Friday, April 10, 2026
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CaliforniaLoansOfficeWestern

Parallel Capital Partners Receives $48.5M to Refinance Office Complex in Seal Beach

by Nellie Day

SEAL BEACH, CALIF. — Parallel Capital Partners has received $48.5 million to refinance The Ranch at Seal Beach, a 297,410-square-foot office complex. The complex is located at 3001-3005, 3010, 3020 and 3030 Old Ranch Parkway in Seal Beach. The Ranch at Seal Beach is 93 percent leased to tenants like Leidos, Olson Urban Housing and Merrill Lynch. KPMG, UBS and Keller Williams recently signed new leases at the complex, while Wells Fargo renewed its lease and Finance of America Mortgage expanded its space. Parallel purchased the property in 2013 for $85 million. The complex, formerly known as Bixby Office Park, underwent a rebranding and $1.5 million repositioning. Pacific Western Bank secured the refinancing. JLL’s George Thomson and James Estrada represented Parallel in the lease transactions.

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ArizonaMultifamilyWestern

Pacific Real Estate Partners Buys Maya Linda Apartments in Phoenix for $21M

by Nellie Day

PHOENIX — Pacific Real Estate Partners has purchased the 360-unit Maya Linda apartment complex in Phoenix for $21 million. The community is located at 8222 N. 19th Ave. Maya Linda was built in 1981. It is situated near I-17, Loop 101 and SR-51. Jim Crews and Brett Polachek of Cushman & Wakefield Phoenix represented the owner, MG Properties, in this transaction.

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CaliforniaMultifamilyStudent HousingWestern

EdR Completes $45M Restoration of Bowles Hall at University of California, Berkeley

by Nellie Day

BERKELEY, CALIF. — EdR has completed the $45 million renovation and modernization of Bowles Hall at the University of California, Berkeley. The residence hall features renovated residential suites, each with an attached bathroom; in-house dining facilities; library; individual and dedicated study and seminar rooms; main lounge; game room; and in-residence faculty and graduate student advisors.

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CaliforniaRetailWestern

Lee & Associates Arranges $4.7M Sale of Grovemont Square in Santa Ana

by Nellie Day

SANTA ANA, CALIF. — Lee & Associates has arranged the $4.7 million sale of Grovemont Square, a 29,030-square-foot shopping center located in Santa Ana. Jon Selznick and Brant Dorman of Lee & Associates represented the seller, an undisclosed private investor based out of Encino. Selznick and Dorman also represented the buyer, an undisclosed private investor out of Commerce. The property was 85 percent occupied at the time of sale.

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CaliforniaMultifamilySeniors HousingWestern

Kisco Starts $4M Renovation of Seniors Housing Community Near San Francisco

by Nellie Day

LOS ALTOS, CALIF. — Kisco Senior Living has started the $4 million renovation of BridgePoint at Los Altos, a seniors housing community in the San Francisco suburb of Los Altos. Renovations include a new covered entry, large gathering space, new bistro café and courtyard, along with a refreshed lobby, living room and library. Kisco will also improve the interior corridors and exterior landscaping and parking areas. Kisco acquired BridgePoint in 2001. The California-based owner-operator has eight locations in California, plus 14 other locations in seven states.

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ColoradoRetailWestern

dd’s DISCOUNTS Opens First Store in Colorado

by Nellie Day

GREELEY, COLO. — dd’s DISCOUNTS, a division of Ross Stores Inc., has opened its first store in Colorado. The 20,000-square-foot store is located in the University Square Plaza in Greeley, north of Denver. This new location is part of the company’s 2016 expansion plan to add approximately 20 dd’s DISCOUNTS locations nationally throughout the year. With this opening, dd’s DISCOUNTS now operates 193 locations in 15 states. Ross Stores is headquartered in Dublin, Calif.

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CaliforniaRetailTop StoriesWestern

European Investor Buys Iconic Tiffany Building in San Francisco for $135M

by Nellie Day

SAN FRANCISCO — A European investor has purchased the iconic Tiffany & Co. building in San Francisco. The 11-story property is located at 360 Post St. on Union Square. The San Francisco Business Times reported the purchase price at approximately $135 million, or $1,400 per square foot. The 96,882-square-foot building features luxury retail and office space, including 75 feet of prime retail frontage on Post Street. The sellers, Greenstone Realty Advisors LLC and 360 Post LP, acquired the building in 1995 for $22 million. The property has served as one of Tiffany’s flagship locations for nearly 20 years, as well as the U.S. headquarters for Chinese airline Cathay Pacific. The space is situated near the Powell Street BART/MUNI station. The Powell Street cable car and Central Subway line, scheduled for completion in 2019, are also within walking distance. Kazuko Morgan and Seth Siegel of Cushman & Wakefield represented the sellers in the deal. — Nellie Day

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CaliforniaLoansMultifamilyWestern

Vista Investment Group Receives $30.8M to Acquire Woodlake Manor Apartment Complex in Baldwin Hills

by Nellie Day

BALDWIN HILLS, CALIF. — Vista Investment Group has received $30.8 million to finance the acquisition of the 276-unit Woodlake Manor apartment building. The community is located at 4555 W. Martin Luther King, Jr. Blvd. in Baldwin Hills. It was built in 1964. The transaction also included a land parcel currently occupied by two radio towers. A commercial bank provided the capital for the seven-year, fixed-rate loan. HFF’s Marc Schillinger arranged the loan.

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CaliforniaOfficeWestern

Lowe Enterprises Acquires Office Building in Walnut Creek

by Nellie Day

WALNUT CREEK, CALIF. — Lowe Enterprises Investors (LEI) has purchased a 105,495-square-foot office building in Walnut Creek for an undisclosed sum. The Class A building is located at 500 Ygnacio Valley Road. It is situated two blocks east of the downtown Walnut Creek BART station and less than a half mile from the Interstate 680/Highway 24 interchange regional transportation corridor. Manatt and Eisner Jaffe represented LEI. The seller was Pacific Eagle (US) Real Estate Fund.

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