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• Single-Tenant LA Fitness Property in the Conejo Valley Gets a New Owner
8/23/19
AHS Property Inc acquired a 37.3k sf building leased to LA Fitness in the Conejo Valley community of Newbury Park. The single-tenant, leased investment property is located at 3057 Grande Vista Drive.
Although the final sales...
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• Buyer Spends $5.3 Mil on Whittier Multifamily Property
8/23/19
A local private investor paid $5.3 mil for Friendly Hills Apartment Homes, a 21-unit ($252k/unit) res property in Whittier. From what we understand, this was the first time the property had been on the market since it was bui...
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• Inland Empire Retail Center Acquired for $31.5 Mil by Private Investor
8/22/19
Corona Hills Marketplace, a 148.8k sf, grocery-anchored community shopping center located in the SoCal community of Corona Hills, sold for $31.5 mil ($212/sf). The property is situated on 12.28 acres at 529-591 N. McKinley St...
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• Kearny Mesa Office Property Replaced by State-of-the-Art Industrial Facility
8/22/19
A three-story, 35k sf office complex in Kearny Mesa has been demolished and replaced by a new, state-of-the-art industrial building. The new building replaces a 1980 vintage office building with tight parking that had been re...
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• 2019 Senior Rental Housing Community in Westminster Trades for $71 Mil
8/21/19
HW Senior Living Apartments, a 310-unit independent living community in Westminster, CA, traded hands in a recent $71 mil ($229k/unit) transaction. The asset, located at 13920 Hoover St, was purchased by an experienced senior...
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• South Gate Multifamily Development on Track with $80 Mil of Equity and Construction Money
8/21/19
JPI has obtained in excess of $80 mil in financing for development of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate. The preferred equity and construction loan was arranged by Dekel Capital.
Je...
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• Investors Trade Apartment Property in Glendale for $259k/Unit
8/21/19
A 34-unit multifamily community in Glendale, CA sold for $8.8 mil, or $259k/unit. It is located at 2121 N. Verdugo Rd, just west of the 2 Fwy about midway between the 134 and 210 Fwys, about 11 miles north of Downtown Los Ang...
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• Conejo Valley Industrial Facility Refinanced with New Loan for $12 Mil
8/20/19
Nearon Enterprises has refinanced Princeton Industrial, a 144k sf, single-tenant industrial property in Moorpark, with a new loan for $12 mil. The property is 100% occupied by AeroVironment Inc, a $1.3-billion manufacturer of...
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• Mixed-Use Project Planned for Mission Bay
8/19/19
Protea Properties is planning to build a new mixed-use project along the Morena Blvd corridor in San Diego’s Mission Bay. The project, called Bayview Plaza, is expected to add 156 res units and 40k sf of commercial space at ...
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• Stockbridge Capital Group Acquires 6.35 msf Industrial Property Portfolio
8/19/19
San Francisco-based Stockbridge Capital Group has acquired a 6.35 msf industrial portfolio from Westcore Properties. The price was not disclosed.
With 26 assets across nine markets in five states, the portfolio is nearly 100...
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• Lifestyle Res Complex Opens in Murrieta
8/19/19
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
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• San Gabriel Valley Multifamily Asset Trades in $34 Mil Deal
8/19/19
Sagewood Gardens, a 162-unit community for residents 55 and above in Hacienda Heights, has sold for $34.375 mil ($212k/unit). The property is located at 14814 Gale Ave, just north of the 60 Fwy in the heart of the San Gabri...
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• Condo-Mapped Multifamily Property in Pasadena Goes for $380k/Unit
8/16/19
A condo-mapped, 23-unit multifamily complex in Pasadena has sold in an IRS-sanctioned 1031 Exchange transaction for $8.75 mil, or $380k/unit.
Located at 168 N. Wilson St, the well-maintained complex was conceived and built a...
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• Prologis Pays $41 Mil for 11-Acre Site in Commerce
8/16/19
Prologis has purchased an 85k sf industrial facility set on 11.24 acres in Commerce for $41 mil. The property is located at 2420 Yates Ave, close to a densely populated area.
Kidder Mathews commercial real estate brokers, J...
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• OC Jack in the Box Trades for Record $1,374/sf
8/15/19
A 2.8k sf, single-tenant retail property fully occupied by Jack in the Box in Mission Viejo has sold for $3.79 mil, which works out to $1,374/sf, the highest price per square foot for a Jack in the Box-occupied asset in South...
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• Spec Industrial Facility in the Inland Empire Sells for $123 Mil
8/15/19
Columbia Business Park Phase I, a 1 msf, Class A speculative industrial building, was acquired by an institutional real estate investor for $123.75 mil ($124/sf), making the deal one of the largest single-building transaction...
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• Long Beach Apartment Comp Comes in at $232k/Unit
8/14/19
In a recent multifamily comp in Long Beach, a 20-unit apartment complex traded hands for $4.645 mil, or $232.3k/unit. The apartment complex is located at 5075 Atlantic Ave, east of the 710 Fwy and just north of Del Amo Blvd.
...
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• Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy
8/14/19
Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties b...
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• The World May not Be Flat but Cool Housing in DTLA Is
8/13/19
A newly reimagined, mid-century modern all-studio apartment complex, The Flat, is set to open its doors this week. Located in downtown Los Angeles at 750 Garland Ave, The Flat is designed for those seeking an experiential li...
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• Two Apartment Buildings in Laguna Beach Fetch $6.6 Mil
8/13/19
Two apartment buildings in Laguna Beach were purchased by separate investors in deals totaling $6.62 mil. The properties have a combined 13 units.
The first property, located on a corner lot at 460 Cypress Dr, features nine ...
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