Tuesday, November 11, 2025
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Natomas-Corporate-Center-Sacramento-CA
AcquisitionsCaliforniaOfficeWestern

Bannon Investments Sells Natomas Corporate Center in Sacramento for $44.5M

by Amy Works

SACRAMENTO — Bannon Investments Ltd. has completed the disposition of Natomas Corporate Center, an office property at 2020 W. El Camino Ave. and 2555 Natomas Park Drive in Sacramento. Chavez Management Group acquired the asset for $44.5 million. Situated on 21 acres, the property offers 419,000 square feet of office space spread across two buildings. Build in 2009, the 12-story, 319,325-square-foot building at 2020 W. El Camino Ave. is fully occupied by six tenants, including Department of Housing & Community Development, Lewis Brisbois Bisgaard & Smith LLP and the Department of Health Care Access and Information. The three-story, 86,872-square-foot building at 2555 Natomas Park Drive was built in 2020. Matt Havelock and Max Kelly of Avison Young represented the seller, while Michael J. Anthony of MJA Realty Investments represented the buyer in the transaction.

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CaliforniaLoansMultifamilyWestern

Northmarq Arranges $50.7M Loan for 10-Property Multifamily Portfolio Near Los Angeles

by Amy Works

LOS ANGELES — Northmarq has secured $50.7 million in refinancing for a 10-property apartment portfolio in the Los Angeles/Hollywood areas. Panot Capital manages the buildings, which were built in the 1920s and offer a total of 482 units. Zalmi Klyne of Northmarq’s Los Angeles debt and equity team arranged the financing, which was structured with a seven-year term and four years of interest-only payments at a rate of 5.9 percent. The lender was Israel Discount Bank of New York.

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325-331-Marine-Ave-Newport-Beach-CA
AcquisitionsCaliforniaMixed-UseMultifamilyRetailWestern

Faris Lee Investments, SSG Realty Corp. Broker $4.4M Sale of Mixed-Use Property in Newport Beach, California

by Amy Works

NEWPORT BEACH, CALIF. — Faris Lee Investments and SSG Realty Corp. have arranged the sale of 325-331 Marine Avenue, a mixed-use property on Newport Beach’s Balboa Island. The asset traded for $4.4 million, equating to $1,193 per square foot for the building and $842 per square foot for the land. Jeff Conover, Shaun Riley, Scott DeYoung and Greg Lukosky of Faris Lee Investments, along with Greg Swedelson and Jon-Eric Greene with SSG Realty Corp., represented the undisclosed buyer and seller in the transaction. Situated on two separate parcels, the property offers storefront retail with two second-floor residential units. The asset is currently home to two street-level retail shops and two residential tenants.

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Main-Street-Village-Corona-CA
AcquisitionsCaliforniaRetailWestern

Pacific Petroleum Buys Main Street Village Retail Center in Corona, California for $7.8M

by Amy Works

CORONA, CALIF. — Pacific Petroleum Inc. has acquired Main Street Village, a retail center in Corona, from LJZ Corona LLC for $7.8 million. Located at 135, 175 and 265 E. Ontario Ave. in the Inland Empire, Main Street Village features 20,000 square feet of retail space. Alan Krueger and Vanessa Haddad of CBRE represented the all-cash buyer and the seller in the deal.

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CaliforniaDevelopmentMultifamilyRetailWestern

CIM Group Opens 69-Unit The Jayne Apartment Building in Los Angeles’ West Adams Neighborhood

by Amy Works

LOS ANGELES — CIM Group has opened The Jayne, a six-story multifamily building at 2555 S. Mansfield Ave. in Los Angeles’ West Adams neighborhood. The Jayne offers 69 apartments, with six units designated as affordable, and 5,453 square feet of ground-floor retail space. The building features studio and one-bedroom floorplans with in-unit laundry and contemporary design elements. Community amenities include outdoor gathering spaces, including a second-floor deck with seating and a sixth-floor deck with barbecue grills, lounge chairs and high-top tables and chairs. Other amenities include a fitness center, bike racks, storage and Amazon lockers.

