California

Waterton Acquires 522-Unit AMLI Warner Center Apartments in Los Angeles

by Amy Works July 28, 2025

LOS ANGELES — Waterton has purchased AMLI Warner Center, a multifamily property situated in the Warner Center master-planned community in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Waterton will rebrand the gated community, located at 21200 Kittridge St., as The Kitt at Warner Center. Built in 2007, the property offers 522 one-, two- and three-bedroom floor plans, a resort-style pool and spa, grilling stations with picnic tables, a fire pit and outdoor fireplace, dog park and pet washing station, jogging path with a six-station exercise course, fitness center and two structured parking garages. Waterton plans to renovate the units with new stainless steel appliances, quartz countertops, new cabinet fronts and hardware in kitchens and baths, as well as updated lighting and plumbing fixtures, backsplashes, paint and vinyl plank flooring. Common areas will be reconfigured to maximize use of the space and enhance the resident experience.

July 28, 2025

California Loans Retail Western

Space Investment Partners, PCCP Complete $70M Recapitalization of University Square Shopping Center in San Diego

by Amy Works July 28, 2025

SAN DIEGO — A joint venture between Space Investment Partners and PCCP has completed the $70 million recapitalization of University Square, a grocery-anchored retail center in San Diego. Situated on 20 acres at 5821-5975 University Ave., University Square offers 199,115 square feet of retail space. The center is currently 98.5 percent occupied by a variety of tenants, including Food4Less, Marshalls, Crunch Fitness and Dollar Tree.

July 28, 2025

Acquisitions California Multifamily Western

Concord Capital Partners Buys The Park Wilshire Apartments in Los Angeles

by Amy Works July 25, 2025

LOS ANGELES — Concord Capital Partners has acquired The Park Wilshire, a multifamily building in Los Angeles’ Wilshire corridor. Kitty Wallace and Simmi Dhillon of Colliers represented the institutional seller and the buyer in the deal. The sale included an adjacent 14,002-square-foot parking lot. Originally constructed as a hotel, The Park Wilshire offers 170 apartments and a variety of amenities.

July 25, 2025

California Healthcare Loans Western

Gantry Arranges $85M Refinancing for Southern California Medical Office Portfolio

by Amy Works July 25, 2025

TORRANCE, CALIF. — Gantry has secured two loans, totaling $85 million, to refinance a portfolio of medical office properties serving the Torrance Memorial Medical Center’s physician, specialist and service provider communities. George Mitsanas, Braden Turnbull and Alicia Sabanero of Gantry arranged the loans for the private real estate investor. The 10-year, fixed-rate loans were secured through one of Gantry’s correspondent insurance company lenders and feature an introductory interest-only period, transitioning to 30-year amortization. Located in Torrance, the financed properties include the 10-building, 381,249-square-foot Skypark Medical and Office Center at Hawthorne Boulevard and SkyPark Drive and a 39,611-square-foot medical office building at 3640 Lomita Blvd.

July 25, 2025

Acquisitions California Loans Multifamily Western

Northmarq Brokers $33.5M Sale of Multifamily Property in Glendale, California

by Amy Works July 25, 2025

GLENDALE, CALIF. — Northmarq has brokered the sale and financing of TENTEN Glendale, a mid-rise apartment community at 111 N. Louise St. in Glendale. Amidi Group sold the asset to Regent Properties for $33.5 million. Built in 2019, TENTEN Glendale features 66 studio, one- and two-bedroom apartments with floor-to-ceiling windows, stainless steel appliances, in-home washer/dryers and quartz countertops. Community amenities include a rooftop pool and spa, a fitness center, business center and onsite office/retail space. Northmarq also arranged a $22.7 million bridge loan for the buyer, Regent Properties, through a correspondent relationship with a life insurance company. The transaction was structured on an initial two-year term with three one-year extension options. Vince Norris, Jim Fisher, Mike Smith and Tommy Yates of Northmarq’s Multifamily Investment Sales team represented the seller and secured the buyer in the deal. Joe Giordani, Brendan Golding and Scott Botsford of Northmarq’s Debt + Equity team arranged the financing for the buyer.

