Western

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California for $7.9M

by Amy Works January 8, 2026

PLACENTIA, CALIF. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest of SRS represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

January 8, 2026

Acquisitions California Retail Western

Progressive Real Estate Partners Brokers $6.1M Sale of Retail Center in Victorville, California

by Amy Works January 8, 2026

VICTORVILLE, CALIF. — Progressive Real Estate Partners has arranged the sale of Victorville Pavilion, a multi-tenant retail property at 14190 Bear Valley Road in Victorville. A private investor sold the asset to a San Diego-based private investor for $6.1 million. Built in 2004, Victorville Pavilion features 11,618 square feet of fully occupied retail space. Current tenants include T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate represented the seller, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer in the deal.

January 8, 2026

Acquisitions California Multifamily New Jersey Northeast Top Stories Washington Western

JRK Acquires Three-Property Multifamily Portfolio for $400M

by Hayden Spiess January 8, 2026

LOS ANGELES — Real estate investment firm JRK Property Holdings has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. Rachel Parsons, Derrek Ostrzyzek and Kenji Thomas of CBRE represented Equity Residential in the transaction. Ryan Greer, also with CBRE, arranged an undisclosed amount of acquisition financing for the deal on behalf of JRK. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to …

January 8, 2026

Arizona Loans Multifamily Western

PCCP Provides $84M Refinancing for 335-Unit Multifamily Property in Phoenix

by Amy Works January 7, 2026

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit multifamily community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. James Bach of CBRE arranged the financing. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

January 7, 2026

Acquisitions California Retail Western

Brixton Capital Sells Pacific Town Center Retail Property in Stockton, California for $27M

by Amy Works January 7, 2026

STOCKTON, CALIF. — Brixton Capital has completed the disposition of Pacific Town Center, a newly remodeled shopping center in Stockton. CJ Park & Associates acquired the property for $27 million. Sean Cox and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the seller, while the Los Angeles-based buyer was self-represented in the deal. Located at 616-760 W. Hammer Lane, Pacific Town Center offers 142,957 square feet of retail space that was built in 2003 and remodeled in 2025. Situated on 10 acres, the property’s tenant mix consists of 98 percent national and regional retailers, including Smart & Final Extra!, Chuze Fitness, Ross Dress for Less, Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental.

January 7, 2026

Acquisitions California Retail Western

Faris Lee Investments Arranges $21M Sale of Plaza Pacifica Retail Center in San Clemente, California

by Amy Works January 7, 2026

SAN CLEMENTE, CALIF. — Faris Lee Investments has directed the sale of Plaza Pacifica, a neighborhood retail center in San Clemente’s South Orange County trade area. A high-net-worth Orange County, Calif.-based family office acquired the asset for $21 million. Don MacLellan of Faris Lee represented the undisclosed seller. Plaza Pacifica is shadow anchored by Pavilions, Walmart, Lowe’s and the Hoag Medical Facility.

January 7, 2026

Acquisitions Multifamily Washington Western

HFO Investment Real Estate Brokers $8.6M Sale of Apartment Complex in Vancouver, Washington

by Amy Works January 7, 2026

VANCOUVER, WASH. — HFO Investment Real Estate has arranged the sale of Corporate Woods, a multifamily property in Vancouver. The asset traded for $8.6 million, or $183,191 per unit. HFO represented the seller and buyer in the transaction. Built in 2003, Corporate Woods features 47 apartments and was 95 percent occupied at the time of sale.

January 7, 2026

California Market Reports Restaurant Retail Western Western Market Reports

Investor Confidence in Inland Empire Retail Remains Strong

by John Nelson January 7, 2026

— By Bill Asher of Hanley Investment Group Real Estate Advisors — The Inland Empire continues to demonstrate its resilience as one of Southern California’s most dynamic retail investment markets. In the third quarter of 2025, transaction activity accelerated, pricing held firm and cap rates compressed, underscoring investor confidence in the region’s long-term fundamentals. Even with vacancy rising and rent growth moderating, investment trends point to a market adjusting as capital continues to favor necessity-based, internet-resistant formats. According to CoStar, 73 retail properties traded in third-quarter 2025 compared to 48 in the same quarter of 2024. Average cap rates declined from 7.2 percent to 6 percent year over year, signaling stronger pricing and heightened demand. Single-tenant net lease properties led the surge, with 46 transactions in third-quarter 2025 versus 28 a year earlier. Average cap rates tightened to 5.9 percent, down from 6.8 percent in third-quarter 2024. Multi-tenant retail also showed healthy demand, with 22 properties sold in third-quarter 2025 versus 20 in third-quarter 2024, and average cap rates compressed from 7.4 percent to 6.2 percent. This momentum reflects a convergence of factors that shaped the second half of 2025. Pent-up demand and impatient capital deployed equity as many sellers …

January 7, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

JLL Brokers Sale of 345-Unit Thunderbird Senior Living Community in Glendale, Arizona

by Amy Works January 6, 2026

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.

January 6, 2026

Acquisitions Development Industrial Utah Western

PGIM, Dakota Pacific to Develop 450,000 SF Spec Industrial Project in Salt Lake City

by Amy Works January 6, 2026

SALT LAKE CITY — PGIM and Dakota Pacific Real Estate have formed a joint venture to develop a six-building industrial project on two recently acquired land parcels near Bangerter Highway along California Avenue and 4400 West in Salt Lake City. Construction will immediately commence on the speculative development, totaling nearly 450,000 square feet, including dedicated yard space. The project is designed as modern small- and mid-bay industrial product with initial deliveries slated for early 2027. Big-D Construction is serving as general contractor and managing construction of the project. JPMorgan Chase Bank is financing the development. Kyle Roberts and Ben Richardson of Newmark represented the seller, while Newmark’s Lucas Burbank represented the joint venture in the land acquisition. Burbank and Kelsie Akiyama of Newmark are overseeing leasing efforts for the development.

January 6, 2026

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