Tuesday, September 2, 2025
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Seaside-Apts-Santa-Cruz-CA
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Brokers $45M Sale of Seaside Apartments in Santa Cruz, California

by Amy Works

SANTA CRUZ, CALIF. — Marcus & Millichap has arranged the sale of Seaside Apartments, an 84-unit affordable housing property in Santa Cruz. The asset traded for $45 million, or $535,714 per unit. Comprising five two-story residential buildings and one single-story office and amenities building, Seaside Apartments offers 16 one-bedroom units, 52 two-bedroom apartments and 16 three-bedroom townhome units. Community amenities include a children’s playground, barbecue and picnic area, laundry facilities and carports. Mitchell Zurich, Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap represented the seller and procured the buyer in the deal. The names of the seller and buyer were not released.

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16930-Valley-View-Ave-La-Mirada-CA
AcquisitionsCaliforniaIndustrialWestern

LD Valley View Holdings Acquires Industrial Asset in La Mirada, California for $32.4M

by Amy Works

LA MIRADA, CALIF. — LD Valley View Holdings has purchased an industrial asset in the Mid-Counties submarket of Los Angeles from an undisclosed seller for $32.4 million. Totaling 124,480 square feet, the asset has entitlements for a 143,627-square-foot, Class A industrial building. The property is situated on 7.2 acres at 16930 Valley View Ave. Tony Phu of Colliers represented the buyer, while Michael Kendall, Gian Bruno, Kenny Patricia and Kylie Jones of Colliers represented the seller in the deal. Chris Sheehan, Mike Foley, Jeff Smart, Liz Capati and Senna De La Cruz of Colliers provided local market advisory services.

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Beachmont-La-Habra-CA
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Brokers $15.6M Sale of Beachmont Multifamily Property in La Habra, California

by Amy Works

LA HABRA, CALIF. — Marcus & Millichap has arranged the $15.6 million sale of Beachmont, a beachfront apartment community in La Habra. The names of the buyer and seller were not released. Located in North Orange County, Beachmont offers 45 apartments, 82 percent of which are townhome style. Each unit features individual water heaters, washer/dryer hookups, private patios and two assigned parking spaces. Recent property upgrades include new windows and roofs in 2023, exterior painting in 2024 and asphalt reconditioning in 2019. W. Michael Cavner and Tyler Leeson of Marcus & Millichap’s Orange County office handled the transaction.

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Arioso-Cupertino-CA
AcquisitionsCaliforniaMultifamilyWestern

Pacific Urban Investors Purchases 201-Unit Arioso Multifamily Community in Silicon Valley

by Amy Works

CUPERTINO, CALIF. — Palo Alto, Calif.-based Pacific Urban Investors has purchased Arioso, an apartment property in the Silicon Valley city of Cupertino. Los Angeles-based CIM Group sold the community for an undisclosed price. Built in 1998, the three-story podium-style community offers 201 one- and two-bedroom floor plans, averaging 1,015 square feet. Community amenities include a leasing office, fitness center, business center, swimming pool and a spa. Arioso’s monthly rental rates range from $3,351 to $10,185, according to Apartments.com.

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21507-Hawthorne-Blvd-Torrance-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Ryan Cos., Cogir Open 158-Unit Seniors Housing Community in Torrance, California

by Amy Works

TORRANCE, CALIF. — Ryan Cos. and Cogir Senior Living have open Cogir of South Bay, a seniors housing property located at 21507 Hawthorne Blvd. in Torrance. Situated two miles from the beach, the four-story community offers 158 independent living and assisted living residences. Onsite amenities include multiple dining venues, a bistro, fitness center, theater, salon, art room and an outdoor amenity deck with a pool. Ryan Cos. served as builder for the project.

