Tuesday, February 3, 2026
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Silva-Apts-Los-Angeles-CA
CaliforniaLoansMultifamilyWestern

Berkadia Secures Acquisition Financing for 221-Unit Silva Apartments in Los Angeles

by Amy Works

LOS ANGELES — Berkadia has secured acquisition financing on behalf of a joint venture between California-based Cityview and New York-based Wafra for the purchase of Silva, a mid-rise multifamily community in Los Angeles. Allan Freedman, Ben Harris, Charlie Haggard, Kevin Mignogna and Michael Beach of Berkadia arranged the floating-rate loan through 3650 REIT. Patrick McGlohn and Brian Gould of Berkadia also assisted with the financing. The loan facilitated the acquisition of Silva at the receipt of Temporary Certificate of Occupancy (TCO). Cityview and Wafra began lease-up of the community following closing. Located at 235 N. Hoover St. on the city’s northwest side, Silva features 221 apartments with floor-to-ceiling windows, condo-quality finishes and an average unit size of 1,000 square feet.

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CaliforniaDevelopmentHospitalityWestern

LEGOLAND, McCarthy Top Off 372,000 SF Parking Structure in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — LEGOLAND California Resorts, with McCarthy Buildings Cos. as design-builder, is developing a 372,000-square-foot parking structure at LEGOLAND California Resort in Carlsbad. The team has topped out the four-story project, which is slated for completion in late 2025. The $20 million project will feature 1,130 stalls, including 57 electric-vehicle (EV) ready stalls with the option to add an additional 56 EV stalls. McCarthy’s design-build services for the project include preconstruction, marketing, scheduling, VDC, McCarthy Mapping, Castle Contracting, self-perform concrete and yard site services.  

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LandingHotel-Ketchikan-AK
AcquisitionsAlaskaHospitalityRestaurantRetailWestern

Crystal Investment Property Brokers Sale of 107-Key Landing Hotel in Ketchikan, Alaska

by Amy Works

KETCHIKAN, ALASKA — Crystal Investment Property (CIP), a member of Hotel Brokers International, has arranged the sale of The Landing Hotel, Restaurant & Pub in Ketchikan. CIP’s Joseph Kennedy, along with Mary Wanzer, a licensed Alaska broker, represented the undisclosed seller in the deal. The name of the buyer and acquisition price were not released. Located at 3434 Tongass Ave., The Landing Hotel, Restaurant & Pub is a 107-key, independent mid-scale hotel. The full-service property offers flexible meeting and events space, event planning and catering for onsite and offsite events, a lounge area, fireplace, business center, fitness center and courtesy shuttle service. Additionally, the hotel is home to two dining options: The Landing Restaurant and Portside Pub & Grill (formerly Jeremiah’s Pub).

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AcquisitionsArizonaRetailWestern

Cushman & Wakefield | PICOR Arranges $1.2M Sale of Retail Space in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of a retail space at 151 W. Orange Grove Road in Tucson. MH Holding Group LLC, dba Learn & Play Daycare Preschool, acquired the asset from Foothills Business Ventures for $1.2 million. Rob Tomlinson of Cushman & Wakefield | PICOR represented the seller, while Cory Lamb and Robert Lamb of Long Realty Co. represented the buyer in the deal.

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CaliforniaMarket ReportsMultifamilyWesternWestern Market Reports

San Francisco Multifamily Market Stagnates Amid High Rates

by Jeff Shaw

— By Dustin Dolby, executive vice president, Colliers — During the second quarter of 2024, the San Francisco multifamily market endured high interest rates and delayed cuts. Between June and December of 2023, expectations of the Federal Reserve cutting rates spurred an increase in transactional activity following an apparent lull in the first quarter of 2023 as interest rates remained elevated. This two-peat of complacent transactions can be attributed to the looming decision concerning interest rate trajectories and its projections. Upon reaching the second quarter of 2024, we have yet to see any such cuts applied. This — along with the Federal Reserve’s consistent reluctance to cut — has resulted in a plateau of transactional volume within the San Francisco multifamily market. Development within the San Francisco submarket has faced similar stagnation. However, this can be attributed to a lengthy “shot clock” that new developments face regarding the city approval process. Because of this, projects that focus on a large percentage of affordable units have been streamlined and comprise the bulk of new developments in the market. If the Federal Reserve lowers interest rates by the end of the third or fourth quarter of this year — as anticipated in its …

