California Archives - REBusinessOnline

PSRS Arranges $11.7M in Acquisition Financing for Multi-Tenant Retail Plaza in San Bernardino, California

Amy Works — Fri, 09 Oct 2026 14:41:03 +0000

SAN BERNARDINO, CALIF. — PSRS has arranged $11.7 million in acquisition financing for a multi-tenant retail center in San Bernardino. Jonny Soleimani and Garrett Carter of PSRS secured the loan, which was structured with a 70 percent loan-to-value ratio, a two-year interest-only term and a built-in extension option, through a regional bank The borrower was undisclosed. Situated on 12.6 acres, the 66,713-square-foot property features 26 retail suites, including a gym anchor. Built in 2014, the property was 60 percent leased at the time of loan closing.

The post PSRS Arranges $11.7M in Acquisition Financing for Multi-Tenant Retail Plaza in San Bernardino, California appeared first on REBusinessOnline.

JLL Negotiates $9.5M Sale of Shops at Edgewater in Sand City, California

Amy Works — Fri, 09 Oct 2026 14:15:35 +0000

SAND CITY, CALIF. — JLL Capital Markets has negotiated the $9.5 million sale of the Shops at Edgewater, a 25,223-square-foot retail center located at 2080 California Ave. in Sand City. The fully leased property is occupied by Ulta Beauty, Panera Bread, Mancini’s Sleepworld and a Bank of America ATM. The Shops at Edgewater is also shadow anchored by Target, Ross Dress for Less and Lucky. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL represented the private seller in the transaction. An entity doing business as Sand City Holdings LLC was the buyer.

The post JLL Negotiates $9.5M Sale of Shops at Edgewater in Sand City, California appeared first on REBusinessOnline.

Yamaha Motor Corp. Sells 25-Acre Headquarters Campus in Cypress, California

Amy Works — Thu, 08 Oct 2026 13:50:05 +0000

CYPRESS, CALIF. — Yamaha Motor Corp. U.S.A. has sold its former U.S. headquarters at 6555 Katella Ave. in Cypress, located in Orange County. Terms of the transaction were not released. Patrick Barnes, Paul Clark, Nick Slonek and Jae Estep of Avison Young represented Yamaha in the deal. Situated on 25 acres, the infill, industrial-zoned campus includes three buildings — one industrial, one flex and one office — totaling approximately 278,964 square feet and occupying an entire city block with three points of access from Katella Avenue, Holder Street and Yamaha Way. The campus has served as Yamaha’s U.S. headquarters since 1979. As part of a planned corporate relocation to Kennesaw, Ga., Yamaha will lease back the entire property through Dec. 31, 2028.

The post Yamaha Motor Corp. Sells 25-Acre Headquarters Campus in Cypress, California appeared first on REBusinessOnline.

Rainbow Investment Co. Breaks Ground on 52,600 SF Medical Office Development in La Mesa, California

Amy Works — Thu, 08 Oct 2026 13:48:00 +0000

LA MESA, CALIF. — Rainbow Investment Co. has broken ground for Cush Medical Plaza, a medical office project that will be situated adjacent to the Sharp Grossmont Hospital campus in La Mesa, located in San Diego County. The project team includes Ware Malcomb as architect, interior designer and civil engineer, Turner Construction Co. as general contractor and 12 Alpha as project manager. Nehal Wadhwa and Matt Melendres of Cushman & Wakefield’s Healthcare Advisory team will handle leasing efforts for the development. The two-story, 52,600-square-foot building will feature flexible, multi-tenant medical office uses on the first floor and the Sharp Family Residency Clinic, a combined family practice and physician residency training clinic, on the upper floor. The residency center will include a lounge, sleep rooms, showers, charting spaces, a training room and fully functional exam and consult rooms for active patient care.

The post Rainbow Investment Co. Breaks Ground on 52,600 SF Medical Office Development in La Mesa, California appeared first on REBusinessOnline.

