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• Investor Buys 15k sf Studio City Property
12/02/22
A private LLC investor has purchased a 15k sf property located at 12318 Ventura Blvd in Studio City. The two-story structure is fully leased to Sit N Sleep, who has been a tenant for 11 years. The current lease terminates in ...
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• Newport Beach Res Community Undergoes Extensive Interior and Exterior Renovations
12/01/22
Interior and exterior renovations have been completed at Vercanta Newport Beach Apartments, a 147-unit, two-story, garden style multifamily community located in Newport Beach. The property is located at 1561 Mesa Dr, just so...
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• Work Started on 2.25 msf Logistics Campus in Calimesa
11/30/22
Construction is underway on Birtcher Oak Valley Commerce Center, a four-building, 2.25 msf Class A logistics project being built by Birtcher Development in Calimesa, CA. The state-of-the-art distribution campus is designed to...
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• Advanced Real Estate Buys 90-Unit Res Asset in Orange County
11/30/22
Irvine-based Advanced Real Estate has acquired Foxborough Apartments, a 90-unit multifamily complex in the city of Orange, in a $41.5 mil ($461k/unit) transaction. The property, located at 501 E. Katella Ave, was sold by UDR....
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• Four-Building Industrial Park in City of Industry Goes for Over $300/sf
11/29/22
A four-building, 95.7k sf freestanding industrial park in City of Industry was purchased by Newport Beach-based Focus Real Estate and their joint venture equity partner Long Wharf Capital, in a $30.75 mil ($321/sf) transactio...
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• Apartment Building in L.A.’s Echo Park area Trades for $380k/Unit
11/28/22
A 10-unit apartment property located in L.A.’s Echo Park area sold for $3.8 mil, or $380k/unit. Built in 1966, the property is located at 1330 Portia St and is subject to Los Angeles rent control.
The property consists of on...
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• Private Investor Spends $11.25 Mil on Palm Springs Affordable Housing Community
11/28/22
Sunnyview Villa Apartments, a 44-unit garden-style multifamily community in Palm Springs, was purchased by a California-based affordable housing investor for $11.25 mil ($255.7k/unit). Built in 1980, the property is located a...
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• Crown Point Systems Spends $7.4 Mil on San Diego Medical Office Property
11/23/22
Crown Point Systems Inc has acquired Loma Starr, a two-building office/medical project totaling 28.6k sf in San Diego, for $7.4 mil ($259/sf). The two-story buildings are located at 3051-3055 Rosecrans St and 3065 Rosecrans P...
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• Northland Closes $500 Mil Res Buy in Downtown L.A.
11/23/22
In a recent multifamily asset trade, Northland purchased THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multi-housing community located in Downtown Los Angeles, for $504 mil. The 59-story res high-rise was sold by a ...
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• Buyers Pick Four Up Former Sears Sites in California
11/22/22
Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
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• Westport Properties to Develop 100k sf Inland Empire Industrial Facility
11/22/22
Westport Properties plans to build a 99.9k sf, Class A industrial building in the Inland Empire city of Perris. The company acquired the land in September 2022. It is located at the corner of Ramona Expy and Brennan Ave.
W...
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• Universe Holdings Refis 56-Unit Res Property in La Mesa
11/18/22
Universe Holdings has secured a $10.75 mil refi loan on Chateau Spring Terrace, a 56-unit multi-housing community located in La Mesa. The ten-year, fixed rate loan was arranged by Charles Halladay, Jonah Aelyon, Jolie Zhou an...
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• Fully Leased Neighborhood Center in Chino Goes for $8.4 Mil
11/18/22
Chino Village, a 20.6k sf neighborhood retail center in Chino, sold for $8.4 mil. The sale included approximately 2.5 acres of undeveloped land with flexible zoning.
Built in 1984, Chino Village is 100% leased. It is locate...
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• Corp HQ Facility on Poway Goes for Near $14 Mil
11/17/22
An unnamed investor paid $13.9 mil for a 37.5k sf, ($371/sf) corporate headquarters and manufacturing facility in the central San Diego County city of Poway. The property is located at 13955 Stowe Dr, east of I-15 and just no...
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• Santa Monica Mixed-Use Building Goes for Over $600/sf
11/17/22
A 15.1k sf mixed-use building in Santa Monica traded hands in a $9.25 mil ($613/sf) transaction. The building, located at 1617 Broadway, was constructed in 2002 and recently remodeled.
Located half a mile from the beach, th...
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• The Ratkovich Company and Jerico Development Inc Secure $35 Mil for Construction of San Pedro Waterfront Retail Development
11/17/22
A venture between The Ratkovich Company and Jerico Development Inc is developing a 42-acre, multi-tenant retail center at the former site of Ports O’ Call Village in San Pedro. The transformative project, West Harbor, is now ...
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• Office Property in L.A.’s SoRo Neighborhood Lands New Owner in $6 Mil Deal
11/16/22
A 14.3k sf office property in the South Robertson neighborhood of Los Angeles was purchased for $6 mil ($420) by a non-profit user. The unique property includes two adjacent parcels of land at 1818 and 1824 South Robertson Bl...
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• Spate of Recent Leases Brings San Diego Office Building to 60% Leased
11/16/22
There have been nine new leases totaling 26k sf of space over the last 18 months at 4250 Pacific Hwy in San Diego. The transactions bring the building to 60% leased and have a combined value of roughly $4 mil.
The two-story,...
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• Workforce Housing Project in L.A.’s Mid-City Area Expected to Finish Up in Spring 2023
11/15/22
A new 123-unit workforce housing project in Los Angeles’ mid-city area is underway and expected to wrap up construction in spring 2023. The development, Liv on Pico, will provide much-needed housing adjacent to Culver City an...
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• New Medical Office Building in Encinitas Nearing Completion
11/15/22
Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
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