Western

Pacific Building Group Completes 75,000 SF Sharp Rees-Stealy Medical Office Building in Chula Vista

by Amy Works April 20, 2026

CHULA VISTA, CALIF. — Pacific Building Group has completed construction of Sharp Rees-Stealy Chula Vista, a medical office building in Chula Vista. The project was developed by PMB, in partnership with Sharp Rees-Stealy Medical Group. HGW Architecture designed the property. Located at 480 H St., the three-story, 75,000-square-foot facility houses a variety of outpatient services, including primary and specialty care, urgent care, physical therapy, radiology, cardiology, neurology and laboratory and pharmacy departments. The property is connected via a covered bridge to a 127,000-square-foot, 375-stall parking structure.

April 20, 2026

Acquisitions Retail Washington Western

Newmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in Washington

by Amy Works April 20, 2026

RENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita and Chase Bank. The property is shadow anchored by Safeway. Billy Sleeth, Kevin Lemond and Mattie Tonseth of Newmark handled the transaction.

April 20, 2026

California Industrial Loans Western

PSRS Arranges $6.5M Refinancing for Flex Industrial Property in Carlsbad, California

by Amy Works April 20, 2026

CARLSBAD, CALIF. — PSRS has arranged $6.5 million in refinancing for a flex industrial property in Carlsbad. Constructed in 1998 and renovated in 2022, the asset consists of two two-story buildings totaling 65,964 square feet of net rentable area. The fully occupied, three-tenant property features a specialized mix of climate-controlled R&D/lab, warehouse and office space tailored for the biotech and semiconductor industries. Trevan Swierczewski of PSRS secured the loan, which features a competitive spread over the five-year Treasury and a flexible prepayment structure, for the undisclosed borrower through a local bank.

April 20, 2026

Acquisitions California Restaurant Retail Western

Evergreen Devco Sells Pollo Campero-Occupied Restaurant Property in Inland Empire for $2.9M

by Amy Works April 20, 2026

LAKE ELSINORE, CALIF. — Evergreen Devco has completed the disposition of a 3,000-square-foot, single-tenant restaurant property in Lake Elsinore. A San Bernardino, Calif.-based private investor acquired the asset for $2.9 million. Pollo Campero, a fast-casual Latin chicken restaurant, occupies the property on a 15-year absolute triple-net corporate ground lease with 10 percent rental increases every five years. The property is an outparcel to a Stater Bros.-anchored retail center. Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors represented the seller and developer, while Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer in the transaction.

April 20, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Brokers Sales of Two Westside Los Angeles Multifamily Properties for $46.3M

by Amy Works April 17, 2026

LOS ANGELES — Marcus & Millichap has arranged the sales of two apartment complexes in the Brentwood neighborhood of Los Angles for a combined value of $46.3 million. Rabbie Banafsheha and Tony Azzi of the Azzi Group of Marcus & Millichap represented the seller in the deal. Totaling 61 units, the properties include an asset at 11911 Mayfield Ave. with 31 units and a nonconforming studio and a 29-unit building at 11860 Kiowa Ave.

April 17, 2026

Acquisitions California Healthcare Western

Compass Capital Investments Buys 71,971 SF Medical Office Property in San Diego

by Amy Works April 17, 2026

SAN DIEGO — Compass Capital Investments has acquired RB Medical Plaza, a medical office property located at 11770 Bernardo Plaza Court in San Diego, from Bernardo Court MOB LLC for $18.2 million. RB Medical Plaza offers 71,971 square feet of medical office space spread across two buildings. The medical tenant mix includes dermatology, urology, pain management and chiropractic services. The asset was originally built in the 1980s and remodeled in 2023. Matt Porch, Anthony DeLorenzo and Chris Bodnar of CBRE represented the seller in the transaction.

April 17, 2026

Acquisitions California Hospitality Western

GreenTree Hospitality Group Divests of GreenTree Pasadena Inn in Southern California

by Amy Works April 17, 2026

PASADENA, CALIF. — GreenTree Hospitality Group has completed the sale of GreenTree Pasadena Inn in Pasadena to a private buyer for an undisclosed price. Stanley Wang and Gordon Allred of the Allred Hotel Group at Marcus & Millichap represented the seller in the deal. Located at 400 S. Arroyo Parkway, GreenTree Pasadena Inn is situated a few blocks from the Pasadena Convention Center, Old Pasadena and the historic Rose Bowl.

April 17, 2026

California Leasing Activity Retail Western

The Picklr to Open 18,500 SF Indoor Pickleball Facility in Fairfield, California

by Amy Works April 17, 2026

FAIRFIELD, CALIF. — The Picklr has signed a lease to open an 18,500-square-foot facility at 1574 Gateway Blvd. in Fairfield. Slated to open in May, the location will be The Picklr’s second Northern California facility. The Picklr Fairfield will offer seven pickleball courts, including one championship court, AI-powered coaching technology, league play, tournaments and drop-in play opportunities. Additional amenities will include a pro shop, grab-and-go food-and-beverage options, private event spaces, locker rooms and showers, outdoor surfacing areas and court reservations. John Brecher of JLL represented The Picklr in the lease negotiations. Founded in 2021, The Picklr is a membership-based indoor pickleball club concept designed to provide high-quality courts for players of all levels.

April 17, 2026

Acquisitions Colorado Development Restaurant Retail Western

Legacy Development Partners Buys 30-Acre Site for Legacy at Jackson Landing Retail Project Near Colorado Springs

by Amy Works April 16, 2026

MONUMENT, COLO. — Legacy Development Partners has acquired a 30-acre site at the northeast quadrant of Interstate 25 and Baptist Road in Monument, approximately 20 miles north of Colorado Springs, for the development of Legacy at Jackson Landing. Construction will commence immediately, with a grand opening scheduled for October 2027. Upon full build-out, Legacy at Jackson Landing will offer more than 225,000 square feet of retail and restaurant space. Target is slated to anchor the property. Other proposed tenants include Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Legacy at Jackson Landing is being developed through a strategic partnership with The Garrett Cos. Equity for the development was sourced with the assistance of Texas-based Telis Group, and Bank of Texas provided construction financing.

April 16, 2026

California Loans Multifamily Western

Dwight Capital Provides $23M HUD-Insured Loan for Refinancing of California Multifamily Property

by Amy Works April 16, 2026

HANFORD, CALIF. — Dwight Capital has closed a $23 million HUD 223(f) refinance loan for Berkshire Crossing, a multifamily community in Hanford. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the transaction on behalf of the borrowers, Fresno Supreme and Santa Lucia Ventures. The loan proceeds will be used to refinance existing debt on the property, provide the borrower with cash-out and 35-year fully amortizing, fixed-rate financing. Completed in 2022, Berkshire Crossing offers 92 garden-style one-, two- and three-bedroom floor plans spread across four residential buildings. Units feature stainless steel appliances, ceiling fans, walk-in closets and private patios and balconies. Community amenities include a swimming pool, spa, fitness center, package lockers and a community clubhouse.

April 16, 2026

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