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

Amy Works — Tue, 23 Dec 2025 14:48:40 +0000

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.

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DivcoWest Buys 66,000 SF Office Building in Redwood City, California

Amy Works — Tue, 23 Dec 2025 14:46:09 +0000

REDWOOD CITY, CALIF. — DivcoWest, a DivCore Capital company, has acquired 1991 Broadway, a three-story, 66,000-square-foot office building in downtown Redwood City, from an owner-user in an off-market transaction. Simultaneous with the closing, DivcoWest executed a 45,000-square-foot long-term lease with Paul Hastings, a global law firm, that will serve as the anchor tenant for the building. As a result of the Paul Hastings lease, the building was 82 percent leased to three tenants at closing. Ham Southworth, Ken Rapp and Morgan Griffith of CBRE represented Paul Hastings in the lease negotiations. Ben Paul of Cushman & Wakefield represented DivcoWest.

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Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles

Amy Works — Mon, 22 Dec 2025 15:45:54 +0000

LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.

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MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments

Amy Works — Mon, 22 Dec 2025 15:44:50 +0000

SAN JOSE, ALAMEDA AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San Jose, Alameda and Watsonville that include a total of 362 affordable units. Valley Transportation Authority (VTA) Capitol Station in San Jose was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an all-electric residential building and a new transit plaza, complemented by multimodal improvements such as 2.3 miles of bike paths, upgraded walkways and new bus shelters. The project is slated for completion in 2029. The Stardust Gardens project in Alameda was awarded $44.5 million. This project includes 80 units that will be developed on public land and will include units for households that have experienced homelessness. Transportation enhancements include electric ferry charging infrastructure to enable zero-emission ferry service, bike and pedestrian safety improvements, traffic calming and new bikeways. A completion date was not available. Lastly, the state awarded $39 million to Watsonville Metro in Watsonville. This project involves redeveloping a downtown transit center into 79 affordable…

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JLL Arranges $125M Refinancing for Apartment Complex in Glendale, California

Amy Works — Fri, 19 Dec 2025 14:21:04 +0000

GLENDALE, CALIF. — JLL Capital Markets has arranged a $125 million loan from Oaktree Capital Management for The Amidi Group’s TenTen Campus in Glendale. The loan enables The Amidi Group to retire existing construction debt on the eight-story, newly developed property. Residents began moving in February 2025. The property was 95 percent occupied at the time of the transaction’s closing. Spanning 220,018 square feet, the community’s 228 units are offered as studios, one- and two-bedroom apartments. Amenities include a resort-style pool and hot tub, a rooftop terrace with skyline views, fitness center with steam room and sauna, a business center and approximately 5,200 square feet of ground-floor retail space. Units feature floor-to-ceiling windows, stainless-steel appliances, in-unit washers and dryers, quartz countertops and personal balconies in select units.

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Perform Properties Signs Six New Tenants to One Colorado Shopping Center in Pasadena

Amy Works — Fri, 19 Dec 2025 14:14:27 +0000

PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

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Step Up Housing Acquires Multifamily Community in San Leandro, California for $47.4M

Amy Works — Thu, 18 Dec 2025 14:00:53 +0000

SAN LEANDRO, CALIF. — Sack Capital Partners and Align Finance Partners have closed on structured financing on behalf of Step Up Housing for its $47.4 million acquisition of Woodchase Apartments, an affordable multifamily property in San Leandro. Sack will also provide asset and property management for the property. Located at 2795 San Leandro Blvd., Woodchase Apartments offers 186 studio, one- and two-bedroom floor plans spread across 13 buildings. Originally built in 1976, the community includes 93 loft-style apartments with 19-foot ceiling heights. Institutional Property Advisors represented the undisclosed seller in the deal.

