Western

Newcastle Partners Receives $65.1M Construction Loan for 631,011 SF Ellis Avenue Logistics Center in Perris, California

by Amy Works February 9, 2026

PERRIS, CALIF. — Newcastle Partners has received $65.1 million in senior construction financing for the development of Ellis Avenue Logistics Center, an industrial project in Perris. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the floating-rate, five-year (inclusive of extensions) loan through Bank OZK for the borrower. The 631,0011-square-foot warehouse and distribution facility will feature a clear height of 40 feet, an ESFR sprinkler system, 87 dock-high doors, three grade-level doors, 205 trailer parking stalls and 176 auto parking stalls. Construction of the project, which is located at the intersection of Ellis Avenue and Case Road, is slated to commence in early 2026, with completion and stabilization projected for late 2026.

February 9, 2026

Acquisitions California Healthcare Western

County of Riverside Buys Two Medical Office Buildings in California for $53M

by Amy Works February 9, 2026

RIVERSIDE COUNTY, CALIF. — The County of Riverside has acquired two fully leased medical office buildings in Riverside County for a combined total of $53 million. The asset, located at 8876 Mission Blvd. in Jurupa Valley, Calif., sold for $25 million, and the property at 2813 S. Main St. in Corona sold for $28 million. Jurupa Valley Community Health Center is a single-story, 40,000-square-foot medical outpatient building built in 2019. The property is fully leased to the County of Riverside, dba Riverside University Health System (RUHS), under a long-term lease. RUHS also fully occupies the two-story, 45,204-square-foot Corona Community Health Center, which was built in 2018. Travis Lee, Gino Lollio and Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team represented the undisclosed seller in the transactions.

February 9, 2026

Acquisitions California Multifamily Seniors Housing Western

Broadview Real Estate Partners Sells 100-Unit Seniors Housing Community in North Tustin, California

by Amy Works February 9, 2026

NORTH TUSTIN, CALIF. — Broadview Real Estate Partners has completed the sale of Clearwater at North Tustin, a seniors housing property in North Tustin, to Health Wave Partners for an undisclosed price. Aaron Rosenzweig and Dan Baker of JLL’s Seniors Housing Capital Markets team represented the seller and procured the buyer in the transaction. JLL’s Debt Advisory team arranged acquisition financing on behalf of the buyer through a large national bank. Built in 2001, Clearwater at North Tustin consists of two acuity-specific, single-story buildings offering assisted living and memory care. Onsite amenities include restaurant-style dining, an outdoor amphitheater, music garden, salon and spa, an art studio, a wellness center, dog park and four distinct resident courtyards. The community is situated on 6.6 acres at 11901 Newport Ave.

February 9, 2026

Acquisitions Colorado Multifamily Seniors Housing Western

MGL Partners Sells Carillon at Belleview Station Seniors Housing Property in Denver for $96M

by Amy Works February 6, 2026

DENVER — MGL Partners has completed the sale of Carillon at Belleview Station, a seniors housing community in Denver. An institutional buyer acquired the property for $96 million as part of a multi-asset seniors housing portfolio. Located at 4855 S. Niagara St., Carillon at Belleview Station features 156 independent living, assisted living and memory care residences. Community amenities include a commercial kitchen and restaurant-style dining, a bistro, spa and wellness spaces and common areas designed to support comfort, connection and aging in place. The buyer purchased Carillon at Belleview Station alongside four other seniors housing properties across the country as part of a single portfolio transaction.

February 6, 2026

Acquisitions California Multifamily Western

Waterton Buys 212-Unit Misora Apartment Community in San Jose, California

by Amy Works February 6, 2026

SAN JOSE, CALIF. — Chicago-based Waterton has acquired Misora, a mid-rise multifamily property at 388 Santana Row in San Jose. Terms of the transaction were not disclosed. Built in 2013, Misora offers 212 studio, one-, two- and three-bedroom units, with half of the layouts featuring a loft configuration or a den and select units including a private balcony. Waterton plans to upgrade residences to a modern finish level, including vinyl plank flooring, new lighting and plumbing fixtures, quartz countertops, new backsplashes and a new technology package. Stainless steel appliance packages and cabinets will be added as needed. Community amenities include a lap pool and spa, rooftop sundeck with barbecue and dining areas, a coworking lounge and conference center, a fitness studio, demonstration kitchen for community use and private underground parking. Waterton plans to update furniture and fixtures in the amenity spaces, add new flooring and equipment in the fitness center and reconfigure underutilized spaces.

