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Partnership Completes Recapitalization of 733,497 SF Tech Campus in Goleta, California

Amy Works — Fri, 20 Mar 2026 13:29:30 +0000

GOLETA, CALIF. — A recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group and H.I.G. Capital has acquired Tech Park @ Goleta Portfolio, a Class A technology campus spanning five business parks in Goleta, from David Fradin for an undisclosed price. The campus features 17 buildings offering a total of 733,497 square feet of Class A space designed to accommodate office, flex, laboratory and industrial uses. Approximately 58 percent of the portfolio is dedicated to industrial and R&D space. Sean Fulp, Michael Kendall, Mark Schuessler, Gian Bruno, Kenny Patricia and Blake Hammerstein of Colliers, along with Francois DeJohn and Caitlin Hensel of Hayes Commercial Group, handled the transaction for both parties. CBRE’s Brad Zampa and Mike Walker provided debt and structured finance advisory services.

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Sobrato Organization Opens 120-Unit Affordable Housing Development in Redwood City, California

Amy Works — Fri, 20 Mar 2026 13:27:36 +0000

REDWOOD CITY, CALIF. — The Sobrato Organization has opened The Millton, an affordable housing community located at 900 Chestnut St. in Redwood City, with units designated for residents earning between 30 percent to 80 percent of the area median income. The Millton features 120 studio, one-, two- and three-bedroom apartments across five stories. Apartments offer wood plank flooring, 10-foot ceilings, pantry/entryway closets, soaking tubs, stainless steel energy-efficient appliances, stone countertops in kitchens and bathrooms, recessed lighting and private balconies in select units. Community amenities include a 24-hour fitness center, onsite laundry, a business center with computers and printing capabilities, outdoor living spaces with barbecues and a resident lounge with seating, media and kitchenette. Additionally, the property offers bicycle storage with a repair station, high-speed Wi-Fi, controlled access, assigned garage parking and a playground.

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Kidder Mathews Brokers $14.9M Sale of Fully Leased Industrial Building in Burbank, California

Amy Works — Fri, 20 Mar 2026 13:24:44 +0000

BURBANK, CALIF. — Kidder Mathews has arranged the sale of an industrial property located at 2231-2249 N. Hollywood Way in Burbank. A family-owned investment company sold the building to a local private investor for $14.9 million. Situated on 1.6 acres, the 47,056-square-foot property is fully leased to four tenants. The building features multiple bays and flexible warehouse and office configurations. Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the seller in the deal.

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Linc Housing Starts Construction on 64-Unit Affordable Seniors Housing Community in Long Beach

Amy Works — Thu, 19 Mar 2026 13:45:41 +0000

LONG BEACH, CALIF. — Linc Housing has started the construction of Armory Arts Collective, an affordable seniors housing property in Long Beach’s East Village Arts District. The development will transform the long-vacant former Armory building through adaptive reuse and add five stories of new residential construction. Upon completion, the project will deliver 64 residences for low-income seniors age 55 years or older earning between 30 percent and 70 percent of the area median income. Armory Arts Collective will feature 56 one-bedroom apartments and eight two-bedroom apartments, including a manager’s unit. Half of the homes will be fully wheelchair accessible and several will incorporate features to accommodate residents with hearing and visual impairments. Linc will convert portions of the historic 26,500-square-foot Armory, which was built in 1930, into a community room, arts and crafts studio, health and wellness space and bicycle storage. Additionally, residents will have access to a landscaped courtyard and outdoor deck. A resident services coordinator will bring programs and activities to the community spaces. Funding for the development includes $6.5 million from Long Beach Community Investment Co., a $5.2 million loan from the City of Long Beach, $6.2 million from the California Department of Housing and Community Development’s Multifamily…

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CBRE Arranges Sale of 69,032 SF Office Property in Anaheim, California

Amy Works — Thu, 19 Mar 2026 13:43:59 +0000

ANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction. Situated in Anaheim’s Platinum Triangle, the four-story property offers 69,032 square feet of office space.

