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August 9, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
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• Investor Pays over $5 Mil for San Diego Industrial Showroom
1/13/20
A 22.7k sf, industrial showroom building in San Diego’s Miramar area sold for $5.14 mil ($226/sf). The building is located at 8185 Camino Santa Fe, north of Miramar Rd and east of I-805. 8185 Camino Santa Fe is a freestandin...
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• Renovation of Rancho Cucamonga Building Creates Modern, Two-Story Office Space
1/13/20
An office property located at 9494 Haven in the city of Rancho Cucamonga has undergone an extensive renovation that has transformed what was a single-story, 32k sf building, originally constructed in 2004, into a modern, 61k ...
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• Quantasy Inks Lease in L.A.’s Arts District
1/13/20
Advertising agency Quantasy signed a five-year lease for 13.5k sf of space in the Arts District in Downtown Los Angeles, expanding its footprint in the burgeoning area. The lease value was not disclosed. The property, locate...
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• City of Industry Warehouse Property Trades in $38.5 Mil Sale/Leaseback
1/10/20
EverWest Real Estate Investors LLC acquired a 181.7k sf industrial warehouse property in the City of Industry in a sale-leaseback transaction valued at $38.5 mil. The deal included a 10-year leaseback with the property seller...
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• Mission Valley Retail Center Goes for $434/sf
1/10/20
A local, private buyer has purchased Las Cumbres Square, a 12.8k sf retail center in San Diego’s Mission Valley, for $5.55 mil ($434/sf). Located at 6110-6120 Friars Rd, the property was originally built in 1978 and was remod...
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• Renovation Wrapped Up at San Diego Area Office Building
1/10/20
Renovation work has been completed at 1450 Frazee Road, a seven-story, 140.5k sf Class A office building in the Mission Valley area of San Diego. 1450 Frazee can accommodate users ranging from 1.7k sf to over 18.5k sf on the ...
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• OC Outback Steakhouse Property Sells for Over $1,000/sf
1/09/20
A private investor paid $6.625 mil for the ground lease of a single-tenant, 6.2k sf property in Orange County fully occupied by Outback Steakhouse. Located on a .54-acre site at 12001 Harbor Blvd, along Restaurant Row near Di...
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• Two SoCal Retail Centers Refinanced in Transactions Totaling $31 Mil
1/09/20
Cantor Commercial Real Estate has refinanced two SoCal neighborhood retail centers with loans totaling $31 mil. Westlake Village Marketplace, in Westlake Village, was refinanced with an $18 mil loan, and Aliso Viejo Plaza, in...
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• Bliss Point Media Takes 10k sf of Space in Downtown Santa Monica
1/08/20
Bliss Point Media, a video advertising firm, has leased 10.5k sf of space at a mixed-use property with ground-floor retail space in downtown Santa Monica. Terms of the lease were not disclosed. The four-story property, loca...
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• Initial Res Apartments Offered for Lease at Ventura Mixed-Use Development
1/08/20
The initial 56 res units have been made available for lease at Port Ventura Harbor, the largest mixed-used waterfront development of its kind on the West Coast. The culmination of nearly two decades of planning, at buildout i...
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• Victorville Retail Center Trades in $15.8 Mil Transaction
1/07/20
Hi Desert Plaza, a 104k sf retail center located at 12160 Hesperia Rd in Victorville, at the northwest quadrant of Bear Valley Rd and Hesperia Rd, was acquired by a T-I-C partnership between two limited liability companies co...
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• Two Commercial Condos in Carlsbad Fetch Nearly $2 Mil
1/07/20
Two commercial condominiums in Carlsbad sold for a total value of $1.944 mil. The two properties are located at 6106 and 6142 Innovation Way, within the Towers at Bressi Ranch at the Bressi Ranch Corporate Center. 6106 Inno...
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• Redcar Properties Buys 76k sf Creative Office Campus in Culver City
1/07/20
Redcar Properties has purchased Westside Business Park, a Class A creative office campus located at 10301–10395 Jefferson Blvd in Culver City. The price was around $73.5 mil. Westside Business Park, which was 93.4% leased at...
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• BAG Investments Spends $62.5 Mil on Santa Clarita Multifamily Community
1/06/20
Culver City-based BAG Investments purchased Monterra Ridge Apartments, a 232-unit residential community in Santa Clarita, for $62.5 mil ($269.4k/unit). The property was sold by Gelt Inc. Built in 1985, Monterra Ridge is loc...
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• Walgreens-Occupied Ground Lease in the Inland Empire Sells for $2.9 Mil
1/06/20
A private investor from Newport Beach paid $2.9 mil for the ground lease of a 13.9k sf, single-tenant retail property in San Bernardino. The property is occupied by Walgreens on an absolute, triple-net corporate guaranteed le...
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• Healthpeak Properties to Start Work on 195k sf Lab / Office Campus in Torrey Pines
1/06/20
Healthpeak Properties has broken ground on The Boardwalk, a 195k sf, Class A lab and office campus in Torrey Pines. Healthpeak, an Irvine-based REIT, owns more than 25 msf of R&D and office buildings throughout the U.S. Loca...
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• Temecula Industrial Asset Trades in $9.35 Mil Deal
1/06/20
Kiwi II Construction paid $9.35 mil for a 102.3k sf ($91/sf), industrial distribution/warehouse building in Temecula. The property, located at 40761 County Center Dr, was sold by Hill Properties/Rustica-Hill Temecula LLC. Bu...
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• Vista Industrial Building Sells for $4.5 Mil in Year-End Buy
1/06/20
A free-standing, 22.4k sf industrial building in Vista traded for $4.5 mil, or $199/sf. The building, located at 1330 Park Center Dr, was acquired by Sunny Harvest LLC. The building was partially occupied by Thirty-Three Thr...
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• Hankey Investment Company Entity Acquires Equity Share of Luxury Res Development in L.A.’s Koreatown
1/03/20
A group led by Hankey Investment Company has acquired Cityview’s equity share of The Pearl on Wilshire – a luxury mixed-use development in Los Angeles’ Koreatown – in a transaction with a total asset value of $171 mil. Cityvi...
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• Lancaster Office Asset Trades for $270/sf
1/02/20
A 22.8k sf multi-tenant office building in Lancaster sold for $6.15 mil, or $270/sf. The building, Ionian Plaza, is located at 42225 10th Street W. Built in 2004, the single-story multitenant office building is situated on a ...
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