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• Adjacent Industrial Buildings in Unincorporated L.A. Generate $13 Mil
4/27/21
Shubin Nadal Realty Investors recently sold two adjacent industrial properties in L.A.’s South Bay area in separate transactions that totaled more than $13 mil. In one of the deals, a 30.1k sf industrial building located at 1...
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• Two San Fernando Valley Multifamily Sales Total over $16 Mil
4/27/21
We’ve got two multifamily property sales to report from the San Fernando Valley. The properties, sold in separate transactions that totaled $16.15 mil, have a combined 55 units.
One of the properties that sold is Buena Vent...
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• Local Investor Pays $252/sf for Warner Center Office Property
4/27/21
Warner Center Business Park, a 53.2k sf, multi-tenant office property in Woodland Hills, sold to a private local investor for $13.4 mil ($252/sf).
Originally built in 1977, the two-story building sits on a 2.94-acre site at...
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• Avanath Capital Management Closes on Second OC Senior Housing Buy
4/26/21
Avanath Capital Management LLC has acquired its second OC senior housing community in less than 90 days. In this latest deal, the firm purchased Overlook at Anaheim Hills, a 261-unit, mixed-income senior apartment community i...
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• Private Investor Pays $283k/Unit for Palm Desert Multifamily Property
4/26/21
Fred Waring Townhomes, a 12-unit res property in Palm Desert, was purchased by a private local buyer for $3.4 mil, or $283k/unit. Located at 73881 Fred Waring Drive, the complex sits near El Paseo Drive, which is a high-end s...
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• Birtcher Anderson & Davis LLC and Belay Investment Group Spend $44.5 Mil on Seven Properties in Southern California
4/23/21
A venture between San Juan Capistrano-based Birtcher Anderson & Davis LLC and Belay Investment Group has recently closed on a $44.5 mil purchase of seven properties in greater Los Angeles and the Inland Empire.
The acquisit...
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• OC Industrial Facility Comps at $236/sf
4/23/21
A 12.5k sf industrial building in the City of Santa Ana sold for $2.955 mil ($236/sf). The building is located at 2509 S Broadway within Orange County’s Airport industrial submarket.
The free-standing, single-story manufact...
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• Long Beach Apartment Comp Works out to $239k per Unit
4/23/21
A 28-unit multifamily property in Long Beach sold for $6.7 mil, or $239k per unit. The asset consists of two buildings are located on two separate parcels at 201-209 E. 12th Street within the historic Willmore City District, ...
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• Work Gets Underway on 117-Unit Senior Living Community in the San Gabriel Valley
4/22/21
Clearwater Living has broken ground on Vistas at Glendora, a 117-unit assisted living and memory care facility in the San Gabriel Valley. The project, being built by R.D. Olson Construction, is expected to be completed in fal...
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• Davenport Partners Makes $7 Mil Office Buy in Corona
4/22/21
Davenport Partners paid $6.95 mil for a 39.4k sf ($177/sf) office building in Corona. Built in 1990, the property is located at 1101 California Ave, just west of I-15 off of Magnolia Ave.
The two-story garden-style office co...
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• Newport Beach Medical Office Building Fetches $1,367/sf
4/21/21
Newport Harbor Medical Plaza, a 30k sf, Class A Medical office building in Newport Beach, was acquired by a private investor in a $41 mil ($1,367/sf) transaction. Completed in 2020, the three-story building is located at 330 ...
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• Two Inland Empire Multifamily Buys Total $4.6 Mil
4/21/21
We’ve got two Inland Empire multifamily sales comps to share. In one, a portfolio consisting of 13 residential units in Bloomington was acquired by a private investor for $2.73 mil ($210k/unit). The assets were sold by a fami...
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• Stirling Capital Investments to Start Work on 820k sf Industrial Facility in Victorville
4/20/21
Stirling Capital Investments will begin construction on a new 820k sf industrial facility at Southern California Logistics Centre (SCLC). The LEED designed facility will serve as a future warehouse and distribution hub for a ...
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• Thousand Oaks Lease by Karting Operator Speeds Up Industrial Activity in the Conejo Valley
4/20/21
K1 Speed, the world’s largest electric indoor karting operator, inked a 10-year, $7.5 mil lease for a 50k sf ($1.25/sf/mo) industrial building in Thousand Oaks. The one-story structure is located at 770 Lawrence, north of the...
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• Two Laguna Beach Multifamily Sales Generate $9.5 Mil
4/19/21
Two Laguna Beach multifamily properties traded hands in separate deals that totaled $9.5 mil. The assets were sold by the same family partnership entity that was represented by Dan Blackwell and Mike O’Neill with CBRE in both...
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• Sterling Bay West and Harrison Street Buy Two Life Sciences Properties in Sorrento Mesa
4/19/21
A joint venture between Sterling Bay West and Harrison Street has acquired two life sciences properties located in Sorrento Mesa, a thriving life science and biotechnology submarket of San Diego. The assets fetched a combined...
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• Anaheim Industrial Building Fetches over $13 Mil
4/19/21
A 50.6k sf industrial building at 1480 N. Hancock St in Anaheim sold for $13.1 mil ($259/sf). The buyer was Moriel Real Estate LLC, who also owns an adjacent building.
Situated on two and one-half acres, 1480 N. Hancock Stre...
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• Atlas Capital Group Begins Redevelopment Work on Pasadena Office Property
4/16/21
Atlas Capital Group LLC has started work on the redevelopment of a five-story, 320k sf Class A office building in Pasadena. The project, located at 101 South Marengo Ave, is scheduled for completion in the first quarter of 2...
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• Bridge Investment Group Pays $43 Mil for La Mesa Multifamily Property
4/16/21
Bridge Investment Group, out of Salt Lake City, purchased The Cove, a 133-unit multifamily property in La Mesa, for $43.25 mil, or $325k per unit. The apartment complex, located at 7400 Parkway Dr, was sold by IEC.
Built in ...
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• Stream Realty Partners Buys 49k sf OC Retail Center
4/15/21
Stream Realty Partners acquired a 49.3k sf, grocery-anchored shopping center in Santa Ana. The property, located at 2360 N Tustin Ave, had previously been owned by two private owners for the past 50 years.
Stream acquired bo...
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