California

IEC Acquires 357-Bed Multifamily Portfolio in Davis, California for Student Housing Conversion

by Amy Works April 13, 2026

DAVIS, CALIF. — Interstate Equities Corp. (IEC) has purchased a two-property apartment portfolio in Davis for $42.8 million from an undisclosed seller. The portfolio includes Pepperwood Apartments at 2222 Sycamore Lane and Temescal Apartments at 2477 Sycamore Lane. Situated approximately 2.8 miles from the University of California, Davis, the portfolio currently offers 141 units, or 357 beds. IEC plans to gradually transition leasing toward a “by-bedroom model,” which is prevalent in the Davis student housing market. Constructed in 1981 and 1983, Pepperwood and Temescal offer a mix of one-, two-, three- and four-bedroom apartments averaging approximately 1,090 square feet. The properties offer value-add potential, and IEC plans to maintain affordability while implementing targeted interiors and exterior upgrades to Pepperwood.

April 13, 2026

291-E-Hospitality-Lane-San-Bernardino-CA

Acquisitions California Restaurant Retail Western

Hanley Investment Group Negotiates $3.6M Sale of Starbucks-Occupied Retail Property in San Bernardino

by Amy Works April 13, 2026

SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property leased to Starbucks Coffee in San Bernardino. The newly constructed, drive-thru-only café prototype spans 1,200 square feet and operates on a 15-year triple-net corporate lease with 10 percent rental increases every five years. The asset is located at 291 E. Hospitality Lane. Bill Asher and Jeff Lefko of Hanley represented the seller, a local developer, in the transaction. David Kluver of Lee & Associates represented the buyer, a local investor from Orange County.

April 13, 2026

Acquisitions California Net Lease Restaurant Retail Western

Valore Ventures Buys 2-Acre Parcel in Oroville, California for Chick-fil-A Development

by Amy Works April 13, 2026

OROVILLE, CALIF. — Valore Ventures has acquired a 2-acre development parcel at 350 Oro Dam Blvd. East in Oroville and signed a long-term ground lease with Chick-fil-A for the site. The quick-service restaurant will commence construction of a 4,266-square-foot dual drive-thru restaurant this month. Ryan Orn of Capital Rivers Commercial Real Estate represented the seller, Maverick, in the deal. The financial terms were undisclosed.

April 13, 2026

California Development Loans Multifamily Western

Affinius Capital Receives $144M Construction Loan for The Carina Multifamily Project in Santa Ana, California

by Amy Works April 10, 2026

SANTA ANA, CALIF. — Affinius Capital has received $144 million in construction financing for The Carina, an apartment development in Santa Ana. Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul of JLL Capital Markets secured the three-year, floating-rate loan through QuadReal for the borrower. Located at 2828 N. Main St., The Carina will feature 408 apartments upon completion in October 2028. Construction began in April, with first units scheduled for delivery in May 2028. The nine-story property will offer a mix of studio, one- and two-bedroom apartments with stainless steel appliances, in-unit washers/dryers, quartz countertops, wood plank-style flooring and private balconies. Community amenities will include a resort-style swimming pool on an open-air, fourth-floor deck, an outdoor lounge and kitchen, fitness center, yoga and spin studio, resident game room, individual study rooms and offices, a dog run and wash, and onsite security. Lowe is managing development of the project. Greystar will provide property management for the community.

April 10, 2026

California Loans Multifamily Student Housing Western

Gantry Secures $14M Refinancing for Student Housing Property in Berkeley, California

by Amy Works April 10, 2026

BERKELEY, CALIF. — Gantry has secured a $14 million permanent loan to refinance a near-term maturity for a student housing property located at 2715 Dwight Way in Berkeley. Situated within walking distance of the University of California Berkeley campus, the asset offers 109 beds in 29 units featuring two-, three- and four-bedroom furnished floor plans with modern kitchens, in-unit washers/dryers and hardwood flooring. Tom Dao, Alex Poulos and Toby Judge of Gantry represented the borrower, a private real estate investor. The five-year, fixed-rate, nonrecourse loan was secured from Amalgamated Bank with terms, including introductory interest-only payments transitioning to 30-year amortization, prepayment flexibility and extension options.

April 10, 2026

Acquisitions California Multifamily Seniors Housing Western

MBK Senior Living Sells Two Communities in California Totaling 198 Units

by Amy Works April 9, 2026

MANTECA AND STOCKTON, CALIF. — MBK Senior Living has sold two seniors housing communities in California totaling 198 units. Clarion Partners acquired the communities for an undisclosed price. Located in Manteca and Stockton, the portfolio includes The Commons at Union Ranch and The Commons on Thornton. Built in 2004, The Commons on Thornton features 100 assisted living and memory care units. The property was 94 percent occupied at the time of sale. The Commons at Union Ranch was built in 2008 and comprises 98 assisted living and memory care units. The community was 97 percent occupied at the time of sale. Aaron Rosenzweig and Dan Baker of JLL represented the seller in the transaction.

April 9, 2026

California Hospitality Loans Western

Sonnenblick-Eichner Co. Arranges $26M Refinancing for Residence Inn Hotel in Walnut Creek, California

by Amy Works April 8, 2026

WALNUT CREEK, CALIF. — Sonnenblick-Eichner Co. has arranged a $26 million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek. Funded by a Wall Street investment bank, the nonrecourse fixed-rate, five-year loan features interest-only payments for the full term. Located in Walnut Creek, the six-story extended-stay hotel features 160 guest rooms and 870 square feet of meeting space, an indoor pool, fitness center, outdoor patio, barbecue area and subterranean parking for 144 cars. The property is located less than one-half mile from the Walnut Creek BART station, which provides access to downtown San Francisco and the surrounding Bay Area.

April 8, 2026

Acquisitions California Industrial Western

Partnership Acquires 113,500 SF Industrial Building in North Los Angeles

by Amy Works April 8, 2026

LOS ANGELES — A partnership between Slater Harding Partners, Foundation Capital Partners and Sierra Ridge Capital has purchased an industrial building, located at 12224 Montague St. in the Pacoima submarket of North Los Angeles, for an undisclosed price. David Harding, Matt Dierckman, Greg Geraci, Billy Walk and Kevin Carroll of Colliers represented the seller, Michael Lichstein, and the buyer in the deal. The 113,500-square-foot property features a clear height of 24 feet, 125-foot truck court, gated yard and 12 dock-high doors. The new ownership plans to implement a renovation program to enhance the building’s appearance and operational functionality.

April 8, 2026

Acquisitions California Restaurant Retail Western

Visintainer Group Brokers Sale of Vintner’s Square Shopping Center in Lodi, California, in Two Transactions

by Amy Works April 7, 2026

LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.

April 7, 2026

Acquisitions California Net Lease Restaurant Retail Western

Hanley Investment Group Arranges $4.6M Sale of Single-Tenant Retail Property in Metro Los Angeles

by Amy Works April 7, 2026

POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.

April 7, 2026

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