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• Long Beach Retail Property Sells for $21 Mil
2/06/23
El Dorado Shopping Center, a 74.5k sf shopping center anchored by Grocery Outlet and Dollar Tree in Long Beach, traded hands in a $21.25 mil ($285/sf) transaction. The property was sold by DPI Retail of El Segundo.
El Dorado...
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• Ventura Shopping Center Traded in $66 Mil Transaction’
2/06/23
Poinsettia Plaza, a 157.3k sf shopping center in Ventura, traded for $66 mil, or $420/sf. The property is located at 4220-4360 E. Main St and 4687-4731 Telephone Rd, just south of the confluence of the 101 Fwy and Hwy 126.
P...
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• Dunbar Real Estate Holding Picks Up Two Gardena Industrial Buildings in $22.7 Mil Deal
2/06/23
Dunbar Real Estate Holding, LLC, out of El Segundo, purchased two freestanding industrial buildings totaling 92.6k sf of space in Gardena, in an off-market transaction for $22.7 mil ($245/sf). The buildings are located at lo...
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• Sony Pictures Entertainment Leases 225k sf of Space in L.A.’s Miracle Mile District
2/06/23
Sony Pictures Entertainment recently inked a long-term, multi-floor lease for 225.2k sf of space at Wilshire Courtyard, a two-building, Class A office campus situated in the heart of L.A.’s Miracle Mile area. The popular, ce...
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• Los Angeles Student Housing Property Refinanced for $16 Mil after Recent Improvements
2/06/23
Victory on Portland, a 55 unit/139-bed student housing property in Los Angeles, has been refinanced for $16.1 mil by its owner, Champion Real Estate Company. The property is located at 2353 Portland St, east of Hoover St and ...
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• Industrial Property in the San Gabriel Valley Sells for $273/sf
2/03/23
JAR Commercial Investments LLC purchased Azusa Center, a two-building, 75.1k sf industrial property in Azusa, from SENTRE for $20.5 mil ($273/sf). Azusa Center is located on a 3.67-acre lot at 301 and 411 N. Aerojet Ave, with...
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• CalSTA Awards Metro $600 Mil to Support Critical East San Fernando Valley Light Rail Project
2/03/23
The California State Transportation Agency (CalSTA) has announced that Metro will receive the full request of $600 mil in state grant funding for a key expansion of the Metro system, the East San Fernando Valley Light Rail Tr...
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• NFI Industries Renews Lease at 864k sf Industrial Facility in Perris
2/03/23
NFI Industries, a supply chain solutions provider, has inked a lease renewal for Perris Distribution Center, an 864k sf industrial facility in Perris. Located at 657 Nance St, Perris Distribution Center is a two-story cross-d...
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• Marcus & Millichap Opens Office in Century City
2/03/23
Marcus & Millichap has opened a new office on Los Angeles’ westside, in Century City. The new office, which integrates the firm’s former Downtown and West Los Angeles offices into one coordinated flagship location, has approx...
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• Construction Completed at Assisted Living Development in the San Gabriel Valley
2/02/23
Construction has been completed at Clearwater at Glendora, a high-end senior living facility equipped for residents seeking assisted living and memory care services in the San Gabriel Valley. The project was built by R.D. Ols...
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• Fountain Valley Biz Campus Trades for $16.5 Mil
2/02/23
Manhattan West Real Estate has acquired Talbert-Mount Washington Industrial Park, a two-building multi-tenant industrial asset totaling 59.8k sf in Fountain Valley, for $16.5 mil ($276/sf). The property, situated on 2.9 acres...
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• Simi Valley Retail Center Sells for $22 Mil
1/31/23
Griffin Plaza, an 85k sf, grocery- and drug-anchored retail center located in Simi Valley, was acquired for $22.1 mil, or $260/sf, by a private 1031 exchange investor. The property was sold by Griffin Living.
Built in 1981...
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• OC Biz Campus Trades for $315/sf
1/31/23
A private investor paid $13.5 mil for Struck Business Park, a 42.8k sf ($315/sf), two-building industrial park located at 1523 and 1547 West Struck Ave in the City of Orange.
Built in 1976, Struck Business Park is located i...
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• Leasehold Interest in Whittier Multifamily Community Goes for Almost $50 Mil
1/31/23
NextGen Properties Group purchased the leasehold interest for Alivia Apartments, a 128-unit multifamily property in Whittier, in a recent $49.625 mil ($387.7k/unit) transaction. The property, located at 11201 Carmenita Rd, wa...
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• Basis Investment Group Becomes Equity Partner in Santa Monica Development Site Portfolio
1/30/23
Tishman Speyer has secured the Basis Investment Group (BIG) as an equity partner in the Santa Monica Collection, its portfolio consisting of eight development sites across nearly 3.1 acres in Downtown Santa Monica.
A certi...
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• UCLA Acquires Former Marymount California University Campus in $80 Mil Deal
1/30/23
The University of California (UCLA) has acquired the former Marymount California University (MCU) campus in Rancho Palos Verdes in an $80 mil transaction. Overlooking the Pacific Ocean, the coastal property comprises 24.57 ac...
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• Paladin Equity Capital Acquires 1.7 Acres in San Bernardino for a Hotel Project
1/30/23
Paladin Equity Capital purchased 1.72 acres of land at 898 E. Harriman Place in San Bernardino for $1.85 mil. The land is adjacent to Best Buy and is located in the popular Hospitality Lane District, which is a major Inland E...
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• Birtcher Development Lands Entitlements for 330k sf Inland Empire Industrial Project
1/24/23
Birtcher Development has secured entitlements for Birtcher Logistics Center Fontana, a planned 330k sf industrial development in Fontana. Construction is expected to begin on the state-of-the-art distribution facility in the ...
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• Five Signings Bring Retail Portion of New San Diego Mixed-User to Fully Leased
1/24/23
There have been five leases totaling 10k sf at 5826 – 5854 Montezuma, a mixed-use development slated to open in the late summer of 2023 near the San Diego State University (SDSU) campus in San Diego. The deals put the buildin...
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• BLT Enterprises Wraps Up Creative Renovation of Single-Tenant Facility in Irvine
1/23/23
BLT Enterprises has completed $3.3 mil in creative renovations to a 40.6k sf, single-tenant industrial building in Irvine. The strategic improvement program was implemented to meet the specific needs of the building’s tenant,...
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