Jonathan Rose Cos. Acquires Affordable Housing Community in Santa Cruz, California

Amy Works — Tue, 06 Oct 2026 12:48:00 +0000

SANTA CRUZ, CALIF. — Jonathan Rose Cos. has purchased La Posada Apartments, a 150-unit mixed-income multifamily property located at 609 Frederick St. in Santa Cruz, with plans to extend the existing Project Based Section 8 Housing Assistance Payment (HAP) contract that provides federal support for 122 of the units. The original developers sold the property for $85 million. The contract was set to expire in 2028, but the acquisition will extend the federal support for an additional 20 years. The buyer will also implement an additional regulatory agreement with the California Municipal Finance Authority, further restricting 40 percent of units at 80 percent of the area median income for 55 years. Originally built in 1980, La Posada Apartments features a pool, community garden, library, community room with kitchenette, fitness center and a dining room, as well as an onsite independent elementary school. Additionally, the property provides onsite meals and other services focused on resident care. The new ownership plans to renovate the property, including upgrades to building systems and unit interiors, improvements to the community spaces, the addition of a dedicated fitness space and energy efficiency enhancements. The firm will also introduce a resident services plan, executed with the continued…

The post Jonathan Rose Cos. Acquires Affordable Housing Community in Santa Cruz, California appeared first on REBusinessOnline.

First Washington Realty Sells 174,428 SF Shopping Center in San Luis Obispo, California

Amy Works — Tue, 06 Oct 2026 12:46:00 +0000

SAN LUIS OBISPO, CALIF. — First Washington Realty has sold Marigold Center, a grocery-anchored shopping center in San Luis Obispo, about 200 miles north of Los Angeles, to Nuveen Real Estate for $58.2 million. Gleb Lvovich, Geoff Tranchina, Daniel Tyner and Eric Kathrein of JLL Capital Markets represented the seller in the deal. Located at 3900 Broad St., Marigold Center offers 174,428 square feet of retail space. Situated on 17.5 acres, the property was 91.6 percent leased at the time of sale. Tenants include Vons, CVS/pharmacy and Planet Fitness, as well as a mix of grocery, pharmacy, fitness, sporting goods, restaurant, medical and service-oriented tenants.

The post First Washington Realty Sells 174,428 SF Shopping Center in San Luis Obispo, California appeared first on REBusinessOnline.

Marcus & Millichap Brokers $6.3M Sale of San Francisco Multifamily Portfolio

Taylor Williams — Tue, 06 Oct 2026 12:42:00 +0000

SAN FRANCISCO — Marcus & Millichap has brokered the sale of a portfolio of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.3 million after approximately 50 years under the same family ownership. Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, represented seller in the transaction and procured the buyer, local firm Ballast. Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, one-bath units on a 0.12-acre parcel. The property features two flats per floor across three residential levels, six garage spaces and rear access from Warner Place. Built in 1908, the 6,075-square-foot property at 1067-1071 Union St. consists of five two-bedroom, one-bath units and is situated on a 0.07-acre parcel. The property includes two buildings on a single lot with frontage on Union Street and Macondray Lane.

The post Marcus & Millichap Brokers $6.3M Sale of San Francisco Multifamily Portfolio appeared first on REBusinessOnline.

North Palisade Partners Underway on 290,618 SF Multi-Tenant Industrial Project in Santee, California

Amy Works — Mon, 05 Oct 2026 13:30:02 +0000

SANTEE, CALIF. — North Palisade Partners is underway on development of Palisade Santee Commerce Center, a new industrial project in Santee, located in San Diego County. The company acquired the 13.4-acre site at 10990 N. Woodside Ave. from an undisclosed seller for $22.7 million. Slated for completion in third-quarter 2027, Palisade Santee Commerce Center will offer 290,618 square feet of multi-tenant industrial space. Evan McDonald of Colliers represented the buyer in the transaction. Additionally, McDonald and Mark Lewkowitz of Colliers will serve as the property’s leasing advisors.

The post North Palisade Partners Underway on 290,618 SF Multi-Tenant Industrial Project in Santee, California appeared first on REBusinessOnline.

