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Transwestern Investments Sells 392,983 SF Warehouse in San Bernardino

Amy Works — Wed, 20 May 2026 13:29:32 +0000

SAN BERNARDINO, CALIF. — Transwestern Investments has completed the disposition of San Bernardino I, a Class A industrial warehouse located in San Bernardino within the Inland Empire East submarket. Terms of the transaction were not disclosed. Completed in 2019, the asset offers 392,983 square feet of industrial space. The warehouse offers direct access to major interstate highways and proximity to Ontario International Airport and the ports of Los Angeles and Long Beach, Calif. The property was developed through a joint venture between Transwestern Development, Transwestern Investments and the separately managed account client.

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JLL, HJ Sims Secure $252.1M in Financing for Planned 214-Unit Seniors Housing Project in Huntington Beach, California

Amy Works — Tue, 19 May 2026 14:18:30 +0000

HUNTINGTON BEACH, CALIF. — JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a seniors housing community in Huntington Beach. HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate bonds. Issued through the California Public Finance Authority, the fixed- and floating-rate financing was structured into Series A senior bonds and subordinate Series B and C bonds. The bonds were divided into three tranches: a Series A $165.7 million tranche, a Series B $74.3 million tranche and a Series C $12.1 million tranche. Located at 2120 Main St., The Marisol is currently under construction and will deliver 214 seniors housing units and a full amenity package in 2028. JLL’s Senior Housing Capital Markets team served as real estate advisor on the project.

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Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in California

Amy Works — Tue, 19 May 2026 14:14:38 +0000

YORBA LINDA, CALIF. — A joint venture between Harbor Associates and Farallon Capital Management has purchased Yorba Linda Commerce Center, a small-bay industrial campus in Yorba Linda, in an off-market transaction valued at $81 million. The seller was a private family that had owned the property for more than 30 years. Located at 3910 Prospect Ave., Yorba Linda Commerce Center features 280,000 square feet of industrial space spread across 10 single- and multi-tenant buildings featuring 83 units ranging in size from 1,200 square feet to 24,000 square feet. Each unit includes office space, clear heights up to 22 feet, ground-level doors, ample electrical capacity, LED lighting and updated HVAC systems. Built in 1987, the asset was 98 percent leased at closing. Gary Martinez of Ashwill Associates represented the seller in the transaction. Shaun Moothart, Bob Ybarra and Andrew Post of CBRE represented Harbor in securing a $56 million fully funded loan that was provided by an affiliate of QuadReal Property Group with Brandon Bachner leading the financing on behalf of QuadReal.

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Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles

Amy Works — Tue, 19 May 2026 14:12:06 +0000

LOS ANGELES — Seachange Partners has received $15.6 million in nonrecourse construction financing for two affordable multifamily developments in Los Angeles. Keith Rosso and Jeremy Kanter of Berkadia arranged the financing through Genesis Capital, a private Los Angeles-based residential construction lender. Located at 1723 Corinth Ave. and 3751 Delmas Terrace, the two five-story properties will deliver a combined 79 units of deed-restricted affordable housing. Construction is underway, with completion slated for 2027. Seachange Partners was founded in 2024 by Kyle Jenkins and Cameron Whiting. To date, the firm has initiated four affordable housing development projects in the greater Los Angeles area. The Corinth Avenue and Delmas Terrace developments are Seachange’s inaugural projects.

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CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West Sacramento

Amy Works — Tue, 19 May 2026 14:06:53 +0000

WEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Located at 805-831 Harbor Blvd., Harbor Central features 22,198 square feet of retail space that was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s, Subway and Raku Sushi.

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Lendlease, Aware Super Open Habitat Mixed-Use Campus in Los Angeles

