California Archives - REBusinessOnline

Prime Residential Purchases Palm Court Apartments in Los Angeles for $51.2M

Amy Works — Fri, 17 Jul 2026 13:18:30 +0000

LOS ANGELES — Prime Residential has purchased Palm Court Apartments, a 132-unit multifamily property located in the Miracle Mile neighborhood of Los Angeles, for $51.2 million, or $388,258 per unit. Jeff Louis, Gayle Factor and Elliot Sabag of Marcus & Millichap represented the the seller, a private investor, in the transaction. Matt Ziegler of Marcus & Millichap, along with Louis, Factor and Sabag, procured the buyer. Located at 740 S. Burnside Ave., Palm Court Apartments features 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath units and 12 three-bedroom/two-bath units. Apartments include custom cabinetry, quartz countertops and stainless steel appliances. Community amenities include controlled-access gated parking, heated pool and spa, fitness center, saunas, rooftop sundeck and laundry facilities on each floor. The property was built in 1988.

The post Prime Residential Purchases Palm Court Apartments in Los Angeles for $51.2M appeared first on REBusinessOnline.

Avison Young Brokers $8.8M Sale of Industrial Property in San Diego’s Otay Mesa District

Amy Works — Fri, 17 Jul 2026 13:16:57 +0000

SAN DIEGO — Avison Young has brokered the $8.8 million sale of an industrial property located at 7577 Airway Road in the Otay Mesa submarket of San Diego. An undisclosed buyer acquired the asset from a Miami-based private investor. Situated on 4.2 acres, the 31,488-square-foot industrial property features seven dock-high loading doors and three grade-level doors. Tanner Johnson and Jamie Endres-Keller of Avison Young, along with Barry Katz and Blake Katz of WGS Realty, represented the seller in the deal., while Price Real Estate Investments represented the buyer.

The post Avison Young Brokers $8.8M Sale of Industrial Property in San Diego’s Otay Mesa District appeared first on REBusinessOnline.

Winstar Properties Purchases 205-Unit Apartment Complex in Los Angeles

Amy Works — Thu, 16 Jul 2026 13:25:00 +0000

LOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller and procured the buyer in the transaction. Built in 1968, The Flat features 205 apartments. The property features a controlled-access entry system, modernized resident lounge, upgraded laundry rooms, new windows and a package receiving systems. Renovated apartments include built-in kitchenettes with modern fixtures, new cabinetry, quartz countertops and new refrigerators. Additionally, six of the renovated studio units are furnished.

The post Winstar Properties Purchases 205-Unit Apartment Complex in Los Angeles appeared first on REBusinessOnline.

Slatt Capital Arranges $12M in Acquisition Financing for Office Property in Rohnert Park, California

Amy Works — Thu, 16 Jul 2026 13:23:16 +0000

ROHNERT PARK, CALIF. — Slatt Capital has arranged $12 million in acquisition financing for a multi-tenant, 68,094-square-foot office building in Northern California. Located at 5900 State Farm Drive, the property was built in 1973. The Standard, a life insurance company lender, provided the nonrecourse loan, which features a structured staggered term and a 30-year amortization schedule. Sarah Armstrong and Daniel Friedeberg of Slatt Capital led the transaction, while Jonathan Siewert served as analyst.

The post Slatt Capital Arranges $12M in Acquisition Financing for Office Property in Rohnert Park, California appeared first on REBusinessOnline.

CBRE Brokers $77.5M Sale of Apartment Community in Oceanside, California

Amy Works — Wed, 15 Jul 2026 13:46:09 +0000

OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller, while James Flinn and Justin Fitchett of CBRE Debt and Structured Finance provided debt and finance support for the transaction. Situated on 14.2 acres, Sunterra features 240 two-bedroom apartments with detached garages. Community amenities include a resort-style pool, fitness center, landscaped courtyards and outdoor gathering spaces. Approximately 70 percent of the units have been renovated. The property was built in 1975 and is located at 3851 Sherbourne Drive.

The post CBRE Brokers $77.5M Sale of Apartment Community in Oceanside, California appeared first on REBusinessOnline.

Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53M

Amy Works — Tue, 14 Jul 2026 13:33:58 +0000

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged acquisition financing for the deal through Brightspire Capital. Kevin Green and Joe Grabiec of IPA represented the undisclosed seller in the deal. AMC will provide property management services for the community, while SD-Cap will oversee the planned property renovations. Originally constructed in 1963, Castlewood Park Apartments features 183 two-, three- and four-bedroom apartments, averaging 1,028 square feet, with garages for each unit and private yards for approximately 60 percent of the residences. Situated on 8.7 acres, the community features 46 buildings, two pools and a leasing center. Bascom plans to renovate the property with interior renovations, amenity enhancements and the addition of full-time on-site management to further improve the resident experience.

The post Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53M appeared first on REBusinessOnline.

Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California

Amy Works — Tue, 14 Jul 2026 13:30:25 +0000

PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller in the transaction. Azzi and Banafsheha also collaborated with Arteen Zahiri and Ian Habbestad of Marcus & Millichap to procure the buyer.

The post Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California appeared first on REBusinessOnline.

Panattoni Development Co. Completes 95,000 SF Amazon Delivery Station in Redding, California

Amy Works — Tue, 14 Jul 2026 13:30:06 +0000

REDDING, CALIF. — Panattoni Development Co. has completed a 95,000-square-foot Amazon delivery station within Stillwater Business Park in the Northern California town of Redding. The logistics space is located at 5855 Venture Parkway. Panattoni worked in coordination with Shasta Economic Development Corp. and the City of Redding to deliver the facility within Stillwater Business Park.

The post Panattoni Development Co. Completes 95,000 SF Amazon Delivery Station in Redding, California appeared first on REBusinessOnline.

Milhaus Completes Merger With SRG Residential, Agrees to Acquire Broadshore Capital

John Nelson — Tue, 14 Jul 2026 12:00:00 +0000

INDIANAPOLIS AND LOS ANGELES — Milhaus, a multifamily developer and operator based in Indianapolis, has completed its merger with SRG Residential, a subsidiary of Sares Regis Group based in Newport Beach. The combined company totals 1,400 employees and includes 50,000 apartments under management — 46,000 of which come from 190 properties managed by SRG Residential — as well as a development pipeline exceeding $2.5 billion. The combined company, which will be operated under the Milhaus platform, plans to start eight development projects this year totaling more than 2,000 new units in Southern California, Denver and Phoenix, giving Milhaus a presence in more than 20 markets across the country. Chris Payne, former CEO of SRG Residential, joins Milhaus as both the chief development officer and a shareholder. Jeff Bailey, president of property management at SRG Residential and a shareholder, now leads the property management group at Milhaus. “This partnership is a natural fit,” says Tadd Miller, CEO of Milhaus. “SRG Residential brings a best-in-class, high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes a high-quality owned portfolio and disciplined development and capital markets infrastructure.” “We are unlocking powerful synergies and long-term opportunities…

The post Milhaus Completes Merger With SRG Residential, Agrees to Acquire Broadshore Capital appeared first on REBusinessOnline.

SummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, California

Amy Works — Mon, 13 Jul 2026 14:09:17 +0000

SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo Alto, Calif. Designed by KTGY, the project will feature studio through three-bedroom floor plans, and 38 affordable units will be reserved for a variety of income levels. Community amenities will include a pool, hot tub, landscaped courtyards, clubroom, fitness center, leasing office, resident lounge, bike room and mail room. The community is within about 1 mile of two Caltrain stations with commuter service throughout the Bay Area.

The post SummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, California appeared first on REBusinessOnline.

NAI Capital Arranges $10.8M Sale of 24,670 SF Educational Facility in Irvine, California

Amy Works — Mon, 13 Jul 2026 14:08:00 +0000

IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional space, which includes OCMD’s existing campus at 17620 Fitch. Slated to open in November, the Cowan campus will feature five dance and rehearsal studios, 10 teaching studios, six music rehearsal rooms, a keyboard lab, advanced music production studio and flexible recital and performance spaces. The expansion will also support new early childhood, conservatory, world music and adult education programs. John Bosko of NAI Capital Commercial’s Investment Services Group represented the buyer in the deal. The name of the seller was not released.

The post NAI Capital Arranges $10.8M Sale of 24,670 SF Educational Facility in Irvine, California appeared first on REBusinessOnline.

All Access Rentals Buys 34,663 SF Industrial Property in North Hollywood

Amy Works — Mon, 13 Jul 2026 14:07:30 +0000

LOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million. Chris Nelson, Jacob Castro and Ben Turner of Matthews brokered the deal. The name of the seller was not released. The property features M2 zoning, clear heights ranging from 24 feet to 38 feet, three grade-level loading doors and a secured fenced yard. All Access Rentals, a construction equipment rental company, will use the property to expand its footprint into the Los Angeles market.

The post All Access Rentals Buys 34,663 SF Industrial Property in North Hollywood appeared first on REBusinessOnline.

JLL Arranges $20.5M Sale of Crown Valley Mall in Laguna Niguel, California

Amy Works — Fri, 10 Jul 2026 13:35:13 +0000

LAGUNA NIGUEL, CALIF. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the asset to Charlotte-based Asana Partners. Tenants at the 62,627-square-foot Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. The property is located at 30252 Crown Valley Parkway. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets’ Sale and Advisory represented the seller and sourced the all-cash institutional buyer in the transaction.

The post JLL Arranges $20.5M Sale of Crown Valley Mall in Laguna Niguel, California appeared first on REBusinessOnline.

