California

JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three States

by Amy Works September 18, 2026

CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.

September 18, 2026

California Civic Development Western

C.W. Driver Cos. Breaks Ground on $74M Middle School, Gym Facility in Malibu

by Amy Works September 18, 2026

MALIBU, CALIF. — C.W. Driver Cos., as general contractor, has broken ground on Phase II of the Malibu Middle and High School campus for the Santa Monica-Malibu Unified School District. The $74 million phase includes middle school core and gymnasium facilities. Phase II will include two distinct buildings, totaling 40,000 square feet. The middle school core building will feature special education and counseling spaces, a wellness center, media lab, food-service areas and shaded outdoor spaces. The gymnasium facility will feature a fitness studio and multi-sport court supporting games, including basketball, volleyball, soccer and badminton. The second phase is slated for completion in late 2028. Project partners include LPA Architecture, Massetti Consulting and Element Consulting.

September 18, 2026

Acquisitions California Office Western

Whittier Comstock Acquires 135,308 SF Fairway Center II Office Property in Brea, California

by Amy Works September 18, 2026

BREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the transaction. Shaun Moothart and Andrew Post of CBRE secured financing for the buyer. Located at 675 Placentia Ave., Fairway Center II offers 135,308 square feet of office space that was 70.5 percent leased at the time of sale. The County of Orange, Calif., occupies more than 61,000 square feet of the three-story building under a long-term lease. Situated on 7.8 acres, the asset also features 617 parking spaces in an onsite parking structure.

September 18, 2026

California Loans Restaurant Retail Western

Northmarq Secures $29.3M Refinancing for Dining, Entertainment Center in Los Angeles

by Amy Works September 17, 2026

LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.

September 17, 2026

Acquisitions California Healthcare Western

JLL Income Property Trust Buys 42,000 SF Roseville Outpatient Center Near Sacramento

by Amy Works September 17, 2026

ROSEVILLE, CALIF. — JLL Income Property Trust has purchased Roseville Outpatient Center, a Class A medical outpatient building in Roseville, for $19 million. The name of the seller was not released. Situated in a suburban submarket of Sacramento, Roseville Outpatient Center features 42,000 square feet of space that is 95 percent leased by a mix of tenants, anchored by a leading healthcare tenant, with an approximately 12-year weighted average lease term. The property was fully redeveloped in 2024 with build-outs and improvements to equip the building for specialized medical uses.

September 17, 2026

Acquisitions California Industrial Western

Wonderful Co. Sells 1.1 MSF Industrial Property in Shafter, California

by Amy Works September 16, 2026

SHAFTER, CALIF. — The Wonderful Co., through its Wonderful Real Estate business, has completed the disposition of 5104 Express Avenue in Shafter to a global technology and e-commerce company for an undisclosed price. Phil Lombardo, Andrew Starnes and Cruise Adams of Cushman & Wakefield represented the seller, while Colin MacMillan of KBC Advisors represented the buyer in the transaction. Situated within Wonderful Logistics Center, the facility features 1.1 million square feet of Class A industrial space and marks the buyer’s third location at the 2,000-acre, master-planned logistics and distribution campus. Developed on a speculative basis, the asset feature a clear height of 40 feet, 216 dock-high doors, two grade-level doors, 455 automobile parking spaces and 939 trailer stalls.

September 16, 2026

Acquisitions California Office Western

Strauss Investments Buys 157,000 SF Commons at Valencia Office Campus in California

by Amy Works September 16, 2026

VALENCIA, CALIF. — Strauss Investments has acquired Commons at Valencia, a two-building office campus in Valencia, from Harbor Associates for $32 million, or approximately $204 per square foot. Sean Sullivan of CBRE led the brokerage team, and Andy Bratt of Gantry arranged financing for the acquisition. Situated on 9 acres at 25124 and 25152 Springfield Court, Commons at Valencia features 157,000 square feet of Class A office space. Wells Fargo, New York Life Insurance Co., Edward Jones, Lennar, Amines, HASA and FivePoint are tenants at the campus, which was built in 2005.

September 16, 2026

California Development Multifamily Student Housing Top Stories Western

Harrison Street, Michaels Partner with University of San Diego on $230M Student Housing Development

by Kristin Harlow September 16, 2026

SAN DIEGO — Harrison Street Asset Management and The Michaels Organization have announced a public-private partnership (PPP) agreement with the University of San Diego (USD) for the development of Presidio Terrace Apartments, a $230 million student housing project. Plans call for 700 beds across 321 units. The investment marks the university’s first-ever PPP agreement. “Presidio Terrace is a strong example of how PPPs can help universities address critical infrastructure needs, creating a win-win situation for academic institutions, investors and college communities,” says Jim Hennessy, head of PPP business development at Harrison Street. “Today, we are seeing more PPP activity than ever before, as more universities recognize that these structures allow them to focus on their core academic mission while conserving capital and transferring operational responsibilities to a private partner.” Located on campus between USD’s academic center and a nearby retail corridor, Presidio Terrace will be purpose-built for upperclassmen, graduate and professional students. Slated for completion in August 2029, the development will provide convenient access to USD’s business, nursing, engineering and law schools. The project is structured through a 99-year ground lease with USD and will benefit from a full real estate tax exemption as a university-affiliated facility. Michaels will lead …

September 16, 2026

Acquisitions California Restaurant Retail Western

Stockdale Capital Partners, Hamilton Lane Acquire Shoppes at Chino Hills in California for $157M

by Amy Works September 15, 2026

CHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million. The buyer plans to rename the property The Shops at Chino Hills. Stockdale led the acquisition, with Hamilton Lane as a co-investor. Originally developed in 2008, The Shops at Chino Hills features 378,140 square feet of retail, restaurants and experiential space situated on more than 25 acres at 13920 City Center Drive. Trader Joe’s and Barnes & Noble anchor the center, which serves a customer base of more than 300,000 residents within a five-mile radius. Stockdale plans to invest in the community and property with a rebranding, remerchandising and repositioning strategy to be shared at a later time. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup of CBRE marketed the asset.

September 15, 2026

Acquisitions California Retail Western

Coldwell Banker Commercial Arranges Sale of 24,014 SF Retail Building in Palm Springs

by Amy Works September 15, 2026

PALM SPRINGS, CALIF. — Coldwell Banker Commercial Lyle & Associates has facilitated the sale of Liebling Building, a retail property located at 100 N. Palm Canyon Drive in Palm Springs. The asset traded for $14 million. Steve Lyle and Rob Wenthold of Coldwell Banker Commercial Lyle & Associates represented the undisclosed buyer and the undisclosed seller in the deal. Located at the northeast corner of North Palm Canyon Drive and Tahquitz Canyon Way, Liebling Building features 24,014 square feet of multi-tenant retail space. Surrounding retailers include Faherty, Tommy Bahama, West Elm, The Plaza Theatre, The Rowan and Hyatt Palm Springs.

September 15, 2026

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