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March 29, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  |  3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  654
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• Industrial Facility in L.A.’s Arts District Sells for $620/sf
1/11/24
A 7.1k sf industrial warehouse property in the heart of Los Angeles’ Arts District sold for $4.4 mil ($620/sf). The asset was acquired by a premium developer, manufacturer, and distributor of branded apparel and other merchan...
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• Chestnut Properties lands $91 Mil in Construction Money for El Cajon Industrial Project
1/10/24
Chestnut Properties has obtained $91 mil construction money for the development of a modern, 386.3k sf spec industrial building in El Cajon. The project, Gillespie Field iPark, will be located at 1756 Weld Blvd and has a targ...
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• EQT Exeter Buys 202k sf Industrial Project in Chula Vista
1/10/24
EQT Exeter purchased Heritage Industrial Center, a three-building, 202.8k sf industrial project in Chula Vista. The project, covering 11.57 acres, was sold by Rockefeller Group. The deal marks the second transaction between ...
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• Harbor Associates and Taconic Capital Collect $26.75 Mil from Sale of 115k sf San Bernardino Office Building
1/09/24
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors LP, has sold a 115.5k sf, Class A office building in a deal that represents the third and final transaction in a five-property $69.85 mil office portfoli...
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• Palm Springs Multifamily Property Sells for $220k/Unit
1/09/24
In a multifamily sales comp from Palm Springs, Highland Apartments, a 15-unit property, traded for $3.3 mil, or $220k/unit. Highland Apartments is located at 540-570 Highland Dr, just west of California State Route 111, and...
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• Rexford Industrial Realty Ends 2023 with Two SoCal Buys and One Disposition
1/08/24
Rexford Industrial Realty Inc recently acquired two industrial property investments for an aggregate purchase price of $69.5 mil and sold one property for $11.3 mil. The acquisitions were funded using proceeds from forward eq...
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• Fullerton Biz Campus Property Trades for $227/sf
1/05/24
HK Ventures Inc paid $19.45 mil for Cedarwoods Business Park, an 85.7k sf ($227/sf), multi-tenant business park in Fullerton. The five-building property sits on almost five acres at 2461-2495 E. Orangethorpe Ave. Cedarwoods ...
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• University of California Acquires Former Westside Pavilion from Hudson Pacific Properties and Macerich in $700 Mil Deal
1/04/24
By Allen Wolfsheimer The Regents of the University of California acquired One Westside and Westside Two in Los Angeles from Hudson Pacific Properties and Macerich in a $700 mil transaction. Hudson Pacific held a 75% interest...
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• TailoredSpace Announces Plans to Open Multiple New Coworking Campuses Across California in 2024
1/03/24
On the heels of opening their latest coworking location in San Juan Capistrano, the founders of TailoredSpace have announced plans to nearly double their portfolio in 2024, opening up to eight new coworking spaces in Californ...
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• San Diego Apartment Comp Works Out to $425k/Unit
1/02/24
In an end-of-year multifamily sales comp from a San Diego, a six-unit property in the city’s North Park neighborhood traded for $2.55 mil, or $425k/unit. The 3.5k sf property is situated on a 9.4k sf lot located at 3687-369...
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• Advanced Real Estate Closes Out 2023 with $234 Mil OC Multifamily Buy
12/29/23
Advanced Real Estate closed out the year with the purchase of a 714-unit multifamily community in Orange County in what we’re told stands as the largest single apartment property to sell in Southern California in all of 2023....
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• Owner/User Pays Over $500/sf for Irvine Building
12/28/23
E&N Highpoint LLC has acquired a two-story, 6.2k sf flex/R&D building in Irvine for $3.21 mil ($518/sf). Built in 2007, the building is located at 16150 Scientific Way, in the heart of the Irvine Spectrum submarket. The prop...
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• Santa Ana Industrial Asset Sells for Just Under $5 Mil
12/27/23
JA Roberto Investments has acquired two industrial buildings totaling 27.4k sf on 1.06 acres at 800-808 East Washington Ave in Santa Ana for $4.95 mil ($181/sf). 800-808 East Washington Ave has immediate access to the 5, 55...
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• Office Building on L.A.’s Westside Trades in $45 Mil Deal
12/27/23
A joint venture between Harbor Associates LLC and F&F Capital Group has acquired a five-story, 164.7k sf Class A creative office building on Los Angeles’ westside for $44.7 mil ($271/sf). The building is located at 1640 Sepul...
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• Aon Tower in Downtown Los Angeles Trades for $147.8 Mil
12/26/23
Aon Center, a 1.1 msf office tower at 707 Wilshire Blvd in downtown Los Angeles, traded hands in a $147.8 mil transaction. The deal, which works out to about $134/sf, is the largest post-pandemic office sale in downtown Los ...
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• Temple City Res Development Opens to the Public
12/22/23
Begonia Place, a four-story, 74-unit residential/retail development in Temple City, has been completed and is now open to the public. The $37.8 mil project was built by C.W. Driver Companies on behalf of Begonia Real Estate D...
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• OC Grocery-Anchored Center Trades
12/21/23
Buena Park Place, a grocery-anchored, 208.6k sf shopping center located in the OC city of Buena Park, was acquired by an unnamed private investor. The seller was SITE Centers Corp. Built in 1961 and renovated in 2016, the 10...
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• LA Investor Pays $292/sf for OC Biz Park
12/21/23
Harbor Warner Business Center, a 38.6k sf, industrial multi-tenant business park in Santa Ana, was purchased by a private investment fund in an $11.275 mil ($292/sf) transaction. The asset was sold by Rexford Industrial Realt...
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• L.A. Investor Pays $3 Mil for 1.73-Acre Site in Rancho Cucamonga
12/21/23
An L.A.-based private investor paid $3 mil for a 1.73-acre parcel of vacant land in an all cash transaction. The land, which is zoned mixed-use, is located at the northwest corner of Foothill Blvd and Etiwanda Ave in Rancho ...
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• New SoCal Raising Cane’s Goes for Over $1,600/sf
12/20/23
A brand-new construction, 3.2k sf single-tenant Raising Cane’s Chicken Fingers Double Drive-Thru restaurant in Santa Maria sold for $5.1 mil, or $1,608/sf. The property is within Enos Ranch, considered to be Santa Maria’s pre...
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