California

Barings Sells Seacliff Village Shopping Center in Huntington Beach to Asana Partners for $151M

by Amy Works February 5, 2026

HUNTINGTON BEACH, CALIF. — Barings has completed the disposition of Seacliff Village, a core grocery-anchored shopping center in Huntington Beach, to Asana Partners for $151 million. JLL secured an $83.8 million acquisition loan for the buyer. Situated on 26.7 acres at Yorktown Avenue and Main Street, Seacliff Village features 253,234 square feet of retail space that was 95.8 percent occupied at the time of sale. The property is anchored by a 69,925-square-foot Albertsons store. Additional tenants include LA Fitness, Staples, Panera Bread, Starbucks Coffee and four banks. The property is wholly owned, including all 11 outparcel and shop buildings. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL brokered the transaction. Anthony Fertitta Jr. and John Marshall of JLL arranged the acquisition financing for the buyer.

February 5, 2026

California Loans Multifamily Western

IPA Secures $52M in Financing for 98-Unit Arista Glendale Multifamily Property in California

by Amy Works February 5, 2026

GLENDALE, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $52 million in financing for Arista Glendale, a multifamily property at 520 N. Central Ave. in Glendale. Stefen Chraghchian of IPA Capital Markets secured the financing with Dwight Capital. The nonrecourse loan features a five-year, interest-only term at a 67.5 percent loan-to-value ratio. Arista Glendale features 98 two- and three-bedroom apartments with in-unit laundry, a 24/7 fitness center, swimming pool with a spa and private cabanas, a resident lounge, an outdoor firepit and barbecue area, a billiards gaming area and parking.

February 5, 2026

30900-30950-Rancho-Viejo-Rd-San-Juan-Capistrano-CA

Acquisitions California Office Western

CBRE Negotiates $9.8M Sale of Office Property in San Juan Capistrano, California

by Amy Works February 5, 2026

SAN JUAN CAPISTRANO, CALIF. — CBRE has brokered the sale of Marbella Commerce Center, a two-building office campus at 30900-30950 Rancho Viejo Road in San Juan Capistrano. A local private 1031 investor acquired the property for $9.8 million. Anthony DeLorenzo, Matt Didier, Sammy Cemo, Bryan Johnson and Jessie Tichelaar of CBRE represented the private seller in the transaction. Situated on a 2.4-acre lot, the two buildings offer 50,813 square feet of office space. Built in 2001, the asset was 96 percent leased to 17 tenants at the time of sale.

February 5, 2026

California Loans Multifamily Student Housing Western

Article Student Living Receives Refinancing for 720-Unit Student Housing Property Near UC Berkeley

by Amy Works February 4, 2026

BERKELEY, CALIF. — Article Student Living, an operating platform of QuadReal Property Group, has received refinancing for IDENTITY Logan Park, a two-phase student housing community serving the University of California, Berkeley. JLL Capital Markets secured financing with funds managed by Oaktree Capital Management for the borrower. Totaling 720 beds, IDENTITY Logan Park I and II are located at 2050 Durant Ave. and 2370 Durant Ave., less than half a mile from UC Berkeley’s campus in downtown Berkeley. The community features two buildings completed in 2022 and 2023 with a total of 204 studio, one-, two- and three-bedroom apartments. Units feature stainless steel appliances, in-unit washers/dryers and smart TVs. Community amenities include a 24-hour fitness center, rooftop sky lounge, study spaces and a dedicated campus shuttle service for residents.

February 4, 2026

California Leasing Activity Office Western

Anthropic Leases 466,000 SF Office Tower in San Francisco

by Amy Works February 3, 2026

SAN FRANCISCO — Anthropic, a leader in AI technology, has leased the entirety of 300 Howard, a 25-story, 466,000-square-foot office tower, and 342 Howard, a historic 18,000-square-foot building, both in San Francisco. The properties are owned and managed by a joint venture between DivcoWest and Blackstone Real Estate. JLL’s Chris Roeder, Ted Davies and Carlye Parker represented DivcoWest and Perform Properties, Blackstone Real Estate’s retail and office portfolio company, in lease negotiations. Felipe Gomez-Kraus and John Diepenbrock of JLL represented Anthropic.

