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CBRE Brokers $87.5M Sale of Nine-Building Industrial Portfolio in Benicia, California

Amy Works — Fri, 28 Aug 2026 14:16:13 +0000

BENICIA, CALIF. — CBRE has brokered the $87.5 million sale of a nine-building industrial portfolio in Benecia, part of the San Francisco Bay Area. NorthPoint Development purchased the buildings, which are located within Benicia Industrial Park, and include Benicia Commerce Center I and II at 6200-6850 Goodyear Road and Benicia Industrial Way at 5301-5341 Industrial Way. At the time of sale, the portfolio was fully leased to 19 tenants that have occupied space at the park for an average of nearly 15 years. The tenant roster is subject to below-market rents, staggered lease expirations and a weighted average lease term of roughly 3.4 years, according to the deal term. Rebecca Perlmutter and Brian Russel of CBRE National Partners West, along with Tony Binswanger, Bo Harkins and Brooks Pedder of CBRE’s Walnut Creek, Calif., office represented the seller in the deal. Steve Roth, Val Achtemeier and David Milestone of CBRE Capital Markets’ Debt & Structured Finance arranged the buyer’s financing.

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Rockpoint, Holland Partner Group to Develop 311-Unit Multifamily Project in San Jose, California

Amy Works — Fri, 28 Aug 2026 14:13:15 +0000

SAN JOSE, CALIF. — Boston-based Rockpoint and Hollard Partner Group have entered into a joint venture to develop Stevens Creek, a multifamily property that will be located at 2896 Stevens Creek Blvd. in West San Jose. Financial terms of the transaction were not disclosed. Scheduled for completion in 2029, Stevens Creek will feature 311 apartments and 6,000 square feet of ground-floor retail space. Units will offer stainless steel appliances, solid-surface countertops, in-unit washers and dryers and luxury vinyl tile flooring. Community amenities will include a resort-style pool, landscaped courtyard, resident lounge, fitness center and a coworking lounge.

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CBRE Arranges $21M Sale of Tournament Patio Apartments in Torrance, California

Amy Works — Thu, 27 Aug 2026 14:00:47 +0000

TORRANCE, CALIF. — CBRE has arranged the $21 million sale of Tournament Patio Apartments in the Southern California city of Torrance. JS Bower Foundation sold the property to Good Capital Group. Situated on 1.7 acres at 4111 W. 239th St., Tournament Patio Apartments features 60 apartments with an average units size of 1,023 square feet. The two-story, garden-style property was built in 1963. Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy of CBRE represented the seller in the deal.

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Progressive Real Estate Brokers $6.5M Sale of Multi-Tenant Retail Building in Temecula, California

Amy Works — Thu, 27 Aug 2026 13:54:13 +0000

TEMECULA, CALIF. — Progressive Real Estate Partners has brokered the $6.5 million sale of a multi-tenant retail building located within Vail Ranch Plaza in the Southern California city of Temecula. Greg Bedell of Progressive represented the buyer, a Los Angeles-based private investor, in the transaction. Brian Bielatowicz, Ryan Bennett and Drew Olson of Lee & Associates represented the seller, another private investor. The 8,781-square-foot retail building was fully leased at the time of sale to tenants including Better Buzz Coffee, Orangetheory Fitness, Krak Boba and D’Or Nail Lounge. Vail Ranch Plaza is an open-air shopping center that is anchored by Sprouts Farmers Market, PetSmart and EOS Fitness.

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Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, California

Amy Works — Wed, 26 Aug 2026 14:29:46 +0000

ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through AllianceBernstein and $76.1 million in construction period debt to bridge incoming tax credit equity and permanent bond financing provided by Merchants Bank. Financing for The Steven includes a $30.6 million private placement tax-exempt bond loan through AllianceBernstein and $15 million in construction period debt provided by Merchants Bank. The Frances will feature 324 one-, two- and three-bedroom apartments designated to residents earning 30 to 70 percent of the area median income (AMI) with fully equipped kitchens, central air conditioning and walk-in closets. Community amenities will include a pool, playground, fitness center, courtyard/picnic area, community room, dog park, computer room, service coordinator and an onsite manager. The Steven will add 180 one- and two-bedroom apartments for seniors aged 55 and up that earn between 30 and 70 percent of AMI. Nonprofit organization LifeSTEPS will…

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MDH Partners Buys Serrano Industrial Park in California’s Inland Empire West

Amy Works — Wed, 26 Aug 2026 13:52:40 +0000

JURUPA VALLEY, CALIF. — Atlanta-based investment firm MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in the Inland Empire city of Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet. Newmark represented the undisclosed seller in the transaction, while James Hwang of MDH sourced the deal for the firm. Terms of the transaction were not released. Built in 2019, the 151,885-square-foot Serrano Industrial Park features two buildings offering 30- to 32-foot clear heights, ESFR sprinklers and “ample” dock-high loading. The larger building is equipped with 12,000 amps of power. At the time of sale, the property was fully leased to a single tenant. Additionally, the 8.3-acre site sits within a mile of State Route 60 and about five miles from I-10.