Westwood Financial Acquires 95,416 SF Grocery-Anchored Center in Huntington Beach, California

Amy Works — Mon, 05 Oct 2026 13:29:00 +0000

HUNTINGTON BEACH, CALIF. — Westwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot shopping center located in Huntington Beach in Southern California. Grocer Ralphs anchors the property, which was 99 percent leased at the time of sale. Other tenants at the center include Planet Fitness, Carl’s Jr., Woof Gang Bakery & Grooming, Sourdough & Co., Rubio’s Baja Gril, Peninsula Orthodontics, Aim Mail Center and 602 Coffee & Acai.

The post Westwood Financial Acquires 95,416 SF Grocery-Anchored Center in Huntington Beach, California appeared first on REBusinessOnline.

Hanley Investment Group Brokers Sale of 87,042 SF Shopping Center in Apple Valley, California

Amy Works — Mon, 05 Oct 2026 13:28:00 +0000

APPLE VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of Apple Valley Towne Center, a regional shopping center in San Bernardino County. Kevin Fryman, Bill Asher and Sean Cox of Hanley Investment Group represented the seller and developer, San Pedro, Calif.-based Rich Development Enterprises, in the transaction. The buyer and sales price were not disclosed. Completed earlier this year o a 7.9-acre site at 19390 Bear Valley Road, Apple Valley Towne Center features 87,042 square feet of retail space that was fully leased at the time of sale to three national junior box tenants: Hobby Lobby, Marshalls and Five Below. The tenants operate under new initial long-term triple-net leases with scheduled rental increases every five years. Additionally, the property is shadow anchored by Stater Bros. Markets, Lowe’s and Walgreens.

The post Hanley Investment Group Brokers Sale of 87,042 SF Shopping Center in Apple Valley, California appeared first on REBusinessOnline.

Berkadia Arranges $6.8M Sale of Apartment Building in Los Angeles’ Westchester Neighborhood

Amy Works — Mon, 05 Oct 2026 13:26:00 +0000

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit apartment building in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments, based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, central heating and air conditioning, controlled access and 32 subterranean parking spaces.

The post Berkadia Arranges $6.8M Sale of Apartment Building in Los Angeles’ Westchester Neighborhood appeared first on REBusinessOnline.

JLL Arranges $276M Refinancing for Southern California Seniors Housing Portfolio

Taylor Williams — Mon, 05 Oct 2026 11:49:00 +0000

NEWPORT BEACH, CALIF. — JLL has arranged two loans totaling $276 million for the refinancing of a two-property seniors housing portfolio in the Newport Beach area of Southern California. The portfolio totals 395 units. The borrower is an affiliate of owner-operator Nexus Development. The first piece of the transaction involves a $140 million loan for Vivante Newport Center, a six-story, luxury community that features 99 independent living, assisted living and memory care units. Vivante Newport Center also offers a theater, bowling alley and a golf simulator, in addition to multiple onsite food-and-beverage options. The second component of the deal features $136 million in agency financing for Vivante Newport Mesa, a 296-unit community that was built in phases between 2013 and 2020. Vivant Newport Mesa comprises two buildings on a 6.8-acre site that also offer independent living, assisted living and memory care services. An undisclosed national bank provided the loan for Vivante Newport Center, and the name of the agency that originated the financing for Vivante Newport Mesa was also not disclosed. Greg Brown and Aaron Rosenzweig of JLL acted as intermediaries on both deals.

The post JLL Arranges $276M Refinancing for Southern California Seniors Housing Portfolio appeared first on REBusinessOnline.

