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Waterton Buys 212-Unit Misora Apartment Community in San Jose, California

Amy Works — Fri, 06 Feb 2026 15:09:19 +0000

SAN JOSE, CALIF. — Chicago-based Waterton has acquired Misora, a mid-rise multifamily property at 388 Santana Row in San Jose. Terms of the transaction were not disclosed. Built in 2013, Misora offers 212 studio, one-, two- and three-bedroom units, with half of the layouts featuring a loft configuration or a den and select units including a private balcony. Waterton plans to upgrade residences to a modern finish level, including vinyl plank flooring, new lighting and plumbing fixtures, quartz countertops, new backsplashes and a new technology package. Stainless steel appliance packages and cabinets will be added as needed. Community amenities include a lap pool and spa, rooftop sundeck with barbecue and dining areas, a coworking lounge and conference center, a fitness studio, demonstration kitchen for community use and private underground parking. Waterton plans to update furniture and fixtures in the amenity spaces, add new flooring and equipment in the fitness center and reconfigure underutilized spaces.

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PSRS Arranges $8M in Construction Financing for Affordable Housing Development in Los Angeles

Amy Works — Fri, 06 Feb 2026 15:06:32 +0000

LOS ANGELES — PSRS has arranged $8 million in construction financing for South Central Apartments, a multifamily development in Los Angeles. The ground-up construction project will feature 48 units fully dedicated to affordable housing. Securing the loan through a bank execution, Michael Warner of PSRS delivered a 65 percent loan-to-value structure featuring a two-year term with full-term, interest-only payments.

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Barings Sells Seacliff Village Shopping Center in Huntington Beach to Asana Partners for $151M

Amy Works — Thu, 05 Feb 2026 14:14:33 +0000

HUNTINGTON BEACH, CALIF. — Barings has completed the disposition of Seacliff Village, a core grocery-anchored shopping center in Huntington Beach, to Asana Partners for $151 million. JLL secured an $83.8 million acquisition loan for the buyer. Situated on 26.7 acres at Yorktown Avenue and Main Street, Seacliff Village features 253,234 square feet of retail space that was 95.8 percent occupied at the time of sale. The property is anchored by a 69,925-square-foot Albertsons store. Additional tenants include LA Fitness, Staples, Panera Bread, Starbucks Coffee and four banks. The property is wholly owned, including all 11 outparcel and shop buildings. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL brokered the transaction. Anthony Fertitta Jr. and John Marshall of JLL arranged the acquisition financing for the buyer.

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IPA Secures $52M in Financing for 98-Unit Arista Glendale Multifamily Property in California

Amy Works — Thu, 05 Feb 2026 14:11:42 +0000

GLENDALE, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $52 million in financing for Arista Glendale, a multifamily property at 520 N. Central Ave. in Glendale. Stefen Chraghchian of IPA Capital Markets secured the financing with Dwight Capital. The nonrecourse loan features a five-year, interest-only term at a 67.5 percent loan-to-value ratio. Arista Glendale features 98 two- and three-bedroom apartments with in-unit laundry, a 24/7 fitness center, swimming pool with a spa and private cabanas, a resident lounge, an outdoor firepit and barbecue area, a billiards gaming area and parking.

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CBRE Negotiates $9.8M Sale of Office Property in San Juan Capistrano, California

Amy Works — Thu, 05 Feb 2026 14:02:39 +0000

SAN JUAN CAPISTRANO, CALIF. — CBRE has brokered the sale of Marbella Commerce Center, a two-building office campus at 30900-30950 Rancho Viejo Road in San Juan Capistrano. A local private 1031 investor acquired the property for $9.8 million. Anthony DeLorenzo, Matt Didier, Sammy Cemo, Bryan Johnson and Jessie Tichelaar of CBRE represented the private seller in the transaction. Situated on a 2.4-acre lot, the two buildings offer 50,813 square feet of office space. Built in 2001, the asset was 96 percent leased to 17 tenants at the time of sale.

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Article Student Living Receives Refinancing for 720-Unit Student Housing Property Near UC Berkeley

Amy Works — Wed, 04 Feb 2026 14:47:35 +0000

BERKELEY, CALIF. — Article Student Living, an operating platform of QuadReal Property Group, has received refinancing for IDENTITY Logan Park, a two-phase student housing community serving the University of California, Berkeley. JLL Capital Markets secured financing with funds managed by Oaktree Capital Management for the borrower. Totaling 720 beds, IDENTITY Logan Park I and II are located at 2050 Durant Ave. and 2370 Durant Ave., less than half a mile from UC Berkeley’s campus in downtown Berkeley. The community features two buildings completed in 2022 and 2023 with a total of 204 studio, one-, two- and three-bedroom apartments. Units feature stainless steel appliances, in-unit washers/dryers and smart TVs. Community amenities include a 24-hour fitness center, rooftop sky lounge, study spaces and a dedicated campus shuttle service for residents.