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Quantum Capital Partners Secures $26M Construction Loan for Apartment Project in Rosemead, California

Amy Works — Thu, 18 Dec 2025 13:58:04 +0000

ROSEMEAD, CALIF. — Quantum Capital Partners has arranged a $26 million construction loan for Prospect Village, an apartment development in Rosemead. Kevin Wong of Quantum Capital secured the financing for the borrower, The Connected Cos., which is developing the property. Located along the Garvey Avenue corridor, Prospect Village will feature a seven-story multifamily complex offering 75 one-, two-, three- and four-bedroom residential units and 6,350 square feet of ground-floor retail space. Designed by Scale Labs Architects, the low-rise structure will feature a cascading terrace deck design at the rear, offering outdoor space and architectural interest. The project is expected to break ground immediately.

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CBRE Arranges $22.1M Sale-Leaseback of Industrial Property in Carlsbad, California

Amy Works — Thu, 18 Dec 2025 13:56:30 +0000

CARLSBAD, CALIF. — CBRE has brokered the $22.1 million sale-leaseback of 2470 Faraday Avenue, a 19.4-acre site in Carlsbad. BLT Enterprises acquired the asset from the seller, a global science and technology company. The site includes a 127,200-square-foot industrial research and development and manufacturing facility, which the seller will lease back. The facility features highly specialized lab and research and development space, as well as manufacturing and distribution space. The facility has been owned and operated by the seller since the mid-1970s. Hunter Rowe, Matt Carlson, Michael Longo, Eric Cox, Barbara Perrier, Joe Cesta and Brian Russell of CBRE represented the seller in the deal.

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SRS Real Estate Brokers $12.8M Sale-Leaseback of Retail Center in Redding, California

Amy Works — Thu, 18 Dec 2025 13:54:34 +0000

REDDING, CALIF. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the asset to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building, which was completed this year, on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the seller in the transaction.

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Pacific Coast Commercial Brokers $6.1M Sale of Retail Property in Victorville, California

Amy Works — Wed, 17 Dec 2025 14:16:18 +0000

VICTORVILLE, CALIF. — Pacific Coast Commercial has arranged the purchase of a multi-tenant retail property located at 14190 Bear Valley Road in Victorville. The 11,618-square-foot asset traded for $6.1 million. Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer, while Rick Helmonds and Lance Mordachini of Progressive Real Estate Partners represented the seller in the transaction. Sunflower Bank provided acquisition financing for the deal.

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Mesa West Capital Originates $30M Acquisition Loan for Industrial Property in Newark, California

Amy Works — Tue, 16 Dec 2025 14:33:35 +0000

NEWARK, CALIF. — Mesa West Capital has provided a joint venture between Palisade Group and Pearlmark with $30 million in first mortgage debt for the acquisition, renovation and lease-up of 7411 Central Avenue, an industrial building in Newark. Built in 1998, the 143,000-square-foot property was fully vacant at the time of financing and acquisition. The property features a clear height of 24 feet, 33 dock-high doors, 12 grade-level doors and 310 parking stalls. David Pelaia and Josh Blank of JLL’s West Los Angeles office arranged the financing.

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RF Partners Divests of 54,351 SF Flex Building in Carlsbad, California for $14.2M

Amy Works — Tue, 16 Dec 2025 14:30:00 +0000

CARLSBAD, CALIF. — RF Partners LLC has completed the disposition of a flex office and industrial property, located at 5935 Darwin Court in Carlsbad, to a private local owner-user investor for $14.2 million. Situated within the Carlsbad Research center, the two-story, 54,351-square-foot creative flex office building was built in 1991 and renovated in 2005 and 2024. Matt Pourcho, Dennis Visser, Matty Sunberg, Anthony DeLorenzo and Don Trapani of CBRE represented the seller in the transaction.

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Hanley Investment Group Brokers $3.9M Sale of Multi-Tenant Retail Building in Lancaster, California

Amy Works — Tue, 16 Dec 2025 14:28:36 +0000

LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.

