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• Clarion Partners LLC and Baranof Holdings Buy 677-Unit L.A. Area Self-Storage Asset
12/01/23
South Pasadena Storage, a 677-unit self-storage facility located in South Pasadena, was acquired by a joint venture between Clarion Partners LLC and Baranof Holdings out of Dallas, TX. It was sold by Gelt Ventures. The price ...
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• ESET and Northwestern Mutual Take Full floors at Downtown San Diego Office Building
11/30/23
ESET and Northwestern Mutual both committed to 10-year leases totaling 45k sf at 655 West Broadway, a 23-story, Class A office high-rise in downtown San Diego.
Built in 2005, 655 West Broadway is currently at 92.1% occupanc...
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• Newmark Awarded Leasing Assignment for Oxnard Industrial Development
11/29/23
Stream Realty Partners has awarded Newmark the leasing assignment for 101 Logistics Center, a fully entitled, 750k sf, four-building, Class A state-of-the-art industrial project located on Sakioka Dr in Oxnard. Stream purchas...
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• Mixed-Use Property in Palm Springs Goes for $349/sf
11/28/23
New Dawn Enterprises LLC paid $7.3 mil for a 20.9k sf ($349/sf) mixed-use property in Palm Springs. The seller was 803 N Palm Canyon Holdings.
The mixed-use property is located at 803 North Palm Canyon Dr, at the intersecti...
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• Harbor Associates LLC and Evergen Equity Spend $55 Mil on L.A. Area Industrial Portfolio
11/28/23
Harbor Associates LLC, in a joint venture with Evergen Equity, has acquired a 126k sf industrial real estate portfolio in Gardena from a local investor in an off-market transaction valued at $55 mil ($436/sf).
The portfolio...
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• Mason Waite Named Managing Director of Asset Management at BKM Capital Partners
11/27/23
Mason Waite has been named Managing Director of Asset Management at BKM Capital Partners. He will also serve on the Investment Committee for the company, which specializes in the acquisition and improvement of value-add multi...
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• Los Angeles Apartment Property Sells for $647k/Unit
11/27/23
A new construction, four-unit multifamily property in the Pico Union submarket of Los Angeles sold for $2.59 mil, or $647.5k/unit.
Built in 2021, the turn-key property is located at 1807 S. New Hampshire Ave and is not subje...
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• SoCal Dutch Bros Building Sells for $2,737/sf
11/27/23
A newly constructed, 950 sf Dutch Bros Coffee retail property in Escondido was acquired by a private investor for $2.6 mil, or $2,737/sf. The structure sits on a 0.63-acre lot at 2365 E Valley Pkwy, east of I-15.
Noteworthy ...
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• UCLA Team Wins NAIOP SoCal’s Annual Silver Shovel
11/22/23
Due to its winning presentation “Legacy Ranch,” the five member graduate student team from UCLA took home the silver shovel as the winner of the NAIOP SoCal USC vs. UCLA Real Estate Challenge.
This year’s event, held Novemb...
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• Traveler’s Insurance Leases 41k sf of Office Space in the San Gabriel Valley
11/22/23
Traveler’s insurance inked a 66-month lease for 41.6k sf of office space in the eastern San Gabriel Valley city of Diamond Bar. The Class A, three-story 80.2k sf building is located at 21680 Gateway Dr, south of Hwy 60 and ad...
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• Two OC Multifamily Trades Total $7.6 Mil
11/21/23
Here’s an update on two OC multifamily properties totaling 24 units that sold in separate transactions with a combined price of $7.61 mil.
In one of the deals, a 16-unit multifamily property located at 1801 and 1809 East Wil...
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• Steinhauer Properties Acquires Long Beach Site for Planned Hard Rock Hotel
11/17/23
Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach.
The new hotel i...
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• Apartment Property in L.A.’s Koreatown Sells for $225k/Unit
11/17/23
A 10-unit apartment property located in Los Angeles’ Koreatown submarket traded for $2.25 mil, or $225k/unit. The property is located at 2900 Francis Ave, east of Vermont Ave about midway between Wilshire and Olympic Blvds.
...
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• Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy
11/17/23
Flexible office space provider Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company's ongoing bankruptcy proceed...
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• Single-Tenant El Segundo Building Lands $15 Mil Refi
11/16/23
A 51k sf, single-tenant building in El Segundo has been refinanced with a new loan for $15.3 mil. The flex/office property is located at 601 Hawaii St, adjacent to LAX within Los Angeles' South Bay submarket.
The one-story ...
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• Guardian Litigation Group Leases 15k sf of Office Space in Irvine
11/15/23
Guardian Litigation Group LLP has signed a lease for 15.4k sf of office space at Fitch Technology Center in Irvine. Guardian Litigation Group is an Orange County-based multi-jurisdictional law firm providing estate planning, ...
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• Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
In news of a substantial redevelopment opportunity in Long Beach, Golden Shore, a prime 4.73-acre waterfront mixed-use development site in the city’s downtown, has been put on the market. The site is comprised of three parcel...
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• L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor
11/15/23
A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office.
In 2019, LA Downtown Medi...
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• Escondido Apartment Comp Works Out to $282k/Unit
11/14/23
In a recent multifamily sales comp out of San Diego County, a five-unit multifamily property in Escondido was purchased by a private investor for $1.41 mil ($282k/unit). Built in 1981, the property sits on 0.17 acres at 419 W...
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• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
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