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Varsity-Apts-Berkeley-CA
AcquisitionsCaliforniaMultifamilyStudent HousingWestern

Barings Sells 263-Bed Varsity Berkeley Student Housing Community in California

by Amy Works

BERKELEY, CALIF. — Barings has divested of Varsity Berkeley, a purpose-built student housing property in Berkeley. Hawkins Way Capital acquired the asset for an undisclosed price. Within walking distance of the University of California, Berkeley campus, Varsity Berkeley offers 79 units totaling 263 beds in a mix of furnished and unfurnished studio, two- and three-bedroom floor plans with fully equipped kitchens and bathrooms that include washers and dryers. Community amenities include a rooftop terrace and sun deck, a recently renovated resident lounge, ground-floor courtyard with firepit and electric car charge. Peter Katz and Salvatore Saglimbeni of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Tony Solomon served as Marcus & Millichap’s broker of record in California.

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AcquisitionsMultifamilyWashingtonWestern

Security Properties Divests of Sylva on Main Multifamily Asset in Bellevue, Washington for $30M

by Amy Works

BELLEVUE, WASH. — Seattle-based Security Properties has completed the sale of Sylva on Main, a midrise apartment community in Bellevue, to Rise Properties Trust for $30 million, or $405,405 per unit.  Built in 2011, Sylva on Main offers 74 apartments and two retail suites. The property is located at 10701 Main St. Ben Johnson, David Sorensen, Kenny Dudunakis, George Pallis and Peter Dudunakis of Berkadia’s Seattle office represented the seller in the deal.

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6325-6355-Topanga-Canyon-Blvd-Woodland-Hills-CA
CaliforniaLoansOfficeWestern

Northmarq Arranges $23.9M Refinancing for Office Building in Woodland Hills, California

by Amy Works

WOODLAND HILLS, CALIF. — Northmarq has secured $23.9 million in refinancing for Topanga & Victory, an office building located at 6325 and 6355 Topanga Canyon Blvd. in Woodland Hills. The 165,336-square-foot property offers office and medical office space, an upgraded lobby space and ample parking. David Blum of Northmarq’s Newport Beach Debt + Equity team arranged the permanent fixed-rate, internal refinancing for the undisclosed borrower through a correspondent relationship with a national commercial mortgage-backed securities platform. The transaction, which had a sub-60 percent loan-to-value ratio, was structured on a 5-year, interest-only term.

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Keizer-Village-Shopping-Center-Keizer-OR
AcquisitionsOregonRetailWestern

Cumberland Holdings Closes Sale of 76,785 SF Keizer Village Shopping Center in Oregon

by Amy Works

KEIZER, ORE. — Rolling Hills Estate, Calif.-based Cumberland Holdings LLC has completed the disposition of Keizer Village Shopping Center, a neighborhood shopping center in Keizer. A Eugene, Ore.-based private investor acquired the asset for $13 million. Located at 3830-3860 River Road N, Keizer Village Shopping Center offers 76,785 square feet of retail space. At the time of sale, the property was 99 percent occupied. Current tenants include Physiq Fitness, The Thrift Store, Little Caesars Pizza, Metro by T-Mobile, Subway and US Market. Kevin Fryman of Hanley Investment Group, in association with ParaSell Inc., represented the seller, while James Kim of Windermere Real Estate/Lane County represented the buyer in the transaction.

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1048-N-44th-St-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

MJA Investments Acquires Gateway Executive Center Office Building in Phoenix for $9M

by Amy Works

PHOENIX — Arizona-based MJA Investments has purchased Gateway Executive Center, a multi-tenant office building in Phoenix, from a Hawaii-based private investor for $9 million. Located at 1048 N. 44th St., the two-story, 39,912-square-foot building features a rooftop deck including a bar, grilling station and views of Camelback Mountain. Eric Wichterman, Mike Coover and Chris Toci of Cushman & Wakefield’s Private Capital Markets in Phoenix represented the seller in the transaction.

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