California

The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July’s $5.6-million sale of The Colony House Apartments in Sacramento. Located at 620 Alamo Ct., the original 25-unit community …

Keystone Mortgage Corp. recently closed on a $22,000,000 permanent loan on a multifamily property located in Belmont. The financing was provided by Voya Financial at a fixed interest rate of 5.47%. The borrower was not disclosed. The transaction reflects continued lender appetite for well-located multifamily assets in supply-constrained California markets, and demonstrates Keystone’s ability to …

Marcus & Millichap Capital Corporation (MMCC) arranged $7,380,000 in financing for Beaumont RV and Self Storage, a 49,958-square-foot self-storage property located at 251 W. 1st St. in Beaumont. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the 10-year financing with a national federal credit union on behalf of a private client. The loan carries a …

Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona. The $36.7-million sale price represents $265,942 per unit. “The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the past five …

SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional investor with a national presence. …

Newmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units. Executive managing director Ryan Plummer, co-head of U.S. Capital Markets Kevin Shannon, vice chairman …

Shopoff Realty Investments has secured unanimous approval from the Buena Park City Council for 5600 Beach Blvd, a 13.76-acre residential development in Buena Park. The property is currently occupied by the Amway Corporation with a corporate sale-leaseback in place until the end of 2026 and consists of two industrial buildings totaling approximately 370,031 square feet. “5600 Beach …

Shopoff Realty Investments has sold a proposed 1.06-acre condominium development, Park Palm in Newport Beach, to Shea Homes for an undisclosed sum. The property is part of Shopoff’s master plan community, Uptown Newport Village, and is entitled for 23 townhomes. Shopoff acquired the 25-acre Uptown Newport Village site in December 2010. The firm set out …

JLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista. Senior managing director Gleb Lvovich, managing director Daniel Tyner and senior managing director Geoff Tranchina. represented the seller, a global investment manager. Located at 390 E H St., Terra Nova Plaza sits …

Brixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination. La La Land will occupy 1,168 square feet of interior space, with additional sitting and queueing space extending …

Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partners arranged the $2.64-million sale of a renovated, single‑tenant AutoZone in Bakersfield. The building, originally constructed in 2013, underwent a full renovation in 2025 and is leased to AutoZone on a new 15‑year triple-net lease. EVP and partner Jeff Lefko and EVP Bill Asher of …

Industrial investor and developer CapRock Partners announced that Building 1 at CapRock Central Point III in Visalia has been fully leased to an undisclosed global corporate tenant. The 1,270,750-square-foot commitment ranks among the largest industrial lease transactions completed in California’s Central Valley in recent years. Located at 4001 N. Plaza Dr., Building 1 represents the first building …

Colliers has been awarded the exclusive leasing assignment for 25 buildings within the recently acquired North Market Industrial Park, a 28-building industrial portfolio. Vice chair Mark Demetre, VP Michael Hoo, and senior associate Nathan Miller will lead the leasing efforts and strategy on behalf of the owner, Blue Rise Ventures and equity partner, DRA Advisors. …

Marcus & Millichap (closed the sale of 915 Johnfer Way, a 34-unit multifamily property in Sacramento. The property sold for $5.6 million or $164,705 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $3.7 million in acquisition financing on behalf of the buyer. “This transaction allowed the seller to redeploy capital into a core Silicon Valley investment while providing the buyer with a well-located multifamily community offering significant value-add potential,” …