The Los Angeles Deal Sheet (February 20, 2026)

Southern California commercial real estate saw significant activity in February, with a flurry of deals spanning self-storage, industrial, and multifamily properties. These transactions, involving a range of developers and investors, highlight ongoing confidence in the region’s market despite broader economic conditions.

Self-Storage Financing Secured in Hawthorne

Talonvest Capital arranged a $25 million permanent loan for a Class-A self-storage facility in Hawthorne, California. The facility, managed by StorQuest Self Storage, comprises 1,261 units and approximately 114,000 square feet. The loan, structured with full-term interest-only payments, was provided by a life company lender, with The William Warren Group as Talonvest’s client.

Did You Know? The Hawthorne self-storage facility offers 1,261 units, indicating a substantial capacity to meet local storage needs.

Broader Real Estate Transactions

Beyond self-storage, several other notable transactions took place. Foxfield LLC and IRA Capital sold the Von Karman Creative Campus, a 25-acre site in Irvine, to Lennar Corp. For a reported $232 million. Jensen Infrastructure acquired a 100-acre site in Lancaster for $46 million, intending to develop a 400,000 square foot regional manufacturing facility.

Cityview sold Haven Culver City, a 97-unit apartment property, to TruAmerica. Newmark facilitated both the $31.6 million sale and $18.6 million acquisition financing for San Carlos Village, a 160-unit apartment complex in San Diego. Sack Capital Partners and Align Finance Partners also closed financing on Step Up Housing’s $75 million acquisition of Hancock Terrace in Santa Barbara County.

Industrial Developments Progress

Construction is complete on Bridge Point Irvine, a 215,000 square foot industrial development. JLL Capital Markets arranged $33.8 million in construction financing for a future Class-A industrial facility in Hesperia, slated for completion in 11 months. CBRE secured $19 million in recapitalization financing for Gaslamp Square, a retail property in San Diego.

Expert Insight: The volume of financing activity across diverse property types suggests continued investor interest in the Southern California real estate market, despite potential economic headwinds. The focus on industrial development reflects ongoing demand for logistics and manufacturing space.

Frequently Asked Questions

What type of loan was secured for the Hawthorne self-storage facility?

A five-year permanent loan structured with full-term interest-only payments was secured.

Who was the borrower in the Hawthorne self-storage financing deal?

The William Warren Group was Talonvest’s client in the transaction.

What is the size of the Von Karman Creative Campus?

The Von Karman Creative Campus is a 25-acre site.

As Southern California’s real estate landscape continues to evolve, how might these recent transactions influence future development and investment strategies in the region?