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August 22, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
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• Low-Income Senior Housing Project in Lancaster Sells for $8.65 Mil
4/09/19
Aurora Village Apartments, a 132-unit, low-income senior housing project located in what is envisioned to become Lancaster’s Medical Main Street, has traded for $8.65 mil, or $65.5k/unit. The community sits on 3.4 acres at 4...
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• Luxury Res Project Opens in L.A.’s Miracle Mile District
4/09/19
The Mansfield at Miracle Mile, a new mixed-use project in L.A.’S Miracle Mile area, has opened to the public. The project, located at 5100 Wilshire Blvd, a block away from the future Purple Line Station at Wilshire and La Bre...
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• HBO Leases 240k sf at Ivy Station Project in Downtown Culver City
4/08/19
HBO inked a long-term deal for the 240k sf of office space at the Ivy Station mixed-use, campus development in Culver City. HBO intends to use the space as its West Coast corporate HQ, relocating from its current space at Col...
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• San Fernando Valley Movie Production Property Trades for $181/sf
4/08/19
Movie Tech Studios, an 8.9k sf movie production studio property in Van Nuys, sold for $1.6 mil, or $181/sf. The property is located at 14737 Arminta St, west of Van Nuys Blvd and south of Roscoe Blvd. For over 61 years Movie...
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• Harbor Associates Closes $48 Mil Office Buy in the San Fernando Valley
4/08/19
In a recent office buy in the San Fernando Valley, Harbor Associates LLC has acquired Encino Office Park, a four-building, 213.5k sf transit-oriented office campus in Encino, or $47.85 mil, or $224/sf. Located at 6345 Balboa ...
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• New OC Fabrication Facility Completed for Southland Industries
4/05/19
Southland Industries, one of the largest mechanical, electrical and plumbing (MEP) systems firms in the nation, has completed a new 160k sf fabrication facility in Garden Grove. The project, located at 12131 Western Ave, was ...
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• Tower Investments Pays Over $300/sf for Retail Space at The Harbor Club in San Diego
4/05/19
Tower Investments LLC paid $13.6 mil for the condominium retail spaces at the Harbor Club, a premier residential and retail building located in the heart of Downtown San Diego.The space, totalling 42.8k sf ($318/sf), is locat...
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• Kearny Mesa Multifamily Dev Set to Move Forward with $145 Mil in Financing
4/05/19
Sunroad Enterprises has secured a $145 mil senior loan for the development of Sunroad Centrum Phase 6, a seven-story, 442-unit, Class A multifamily development in San Diego’s Kearny Mesa neighborhood. The project will be the ...
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• San Diego Area Biz Park Traded in $28 Mil Transaction
4/04/19
San Diego-based Fenway Capital Advisors and Waterfall Asset Management acquired Four Points Business Park, a 124.5k sf business park in San Diego’s Kearny Mesa area, for $28.2 mil ($227/sf). The asset ws sold by Brookwood Fin...
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• Branch West Real Estate Partners and The Bascom Group Buy OC Res Development Site
4/04/19
BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at...
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• Retail Property in San Diego’s East Village Goes for $655/sf
4/04/19
A private investor paid $3.8 mil for a 5.8k sf ($655/sf) property leased to Half Door Brewing Co in San Diego’s East Village neighborhood. Located at 903 Island Ave, the property sits in an opportunity zone one block from Pe...
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• Two Pad Buildings at Ontario Retail Center Fetch over $5.6 Mil
4/03/19
Two retail pad buildings totaling 21.6k sf situated at a Walgreens-anchored neighborhood center in Ontario sold in separate transactions worth $5.62 mil. The center, built in 2007, is located at 2645 East Riverside Drive. On...
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• Private Investor Spends $11.6 Mil on Office Building in the San Fernando Valley
4/03/19
A private investor paid $11.6 mil for a 39k sf ($298/sf) office building in the San Fernando Valley community of Sherman Oaks. The property is located at 12925 Riverside Dr, just north of the 101 Fwy and west of Coldwater Can...
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• Two Firms Ink Leases for Renovated 100k sf Facility in Thousand Oaks
4/02/19
We’ve got a couple of recent lease signings totaling about 100k sf to report at Conejo Corporate Campus in Thousand Oaks. These latest deals were with SAGE Publishing, an independent publishing company founded in 1965 in New ...
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• Class A Office Building in Ontario Trades Hands in $9.7 Mil Deal
4/02/19
Premier Investment Enterprises Inc recently acquired a three-story, Class A office building in Ontario for $9.7 mil, or $181/sf. The three-story building, New Pointe Plaza, was sold by MDT Enterprises LLC and Cardinal Equiti...
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• Office Property in San Diego’s Hillcrest Neighborhood Sells for $360/sf
4/01/19
The AIDS Healthcare Foundation purchased a 13.3k sf office building in San Diego’s Hillcrest neighbourhood for $ 4.8 mil ($361/sf). The two-story, freestanding building is located at 3850 Fifth Ave, south of Washington St and...
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• Construction of 212k sf Building 3 at The Center at Needham Ranch in Santa Clarita is Well Underway
4/01/19
Building 3 of The Center at Needham Ranch has officially gone vertical, with the raising of the walls now underway. The project is a development of Trammell Crow Company and Clarion Partners LLC, who will also soon be commenc...
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• Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
4/01/19
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
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• Federal Government Inks $148 Mil Lease of 100k sf Facility in Kearny Mesa for Conversion to a State-of-the-Art VA Outpatient Clinic
4/01/19
The U.S. Federal Government agreed to a 20-year, $148 mil lease of an existing 100k sf facility that will be transformed into a state-of-the-art Veterans’ Administration (VA) outpatient clinic – the only one of its kind in So...
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• Gemalto Cogent Relocates to 55k sf of office space in Northeast Pasadena
4/01/19
Gemalto Cogent Inc signed a long-term lease worth $14 mil for 54.8k sf office space in northeast Pasadena. Gemalto is a biometric identity solutions and digital security company. Gemalto leased the entire second floor along ...
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