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Hanover Co., Crow Holdings Capital Underway on 200,000 SF Industrial Project in Simi Valley, California

Amy Works — Wed, 26 Aug 2026 13:50:52 +0000

SIMI VALLEY, CALIF. — Hanover Co., in partnership with Crow Holdings Capital, is underway on construction of an industrial project on a 13-acre site at 903 Quimisa Drive in Simi Valley, located in southeastern California. The 200,000-square-foot building will feature 36-foot clear heights, an 8.5-inch slab, skylights, “ample” employee parking and proximity to California State Route 118. The project team includes Rasmussen as architect and M3 Civil as civil engineer. Deal partners include Chad Solomon of JLL and David Young of NAI Capital. Construction commenced in July with completion slated for summer 2027.

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Elevation Land Co., Crow Holdings Capital Complete Phase I of Otay Business Park in California

Amy Works — Tue, 25 Aug 2026 13:54:42 +0000

SAN DIEGO — Elevation Land Co. and a real estate fund advised by Crow Holdings Capital have completed Phase I of Otay Business Park, a two-phase, 119-acre industrial and logistics campus in the Otay Mesa submarket of San Diego. The 612,240-square-foot initial phase includes: At full build-out, Otay Business Park will feature 1.8 million square feet of industrial space, spanning the Siempre Viva Road connection to State Route 11, which is the last exit on highway before entering the Otay East U.S./Mexico Port of Entry commercial border crossing. The first phase of this port-of-entry is slated to open in late 2027. Dempsey Construction is serving as general contractor for the project, which was designed by Ware Malcomb. Brant Aberg and Ryan Downing of Cushman & Wakefield are marketing the property for lease.

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Burnham-Ward Properties Buys Retail Center in Tustin, California, Plans Mixed-Use Redevelopment

Amy Works — Tue, 25 Aug 2026 13:54:21 +0000

TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.

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SENTRE Acquires Industrial Property in Carlsbad, California for $26.6M

Amy Works — Tue, 25 Aug 2026 13:53:30 +0000

CARLSBAD, CALIF. — SENTRE has purchased 2840 Loker Avenue East, an industrial facility in the Southern California city of Carlsbad, from Bixby Capital Management and LaSalle Investment Management for $26.6 million. Hunter Rowe, Michael Longo, Barbara Perriet and Matt Carlson of CBRE represented the seller in the deal. Additionally, CBRE’s Scott Peterson and Michael Kolcum arranged acquisition financing for the buyer, while CBRE’s Roger Carlson, Dennis Visser and Blake Wilson provided leasing advisory services for the property. Situated on 6.2 acres within Carlsbad Technology Center, the 104,298-square-foot property was fully leased at the time of sale to Glanbia Nutritionals, a global nutrition and performance products company. Completed in 1998, the building has served as a key operational and logistics hub for Glanbia Nutritionals for nearly 25 years and features 13 dock-high loading doors, two grade-level doors and 4,000 amps of power.

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Colliers Brokers $11.3M Sale of Kellogg Square Retail Center in Santa Barbara, California

Amy Works — Tue, 25 Aug 2026 13:51:08 +0000

SANTA BARBARA, CALIF. — Colliers has brokered the $11.3 million sale of Kellogg Square, a neighborhood retail center located at 5555-5585 Hollister Ave. in Santa Barbara. AJR Capital Group sold the property to an undisclosed buyer. Miles Waters, Austin Herlihy, Chris Parker and Mike Chung of Colliers represented the buyer in the transaction.

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SRS Real Estate Partners Negotiates $41M Sale of Industrial Park in San Dimas, California

Amy Works — Mon, 24 Aug 2026 13:35:11 +0000

SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.

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Marcus & Millichap Brokers $5.3M Sale of Los Angeles Apartment Building

Amy Works — Mon, 24 Aug 2026 13:29:29 +0000

LOS ANGELES — Marcus & Millichap has arranged the $5.3 million sale of an apartment building located at 1476 S. Shenandoah St. on the west side of Los Angeles. The sales price equates to $334,937 per unit. Sam Liberow of Marcus & Millichap represented the seller, a company operating as 1476 Shenandoah Street LLC, in the transaction and procured the buyer, a local owner-operator. Built in 1966, the 17,653-square-foot, 16-unit property features two- and three-bedroom units across a mix of floor plans.