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Anthropic Leases 466,000 SF Office Tower in San Francisco

Amy Works — Tue, 03 Feb 2026 14:59:23 +0000

SAN FRANCISCO — Anthropic, a leader in AI technology, has leased the entirety of 300 Howard, a 25-story, 466,000-square-foot office tower, and 342 Howard, a historic 18,000-square-foot building, both in San Francisco. The properties are owned and managed by a joint venture between DivcoWest and Blackstone Real Estate. JLL’s Chris Roeder, Ted Davies and Carlye Parker represented DivcoWest and Perform Properties, Blackstone Real Estate’s retail and office portfolio company, in lease negotiations. Felipe Gomez-Kraus and John Diepenbrock of JLL represented Anthropic.

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Shopoff Realty Investments Buys Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

Amy Works — Tue, 03 Feb 2026 14:58:21 +0000

WESTMINSTER, CALIF. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing. The project will also include more than 120 hotel keys, as well as more than 220,000 square feet of retail space. The site will also dedicate more than 15 acres to open space, including private resident spaces, open-air promenades and a network of walking trails. Current entitlement plans have been submitted to the city for review with anticipated approval in 2026. Demolition of the existing mall is planned for first-quarter 2026, with Target continuing to operate during this time. Once demolition and entitlements are completed, construction is slated to begin in fourth-quarter 2026.

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CBRE Brokers $12.4M Sale of Two-Building Office Portfolio in La Palma, California

Amy Works — Tue, 03 Feb 2026 14:55:17 +0000

LA PALMA, CALIF. — CBRE has facilitated the sale of an office portfolio located at 24 and 26 Centerpointe Drive in La Palma. A local 1031 exchange investor acquired the property from an institutional seller for $12.4 million, or $257 per square foot. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE’s Private Capital Partners represented the seller in the deal. The 44,953-square-foot portfolio includes two high-image, single-story office/flex buildings situated within a landscaped campus setting. The portfolio features recent multi-million-dollar common area upgrades, a shared association lounge and efficient surface parking.

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Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction

John Nelson — Tue, 03 Feb 2026 13:00:00 +0000

NEW YORK CITY AND EL SEGUNDO, CALIF. — Brookfield Asset Management (NYSE: BAM) has entered into a definitive agreement in which one of the firm’s private real estate funds will acquire the outstanding shares of Peakstone Realty Trust (NYSE: PKST), an industrial REIT that has a strategic focus on the industrial outdoor storage (IOS) sector. The El Segundo-based company, which sold off its final office assets in December, currently owns 76 industrial properties, including 60 IOS assets. At a proposed price of $21 per share, the all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The price represents a 34 percent premium relative to Peakstone’s share price on Jan. 30, the last full trading day prior to the announcement. “This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” says Michael Escalante, CEO of Peakstone. At the conclusion of the acquisition, Peakstone will be a privately held company and will be delisted from the New York Stock Exchange. Founded in 2009 as Griffin Realty Trust, the company was rebranded as Griffin Capital Essential Asset REIT in January 2023 and then as Peakstone Realty Trust in 2021. For Brookfield, the…

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DJM Capital Sells Gateway Center Retail Property in Mission Viejo, California for $51M

Amy Works — Mon, 02 Feb 2026 15:01:26 +0000

MISSION VIEJO, CALIF. — DJM Capital has completed the sale of Gateway Center, a retail property located in Mission Viejo’s master-planned community, to Asana Partners for $51 million. Located at 23972-24042 Alicia Parkway, Gateway Center features 79,108 square feet of retail space that is 97 percent occupied. Current tenants include Chase Bank, Starbucks Coffee, San Diego County Credit Union and Pacific Dental Services. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Capital Markets represented the seller in the deal.

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Berkadia Arranges JV Equity Investor for 336-Unit Apartment Development in Fremont, California

Amy Works — Mon, 02 Feb 2026 14:59:44 +0000

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner on behalf of an institutional client for the development of Aurum, the final phase of a 966-unit multifamily project adjacent to the Warm Springs BART Station in Fremont. Brett Betzler and Kaohu Berg-Hee of Berkadia brokered the deal. Located at 3300 Innovation Way, Aurum will consist of a five-story, elevator-served building with 336 apartments and more than 600 structured garage parking spaces. Community amenities will include a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail space. Completion is slated for 2027.

