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July 3, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  |  3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  551
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• Fountain Valley McDonald’s Ground Lease Goes for Over $4 Mil
4/03/20
A private investor paid $4.025 mil for the ground lease purchase of a freestanding drive-thru equipped McDonald’s in Fountain Valley. The all-cash buyer made the acquisition as part of a 1031 exchange transaction. The 3.5k s...
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• San Diego Res Portfolio Refinanced with $58.5 Mil Loan
4/03/20
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego. The properties in the portfolio are located in and ...
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• National Auto Loan Network Leases OC HQ Space
4/03/20
National Auto Loan Network (NALN) inked a new, 10-year lease for 11.5k sf of space in Tustin. The firm will use the space, located at 1735 Flight Way, east of Red Hill Ave and north of Barranca Pkwy, for its headquarters. J...
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• Pasadena Office Property Trades in $78 Mil Deal
4/02/20
Pasadena Corporate Park, a three-building, 260k sf office complex in Pasadena, traded hands in a recent deal worth $78 mil, or $300/sf. The development is located at 250 North Halstead St and 3475 E. Foothill Blvd, north of t...
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• Work Completed on New Waugh Student Center at Vanguard University in Costa Mesa
4/02/20
Work was just completed on the new Waugh Student Center at Vanguard University in Costa Mesa. Located at the heart of the campus, the new 35k sf interior and 7.5k sf exterior deck, two-story, steel-frame student center create...
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• PBS Biotech Inks Sublease in the Conejo Valley
4/02/20
In a recent leasing transaction out of the Conejo Valley, PBS Biotech inked a long-term sublease for a 63.8k sf freestanding industrial facility in Camarillo. The sublessor is Microsemi Communications LLC. The property is lo...
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• Over 50 Acres of Coastal Land in Redondo Beach Sold to a Private Developer
4/01/20
A private developer has acquired roughly 51 acres of coastal land in Redondo Beach from AES US. The price was not given out. The property is the site of the AES Redondo Beach Power Plant, located at 1100 North Harbor Dr, jus...
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• New Starbucks with Drive-Thru in the Inland Empire Sells for $1,722/sf
4/01/20
A brand-new, 1.8k sf single-tenant Starbucks with a drive-thru in Twentynine Palms sold for $3.1 mil, which works out to $1,722/sf. Built in 2020, the property is located on 0.54 acres at 73690 Twentynine Palms Hwy. The pro...
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• Alphatec Spine Inc Leases 121k sf Carlsbad Facility
4/01/20
Alphatec Spine Inc (ATEC) leased the entire 121.5k sf building located at 1950 Camino Vida Roble in the heart of the Carlsbad technology corridor. The two-story structure will house state-of-the-art research and development, ...
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• Palm Desert Res Community Sells for $171k/Unit
4/01/20
A SoCal-based investment group purchased Royal Palms Condominiums, a 52-unit community in Palm Desert, for $8.9 mil, or $171k per unit. The property, located at 40890 Sandy Gale Lane, received multiple offers. Built in 1985,...
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• Universe Holdings Adds 110-Unit La Mesa Res Asset to Its Growing Portfolio in the Area
4/01/20
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the San Diego submarket of La Mesa, for $34.45 mil, or $313.2k/unit. Built in 1971, Serena Vista is located at 5810 Amaya Dr, north of I-8 and eas...
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• Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
3/31/20
Arte, a 182-unit, luxury apartment community in Rancho Cucamonga, was acquired by an affiliate of Providence Capital Group Inc for $68 mil, or $373.6k/unit. The asset, located at 10130 Foothill Blvd, was sold by Fore Property...
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• Owner/User Pays $256/sf for National City Property
3/31/20
A 6.2k sf retail and warehouse building located in San Diego County’s National City sold for $1.585 mil, or $256 per square foot. The 1986-construction property is located on a 13.5k sf parcel at 712 E 18th St. It features 15...
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• 2020 Huntington Beach Medical Office Property Sells for $20 Mil
3/31/20
Bella Terra Medical Plaza, a four-story, 59.4k sf off-campus medical office building in Huntington Beach, traded hands in a $20 mil ($337/sf) transaction. The asset was sold by Vibe Boutique Office Properties and acquired by ...
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• Otay Mesa Res Dev Site Sells for $14.4 Mil
3/31/20
ColRich has purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4 mil. The property was sold by Airway Gardens Corporation, an entity managed by San Diego-based real estate development fir...
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• Absolute NNN Ground Lease Property in Anaheim Trades for $5.1 Mil
3/30/20
An L.A.-based private investor paid $5.1 mil for the absolute triple-net ground lease for a newly constructed, single-tenant Chase Bank in Anaheim. The new 4k sf bank building, which opened earlier this year, sits on 0.50 acr...
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• Investor Exchanges into Beaumont Commercial Property
3/30/20
Highland Springs Medical Arts Building, a 14.8k sf medical office building in Beaumont, was purchased by a private, 1031 exchange investor for $3 mil, or $203/sf. The property is located at 701 Highland Springs Ave. Highland...
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• One Santa Fe Res Community in L.A.’s Arts District is Sold
3/30/20
An unnamed Canadian institutional investor purchased One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. It was sold by Berkshire Residential Investments. The price ...
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• Office Building in the West San Fernando Valley Sells for Almost $300/sf
3/27/20
Dunya Properties LLC, a private investor, paid $4.3 mil for a 15k sf ($287/sf) office building in the West Hills community of the San Fernando Valley. The property is located at 22736 Vanowen St, on a busy corner east of Fal...
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• Rancho Cucamonga Retail Center Sells for $13.75 Mil
3/26/20
Shops to Victoria Gardens, a 31.4k sf retail strip center adjacent to the Victoria Gardens lifestyle center in Rancho Cucamonga, sold for $13.75 mil ($438/sf). It was sold by Fit Development. Situated on 2.65 acres at 12455 ...
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