California

Kennedy Wilson, Partners Acquire 312-Unit Multifamily Community in San Jose for $176M

by Amy Works October 26, 2026

SAN JOSE, CALIF. — Kennedy Wilson has partnered with two Japanese investment firms to acquire One South Market, a 312-unit community in downtown San Jose, for $176 million. The investment partners are Tokyo-based real estate company Hulic Co. Ltd. and Fuyo General Lease (USA) Inc., the U.S. subsidiary of Japanese financial services company Fuyo General Lease Co. Ltd. The acquisition marks Beverly Hills, Calif.-based Kennedy Wilson’s fifth joint venture with Hulic and its first with Fuyo. Locally based Lakevision Capital was the seller. Built in 2015, One South Market is located adjacent to San Pedro Square. The high-rise community features 312 units as well as 6,534 square feet of fully leased ground-floor retail. CBRE’s Jon Teel represented the buyers in the transaction.

October 26, 2026

California Loans Multifamily Western

Northmarq Arranges $95.8M Refinancing for 1,461-Unit Southern California Multifamily Portfolio

by Amy Works October 26, 2026

LOS ANGELES — Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring Management Corp. across Southern California. Nathan Prouty, Andrew Slaton and John Holt of Northmarq arranged the financing through Voya Investment Management. The transaction refinances existing debt across the portfolio, including four loans originally placed with Voya in 2007. Structured as six separate, non-cross-collateralized loans, the financing combines fixed- and floating-rate structures, interest-only payments and flexible prepayment provisions. The new financing addresses upcoming maturities while preserving flexibility for E&S Ring across the portfolio. The portfolio includes the 168-unit Case Granada and 183-unit Sunset Barrington Gardens in Brentwood, the 117-unit Meadows South in Culver City, the 400-unit Mountain Vista in Victorville, the 317-unit Rancho Los Feliz and the 276-unit Villa Vicente in Mid-Wilshire.

October 26, 2026

California Development Multifamily Western

MidPen Housing Completes 176-Unit Ira D. Hall Square Apartments in Silicon Valley

by Amy Works October 26, 2026

SUNNYVALE, CALIF. — MidPen Housing has completed and opened Ira D. Hall Square in Sunnyvale. The 176-unit property comprises studios, one-, two- and three-bedroom units that are reserved for residents earning up to 30 to 70 percent of the area median income, which is approximately $43,170 to $100,730 for a one-person household. Ira D. Hall Square is adjacent to the Lawrence Caltrain Station and is the first development built under the city’s Lawrence Station Area Plan, which calls for a mixed-use district around the transit hub. MidPen Property Management manages the community, and MidPen Resident Services provides residents with free, onsite services such as adult education, ESL courses, after school and summer programs and case management for supportive housing residents. Amenities include a community room, outdoor play areas, on-site laundry, garden space and an after-school learning center.

October 26, 2026

Acquisitions California Industrial Western

Gildred Cos. Buys La Mirada Business Park in Vista, California for $16.1M

by Amy Works October 23, 2026

VISTA, CALIF. — Gildred Cos. has purchased La Mirada Business Park, a multi-tenant industrial property in Vista, from Catesgarb Holdings for $16.1 million. Williams Roth Group of Lee & Associates represented the buyer, while the team, alongside Jeffrey Bethel of Lee & Associates, represented the seller in the off-market acquisition. Located at 975 and 985 Poinsettia Ave. and 2835 La Mirada Drive, La Mirada Business Park features 76,391 square feet across 4.4 acres. The fully occupied park is divided into six suites ranging from 6,766 to 22,054 square feet, with grade-level loading throughout.

October 23, 2026

Acquisitions California Multifamily Western

Partnership Buys Museum Park Apartments in San Jose, California for $53.1M

by Amy Works October 22, 2026

SAN JOSE, CALIF. — A partnership between an affiliate of Oberndorf Real Estate Management (OBREM) and The Bascom Group has acquired Museum Park Apartments, a Class B+ multifamily property located at 465 W. San Carlos in San Jose, for $53.1 million. The name of the seller was not released. Built in 2002 on 3 acres, the three-story garden-style community features 12 buildings offering a total of 117 one-, two- and three-bedroom apartments with in-unit washers/dryers. Additionally, most units feature attached private garages with just over half providing direct access to the homes. Community amenities include 130 parking spaces, including garages, a fitness center, green space, barbecue areas and a dog park. The new ownership group plans to renovate the property by modernizing kitchens, bathrooms and common areas. Apartment Management Consultants will manage the community.