Eagle Real Estate, Vistria Group Acquire 402-Unit Apartment Community in Garden Grove, California

Amy Works — Thu, 09 Jul 2026 13:33:37 +0000

GARDEN GROVE, CALIF. — Eagle Real Estate Partners and The Vistria Group have acquired Crystal View Apartments, a 402-unit mixed-income workforce housing community in Garden Grove. An undisclosed seller sold the asset for $132.5 million. Through the acquisition, Eagle and Vistria plan to extend affordability for 20 percent of the community’s units restricted to households earning up to 50 percent of area median income (AMI) and establish new long-term affordability restrictions for an additional 30 percent of units at 80 percent of AMI. Crystal View Apartments features garden-style units, 555 parking spaces, onsite resident services, a resort-style pool, fitness center and a sports complex. The property was built in 1968 and renovated in 2012. Geoff Boler and Jonathan Merhaut of Newmark handled the transaction.

The post Eagle Real Estate, Vistria Group Acquire 402-Unit Apartment Community in Garden Grove, California appeared first on REBusinessOnline.

CBRE Negotiates $45M Sale of Industrial Corporate Headquarters Facility in Carlsbad, California

Amy Works — Thu, 09 Jul 2026 13:33:20 +0000

CARLSBAD, CALIF. — CBRE has negotiated the $45 million sale of 2081 Faraday Avenue, an industrial corporate headquarters facility in Carlsbad. Majestic Asset Management acquired the property, which was fully leased at the time of sale, from an undisclosed investment and management company. Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller in the deal. Val Achtemeier of CBRE Capital Markets Debt & Structured Finance secured financing for the buyer. Built in 1997, the 157,973-square-foot facility has undergone significant capital and tenant improvements, including “high-end” interior finishes and upgraded amenities designed to support corporate headquarters operations. Situated on 9 acres, the facility features a stadium-style LED video board, an outdoor sport court, 26-foot clear heights, heavy power and dock-high and grade-level loading.

The post CBRE Negotiates $45M Sale of Industrial Corporate Headquarters Facility in Carlsbad, California appeared first on REBusinessOnline.

Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles

Amy Works — Thu, 09 Jul 2026 13:25:15 +0000

WOODLAND HILLS, CALIF. — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant restaurant building located approximately 26 miles northwest of downtown Los Angeles in Woodland Hills. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, an undisclosed private investor.

The post Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles appeared first on REBusinessOnline.

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

Amy Works — Wed, 08 Jul 2026 14:18:44 +0000

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

The post Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland appeared first on REBusinessOnline.

MMCC Arranges $5.7M in Financing for Office Property in Los Angeles

Amy Works — Wed, 08 Jul 2026 14:18:25 +0000

LOS ANGELES — Marcus & Millichap Capital Corp. (MMCC) has arranged $5.7 million in financing for an office building located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles. Situated near the California State University, Northridge campus, the 48,954-square-foot building is occupied by a tutoring service, internet service provider, computer repair service, consulting firm, real estate agency and an accounting firm. Dean Giannakopoulos of MMCC’s Chicago office originated the three-year loan at 65 percent loan-to-value through a regional bank on behalf of the undisclosed borrower. Other terms of the loan include a 6 percent interest rate and a 25-year amortization schedule.

The post MMCC Arranges $5.7M in Financing for Office Property in Los Angeles appeared first on REBusinessOnline.

Northwestern Mutual Sells 281,999 SF Barranca Business Park in Irvine, California

Amy Works — Tue, 07 Jul 2026 13:01:56 +0000

IRVINE, CALIF. — Northwestern Mutual has sold Barranca Business Park, a 281,999-square-foot industrial property in Irvine. Borstein Enterprises acquired the asset for an undisclosed price. Situated on 16.2 acres at 15281-15399 Barranca Parkway, the mid-bay industrial park features 13 buildings with units ranging in size from 8,523 to 30,495 square feet. At the time of sale, the asset was 87 percent occupied. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller and buyer in the transaction.

The post Northwestern Mutual Sells 281,999 SF Barranca Business Park in Irvine, California appeared first on REBusinessOnline.

Auto Parts Distributor Signs Full-Building Industrial Lease in Chino, California

Amy Works — Tue, 07 Jul 2026 12:55:00 +0000

CHINO, CALIF. — An undisclosed auto parts distribution company has signed a lease to occupy Building 3 within Chino South Industrial Center. Originally constructed in 2014 at 16380 Euclid Ave., the 522,267-square-foot property features 32-foot clear heights, dock-high loading and a large truck court. The facility is located Gus Andros of DAUM Commercial and Nathan Lara, Andrew Lara, Rudy Lara and Jack Nersesian of Lara CRE represented the tenant in the lease negotiations. Steve Bellitti, Tom Taylor, Joey Jones and Evelyn Manning of Colliers represented the landlord.

The post Auto Parts Distributor Signs Full-Building Industrial Lease in Chino, California appeared first on REBusinessOnline.