California

New York Life Real Estate Investors Sells 107,028 SF Office Campus in Irvine, California

by Amy Works January 15, 2026

IRVINE, CALIF. — New York Life Real Estate Investors has completed the sale of Centerstone Plaza, a suburban office campus in Irvine, to LCBC Development for $32 million. Located on 6.8 acres at 4000, 4010 and 4040 Barranca Parkway, the 107,028-square-foot Centerstone Plaza features two onsite restaurants and is surrounded by three retail centers offering more than 30 restaurants, three grocery stores, three gyms and an in-line shops. Additionally, Centerstone Plaza is proximate to the San Diego Freeway and the John Wayne Airport. Michael Leggett, Will Poulsen and Tim Donald of JLL represented the seller and procured the buyer in the deal.

January 15, 2026

Acquisitions California Retail Western

MetLife Sells Chino Spectrum Towne Center in California to Brixmor Property Group for $138M

by Amy Works January 14, 2026

CHINO, CALIF. — MetLife Investment Management, the institutional asset management business of MetLife Inc., has completed the disposition of Chino Spectrum Towne Center, a power center in Chino. Brixmor Property Group, a New York-based public REIT, purchased the asset for $138 million. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani and Shaya Northrup of CBRE’s National Retail Partners – West represented the seller in the deal. Located at 3801-4097 Grand Ave., Chino Spectrum Towne Center features 461,269 square feet of retail space that was 95 percent leased at the time of sale. Current tenants include H Mart, Kohl’s, Five Below, Best Buy and Nordstrom Rack, as well as regional and local retailers, service providers and restaurants. The property is also shadow anchored by Walmart Supercenter and Sam’s Club.

January 14, 2026

Affordable Housing California Development Multifamily Western

Meta Housing, R.D. Olson Break Ground on 207-Unit Affordable Housing Complex in Los Angeles

by Amy Works January 13, 2026

LOS ANGELES — Meta Housing Corp. and R.D. Olson Construction, as general contractor, have broken ground on De Soto, a $62 million affordable housing property located at 6033 De Soto Ave. in the Woodland Hills neighborhood of Los Angeles. De Soto is a ground-up construction project that will feature a seven-story building constructed in one phase over the span of 24 months. Slated for completion in early 2028, the 271,568-square-foot property will feature 207 one-, two- and three-bedroom apartments across five stories of residential space above a double concrete podium holding two levels of parking. The apartments will be designated for families and residents earning between 30 percent to 70 percent of the area median income. Community amenities will include a community room with computer workstations, outdoor gathering spaces, a children’s play area and elevated courtyards designed to foster community connection. De Soto will be funded through California Municipal Finance Authority Multifamily Housing Revenue Bonds along with federal low-income housing tax credits. Project partners include AC Martin as executive and design architect, Mark Beall and Associates as landscape architect, KE Engineering Corp. as civil engineer, TAD Engineering as mechanical engineer and EB Structural Engineers as structural engineer.

January 13, 2026

Acquisitions California Office Western

Hankey Investment, Barker Pacific Buy Sunset Media Center in Los Angeles for $61M

by Amy Works January 13, 2026

LOS ANGELES — Joint venture partners Hankey Investment Co. and Barker Pacific Group have acquired Sunset Media Center, a 22-story creative office tower in Hollywood’s Media Row, from Kilroy Realty for $61 million. Located at 6255 W. Sunset Blvd., Sunset Media Center features 325,995 square feet of Class A office space with unobstructed view corridors and average floor plates of 18,500 square feet. At the time of sale, the property was 51 percent occupied. Current tenants include Media Res, Magical Elves, The Hollywood Chamber of Commerce, Slickdeals, OpenTable and the AIDS Healthcare Foundation. Built in 1974, Sunset Media Center underwent an extensive multi-million-dollar renovation in 2014 by architect Gensler and features an updated lobby space, onsite visitor parking, redefined common areas, a sun-drenched outdoor plaza with neighborhood retail hot spot and access to major entertainment studios and media professionals. The new ownership has retained JLL’s Dana Vargas and Peter Hajimihalis to handle leasing efforts for the property. Michael Kathrein, Adam Edwards, Sam Baughman and Blake Stamato of Eastdil Secured represented the seller in the deal.