July 25, 2025

California Loans Retail Western

PSRS Secures $9.5M Refinancing for Plaza Las Brisas Retail Center in Murrieta, California

by Amy Works July 25, 2025

MURRIETA, CALIF. — PSRS has arranged $9.5 million in refinancing for Plaza Las Brisas, a retail property in Murrieta. The 43,000-square-foot shopping center, which features 214 parking spaces, was 97 percent occupied at the time of financing. Trevor Blood of PSRS secured the 10-year loan with a 30-year amortization schedule through a correspondent life insurance company for the undisclosed borrower. Loan proceeds refinanced a maturing CMBS loan.

July 25, 2025

Acquisitions California Industrial Western

BKM Capital, Kayne Anderson Buy 16-Building Bay Area Industrial Portfolio

by Amy Works July 24, 2025

CONCORD AND HAYWARD, CALIF. — BKM Capital Partners and Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, have acquired a three-property industrial portfolio in the San Francisco Bay Area. Details of the transaction were not released. CBRE National Partners handled the transaction. Totaling approximately 505,000 square feet across 16 buildings and 94 units, the portfolio consists of institutional quality, light industrial space situated on 34 acres of infill land with access to regional transportation. At the time of sale, the portfolio was 89 percent leased to more than 70 tenants, with unit sizes averaging just over 5,300 square feet. The portfolio includes the 10-building, 245,930-square-foot Concord Industrial Park in Concord as well as the three-building, 176,056-square-foot Huntwood Business Center and the three-building, 82,562-square-foot Hesperian Business Park in Hayward. The Concord asset will be renamed Mount Diablo Industrial Park as part of BKM’s broader repositioning plan.

July 24, 2025

Acquisitions California Industrial Self-Storage Western

Matthews Brokers Sale of 67,980 SF Southgate Mini Storage Property in Napa, California

by Amy Works July 24, 2025

NAPA, CALIF. — Matthews Real Estate Investment Services has brokered the sale of Southgate Mini Storage, a self-storage property located at 1025 Golden Gate Drive in Napa. Terms of the transaction were not disclosed. Shane Avera of Matthews handled the transaction. The seller has owned the 67,980-square-foot property for more than 50 years.

July 24, 2025

California Development Industrial Western

9th St., Clarion Break Ground on 473,250 SF Manufacturing Project at Bayside Technology Park in Fremont

by Amy Works July 23, 2025

FREMONT, CALIF. — 9th St. Partners LLC and Clarion Partners have broken ground on Campus at Bayside, an advanced manufacturing business park within Bayside Technology Park in Fremont. At full build-out, the six-building campus will offer 473,250 square feet of industrial space. Scheduled for delivery in second-quarter 2026, Phase I will feature 253,472 square feet across three buildings, designed to accommodate advanced manufacturing and R&D users. Each building will include a clear height of 32 feet, ESFR sprinkler systems and 4,000 amps of power with the ability to bring more power to the site. Phase I will include: – Building I: a 101,600-square-foot asset (expandable to 104,600 square feet), including 6,000 square feet of speculative office space (expandable to 12,000 square feet), 178 auto parking stalls, 11 dock-high and two grade-level doors, a 125-foot truck court and 10 EV charging stations; – Building 2: a 74,913-square-foot property with 5,020 square feet of office space, 119 auto parking stalls, eight dock-high doors and one grade-level door, a 125-foot truck court and 13 EV charging stations; – Building 3: a 76,959-square-foot facility (expandable to 78,959 square feet) with 4,000 square feet of speculative office space (expandable to 8,000 square feet), 140 auto parking …

July 23, 2025

Acquisitions California Retail Western

Hanley Investment Group Negotiates $3.8M Sale of Two-Tenant Retail Pad Site in Metro Sacramento

by Amy Works July 23, 2025

ROCKLIN, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.8 million sale of a two-tenant retail pad site in Rocklin, approximately 25 miles northeast of downtown Sacramento, for $3.8 million. Situated at 2303 Sunset Blvd., the 6,122-square-foot building is occupied by U.S. Bank and a drive-thru Animal Urgent Care, each on a triple-net-lease. Built in 2022, the property sits on roughly 1 acre. Nearby tenants include Taco Bell, Safeway, Costco, Target, The Home Depot, WinCo Foods and Chipotle Mexican Grill. Eric Wohl and CJ Kiehler of Hanley represented the seller, a locally based private developer, in the transaction. Avi Narang of BRC Advisors Real Estate Investment Services represented the buyer, a private investor.

July 23, 2025

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