BEVERLY HILLS, CALIF. — Kennedy-Wilson Holdings Inc. has entered into a definitive agreement to be acquired by an entity affiliated with a consortium led by CEO William McMorrow and Fairfax Financial Holdings Limited. The all-cash transaction is valued at $1.6 billion. The per share purchase price of $10.90 represents a 46 percent premium to Kennedy Wilson’s share price as of Nov. 4, 2025, the last trading day prior to a publicly disclosed proposal received by the company from the consortium. Fairfax is expected to have a majority of the economic interest in Kennedy Wilson immediately following the closing of the transaction, which is expected to occur in the second quarter of 2026 subject to the satisfaction of a number of customary closing conditions. Upon completion, Kennedy Wilson’s common shares will cease trading on the New York Stock Exchange and will be deregistered under applicable rules of the Securities and Exchange Commission. Beverly Hills-based Kennedy Wilson is a real estate investment company with $31 billion of assets under management in markets across the United States, United Kingdom and Ireland. The company went public in 2009.
ONTARIO, CALIF. — Affinius Capital, McDonald Property Group and PREMIER Design + Build Group have completed Phase I of The HUB @ Ontario International Airport (ONT), a master-planned logistics park in Ontario. The development is owned by CanAm Ontario, a venture between an investment affiliate of Affinius Capital and McDonald Property Group. Located adjacent to the Ontario International Airport, The HUB @ ONT spans 200 acres under a 55-year ground lease agreement with the Ontario International Airport Authority. Upon full build-out, the campus will total more than 4.2 million square feet of industrial space delivered over a 28-month schedule. Phase I includes four buildings offering more than 2 million square feet of industrial space. Phase II, slated for delivery this spring, will add five buildings totaling 2.2 million square feet on 96 acres of land to the project.
SAN DIEGO — Arka Properties and Black Equities have completed the disposition of Lakeshore Villa Apartments, an affordable seniors housing property in San Diego’s San Carlos nieghborhood, to an undisclosed buyer for $47 million. Otto Ozen, Shawn Bolour and Jordan Pakzad of The Mogharebi Group represented the seller in the deal. Located at 6888 Golfcrest Drive, Lakeshore Villa features two three-story buildings offering 126 one-bedroom/one-bath floor plans with an average unit size of 520 square feet. Lakeshore Villa Apartments benefits from a 100 percent Senior HUD HAP Contract, ensuring stable income and long-term occupancy. The buyer plans to invest capital into the property and has committed to extending the affordability of the asset.
SAN DIEGO — HP Investors has received $19 million in recapitalization financing for Gaslamp Square, a retail property at 405 5th Ave. in San Diego. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE arranged a floating-rate loan on behalf of the borrower. The financing features a multi-year interest-only period and a competitive structure with a maturity in 2029. Gaslamp Square features 54,856 square feet spanning a full block at 5th Avenue and J Street in downtown San Diego’s Gaslamp Quarter. The asset consists of retail condominiums and a 243-stall subterranean parking garage.
INDIO, CALIF. — CBRE has brokered the sale of a 46,220-square-foot industrial building located at 82309 Market St. in Indio. A Los Angeles-based 1031 exchange buyer acquired the asset from an undisclosed seller for $7.2 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones of CBRE represented the seller in the deal. Situated on 2.1 acres, the building includes 38,120 square feet of warehouse space and 8,100 square feet of office space. The warehouse portion of the property features 20-foot to 24-foot clear heights, four grade-level doors, two dock-high doors and a fully fenced, gated concrete tuck court. The current tenant recently renewed its lease at the property.
SANTEE, CALIF. — CBRE has brokered the sale of La Roca Plaza, an apartment property in Santee. Casa La Roca Apartments LLC acquired the asset from La Roca Plaza LP for $26.5 million. Situated on 4.6 acres, La Roca Plaza offers 100 one-, two- and three-bedroom floor plans. Community amenities include a pool, playground, central courtyard, onsite laundry, high-speed internet access and 154 onsite street parking spaces. Conor Brennan and Rachel Parsons of CBRE represented both the seller and buyer in the deal.
LOS ANGELES — JLL Capital Markets has directed the sale of Embassy Plaza, a neighborhood retail center in Los Angeles’ North Hollywood submarket. A Los Angeles-based family office acquired the asset from a private seller for $20.3 million. Located at 6050-6140 Lankershim Blvd., Embassy Plaza features 70,121 square feet of retail space anchored by Superior Grocers. At the time of sale, the property was 67 percent occupied. Current tenants include Starbucks Coffee, T-Mobile, Little Caesars and additional shops. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the buyer in the transaction.
BRENTWOOD AND CULVER CITY, CALIF. — TruAmerica Multifamily has acquired two apartment communities in West Los Angeles — Luxe Villas in Brentwood and Haven Apartments in Culver City. Terms of the transactions were not disclosed. Originally built in 2006 and renovated in 2022, Luxe Villas features one one-bedroom unit, 53 two-bedroom units and six former two- and three-bedroom units currently operating as 18 co-living suites. Community amenities include a rooftop lounge, central courtyard with lounge seating, electric vehicle charging stations and gated parking. Haven Apartments, which was built in 2019, offers 97 studio, one-, two- and three-bedroom layouts and 13,183 square feet of fully leased ground-floor retail space. Onsite amenities include a pool, spa, meditation lounge, clubroom with fireplace, outdoor courtyards with grills and fire pits, a rooftop deck with private cabanas, a billiards lounge, dog run and secure gated access. Orangetheory Fitness, Red Diamond Yoga, Papaya Pet Care and Karak House Coffee occupy the retail space. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated both sales, while IPA’s Brian Eisendrath and Jake Vitta advised TruAmerica on the debt for each property.
IRVINE, CALIF. — PSRS has arranged $4.5 million in refinancing for Armstrong Industrial, a light industrial building in Irvine. The 26,195-square-foot property is situated within a larger industrial park and features 105 parking spaces. The undisclosed borrower intends to implement a value-add business plan to convert the facility into a RV and self-storage property. Michael Tanner and David Sarnoff of PSRS secured the nonrecourse loan through a debt fund execution, providing a two-year, interest-only term.
SAN DIEGO — Golden Columbia, a real estate investment platform sponsored by locally based GANMI Corp., has completed the acquisition of two Class A office properties in downtown San Diego. Together, the buildings total 707,623 square feet. The sales price was not disclosed, but The San Diego Union-Tribune reports the properties traded for $103.5 million. The newspaper also reports that the seller, Regent Properties, purchased the two buildings for a combined $223.5 million in June 2021. The properties include One Columbia Place, a 27-story office tower located at 401 W. A St., and Two Columbia Place, a 12-story office building located at 1230 Columbia St. One Columbia Place comprises 556,943 square feet, and Two Columbia Place spans 150,680 square feet. According to a statement issued by GANMI Corp., long-term plans for One and Two Columbia Place include repositioning the properties into an “experience-driven workplace destination designed to support tenants, employees and the broader downtown ecosystem.” Enhancements at the buildings will be implemented in phases. “People don’t come back to the office for desks alone — they come back for energy, community and convenience,” says Casey Gan, CFO of GANMI Corp. “Our mission at Columbia Place is to build a complete workplace experience by …
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