Western

Partnership Completes Recapitalization of 733,497 SF Tech Campus in Goleta, California

by Amy Works March 20, 2026

GOLETA, CALIF. — A recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group and H.I.G. Capital has acquired Tech Park @ Goleta Portfolio, a Class A technology campus spanning five business parks in Goleta, from David Fradin for an undisclosed price. The campus features 17 buildings offering a total of 733,497 square feet of Class A space designed to accommodate office, flex, laboratory and industrial uses. Approximately 58 percent of the portfolio is dedicated to industrial and R&D space. Sean Fulp, Michael Kendall, Mark Schuessler, Gian Bruno, Kenny Patricia and Blake Hammerstein of Colliers, along with Francois DeJohn and Caitlin Hensel of Hayes Commercial Group, handled the transaction for both parties. CBRE’s Brad Zampa and Mike Walker provided debt and structured finance advisory services.

March 20, 2026

Affordable Housing California Development Multifamily Western

Sobrato Organization Opens 120-Unit Affordable Housing Development in Redwood City, California

by Amy Works March 20, 2026

REDWOOD CITY, CALIF. — The Sobrato Organization has opened The Millton, an affordable housing community located at 900 Chestnut St. in Redwood City, with units designated for residents earning between 30 percent to 80 percent of the area median income. The Millton features 120 studio, one-, two- and three-bedroom apartments across five stories. Apartments offer wood plank flooring, 10-foot ceilings, pantry/entryway closets, soaking tubs, stainless steel energy-efficient appliances, stone countertops in kitchens and bathrooms, recessed lighting and private balconies in select units. Community amenities include a 24-hour fitness center, onsite laundry, a business center with computers and printing capabilities, outdoor living spaces with barbecues and a resident lounge with seating, media and kitchenette. Additionally, the property offers bicycle storage with a repair station, high-speed Wi-Fi, controlled access, assigned garage parking and a playground.

March 20, 2026

Acquisitions Colorado Retail Western

CBRE Arranges $20.5M Sale of Shops at Dublin Commons in Colorado Springs

by Amy Works March 20, 2026

COLORADO SPRINGS, COLO. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a retail strip center in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction. Located at 5925 and 5935 Dublin Blvd., the 34,104-square-foot strip center was built in 2016 and 2018, respectively.

March 20, 2026

Acquisitions California Industrial Western

Kidder Mathews Brokers $14.9M Sale of Fully Leased Industrial Building in Burbank, California

by Amy Works March 20, 2026

BURBANK, CALIF. — Kidder Mathews has arranged the sale of an industrial property located at 2231-2249 N. Hollywood Way in Burbank. A family-owned investment company sold the building to a local private investor for $14.9 million. Situated on 1.6 acres, the 47,056-square-foot property is fully leased to four tenants. The building features multiple bays and flexible warehouse and office configurations. Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the seller in the deal.

March 20, 2026

Acquisitions Hawaii Retail Western

BH Properties Acquires 75,000 SF The Shops at Mauna Lani Retail Center in Hawaii

by Amy Works March 19, 2026

KAMUELA, HAWAII — BH Properties has purchased The Shops of Mauna Lani, an open-air retail center along the Kohala Coast on the Island of Hawaii. Terms of the transaction were not released. Situated on 6 acres at 68-1330 Mauna Lani Drive in Kamuela, the property offers 75,000 square feet of retail space. The center is anchored by Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations surf shop, Foodland Farms grocery store and a variety of local retailers, art galleries and wellness operators.

March 19, 2026

Affordable Housing California Development Multifamily Seniors Housing Western

Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

by Amy Works March 19, 2026

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily …

March 19, 2026

Acquisitions California Office Western

CBRE Arranges Sale of 69,032 SF Office Property in Anaheim, California

by Amy Works March 19, 2026

ANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction. Situated in Anaheim’s Platinum Triangle, the four-story property offers 69,032 square feet of office space.

March 19, 2026

Acquisitions California Industrial Western

DAUM Commercial Brokers Sale of 12,892 SF Warehouse in Canoga Park, California

by Amy Works March 19, 2026

CANOGA PARK, CALIF. — DAUM Commercial Real Estate Services has directed the sale of a warehouse building located at 805 Deering Ave. in Canoga Park. Chatsworth, Calif.-based Oak Cabessa of MAKS Enterprises acquired the property from 8015 Deering LLC for $3.8 million. Built in 1973, the 12,892-square-foot building features a clear height of 17 feet, grade-level loading, a gated rear concrete yard, fencing and a 1.6:1 parking ratio. Additionally, the property features 6,100 square feet of high-end designer office space with a reception area, hardwood laminate flooring, recessed LED lighting and a full-glass conference room. The buyer plans to use the property as a headquarters for warehousing electronic automobile modules. Dennis Marciniak of DAUM Commercial represented the seller, while Kevin Cooper of Delphi Business Properties represented the buyer in the deal.

March 19, 2026

Industrial Loans Oregon Western

Gantry Secures $12M Refinancing for Two-Building Industrial Asset in Hillsboro, Oregon

by Amy Works March 18, 2026

HILLSBORO, ORE. — Gantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 N.E. Wagon Drive Blvd. in Hillsboro. The 10-acre site features two buildings offering a total of 192,000 rentable square feet, including a single-tenant asset with 152,000 rentable square feet and an adjacent 40,000-square-foot multi-tenant flex building. Blake Hering, Kristin Lapinskas and Abi Hunter of Gantry’s Portland, Ore., office represented the borrower, a private real estate investor. The 10-year, fixed-rate nonrecourse loan set at a 25-year amortization was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender.

March 18, 2026

Acquisitions California Industrial Western

Forza Properties Acquires Two Small-Bay Industrial Buildings Near Sacramento for $9M

by Amy Works March 18, 2026

SACRAMENTO AND CARMICHAEL, CALIF. — Forza Properties has purchased two industrial properties for a combined $9 million. Matt Post, Anthony DeLorenzo and Sammy Cemo of CBRE represented the two sellers, 5753 Auburn Blvd LLC and MCA IGF Carmichael LLC, in the transactions. Matt Susac, Tyler Howell, Todd Sanfilippo and Walter Smyth of CBRE handled leasing for the properties. The multi-tenant property, located at 5753 Auburn Blvd. in Sacramento, sold for $4.8 million. The asset features 22 units spread across four buildings, with suites averaging 1,400 square feet. Each suite has one roll-up door, a 16-foot clear height and convenient access to Interstate 80. At the time of sale, the property was 97 percent leased. The fully leased property in Carmichael sold for $4.2 million. The asset includes 17 units averaging 1,529 square feet, 19 roll-up doors and 12-foot ceilings. The property recently underwent capital improvements, including roof work, exterior paint, asphalt upgrades and interior renovations. The property has immediate access to Interstate 80.

March 18, 2026

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