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Parkway-Plaza-La-Mesa-CA
CaliforniaLoansMultifamilyWestern

PSRS Arranges $6.5M Refinancing for Parkway Plaza Multifamily Property in La Mesa, California

by Amy Works

LA MESA, CALIF. — PSRS has arranged $6.5 million in permanent financing for Parkway Plaza, a multifamily property in La Mesa. Parkway Plaza offers 65 studio, one-, two- and three-bedroom apartments, a swimming pool, sun deck, laundry room and onsite property management. David Smyle and Daniel de Leon of PSRS secured the non-recourse, 30 percent loan-to-value refinancing with a seven-year term and 30-year amortization schedule for the undisclosed borrower through a bank execution.

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Ares-Mgmt-Portfolio-CA
CaliforniaIndustrialLoansWestern

Cushman & Wakefield Arranges $475M CMBS Financing for 4.8 MSF Industrial Portfolio for Ares Management

by Amy Works

LOS ANGELES — Cushman & Wakefield, on behalf of an Ares Management Real Estate fund, has arranged $485 million in financing backed by a 4.8 million-square-foot, 25-building industrial portfolio spanning 16 markets in 12 states. The floating-rate, CMBS single-borrower (SASB) financing was provided by a syndicate led by J.P. Morgan, with Morgan Stanley and Natixis Corporate & Investment Banking as joint bookrunners. Rob Rubano, Gideon Gil, Brian Share, Joe Lieske, Ernesto Sanchez and Lars Weston of Cushman & Wakefield Equity, Debt and Structured Finance led the financing. Managed by Ares Industrial Management, the portfolio is currently 97 percent leased to 58 tenants. The properties feature Class A and Class B, bulk warehouse and light industrial assets. The individual assets offer a variety of industrial features, including 30-foot average clear heights, ample dock doors and an average 5 percent of office space square footage across the portfolio. The portfolio includes two properties in the San Francisco Bay area totaling 518,300 square feet; three properties in Southern California totaling 344,700 square feet; five properties in Houston totaling 693,900 square feet; a 722,500-square-foot property in Reno, Nev.; and a 797,600-square-foot property in Atlanta. The remaining properties in the portfolio are spread across Salt …

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13201-Dahlia-St-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

Rexford Industrial Buys Fully Leased Industrial Building in Fontana, California for $70.1M

by Amy Works

FONTANA, CALIF. — Rexford Industrial has acquired an industrial property, located at 13201 Dahlia St. in Fontana, from an undisclosed seller for $70.1 million. Constructed in 1989, the cross-dock industrial facility features 30-foot clear heights, 59 dock-high door and four grade-level doors. At the time of sale, the 278,650-square-foot building was fully leased to a credit tenant. Mark Detmer, Patrick Nally, Evan Moran, Mike McCrary, Jeff Bellitti, Ruben Goodsell and Hunter McDonald of JLL handled the transaction.

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Danville-Livery-Danville-CA.jpg
CaliforniaLoansOfficeRetailWestern

PSRS Secures Refinancing for Two Adjacent Office and Retail Properties in Danville, California

by Amy Works

DANVILLE, CALIF. — PSRS has arranged $14 million and $4.5 million in refinancing for two adjacent properties at Danville Livery in Danville. The properties offer more than 123,000 square feet of retail and office space. The retail and service-oriented office space offers a mix of tenants, including eateries, home goods, salons, real estate offices and title services. James Mulvihill and Kevin Mulvihill of PSRS secured the undisclosed borrower with a separate loan for each property, both of which are underwritten with interest-only payments. The non-recourse loans were provided by correspondent life insurance companies.

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AcquisitionsCaliforniaRetailWestern

CenterCal Properties, Heitman Purchase 358,700 SF Streets of Brentwood Retail Center in Northern California

by Amy Works

BRENTWOOD, CALIF. — CenterCal Properties and Heitman, through a joint venture, have purchased The Streets of Brentwood, a shopping destination in Brentwood. Terms of the transaction were not released. The Streets of Brentwood offers 358,700 square feet of retail and mixed-use space that serves four major California regions — Bay area, Tri-Valley, Sacramento Delta and the Central Valley. The buyers plan to reimage and enhance the center’s offerings, including the addition of a community gathering space for seasonal events and more lifestyle brands and restaurants.

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