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July 25, 2021
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SOUTHERN CALIFORNIA NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  586
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• Space Investment Partners Begins Redevelopment of Costa Mesa Retail/Office Property
6/11/21
Space Investment Partners has begun a major, multi-million-dollar redevelopment of, a 59k sf, mixed-use retail and office property located at 2651-2675 Irvine Ave in Costa Mesa. The firm acquired the property in 2019. The ...
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• Trammell Crow Company and Clarion Partners LLC Start Work on Spec Logistics Project in the Inland Empire
6/11/21
The Newport Beach Business Unit of Trammell Crow Company (TCC) and its JV partner, Clarion Partners LLC, have started construction on Knox Logistics VII, a state-of-the-art, 1.1 msf speculative Class A logistics building. The...
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• Alere Property Group Starts Work on 211k sf Ontario Warehouse Development
6/10/21
Alere Property Group is underway with development at 1656 S. Cucamonga Ave, a Class A, 211k sf spec industrial warehouse in Ontario. At completion, the project will feature 40-foot clear height and 5k sf of two-story office s...
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• Two San Diego Industrial Assets Traded in Deals Totaling $7 Mil
6/10/21
Two industrial properties in San Diegoís Otay Mesa submarket have sold for a combined price of $7.03 mil. One of the properties is located at 2312 Marconi Place and sold to a local investor for $6.22 mil. The 4.63-acre indu...
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• CarMax Buys Six-Acre Site in Victorville
6/09/21
A six-acre site at Desert Oasis Plaza in Victorville was acquired by CarMax Auto Superstores California LLC. Terms of the transaction were not disclosed. Desert Oasis Plaza, located at the southeast corner of Roy Rogers and...
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• Rexford Industrial Realty Closes on $68 Mil of SoCal Acquisitions
6/09/21
Rexford Industrial Realty purchased five industrial properties comprising 79.3k sf of improvements on 18.8 acres of land for combined price of $68.1 mil. The company also sold one industrial property for $8.2 mil. The acquisi...
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• Crown Associates Realty Buys 122k sf of Industrial Space in Huntington Beach
6/09/21
Crown Associates Realty, out of Beverly Hills, recently purchased two fully leased industrial buildings totaling 122.3k sf in Huntington Beach. The price was not given out. One of the properties is a 60.9k sf building situat...
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• Western Realco and RREEF Purchase 222k sf of OC Office Buildings for Land Value
6/08/21
A joint venture of Western Realco and RREEF purchased four office buildings totaling 222k sf on approximately 13 acres in Lake Forest. The properties were acquired on a land basis with the intent to redevelop them into new hi...
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• Jen-Weld Leases 100k sf Facility in Vista
6/08/21
Jen-Weld signed a long-term lease valued at $11.3 mil for a 103k sf, single-tenant industrial building in Vista. The property, located at 2633 Progress St, is owned by Wilco Investments LLC. Built in 2010, the facility featu...
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• Gelsonís to Anchor New West L.A. Mixed-Use Development
6/07/21
Gelsonís, one of Californiaís more upscale supermarket chains, has signed a long-term lease to become the retail anchor tenant at West Edge, Hinesí transformative, transit-oriented, mixed-use development at the northwestern c...
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• Protea Properties Closes on $47 Mil of San Diego Commercial Real Estate
6/07/21
Protea Properties LLC purchased five San Diego-area commercial properties totaling 231.9k sf in a $47 mil transaction. Four of the properties are located in Chula Vista and one office building in Mission Valley. This portfo...
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• South OC Office Campus Trades in $40 Mil Transaction
6/04/21
Kingsbarn Real Estate Capital closed on a South Orange County office buy, paying $40.45 mil for Palm Terrace, a 155.8k sf ($260/sf), Class A office campus in Lake Forest. The asset, consisting of three two-story office buildi...
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• Unilev Capital Buys Santa Monica Oceanfront Retail Asset
6/04/21
Unilev Capital acquired Waverly and Seychelle, a 19.7k sf, oceanfront retail condo interest that is part of a larger, 158-unit condominium development project in Santa Monica. The property was sold by institutional investors ...
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• Hauser & Wirth Leases West Hollywood Building
6/04/21
Hauser & Wirth, a world-renowned art gallerist headquartered in Zurich, Switzerland, inked a 10-year lease for a 10.8k sf building in West Hollywood. The lease value was not disclosed. Hauser & Wirth will occupy the entire b...
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• Whittier Retail Property Goes for Almost $12 Mil
6/03/21
A 33k sf, dual-tenant retail property in Whittier traded for $11.95 mil, which works out to $361 per square foot and a cap rate of 5.42%. Located across from an Amazon Fresh grocery store and surrounded by retailers such as T...
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• Anaheim Res Property Goes for $332k/Unit
6/02/21
A 14-unit multifamily property in Anaheim sold for $4.65 mil ($332k/unit). It was traded between two private investors. The property, located at 129 S. Olive St, sits in the prime area of Downtown Anaheim and is just steps a...
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• Sheraton Park Hotel in Anaheim is Undergoing a Renovation
6/01/21
Taconic Capital Advisors LP has begun work on a remodel of the Sheraton Park Hotel at the Anaheim Resort, a 498-room hotel within walking distance to Disneyland Resort that the firm just recently acquired. The renovation work...
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• Pasadena Retail Property Sells for $490/sf
5/31/21
A 10.2k sf retail property in Pasadena sold for $5 mil, or $490/sf. The property is located at 400 S. Fair Oaks on the northeast corner of S. Fair Oaks Ave and E. Bellevue Drive. The site features over 450 feet of combined st...
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• Creative Office Project in L.A.ís West Adams Area Lands $55 Mil in Financing
5/31/21
The Luzzatto Company has obtained senior and mezzanine construction financing totaling $54.73 mil for the development of The Depot, a 107.2k sf, 1.5 acre creative office campus in the West Adams micro market of Los Angeles. T...
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• Premier Workspaces to Open a New Location in Upland
5/27/21
Harbor Associates has selected Premier Workspaces to operate its 20.2k sf flexible workspace at Stewart Plaza, located at 400 and 440 North Mountain Avenue in the city of Upland. Located just south of Foothill Blvd/Route 66 a...
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