Westwood Financial Acquires Grocery-Anchored Huntington Beach Center

Westwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot, Ralphs-anchored shopping center in Huntington Beach, for an undisclosed amount The property is 99% leased.

The acquisition comes as Southern California’s retail market continues to strengthen, according to Westwood. In the second quarter of 2026, Orange County led Greater Los Angeles in positive net absorption. Westwood is seeing similar momentum across its own portfolio, with its owned Southern California portfolio more than 99% leased at the end of the first half of 2026.

“Peninsula Marketplace is a substantial addition to our portfolio,” said Lauren Ball, COO at Westwood Financial. “Grocery-anchored retail has been a key driver of Westwood’s success for nearly 60 years, and over that time, we’ve developed a deep understanding of what differentiates one opportunity from the next. With a strong anchor like Ralphs, which has been operating at this location for more than two decades, Peninsula Marketplace is fully integrated into the Huntington Beach community. As a legacy owner and operator in Southern California, we’re excited about the opportunities ahead as the market continues to strengthen.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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