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March 29, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Sunrise Brands Inks Lease for New 446k sf Facility at Tejon Ranch
1/09/23
Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retai...
more » 

• Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed
1/06/23
The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...
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• Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios
1/06/23
Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles. Zalmi Klyne with Northmarq arranged the new fl...
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• Guthrie Development Company Buys 70k sf OC Industrial/Retail Park
1/05/23
Guthrie Development Company has acquired Pacific Tustin Commercenter, a 69.9k sf, Class A multi-tenant industrial and retail business park in Tustin, for $19.7 mil ($282/sf). In the unique transaction, the firm acquired the b...
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• $55 Mil San Fernando Valley Res Buys Consists of Three Properties Totaling 246 Units
1/05/23
A 246-unit, three-property res portfolio in the northern San Fernando Valley communities of Granada hills and Northridge traded hands in a $55.5 mil ($225.6k/unit) deal. The assets were sold by Upside Investments and purchase...
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• Healthcare Property Advisors Spends $80 Mil on Brea Office/Medical Property
1/04/23
Healthcare Property Advisors (HPA) has acquired Imperial Mariner, a four-building, 288.2k sf office / medical office campus in Brea, for $80 mil ($277.50/sf). The purchase was financed with an acquisition loan for $44 mil. I...
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• Burbank Biz Campus Sold in $37 Mil Transaction
1/04/23
Montana Avenue Capital closed out 2022 with the purchase of 2777 North Ontario Street, a 127.1k sf office and industrial campus located in Burbank, for $37 mil, or $291/sf. The asset was sold by a joint venture between Washin...
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• Wells Fargo Inks Expansion/Renewal Deal at West Covina Office Campus
1/04/23
The Lakes, a 174k sf, Class A office campus in the city of West Covina, is now 92.5% leased following the recent completion of a five-year 13k sf expansion and renewal with Wells Fargo. Wells Fargo has been a tenant at The La...
more » 

• Apartment Building in L.A.’s Beverly Grove Trades for $354k/Unit
1/03/23
A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd. The property was built in 195...
more » 

• Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil
1/03/23
Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave. The double lot has a combined l...
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• Rams Owner Kroenke Spends $325 Mil on Woodland Hills Retail Center
12/29/22
Los Angeles Rams’ owner Stan Kroenke closed on a large property acquisition in the San Fernando Valley, paying $325 mil for The Village, a 600k sf outdoor retail center in Warner Center. The property was sold by Unibail-Rodam...
more » 

• Garden Grove Industrial Building Fetches $400/sf
12/28/22
A 22k sf industrial building in Garden Grove traded hands at a price of $8.83 mil ($401/sf). The property is located at 13831 Seaboard Circle, west of Harbor Blvd and just south of the 22 Fwy. Built in 1978, the highly functi...
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• Union Bank Sells Five San Diego Area Branches for $19 Mil
12/23/22
Union Bank collected $19.25 mil from the sale of five bank branches across San Diego County and in Brawley, CA. Two branches are in San Diego, one near Ocean Beach at 1858 Cable St and the other at 6010 El Cajon Blvd. Built ...
more » 

• Designworks Leases Santa Monica Creative Office Building
12/22/22
Designworks—the design innovation studio for the BMW Group—has signed a 10-year lease for a 16.5k sf creative office building in Santa Monica. The building, situated on a 26k sf lot at 1601 Olympic Blvd, was converted into ...
more » 

• Whittier Multifamily Property Goes for $285k/Unit
12/22/22
A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
more » 

• Buchanan Street Partners Pays $28 Mil for South OC Office Property
12/21/22
Buchanan Street Partners paid $28.1 mil for Oakbrook Plaza, a four-story, 120.4k sf ($233/sf) office property in Laguna Hills. The building was sold by a New York City-based fund manager in an off-market transaction. The pro...
more » 

• ATV Manufacturer Buys Three-Building Industrial Campus in Jurupa Valley
12/21/22
A Riverside-based ATV and UTV manufacturing and distribution company has acquired three freestanding industrial buildings on nearly five acres of land in Jurupa Valley. The firm plans to occupy the industrial park, located a...
more » 

• GLP Capital Partners Completes $90 Mil Inland Empire Purchase
12/21/22
GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in ...
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• New Apartment Community in Duarte Offers a Range of Rental Options in the San Gabriel Valley
12/20/22
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment community in the San Gabriel Valley city of Duarte, has been completed and is now open to the public. The project is a development of MBK Rental Living...
more » 

• San Diego County Bar Association Pays $6.8 Mil for Office Building in City’s Downtown
12/19/22
San Diego County Bar Association paid $6.83 mil for a 9k sf ($759/sf), single-story office building in downtown San Diego. The structure, located at 330 A St, provides the buyer with a first-class, highly visible headquarters...
more » 



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