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890-E-Mill-St-San-Bernardino-CA
AcquisitionsCaliforniaIndustrialWestern

Overton Moore Properties Buys 525,756 SF Warehouse in San Bernardino, California

by Amy Works

SAN BERNARDINO, CALIF. — Overton Moore Properties has acquired a warehouse located at 890 E. Mill St. in San Bernardino from a Brookfield-based fund for an undisclosed price. Jeffrey Cole, Jeff Chiate, Rick Ellison, Matthew Leupold, Aubrie Monahan and Kristen Schottmiller of Cushman & Wakefield’s Industrial Advisory Group represented the seller in the deal. Rob Rubano and Brian Share of Cushman & Wakefield arranged acquisition financing for the buyer. Situated in the Inland Empire East submarket, the 525,756-square-foot warehouse is fully leased to a high-quality tenant with 4.5 years of remaining lease term. The building features a cross-dock design, 192 dock-high loading doors, fully air-conditioned warehouse space and 771 trailer parking stalls on 29 acres of excess land.

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18012-Cowan-Irvine-CA
AcquisitionsCaliforniaOfficeWestern

NAI Capital Negotiates Sale of 26,481 SF Creative Office Building in Irvine, California

by Amy Works

IRVINE, CALIF. — NAI Capital has directed the purchase of a creative office building located at 18012 Cowan in Irvine. A private investor acquired the asset from an undisclosed seller for $9.2 million, or $345 per square foot. John Manion of NAI Capital represented the buyer, while Brian Garbutt and Alejandro Sherratt of Lee & Associates represented the seller in the transaction. The freestanding, two-story building offers 26,481 square feet of creative office space. The property was originally built in 1985 and underwent extensive renovations in 2020. The asset features high-image creative office space with exposed ceilings, an open-concept kitchen and an elevator serving the subterranean parking garage to the first and second floors. Additionally, the building features second-floor outdoor patios and prominent building-top signage.

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AcquisitionsCaliforniaMultifamilyStudent HousingWestern

San José State Buys 700-Bed Student Housing Asset from Throckmorton Partners for $165M

by Amy Works

SAN JOSE, CALIF. — San José State University (SJSU) has purchased Spartan Village on the Paseo (SVP) at 184 S. Market in downtown San Jose from Throckmorton Partners for $165 million. Throckmorton acquired the asset, the former Signia by Hilton Hotel south tower, in November 2023 and commenced a nine-month conversion into a 264-room student housing property with beds for approximately 700 undergraduate students. The 14-story property offers an onsite dining area and community kitchen, a fitness center, games room, co-learning spaces and a study lounge in the sky bridge. SJSU was granted access to $89 million in debt relief capacity as part of the state’s Higher Education Student Housing Grant program that allowed the university to enter a lease agreement with Throckmorton Partners. The agreement included an option to purchase after two years, which SJSU has implemented to assume ownership of the building.

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1695-Faraday-Ave-Carlsbad-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

CBRE Negotiates $13.5M Sale of Industrial Property in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — CBRE has arranged the sale of an industrial property located at 1695 Faraday Ave. in Carlsbad. AG-LC 1695 Faraday Owners LLC sold the asset to Faithway LLC for $13.5 million. Dennis Visser and Weston Yahn of CBRE represented the seller, while Blake Wilson and Roger Carlson of CBRE represented the buyer in the deal. Situated on 4.1 acres within Carlsbad Research Center, the 63,062-square-foot property features 3,000 amps of power, 24- to 25-foot clear heights and three dock-high doors.

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Avalon-San-Ramon-CA
AcquisitionsCaliforniaDevelopmentMultifamilyWestern

AvalonBay Communities to Develop 456-Unit Apartment Project in San Ramon, California

by Amy Works

SAN RAMON, CALIF. — AvalonBay Communities has closed on the purchase of a 5.7-acre site at 6200 Bollinger Road in San Ramon from Sunset Development Co. for an undisclosed price. Situated within the master-planned Bishop Ranch, the site will become Avalon San Ramon featuring two five- and seven-story residential buildings linked by a breezeway. The property will offer 456 apartments with spacious layouts, modern finishes and flexible spaces. Community amenities will include a fitness center, pool, work lounge, clubhouse, rooftop deck and a WAG Pet Spa. Construction is commencing this month, with completion slated for late 2027.

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Westlake-Gardens-Thousand-Oaks-CA
AcquisitionsCaliforniaOfficeWestern

Atlantic Pearl Investments Buys Two-Building Office Campus in Thousand Oaks, California for $19.2M

by Amy Works

THOUSAND OAKS, CALIF. — Atlantic Pearl Investments, a Ghassemieh family investment vehicle, has purchased Westlake Gardens, a two-building office campus in Thousand Oaks. A private seller sold the property for $19.2 million, or $193 per square foot. Located at 2535 and 2555 Townsgate Road, the asset offers 99,545 square feet of Class A office space. Sean Fulp, Mark Schuessler, Blake Hammerstein and Jordan Garcia of Colliers represented the seller. Jason Roth, also of Colliers, arranged acquisition financing for the buyer.

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18530-Van-Buren-Blvd-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Negotiates $4.6M Sale of Retail Building in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Progressive Real Estate Partners has negotiated the $4.6 million sale of an 8,960-square-foot, multi-tenant retail building located at 18530 Van Buren Blvd. in Riverside. Built in 1996, the property is 90 percent leased to seven food- and service-oriented tenants, including Subway, H&R Block, a barbershop and a pool supply store. The retail building is part of Orangecrest Plaza, a grocery-anchored shopping center. Orangecrest Plaza features several national tenants such as Albertsons and Petco. Greg Bedell and Trinnie Lee of Progressive represented the seller, a private Orange County-based investor, in the transaction. Vicky Casey and Josh Labogin of Casey & Associates represented the buyer, a Central California-based private investor.

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1976-Hacienda-Dr-Vista-CA
AcquisitionsCaliforniaRetailWestern

Brixton Capital Sells Pavilion Shopping Center in Vista, California for $30.5M

by Amy Works

VISTA, CALIF. — Brixton Capital has completed the disposition of Pavilion Shopping Center, a grocery-anchored retail center in Vista. Milan Capital Management acquired the asset for $30.5 million. Located at 1900-98 Hacienda Drive, the open-air shopping center offers 137,742 square feet of retail space. At the time of sale, the property was 95.3 percent leased to a variety of tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Situated on 10.8 acres, the property underwent extensive capital improvements, including a completely renovated parking lot that was sealed and striped in March 2025. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller. Jeff Sauze, John Chun and Allie Black of JLL secured $19.5 million in acquisition financing for the buyer.

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Sierra-del-Oro-Towne-Centre-Corona-CA
AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Negotiates Sale of 110,485 SF Shopping Center in Corona, California

by Amy Works

CORONA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman and Ed Hanley represented the seller, Phillips Edison & Co., in the transaction. Jesse Millman of Newmark represented the buyer, a private 1031 exchange investor based in Northern California.

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CaliforniaLoansMultifamilySeniors HousingWestern

Helios Arranges Refinancing for 165-Bed Skilled Nursing, Assisted Living Portfolio in Southern California

by Amy Works

FILLMORE AND SAN BERNADINO, CALIF. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio. 

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