California

HSR, Haseko North America Close on Land, Secure Loan for 281-Unit Apartment Complex in Los Angeles

by Amy Works January 29, 2026

LOS ANGELES — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Haseko North America have closed on the land and secured a loan for the development of Jules San Pedro, an apartment community in Los Angeles’ San Pedro Waterfront Arts District. The site was acquired on Jan. 13. Terms of the transaction were not disclosed. Situated waterfront at 155 W. 6th St., the eight-story multifamily property will feature 281 apartments and 1,276 square feet of ground-floor corner retail space. Jules San Pedro will occupy a 1.2-acre full city block and is directly adjacent to the new Piazza Miramere. Designed by KFA Architecture, Jules San Pedro will offer a mix of studio, one- and two-bedroom floor plans. Community amenities will include a pool deck and courtyard with a sauna, spa and clubhouse, a central water-facing courtyard with indoor/outdoor fitness, a sky lounge and rooftop deck, multiple barbecue areas, a pet spa and an oversized coworking space with multiple conferences and work areas. The project will be Greenpoint Rated and feature sustainable elements, including electric vehicle charging stations and a rooftop, net-metered solar photovoltaic system. Groundbreaking is slated for later this quarter, with delivery scheduled for …

January 29, 2026

California Loans Multifamily Western

PSRS Arranges $6.9M in Construction Financing for Multifamily Project in Los Angeles

by Amy Works January 29, 2026

LOS ANGELES — PSRS has arranged $6.9 million in construction financing for AH Los Angeles, a multifamily development in Los Angeles. The ground-up project will feature 40 units dedicated entirely to affordable housing. Michael Warner of PSRS worked with a local bank to secure the loan, which features a 68 percent loan-to-cost ratio and interest-only payments for 24 months, on behalf of the repeat borrower.

January 29, 2026

Acquisitions California Restaurant Retail Western

RealSource Group Arranges $3.2M Sale of McDonald’s-Occupied Retail Property in Southern California

by Amy Works January 29, 2026

WILDOMAR, CALIF. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant restaurant property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

January 29, 2026

Acquisitions California Retail Western

Brixton Capital Buys Quad at Whittier Shopping Center in California for $100M

by Amy Works January 28, 2026

WHITTIER, CALIF. — Brixton Capital has acquired The Quad at Whittier, a nine-building shopping center in Whittier, from an undisclosed seller for $100 million. Located at 13400-13582 Whittier Blvd. and 8415-8330 Painter Ave., the 314,593-square-foot property was 95.5 percent occupied at the time of sale. Current tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. The retail center was originally constructed in 1953 and expanded in 1965 with renovations completed over time. Chase Levra and Chris Hoffmann of Eastdil Secured represented the seller, while Brixton was self-represented in the transaction. With this acquisition, Brixton’s retail holdings in Southern California amount to approximately 1.2 million square feet.

January 28, 2026

California Loans Mixed-Use Office Restaurant Retail Western

CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

by Amy Works January 28, 2026

NAPA, CALIF. — CBRE has arranged a $57.6 million loan for the refinancing of First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions to include Blue Bottle Coffee, Daily Recess and the Don Perico restaurant.

January 28, 2026

Acquisitions California Office Western

Partnership Acquires 206,000 SF Terraces Office Building in San Diego’s Kearny Mesa

by Amy Works January 28, 2026

SAN DIEGO — Tryperion Holdings, in partnership with a joint venture between Crescent Coast Partners and Stop Partners, has purchased Terraces, a Class A office building in San Diego’s Kearny Mesa submarket. The partnership acquired the six-story property for $30 million in an all-cash transaction that closed on Dec. 19. Situated on 14.7 acres at 5887 Copley Drive, Terraces features 206,000 square feet of office space with average floor plates of approximately 34,288 square feet. The new ownership plans to implement a targeted capital improvement program, beginning with enhancements to common areas and upgrades to the vacant suites. The building features secure, covered parking via a multi-story parking structure and a comprehensive amenity package, including a full-service café, fitness center with showers and lockers, conference facilities, outdoor terraces on floors three through six, a putting green and a sports court. Rick Reeder and Brad Tecca of Newmark represented the undisclosed seller, while Crescent Coast Partners and Stos Partners were self-represented in the transaction. Leasing efforts will continue to be led by Brett Ward, Michael Cassolato and Mike Novkov of Cushman & Wakefield.