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CBRE Brokers $34.5M Sale of Turtle Creek Apartments in Riverside, California

Amy Works — Fri, 21 Aug 2026 15:13:01 +0000

RIVERSIDE, CALIF. — CBRE has facilitated the sale of Turtle Creek Apartments in Riverside. Turtle Creek Residential LLC sold the asset to SC El Camino LLC for $34.5 million in an off-market transaction. Eric Chen and Blake Torgerson of CBRE handled the deal. Located at 4826 Van Buren Blvd., Turtle Creek features 98 one-, two- and three-bedroom apartments with an average unit size of 916 square feet. Units offer stainless steel appliances, granite countertops, vinyl plank flooring, in-unit washers/dryers and walk-in closets. Community amenities include a swimming pool, spa, fitness center, bark park, tot lot, gated entry and professional on-site management. Completed in 2020, the 89,776-square-foot property is situated on a 179,032-square-foot site.

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Poole Properties Divests of Multi-Tenant Retail Property in Corona del Mar, California for $13.7M

Amy Works — Thu, 20 Aug 2026 14:15:10 +0000

CORONA DEL MAR, CALIF. — Poole Properties (formerly John Poole Radio Properties) has divested of a retail property at located at 2515 E. Coast Highway in Corona del Mar, part of the Newport Beach metro area. An entity doing business as Shops at CDM LLC acquired the property, which features 13,883 square feet of multi-tenant retail space, for $13.7 million. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap handled the transaction.

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Meridian Acquires Pasadena Medical Office Building for $13.3M, Arranges Long-Term Lease With Huntington Health

Amy Works — Wed, 19 Aug 2026 14:11:23 +0000

PASADENA, CALIF. — Meridian has acquired 55 East California Boulevard, a medical office building located adjacent to Huntington Hospital in Pasadena, for approximately $13.3 million. Concurrent with the purchase, Meridian finalized a long-term lease with The Huntington Physicians, an affiliate of Huntington Health and Cedars-Sinai Health System, for the entire second floor of the 32,052-square-foot property. Meridian entered escrow on the property in September 2025 and worked with the City of Pasadena to update its zoning code to permit medical office use as a conforming use within the applicable zoning district. As part of the repositioning effort, Meridian has arranged a new 10-year lease with The Huntington Medical Foundation covering approximately 10,619 square feet on the building’s second floor. Angie Weber of CBRE represented Meridian, while Jackie Benavidez and Damon Feldmeth of CBRE represented Huntington Medical Foundation in the lease transaction. Mark Shaffer and Cody Chiarella of CBRE represented Meridian in the sale transaction.

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Bell Partners Acquires Multifamily Community in South San Francisco for $130M

Amy Works — Tue, 18 Aug 2026 13:41:03 +0000

SOUTH SAN FRANCISCO, CALIF. — Greensboro, N.C.-based Bell Partners has acquired Bell South City West, a 195-unit multifamily community in South San Francisco. According to the San Francisco Business Times, the sales price was $130 million. Sares Regis Group of Northern California and an institutional equity partner sold the property, which was formerly known as Celeste. Berkadia represented the seller in the transaction.

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Newmark Provides $58M Fannie Mae Loan for Active Adult Community in San Clemente, California

Amy Works — Mon, 17 Aug 2026 13:24:48 +0000

SAN CLEMENTE, CALIF. — Newmark has provided a $58 million Fannie Mae loan for Everleigh San Clemente, an active adult community in Southern California in San Clemente. Lee Redmond, Alec Newman and Nick Schroeder of Newmark originated the loan on behalf of an institutional level joint venture. Designed for residents age 55 and older, Everleigh features 150 residences with convenient access to San Clemente’s beaches, coastal trails, golf courses and retail and dining destinations. The Class A property was delivered in 2023.

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Walker & Dunlop Provides $33.2M Agency Acquisition Loan for Los Angeles Multifamily Community

Amy Works — Fri, 14 Aug 2026 13:06:59 +0000

LOS ANGELES — Walker & Dunlop has provided a $33.2 million Freddie Mac acquisition loan for Palm Court Apartments in Los Angeles’ Miracle Mile neighborhood. Bryan Frazier, Blake Hockenbury, Steven Paskover, Sheri Blackburn and Dillon Hoffman of Walker & Dunlop Capital Markets Real Estate Financing secured the fixed-rate, full-term interest-only loan. Located at 740 S. Burnside Ave., Palm Court Apartments features 132 apartments within a four-story building. The property offers convenient access to downtown Los Angeles, Beverly Hills and the Wilshire Corridor.

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Marcus & Millichap Brokers $5M Sale of Single-Tenant Retail Property in Alameda, California

Amy Works — Fri, 14 Aug 2026 13:05:05 +0000

ALAMEDA, CALIF. — Marcus & Millichap has brokered the $5 million sale of a single-tenant retail property located in the Bay Area city of Alameda. Peet’s Coffee & Tea occupies the 3,000-square-foot building on a 10-year lease with annual rent increases. Mark Mason of Marcus & Millichap procured the buyer, a California-based private corporate trust, in the transaction. Brandon Norton and David Lucas of Monarch Commercial Advisors represented the seller, a California-based private client.

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