California

Sonnenblick-Eichner Arranges $115M Refinancing for La Bahia Hotel & Spa in Santa Cruz

by Amy Works June 16, 2026

SANTA CRUZ, CALIF. — Sonnenblick-Eichner Co., on behalf of Ensemble Investments, has arranged $115 million in first mortgage debt to refinance La Bahia Hotel & Spa, a newly opened waterfront hotel in Santa Cruz. Madison Realty Capital, working with Newbond Holdings, provided the five-year, floating-rate, nonrecourse loan. Opened in September 2025, La Bahia Hotel & Spa features 155 guestrooms, an indoor-outdoor spa, fitness center, outdoor pool and hot tub, three distinct dining concepts, the Pearl Champagne lobby bar and 13,720 square feet of meeting and event space.

June 16, 2026

Acquisitions California Retail Western

Marcus & Millichap Brokers $7.3M Sale of Retail Building in San Diego County

by Amy Works June 16, 2026

ESCONDIDO, CALIF. — Marcus & Millichap has brokered the $7.3 million sale of a retail building located at 1580 W. Valley Parkway in Escondido. Dollar Tree and Big Blue Swim School fully occupy the 20,085-square-foot property on triple-net leases with rental increases during the initial lease terms and option periods. Alvin Mansour of Marcus & Millichap represented the undisclosed seller and procured the buyer in the deal. Chad O’Connor of Marcus & Millichap Capital Corp. arranged $4.7 million in acquisition financing for the undisclosed buyer.

June 16, 2026

California Development Loans Mixed-Use Multifamily Retail Western

MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

by Amy Works June 12, 2026

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

June 12, 2026

California Loans Multifamily Western

PSRS Arranges $29.5M in Acquisition Financing for Mobile Home Park in Northern California

by Amy Works June 11, 2026

NORTHERN CALIFORNIA — PSRS arranged $29.5 million in acquisition financing for an unnamed mobile home park in Northern California. Michael Tanner and David Sarnoff of PSRS arranged the three-year, interest-only acquisition loan through a bridge lender. The borrower was also not disclosed. The 93-site manufactured housing community offers Pacific Ocean views and immediate proximity to state parks, retail and dining. The property features a range of amenities, including pet-friendly spaces, outdoor gathering areas and a resident lounge.

June 11, 2026

Acquisitions California Multifamily Western

Limited Partnership Sells 65-Unit Apartment Community in San Ramon, California

by Amy Works June 11, 2026

SAN RAMON, CALIF. — An entity doing business as Bollinger Crest Apartment Investors LP has sold 4000 Bollinger Crest Common, a multifamily property in San Ramon, to Pacific Urban Investors for an undisclosed price. Keith Manson, Zach Greenwood, Mac Watson and Tate Eames of Cushman & Wakefield represented the seller in the deal. Built in 2000, the property features 65 two-bedroom, two-bathroom residences averaging approximately 1,100 square feet. Units offer private, oversized individual garages, private balconies and patios and nine-foot ceilings.

June 11, 2026

Acquisitions California Industrial Western

EQT Real Estate Divests of 275,243 SF Industrial Building in Temecula, California

by Amy Works June 10, 2026

TEMECULA, CALIF. — EQT Real Estate has divested of 41980 Winchester Road, a 275,243-square-foot industrial building located in Temecula. San Diego-based investment company SENTRE acquired the asset for an undisclosed price. Bryce Aberg, Jeff Chiate, Rick Ellison, Charlie Jacobs, Matthew Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller in the deal. Max Schafer and Brian Share of Cushman & Wakefield’s Equity, Debt & Structured Finance team arranged acquisition financing for the transaction. The building features 26-foot clear heights, “efficient” loading capabilities and “ample” parking. The fully occupied property also provides immediate connectivity to major distribution corridors serving San Diego, Orange County, Calif., and the broader Inland Empire.

June 10, 2026

California Development Multifamily Seniors Housing Western

Bluhm Family Foundation Breaks Ground on 214-Unit Seniors Housing Community in Huntington Beach, California

by Amy Works June 9, 2026

HUNTINGTON BEACH, CALIF. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project located in Huntington Beach in Southern California. In May, the developer received $252.1 million in bond financing for the project. Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards. The opening is scheduled for 2028. Momentum Senior Living will manage the community.

June 9, 2026

Acquisitions California Retail Western

JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, California

by Amy Works June 9, 2026

EL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office. Located at 149 Fletcher Parkway, The Shops at Parkway Plaza features 122,484 square feet of retail space. Current tenants include Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s Grill + Bar. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the seller in the deal.

June 9, 2026

Acquisitions California Net Lease Retail Western

Hanley Investment Group Negotiates $5M Sale of Single-Tenant Retail Property in Clovis, California

by Amy Works June 9, 2026

CLOVIS, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located roughly eight miles west of Fresno in Clovis. A 7-Eleven convenience store and fuel station occupies the property, which was originally built in 1991 and renovated in 2019. Jacob Fahner and Jeremy McChesney represented the seller, a Los Angeles–based private investor, in the transaction. Jeffrey Leggio of ASU Commercial represented the buyer, a Bakersfield, California-based 1031 exchange investor.

June 9, 2026

California Loans Multifamily Western

IPA Capital Markets Arranges $123M in Financing for Multifamily Property in Burlingame, California

by Amy Works June 8, 2026

BURLINGAME, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $123 million in debt financing for Anson, a multifamily property in Burlingame. Situated less than four miles from San Francisco International Airport, the property features 268 one-, two- and three-bedroom floor plans with in-unit laundry facilities, stainless steel appliances and private patios or balconies. Community amenities include two courtyards with barbecue grills and hammocks, a fitness center, clubhouse, resort-style pool, pet spa and a coworking lounge. The loan features a interest rate of 5.09 percent, a DSCR of 1.10x and interest-only payments for the term. The financing structure also included $26 million in preferred equity from Tokyu Land US Corp. Brian Eisendrath, Cameron Chalfant, Anita Paryani-Rice and Jesse Zarouk of IPA Capital Markets in Los Angeles secured a five-year loan on behalf of a national multifamily owner, operator and investment firm.

June 8, 2026

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