Amy Works — Mon, 18 May 2026 13:47:24 +0000

LOS ANGELES — Lendlease, in joint venture with Aware Super, has opened Habitat, a two-building live-work-thrive campus in Los Angeles. Located at 3411 S. La Cienega Blvd., the campus includes Habitat Residences, a 12-story residential building, and a six-story, 260,000-square-foot creative office building. Designed by SHoP Architects, with Steinberg Hart acting as architect of record, the buildings are situated on a 3.5-acre campus. The residential component includes 260 studio, one- and two-bedroom apartments and penthouses on the top two floors. Apartments include quartz countertops, full quartz backsplashes, full-height windows and balconies or terraces in 50 percent of the units. Community amenities include a resort-style deck with an outdoor pool, spa, shaded cabanas, grilling stations and al fresco dining areas, a rooftop bookable dining room and outdoor terrace and an indoor-outdoor fitness center. The property also includes a fleet of Habitat-branded e-bikes for residential use, coworking space, a social lounge, media room, library, dedicated storage, pet spa, dog run and dining room with planned chef demonstrations, wine tastings and seasonal pop-ups. Kelly Wearstler and Jules Wilson Design Studio designed the interiors of the residential building. The office portion includes 40,000-square-foot to 50,000-square-foot floor plates, 14-foot floor-to-floor heights and private terraces, as…

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Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

Amy Works — Mon, 18 May 2026 13:44:30 +0000

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

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WMC Commercial Buys Upland Village Green Multifamily Property in California for $48.5M

Amy Works — Mon, 18 May 2026 13:43:09 +0000

UPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million. Kevin Green, Joseph Grabiec, Chris Zorbas and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Upland Village Green features 24 residential buildings with electronic access entry gates, a swimming pool, spa and sundeck. Apartments feature open floor plans, private patios or balconies and illuminated ceiling fans.

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Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT

Taylor Williams — Mon, 18 May 2026 12:04:00 +0000

BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction…

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JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions

Amy Works — Fri, 15 May 2026 13:29:14 +0000

LOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets. EQT Real Estate and Berkeley Partners each acquired separate assets from the 365,774-square-foot portfolio through distinct closings. Patrick Nally, Ryan Spradling, Evan Moran, Makenna Peter and Shae Vomund of JLL Capital Markets represented the undisclosed seller in both transactions.

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Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California

Amy Works — Fri, 15 May 2026 13:25:14 +0000

MADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley Investment Group. Sean Cox and Bill Asher of Hanley Investment Group represented the seller and developer, Clovis, Calif.-based Stock Five Development Inc. Dev Patel of Kidder Mathews represented the buyer, a private investor from the San Francisco Bay Area.

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IPA Arranges $28M Sale of Park Encino Multifamily Property in Los Angeles

Amy Works — Thu, 14 May 2026 13:15:11 +0000

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the undisclosed seller and procured the buyer, locally based Universe Holdings Development. Completed in 2014, Park Encino is a gated community with a central courtyard, clubhouse, fitness center, patio and grill. The unit mix is comprised of two- and three-bedroom floor plans. Units feature washers and dryers and walk-in closets.

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Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, California

Amy Works — Thu, 14 May 2026 13:12:42 +0000

CARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million. Situated within Carlsbad Raceway Business Park, the 20,142-square-foot property features a clear height of 24 feet, one dock well and two grade-level doors. At the time of sale, the property was partially leased. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates — North San Diego County represented the seller, while Chris Vassilian of Lee & Associates Irvine represented the buyer in the deal.

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Northmarq Brokers $10.9M Sale of Sunset Sands Apartments in Fresno, California

Amy Works — Wed, 13 May 2026 13:32:30 +0000

FRESNO, CALIF. — Northmarq has arranged the sale of Sunset Sands Apartments, a multifamily property in Fresno. XLNT Sunset Sands LP sold the asset to SRI Cedar LLC for $10.9 million. Located at 4585 E. McKinley Ave., Sunset Sands features 96 garden-style apartments that were built in 1974. Robin Kane and Brendan Kane of Northmarq represented the seller in the deal.

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GreenRock Capital, J.P. Morgan Close $103M in Financing for Ontario Airport Hotel and Conference Center in California

Amy Works — Tue, 12 May 2026 14:02:40 +0000

ONTARIO, CALIF. — GreenRock Capital, with J.P. Morgan as underwriter, has closed $103 million in financing for the Ontario Airport Hotel and Conference Center in Ontario. The $103 million package pairs $26 million in tax-exempt C-PACE bonds with $77 million in tax-exempt mortgage revenue bonds. The financing was placed with municipal bond investors. National CORE owns the asset, which is being converted into the Hyatt Regency Ontario through a comprehensive renovation and repositioning process. Financing proceeds will support the redevelopment of the existing 309-room hotel into a 295-room Hyatt Regency. The new property will feature expanded suites, fully renovated guest rooms and commons area, a redesigned lobby, upgraded food-and-beverage offerings, a new Club Lounge and more than 16,000 square feet of meeting space. Keaton Yellin of JLL Capital Markets arranged the financing. Fred Schuster of FGS Realty Advisors assisted the sponsor with the transaction.

