California

ACC Closes on $191M Financing for 1,065-Bed Student Housing Development at UC Irvine

by Amy Works November 11, 2026

IRVINE, CALIF. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion.

November 11, 2026

California Loans Multifamily Western

Northmarq Arranges $105M Refinancing for Madrone Apartments in Silicon Valley

by Amy Works November 11, 2026

MOUNTAIN VIEW, CALIF. — Northmarq has arranged a $105 million refinancing of Madrone Apartments, a 272-unit community at 111 N. Rengstorff Ave. in Mountain View, 35 miles south of San Francisco. Nathan Prouty and Andrew Slaton of Northmarq arranged the financing on behalf of Prometheus Real Estate Group. New York Life provided the five-year, full-term interest-only loan, which refinances approximately $90 million in existing debt originally arranged by Northmarq in 2016. Prometheus is planning to develop eight accessory dwelling units (ADUs) following the loan closing.

November 11, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund Breaks Ground on $174M Affordable Housing Project in Fremont, California

by Amy Works November 10, 2026

FREMONT, CALIF. — USA Properties Fund has broken ground on Centerville Plaza, an affordable multifamily community in Fremont. Located at 37358 Fremont Blvd., Centerville Plaza will feature 290 one-, two- and three-bedroom apartments developed in two phases, with the first units available in spring 2028. The first phase will feature a single five-story building with 140 apartments dedicated to households earning 30 percent to 80 percent of the area median income (AMI) for Alameda County, while the second phase will include two buildings offering a total of 150 units that will have a 60 percent AMI rent and income limit. Apartments will include energy-efficient appliances and light fixtures, low-flow sinks, showers and toilets. Community amenities will include a clubhouse with kitchen, fitness center, barbecue areas and a resident resources area with social services provided by LifeSTEPS, as well as 257 parking spaces, including 27 EV chargers. Financing for the $174 million development includes a $12.8 million loan from the City of Fremont, along with tax-credit investor Bank of America and permanent lender Citi Community Capital for the first phase. The Bay Area Housing Innovation Fund provided a $17.1 million loan, and Housing Trust Silicon Valley provided a $10.3 million land acquisition …

November 10, 2026

California Development Multifamily Western

TruAmerica Multifamily Breaks Ground on 154-Unit Townhome Community in Santa Clarita, California

by Amy Works November 9, 2026

SANTA CLARITA, CALIF. — TruAmerica Multifamily has broken ground River Walk Townhomes, an apartment community in Santa Clarita. TruAmerica acquired the 10-acre site at 18300 Soledad Canyon Road in August 2026 and recently closed on construction financing for the development. First Citizens Bank & Trust Co. provided the financing. Jim Fisher of Northmarq represented the buyer and seller on the land purchase. David Pelaia of JLL arranged the construction loan. River Walk will feature 144 two-story, three-bedroom townhomes and 10 affordable apartments, providing a mix of market-rate and attainable rental housing options. Additionally, the community will feature 8,500 square feet of commercial and retail space. The first townhomes and community spaces are slated for delivery in spring 2028, with full completion scheduled for fall 2028. The community will feature a clubhouse with a fitness center and resident lounge, as well as a pool and spa, tot lot, dog park and outdoor barbecue patios.

November 9, 2026

Acquisitions California Development Industrial Western

Cabot Properties Buys 5.4-Acre Industrial Development Site in Los Angeles

by Amy Works November 9, 2026

LOS ANGELES — Cabot Properties has purchased a 5.4-acre site at 19701 Hamilton Ave. in Los Angeles’ South Bay submarket from a Brookfield-backed fund for an undisclosed price. The asset is fully entitled and permit-ready for the development of a 122,533-square-foot industrial facility designed to accommodate a wide range of manufacturing, warehouse and distribution uses. Brookfield’s BGRE operating team secured the entitlements. The property is also set within a federally designated Opportunity Zone. Chad Solomon, Patrick Nally, Makenna Peter, Shae Vomund, Zac Sakowski and Brianne Demus of JLL represented the seller in the transaction.

November 9, 2026

Acquisitions California Multifamily Seniors Housing Western

SlateView Capital Buys 151-Unit Seniors Housing Community in Southern California

by Amy Works November 4, 2026

FOUNTAIN VALLEY, CALIF. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles. Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater. The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August.

November 4, 2026

California Loans Retail Western

Slatt Capital Arranges $12M Refinancing for Multi-Tenant Retail Center in Palm Springs, California

by Amy Works November 4, 2026

PALM SPRINGS, CALIF. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs. Michael Kaplan and Andrew Friedeberg of Slatt Capital arranged the five-year permanent loan, which was structured with a 30-year amortization schedule, through a life insurance company on behalf of the unnamed borrower. Smart & Final Extra! anchors Gene Autry Plaza, which was built in 2009. Additional tenants at the property include Staples, Sports Clips, Goody’s Café, Panera Bread, Firehouse Subs and Five Guys.

November 4, 2026

Health-Medical-Outpatient-Solano-County-CA

Acquisitions California Healthcare Western

Newmark Arranges $130M Sale of NorthBay Healthcare Portfolio in Northern California

by Amy Works November 3, 2026

FAIRFIELD AND VACAVILLE, CALIF. — Newmark has brokered the sale of NorthBay Health Medical Outpatient Building Collection in Northern California’s Solano County. Totaling 222,073 square feet, the six fully leased healthcare buildings are located in Fairfield and Vacaville, Calif. NorthBay Health fully occupies the portfolio, which comprises five medical outpatient facilities and NorthBay Health’s office headquarters. HealthCore Foundation acquired the portfolio for $130 million. Ben Appel, Justin Shepherd, Jay Miele, John Naro, Michael Greely and Ron Ott of Newmark advised the undisclosed seller in the deal.

November 3, 2026

Acquisitions California Office Western

Pacific Coast Commercial Brokers Sale of 30,887 SF Office Building in San Diego

by Amy Works November 3, 2026

SAN DIEGO — Pacific Coast Commercial has arranged the sale of an office property located at 2831 Camino del Rio S in San Diego. An entity doing business as Camino Del Rio South LLC sold the asset to 2381 Camino Del Rio South LLC for $6.2 million. Tommas Golia, Jason Vieira and Colton Speas of Pacific Coast Commercial represented the seller, while the buyer was self-represented in the deal. Stewart Title Guaranty Co. handled escrow and title services for the transaction.

November 3, 2026

Acquisitions California Retail Western

Progressive Negotiates $6M Sale of Retail Center in Rancho Cucamonga, California

by Amy Works November 3, 2026

RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners has negotiated the $6 million sale of Allmark Plaza, a 16,926-square-foot retail center located in Rancho Cucamonga. Built in 1986, Allmark Plaza was fully leased at the time of sale to tenants including Domino’s Pizza, Mini-Mart, a nutrition shop, Mexican restaurant, diet center, salon, donut shop, day spa, dry cleaners and a dental office. Lance Mordachini and Monica Dal Bianco-West of Progressive represented the buyer, a California-based private investor. The seller, Allmark Property Management, represented itself.

November 3, 2026

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