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Location Matters Negotiates $3.2M Sale of Single-Tenant Restaurant Property in Mission Hills, California

Amy Works — Mon, 02 Feb 2026 14:57:31 +0000

MISSION HILLS, CALF. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

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JPI Begins Construction on $150M First Phase of Mall Redevelopment in Long Beach, California

Amy Works — Fri, 30 Jan 2026 14:59:56 +0000

LONG BEACH, CALIF. — JPI has broken ground on Portico, a previously announced 272-unit multifamily project with 18,841 square feet of ground-level retail space. The $150 million development marks Phase I of a master plan for Mosaic, which is the redevelopment of the former City Place Long Beach shopping center. Completion of the eight-story building is slated for June 2028. City Place Long Beach was developed in the 1990s on about 14 acres in downtown Long Beach. The site was cleared earlier this year. Units will be offered as studios through three-bedroom floor plans with amenities that include a speakeasy, rooftop deck, golf simulator, fitness center, sauna and pool deck overlooking the Mosaic shopping center. Finance partners include Tokyo Tatemono and BMO Bank. The broader Mosaic project, led by Turnbridge Equities, Waterford Property Co. and Monument Square Investment Group, will ultimately deliver 900 multifamily residences and 38,000 square feet of commercial space.

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JLL Secures $112M in Financing for Redevelopment Project in Brea, California

Amy Works — Fri, 30 Jan 2026 14:55:13 +0000

BREA, CALIF. — JLL Capital Markets has secured $107 million in acquisition financing with a $5 million operating reserve for a 33.9-acre redevelopment project in Brea. Matt Stewart, Kellan Liem, Serge Sarkissian, John Rankin and Kyle White of JLL represented the borrower, Dwight Manley, in arranging financing from funds managed by affiliates of Fortress Investment Group. According to JLL, Dwight Manley will transform a vacant commercial building into a mixed-use community with retail and residential components. Dwight Manley has been actively involved in downtown Brea development for nearly 25 years, playing a key role in the city’s downtown revitalization and lifestyle transformation.

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HSR, Haseko North America Close on Land, Secure Loan for 281-Unit Apartment Complex in Los Angeles

Amy Works — Thu, 29 Jan 2026 14:46:13 +0000

LOS ANGELES — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and joint venture partner Haseko North America have closed on the land and secured a loan for the development of Jules San Pedro, an apartment community in Los Angeles’ San Pedro Waterfront Arts District. The site was acquired on Jan. 13. Terms of the transaction were not disclosed. Situated waterfront at 155 W. 6th St., the eight-story multifamily property will feature 281 apartments and 1,276 square feet of ground-floor corner retail space. Jules San Pedro will occupy a 1.2-acre full city block and is directly adjacent to the new Piazza Miramere. Designed by KFA Architecture, Jules San Pedro will offer a mix of studio, one- and two-bedroom floor plans. Community amenities will include a pool deck and courtyard with a sauna, spa and clubhouse, a central water-facing courtyard with indoor/outdoor fitness, a sky lounge and rooftop deck, multiple barbecue areas, a pet spa and an oversized coworking space with multiple conferences and work areas. The project will be Greenpoint Rated and feature sustainable elements, including electric vehicle charging stations and a rooftop, net-metered solar photovoltaic system. Groundbreaking is slated for later this quarter, with delivery scheduled for…

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PSRS Arranges $6.9M in Construction Financing for Multifamily Project in Los Angeles

Amy Works — Thu, 29 Jan 2026 14:42:39 +0000

LOS ANGELES — PSRS has arranged $6.9 million in construction financing for AH Los Angeles, a multifamily development in Los Angeles. The ground-up project will feature 40 units dedicated entirely to affordable housing. Michael Warner of PSRS worked with a local bank to secure the loan, which features a 68 percent loan-to-cost ratio and interest-only payments for 24 months, on behalf of the repeat borrower.

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RealSource Group Arranges $3.2M Sale of McDonald’s-Occupied Retail Property in Southern California

Amy Works — Thu, 29 Jan 2026 14:37:01 +0000

WILDOMAR, CALIF. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant restaurant property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

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Brixton Capital Buys Quad at Whittier Shopping Center in California for $100M

Amy Works — Wed, 28 Jan 2026 15:02:04 +0000

WHITTIER, CALIF. — Brixton Capital has acquired The Quad at Whittier, a nine-building shopping center in Whittier, from an undisclosed seller for $100 million. Located at 13400-13582 Whittier Blvd. and 8415-8330 Painter Ave., the 314,593-square-foot property was 95.5 percent occupied at the time of sale. Current tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. The retail center was originally constructed in 1953 and expanded in 1965 with renovations completed over time. Chase Levra and Chris Hoffmann of Eastdil Secured represented the seller, while Brixton was self-represented in the transaction. With this acquisition, Brixton’s retail holdings in Southern California amount to approximately 1.2 million square feet.

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

Amy Works — Wed, 28 Jan 2026 15:00:25 +0000

NAPA, CALIF. — CBRE has arranged a $57.6 million loan for the refinancing of First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions to include Blue Bottle Coffee, Daily Recess and the Don Perico restaurant.

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