California

SRS, Hanley Investment Group Broker $4.7M Sale of Plumas Bank-Occupied Retail Property in Susanville, California

by Amy Works May 5, 2025

SUSANVILLE, CALIF. — SRS Real Estate Partners and Hanley Investment Group Real Estate Advisors have arranged the sale of a retail property located at 3000 Riverside Drive in Susanville. A private investment group sold the asset to a San Diego-based private investor for $4.7 million. Plumas Bank occupies the 5,440-square-foot property under a new 15-year, absolute, corporate-guaranteed triple-net lease. Situated on 1.1 acres, the property was renovated in 2021. Alexander Moore of SRS Capital Markets and Jeff Lefko of Hanley Investment Group represented the seller in the transaction.

May 5, 2025

California Company News Restaurant Retail Western

Jack in the Box to Close Up to 200 Stores, Company to Explore Sale of Del Taco

by Amy Works May 2, 2025

SAN DIEGO — Jack in the Box Inc. has announced plans to improve its long-term financial performance across its restaurant system, which includes the closure of 150 to 200 underperforming Jack in the Box restaurants, as well as possible alternatives for its Del Taco brand, which it acquired in March 2022. Jack in the Box will implement a block closure program, which will comprise of approximately 80 to 120 restaurant closures between now and December 31, with the remaining underperforming restaurants closing thereafter, based upon franchise agreement termination dates. San Diego-based Jack in the Box Inc. operates and franchises Jack in the Box, one of the nation’s largest hamburger chains, with approximately 2,200 restaurants across 22 states, and Del Taco, the second largest Mexican-American quick-service restaurant chain by units in the U.S. with approximately 600 restaurants across 17 states.

May 2, 2025

Acquisitions California Retail Western

Marcus & Millichap Arranges Sale of 47,685 SF Warner-Euclid Shopping Center in Fountain Valley, California

by Amy Works May 2, 2025

FOUNTAIN VALLEY, CALIF. — Marcus & Millichap has brokered the sale of Warner-Euclid Plaza, a retail property located at 11035 Warner Ave. in Fountain Valley. A private seller sold the asset to a private investor for an undisclosed price. Ron Duong and Tyler Leeson of Marcus & Millichap represented the seller and procured the buyer. Anchored by Stater Bros., Warner-Euclid Plaza offers 47,685 square feet of retail space.

May 2, 2025

Acquisitions California Multifamily Student Housing Western

Landmark Properties, Stockbridge Acquire Two Student Housing Communities in Los Angeles

by Amy Works May 1, 2025

LOS ANGELES — Landmark Properties has partnered with Stockbridge to purchase two student housing properties near the University of Southern California (USC) in Los Angeles. TSB Realty brokered the sale, while TSB Capital Advisors arranged financing for the transaction. Terms of the transaction were not released. The purchase of Icon Plaza and West 27th Place marks the partnership’s third transaction. Both assets are adjacent to campus and within walking distance to USC’s main academic and recreational buildings. Landmark plans to renovate common areas and amenities at Icon Plaza as part of the acquisition business plan. West 27th was recently renovated, so no major renovations are planned. Located at 3584 S. Figueroa St., Icon Plaza is a 57-unit, 252-bed mid-rise community that was built in 2012. The property offers fully furnished floor plans ranging from two- to five-bedroom units with quartz countertops, stainless steel appliances, in-unit laundry and balconies. Community amenities include a resort-style swimming pool, rooftop lounge, clubhouse, fitness center and study rooms. Additionally, Icon Plaza has 6,200 square feet of ground-floor retail space that is occupied by Starbucks Coffee, Jersey Mike’s Subs, Movita, Juice Bar and Wingstop. Located at 530 W. 27th St., West 27th offers 161 units and 452 …

May 1, 2025

Alamitos-West-Health-Rehab-Center-Los-Alamitos-CA

Acquisitions California Multifamily Seniors Housing Western

Marcus & Millichap Arranges $34.5M Sale of Two Seniors Housing Properties in Los Alamitos, California

by Amy Works May 1, 2025

LOS ALAMITOS, CALIF. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos. The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility, and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer. Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California.

May 1, 2025

Acquisitions California Industrial Western

Voit Real Estate Services Brokers $13.2M Sale of Industrial Building in Santa Ana, California

by Amy Works April 30, 2025

SANTA ANA, CALIF. — Voit Real Estate Services has arranged the sale of an industrial building located at 2249 S. Yale St. in Santa Ana. Stage Stop 8 LLC sold the asset to Daytona Holding LLC, a locally owned manufacturing company, for $13.2 million. The buyer will use the 49,506-square-foot property as an auxiliary facility for its Southern California operations. Michael Hefner and Mike Vernick of Voit Real Estate Services represented the seller and buyer in the transaction.

April 30, 2025

Acquisitions California Office Western

Bailard Sells 90,191 SF Office Property in Orange, California

by Amy Works April 29, 2025

ORANGE, CALIF. — Bailard has completed the disposition of an office property located at 725 West Town and Country Road in Orange. A local buyer acquired the asset for $15.4 million. The five-story, 90,191-square-foot is currently 62 percent leased to 12 tenants. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the seller in the transaction.

April 29, 2025

Acquisitions California Retail Western

Hanley Investment Group Arranges $12.6M Sale of Shopping Center in Fullerton, California

by Amy Works April 29, 2025

FULLERTON, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $12.6 million sale of North Euclid Shopping Center, a 41,219-square-foot shopping center located in the Orange County city of Fullerton. A 21,480-square-foot Stater Bros. Markets formerly anchored the property. The remaining space is fully leased to a barber shop, hair salon, family dentist, chiropractic office, H&R Block and multiple quick-service restaurants. Kevin Fryman, Eric Wohl and Ed Hanley of Hanley Investment Group represented the seller, Anaheim, Calif.-based Kraemer Land Co., and the buyer, an off-market local private investor, in the transaction. Kraemer Land Co. has managed North Euclid Shopping Center for 21 years.

April 29, 2025

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Brokers $3M Sale of Industrial Property in Placentia, California

by Amy Works April 29, 2025

PLACENTIA, CALIF. — Lee & Associates | Orange has arranged the sale of an industrial asset located at 1101 Richfield Road within Miraloma Business Center in Placentia. Davcal sold the property to Chin Kim for $3 million. Originally built in 1991, the 7,492-square-foot warehouse facility features 400 amps, 120/208v, three-phase electrical service; 16-foot minimum warehouse clearance; two ground-level doors; 3,000 square-foot of office space, plus a second-floor office space; and easy access to local freeways. Jameson Hearne, Marshal Vogt and Bryan Miller of Lee & Associates | Orange represented the seller in the deal.

April 29, 2025

California Loans Mixed-Use Multifamily Restaurant Retail Western

Dwight Mortgage Provides $48M Construction Loan for Multifamily Project in San Diego

by Amy Works April 28, 2025

SAN DIEGO — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $48 million construction loan for GH 25, a planned multifamily development in San Diego. CAST Development is the borrower and project developer. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrower. The eight-story project will offer 114 studio, one- and two-bedroom apartments with ceiling heights up to 10 feet, floor-to-ceiling glass windows and private balconies. Onsite amenities will include a seventh-floor amenity terrace with a plunge pool, fire pits, barbecues and lounge areas. GH 25 will also feature 3,250 square feet of ground-floor retail space and commercial space anchored by a restaurant and wine bar concept. TFWA Architects is serving as architect for the project.

April 28, 2025

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