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August 24, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
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• Max Sales Group Buys 64k sf Warehouse Property in City of Industry
4/18/19
Max Sales Group purchased a 64k sf industrial warehouse in the City of Industry for $11.525 mil ($180/sf). Max Sales Group is a wholesale manufacturer of products, including consumer electronics and home, auto, kitchen, and p...
more » 

• Fully Leased Office Building in San Diego Sells for $220/sf
4/18/19
A private investor purchased Cornerstone Office Center, a 43.2k sf office building in San Diego’s Sorrento Mesa area, for $9.5 mil ($220/sf). The three-story, Class B building was 100% leased at the time of sale. It is anchor...
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• Scopely Leases 60k sf in Culver City
4/18/19
Scopely has signed a lease for 60k sf of office space at a new property in Culver City. The building, located at 8888 Washington, is an expansion of Runyon Group’s Platform project. It is expected to be completed in late 2020...
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• Palm Desert Warehouse Property Sells for $110/sf
4/17/19
A 32.3k sf warehouse property in Palm Desert sold for $3.6 mil, or $110/sf. The property is located at 77550 Enfield Lane in the Country Club Business Park, west of Washington St off Country Club Dr. The two-story building ...
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• Archway Holdings Buys 40k sf Office Asset in Hollywood
4/16/19
Archway Holdings acquired a 40.3k sf office property in Hollywood. The price was not disclosed, although we can tell you that it last sold a little over three years ago for $19 mil, or about $470/sf. The building was the home...
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• Apartment Property in Bellflower Sells for $231k/Unit
4/16/19
Bellflower Boulevard Apartment Homes, a 26-unit multifamily community in Downey, was acquired by a private investor for $6 mil, or $231k/unit. Located at 11638 Bellflower Boulevard, the property consists of 17 one-bedroom a...
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• Exchange Investor Trades into $8.5 Mil Auto-Based Retail Center
4/16/19
Valencia Autoplex, a fully occupied, three-building 20.5k sf retail center in Valencia, traded hands for $8.5 mil ($415/sf). The buyer was a Los Angeles-based private investor. Built in 1996 and situated on 1.81 acres at 235...
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• Santa Monica Office Asset Trades for Almost $1,000/sf
4/16/19
A 16.1k sf, three-story freestanding office compound in the heart of the Santa Monica media district sold for $16 mil, or $994/sf. The buyer was Ryobi Holdings. Built in 1982, the property is located at 1545 26th St, betwee...
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• Brevast US Acquires LA-Area Office Assets Totaling 158k sf
4/15/19
Breevast US purchased the two LA-area, Class A office buildings totaling 158.8k sf from Ocean West Capital Partners in an off-market. The properties are located at 8942 Wilshire Blvd in Beverly Hills and 4525 Wilshire Blvd in...
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• Office Campus in San Diego’s Kearny Mesa Area Goes for $40 Mil
4/15/19
Washington Capital Management, on behalf of a client, acquired Spectrum Corporate Plaza, a 129.1k sf office campus in San Diego’s Kearny Mesa area, for $39.8 mil ($308/sf). Located at 9242 and 9246 Lightwave Ave, the campus...
more » 

• Apartment Building in West Hollywood Sells for $488k/Unit
4/15/19
A four-unit apartment building in West Hollywood has sold for $1.95 mil ($487.5k/Unit), or $561/sf. The property, located at 8904 Rangely Ave, was acquired by Rangely Partners LLC, a Los Angeles area real estate investor. Th...
more » 

• Bridge Development Partners Buys Ontario Property for Industrial Redevelopment Project
4/12/19
Bridge Development Partners LLC has acquired the former Scandia Fun Center property in Ontario. Following demolition, Bridge plans to construct two speculative industrial buildings, totaling 268.7k sf on the 11.9-acre site. T...
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•  Senior Housing Development Planned for Los Angeles’ Koreatown Neighborhood
4/12/19
Meta Housing Corporation and Western Community Housing have formed a joint venture to develop Vermont Corridor Apartments, a six-story, transit-oriented senior and permanent supportive housing multifamily community in Los Ang...
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• Land Site in Fontana Sells for $666k/Acre
4/12/19
A 7.42-acre site in Fontana sold for $4.945 mil, or about S666k/acre. The land is located at 16655 Valley Blvd and 16606 Washington Dr. The property at 16655 Valley Blvd included 6.8 acres on a hard corner location with fla...
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• Stockdale Partners Waiting for Approval for Redevelopment of Retail Space in Downtown San Diego
4/11/19
Stockdale Capital Partners’ planned The Campus at Horton will create a vibrant mixed-use high-tech office, lifestyle retail and food & beverage experience in the heart of downtown San Diego. The project, still waiting on appr...
more » 

• Cultural Landmark Building in Downtown L.A. Refinanced with $16 Mil Loan
4/11/19
Duns Capital has obtained a $16 mil cash-out loan on a recently converted seven-story, mixed-use property in Downtown Los Angeles’ Fashion District. The permanent debt financing took out an existing floating rate loan and was...
more » 

• CenterPoint Properties Awards Leasing for 1.1 msf OC Facility to CBRE
4/11/19
CenterPoint Properties has awarded the leasing assignment for a 1.1 msf, revamped industrial building in Buena Park, at the northwestern edge of Orange County, to CBRE. Located at 6800 Valley View, the massive industrial spa...
more » 

• Chatsworth Industrial Building Trades for Just Under $10 Mil
4/10/19
A 55k sf industrial building in Chatsworth sold for $9.65 mil, or $175/sf. The property is located at 9240 Jordan Ave, north of Nordhoff St and east of Topanga Canyon Blvd. It was acquired by Allsale Electric, a division of ...
more » 

• Vacant Office Property in El Segundo Sells for $564/sf
4/10/19
A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delive...
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• Multi-Tenant Retail Center in Oceanside Hits the Market with $20.6 Mil Asking Price
4/09/19
Here’s news of a five-tenant, 65.7k sf open-air shopping center in Oceanside that was just put on the market. The asset, Best Plaza, includes a new 20-year Jack in the Box ground lease. The asking price is $20.59 mil. Opened...
more » 



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