California

Interstate Equities Buys 160-Unit Workforce Housing Property in San Jose, California

by Amy Works November 19, 2025

SAN JOSE, CALIF. — Interstate Equities Corp. has acquired Atrium Garden, a multifamily community located at 1536 Kerley Drive in San Jose, from an undisclosed seller for $18.4 million. The four-story property offers 160 apartments on three levels over a ground-floor podium parking structure with 63 onsite parking spaces. Residences are fully furnished with beds, bedside tables and lamps, lounge chairs, built-in desks, chairs and TVs. Community amenities include a fitness center, media rooms, multiple resident lounges, community kitchens, onsite laundry facilities and an outdoor barbecue and lounge area.

November 19, 2025

California Development Loans Multifamily Top Stories Western

JPI Receives Construction Financing for $150M Apartment Project in Downtown Long Beach

by Amy Works November 19, 2025

LONG BEACH, CALIF. — Multifamily developer JPI has received construction financing from Tokyo Tatemono US Ltd. and BMO Bank for Portico, a $150 million apartment project in Long Beach, a coastal city situated about 25 miles south of Los Angeles. Located at 450 The Promenade N, Portico marks the first phase of the Mosaic redevelopment project, formerly known as City Place Long Beach. Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-, two- and three-bedroom apartments — 16 of which will be designated as affordable housing. The development will also include 18,841 square feet of ground-floor retail space, offering direct access to the pedestrian promenade. Community amenities will include a speakeasy, rooftop deck, sports simulator, sauna and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building’s brick façade. “This project represents a key step forward in reimagining downtown Long Beach,” says Mollie Fadule, chief financial and investment officer at JPI. “With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes; we are creating a destination that blends housing, retail and culture into a thriving urban experience.” The broader 14-acre Mosaic redevelopment, led by Turnbridge …

November 19, 2025

Acquisitions California Net Lease Retail Western

Hanley Investment Group Arranges $3.6M Pre-Sale of 7-Eleven Ground Lease in Yucaipa, California

by Amy Works November 18, 2025

YUCAIPA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the pre-sale of a newly constructed single-tenant retail property located at 11361 Bryant St. in Yucaipa. Evergreen Devco sold the absolute triple-net ground lease to a San Luis Obispo County, Calif., buyer for $3.6 million. Slated to open in early to mid-December, 7-Eleven will occupy the 4,088-square-foot convenience store and fuel station under a 15-year corporate lease. Bill Asher and Jeff Lefko of Hanley Investment Group, in conjunction with Jeff Stanley of Lee & Associates, represented Evergreen Devco, while John Hans of Colliers represented the buyer in the deal.

November 18, 2025

California Development Multifamily Western

Sudberry Properties Opens 200-Unit The Brynn Apartment Community in San Diego

by Amy Works November 17, 2025

SAN DIEGO — Sudberry Properties has opened The Brynn, the fourth apartment community at its 230-acre Civita at Mission Valley in San Diego. Situated on 3.3 acres at 2525 Via Alta, the property features 200 one-, two- and three-bedroom apartments in 19 floor plan options, ranging in size from from 612 square feet to 1,455 square feet. Units feature private patios or balconies, nine-foot ceilings, hardwood-style flooring in main areas, carpeting in bedrooms, fully equipped kitchens with LG Energy Star stainless steel appliances, quartz countertops and full-size washers/dryers. Community amenities include a pool and spa area with barbecues, lounges and fire pits, an indoor/outdoor bar, a recreation center, courtyards and a fitness studio with cardio equipment and strength training options. Additionally, The Brynn is linked to Civita Park amenities via a short trail. The project team includes Rockwood Construction, AO, RICK and Design Tec Inc. Sudberry Properties will provide property management services for The Brynn at Civita.

November 17, 2025

California Development Multifamily Western

CEDARst Cos. Breaks Ground on $106M Bancroft Lofts in San Diego

by Amy Works November 14, 2025

SAN DIEGO — CEDARst Cos. has broken ground on Bancroft Lofts, a $106 million multifamily development located at 3760 Bancroft St. in San Diego’s North Park neighborhood. Slated for completion by December 2027, the 255,000-square-foot project will deliver 218 residences. Designed by JWDA Architects and built by KPRS, the eight-story property will feature 76 studios, 121 one-bedroom and 21 two-bedroom units, including 16 income-restricted units. Onsite amenities will include 189 parking stalls, a resort-style pool with a TV wall, a hot tub, fitness center, resident lounge, grilling stations, a movie theater, golf simulator and dedicated coworking and remote-work space. Bancroft Lofts is being developed in partnership with Quartz Lake Capital under a programmatic joint venture. Pacific Life is the construction lender, and a publicly traded insurance firm is providing common equity. Chris Collins and Zach Kersten of JLL Capital Markets arranged the project financing.

November 14, 2025

Acquisitions California Industrial Western

Bridge Logistics Buys 1.1 MSF Inland Empire Distribution Facility

by Amy Works November 14, 2025

FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a 1.1 million-square-foot Class A industrial distribution facility in Fontana. Terms of the transaction were not released. Located at 10681 Production Ave., the cross-dock facility features 220 dock-high doors, ESFR sprinklers, 185-foot truck courts, 274 trailer stalls and immediate access to Interstate 10. BLP anticipates the property will be vacant in first-quarter 2026, providing the company with an opportunity to capitalize on improving market fundamentals for buildings over 1 million square feet. The company plans to implement facility enhancements, including sprinkler head upgrades, dock packages, office improvements and other make-ready upgrades.

November 14, 2025

Acquisitions California Multifamily Seniors Housing Western

Azure Partners Acquires 148-Unit Seniors Housing Community in San Diego

by Amy Works November 14, 2025

SAN DIEGO — Azure Partners has acquired Cypress Court, a senior living community located in San Diego. Totaling 148 units, the property features 76 independent living and 72 assisted living residences. Kisco Senior Living sold the community for an undisclosed price. JLL Capital Markets brokered the transaction on behalf of the seller. JLL also secured a 10-year acquisition loan through Freddie Mac on behalf of Azure. “Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in the sector,” says Arthur Rosenberg, CEO of Azure. Northstar Senior Living will continue to manage the property.

November 14, 2025

Acquisitions California Healthcare Office Western

Progressive Real Estate Partners Brokers $10.5M Sale of Indian Wells Medical & Professional Center in California

by Amy Works November 14, 2025

INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.

November 14, 2025

California Development Multifamily Seniors Housing Western

CCI to Develop 236-Unit Senior Living Community in Southern California

by Amy Works November 13, 2025

WOODLAND HILLS, CALIF. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles. Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community. Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms. Construction is scheduled to begin in the second quarter of 2026, with a grand opening planned for the second half of 2028. The project team includes architect Perkins Eastman and engineer KPFF. Envicom is handling environmental and land planning, and Carlberg Associates and Brenner Consulting Group are responsible for horticulture and permit administration, respectively.

November 13, 2025

California Industrial Loans Western

PSRS Arranges $21M Refinancing for Multi-Tenant Industrial Property in Los Angeles

by Amy Works November 13, 2025

LOS ANGELES — PSRS has arranged $21 million in refinancing for a 213,990-square-foot multi-tenant industrial warehouse in Los Angeles. Built in 1955, the property features a clear height of 22 feet and 13 exterior drive-in docks. Jonny Soleimani and George Gianoukakis of PSRS arranged the nonrecourse loan that features a two-year term with a one-year extension option, full-term interest-only payments and a one-year prepayment penalty through one of PSRS’ correspondent life insurance company lenders.

November 13, 2025

Newer Posts

Older Posts