West Harbor in San Pedro Adds Three Tenants to $500M Waterfront Complex

The 42-acre mixed-use destination at the Port of Los Angeles signed a 21,000-square-foot dog park alongside two food concepts.

By the Family Office Real Estate Daily Desk·Monday, October 19, 2026·2 min read

Editorial summary of reporting byBisnow Our editorial standards →

The answer · checked against Bisnow

What new tenants has West Harbor in San Pedro signed at its $500M waterfront complex?

West Harbor, a $500M, 42-acre mixed-use complex at the Port of Los Angeles in San Pedro, California, has signed three new tenants: Wagbar, an approximately 21,000-square-foot off-leash dog park and social bar, Tierra Azul, a Baja California-inspired bar and grill, and Sno Swell, a frozen desserts concept. Square footage for the two food tenants was not disclosed.

Key facts

West Harbor in San Pedro, California is a $500M, 42-acre mixed-use destination at the Port of Los Angeles.
West Harbor signed Wagbar, an approximately 21,000-square-foot off-leash dog park and social bar, as a new tenant.
West Harbor signed Tierra Azul, a Baja California-inspired bar and grill, as a new tenant; square footage was not disclosed.
West Harbor signed Sno Swell, a frozen desserts concept, as a new tenant; square footage was not disclosed.
Wagbar's open-air space will host dog-focused events including rescue and adoption partnerships as well as community programming, according to West Harbor.

West Harbor in San Pedro Adds Three Tenants to $500M Waterfront Complex — Image: editorial illustration · Story sourced from Bisnow

West Harbor, a $500 million mixed-use complex on 42 acres at the Port of Los Angeles, has signed three new tenants. The waterfront destination in San Pedro added Wagbar, an approximately 21,000-square-foot off-leash dog park and social bar. The open-air space will host dog-focused events, including rescue and adoption partnerships and community programming.

The complex also announced Tierra Azul, a Baja California-inspired bar and grill, and Sno Swell, which sells frozen desserts. Square footage for the food tenants was not disclosed.

In Fallbrook, two apartment portfolios changed hands for approximately $37 million. Amber Creek Associates and Rosewood Associates sold Amberwood Apartments and Rosewood Apartments, respectively, in the northern San Diego County city. Amberwood, a 133-unit development at 923 Alturas Road, sold for roughly $24 million. Rosewood, a 73-unit complex at 338 Ammunition Road, sold for approximately $12 million. Colliers' Shane Shafer and Brian Anderson represented the sellers.

A 22,000-square-foot Class-A office building at 2392 Morse Avenue in Irvine sold for $15.7 million, or $707 per square foot. The deal closed on Oct. 1. The property was formerly the headquarters of RiverRock Real Estate Group, which was acquired by Lincoln Property Co. in 2023. Property records show Lincoln as the owner. Economos DeWolf represented the undisclosed buyer and the seller. Economos DeWolf secured the buyer and put the property into escrow before it was formally brought to market.

Off-price retailer Ross Dress For Less signed a 115,000-square-foot office lease at Row DTLA, relocating from Downtown Los Angeles' central business district. The new space comprises 110,000 square feet of creative office space and 5,000 square feet of exclusive rooftop space, according to Row DTLA. JLL's Jaclyn Ward, Cassie Trosclair and Sarah Hancock represented Row DTLA. CBRE's John Zanetos and Kelli Snyder represented Ross. The terms of the lease were not disclosed.

Lincoln Property Co. and McCourt Partners secured $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a mixed-use development in Culver City. The planned six-story project will feature 344 residences, including 52 affordable units, along with 2,000 square feet of retail and 17,000 square feet of public outdoor space. Berkadia's Lou Friedel and Keith Rosso arranged the financing on behalf of Lincoln and McCourt.

JLL arranged $210 million in refinancing for the Grand Hyatt Indian Wells Resort & Villas, a 531-key luxury resort on 45 acres at 44600 Indian Wells Lane in Indian Wells, east of Palm Springs. JLL worked on behalf of Trinity Investments to secure the five-year, floating-rate, single-asset single-borrower CMBS loan through Citi. The resort recently completed a $62 million renovation and conversion to the Grand Hyatt. The JLL team was led by Mike Huth and Jade Lewin, with oversight from Kevin Davis, Americas CEO for JLL's hotels and hospitality group.

The Deployment Angle

Family Office Real Estate Daily Desk · our analysis, not the source's

The West Harbor leasing activity illustrates a tenant mix tilted toward experiential draws rather than traditional retail anchors. A 21,000-square-foot dog park carries fixed lease economics but uncertain per-square-foot productivity compared to a conventional restaurant or shop. The $500 million basis across 42 acres implies roughly $11.9 million per acre in total project cost. Family offices evaluating similar waterfront developments should model consumer-traffic patterns that depend on events and programming rather than predictable foot traffic from residential density.

The Culver City construction loan of $132.7 million for 344 units implies approximately $386,000 in debt per unit. If the project follows typical mixed-use construction loan-to-cost ratios of 65 to 70 percent, total project cost would be roughly $189 million to $205 million, or $549,000 to $596,000 per unit. With 52 affordable units and 2,000 square feet of retail, the market-rate units carry the full economic weight. Direct investors should confirm that projected rents justify those all-in costs, particularly given the floating-rate exposure implicit in construction debt from a regional bank.

The Grand Hyatt refinancing at $210 million for a 531-key resort works out to approximately $395,000 per key. Trinity Investments completed a $62 million renovation before the refinancing, suggesting a total basis near $272 million, or roughly $512,000 per key. The five-year floating-rate CMBS term is short for a resort asset, and interest-rate volatility will hit debt service in a property class with high operating leverage. Family offices contemplating hospitality co-GP structures should negotiate rate caps as a day-one equity contribution or insist on sponsor-funded hedges that lock in a minimum debt yield.

The Irvine office sale at $707 per square foot reflects a motivated seller unloading a former corporate headquarters. Lincoln Property owned the building after acquiring RiverRock in 2023, and Economos DeWolf brought a buyer before formally marketing the asset. That dynamic typically signals price discovery below recent comparables. Principals evaluating small-lot office acquisitions in Orange County should underwrite to replacement-cost floors rather than trailing transaction comps, particularly when the seller is a national platform trimming non-core holdings.

Questions this story answers

01What tenants has West Harbor in San Pedro recently announced?

West Harbor announced three new tenants: Wagbar, an approximately 21,000-square-foot off-leash dog park and social bar; Tierra Azul, a Baja California-inspired bar and grill; and Sno Swell, a frozen desserts concept. Square footage for Tierra Azul and Sno Swell was not disclosed.

02How large is the West Harbor development in San Pedro and what is its total cost?

West Harbor is a 42-acre mixed-use complex at the Port of Los Angeles in San Pedro, California, with a total development cost of $500M, according to the project announcement.

03What type of programming will Wagbar offer at West Harbor?

Wagbar's approximately 21,000-square-foot open-air space at West Harbor will host dog-focused events including rescue and adoption partnerships as well as community programming, according to West Harbor.

04What is the food and beverage mix at West Harbor based on the latest leasing announcements?

The latest leasing announcements at West Harbor include Tierra Azul, a Baja California-inspired bar and grill, and Sno Swell, which sells frozen desserts. Square footage for both food concepts was not disclosed.

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Original reporting

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