February 3, 2026

Acquisitions California Development Hospitality Multifamily Retail Western

Shopoff Realty Investments Buys Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

by Amy Works February 3, 2026

WESTMINSTER, CALIF. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing. The project will also include more than 120 hotel keys, as well as more than 220,000 square feet of retail space. The site will also dedicate more than 15 acres to open space, including private resident spaces, open-air promenades and a network of walking trails. Current entitlement plans have been submitted to the city for review with anticipated approval in 2026. Demolition of the existing mall is planned for first-quarter 2026, with Target continuing to operate during this time. Once demolition and entitlements are completed, construction is slated to begin in fourth-quarter 2026.

February 3, 2026

Acquisitions California Office Western

CBRE Brokers $12.4M Sale of Two-Building Office Portfolio in La Palma, California

by Amy Works February 3, 2026

LA PALMA, CALIF. — CBRE has facilitated the sale of an office portfolio located at 24 and 26 Centerpointe Drive in La Palma. A local 1031 exchange investor acquired the property from an institutional seller for $12.4 million, or $257 per square foot. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE’s Private Capital Partners represented the seller in the deal. The 44,953-square-foot portfolio includes two high-image, single-story office/flex buildings situated within a landscaped campus setting. The portfolio features recent multi-million-dollar common area upgrades, a shared association lounge and efficient surface parking.

February 3, 2026

Acquisitions California Company News Industrial New York Northeast Top Stories Western

Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction

by John Nelson February 3, 2026

NEW YORK CITY AND EL SEGUNDO, CALIF. — Brookfield Asset Management (NYSE: BAM) has entered into a definitive agreement in which one of the firm’s private real estate funds will acquire the outstanding shares of Peakstone Realty Trust (NYSE: PKST), an industrial REIT that has a strategic focus on the industrial outdoor storage (IOS) sector. The El Segundo-based company, which sold off its final office assets in December, currently owns 76 industrial properties, including 60 IOS assets. At a proposed price of $21 per share, the all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The price represents a 34 percent premium relative to Peakstone’s share price on Jan. 30, the last full trading day prior to the announcement. “This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” says Michael Escalante, CEO of Peakstone. At the conclusion of the acquisition, Peakstone will be a privately held company and will be delisted from the New York Stock Exchange. Founded in 2009 as Griffin Realty Trust, the company was rebranded as Griffin Capital Essential Asset REIT in January 2023 and then as Peakstone Realty Trust in 2021. For Brookfield, the …

February 3, 2026

Acquisitions California Restaurant Retail Western

DJM Capital Sells Gateway Center Retail Property in Mission Viejo, California for $51M

by Amy Works February 2, 2026

MISSION VIEJO, CALIF. — DJM Capital has completed the sale of Gateway Center, a retail property located in Mission Viejo’s master-planned community, to Asana Partners for $51 million. Located at 23972-24042 Alicia Parkway, Gateway Center features 79,108 square feet of retail space that is 97 percent occupied. Current tenants include Chase Bank, Starbucks Coffee, San Diego County Credit Union and Pacific Dental Services. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Capital Markets represented the seller in the deal.

February 2, 2026

Acquisitions California Multifamily Western

Berkadia Arranges JV Equity Investor for 336-Unit Apartment Development in Fremont, California

by Amy Works February 2, 2026

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner on behalf of an institutional client for the development of Aurum, the final phase of a 966-unit multifamily project adjacent to the Warm Springs BART Station in Fremont. Brett Betzler and Kaohu Berg-Hee of Berkadia brokered the deal. Located at 3300 Innovation Way, Aurum will consist of a five-story, elevator-served building with 336 apartments and more than 600 structured garage parking spaces. Community amenities will include a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail space. Completion is slated for 2027.

February 2, 2026

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