KeyBank Provides $92.9M in Financing for Affordable Housing Development in Los Angeles

Amy Works — Fri, 02 Oct 2026 14:24:48 +0000

LOS ANGELES — KeyBank Community Development Lending and Investment (CDLI) has provided $92.9 million in financing for Broadway & Imperial, a new affordable housing development in South Los Angeles. The financing package includes a $43.8 million construction loan and an $18.1 million federal Low-Income Housing Tax Credit (LIHTC) equity investment from KeyBank CDLI. Key Commercial Mortgage Group arranged a $31 million Fannie Mae permanent loan, and KeyBanc Capital Markets underwrote a $31 million public bond issuance as part of the financing structure. Developed by SoLa Impact, Broadway & Imperial will feature 164 affordable apartments and two manager units that will be housed within four- and five-story buildings. Residents will have access to a range of amenities, including a lobby, rooftop deck, community room and three landscaped courtyards. Supportive services will be provided onsite by LifeSTEPS and will include educational, financial literacy, health and wellness and counseling services. Additionally, residents will have access to programs offered by the SoLa Foundation, including opportunities available through the SoLa Tech & Entrepreneurship Center Powered by Riot Games. Matthew Haas and Eileen Tran of KeyBank CDLI, along with Shana Daby of Key Commercial Mortgage Group, arranged the financing. Alex Stekler of KeyBanc Capital Markets marketed…

The post KeyBank Provides $92.9M in Financing for Affordable Housing Development in Los Angeles appeared first on REBusinessOnline.

DPI Retail Sells Main Street Marketplace in El Cajon, California for $17.5M

Amy Works — Fri, 02 Oct 2026 14:15:00 +0000

EL CAJON, CALIF. — DPI Retail has sold Main Street Marketplace, a grocery-anchored shopping center in El Cajon, located in San Diego County, for $17.5 million. The buyer, an entity doing business as First Corner LLC, is the owner of Manolo Farmers Market, which has anchored the property since 1988. Enrique Wong of Marcus & Millichap, along with Tom Lagos, Patrick Toomey and Jose Carrazana of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller in the deal. Built in 1979 at 1045-1099 E. Main St., Main Street Marketplace offers 75,328 square feet of retail space. Other tenants includes Bellus Academy, D C Cleaners, Fresh Up Barber Shop, Total Vision El Cajon, Boost Mobile, Freeway Insurance and El Cajon Eco Laundry. At the time of sale, Main Street Marketplace was 94.7 percent occupied, with dd’s Discounts accounting for two-thirds of the gross leasable area.

The post DPI Retail Sells Main Street Marketplace in El Cajon, California for $17.5M appeared first on REBusinessOnline.

DAUM Commercial Negotiates Sale of 29,932 SF Industrial Warehouse in Santa Ana, California

Amy Works — Fri, 02 Oct 2026 14:13:00 +0000

SANTA ANA, CALIF. — DAUM Commercial Real Estate Services has negotiated the off-market sale of an industrial warehouse facility in Santa Ana. Mike Barreiro, Devin Ray, Zack Homsy, David Freitag, Ben Andrews and Sam Andrews of DAUM represented the seller and procured the buyer, a global retailer and e-commerce wholesaler of currency collectibles and numismatic supplies, in the deal. Located at 3102 W. Adams St., the freestanding buildings features 29,932 square feet of manufacturing and distribution space on 1.6 acres zoned M-1 (light industrial). The property includes 3,000 square feet of office space, 20-foot clear heights, four truck-high loading positions, two ground-level loading doors and 45 parking spaces.

The post DAUM Commercial Negotiates Sale of 29,932 SF Industrial Warehouse in Santa Ana, California appeared first on REBusinessOnline.

The Great Cap Rate Puzzle: Rethinking How Net Lease Real Estate Responds to Interest Rates

John Nelson — Thu, 01 Oct 2026 11:36:00 +0000

By Jeff Lefko of Hanley Investment Group Real Estate Advisors For much of the last few decades, commercial real estate investors have operated under a simple assumption: interest rates rise, and cap rates rise with them. It is a straightforward relationship: intuitive, widely accepted and deeply embedded in underwriting models and investment committee discussions across the industry. Yet in the net lease sector, the connection between interest rates and cap rates has been far less direct than many believe. Since early 2022, the Federal Reserve has increased short‑term rates by more than 500 basis points, the fastest tightening cycle in four decades. Longer‑term borrowing costs remain elevated compared to the ultra-low-rate era of 2020 and 2021, even after the Fed’s rate cuts through 2025. Conventional thinking suggests net lease cap rates should have expanded sharply. Instead, cap rates across much of the single-tenant and multi-tenant net lease market have risen only modestly relative to the scale of the rate increases. There has been movement in certain segments, particularly in secondary markets, shorter lease terms and lower credit tenants, but the broader market has moved far less than the headline rate increases alone would suggest. This raises an important question for…

The post The Great Cap Rate Puzzle: Rethinking How Net Lease Real Estate Responds to Interest Rates appeared first on REBusinessOnline.

