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August 20, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  |  3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  524
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• Santa Monica Apartment Sale at $600k/Unit Viewed as a Value-Add Deal
6/27/19
A 14-unit apartment property in Santa Monica sold for $8.5 mil, or $607k/unit. The property, which was 85% occupied at the time of sale, is located at 833 20th St, near the cross street of prestigious Montana Ave, a favorite ...
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• Foreign Investor Picks Up Pasadena Retail Property in $5 Mil Transaction
6/27/19
An 8.1k sf retail property in Pasadena was purchased by a private foreign investor for $5.18 mil ($639/sf), in an all-cash deal. The property is located at 777 S. Arroyo Pkwy, only a few blocks away from Old Town Pasadena, a ...
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• San Diego Apartment Sale Comp Comes in at $368k/Unit
6/26/19
The Madrid, a 19-unit apartment community located at 1530 Chalcedony in San Diego, sold for $7 mil, or $368.4k/unit. The building includes a mix of large one-bedroom and two-bedroom, two-bath floor plans. It is located in t...
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• Kenco Logistics Services Leases 580k sf in the Inland Empire
6/26/19
Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire bui...
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• Investor Pays $285k/Unit for West Valley Apartment Property
6/26/19
Park Regency, a two-story 44-unit apartment property in the western San Fernando Valley community of Winnetka, sold for $12.55 mil, or $285k/unit. The property is located at 7500 Mason Ave, north of Sherman Way between De Sot...
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• RAF Pacifica Group Closes $20 Mil Office Buy in Carlsbad
6/25/19
RAF Pacifica Group has acquired a 121.5k sf office building in Carlsbad for $20.2 mil ($166/sf). The property, located at 1950 Camino Vida Roble, was sold by an institutional investor. In addition to adding a new façade, RAF...
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• Glendale Apartment Property Trades for $400k/Unit
6/25/19
A 19-unit multifamily community in Glendale sold for $7.6 mil ($400k/unit). Constructed in 1987, the 18.9k sf property sits on a 15k sf lot at 714 E. Acacia Ave. The unit mix consists of all two-bedroom/two-bathroom apartme...
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• Santa Monica Apartment Building Sells for $450k/Unit
6/24/19
A 10-unit apartment property in Santa Monica’s prime Wilshire-Montana neighborhood sold for $4.5 mil, or $450k/unit. The building is located at 829 Euclid St, Just a few doors south of Montana Ave. John Swartz and Josh Kapla...
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• Investors and Users Buy Studio City Creative Office Condos
6/21/19
Eight condo units at a reative office project in the San Fernando Valley community of Studio City have sold so far this year, in deals totaling $10.4 mil. The project, The Enclave, is located at 3450 Cahuenga Blvd, west of Ba...
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• Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
6/21/19
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
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• Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
6/20/19
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
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• El Segundo Value-Add Res Property Goes for $312k/Unit
6/20/19
A 16-unit apartment complex in El Segundo was acquired by an unidentified investor for $5 mil ($312.5k/unit). The property is located at 436-440 W. Imperial Ave, just a few blocks inland from Dockweiler Beach and directly sou...
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• Historic Apartment Property in West Hollywood Sells for over $17 Mil
6/20/19
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood, for $17.275 mil, or $288k/unit. “We continue to look for well-located assets with a ...
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• Trio of Inland Empire Industrial Leases Total $56 Mil
6/19/19
We’ve got three recent Inland Empire industrial leases to report. The deals total 1.4 msf of space and have a combined value of $56 mil. In the largest of the deals, Burlington Distribution of California will occupy a Prolo...
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• Equinvests Capital Spends $8.8 Mil on Carlsbad Office Asset
6/19/19
Camino West Corporate Park, a 54.8k sf office building in Carlsbad, was purchased by San Diego-based Equinvests Capital in an $8.8 mil ($161/sf) transaction. The property, situated on 4.42 acres of land at 2035 Corte del Noga...
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• Tire Wholesaler Buys Ventura County Industrial Facility
6/19/19
Big Brand Tires purchased a 69.9k sf industrial building in the city of Moorpark in a $10.225 mil ($146/sf) transaction. Big Brand, a tire wholesaler, will fully occupy the property, located at 14401 Princeton Ave. The build...
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• Alvarez & Marsal Capital Real Estate Buys Mission Federal Credit Union Former HQ
6/18/19
Alvarez & Marsal Capital Real Estate has acquired the former headquarters for Mission Federal Credit Union in San Diego, a 61.4k sf office building in the city’s Sorrento Mesa area, for $10.4 mil ($169/sf). The building, loca...
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• Pasadena Apartment Building Fetches $450k/Unit
6/18/19
Lina Pasadena, a six-unit multifamily community in Pasadena, was purchased for $2.7 mil ($450k/unit) by a private investor. Located at 84-88 N. Catalina Ave, the two-story apartment complex was originally built in 1924 on a...
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• NEP Group Leases 108k sf of Industrial Space in the San Fernando Valley
6/18/19
NEP Group Inc has leased 108.2k sf of industrial space in Van Nuys. NEP, a Pittsburgh-based production company, has multiple locations across the country. The space is within Van Nuys Distribution – Center 2, located at 7850...
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• El Cajon Multifamily Property Gets New Owner in $13 Mil Transaction
6/17/19
In an El Cajon multifamily trade, A.L. Group LLC purchased The Heritage, a 56-unit complex, for $12.95 mil ($225k/unit). The 43.4k sf property sits on a 70k sf lot at 360 North 1st St. Built in 1973 and thoroughly remodeled...
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