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DAUM Commercial Brokers Sale of 12,892 SF Warehouse in Canoga Park, California

Amy Works — Thu, 19 Mar 2026 13:42:44 +0000

CANOGA PARK, CALIF. — DAUM Commercial Real Estate Services has directed the sale of a warehouse building located at 805 Deering Ave. in Canoga Park. Chatsworth, Calif.-based Oak Cabessa of MAKS Enterprises acquired the property from 8015 Deering LLC for $3.8 million. Built in 1973, the 12,892-square-foot building features a clear height of 17 feet, grade-level loading, a gated rear concrete yard, fencing and a 1.6:1 parking ratio. Additionally, the property features 6,100 square feet of high-end designer office space with a reception area, hardwood laminate flooring, recessed LED lighting and a full-glass conference room. The buyer plans to use the property as a headquarters for warehousing electronic automobile modules. Dennis Marciniak of DAUM Commercial represented the seller, while Kevin Cooper of Delphi Business Properties represented the buyer in the deal.

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Forza Properties Acquires Two Small-Bay Industrial Buildings Near Sacramento for $9M

Amy Works — Wed, 18 Mar 2026 15:48:42 +0000

SACRAMENTO AND CARMICHAEL, CALIF. — Forza Properties has purchased two industrial properties for a combined $9 million. Matt Post, Anthony DeLorenzo and Sammy Cemo of CBRE represented the two sellers, 5753 Auburn Blvd LLC and MCA IGF Carmichael LLC, in the transactions. Matt Susac, Tyler Howell, Todd Sanfilippo and Walter Smyth of CBRE handled leasing for the properties. The multi-tenant property, located at 5753 Auburn Blvd. in Sacramento, sold for $4.8 million. The asset features 22 units spread across four buildings, with suites averaging 1,400 square feet. Each suite has one roll-up door, a 16-foot clear height and convenient access to Interstate 80. At the time of sale, the property was 97 percent leased. The fully leased property in Carmichael sold for $4.2 million. The asset includes 17 units averaging 1,529 square feet, 19 roll-up doors and 12-foot ceilings. The property recently underwent capital improvements, including roof work, exterior paint, asphalt upgrades and interior renovations. The property has immediate access to Interstate 80.

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Lee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, California

Amy Works — Wed, 18 Mar 2026 15:45:46 +0000

NORWALK, CALIF. — Lee & Associates has arranged the sale of a multi-tenant industrial building located at 13820 Shoemaker Ave. in Norwalk. Parsons sold the property to Rosecrans Associates, an investment buyer, for $2.3 million. Situated on 0.37 acres, the 7,770-square-foot property features 800 square feet of office space, three ground-level doors, a 14-foot warehouse clearance and 300 amps of power. Additionally, the asset offers a secured yard area and a 2:1 parking ratio. The property was originally constructed in 1974. Pat Delaney of Lee & Associates – Orange handled the transaction.

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Northmarq Arranges $145M Refinancing for Two-Building Office Campus in Cupertino, California

Amy Works — Tue, 17 Mar 2026 13:31:35 +0000

CUPERTINO, CALIF. — Northmarq has arranged $145 million in refinancing for The Towers at Cupertino City Center, a two-building office campus in Cupertino. Prometheus Real Estate Group owns and operates the Class A property. Nathan Prouty, Andrew Slaton and John Holt of Northmarq secured the financing for the borrower through Wells Fargo. Located at 20400 and 20450 Stevens Creek Blvd., the campus offers 357,502 square feet of office space on a 3.2-acre site at the intersection of Stevens Creek and De Anza boulevards. Originally constructed by Prometheus in 1989, the property underwent significant renovations in 2022.

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Lincoln, Bridge Investment Group Open 175-Unit RiverRow Multifamily Community in Santa Cruz

Amy Works — Tue, 17 Mar 2026 13:29:07 +0000

SANTA CRUZ, CALIF. — Lincoln Property Co. and Bridge Investment Group have completed RiverRow, an apartment property overlooking the San Lorenzo River in downtown Santa Cruz. Located at 414 Front St., RiverRow features 175 studio, one-, and two-bedroom apartments, including townhomes. Twenty units are designated as affordable. Community amenities include a fitness center, bike and surf storage/repair facilities, a resident lounge with coworking spaces, a pet-wash station and two roof decks with river and ocean views. Additionally, the property features outdoor seating overlooking the river and a designated food truck space, as well as below-grade and ground-floor parking. Totaling nearly 250,000 square feet, the three-building development also includes nine retail spaces. Project partners include BDE Architecture, Western National Builders, DCI Engineers, Emerald City Engineers and Poppy Bank. The property is managed by The REMM Group, a Southern California-based third-party management firm recently acquired by Lincoln.

