside lounge, a fitness center, a yoga room, a pet park, a business center, and a 24-hour package room.

Since being delivered to the market in July 2024 by the seller, regional merchant builder EMBREY, The Quincy at Kierland has demonstrated exceptional lease-up velocity, reaching stabilization in only 12 months.

“The property’s location in North Scottsdale’s Kierland is a key growth driver supported by limited supply, proximity to major employment hubs in the submarket’s growing tech, finance, and healthcare sectors; top rated schools; and easy access to extensive retail, dining, and entertainment options at the nearby Kierland Commons and Scottsdale Quarter,” said Stockdale Managing Director Samuel Palmer, who along with Managing Director Chase Jensen leads the company’s multifamily platform. “Adjacent to the property is also a planned mixed-use development that will create additional demand and reflects the improving market fundamentals in North Scottsdale.”

IPA’s Steve Gebing and Cliff David marketed the property for sale on behalf of the seller, which will redeploy the sales proceeds for future development projects.

“Whether you are an established investor or building a multifamily platform from scratch, it’s key to demonstrate your ability to focus on speed and certainty of execution,” added Jensen.  “As we did with our first investment in Dallas, we were to able close in less than 45 days all cash from the time we were awarded the project, which helped the seller move on to its next project.”

Last month, Stockdale acquired Amelia at Farmer’s Market, a 297-unit Class A community in Downtown Dallas, TX in an all-cash transaction with additional multifamily acquisitions to be announced in the coming months.

Stockdale Capital Partners is a vertically integrated real estate investment firm with a 30-year history of investing in commercial real estate across multiple asset classes throughout the U.S. The company is an owner-operator specializing in the redevelopment and repositioning of real estate assets with expertise in revitalizing urban properties of all types. The firm currently manages approximately $3.0 billion in gross AUM on behalf of several discretionary, comingled, closed-end, and open-ended funds. For more information, please visit our website at www.stockdalecapital.com.