October 22, 2026

Lakeview-Innovation-Center-Thousand-Oaks-CA

California Industrial Loans Office Western

JLL Arranges $49.7M in Bridge Financing for Lakeview Innovation Center in Thousand Oaks, California

by Amy Works October 22, 2026

THOUSAND OAKS, CALIF. — JLL Capital Markets has arranged $49.7 million in bridge financing for Lakeview Innovation Center, a R&D and office campus in Thousand Oaks. Jeff Sause, Josh Blank, Marc Schillinger, Alex Olson, Jalynn Borders and Danny Ryan of JLL secured the three-year, floating-rate financing through Forbright Bank for the sponsor, Alta West. Alta West Partners acquired Lakeview Innovation Center as a value-add investment opportunity at 50 percent leased in September 2024. Over the past 24 months, Alta West has brought the asset to 100 percent leased. Current tenants include Marvell Semiconductor, Laboratory Corp. of America, Equinox Fitness, Rawlings Sporting Goods and Anchor Loans. Situated on a 22.1-acre campus, the 275,000-square-foot property features office, lab and R&D space serviced by dock-high loading capabilities and 20,000 amps of power. Onsite amenities include an Equinox Fitness center, full-service café, two-story central atrium with media wall and dining areas, a pickleball court, walking trails and 24-hour onsite security personnel.

October 22, 2026

Acquisitions California Retail Western

Pacific Coast Commercial Brokers Sale of 30,600 SF Multi-Tenant Strip Center in Vista, California

by Amy Works October 22, 2026

VISTA, CALIF. — Pacific Coast Commercial has negotiated the sale of a multi-tenant strip center located at 1717 E. Vista Way in Vista. LB ONE LLC sold the asset to CDH Holdings V LLC for $3.5 million. The 30,600-square-foot property is occupied by a mix of local office and retail businesses. Martin Alfaro of Pacific Coast Commercial represented the seller and buyer in the deal. Ticor Escrow and Title handled escrow and title services for the transaction.

October 22, 2026

California Loans Multifamily Western

PCCP Provides $41M Refinancing for Multifamily Community in San Diego

by Amy Works October 20, 2026

SAN DIEGO — PCCP has provided a $41 million senior loan to refinance Tenney North Park, a 125-unit apartment building at 2260 El Cajon Blvd. in San Diego’s North Park submarket. The loan was provided on behalf of ownership and developer, Foulger-Pratt, and refinanced an existing construction loan. Built in 2025, Tenney North Park is an eight-story property featuring 115 market-rate units and 10 affordable units, with studio, one- and two-bedroom floor plans averaging 727 square feet. Additionally, the community features 3,116 square feet of ground-floor retail space and three levels of parking totaling 146 spaces. Unit interiors feature stainless steel appliances, walk-in showers, full-size washers/dryers, wood-style flooring and floor-to-ceiling glass, with select units offering built-in desk areas and private balconies. Community amenities include multiple clubhouses with coworking spaces, a rooftop lounge and deck, swimming pool, indoor and outdoor fitness areas, social courtyards, a pet spa with dog wash stations and an outdoor entertainment area with a fireplace and barbecues. Additionally, the property features electric vehicle charging stations.

October 20, 2026

Acquisitions California Industrial Western

Marcus & Millichap Brokers $8.2M Sale of Industrial Property in Rocklin, California

by Amy Works October 20, 2026

ROCKLIN, CALIF. — Marcus & Millichap has arranged the purchase of an industrial property located at 4335 Pacific St. in Rocklin. Dees Burke Engineering Constructors acquired the asset from Kurt Steil, a private investor, for $8.2 million, or $202.67 per square foot. Edward Nelson and Eddie Nelson II of Marcus & Millichap represented the buyer, while Nathan Ballard of Keegan & Coppin and Rick Phillips of Gallelli Real Estate represented the seller in the deal. Built in 1984 on 2.9 acres, the property features 40,460 square feet of industrial space. The buyer plans to occupy all but 5,000 square feet of the property, which is currently leased to McCafferty’s Automotive.

October 20, 2026

Acquisitions California Office Restaurant Retail Western

TMG Partners Acquires 435,000 SF Skyport Plaza Office, Retail Complex in San Jose, California

by Amy Works October 19, 2026

SAN JOSE, CALIF. — TMG Partners, in partnership with accounts managed by global investment firm KKR, has purchased Skyport Plaza, an office and retail complex at 1650 and 1700 Technology Drive and 50 and 90 Skyport Drive in San Jose. Terms of the acquisition were not released. In conjunction with the purchase, TMG Partners signed a long-term lease with the County of Santa Clara that, after extensive renovation of the two office buildings, is projected to commence in the first quarter of 2029 through 2059. Completed in 2001 and institutionally maintained, the 435,000-square-foot Skyport Plaza features floor plates of approximately 25,000 square feet. The property consists of two eight-story office towers totaling 393,000 square feet and two retail buildings totaling 42,000 square feet. The retail portion is 97 percent leased to a childcare facility, restaurants and cafés.

October 19, 2026

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