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• Carlsbad Medical Office Building Goes for $758/sf
10/22/19
A freestanding, 6.4k sf medical office building in Carlsbad sold for $4.85 mil, or $758/sf. Located at 2020 Cassia Rd, the building is currently divided into three suites, each with their own exterior entrance. The building i...
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• Inland Empire Flex/R&D Building Fetches $265/sf
10/21/19
A 9.6k sf, flex R&D facility in Ontario sold for $2.54 mil, or $265/sf, in an all-cash deal.
The flex R&D facility is located at 3325 Shelby St. Built in 1970, the property features a 3.2k sf high-end office, gated wraparou...
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• Waterford Property Company Pays $21.5 Mil for Ontario Multifamily Property
10/21/19
Waterford Property Company purchased a newly-constructed, Class A 75-unit multifamily property in Ontario in a deal valued at $21.5 mil ($287k/unit). Although this property is Waterford’s first multifamily acquisition in the ...
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• The Bascom Group Spends $9.7 Mil on 39-Unit Multifamily Property in El Monte
10/18/19
The Bascom Group LLC has acquired Atrium Apartments, a 39-unit apartment community in El Monte, for $9.7 mil ($248.7k/unit). Built in 1963, Atrium is located at 3733 Gibson Road.
Atrium provides ideal access to major econom...
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• Drawbridge Realty Acquires 169k sf of Aliso Viejo Office Space
10/18/19
Drawbridge Realty has purchased two corporate headquarters office buildings in Aliso Viejo. The Class A buildings, known as 4 and 5 Polaris, serve as the corporate headquarters for Quest Software and UST Global, respectively....
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• Investor Pays $200k/Unit for Value-Add Res Buy in Long Beach
10/18/19
In a recent Long Beach multifamily sales comp, a 10-unit, value-add apartment property located at 1871 Chestnut Avenue in the city’s Wrigley neighborhood sold for $2.03 mil, or around $203k/unit. Built in 1964, the two-story ...
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• OC Office Asset Trades at $282/sf
10/18/19
A three-story, 50.4k sf multi-tenant office building in downtown Anaheim sold for $14.2 mil, which works out to $282/sf. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCar...
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• Work Finished at Seniors Mixed-Use Community in LA’s Park Mesa Heights Neighborhood
10/17/19
The Curve at West Angeles, a 70-unit, 80k sf affordable mixed-use community in the Park Mesa Heights neighborhood of Los Angeles, has been completed. The $24 mil, art deco-style project is a joint venture between Related Cali...
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• Inland Empire Office Portfolio Trades in $41.7 Mil Deal
10/17/19
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors, has closed on a $41.7 mil, off-market acquisition of a five-building commercial office portfolio totaling 368k sf in San Bernardino. The deal works out...
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• Crowne Pointe Equity Picks Up OC Office Asset for $17 Mil
10/17/19
Crowne Pointe Equity acquired a 45.2k sf office building in Brea for $17 mil, or $376/sf. The two-story, newly renovated office property is located at 130 S. State College Blvd in North Orange County.
The campus features on...
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• Pacific West Communities Inc Acquires Affordable Housing Development Site in Indio
10/16/19
Pacific West Communities Inc paid just over $2 mil for 6.53 acres in Indio. The property, located at 47555 Jefferson St on a main artery through the city, was sold by United States Marshals Service.
The land parcel is in one...
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• GF Capital Buys Irvine Office Building from Swinerton Builders
10/16/19
GF Capital purchased a 20.7k sf office building in Irvine for $6 mil, or $290/sf. The property, located at 17731 Mitchell North, was sold by Swinerton Builders.
17731 Mitchell North was developed in 1983 and renovated in 201...
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• Construction of Orchard Medical Center is Underway
10/15/19
Construction is underway at Orchard Medical Center, a two-story, 41.2k sf medical office property in Valencia. The project, which tilted walls in early September, is expected to be completed March 2020.
The project, located...
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• Mitchell Company Closes $29 Mil OC Industrial Buy
10/15/19
In a recent OC industrial buy, Mitchell Company paid $28.9 mil for a fully occupied, single-tenant light industrial/R&D building in Tustin. The 117.8k sf ($245/sf) facility, located at 2441 Michelle Dr, is leased to Canon Med...
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• Class A Office Asset in South Orange County Trades for Over $500/sf
10/15/19
One Enterprise, a Class A, 111.4k sf office building, has sold in a $59 mil ($530/sf) transaction. The four-story property is situated on 7.27 acres at 1 Enterprise in Aliso Viejo, a master-planned city located in south Orang...
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• First Industrial Realty Trust Acquires Over 16 Acres of Contiguous Land in Perris
10/14/19
First Industrial Realty Trust has completed three acquisitions covering 16.26 contiguous acres of industrial zoned land in the Inland Empire city of Perris, with plans to develop a 315k sf industrial distribution center at th...
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• Healthcare Realty Trust Buys Pasadena Medical Office Property
10/14/19
Healthcare Realty Trust, a publicly traded REIT, has boosted its portfolio with the acquisition of Cotton Medical Center, a 115k sf office property in Pasadena. The price was not disclosed.
Cotton Medical Center is located a...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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• Long Beach Apartment Property Gets $237.5k/Unit in Recent Sale
10/11/19
A 12-unit apartment property in Long Beach sold for $2.85 mil ($237.5k/unit). The property is located at 5558 to 5562 Dairy Ave, just east of Long Beach Blvd and the 710 Fwy.
Built in 1961, the two-building property totals 7...
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• SENTRE Spends $19 Mil on San Marcos Retail Asset
10/11/19
San Marcos Village, a 96.6k sf, grocery/discount-anchored neighborhood center in San Marcos, Was acquired by San Diego-based SENTRE Inc in a $19.25 mil ($199/sf) transaction. At the time of sale, the property was 92% leased t...
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