California

Investor Confidence in Inland Empire Retail Remains Strong

by John Nelson January 7, 2026

— By Bill Asher of Hanley Investment Group Real Estate Advisors — The Inland Empire continues to demonstrate its resilience as one of Southern California’s most dynamic retail investment markets. In the third quarter of 2025, transaction activity accelerated, pricing held firm and cap rates compressed, underscoring investor confidence in the region’s long-term fundamentals. Even with vacancy rising and rent growth moderating, investment trends point to a market adjusting as capital continues to favor necessity-based, internet-resistant formats. According to CoStar, 73 retail properties traded in third-quarter 2025 compared to 48 in the same quarter of 2024. Average cap rates declined from 7.2 percent to 6 percent year over year, signaling stronger pricing and heightened demand. Single-tenant net lease properties led the surge, with 46 transactions in third-quarter 2025 versus 28 a year earlier. Average cap rates tightened to 5.9 percent, down from 6.8 percent in third-quarter 2024. Multi-tenant retail also showed healthy demand, with 22 properties sold in third-quarter 2025 versus 20 in third-quarter 2024, and average cap rates compressed from 7.4 percent to 6.2 percent. This momentum reflects a convergence of factors that shaped the second half of 2025. Pent-up demand and impatient capital deployed equity as many sellers …

January 7, 2026

Acquisitions California Multifamily Seniors Housing Western

Sunny Hills Management Co. Buys 168-Unit Seniors Housing Property in Southern California

by Amy Works January 6, 2026

CARLSBAD, CALIF. — Sunny Hills Management Co. has acquired Laguna Estates Senior Living, a 168-unit seniors housing property located in Carlsbad, an affluent coastal city in southern California. The seller and sales price were not disclosed. Laguna Estates features a mix of assisted living and memory care units across four buildings. Amenities at the community include an activity room, salon, billiards room, fitness center, movie room, piano room, putting green and swimming pool. Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the sale on behalf of the seller.

January 6, 2026

Acquisitions California Multifamily Western

A.G. Spanos Sells Two Apartment Communities in Sacramento to Jackson Square Properties for $161.5M

by Amy Works January 5, 2026

SACRAMENTO, CALIF. — A.G. Spanos has completed the sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties for $161.5 million. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the transaction. A.G. Spanos developed the properties in 2024. Located at 3761 E. Commerce Way, Zeta Luxury Apartments features 270 studio, one- and two-bedroom apartments, a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, a movie lounge, demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Located at 7606 Klotz Ranch Court, Solasta Luxury Apartments offers 266 one-, two- and three-bedroom floor plans, a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs and an upscale resident lounge with gaming tables and a demonstration kitchen.

January 5, 2026

Acquisitions California Office Western

Newmark Arranges $89M Sale of Office Campus in Orange, California

by Amy Works January 5, 2026

ORANGE, CALIF. — Newmark has brokered the sale of Orange City Square, a repositioned Class A office campus in Orange. Granite Properties sold the asset to MGR Real Estate for $89 million. Kevin Shannon, Paul Jones, Ken White and Brandon White of Newmark represented the seller in the deal. Jonathan Firestone and Blake Thompson of Newark arranged $57 million in financing for the buyer. Situated on 14.1 acres at 750, 770, 790 and 840 The City Drive South, the three-building campus offers 383,558 square feet of office space and 8,966 square feet of retail space. The asset was built in 1988 and extensively renovated through 2025. Amenities include reimagined lobbies, a customer lounge with kitchen, a fitness center, two conference centers and an outdoor event space with TVs, WiFi and barbecue facilities. At the time of sale, the property was 84 percent leased.

January 5, 2026

California Loans Mixed-Use Office Restaurant Retail Western

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

by Amy Works December 23, 2025

NAPA, CALIF. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Mike Walker of CBRE’s Debt and Structured Finance team in San Francisco secured the five-year, nonrecourse floating-rate loan from an East Coast-based debt fund on behalf of NTC Shops LLC. Located at 1300 First St., the property features 162,000 square feet of retail, dining, tasting rooms and office space across six buildings. The asset is currently 90 percent leased to a variety of tenants, including Lululemon, Free People, Hestan and Silicon Valley Bank.

December 23, 2025

Acquisitions California Office Western

DivcoWest Buys 66,000 SF Office Building in Redwood City, California

by Amy Works December 23, 2025

REDWOOD CITY, CALIF. — DivcoWest, a DivCore Capital company, has acquired 1991 Broadway, a three-story, 66,000-square-foot office building in downtown Redwood City, from an owner-user in an off-market transaction. Simultaneous with the closing, DivcoWest executed a 45,000-square-foot long-term lease with Paul Hastings, a global law firm, that will serve as the anchor tenant for the building. As a result of the Paul Hastings lease, the building was 82 percent leased to three tenants at closing. Ham Southworth, Ken Rapp and Morgan Griffith of CBRE represented Paul Hastings in the lease negotiations. Ben Paul of Cushman & Wakefield represented DivcoWest.

December 23, 2025

Acquisitions California Multifamily Uncategorized Western

Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles

by Amy Works December 22, 2025

LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.

December 22, 2025

Affordable Housing California Loans Multifamily Western

MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments

by Amy Works December 22, 2025

SAN JOSE, ALAMEDA AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San Jose, Alameda and Watsonville that include a total of 362 affordable units. Valley Transportation Authority (VTA) Capitol Station in San Jose was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an all-electric residential building and a new transit plaza, complemented by multimodal improvements such as 2.3 miles of bike paths, upgraded walkways and new bus shelters. The project is slated for completion in 2029. The Stardust Gardens project in Alameda was awarded $44.5 million. This project includes 80 units that will be developed on public land and will include units for households that have experienced homelessness. Transportation enhancements include electric ferry charging infrastructure to enable zero-emission ferry service, bike and pedestrian safety improvements, traffic calming and new bikeways. A completion date was not available. Lastly, the state awarded $39 million to Watsonville Metro in Watsonville. This project involves redeveloping a downtown transit center into 79 affordable …

December 22, 2025

California Loans Multifamily Western

JLL Arranges $125M Refinancing for Apartment Complex in Glendale, California

by Amy Works December 19, 2025

GLENDALE, CALIF. — JLL Capital Markets has arranged a $125 million loan from Oaktree Capital Management for The Amidi Group’s TenTen Campus in Glendale. The loan enables The Amidi Group to retire existing construction debt on the eight-story, newly developed property. Residents began moving in February 2025. The property was 95 percent occupied at the time of the transaction’s closing. Spanning 220,018 square feet, the community’s 228 units are offered as studios, one- and two-bedroom apartments. Amenities include a resort-style pool and hot tub, a rooftop terrace with skyline views, fitness center with steam room and sauna, a business center and approximately 5,200 square feet of ground-floor retail space. Units feature floor-to-ceiling windows, stainless-steel appliances, in-unit washers and dryers, quartz countertops and personal balconies in select units.

December 19, 2025

California Leasing Activity Restaurant Retail Western

Perform Properties Signs Six New Tenants to One Colorado Shopping Center in Pasadena

by Amy Works December 19, 2025

PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

December 19, 2025

Newer Posts

Older Posts