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B.A.G. Investments Buys 104-Unit Apartment Community in Downey, California

Amy Works — Tue, 12 May 2026 13:59:22 +0000

DOWNEY, CALIF. — B.A.G. Investments has acquired Parc @ 5, a 104-unit garden-style multifamily asset located in Downey, approximately 13 miles from downtown Los Angeles. Parc @ 5 Downey LLC sold the asset for an undisclosed price. Parc @ 5 features 20 one-bedroom units, 64 two-bedroom units and 20 three-bedroom units. Shane Shafer of Colliers represented the seller in the transaction.

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Progressive Real Estate Partners Brokers $2.8M Sale of Restaurant Building in Ontario, California

Amy Works — Tue, 12 May 2026 13:58:21 +0000

ONTARIO, CALIF. — Progressive Real Estate Partners has arranged the purchase of a freestanding restaurant building located at 4605 Mills Circle in Ontario. A private investor acquired the asset for $2.8 million. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of Kotai Commercial represented the seller, a private investor, in the deal.

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Peninsula Land & Capital Buys 124,724 SF Lincoln Court Office Building in Campbell, California

Amy Works — Mon, 11 May 2026 13:45:08 +0000

CAMPBELL, CALIF. — Peninsula Land & Capital has acquired Lincoln Court, a three-story office building in Campbell, from an undisclosed seller for $24.6 million. Located at 2105 S. Bascom Ave., Lincoln Court offers 124,724 square feet of multi-tenant office space on a 4.2-acre site. The asset was originally built in 1986 and renovated in 2021. Prior ownership invested nearly $6 million in capital improvements, including a renovated courtyard, lobby and locker rooms with showers, as well as a new common area conference center and fitness center. At the time of sale, Lincoln Court was 56 percent leased to 25 tenants. Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represent the seller in the deal.

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Lee & Associates Brokers $11.5M Sale of Industrial Property in Escondido, California

Amy Works — Mon, 11 May 2026 13:39:08 +0000

ESCONDIDO, CALIF. — The Little Dragovic Team of Lee & Associates – North San Diego County has negotiated the sale of an industrial property located at 410, 414 and 416 Hale Ave. in Escondido. An entity doing business as Hale Holdings LP/Raymer Properties LP sold the asset to Mariste Enterprises LP for $11.5 million. Ne-Mo’s Bakery fully occupies the property and has been the original tenant since the building was delivered in 1975. Ne-Mo’s Bakery uses the facility for corporate office space, baking, food processing, cooler/freezer storage, dry good storage, warehousing and distribution for its signature individually wrapped cakes and sweet baked goods. The asset consists of 59,757 square feet of industrial space located on three contiguous parcels of land spanning 369 acres. The property’s underlying M1 zoning allows industrial outside storage (IOS). Marko Dragovic, Isaac Little and Olivia Baffert of the Little Dragovic Team, Lee & Associates – North San Diego County represented the seller, while Ryan Turnquist and Matt Skogebo of Lee & Associates – Riverside represented the buyer in the deal. The buyer plans to hold the property as a long-term investment.

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Ensemble Investments Receives $110M Loan for 250-Room Hotel NIA in Menlo Park, California

Amy Works — Fri, 08 May 2026 13:50:09 +0000

MENLO PARK, CALIF. — Ensemble Investments has obtained $110 million in financing for the refinancing and fund closing costs for Hotel NIA, an operating, full-service hotel in Menlo Park. Madison Realty Capital, working with Newfound Holdings, originated the loan for the borrower. Offering 250 guest rooms, the hotel operates as part of Marriott’s Autograph Collection and is the only full-service hotel within the Menlo Gateway campus. Hotel NIA features 241 standard rooms, nine suites, three food-and-beverage outlets, a heated outdoor pool and jacuzzi, 24-hour fitness center and 301 valet parking spaces. Additionally, the hotel offers 15,345 square feet of indoor and outdoor meeting and event space, including the 4,968-square-foot Brilliance Ballroom. Ensemble plans to transition hotel operations in-house to Ensemble Hospitality, its affiliated management platform.

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