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Gantry Secures $13.5M Loan for Refinancing of Historic Office Building in Palo Alto, California

Amy Works — Fri, 13 Mar 2026 14:02:19 +0000

PALO ALTO, CALIF. — Gantry has secured a $13.5 million permanent loan to refinance a timely maturity on a historic office building in Palo Alto. Located at 384 University Ave., the three-story property features 14,500 square feet of rentable space, including street-level retail space with two office floors above. The property is currently fully leased with a staggered lease roll. Jeff Wilcox and Joe Foley of Gantry represented the borrowers, Big Property Ventures and Baskin Investment Group, in the financing. An institutional pension fund lender provided the five-year, fixed-rate loan, which features first-year interest-only payments followed by a 25-year amortization.

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Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530M, Plans $50M Renovation

Abby Cox — Fri, 13 Mar 2026 11:45:00 +0000

RANCHO CUCAMONGA, CALIF. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp. (NYSE: BN), sold the open-air mall for $530 million. Ares Real Estate (NYSE: ARES) provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in the region.” Built in 2004, Victoria Gardens is one of the largest regional malls in Southern California, with more than 30 buildings on 12 blocks, as reported by the Los Angeles Times. Victoria Gardens was 98 percent leased at the time of sale and attracts more than 14 million visitors a year, according to Redwood West. The center is home to 160 specialty retailers and restaurants including Apple, lululemon, Chanel, Gorjana, Sephora, Nike, Zara, AMC Theatres, Shake Shack, Tecovas, The Cheesecake Factory, Warby Parker, Fleming’s Steakhouse, Sweetgreen and Macy’s. In addition to retail and dining, Victoria Gardens features a cultural center, public library, performance venue, multiple…

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IPA Capital Markets Arranges $44M in Financing for Two Apartment Properties in Los Angeles

Amy Works — Thu, 12 Mar 2026 13:36:21 +0000

LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $44 million in financing for two multifamily communities in Los Angeles. Moderno Axis, located at 7650 Van Nuys Blvd. in the city’s Van Nuys neighborhood, received $28.3 million in financing. Moderno La Granada Hills, at 17454 Chatsworth St. in the Granada Hills neighborhood, received $15.7 million in financing. Anita Paryani-Rice of IPA Capital Markets secured the financing with a national bank on behalf of the private client. The five-year, fixed-rate, nonrecourse loans were structured with full-term interest-only payments, step-down prepay and no lender origination fees. Situated next to Van Nuys MetroLink and Amtrak Station, Moderno Axis offers 126 studio, one- and two-bedroom units. Community amenities include in-unit laundry, a fitness center, swimming pool, hot tub, bike storage, fire pits, a barbecue area, dog park and an onsite pet grooming spa. Located near California State University Northridge, Moderno La Granada Hills features 54 studio, one- and two-bedroom apartments with in-unit laundry and central air and heating. Onsite community amenities include a fitness center, pool with hot tub and sundeck, a dog park and onsite pet grooming, recreation room with media and gaming, a media theater, fire pit…

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Eagle Partners Buys 551-Unit, Age-Restricted Apartment Portfolio in Escondido, California for $162.5M

Amy Works — Wed, 11 Mar 2026 13:48:21 +0000

ESCONDIDO, CALIF. — Eagle Partners has acquired an affordable housing preservation portfolio in Escondido for $162.5 million in an off-market transaction. Totaling 551 units, the portfolio includes The Hendrix Apartments and The Hadley Apartments. The adjacent communities offer one- and two-bedroom residences serving the senior demographic (55+) in North San Diego County. Eagle Partners will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience. Community amenities include resort-style swimming pools, fitness centers, landscaped common areas, a fenced dog park and covered parking. The buyer partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority and Affordable Housing Access to execute the transaction.

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USA Properties Fund Completes 147-Unit Affordable Housing Development in La Mesa, California

Amy Works — Wed, 11 Mar 2026 13:46:04 +0000

LA MESA, CALIF. — USA Properties Fund has completed 8181 Allison, an affordable multifamily community in La Mesa’s Downtown Village. Located at 8181 Allison Ave., the five-story development offers 147 one- and two-bedroom units with energy-efficient appliances, ceiling fans, wood-plank flooring and either a balcony or patio. The apartments are designated for households earning 30 percent to 70 percent of the area median income for San Diego County. Community amenities include a community room with a kitchen, fitness center, courtyard with barbecues, a rooftop deck, hot tub, onsite laundry and a dog wash. Additional amenities include a 108-space parking garage with two electric vehicle charging stations, as well as a range of social services for residents, including budget and financial planning to health-related talks from LifeSTEPS. The community was approved for the California Housing Finance Agency (CalHFA)’s Mixed-Income Program. A public-private partnership with the City of La Mesa, CalHFA, WNC Inc. and KeyBank financed the $71.4 million development.

