Thursday, November 13, 2025
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CaliforniaDevelopmentMultifamilySeniors HousingWestern

CCI to Develop Livelle Mulholland Seniors Housing Property in Woodland Hills, California

by Amy Works

WOODLAND HILLS, CALIF. — CCI is slated to break ground in second-quarter 2026 for the development of Livelle Mulholland, a seniors housing property in Woodland Hills. Located at the corner of Mulholland Drive and Valmar Road, Livelle Mulholland will feature more than 200 independent living apartments, seven villas, 16 assisted living apartments and 13 memory care units. Community amenities will include a wellness center with fitness and therapy pools, natural trails and outdoor game courts, underground and attached garage parking, a gourmet restaurant, wine bar/rooftop lounge, indoor and outdoor theaters and classrooms. LCS will manage the property, which is slated to open in the second half of 2028. Project partners include Perkins Eastman as architect, KPFF as engineer, Envicom as environmental and land planner, LRM as landscape architect, Carlberg Associates as horticulturist and Brenner Consulting Group as permit administrator.

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AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Negotiates $19.2M Sale of Retail Center in Elk Grove, California

by Amy Works

ELK GROVE, CALIF. — Hanley Investment Group Real Estate Advisors has directed the purchase of The Shops at Laguna Reserve, a fully leased, 33,308-square-foot retail center in Elk Grove. Los Angeles-based Bershon Realty Co. acquired the property from a Roseville, Calif.-based private investor for $19.2 million. Located at 10040-10064 Bruceville Road, The Shops at Laguna Reserve spans four parcels totaling 4.1 acres at the hard-corner, signalized intersection of Whitelock Parkway and Bruceville Road. The property’s six pad buildings were constructed in 2005, with the addition of Safeway in 2024. Current tenants include Starbucks Coffee, Pacific Dental, Bank of America, Round Table Pizza, a nail salon, dry cleaners, pet hospital, pet groomer and specialty food shops. Bill Asher and Jeremy McChesney of Hanley Investment Group represented the buyer, while Adam Rainey, Pat Ronan and Aman Bains of Gallelli Real Estate represented the seller in the deal. The sale included the fee-simple interest in the six buildings and underlying land. Safeway was not part of the transaction.

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AcquisitionsCaliforniaMultifamilySeniors HousingWestern

SLIB Brokers Sale of 132-Unit Seniors Housing Community in Brentwood, California

by Amy Works

BRENTWOOD, CALIF. — Senior Living Investment Brokerage (SLIB) has brokered the sale of Westmont of Brentwood, a 132-unit community in Northern California. Built in 2007 and situated on 4.5 acres approximately 45 miles east of Oakland, Calif., the property offers independent living, assisted living and memory care services. The sales price was not disclosed. The buyer, an unnamed private equity group with a background in seniors housing, is partnering with an established West Coast operator that is expanding its presence in California. With the sale of Westmont of Brentwood, the unnamed seller has exited the space. Brad Goodsell, Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB handled the transaction. 

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AcquisitionsCaliforniaRetailWestern

Newmark Pacific Negotiates $45.5M Sale of Conejo Valley Plaza Shopping Center in Metro Los Angeles

by Amy Works

THOUSAND OAKS, CALIF. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark Pacific represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.

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Chula Vista Storage will feature 123,582 square feet of self-storage space.
CaliforniaDevelopmentIndustrialLoansProperty TypeSelf-StorageWestern

UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2026, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature an onsite office, security, a 24-hour surveillance system, controlled access, climate-controlled units and boat/RV storage. The property is located on 9.3 acres near the intersection of South Bay Expressway and Eastlake Drive, approximately 12 miles southeast of downtown San Diego. A REIT third-party management platform will operate and manage the property.

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Renaissance Village totals 142 assisted living and memory care units in Murietta, California.
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

SLIB Brokers Sale of 142-Unit Assisted Living, Memory Care Community in Southern California

by Amy Works

MURIETTA, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renaissance Village Murietta, an assisted living and memory care community located in Murietta. Built in 2016 and 2018, the property totals 142 units. Renaissance Village Murietta was the only seniors housing asset owned by the undisclosed seller, which is exiting the sector. A REIT was the buyer. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB brokered the transaction. 

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CaliforniaDevelopmentMultifamilyWestern

Cityview to Develop 489-Unit Multifamily Community in Los Angeles

by Amy Works

LOS ANGELES — Cityview is developing 6136 Manchester, an apartment project located at 6136 W. Manchester Ave. in Los Angeles. The project is fully entitled and Cityview recently closed on the land for the project. The company plans to break ground on the development in 2026, with completion scheduled for late 2028. Located in Los Angeles’ Westchester neighborhood, 6136 Manchester will feature 489 studio, one- and two-bedroom apartments, 549 parking spaces and 16,120 square feet of ground-level retail space. Sixty-four of the units will be designated for households earning no more than 50 percent of the area median income. Community amenities will include a resort-style pool and spa, a garden courtyard, fitness studio, club room, CV Works coworking space, several rooftop lounges and a pet park and spa. The project will also include a new public plaza at the corner of 87th Street and Truxton Avenue that will provide an indoor-outdoor gathering space for residents and the community. Project partners include AC Martin, Nadia Geller Designs and MJS Landscape Architecture.

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CaliforniaHospitalityLoansWestern

Sonnenblick-Eichner Arranges $50M in Leasehold Financing for Hotel Valencia Santana Row in San Jose

by Amy Works

SAN JOSE, CALIF. — Sonnenblick-Eichner Co. has arranged $50 million in first mortgage leasehold financing for Valencia Hotel Collection to refinance its Hotel Valencia Santana Row in San Jose. The nonrecourse, fixed-rate loan features interest-only payments for the five-year term and is priced at less than 7 percent. An international money center commercial bank provided the loan. Hotel Valencia Santana Row features 216 guest rooms, 11,188 square feet of indoor/outdoor meeting and event space, a fitness center, rooftop pool and hot tub and an open-air interior courtyard.

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AcquisitionsCaliforniaOfficeWestern

Barings Sells Two-Building Office, R&D Campus in San Jose, California

by Amy Works

SAN JOSE, CALIF. — Barings has completed the sale of The Orchards, a Class A office and research and development campus at 3000 and 3030 Orchard Parkway in San Jose. Rosendin Electric acquired the asset for an undisclosed price in an off-market transaction. Joe Kelly, Jon Mackey, Steve Golubchik and Edmund Najera of Newmark represented the seller, while Mike Rosendin of Colliers represented the buyer in the deal. The two-story building at 3000 Orchard Parkway features high clear-height spaces and prominent signage, while the three-story building at 3030 Orchard Parkway is equipped for high-density operations with fitness centers, training rooms and collaborative workspaces.

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11119-Juniper-Ave-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

JLL Arranges Sale of 436,424 SF Distribution Center in Fontana, California

by Amy Works

FONTANA, CALIF. — JLL Capital Markets, on behalf of of REDA and a commingled fund managed by Clarion Partners, has arranged the sale of 11119 Juniper Avenue, a Class A distribution facility in Fontana. Terms of the transaction were not released. Cencora (formerly AmerisourceBergen Drug Corp.) leases the 436,424-square-foot Class A center on a long-term basis. Patrick Nally, Makenna Peter and Evan Moran of JLL represented the seller in the deal. Cody Clayton and Patrick Wood of JLL handled leasing of the asset. Bruce Ganong, Peter Thompson and Taylor Gimian of JLL secured acquisition financing for the undisclosed buyer.

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