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Bolour Associates Originates $22.2M Refinancing for Village Business Park in Buena Park, California

Amy Works — Mon, 15 Dec 2025 14:44:24 +0000

BUENA PARK, CALIF. — Bolour Associates, through its affiliate BA Debt Fund LLC, has provided a $22.2 million, 24-month office refinancing loan for Village Business Park in Buena Park. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability. CBRE represented the borrower in the financing. Spanning 144,000 square feet, the two-story buildings are located at 7000 and 7001 Village Drive. The multi-tenant buildings are currently 82 percent occupied. The property offers large and open floor plans, a generous 6:1,000 parking ratio and suites with immediate courtyard access for indoor and outdoor use.

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SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

Amy Works — Mon, 15 Dec 2025 14:42:03 +0000

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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Space Investment Acquires Topanga Gateway Shopping Center in Woodland Hills, California for $64M

Amy Works — Fri, 12 Dec 2025 14:59:20 +0000

WOODLAND HILLS, CALIF. — Space Investment Partners has acquired Topanga Gateway, a 123,402-square-foot grocery-anchored retail center located in Woodland Hills for $64 million. Built in 1963 and renovated in 2024, the open-air center was 97 percent leased at the time of sale. Topanga Gateway is home to several tenants including Ralphs, The Container Store, Petco, Chipotle Mexican Grill, Baskin-Robbins, Noah’s NY Bagels and FedEx. Eastdil Secured represented the buyer and the seller, a private investor, in the transaction. The purchase of Topanga Gateway follows Space Investment’s $118.5 million acquisition of Fullerton Metrocenter, a 395,703-square-foot dual-grocery-anchored center located at 1375 Harbor Blvd. in Fullerton.

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DRA Divests of Signal Hill Commerce Center in California for $24M

Amy Works — Fri, 12 Dec 2025 14:54:14 +0000

SIGNAL HILL, CALIF. — DRA has completed the sale of Signal Hill Commerce Center, a portfolio of three industrial properties spread across four buildings in Signal Hill. An out-of-state, high-net buyer acquired the portfolio for $24 million, or $268 per square foot. The properties are located at 2698 Junipero, 2300 Walnut and 2700 Rose avenues. Michael Longo, Eric Cox, Grant Goldman, Mark Shaffer, Anthony DeLorenzo and Brian Held of CBRE represented the seller, while Greg Grant and Pete Obradovich of CBRE’s Debt & Structured Finance organized the funding. Totaling 89,438 square feet on 4.3 acres, the portfolio is 87 percent leased to 46 tenants with unit sizes ranging from 1,250 square feet to 4,176 square feet. All four buildings feature a 24-foot clear height and between 12 and 20 ground-level doors.

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SRS Real Estate Brokers $17.7M Sale of Retail Center in Sonoma County, California

Amy Works — Thu, 11 Dec 2025 14:37:41 +0000

ROHNERT PARK, CALIF. — SRS Real Estate Partners has completed the $17.7 million sale of Mountain Shadows Plaza, a multi-tenant retail center at 901, 941, 967 and 968 Golf Course Drive in Rohnert Park. John Redfield and Joe Chichester of SRS Capital Markets represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC. Situated on 7.4 acres, the five-building property features 77,651 square feet of retail space. The property was 97 percent occupied at the time of sale to a variety of tenants, including Walmart Neighborhood Market, Starbucks Coffee and Anytime Fitness.

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CB Arcadia Partners Sells Starbucks-Occupied Property in Torrance, California for $8.2M

Amy Works — Thu, 11 Dec 2025 14:35:28 +0000

TORRANCE, CALIF. — CB Arcadia Partners, an affiliate of Calbay Development, has completed the disposition of a freestanding retail property located at 23865 Hawthorne Blvd. in Torrance, to Madrona F&F LLC for $8.2 million. Starbucks Coffee occupies the 2,400-square-foot property, which was delivered in 2025, on a long-term, triple-net lease. The property features a drive-thru that can accommodate 20 vehicles, plus a full-size café format with indoor and outdoor seating. Alex Kozakov and Patrick Wade of CBRE represented the seller in the deal.

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