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Saluhall-San-Fran-CA
CaliforniaDevelopmentRestaurantRetailWestern

Ingka Centres Opens 23,000 SF Vegan-Focused Food Hall at San Francisco Meeting Place

by Amy Works

SAN FRANCISCO — Ingka Centres has opened Saluhall, a food hall at San Francisco Meeting Place largely focused on plant-based vendors. Totaling 23,000 square feet, the food hall offers a capacity for 450 seats, bars and five independent food vendors. It will operate seven days a week. Designed by Stiff + Trevillion, the two-story Saluhall features Smörgåsland, an in-house bakery restaurant; Cooking Skola, which offers cooking lessons and demonstrations; La Venganza; Casa Borinqueña; Curry Up Now; Momo Noodle; and Kayma. The majority of restaurants and eateries offer plant-based menus. KERB will operate Saluhall, which means food hall in Swedish. Ingka Centres acquired 945 Market Street in September 2020 and transformed the mall into a destination anchored by a new-format IKEA, which opened in August 2023. The gross leasable area of the meeting place is approximately 256,000 square feet, with Saluhall complemented by Ingka Centres’ Hej! Workshop with Industrious, a flexible working concept. Ingka Centres is part of the same parent company, Ingka Group, as IKEA.

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1111-Sixth-Ave-San-Diego-CA
AcquisitionsCaliforniaMixed-UseOfficeWestern

Coworking Company Sells 70,602 SF Mixed-Use Building in San Diego for $7.8M

by Amy Works

SAN DIEGO — Marcus & Millichap has arranged the sale of The Arte Building, a mixed-use property in San Diego. Salwan Komo acquired the property from 1111 6th Ave LLC for $7.8 million. The seller operated its coworking business, Expansive, at the 70,602-square-foot building. At the time of sale, Expansive leased back approximately 35,000 square feet, resulting in the property being 80 percent occupied. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego downtown office represented the seller and procured the buyer in the transaction. Located at 1111 Sixth Ave., The Arte Building was built in 1913 and extensively renovated in 2017. Amenities at the property include subterranean parking, a rooftop lounge, indoor lounge areas, conference rooms, phone booths and a game room.

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51-Majestic-Ct-Moorpark-CA
AcquisitionsCaliforniaMultifamilyWestern

Decron Sells 376-Unit Ranch at Moorpark in California to AEW Capital for $133.2M

by Amy Works

MOORPARK, CALIF. — Decron Properties has completed the disposition of Ranch at Moorpark, an apartment community in Moorpark, approximately 50 miles west of Los Angeles. AEW Capital Management purchased the asset for $133.2 million. Located at 51 Majestic Court, Ranch at Moorpark features 376 apartments, a rental office, fitness center, yoga/spin studio, resident clubhouse with chef’s kitchen, children’s play area, dog park, pool, poolside barbecue and dining areas, fire pits and seating areas.

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Belle-on-Bev-2024-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

Cityview Completes 243-Unit Belle on Bev Multifamily Project in Los Angeles’ Historic Filipinotown

by Amy Works

LOS ANGELES — Cityview has completed Belle on Bev, a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Belle on Bev, originally announced in early 2023, features a mix of studio, one- and two-bedroom floorplans with Latch smart home systems including keyless entry and smart thermostats, luxury vinyl flooring, turnkey Wi-Fi and in-unit washers/dryers. The property also features 3,500 square feet of commercial space and 21 affordable housing units. Community amenities include a club room, pool courtyard and spa terrace and community garden courtyard. Cityview partnered with AC Martin, WPIC Construction and Nadia Geller Designs on the project.

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M1byCLG-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

California Landmark Group Delivers 100-Unit Apartment Complex in Los Angeles

by Amy Works

LOS ANGELES — California Landmark Group has completed M1byCLG, a multifamily development in Los Angeles’ Silver Lake submarket. Located at 1221 Myra Ave., the property features 100 apartments that are 60 percent leased. The unit mix includes junior and traditional one-, two- and three-bedroom floor plans along with several co-living suites. Each apartment features floor-to-ceiling windows, stone countertops, stainless steel appliances, in-unit washers/dryers, walk-in showers and private patios. Common area amenities include a fitness center, co-working space, and a rooftop deck with pool, spa, barbecues and unobstructed views of the Hollywood Hills. The six-story structure is built over a subterranean garage with parking and a lobby. PK Architecture provided design services for the development.

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