Talonvest Capital Arranged $25M Financing For Self-Storage: The Los Angeles Deal Sheet
Talonvest Capital arranged a $25M permanent loan for a Class-A self-storage facility managed by StorQuest Self Storage in Hawthorne. The property comprises 1,261 units totaling approximately 114K SF.
A life company lender provided a five-year permanent loan structured with full-term interest-only payments. Talonvest’s client was The William Warren Group.
SALES
Foxfield LLC and IRA Capital sold the Von Karman Creative Campus, a 25-acre site in Irvine, to Lennar Corp., according to a release from Foxfield. The transaction marks the conclusion of a multiyear entitlement effort that transformed the aging office campus into a residential development opportunity.
Foxfield did not disclose a price, but The Real Deal reported the site sold for $232M.
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Jensen Infrastructure acquired a 100-acre site located at the northeast corner of 30th Street and Avenue G in Lancaster from Northpoint for $46M.
Jensen Infrastructure hired Proficiency Capital to develop a new 400K SF regional manufacturing facility. Construction will begin in the first quarter of 2026 with completion scheduled for March 2027. Fullmer Construction is serving as the general contractor.
JLL's Hunter McDonald represented Jensen Infrastructure.
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Cityview sold Haven Culver City, a 97-unit apartment property with 13K SF of ground-floor retail in Culver City. Located at the intersection of Washington and Inglewood boulevards, Haven Culver City is one of only three institutional-size new construction buildings sold in Culver City in the last 25 years, according to a release from Institutional Property Advisors, which brokered the deal. TruAmerica purchased the property for an undisclosed sum.
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Newmark arranged the $31.6M off-market sale and $18.6M acquisition financing for San Carlos Village, a 160-unit apartment complex at 7707-7787 Tommy St. in San Diego.
Newmark's Erik Anderson represented the buyer, Pathfinder Partners. Greg Gorsuch of Chamberlain Property Management represented the seller, EFRSCV LLC, the heirs of the original developer.
Robert Younkin and Garrett Meyers of Newmark’s debt and structured finance group arranged the $18.6M Fannie Mae loan to facilitate the acquisition.
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San Francisco-based Sack Capital Partners and Align Finance Partners closed on structured financing on Step Up Housing’s $75M acquisition of Hancock Terrace, located at 534 E. Boone St. in Santa Barbara County’s Santa Maria.
CONSTRUCTION AND DEVELOPMENT
Bridge Industrial has completed construction of Bridge Point Irvine, a 215K SF industrial development located at 1 Banting in Irvine. The project is move-in ready and available for lease.
The building includes 23 dock-high doors, a 185-foot truck court that accommodates 32 trailer stalls and 199 auto stalls. The new Class-A property features a 5K SF office.
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FINANCING
JLL Capital Markets arranged $33.8M in first lien construction financing for 10400 Amargosa Road, a Class-A industrial facility in Hesperia that has yet to be built.
The Covington Group will develop the project on behalf of owner-user Pixior Group. JLL represented the borrower in securing the five-year, fixed-rate loan through TDA Investment Group on behalf of its pension client.
The 428K SF single-tenant building will feature 36-foot clear heights, rear-load capabilities and a secure truck court with space for 59 trailer stalls and 216 auto parking spaces, including EV charging capabilities. Construction is expected to be completed in 11 months on the 21.5-acre site.
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CBRE secured $19M in recapitalization financing for Gaslamp Square, a retail property at 402 Fifth Ave. in San Diego.
CBRE’s Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke arranged a floating‑rate loan on behalf of owner HP Investors. The financing features a multiyear interest‑only period with a maturity in 2029.
Gaslamp Square spans 55K SF and occupies a full block at Fifth Avenue and J Street in downtown San Diego’s Gaslamp Quarter.
The asset contains retail condominiums and a 243-stall subterranean parking garage, one of the largest parking facilities in the Gaslamp Quarter.