SRS Real Estate Brokers $27.5M Sale of Value-Add Retail Property in Santa Clarita, California

Amy Works — Wed, 30 Sep 2026 13:43:26 +0000

SANTA CLARITA, CALIF. — SRS Real Estate Partners has arranged the sale of a value-add retail property located at 23126-23170 Valencia Blvd. in Santa Clarita. A Los Angeles-based investor sold the asset to Glendale, Calif.-based Avant Real Estate for $27.5 million. Situated on 12.6 acres, the shopping center totals 120,559 square feet and was formerly a Kmart-anchored retail center. At the time of sale, the asset was 80 percent leased. The new ownership plans to fully renovate the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance. Carlos Lopez, Terrison Quinn and Tony Vuona of SRS Capital Markets represented the seller, while Ed Matevosian of CBRE represented the buyer in the deal.

The post SRS Real Estate Brokers $27.5M Sale of Value-Add Retail Property in Santa Clarita, California appeared first on REBusinessOnline.

Sterling Organization Buys 69,622 SF Pavilions Marketplace in West Hollywood

Amy Works — Wed, 30 Sep 2026 13:42:07 +0000

WEST HOLLYWOOD, CALIF. — West Palm Beach, Fla.-based Sterling Organization, on behalf of its institutional value-add fund Sterling Value Add Partners, has acquired the 69,622-square-foot Pavilions Marketplace in West Hollywood. Terms of the transaction were not released. Pavilions Marketplace is currently 89 percent leased and anchored by a 54,087-square-foot Pavilions grocery store. Additional tenants include Chase Bank, Insomnia Cookies and Nothing Bundt Cakes. The property is situated on 3.4 acres at the intersection of Santa Monica and North Robertson boulevards.

The post Sterling Organization Buys 69,622 SF Pavilions Marketplace in West Hollywood appeared first on REBusinessOnline.

Faris Lee Investments Brokers $38.7M Sale of Two-Tenant Retail Property in Lakewood, California

Amy Works — Tue, 29 Sep 2026 13:35:41 +0000

LAKEWOOD, CALIF. — Faris Lee Investments has arranged the sale of a two-tenant retail property within Lakewood Center in Lakewood. A consortium of multiple owners sold the asset for $38.7 million to a high-net-worth family office. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee Investments represented the seller and buyer in the deal. Totaling 154,997 square feet on 14.7 acres, the property includes The Home Depot and Albertsons. The two tenants occupy their respective parcels under absolute below-market ground leases, with both operating at the location for more than 30 years.

The post Faris Lee Investments Brokers $38.7M Sale of Two-Tenant Retail Property in Lakewood, California appeared first on REBusinessOnline.

Marcus & Millichap Arranges $7M Sale of Retail Center in San Jose, California

Amy Works — Tue, 29 Sep 2026 13:33:55 +0000

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Capital Commercial Center, a retail property in San Jose. A partnership sold the asset to a California-based limited liability company for $7 million, or $485.19 per square foot. Steve Sauter of Marcus & Millichap represented the seller, while Bryan DiMesio and Scott Ferguson of Marcus & Millichap represented the buyer in the transaction. Located at 175 S. Capitol Ave., Capital Commercial Center features 14,479 square feet of retail space. Built in 1988 on a 1.1-acre parcel, the property is fully leased to nine tenants under triple-net leases with an average occupancy tenure of more than 11 years. The buyer plans to maintain the property and benefit from contractual rent increases.

The post Marcus & Millichap Arranges $7M Sale of Retail Center in San Jose, California appeared first on REBusinessOnline.