California

Gantry Arranges $15.4M in Financing for Two Retail Properties in Monterey Bay Region

by Amy Works July 2, 2026

SALINAS AND CAPITOLA, CALIF. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan for the lender. The second property, Brown Ranch Marketplace in Capitola, features 85,000 square feet of retail space that is anchored by Trader Joe’s. The property received a 10-year, fixed-rate loan from a regional bank. The loan features a 25-year amortization with prepayment flexibility.

July 2, 2026

Acquisitions California Mixed-Use Restaurant Retail Western

Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

by Amy Works July 1, 2026

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

July 1, 2026

Acquisitions California Industrial Western

Lee & Associates Brokers $9.1M Sale of Three-Building Industrial Portfolio in Vista, California

by Amy Works July 1, 2026

VISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor. The 33,573-square-foot portfolio features a combination of stable single-tenant occupancy, modern offices, heavy power, secured loading and yard areas, grade-level loading doors and “highly functional” warehouse configurations designed to accommodate a broad range of manufacturing users. Rusty Williams, Chris Roth and Jack Rubendall of Lee & Associates – Williams Roth Group represented the buyer and undisclosed seller in the off-market transaction.

July 1, 2026

Affordable Housing California Development Multifamily Top Stories Western

Kennedy Wilson, Jamison Plan to Develop 4,000 Affordable Housing Units in Los Angeles

by Kristin Harlow July 1, 2026

LOS ANGELES — Kennedy Wilson and Jamison have entered into a joint venture partnership, with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground-up construction projects. The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. The first project is the conversion of the former LA World Trade Center office complex at 350 S. Figueroa St. The 400,000-square-foot property will be transformed into 512 affordable housing units and renamed Sky Castle. Units will come in one-, two- and three-bedroom floor plans. Amenities will include community rooms, a dedicated coworking space, resident lounge, onsite storage, laundry rooms and mail parcel rooms. Development on the first phase of Sky Castle is expected to begin in August and will focus on the building’s concourse levels, creating 241 units for families earning between 30 and 80 percent of the area median income. Phase II, planned for the office tower above, will add 271 units. The City of Los Angeles has approved the project under its new adaptive reuse ordinance. “Together, we will develop thoughtfully designed housing for families, seniors and communities through both adaptive reuse conversions …

July 1, 2026

Acquisitions California Office Western

Newmark Negotiates $24.5M Sale of Office Campus in Carlsbad, California

by Amy Works June 30, 2026

CARLSBAD, CALIF. — Newmark has negotiated the $24.5 million sale of Ventana, a Class A office campus located at 2173, 2175 and 2177 Salk Ave. in the Southern California city of Carlsbad. The names of the seller and buyer were not disclosed. Ventana features three buildings offering a total of 219,359 square feet of office space on nearly 15 acres. The property features institutional-grade construction, “large” and “efficient” floor plates and an amenity package that includes outdoor tenant areas and fitness facilities. At the time of sale, the campus was approximately 65 percent leased. Brad Tecca and Rick Reeder of Newmark represented the undisclosed seller in the deal.

June 30, 2026

California Loans Retail Western

Walker & Dunlop Arranges $46M Loan for Refinancing of Retail Center in Rosemead, California

by Amy Works June 26, 2026

ROSEMEAD, CALIF. — Walker & Dunlop has arranged a $46 million loan for refinancing for a retail center in the Southern California city of Rosemead. Trevor Fase and Lynn Pearson of Walker & Dunlop Capital Markets Real Estate Finance team secured the fixed-rate, interest-only permanent debt loan. Joel Minugh and James Ko of Wells Fargo provided the loan for the borrower, a family office. Located on Rosemead Boulevard, Rosemead Place features 336,718 square feet of retail space. Current tenants include Target, LA Fitness, Ross Dress for Less, PetSmart, ULTA Beauty and Dollar Tree.

June 26, 2026

Affordable Housing California Multifamily Western

C&C Development, Riverside Charitable Corp. Open 60-Unit Affordable Housing Community in Irvine, California

by Amy Works June 26, 2026

IRVINE, CALIF. — C&C Development, in partnership with Riverside Charitable Corp., has opened Cartwright Family Apartments, an affordable housing community in Irvine. Situated on 1.6 acres at 17861 Cartwright Road, the property features 60 apartments for households earning between 30 and 80 percent of the Orange County, Calif., area median income, with a portion of the units designated for veterans. Additionally, Cartwright Family Apartments includes a leasing presence for current Irvine residents or persons employed by the city. Designed by KTGY, Cartwright Family Apartments consists of four single-story residential buildings with 15 one-bedroom, 17 two-bedroom and 28 three-bedroom units with private balconies. Community amenities include a courtyard with pool, barbecue pavilion, tot lot, bike storage, community room with a kitchen, computer room, laundry room, leasing office and a supportive services manager office. At its opening, the property was 100 percent leased.

June 26, 2026

Acquisitions California Industrial Western

CBRE Negotiates $14.5M Sale of Industrial Property in San Marcos, California

by Amy Works June 25, 2026

SAN MARCOS, CALIF. — CBRE has negotiated the $14.5 million sale of an industrial property located in the Southern California city of San Marcos. An entity doing business as La Costa Meadows LLC sold the asset, located at 1755 La Costa Meadows Drive, to a private, 1031 exchange investor. Matt Pourcho, Anthony DeLorenzo and Rob Gunness of CBRE represented the seller in the transaction., while Michael Albert of Pacifica Capital and Kelly Betpolice of Kidder Mathews represented the buyer. Fluid Components International (FCI) fully occupies the 66,976-square-foot property. The company utilizes the property as its primary U.S. manufacturing facility and has occupied the asset since its construction in 1981.

June 25, 2026

40880-40935-40945-County-Center-Dr-Temecula-CA

Acquisitions California Industrial Western

CBRE Brokers $13.5M Sale of Multi-Tenant Industrial Park in Temecula, California

by Amy Works June 24, 2026

TEMECULA, CALIF. — CBRE has brokered the $13.5 million sale of a three-building industrial park located at 40880, 40935 and 40945 County Center Drive in Temecula. Jewell Capital LLC acquired the property from South La Brea LCC. Totaling 68,073 square feet, the park consists of three single-story buildings across two separate parcels. At the time of sale, the asset was 97.4 percent leased to multiple tenants with an average tenant size of approximately 3,012 square feet and “ample” grade-level parking. Matt Pourcho, Matt Harris and Anthony DeLorenzo of CBRE represented the seller in the transaction.

June 24, 2026

Acquisitions California Industrial Western

Mosaic Industrial Acquires 37,318 SF Alcalde Business Center in Laguna Hills, California

by Amy Works June 24, 2026

LAGUNA HILLS, CALIF. — Mosaic Industrial has acquired Alcalde Business Center, a 37,318-square-foot industrial park located in Southern California in Laguna Hills. Terms of the transaction were not released. Jeff Carr, Anthony DeLorenzo and Mark Shaffer of CBRE represented the buyer and undisclosed seller in the deal. At the time of sale, the three-building Alcalde Business Center was 94 percent leased to multiple tenants. The buyer plans to reposition the park to serve continued demand from the small-bay industrial users in South Orange County, Calif.

June 24, 2026

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