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• Gortikov Enterprises and AMCAL Equities LLC Planning to Build Up to 335 Res Units in Woodland Hills
9/07/17
A joint venture between Gortikov Enterprises and AMCAL Equities LLC is planning to break ground soon on a new multifamily residential community in Woodland Hills that will contain as many as 335 res units.
The property will...
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• Santa Monica Building Sells for $1,300/sf
9/06/17
MDC Realty Advisors purchased a 23.5k sf building in Santa Monica for $30.5 mil ($1,296/sf), as part of a 1031 exchange. The building is located at 1315 Lincoln Blvd, in the city’s highly sought after “Silicon Beach” trade ar...
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• Vegas Retail Center Trades for $41 Mil
9/05/17
McCarran Marketplace, a 585.2k sf shopping center in Las Vegas, sold for $41 mil. The property is located at 5825 S Eastern Ave, south of Russell Rd and adjacent to the east side of McCarran International Airport.
McCarran M...
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• Rockwood Capital LLC Spends $109 Mil on Downtown San Diego High-Rise
9/01/17
Rockwood Capital LLC purchased an institutional-quality, Class A office high-rise in downtown San Diego in a recent $109.5 mil transaction. The building, located at 600 B Street, contains 359.3k sf ($305/sf) of space over 24 ...
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• Legacy Partners and The Resmark Companies Break Ground on Res Project in Downtown San Diego
9/01/17
Legacy Partners and The Resmark Companies have just broken ground on a 168-unit apartment project in the highly desirable Marina District of downtown San Diego. The development is located at 372 4th Ave, just one block west o...
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• Experiential Urban Lifestyle Development Planned for Westminster’s Little Saigon
8/31/17
A new residential/mixed-use development is planned for the OC city of Westminster that is expected to serve as the gateway to “Little Saigon,” the largest Vietnamese community in the U.S. Called Bolsa Row, the project is bein...
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• Continental Development Buys Medical Office Property in Torrance
8/31/17
Continental Development has added to its South Bay portfolio with the purchase of Madrona Business Campus, a 211.4k sf, four-building Class A office/medical property in Torrance. The property was sold by Dominguez Investment ...
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• OC Retail Center Refinanced with $60 Mil Loan
8/30/17
Plaza de la Paz, a 295k sf shopping center in the OC city of Laguna Niguel, has been refinanced with a new, $60 mil loan. The center, located at 27241 La Paz Rd, is owned by a local, family-based investment entity.
Plaza de ...
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• Construction Finished on $120 Mil Senior Living Community in Playa Vista
8/29/17
Construction of Fountainview at Gonda West, a luxury senior living community in Los Angeles’ Playa Vista neighborhood, has been completed. The project, a continuing care retirement community (CCRC) by the Jewish Home for the ...
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• $18 Mil Purchase of Two Office/Flex Properties in Kearny Mesa Provide Buyer with Strong Value-Add Opportunity
8/29/17
Two flex/office properties totaling 140.5k sf of space in San Diego’s Kearny Mesa submarket sold for $18.5 mil, or $132/sf. The buildings, which sit on 7.61 acres, include the Aero Office Building, a 37k sf, three-story, mult...
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• New Multifamily Asset in San Francisco’s Mission Bay Sells for over $600k/Unit
8/28/17
General Investment and Development, out of Boston, has purchased Eviva, a recently completed, 129-unit residential project in San Francisco’s Mission Bay District. From what we’ve heard, the property, located at 360 Berry St,...
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• Recent Purchase of 318-Unit Belmar Villas Represents the Second Denver Area Acquisition for Steadfast Apartment REIT III
8/28/17
In a major multifamily acquisition from a month or so ago, Steadfast Apartment REIT III Inc purchased Belmar Villas, a 318-unit, garden-style apartment community in the Denver, CO suburb of Lakewood, for $63.3 mil ($199k/unit...
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• Swift Real Estate Partners Buys 233k sf Downtown San Diego Office High-Rise
8/25/17
Swift Real Estate Partners purchased Five Thirty B in downtown San Diego. Located at 530 B St, the 24-story, 232.9k sf LEED Gold office building was 88% leased at the time of sale. Although a price was not given out, industry...
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• Community Preservation Partners Completes Residential Rehabilitations in San Jose
8/24/17
A year after closing two affordable housing acquisitions in San Jose totaling around $87 mil, Irvine-based Community Preservation Partners (CPP) has completed extensive rehabilitations to both properties, the 144-unit Monte V...
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• Investment Venture Pays $383/sf for OC Office Asset
8/23/17
A joint venture between Greenlaw Partners and Hilrod paid $59.8 mil for 4400 MacArthur, a nine-story, Class A office building totaling 156.3k sf ($383/sf) of space in Newport Beach The property, which is located within the ma...
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• KBS Strategic Opportunity REIT Spends $155 Mil on Two Oakland Office Towers
8/23/17
KBS Strategic Opportunity REIT II has acquired Oakland City Center, consisting of two Class A office buildings totaling 367.4k sf of space. The buldings, located at 505 14th St and 1300 Clay St, traded for $155 mil ($422/sf)....
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• Majestic Asset Management Collects $67 Mil from Sales of Two LA Office Properties
8/21/17
Majestic Asset Management sold two LA area office properties, in Van Nuys and Westlake Village, for a combined price of around $67 mil.
In the larger deal, Pacific Reach Properties paid $61.9 mil for Sherman Plaza, a two-bui...
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• Trammell Crow Company and Clarion Partners Pick Up 54 Acres in Santa Clarita for 4.2 msf Biz Park
8/21/17
Trammell Crow Company (TCC) and Clarion Partners acquired 54 acres of land for the development of The Center at Needham Ranch, a state-of-the-art business park in the northern LA County city of Santa Clarita. The project is t...
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• Westcore Properties Makes $38.7 Mil Entry into the Portland Industrial Market
8/18/17
Westcore Properties has acquired EastRidge Business Park, a 407.5k sf biz park in Vancouver, WA, for $38.7 mil ($95/sf). The property was sold by Investors Warranty of America LLC.
The 25-building office and industrial com...
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• Renovated Palo Alto Affordable Housing Project is Unveiled
8/18/17
Colorado Park Apartments, an affordable residential rental community developed by Palo Alto Housing (PAH), is celebrating a grand re-opening, after undergoing a major renovation program. Colorado Park Apartments is a seven-bu...
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