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August 22, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  524
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• Carlsbad’s Quonset Project Trades in $3.9 Mil Deal
5/24/19
Quonset Project in Carlsbad has sold in an off-market transaction for $3.9 mil. Located at 2725-2727 State St, the 8.3k sf, two-story project is situated within the renowned Carlsbad Village community and features a design st...
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• $46 Mil Gershwin Sale Provides Local Investor Opportunity to Compose New Value at Hollywood Asset
5/24/19
The Gershwin Apartments, a 172-unit, mixed-use development in Hollywood, was acquired by a local real estate entity for $46 mil in a transaction that took just 35 days to close escrow. The property is located at 5533 Hollywoo...
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• Downtown L.A. Site Sells for $10.2 Mil
5/24/19
An industrial property in Los Angeles leased to Avis/Budget and used as a truck leasing center sold for $10.25 mil. The property, located at 1910 E. Washington Blvd, south of I-10 and just east of Alameda St in the southern ...
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• Investor Pays $187/sf for Industrial Property in Chino
5/23/19
CMI Holdings LLC paid $4.35 mil for a 23.3k sf ($187/sf) industrial building in Chino. The facility sits on 1.84 acres at 15142 Vista Del Rio Ave, south of the 60 Fwy and just east of the 71 Fwy. It features approximately 6.3...
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• Point Loma Mixed-Use Development Refinanced with $20.5 Mil
5/23/19
Murfey Company and Bishop Ventures recently obtained $20.5 mil in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma. The Californian is sit...
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• Long Beach Apartment Property Sells for almost $300k/Unit
5/23/19
A two-building, six-unit apartment property in Long Beach sold for $1.775 mil ($296k/unit). The property, located at 1969 Cedar Ave in the city’s South Wrigley submarket, was purchased by a Los Angeles-based private investor....
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• Columbia Pacific Advisors Provides $17.6 Mil for Building Purchase and Two Other Property Repositioning Projects in the L.A. Area
5/22/19
Columbia Pacific Advisors through its real estate lending platform has provided a Southern California-based retail investor with a $17.6 mil bridge loan to finance the acquisition of a two-story, 43k sf, mixed-use creative of...
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• Stos Partners Spends $7 Mil on Temecula Industrial Facility
5/22/19
Stos Partners has purchased a 64.7k sf industrial property in Temecula for $7.1 mil, or $110/sf. The property was sold by Calavo Growers, an international farm products company known for its distribution of avocados. Locate...
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• Upscale Mixed-Use Complex Opens Its Doors in Burbank’s Media District
5/22/19
Talaria Burbank, a new mixed-use development in Burbank, has opened its doors and is welcoming new residents. Developed by Cusumano Real Estate Group, Talaria features 241 designer apartment homes, anchored by a 42k sf Whole ...
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• Work Completed on 466k sf Expansion of Newell Brands Facility in Victorville
5/21/19
Stirling Capital Investments has completed construction of a 466.3k sf building expansion for Newell Brands at Southern California Logistics Airport (SCLA). The expansion space was completed ahead of schedule, and is Newell’s...
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• Kingsbarn Realty Capital Picks Up 83k sf OC Office Asset
5/21/19
In a recent OC office buy, Kingsbarn Realty Capital purchased a two-story, 83.2k sf Class A office property in Foothill Ranch. Built in 1998, the property is located at 27042 Towne Center Dr, just off the 241 Toll Road and La...
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• Colton Apartment Community Trades for $63 Mil
5/21/19
San Diego-based Tower 16 Capital Partners has acquired The District at Grand Terrace, a 352-unit multifamily project in Colton, for $63.05 mil ($179k/unit). The project was acquired on an off-market basis from FPA Multifamil...
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• Greystar Picks Up Downtown San Diego Development Site
5/21/19
Greystar acquired a prime development site totaling 0.59 acres in downtown San Diego, at the southwest corner of 6th Ave and Olive St. The property was sold by St. Paul’s Episcopal Cathedral. Greystar will develop a new 204-...
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• Manhattan Village Inks Two New Restaurant Tenants
5/20/19
Two new restaurants have signed leases at Manhattan Village, the 44-acre, 573k sf indoor/outdoor retail center in the affluent South Bay city of Manhattan Beach owned by DWS Group. These latest deals are with dan by ROC (Repu...
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• Cleveland Investment Entity Pays $196/sf for Camarillo Office Property
5/20/19
An investment firm out of Cleveland, OH paid $15.6 mil for Mission Oaks Business Park, a 79.5k sf ($196/sf), multi-tenant office building in Camarillo. The building sits on 4.27 acres at 5141-5171 Verdugo Way, north of the 10...
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• Office Tower in L.A.’s Brentwood Neighborhood Purchased for $58 Mil
5/17/19
Brentwood Gateway, a 10-story, 104.7k sf office tower in Los Angeles’ Brentwood neighborhood, was acquired by Sargossa LLC, an affiliate of Fortress Investment Group, in a $58 mil ($554/sf) transaction. Built in 1977, the Cla...
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• Moulton Logistics Management Inc Renews 255k sf of Industrial Space in Van Nuys
5/17/19
Moulton Logistics Management Inc renewed leases totaling 255.4k sf of industrial space at two adjacent properties located in Van Nuys. Moulton – an order fulfillment & logistics provider founded in 1968 and headquartered in V...
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• Cerritos Bank-Occupied Building Trades for $1,250/sf
5/17/19
A 5.2k sf, absolute, NNN-leased single-tenant retail property in Cerritos sold for $6.5 mil, or $1,250/sf. The property, located at 11355 South St, is fully occupied by Comerica Bank. Built in 1974, the property includes 1.2...
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• Rexford Industrial Realty Spends $30 Mil on Two LA Area Industrial Buys
5/16/19
Rexford Industrial Realty Inc recently acquired two industrial properties for a combined price tag of $30.3 mil. The LA-area acquisitions, in the central San Fernando Valley and in Rancho Dominguez, were funded using cash on ...
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• State-of-the-Art Industrial Project Breaks Ground in Poway
5/15/19
Ryan Companies and DWS Group have broken ground on Vantage Point, a new state-of-the-art, infill logistics/distribution development in San Diego’s Poway submarket. Vantage Point consists of a new Class “A,” 534k sf two-build...
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