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Jamboree Opens 32-Unit Larkin Place Affordable Housing Property in Claremont, California

Amy Works — Wed, 11 Mar 2026 13:42:45 +0000

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, an affordable multifamily property in Claremont. Located at 731 Harrison Ave., Larkin Place offers 32 apartments designed to address the critical need for affordable housing for those experiencing chronic homelessness. Residents will have direct access to essential services, including case management, therapy, crisis counseling, peer groups and support coordinators that can connect residents to other resources that will help them rebuild their lives. The four-story Larkin Place features outdoor spaces, including a deck, dog run and barbecue area, along with private offices for supportive services and case management. The community is supported by a 24-hour emergency response team and onsite management staff. Services are provided by Jamboree and Tri-City Mental Health Center. Larkin Place is financed through a mix of public and private entities, including the Los Angeles County Development Authority (LACDA), which provided 32 PBVs sourced from the U.S. Department of Housing and Urban Development and $4.7 million via a permanent loan. Stakeholders of the project include Jamboree, San Gabriel Valley Regional Housing Trust, LACDA, U.S. Bancorp Impact Finance, Century Housing Corp. and Federal Home Loan Bank of San Francisco.

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CSME Partners Sells 83,527 SF Industrial Building in Compton, California

Amy Works — Tue, 10 Mar 2026 13:17:36 +0000

COMPTON, CALIF. — CSME Partners LLC has completed the disposition of an industrial property located at 1800 S. Anderson Ave. in Compton. Yueji Inc. acquired the asset in a transaction valued at $28.2 million. Yuejie, a freight forwarding company, will use the 83,527-square-foot property for warehouse and distribution services, including port-oriented distribution space to serve customers across the Los Angeles Basin. Nick Buss, Frank Schulz and Tyler Rollema of The Klabin Co. represented the seller, while Andrew Dilfer, Luke Staubitz and Harvey Beesen of Kidder Mathews represented the buyer in the deal.

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Hanley Investment Group Arranges $6.9M Sale of Two Retail Pad Sites in Murrieta, California

Amy Works — Tue, 10 Mar 2026 13:14:46 +0000

MURRIETA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail pads at the intersection of California Oaks Road and Jackson Avenue in Murrieta. A private developer based in Orange County, Calif., sold the properties to a private 1031 exchange investor based in California’s Central Valley. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, while Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Services represented the buyer in the deal. The two-tenant property features two separate, stand-alone pads on a 1.78-acre parcel. Built in 2022, Quick Quack Car Wash occupies the 4,126-square-foot property at 40640 California Oaks Road on a 20-year absolute triple-net ground lease with approximately 17 years remaining, including 12 percent rental increases every five years and multiple renewal options. Popeyes, which closed on a lease prior to the sale, will begin construction on a 1,983-square-foot restaurant at 40642 California Oaks Road. The tenant signed a 20-year, absolute triple-net ground lease with 10 percent rental increases every five years.

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West Capital Lending Acquires 104,375 SF Office Building in Irvine, California for $23.7M

Amy Works — Mon, 09 Mar 2026 15:52:34 +0000

IRVINE, CALIF. — West Capital Lending has purchased 17911 Von Karman Avenue, a five-story Class A office building in Irvine’s Concourse submarket. John Hancock Insurance sold the asset for $23.7 million. West Capital Lending will occupy approximately half of the 104,375-square-foot building for its corporate headquarters. Two additional tenants will continue to occupy the first and second floors of the asset. Jay Nugent and Scott Read of Newmark represented the buyer in the deal.

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SRS Real Estate Partners Brokers $11.3M Sale of Smart & Final-Occupied Retail Property in Huntington Park, California

Amy Works — Mon, 09 Mar 2026 15:49:33 +0000

HUNTINGTON PARK, CALIF. — SRS Real Estate Partners has arranged the acquisition of a retail property located at 3111 E. Florence Ave. in Huntington Park. A Mexico-based private investor purchased the asset from a Los Angeles-based private investor for $11.3 million. Smart & Final occupies the 28,000-square-foot property, which was built in 2018 on 1.3 acres. The property offers ample onsite parking, including a rooftop parking area. Joe Chichester, John Redfield and Kyle Zimmer of SRS Capital Markets represented the buyer in the deal.

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