January 13, 2026

California Market Reports Multifamily Western Western Market Reports

Inland Empire Multifamily Fundamentals Remain Strong Despite Rates

by John Nelson January 13, 2026

— By Cray Carlson of CBRE — The Inland Empire multifamily market remains one of the premier markets to invest in across Southern California, benefiting from ample land availability and less restrictive regulations than many neighboring markets. Still, like many markets, there was a disconnect between buyers and sellers in 2024 and 2025 due to interest rates. It remains psychologically difficult for investors to sell a property with an existing 3.5 percent interest rate and complete a 1031 exchange into an asset carrying a 6 percent rate. That spread creates a meaningful mental hurdle, and has prevented many owners from disposing of their properties. That hesitation, however, has not erased opportunity. There are still great opportunities in the market, even with a 6 percent interest rate. The economic fundamentals remain strong, and cap rates have increased even amid higher interest rates. Cap rates have climbed since last year, and there are still great returns to be had. While many investors continue to struggle with the reality of higher borrowing costs, escalated interest rates are not going anywhere in the near term. In 2024, the Inland Empire recorded 74 multifamily transactions of eight units or more. As of the beginning of …

January 13, 2026

Acquisitions California Multifamily Western

Matthews Brokers $16.1M Sale of Apartment Property in Huntington Beach, California

by Amy Works January 12, 2026

HUNTINGTON BEACH, CALIF. — Matthews Real Estate Investment Services has directed the purchase of Mora Kai Apartment Homes, a multifamily property located at 18881 Mora Kai Lane in Huntington Beach. A local private value-add investor acquired the asset from an undisclosed seller for $16.1 million in an off-market transaction. Situated on 2.7 acres, Mora Kai Apartments features 12 residential buildings offering a total of 42 two- and three-bedroom townhome-style apartments. According to Matthews, the property offers more than 60 percent rental upside potential through interior renovations and rental repositioning, as in-place rents are currently well below market. The buyer plans to implement a strategic capital program to increase rents, stabilize operations and refinance into long-term debt. Kyle Mirrafati of Matthews represented the buyer in the transaction. Matthews Capital Markets secured nonrecourse, 24-month bridge financing at an 80 percent loan-to-cost ratio for the buyer.

January 12, 2026

Acquisitions California Industrial Office Western

IHC State Sells 256,722 SF Flex Industrial Building in Ontario, California for $57.1M

by Amy Works January 9, 2026

ONTARIO, CALIF. — Rancho Cucamonga, Calif.-based IHC State LLC has completed the disposition of a fully occupied industrial and office building in Ontario. Santa Fe Springs, Calif.-based Orden Co. acquired the asset for $57.1 million. Located at 875 W. State St., the cross-dock facility offers 257,722 square feet of space, a 40-foot minimum clear height, 51 dock-high doors, two GL doors and 2,000 amps of power. Eric Fikse and Eric Burney of DAUM Commercial represented the seller, while Fikse procured the buyer in the deal.

January 9, 2026

Acquisitions California Loans Multifamily Seniors Housing Western

BMO Healthcare Real Estate Provides Acquisition Financing for 156-Unit Seniors Housing Property in California

by Amy Works January 9, 2026

ALISO VIEJO, CALIF. — BMO Healthcare Real Estate has provided financing for the acquisition of Belmont Village Aliso Viejo in southern California’s Aliso Viejo. Harrison Street Asset Management was the borrower. Opened in 2019, the community totals 156 assisted living and memory care units. Belmont Senior Living developed and operates the property. Harrison Street currently has more than $108 billion in assets under management.

January 9, 2026

Acquisitions California Retail Western

Palomar Fitness Partners Buys 50,000 SF Retail Property in San Francisco

by Amy Works January 9, 2026

SAN FRANCISCO — Los Angeles-based Palomar Fitness Partners has acquired a retail building located at 1515 Sloat Blvd. in San Francisco. Lucky California Supermarket occupied the 50,000-square-foot property on a long-term lease. The buyer purchased the asset as part of a 1031 tax-deferred exchange. Additional terms of the transaction were not released. Patrick Wade and Alexander Kozakov of CBRE represented the undisclosed seller in the deal.

January 9, 2026

Acquisitions California Healthcare Office Western

CBRE Negotiates Sale of 72,000 SF Medical Office Building in Escondido, California for $36.4M

by Amy Works January 8, 2026

ESCONDIDO, CALIF. — CBRE has brokered the sale of Valley Parkway Health Center, a medical office building located at 488 E. Valley Parkway in Escondido. Neighborhood Healthcare acquired the asset for $36.4 million. Lars Eisenhauer and Dan Henry of CBRE represented the undisclosed seller, while Chris Ross and Ben Schiesl of JLL represented the buyer in the deal. The four-story, 72,000-square-foot multi-tenant facility includes an ambulatory surgery center, endoscopy center, onsite pharmacy and cardiology lab services.

January 8, 2026

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