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• Hanley Investment Group Real Estate Advisors Raises $33k for Movember
12/12/22
Hanley Investment Group Real Estate Advisors raised $33,265 for Movember. The company’s theme this year was “Taking Care of Business to Support Men’s Mental and Physical Health,” and represents Hanley Investment Group’s 12th ...
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• Hospitality Reuse Property in Downtown L.A. Sells for $18 Mil
12/12/22
An adaptive reuse hospitality redevelopment site in downtown Los Angeles traded hands for $18 mil. The property, located at 124 E. Olympic Blvd, in the heart of the DTLA’s emerging Fashion District submarket, was sold by Jami...
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• Work Started on Res Community in San Pedro Waterfront Arts District
12/12/22
Construction recently got underway on Vivo on Harbor, a new waterfront residential community in Los Angeles. Located in the San Pedro Waterfront Arts District neighborhood at the gateway to the Port of Los Angeles, the projec...
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• Adjacent Single-Tenant Retail Properties in Riverside Trade in $4.22 Mil of Deals
12/12/22
Two adjacent single-tenant retail properties in downtown Riverside were purchased by private investors in separate deals totaling $4.22 mil. The buildings, located at 3940 and 3980 University Ave, have a combined 5.75k sf of ...
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• Inland Empire Industrial Facility Acquired for $59 Mil by Ares Management Fund
12/12/22
A 205.6k sf industrial building in the Inland Empire city of Perris was purchased for $59.275 mil ($288/sf) by a fund managed by Ares Management. The facility is fully leased to GPA Logistics.
Built in 2022, the facility is...
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• Res Property in Signal Hill Sells for $389k/Unit
12/09/22
A 24-unit apartment property in the city of Signal Hill sold for $9.325 mil, or $389k/unit. The property is located at 1867 Temple Ave, just north of Pacific Coast Hwy. The buyer plans to complete renovations on units that ha...
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• Stos Partners Buys One Industrial Facility and Sells Another in Deals Totaling Almost $35 Mil
12/09/22
Stos Partners has closed two industrial deals totaling $34.85 mil. The transactions consist of an 86.7k sf acquisition in Escondido and an 82.5k sf disposition in Phoenix. The transactions bring the firm’s total 2022 deal vol...
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• Private Investors Trade 237-Unit Visalia Multifamily Property in $50 Mil Deal
12/09/22
Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, was purchased by a SoCal-based private investor in a recent $50 mil ($211k/unit) transaction. The asset was fully occupied at time of sale.
Built...
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• 21-Acre Industrial Property in Imperial County, CA Trades for Over $4 Mil
12/08/22
A 21.3-acre industrial site in Holtville, CA was purchased by an unnamed owner/user in a $4.2 mil deal. The property is located at 2255 Melon Rd, 10 miles east of El Centro and just north of the U.S./Mexico international bord...
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• DivcoWest Picks Up 130k sf Office Building in San Diego
12/07/22
DivcoWest has obtained $40 mil in financing for the acquisition of Northridge Summit, a 129.9k sf, Class A office building in San Diego.
Completed in 2000, Northridge Summit is fully leased to an AA+ credit technology tenant...
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• Preservation Equity Fund Advisors LLC Buys 91-Unit Affordable Housing Community in San Diego
12/07/22
Preservation Equity Fund Advisors LLC (PEF Advisors) paid $20 mil for Alcove East Village (formerly known as Nook East Village), a 91-unit affordable apartment community for individuals and veterans located in San Diego.
“S...
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• Owner/User Pays $300/sf for Escondido Medical Office Project
12/07/22
A 27k sf, freestanding office/medical project in Escondido was purchased for $8.1 mil ($300/sf) by The Elizabeth Hospice, an owner/user. The two-story property is located at 800 W Valley Pkwy, just east of I-15.
The Elizabet...
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• EDENS Picks Up LA. County Retail Portfolio for $136 Mil
12/06/22
EDENS has acquired a portfolio of three grocery-anchored shopping centers comprising over 400k sf in Los Angeles County for a price of $136.8 mil, or around $340/sf. The properties were sold by Combined Properties Inc.
One o...
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• Inland Empire Distribution Facility Trades in $220 Mil Deal
12/06/22
A 760k sf warehouse facility in the western Inland Empire city of Eastvale traded in a $220 mil ($290/sf) transaction. The property, situated on roughly 43 acres at 13000 Mission Blvd, was purchased by New Jersey-based NFI In...
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• Kearny Mesa Office Building Fetches Over $400/sf
12/06/22
An 18.4k sf office building in San Diego’s Kearny Mesa area was purchased by a private investor in a recent $7.5 mil ($412/sf) deal. The property is located at 5657 Copley Dr, east of I-805 and south of the 52 Fwy.
The two-s...
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• CapRock Partners Building 270k sf Industrial Facility in Pomona
12/06/22
CapRock Partners has obtained $50 mil in construction money for the construction of a 269.7k sf industrial facility in Pomona. Greg Brown, Peter Thompson and Sam Godfrey with JLL Capital Markets arranged the non-recourse cons...
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• North San Diego County Office Portfolio Gets New Owner in $14 Mil Deal
12/05/22
A 70.3k sf, multi-tenant Class A office portfolio in the San Diego County cities of Vista and Carlsbad were acquired by Wimatex Inc in a $13.94 mil deal. Located at 1800 Thibodo Rd and 1959 Palomar Oaks Way, the two-building ...
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• Carlsbad Retail Asset Sells for $976/sf
12/05/22
A San Diego-based private investor purchased the 4.6k sf, 100% occupied multi-tenant retail center located in the heart of the Carlsbad Village area, for $4.475 mil ($976/sf). The property is located at 711 Grand Ave, less th...
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• Pilot Air Freight Leases 48k sf of Industrial Space in Compton
12/02/22
Pilot Air Freight LLC recently inked a 62.5-month lease worth $7 mil for 48k sf ($2.33/sf/mo) of industrial space in Compton. The deal is within a 96k sf facility owned by IDI Logistics at 1700 Walnut Pkwy, north of the 91 Fw...
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• San Fernando Valley 7-Eleven Property Sells for $1,840/sf
12/02/22
A 2.5k sf convenience store and full-size service station property net leased to 7-Eleven in the west San Fernando Valley community of Chatsworth traded hands in a $4.6 mil ($1,840/sf) deal.The 7-Eleven is located at 9108 De ...
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