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• Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
2/16/23
Cityview is looking at a fourth quarter 2023 completion for Belle on Bev, a 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) District. The mixed-use, LEED Silver project, located at 1800 Beverly...
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• R.L. Jones Customhouse Brokers Leases 241k sf Industrial Facility in Otay Mesa
2/16/23
R.L. Jones Customhouse Brokers, an innovative logistical services provider, leased a brand new, 241k sf Class A industrial building in San Diego’s Otay Mesa submarket. The company is significantly expanding its headquarters o...
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• Brookfield Entity Defaults on $784 Mil of Loans on Two DTLA Office Towers
2/16/23
Brookfield DTLA Fund Office Trust Investor, one of the largest office landlords in downtown Los Angeles, has defaulted on $784 mil of loans on two DTLA office towers, according to multiple media reports. The publicly traded e...
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• Premier Workspaces to Reposition and Manage 30k sf Space in Aliso Viejo
2/15/23
Premier Workspaces has been selected by Rockhill Management to reposition and manage coworking operations at “The Heights” in Aliso Viejo. This modern, 30k sf space was formerly operated by TechSpace and most recently Industr...
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• San Fernando Valley Retail Center Trades in $58 Mil Deal
2/15/23
Gerrity acquired Victory Plaza, a 136.6k sf, grocery-anchored retail center in the eastern San Fernando Valley community of North Hollywood, for $57.75 mil ($423/sf). The asset was sold by Kennedy Wilson.
Located at 13007-13...
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• Carlsbad Industrial Facility Fetches $247/sf
2/14/23
Wimatex Inc purchased an 85.2k sf industrial property in Carlsbad for $21.05 mil, or $247/sf. Located at 2271 Cosmos Court, the freestanding building was 100% leased at the time of sale to a global medical device and technolo...
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• Redevelopment Site in South Los Angeles Trades for Just Over $3 Mil
2/14/23
A 24.7k sf parcel of land located in South Los Angeles sold for $3.15 mil. The redevelopment opportunity is located at 4420 S Broadway, just south of Vernon Ave and just east of the 110 Fwy.
The lot has a zoning of LAC2-2D-C...
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• Owner/User Spends $5.5 Mil on Industrial Building in Lawndale
2/13/23
Rusher Air Conditioning paid $5.52 mil for a 16.7k sf ($331/sf) industrial building in Lawndale. The property is located at 4435 W. 153rd St, north of Manhattan Beach Blvd on the east side of the 405 Fwy.
Constructed in 1967...
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• Greenlaw Partners Pays $58 Mil for Two Anaheim Industrial Facilities
2/13/23
Greenlaw Partners acquired a portfolio of two last-mile warehouse and distribution facilities totaling 198.8k sf in Anaheim for $58 mil ($292/sf). Completed in 1977 and 1978, the adjacent properties are located at 1701-1771 S...
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• Nelson Rising Passes at 81
2/10/23
Nelson Rising, a Los Angeles-based real estate developer and political and civic leader who helped shape the built and political environment of leading California cities, died yesterday, February 9, 2023 at his home in Pasade...
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• BentallGreenOak Closes $36 Mil R&D/Life Science Buy in Carlsbad
2/10/23
BentallGreenOak acquired a 119.6k sf, R&D/life science flex building in Carlsbad for $35.75 mil, or $299/sf. Located at 2210 Faraday Ave within the Faraday Research Center, the freestanding building was 100% leased to three ...
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• Private Investor Buys 1.25-Acre Retail Property in Long Beach
2/10/23
In Long Beach, a private investor acquired a 1.25-acre retail property NNN fully leased to Dollar Tree and Family Dollar Inc. The property, located at 5117 Atlantic Ave, was sold by Ramser Development Company, who purchased t...
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• Redevelopment Property in San Diego’s Bankers Hill Goes for $4.75 Mil
2/10/23
Liberty National Corporation purchased an urban infill redevelopment property in San Diego's Bankers Hill submarket for $4.75 mil. Located at 1905 – 1927 Fifth Ave, the property consists of an 18.6k sf building on 0.33 acres....
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• Alliant Strategic Development Starts Work on Four Res Projects in the San Fernando Valley
2/09/23
Alliant Strategic Development (ASD) has broken ground on four transit-oriented multifamily housing communities that will add more than 700 attainable and affordable rental units to Los Angeles’ San Fernando Valley.
The four...
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• LaSalle Investment Management Buys 600k sf Industrial Facility in Otay Mesa
2/09/23
LaSalle Investment Management has purchased a 601.1k sf, multi-tenant industrial building in San Diego’s Otay Mesa submarket. Situated on over 31 acres at 2020 Piper Ranch Rd, the property has direct access to the US-Mexico b...
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• Elevation Land Company and a Crow Holdings Capital-Advised Fund to Develop 1.8 msf Biz Park in Otay Mesa
2/08/23
A joint venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital will be constructing a brand new, 1.8 msf industrial / warehouse / distribution development in San Diego’s Otay Mesa area....
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• Two L.A. Area Multifamily Refinancings Total $14.7 Mil
2/07/23
Two Los Angeles multifamily properties totaling 147 units were refinanced in separate deals with a combined loan value of $14.7 mil, on behalf of a single investor. The financings, both for TIC borrower structures, were arran...
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• Scripps Ranch Office Building Fetches $257/sf
2/07/23
A 1031 exchange investor paid $6.04 mil for a 23.5k sf ($257/sf) office building in San Diego's Scripps Ranch submarket of Scripps Ranch. The building is located at 10200 Willow Creek, east of I-15 and north of Pomerado Rd.
...
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• Norco Automotive Retail Property Trades for $11.9 Mil
2/07/23
A retail property consisting of a Chevron station, convenience store and car wash in the Inland Empire city of Norco traded hands in a recent, $11.9 mil all-cash transaction. The property sold at full asking price and the pur...
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• Brookfield Asset Management Acquires New 1.8 msf Inland Empire Distribution Development in $329 Mil Deal
2/07/23
Brookfield Asset Management acquired a newly built, 1.8 msf, two-building distribution center in Riverside County from Shopoff Realty Investments and Artemis Real Estate Partners in a deal reportedly worth $329 mil ($183/sf)....
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