California

Gantry Secures $40M Loan for Xebec-Owned Industrial Properties Near Los Angeles

by Amy Works April 22, 2026

VERNON AND PACOIMA, CALIF. — Gantry has secured a $40 million permanent loan to retire maturing debt on two cross-collateralized industrial buildings in Vernon and Pacoima, two active Los Angeles submarkets. Both buildings are fully occupied with different single-tenant occupiers. PODS occupies the first building, a 203,000-square-foot property located at 5370 Boyle Ave. in Vernon. The second asset, located at 10445 Glenoaks Blvd. in Pacoima, is a 95,000-square-foot building used as a sound stage facility as part of the Quixote studios campus. George Mitsanas, Bahman Mirhashemi and Keegan Bridges of Gantry represented the borrower, a privately held real estate joint venture managed by Xebec, a private real estate investor. The five-year, fixed-rate loan was secured from an insurance company lender and features full-term, interest-only payments.

April 22, 2026

Acquisitions California Mixed-Use Multifamily Office Retail Western

Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California

by Amy Works April 22, 2026

POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.

April 22, 2026

Acquisitions California Retail Western

Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, California

by Amy Works April 21, 2026

WALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut. Portola Real Estate Partners acquired the asset from a Los Angeles-based private investor for $13.5 million. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal. Built in 1983, The Shops at Walnut Plaza features 19 e-commerce-resistant tenants, including restaurants, medical, beauty and daily-needs operators. O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry and Sky Nails are tenants at the 37,173-square-foot property.

April 21, 2026

Acquisitions California Industrial Western

Dunleer Acquires Multi-Tenant Industrial Building in Van Nuys, California for $10.5M

by Amy Works April 21, 2026

LOS ANGELES — Los Angeles-based Dunleer has purchased a multi-tenant industrial building located at 7502-7536 Tyrone Ave. in the Van Nuys neighborhood of Los Angeles for $10.5 million, or $307 per square foot, in an off-market transaction. The name of the seller was not released. Built in 2009, the 34,366-square-foot property features eight units with a clear height of 20 feet, fire sprinklers, 12-foot-by-12-foot loading doors, reserved and gated parking, air conditioning and high-finish space and bathrooms. At the time of acquisition, the property was fully occupied.

April 21, 2026

California Development Healthcare 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

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

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