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• Former Resort Property in Palm Springs Sells for $4.75 Mil
2/27/24
Tuscany Manor resort in Palm Springs was purchased for $4.75 mil by a private investor who will turn the property into a premier apartment community. Built in 1956, the property is located at 350 West Chino Canyon Rd, two mil...
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• Culver City Office Building Acquired by Owner/User
2/26/24
A vacant 27.1k sf office building located in Culver City was acquired by an unnamed owner/user in a recent transaction. The property is located at 5995 Sepulveda Blvd, just south of the 90 Fwy and adjacent to the east side of...
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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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• Long Beach Multifamily Property Fetches $337k/Unit
2/22/24
An eight-unit multifamily property in Long Beach sold for $2.7 mil ($337.5k/unit) in the asset’s first trade since it was built nearly 40 years ago. Built in 1985, the 8.4k sf apartment building is located on a 6k sf lot at 2...
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• Bolour Associates Buys Neighborhood Retail Center in L.A.’s Mid-City Area
2/22/24
Bolour Associates Inc has acquired a 7.5k sf neighborhood retail strip center in Los Angeles for $4.45 mil ($593/sf). The center is located at 5151 W. Pico Blvd, within the Mid-City submarket, just east of Fairfax Ave.
The p...
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• Murray Company Pays $19 Mil for OC Office Building in Owner/User Purchase
2/22/24
Murray Company purchased a 104.7k sf, Class A office property in the OC city of Cypress for $19 mil ($181/sf). Originally built in 1986, the property is located at 5995 Plaza Dr, north of Katella Ave and adjacent to the west ...
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• Newly Constructed Chase Bank Building in Bakersfield Sells for Over $800/sf
2/21/24
A newly constructed, 3.6k sf single-tenant property occupied by Chase Bank with a drive-thru ATM in Bakersfield traded hands in a $2.93 mil ($814/sf) transaction. Chase is on an absolute triple-net ground lease.
Constructed ...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• Residents are Moving into New Kennedy Wilson Master-Planned Res Community in Camarillo
2/21/24
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in. The development consists of 310 market-rate apartments, 109 for-sale homes, 170 i...
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• Riverside Multi-Tenant Retail Asset Lands $12.8 Mil Refi
2/20/24
A 99k sf, grocery anchored retail property within the Citrus Landing retail center in Riverside was refinanced with a new permanent loan for $12.8 mil. The property, located at 7200 Arlington Ave, is anchored by Stater Bros, ...
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• Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Here’s news of an interesting mixed-use listing in downtown San Diego. The property is a four-story, 18.2k sf building with three floors of creative office space above a ground floor restaurant and brewery.
The building, con...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
2/19/24
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil.
Built in 2022, the property is located at 5501-5513 Laur...
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• Iconic Theater Property in L.A.’s Westwood Village Trades
2/16/24
Here’s news of an interesting property trade we wanted to share, even though we don’t have that much info, although we do have this cool drone pic. The property is the iconic Fox Village Theatre, located at 945 Broxton Ave an...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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• Apartment Property in L.A.’s Koreatown Trades for $200k/Unit
2/14/24
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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• Gaming Firm Com2uS Inks Deal for Hollywood Office Space
2/13/24
In Hollywood, Com2uS agreed to a long-term lease for 12k sf of office space at Kilroy Realty’s Sunset Media Center, an innovative vertical office campus located at 6255 West Sunset Blvd. The company, a mobile gaming firm, wil...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
2/12/24
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• Ontario Industrial Facility Leased in $8.8 Mil transaction
2/08/24
A 102.9k sf, freestanding Class A industrial property in Ontario was leased in a four-year, $8.79 mil transaction. The deal averages out to $1.78/sf/mo.
Located on 4.7 acres at 5505 E. Concours St, the facility was built in ...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
2/07/24
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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