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Lucent Capital has arranged $11.05 million in permanent financing to recapitalize two Southern California properties owned by a Beverly Hills-based investment group....More

Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif....More

Construction has begun on Argyle Apartments, a 40-unit affordable housing project at 1600 N. Western Ave in Hollywood. The four-story structure is meant to house both seniors and young families. AMCAL Multi-Housing is developing the property, which will be LEED certified....More

Ground has been broken on the renovation and expansion project at The Village at Nellie Gail Ranch. The $17 million project will bring the retail center to a total of 100,000 sq. ft. and bring in the area’s first Fresh Market....More

The San Jose Marriott Hotel has sold to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors. The 506-key, class-A hotel located at 301 S. Market St. sold for less than replacement cost. Terms of the deal were not released....More

Kennedy Wilson has been tapped to be the exclusive leasing agent for 1 million square feet of commercial space being developed on Mare Island. Developer Lennar Mare Island LLC is turning the 650-acre former naval base into a mixed-use commercial and residential community....More

A newly formed private real estate investment company has closed its first fund. Tryperion Partners LLC now has $50 million of fully discretionary committed capital in its Tryperion RE Fund I. The company plans to use up to 75% leverage to give the fund a $200 million investment potential....More

The 200,000-sq.-ft. office campus at 2100 E. Grand Ave. in El Segundo, Calif. has sold to a joint venture made up of Rockwood Capital and Marshall Property & Development for $25 million. The property was sold in an off-market transaction by 2100 Grand LLC, a related entity of the visual effects company Rhythm & Hues Studios....More

Coldwell Banker’s Northern California residential real estate headquarters will be moved from San Ramon, Calif. to Concord, Calif. with its lease of 16,000 sq. ft. in Concord Gateway. The move away from Bishop Ranch Business Park will situate the firm closer to employees living in Contra Coasta County....More