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October 18, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
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•  Senior Housing Development Planned for Los Angeles’ Koreatown Neighborhood
4/12/19
Meta Housing Corporation and Western Community Housing have formed a joint venture to develop Vermont Corridor Apartments, a six-story, transit-oriented senior and permanent supportive housing multifamily community in Los Ang...
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• Land Site in Fontana Sells for $666k/Acre
4/12/19
A 7.42-acre site in Fontana sold for $4.945 mil, or about S666k/acre. The land is located at 16655 Valley Blvd and 16606 Washington Dr. The property at 16655 Valley Blvd included 6.8 acres on a hard corner location with fla...
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• Stockdale Partners Waiting for Approval for Redevelopment of Retail Space in Downtown San Diego
4/11/19
Stockdale Capital Partners’ planned The Campus at Horton will create a vibrant mixed-use high-tech office, lifestyle retail and food & beverage experience in the heart of downtown San Diego. The project, still waiting on appr...
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• Cultural Landmark Building in Downtown L.A. Refinanced with $16 Mil Loan
4/11/19
Duns Capital has obtained a $16 mil cash-out loan on a recently converted seven-story, mixed-use property in Downtown Los Angeles’ Fashion District. The permanent debt financing took out an existing floating rate loan and was...
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• CenterPoint Properties Awards Leasing for 1.1 msf OC Facility to CBRE
4/11/19
CenterPoint Properties has awarded the leasing assignment for a 1.1 msf, revamped industrial building in Buena Park, at the northwestern edge of Orange County, to CBRE. Located at 6800 Valley View, the massive industrial spa...
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• Chatsworth Industrial Building Trades for Just Under $10 Mil
4/10/19
A 55k sf industrial building in Chatsworth sold for $9.65 mil, or $175/sf. The property is located at 9240 Jordan Ave, north of Nordhoff St and east of Topanga Canyon Blvd. It was acquired by Allsale Electric, a division of ...
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• Vacant Office Property in El Segundo Sells for $564/sf
4/10/19
A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delive...
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• Multi-Tenant Retail Center in Oceanside Hits the Market with $20.6 Mil Asking Price
4/09/19
Here’s news of a five-tenant, 65.7k sf open-air shopping center in Oceanside that was just put on the market. The asset, Best Plaza, includes a new 20-year Jack in the Box ground lease. The asking price is $20.59 mil. Opened...
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• Low-Income Senior Housing Project in Lancaster Sells for $8.65 Mil
4/09/19
Aurora Village Apartments, a 132-unit, low-income senior housing project located in what is envisioned to become Lancaster’s Medical Main Street, has traded for $8.65 mil, or $65.5k/unit. The community sits on 3.4 acres at 4...
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• Luxury Res Project Opens in L.A.’s Miracle Mile District
4/09/19
The Mansfield at Miracle Mile, a new mixed-use project in L.A.’S Miracle Mile area, has opened to the public. The project, located at 5100 Wilshire Blvd, a block away from the future Purple Line Station at Wilshire and La Bre...
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• HBO Leases 240k sf at Ivy Station Project in Downtown Culver City
4/08/19
HBO inked a long-term deal for the 240k sf of office space at the Ivy Station mixed-use, campus development in Culver City. HBO intends to use the space as its West Coast corporate HQ, relocating from its current space at Col...
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• San Fernando Valley Movie Production Property Trades for $181/sf
4/08/19
Movie Tech Studios, an 8.9k sf movie production studio property in Van Nuys, sold for $1.6 mil, or $181/sf. The property is located at 14737 Arminta St, west of Van Nuys Blvd and south of Roscoe Blvd. For over 61 years Movie...
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• Harbor Associates Closes $48 Mil Office Buy in the San Fernando Valley
4/08/19
In a recent office buy in the San Fernando Valley, Harbor Associates LLC has acquired Encino Office Park, a four-building, 213.5k sf transit-oriented office campus in Encino, or $47.85 mil, or $224/sf. Located at 6345 Balboa ...
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• New OC Fabrication Facility Completed for Southland Industries
4/05/19
Southland Industries, one of the largest mechanical, electrical and plumbing (MEP) systems firms in the nation, has completed a new 160k sf fabrication facility in Garden Grove. The project, located at 12131 Western Ave, was ...
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• Tower Investments Pays Over $300/sf for Retail Space at The Harbor Club in San Diego
4/05/19
Tower Investments LLC paid $13.6 mil for the condominium retail spaces at the Harbor Club, a premier residential and retail building located in the heart of Downtown San Diego.The space, totalling 42.8k sf ($318/sf), is locat...
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• Kearny Mesa Multifamily Dev Set to Move Forward with $145 Mil in Financing
4/05/19
Sunroad Enterprises has secured a $145 mil senior loan for the development of Sunroad Centrum Phase 6, a seven-story, 442-unit, Class A multifamily development in San Diego’s Kearny Mesa neighborhood. The project will be the ...
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• San Diego Area Biz Park Traded in $28 Mil Transaction
4/04/19
San Diego-based Fenway Capital Advisors and Waterfall Asset Management acquired Four Points Business Park, a 124.5k sf business park in San Diego’s Kearny Mesa area, for $28.2 mil ($227/sf). The asset ws sold by Brookwood Fin...
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• Branch West Real Estate Partners and The Bascom Group Buy OC Res Development Site
4/04/19
BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at...
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• Retail Property in San Diego’s East Village Goes for $655/sf
4/04/19
A private investor paid $3.8 mil for a 5.8k sf ($655/sf) property leased to Half Door Brewing Co in San Diego’s East Village neighborhood. Located at 903 Island Ave, the property sits in an opportunity zone one block from Pe...
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• Two Pad Buildings at Ontario Retail Center Fetch over $5.6 Mil
4/03/19
Two retail pad buildings totaling 21.6k sf situated at a Walgreens-anchored neighborhood center in Ontario sold in separate transactions worth $5.62 mil. The center, built in 2007, is located at 2645 East Riverside Drive. On...
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