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• Burbank Biz Campus Sold in $37 Mil Transaction
1/04/23
Montana Avenue Capital closed out 2022 with the purchase of 2777 North Ontario Street, a 127.1k sf office and industrial campus located in Burbank, for $37 mil, or $291/sf. The asset was sold by a joint venture between Washin...
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• Wells Fargo Inks Expansion/Renewal Deal at West Covina Office Campus
1/04/23
The Lakes, a 174k sf, Class A office campus in the city of West Covina, is now 92.5% leased following the recent completion of a five-year 13k sf expansion and renewal with Wells Fargo. Wells Fargo has been a tenant at The La...
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• Apartment Building in L.A.’s Beverly Grove Trades for $354k/Unit
1/03/23
A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd.
The property was built in 195...
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• Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil
1/03/23
Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave.
The double lot has a combined l...
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• Rams Owner Kroenke Spends $325 Mil on Woodland Hills Retail Center
12/29/22
Los Angeles Rams’ owner Stan Kroenke closed on a large property acquisition in the San Fernando Valley, paying $325 mil for The Village, a 600k sf outdoor retail center in Warner Center. The property was sold by Unibail-Rodam...
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• Garden Grove Industrial Building Fetches $400/sf
12/28/22
A 22k sf industrial building in Garden Grove traded hands at a price of $8.83 mil ($401/sf). The property is located at 13831 Seaboard Circle, west of Harbor Blvd and just south of the 22 Fwy. Built in 1978, the highly functi...
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• Union Bank Sells Five San Diego Area Branches for $19 Mil
12/23/22
Union Bank collected $19.25 mil from the sale of five bank branches across San Diego County and in Brawley, CA.
Two branches are in San Diego, one near Ocean Beach at 1858 Cable St and the other at 6010 El Cajon Blvd. Built ...
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• Designworks Leases Santa Monica Creative Office Building
12/22/22
Designworks—the design innovation studio for the BMW Group—has signed a 10-year lease for a 16.5k sf creative office building in Santa Monica.
The building, situated on a 26k sf lot at 1601 Olympic Blvd, was converted into ...
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• Whittier Multifamily Property Goes for $285k/Unit
12/22/22
A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
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• Buchanan Street Partners Pays $28 Mil for South OC Office Property
12/21/22
Buchanan Street Partners paid $28.1 mil for Oakbrook Plaza, a four-story, 120.4k sf ($233/sf) office property in Laguna Hills. The building was sold by a New York City-based fund manager in an off-market transaction.
The pro...
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• ATV Manufacturer Buys Three-Building Industrial Campus in Jurupa Valley
12/21/22
A Riverside-based ATV and UTV manufacturing and distribution company has acquired three freestanding industrial buildings on nearly five acres of land in Jurupa Valley. The firm plans to occupy the industrial park, located a...
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• GLP Capital Partners Completes $90 Mil Inland Empire Purchase
12/21/22
GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in ...
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• New Apartment Community in Duarte Offers a Range of Rental Options in the San Gabriel Valley
12/20/22
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment community in the San Gabriel Valley city of Duarte, has been completed and is now open to the public. The project is a development of MBK Rental Living...
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• San Diego County Bar Association Pays $6.8 Mil for Office Building in City’s Downtown
12/19/22
San Diego County Bar Association paid $6.83 mil for a 9k sf ($759/sf), single-story office building in downtown San Diego. The structure, located at 330 A St, provides the buyer with a first-class, highly visible headquarters...
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• Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil
12/19/22
Janss Marketplace, a 456.4k sf, grocery-anchored regional retail center in Thousand Oaks, has been refinanced with a new loan for $84.7 mil. The center, located at 165-401 N Moorpark Rd, near the 101 Fwy in the Conejo Valley,...
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• Longfellow Real Estate Partners to Develop 316k sf Life Sciences Facility on Four-Acre Sorrento Mesa Site
12/16/22
Longfellow Real Estate Partners has secured $202 mil in financing for Bioterra, a new, 316k sf life sciences facility to be built as a redevelopment of a 4.14-acre site in San Diego’s Sorrento Mesa area.
The site originally...
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• Chino Designated as One of the Top Ten “Boomtowns” in the Nation
12/15/22
The City of Chino has been recognized as a "Boomtown," which means it is one of the top ten fastest growing cities in the nation. SmartAsset.com reviewed the data for 494 of the largest cities in the United States, measuring ...
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• Republic Floor Leases 100k sf Facility in Montebello
12/15/22
Republic Floor has signed a long-term lease for a 100k sf, freestanding warehouse/distribution facility in Montebello. The company’s new facility is located at 7227 Telegraph Rd, north of Slauson Ave with frontage along the e...
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• North Palisade Partners Pays $14 Mil for Two-Acre Site in Rancho Dominguez
12/14/22
North Palisade Partners acquired a nearly two-acre IOS site in Rancho Dominguez for $14.1 mil. The infill property, located at 18931 S. Laurel Park Rd, was purchased in an off-market transaction from the Apprentice & Journeym...
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• Captiva Partners Buys Freestanding Office/Industrial Facility in Rancho Dominguez
12/13/22
Captiva Partners acquired a 9.5k sf, freestanding office/industrial building on 60.1k sf of industrial-zoned land in the supply-constrained Los Angeles South Bay submarket of Rancho Dominquez. The price was not given out.
Th...
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