California

CBRE Negotiates Sale of 72,000 SF Medical Office Building in Escondido, California for $36.4M

by Amy Works January 8, 2026

ESCONDIDO, CALIF. — CBRE has brokered the sale of Valley Parkway Health Center, a medical office building located at 488 E. Valley Parkway in Escondido. Neighborhood Healthcare acquired the asset for $36.4 million. Lars Eisenhauer and Dan Henry of CBRE represented the undisclosed seller, while Chris Ross and Ben Schiesl of JLL represented the buyer in the deal. The four-story, 72,000-square-foot multi-tenant facility includes an ambulatory surgery center, endoscopy center, onsite pharmacy and cardiology lab services.

January 8, 2026

Acquisitions California Retail Western

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California for $7.9M

by Amy Works January 8, 2026

PLACENTIA, CALIF. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest of SRS represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

January 8, 2026

Acquisitions California Retail Western

Progressive Real Estate Partners Brokers $6.1M Sale of Retail Center in Victorville, California

by Amy Works January 8, 2026

VICTORVILLE, CALIF. — Progressive Real Estate Partners has arranged the sale of Victorville Pavilion, a multi-tenant retail property at 14190 Bear Valley Road in Victorville. A private investor sold the asset to a San Diego-based private investor for $6.1 million. Built in 2004, Victorville Pavilion features 11,618 square feet of fully occupied retail space. Current tenants include T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate represented the seller, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer in the deal.

January 8, 2026

Acquisitions California Multifamily New Jersey Northeast Top Stories Washington Western

JRK Acquires Three-Property Multifamily Portfolio for $400M

by Hayden Spiess January 8, 2026

LOS ANGELES — Real estate investment firm JRK has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to be one of the nations’ most active buyers in 2025.” JRK closed approximately $1.3 billion in acquisitions in the second half of 2025 totaling 3,400 units. According to MSCI Real Assets, multifamily sales in the first …

January 8, 2026

Acquisitions California Retail Western

Brixton Capital Sells Pacific Town Center Retail Property in Stockton, California for $27M

by Amy Works January 7, 2026

STOCKTON, CALIF. — Brixton Capital has completed the disposition of Pacific Town Center, a newly remodeled shopping center in Stockton. CJ Park & Associates acquired the property for $27 million. Sean Cox and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the seller, while the Los Angeles-based buyer was self-represented in the deal. Located at 616-760 W. Hammer Lane, Pacific Town Center offers 142,957 square feet of retail space that was built in 2003 and remodeled in 2025. Situated on 10 acres, the property’s tenant mix consists of 98 percent national and regional retailers, including Smart & Final Extra!, Chuze Fitness, Ross Dress for Less, Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental.

January 7, 2026

Acquisitions California Retail Western

Faris Lee Investments Arranges $21M Sale of Plaza Pacifica Retail Center in San Clemente, California

by Amy Works January 7, 2026

SAN CLEMENTE, CALIF. — Faris Lee Investments has directed the sale of Plaza Pacifica, a neighborhood retail center in San Clemente’s South Orange County trade area. A high-net-worth Orange County, Calif.-based family office acquired the asset for $21 million. Don MacLellan of Faris Lee represented the undisclosed seller. Plaza Pacifica is shadow anchored by Pavilions, Walmart, Lowe’s and the Hoag Medical Facility.

January 7, 2026

Acquisitions California Multifamily Seniors Housing Western

Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

by Amy Works January 6, 2026

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

January 6, 2026

Acquisitions California Multifamily Western

A.G. Spanos Sells Two Apartment Communities in Sacramento to Jackson Square Properties for $161.5M

by Amy Works January 5, 2026

SACRAMENTO, CALIF. — A.G. Spanos has completed the sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties for $161.5 million. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the transaction. A.G. Spanos developed the properties in 2024. Located at 3761 E. Commerce Way, Zeta Luxury Apartments features 270 studio, one- and two-bedroom apartments, a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, a movie lounge, demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Located at 7606 Klotz Ranch Court, Solasta Luxury Apartments offers 266 one-, two- and three-bedroom floor plans, a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs and an upscale resident lounge with gaming tables and a demonstration kitchen.

January 5, 2026

Acquisitions California Office Western

Newmark Arranges $89M Sale of Office Campus in Orange, California

by Amy Works January 5, 2026

ORANGE, CALIF. — Newmark has brokered the sale of Orange City Square, a repositioned Class A office campus in Orange. Granite Properties sold the asset to MGR Real Estate for $89 million. Kevin Shannon, Paul Jones, Ken White and Brandon White of Newmark represented the seller in the deal. Jonathan Firestone and Blake Thompson of Newark arranged $57 million in financing for the buyer. Situated on 14.1 acres at 750, 770, 790 and 840 The City Drive South, the three-building campus offers 383,558 square feet of office space and 8,966 square feet of retail space. The asset was built in 1988 and extensively renovated through 2025. Amenities include reimagined lobbies, a customer lounge with kitchen, a fitness center, two conference centers and an outdoor event space with TVs, WiFi and barbecue facilities. At the time of sale, the property was 84 percent leased.

January 5, 2026

California Loans Mixed-Use Office Restaurant Retail Western

CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

by Amy Works December 23, 2025

NAPA, CALIF. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Mike Walker of CBRE’s Debt and Structured Finance team in San Francisco secured the five-year, nonrecourse floating-rate loan from an East Coast-based debt fund on behalf of NTC Shops LLC. Located at 1300 First St., the property features 162,000 square feet of retail, dining, tasting rooms and office space across six buildings. The asset is currently 90 percent leased to a variety of tenants, including Lululemon, Free People, Hestan and Silicon Valley Bank.

December 23, 2025

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