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• City of Santa Ana Spends $10.5 Mil on 2.5-Acre Industrial Property
3/07/23
The City of Santa Ana acquired a 2.49-acre industrial outdoor storage parcel with a 3.9k sf single-story building in Santa Ana for $10.5 mil. The property is located at 4404 W. 1st St, just west of Harbor Blvd.
The property ...
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• Kairos Investment Management and Harbor Associates Buy Hollywood Office Tower
3/07/23
Kairos Investment Management Company (KIMC) has partnered with Harbor Associates to acquire a Class A, 12-story office and retail property with a five-story parking garage totaling over 208k sf in Hollywood. The property is l...
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• New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge, a new, 82-unit affordable housing community in Downtown Los Angeles’ Skid Row neighborhood, has officially opened to the public. The project, located at 656-660 Stanford Ave, will provide affordable and accessible...
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• Carlsbad R&D Building Fetches $18.6 Mil in Second Trade in Just Over a Year
3/06/23
A 37.2k sf industrial/R&D building in Carlsbad has traded hands for second time in just over a year. In this latest deal, Hazard Jr Enterprises LP, a family-owned entity advised by San Diego-based Commercial Facilities Inc, p...
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• Palmdale Retail Asset Purchased for $458/sf
3/03/23
An 11.8k sf, multi-tenant retail property in Palmdale sold for $5.4 mil ($458/sf). The property, situated on .87 acres at 39178 10th Street W, is 100% occupied by six tenants including Jenny Craig and Verizon.
The property ...
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• MIG Buys 157k sf Inland Empire Industrial Project
3/03/23
MIG purchased Gifford Business Park, a 156.7k sf, seven-building industrial business park in the Inland Empire submarket of San Bernardino, for $26 mil, or $166/sf. Located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
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• Hillwood Investment Properties and CBRE Investment Management are Buying 433 Acres in the Inland Empire for $544 Mil
3/02/23
Hillwood Investment Properties and CBRE Investment Management are acquiring 433 acres of land in Fontana for development of up to 6.6 msf of modern logistics facilities in the Inland Empire. The land, located at 9300 Cherry ...
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• Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Tishman Speyer has begun construction on the first phase of the Santa Monica Collection, a portfolio of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The first phase of development encompasses four...
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• El Cajon Apartment Portfolio Trades in $16 Mil Deal
3/02/23
A three-property, 61-unit multifamily portfolio in El Cajon traded for $16.17 mil ($265k/unit). The sale consisted of the following properties:
• Sunshine Manor - located at 948 South Sunshine Ave, the Class C property (buil...
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• Thinkwell Relocates Well in Burbank
3/02/23
Thinkwell has signed a 5.5-year lease for 14k sf of flex/office/production space in Burbank. Thinkwell will occupy the majority of Empire Studios, a recently renovated, 17k sf building located at 2507 Empire Ave, north of Vic...
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• Investor Spends $3.2 Mil on New Inland Empire Quick Quack Car Wash Ground Lease
2/28/23
A private investor based in Rancho Palos Verdes purchased a new construction Quick Quack Car Wash in Moreno Valley, in a $3.2 mil absolute triple-net ground lease. The sale closed three months prior to the tenant’s formal ren...
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• $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
2/27/23
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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• Costa Mesa Industrial Sales Comp Works out to $315/sf
2/27/23
In a recent industrial sales comp, a 19.3k sf facility in Costa Mesa traded for $6.08 mil ($315/sf). The freestanding industrial / flex building totaling is located at 3587-3589 Harbor Blvd, just south of MacArthur Blvd.
The...
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• Covina Industrial Building Sells for $7.25 Mil
2/27/23
A fully vacant, 31.7k sf industrial building in Covina was purchased by an unnamed owner/user for $7.25 mil, or $229/sf. The property is located at 1165 E Edna Place.
The property was sold by Los Angeles-based Dunleer, who a...
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• Lew Horne to be Inducted into NAIOP SoCal Hall of Fame
2/24/23
Lewis “Lew” C. Horne, a well-respected leader in the commercial real estate industry and greater Los Angeles and Orange County business community, will be inducted into NAIOP SoCal’s Hall of Fame as part of the organization’s...
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• Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property
2/24/23
Ian Schrager and Ed Scheetz recently purchased the 139-key hotel property formerly known as the Standard Hotel in West Hollywood. The hotel property is located at 8300 Sunset Blvd, midway between La Cienega and Crescent Heigh...
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• Office Building in West Covina Gets New Owner in $22 Mil Trade
2/23/23
Atrium on the 10, a 100.7k sf office building in West Covina was purchased for $22.2 mil ($220/sf) by a Covina, CA-based nonprofit owner/user. The property, located at 2934 E Garvey Avenue South, sits alongside I-10, offering...
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• Palmdale Office Building Trades for $369/sf
2/23/23
A 58.1k sf, government-leased office building in Palmdale was acquired by an institutional real estate advisor in a recent $21.45 mil ($369/sf) transaction. The property was sold by San Francisco-based Catalyst Real Estate.
...
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• Westport Properties Spends $19 Mil on Inland Empire Self-Storage Asset
2/23/23
Irvine-based Westport Properties Inc picked up Chino Mini Storage, an 80.9k sf
self-storage facility in Chino for $18.8 mil.
Located at 13555 Ramona Ave, Chino Mini Storage consists of 13 buildings with 701 self-storage unit...
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• Investor Spends $9 Mil on Inland Empire Industrial Development Parcel
2/22/23
Windsor Exchange, an investor and developer based in Canada, has acquired a 15.63-acre land parcel located in the Inland Empire submarket of Moreno Valley for $9.1 mil. The potential industrial development parcel, located at ...
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