California

JLL Arranges $26M Bridge Financing for Industrial Outdoor Storage Facility in Anaheim

by Amy Works May 6, 2026

ANAHEIM, CALIF. — JLL Capital Markets has arranged $26 million in bridge financing for a 7.75-acre industrial outdoor storage facility located at 1477 N. Jefferson St. in Anaheim. Peter Thompson, Kyle White and Nick Englhard of JLL Capital Markets secured the nonrecourse, three-year, floating-rate loan for the borrower, North Palisade Partners. Fully leased to a Fortune 100 logistics company, the property offers 337,590 square feet of Class A industrial space. The tenant utilizes the facility as mission-critical secured parking to support two nearby distribution centers. The property includes 161 trailer parking stalls and two points of ingress and egress, serving as secure parking for delivery trucks and trailers.

May 6, 2026

California Development Industrial Loans Oregon Washington Western

IPA Capital Markets Secures $116.5M Construction Loan for Pacific Northwest Industrial Property

by Amy Works May 5, 2026

LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.5 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest. Gary Mozer and Lee Norman of IPA secured the financing on behalf of a national real estate development investment firm specializing in the acquisition, development and management of commercial real estate. “The credit nature of the tenant allowed us to secure 95 percent loan-to-cost financing at a five-year, fixed rate of 5.28 percent,” said Mozer. “The loan includes yield maintenance prepayment terms, with the final six months open with no prepayment penalty.”

May 5, 2026

Acquisitions California Retail Western

Brixton Capital Buys Escondido Gateway Shopping Center in Metro San Diego for $28M

by Amy Works May 5, 2026

ESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, Calif.-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at the time of sale. Brixton will focus its immediate efforts on leasing the two vacant retail suites.

May 5, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Brokers $20.2M Sale of El Dorado Apartments in Belmont, California

by Amy Works May 5, 2026

BELMONT, CALIF. — Marcus & Millichap has directed the sale of El Dorado Apartments, a multifamily community in Belmont. The assed traded for $20.2 million, or $518,910 per unit. Robert Johnston, Adam Levin and Arman Sadigh of Marcus & Millichap represented the undisclosed seller and procured the undisclosed buyer in the deal. Constructed in 1962, El Dorado Apartments features 39 units in a mix of one- and two-bedroom layouts. Unit interiors have been upgraded and select units have washers/dryers, dishwashers, stainless steel appliances, modern cabinetry and kitchen islands. Community amenities include a fitness center and private covered parking.

May 5, 2026

California Loans Multifamily Western

JLL Arranges $46.3M Refinancing for Multifamily Community in Long Beach, California

by Amy Works May 4, 2026

LONG BEACH, CALIF. — JLL Capital Markets has arranged $46.3 million in refinancing for 200 W. Ocean, a 106-unit multifamily community in downtown Long Beach. Jeff Sause, Jacob Michael and Thomas Gonzalez of JLL represented the undisclosed borrower in the financing. The property is an adaptive reuse of a former Class B office building that was redeveloped into a multifamily property atop a three-story subterranean garage. Delivered in August 2022, the community features an amenity deck with a pool and fireplaces, a fitness center and smart-entry features.

May 4, 2026

Acquisitions California Office Western

BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

by Amy Works May 4, 2026

ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the deal.

May 4, 2026

California Healthcare Loans Western

Matthews Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in California

by Amy Works May 4, 2026

OXNARD, CALIF. — Matthews Capital Markets has secured a $22.5 million acquisition loan for a four-property medical office and regional center portfolio in Oxnard. Geoffrey Arrobio of Matthews Capital Markets handled the financing. The undisclosed borrower acquired the 193,066-square-foot portfolio at a 10 percent cap rate. Located at 1701 and 1801 Solar Drive, 1901 Rice Ave. and 2401 E. Gonzalez Road, the portfolio was 92 percent occupied at the time of sale. The borrower plans to execute a value-add business plan that includes expanding certain medical uses, interior building upgrades and implementing energy-efficient systems, including solar.

May 4, 2026

California Development Hospitality Mixed-Use Multifamily Restaurant Retail Western

Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange County

by Amy Works May 1, 2026

WESTMINSTER, CALIF. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the vacant Westminster Mall in Orange County. Designed by AO, the project will transform the former mall into a 83.3-acre downtown destination. Upon completion, Bolsa Pacific will feature 2,250 residential units, 220,000 square feet of retail and restaurant space, a 120-key hotel and more than 15 acres of publicly accessible open space. The residential component will include market-rate and affordable housing, as well as for-sale townhomes spread across five multifamily buildings. Demolition of the former Westminster Mall is underway. The existing Target will remain open during construction, with a new store planned and relocated within the overall development. The project is located along the 405 Freeway and 10 minutes from the Los Angeles County border. In 2024, the scope of the initial project expanded from a 25.8-acre assemblage to encompass the full 83.3-acre former mall site. The expansion enables a comprehensive reimagining of the property that will transform the single-use retail center into a connected mixed-use district.

May 1, 2026

Acquisitions California Multifamily Western

Advanced Real Estate Acquires Two Multifamily Communities in Hollywood Totaling 393 Units

by Amy Works April 30, 2026

LOS ANGELES — Advanced Real Estate has purchased two apartment properties in the Hollywood neighborhood of Los Angeles, totaling 393 residences. The assets include the 200-unit Sky Hollywood (formerly known as Columbia Square Living) and the 193-unit Jardine Hollywood towers. Terms of the transactions were not released. The acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California. Sky Hollywood is situated a block south of Hollywood Boulevard at El Centro, and Jardine is located a block south of Sunset Boulevard at Ivar. The properties offer rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows and luxury appliances. Additionally, each property offers penthouses leasing from $12,000 to $20,000 per month. Advanced Management Co. will handle property management for the assets. Advanced plans to make cosmetic upgrades to the properties, which will be administered by it affiliated construction company, R3 Construction Services. Blake Rogers, Dillon Bergum, Alexandra Caniglia and Kip Malo of JLL Capital Markets handled the acquisitions. Kevin Mackenzie, Greg Brown and Charlie Vorsheck of JLL procured two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The loans have a fixed rate for 10 years and interest-only payments.

April 30, 2026

Acquisitions California Industrial Lee & Associates Western

Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, California

by Amy Works April 30, 2026

FULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million. Mark Hintergardt and Phil Fridd of Lee & Associates represented the seller in the transaction.

April 30, 2026

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