January 28, 2026

Acquisitions California Multifamily Western

Bascom Northwest Divests of Tempo at Riverpark Apartments in Oxnard, California for $105M

by Amy Works January 27, 2026

OXNARD, CALIF. — Bascom Northwest Ventures, through an affiliate venture, has completed the sale of Tempo at Riverpark Apartments in Oxnard, to a venture led by Hines for $105 million. Blake Rogers, Alex Caniglia and Kip Malo of JLL handled the transaction. Apartment Management Consultants managed the community for Bascom Northwest over the holding period. Located less than one mile from the Pacific Ocean, Tempo at Riverpark features 235 apartments with in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms, spacious open floor plans and balconies or patios. Community amenities include an outdoor pool and spa, poolside cabanas, an outdoor barbecue area and fireplace, a 24/7 fitness center, yoga/spinning room and attached garages. Bascom Value Added Apartment Investors Fund IV, an affiliate of The Bascom Group, and a private investment group led by Bascom Northwest purchased the property for $75.2 million in 2028. Brian Wirtz of Bascom Northwest assisted throughout the investment execution process.

January 27, 2026

California Loans Retail Western

Northmarq Arranges $35.7M Bridge Loan for Conejo Valley Plaza Retail Center in Thousand Oaks, California

by Amy Works January 27, 2026

THOUSAND OAKS, CALIF. — Northmarq has arranged $35.7 million in financing for Conejo Valley Plaza, a grocery-anchored retail center in Thousand Oaks. The borrower is Gerrity. Matt Radich and Mason Brower of Northmarq’s Debt + Equity team secured the bridge loan through Northmarq’s long-standing relationship with New York Life. The transaction was structured on a five-year term with interest-only payments for the full term. Situated on 12.3 acres at 1388-1416 N. Moorpark Road, Conejo Valley Plaza offers 128,243 square feet of retail space. The property was built in 1983 and renovated in 2005. Current tenants include Ralphs, Toppers Pizza, Poke Land and Rise Southern Biscuits.

January 27, 2026

California Industrial Market Reports Western Western Market Reports

Repositioning Opens the Door to New Possibilities in Inland Empire’s Industrial Market

by John Nelson January 27, 2026

— By Richard Schwartz of SRS Real Estate Partners — The Inland Empire industrial market has undergone significant recalibration over the past 24 months, moving from the “too hot” environment of 2022 and 2023 marked by record construction and rent escalation to a period of normalization. Construction-driven vacancy has pushed the market into a digestion phase, marked by softening rents, adjusting sale prices and a reset in landlord-tenant expectations. These dynamics will unlock new opportunities as we enter 2026. Limited New Development Creates Breathing Room CoStar data compiled by SRS shows that new construction peaked in 2023 with about 29.5 million square feet delivered. This was followed by 17.8 million square feet in 2024 and an expected 16 million square feet in 2025. Deliveries are projected to fall to roughly 10 million square feet in 2026, making it the lightest post-pandemic year of new supply. This delivery includes several notable projects, such as Amazon’s 2.5-million-square-foot “middle-mile” facility in Hesperia, a 650,000-square- foot storage facility in Desert Hot Springs and a 1.2-million-square-foot facility in Apple Valley that’s leased to Lecangs. This means that more than half of the Inland Empire’s 2026 construction pipeline is already pre-leased, reducing speculative exposure while accelerating the rise …

January 27, 2026

California Development Hospitality Western

Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel

by Amy Works January 26, 2026

ARCADIA, CALIF. — San Diego-based Azul Hospitality Group has opened Hilton Arcadia Los Angeles, a full-service Hilton-branded hotel in Arcadia. The 173-room property includes a mix of guest rooms and suites, approximately 17,800 square feet of flexible indoor and outdoor meeting and event space, a heated outdoor pool, fitness center and business hub. Additionally, the hotel features three food-and-beverage outlets, including Hipico rooftop restaurant and terrace; 19Seventy at the Ovalo Restaurant & Bar, an all-day dining concept; and Sottaku by Kisen & Kaiseki Motoishi, a speciality sushi and Japanese dining outlet. Situated near the historic Santa Ana Racetrack, the hotel also offers racetrack-facing views from select rooms. Azul Hospitality Group operates properties in 29 markets across 11 states, with a portfolio that includes 21 global hotel brands. Azul also manages and concepted more than 40 independently branded restaurants and skyline bars, as well as cafés, counter-service concepts and speakeasies.

January 26, 2026

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