Texas Investor Acquires Newly-Constructed MF in Irvine

Fort Worth, TX-based Olympus Property acquired Fusion, a 280-unit Class A multifamily asset built in 2018 in Irvine, CA. The property, located on 3.6 acres, blends Feng Shui design with contemporary condo-quality interiors. Olympus Property’s Chandler Wonderly says, “Given the quality of the construction, the attractive location, and difficulty of buying Class A multifamily in the Irvine market,

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Brixmor Sells Clovis, CA Retail Center for $45M

Clovis Commons Shopping Center, a 326,608-square-foot community shopping center in Clovis, CA, has traded hands for $45 million. New York-based Brixmor Property Group divested the property to an unnamed affiliate of a SoCal-based privately-held investment and management company. Anchored by Target, Best Buy, T.J. Maxx, PetSmart, Office Depot and Dollar Tree, the center’s five major

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Shane Shafer Joins NorthMarq from Berkadia

NorthMarq Capital added multifamily investment sales specialist Shane Shafer as managing director in its Los Angeles regional office. He will be based in Newport Beach, CA, and will continue the expansion of NorthMarq Multifamily’s investment sales business. Shafer brings more than 20 years of experience in investment sales, most recently working in Berkadia’s Irvine, CA

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Del Frisco’s Makes West Coast Debut on San Diego’s Waterfront

Nationally-revered Del Frisco’s Double Eagle Steakhouse opened the doors on a 16,655-square-foot restaurant in San Diego. The two-story, indoor-outdoor luxury steakhouse sits at the intersection of Broadway and Pacific Highway, anchoring the new InterContinental San Diego. The restaurant serves as a cornerstone of the BRIC mixed-use development, and overlooks Lane Field, the waterfront park that

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Newmark Arranges $30M Construction Take-Out Financing for Santa Cruz MF

San Francisco-based Newmark Realty Capital Inc. arranged $29.9 million in financing for Five55 Pacific, a newly- developed, Class A mixed-use property in Santa Cruz, CA. Completed earlier this year by Swenson Builders, the beach-side apartment community offers 94 luxury apartments over four ground-floor commercial spaces. Newmark’s Jeff Wilcox, Robert Slatt and Charlie Kokernak structured the

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