February 6, 2026

Acquisitions Arizona Office Western

Newmark Brokers $32.2M Sale of Thirty 03 Office Tower in Midtown Phoenix

by Amy Works February 6, 2026

PHOENIX — Newmark has brokered the sale of Thirty 03, a Class A office building located at 3003 N. Central Ave. in Phoenix. A Canada-based private buyer acquired the 26-story tower from Vancouver, Canada-based Balfour Pacific for $32.2 million. Barry Gabel, Chris Marchildon and CJ Osbrink of Newmark represented the seller in the deal. Offering 458,047 square feet of office space, Thirty 03 has undergone nearly $11 million in transformative capital improvements. Implemented in 2019, the plan included extensive lobby upgrades, full elevator modernization and speculative suites. At the time of sale, the building was 81 percent leased to a diverse mix of tenants spanning legal, healthcare, architectural, banking, government and professional services sectors.

February 6, 2026

California Development Loans Multifamily Western

PSRS Arranges $8M in Construction Financing for Affordable Housing Development in Los Angeles

by Amy Works February 6, 2026

LOS ANGELES — PSRS has arranged $8 million in construction financing for South Central Apartments, a multifamily development in Los Angeles. The ground-up construction project will feature 48 units fully dedicated to affordable housing. Securing the loan through a bank execution, Michael Warner of PSRS delivered a 65 percent loan-to-value structure featuring a two-year term with full-term, interest-only payments.

February 6, 2026

Acquisitions California Retail Western

Barings Sells Seacliff Village Shopping Center in Huntington Beach to Asana Partners for $151M

by Amy Works February 5, 2026

HUNTINGTON BEACH, CALIF. — Barings has completed the disposition of Seacliff Village, a core grocery-anchored shopping center in Huntington Beach, to Asana Partners for $151 million. JLL secured an $83.8 million acquisition loan for the buyer. Situated on 26.7 acres at Yorktown Avenue and Main Street, Seacliff Village features 253,234 square feet of retail space that was 95.8 percent occupied at the time of sale. The property is anchored by a 69,925-square-foot Albertsons store. Additional tenants include LA Fitness, Staples, Panera Bread, Starbucks Coffee and four banks. The property is wholly owned, including all 11 outparcel and shop buildings. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL brokered the transaction. Anthony Fertitta Jr. and John Marshall of JLL arranged the acquisition financing for the buyer.

February 5, 2026

California Loans Multifamily Western

IPA Secures $52M in Financing for 98-Unit Arista Glendale Multifamily Property in California

by Amy Works February 5, 2026

GLENDALE, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $52 million in financing for Arista Glendale, a multifamily property at 520 N. Central Ave. in Glendale. Stefen Chraghchian of IPA Capital Markets secured the financing with Dwight Capital. The nonrecourse loan features a five-year, interest-only term at a 67.5 percent loan-to-value ratio. Arista Glendale features 98 two- and three-bedroom apartments with in-unit laundry, a 24/7 fitness center, swimming pool with a spa and private cabanas, a resident lounge, an outdoor firepit and barbecue area, a billiards gaming area and parking.

February 5, 2026

Arizona Loans Multifamily Western

Knighthead Funding Arranges $11M Refinancing for Apartment Community in Tempe, Arizona

by Amy Works February 5, 2026

TEMPE, ARIZ. — Knighthead Funding has arranged an $11 million refinancing loan for The Heights on Lemon, a multifamily property in Tempe. The loan will refinance the existing facility and provide financial flexibility to the borrower, 1224 Lemon LLC, and its sponsor, Robert La France. With more than 11 years of multi-state real estate investor experience, La France acquired The Heights on Lemon in 2021. Built in 1976 and fully renovated in 2021, The Heights on Lemon features 65 apartments spread across four buildings. The property was 98 leased at the time of financing. The asset offers 84 parking spaces, a community pool and in-unit washers/dryers. Reuben Hedaya and Noah Schulman of Pivot Real Estate represented the borrower.

February 5, 2026

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