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• DPI Retail Buys Inland Empire Shopping Center in $24 Mil Deal
1/25/24
DPI Retail purchased Tri-City Center, a 151.7k sf shopping center in San Bernardino, in a recent $24.3 mil ($160/sf) transaction.
Built in 1987, the 100%-occupied center is anchored by a 24-Hour Fitness and Curacao. Addition...
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• Work Underway on Nestle USA’s New 700k sf Distribution Center at Tejon Ranch
1/24/24
Construction is underway on a new distribution center for Nestlé USA Inc, the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700k sf, will be loca...
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• Two-Building Asset in the Eastern San Gabriel Valley Fetched a Combined $12.2 Mil in Two Deals
1/24/24
Plaza Diamond Bar, a two-building property in the eastern San Gabriel Valley city of Diamond Bar, was acquired by two private investors in separate deals totaling $12.2 mil. The seller of both assets was a partnership led by ...
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• Single-Tenant Raising Cane’s in Imperial Beach Sells for $5.7 Mil
1/24/24
A NoCal-based family investment entity purchased a new construction, 2.4k sf single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, CA in a $5.7 mil ($2,375/sf) off-market...
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• County of Los Angeles Inks Office Leases in Culver City and San Pedro
1/24/24
The County of Los Angeles recently inked two office leases totaling more than 25k sf in the cities of Culver City and San Pedro.
Mark E. Mattis with Avison Young represented the ownerships of both buildings in the transactio...
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• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
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• CapRock Partners Reaches Development Milestone for First Phase of 2.7 msf Visalia Industrial Complex
1/23/24
In a SoCal industrial development update, CapRock Partners has completed the tilting of the concrete walls of Building 1 at CapRock Central Point III in Visalia. The structure is the first phase of a 2.7 msf, four-building sp...
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• Single-Tenant Net-Leased Indio Property Goes for $3 Mil
1/22/24
A 16.6k sf, single-tenant, net-leased Texas Roadhouse in the Inland Empire city of Indio sold for $3 mil ($181/sf). The restaurant pad property is part of Indio Towne Center, a dynamic 560k sf power center.
The property was ...
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• Overseas Investor Spends $8 Mil on Office Building in San Diego’s Rancho Bernardo Area
1/19/24
A 25.5k sf office building in San Diego’s Rancho Bernardo submarket traded for $8 mil, or $314/sf. The property is located within Tech Park at 17075 Camino San Bernardo. It was acquired by Dominguez Channel LLC, an overseas p...
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• Sterling Investors LP Buys 43k sf Industrial Facility in Santa Fe Springs
1/19/24
Sterling Investors LP paid $11.25 mil for a 42.7k sf ($263/sf), Class A warehouse and distribution facility in Santa Fe Springs. The property is fully leased to a single tenant and features a 30-foot clear height, six dock-hi...
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• Advantech Co Inks Ground Lease for 9.75 Acres at South Orange County Community College District ATEP Campus in Tustin
1/18/24
Advantech Co has signed a 75-year ground lease for 9.75 acres at South Orange County Community College District ATEP campus in Tustin. The transaction was valued at $264.8 mil.
The firm, a Taiwanese-based maker of industrial...
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• Bridge Logistics Properties Buys Compton Last Mile Logistics Building
1/17/24
Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Investment Group Holdings Inc, acquired a 57.7k sf, infill, last mile, logistics facility in the city of Compton. The property is located at 1215 W. Walnut St, east ...
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• Anaheim Industrial Asset Purchased for $18.5 Mil
1/15/24
In an Anaheim industrial trade, a two-building, 88.1k sf complex went for $18.5 mil ($210/sf). The property, located at 3000 – 3010 East La Jolla St, was sold by a SoCal-based private seller.
The two one-story buildings are ...
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• Two Single-Tenant Retail Assets in Antelope Valley Trade for $11.4 Mil
1/12/24
In recent retail investment activity out of California’s Antelope Valley, a brand-new construction, single-tenant Smart & Final Extra! and a single-tenant property occupied by dd’s Discounts at the Antelope Valley Plaza trade...
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• OC Multifamily Property Sells for First Time in 40 Years
1/11/24
Crestview Apartments, a 19-unit multifamily property in Costa Mesa, was purchased by a local private investor for $5.025 mil. The selling price, which came in at $563/sf and $264.5k/unit, marks the property’s first sale in ov...
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• Industrial Facility in L.A.’s Arts District Sells for $620/sf
1/11/24
A 7.1k sf industrial warehouse property in the heart of Los Angeles’ Arts District sold for $4.4 mil ($620/sf). The asset was acquired by a premium developer, manufacturer, and distributor of branded apparel and other merchan...
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• Chestnut Properties lands $91 Mil in Construction Money for El Cajon Industrial Project
1/10/24
Chestnut Properties has obtained $91 mil construction money for the development of a modern, 386.3k sf spec industrial building in El Cajon. The project, Gillespie Field iPark, will be located at 1756 Weld Blvd and has a targ...
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• EQT Exeter Buys 202k sf Industrial Project in Chula Vista
1/10/24
EQT Exeter purchased Heritage Industrial Center, a three-building, 202.8k sf industrial project in Chula Vista. The project, covering 11.57 acres, was sold by Rockefeller Group.
The deal marks the second transaction between ...
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• Harbor Associates and Taconic Capital Collect $26.75 Mil from Sale of 115k sf San Bernardino Office Building
1/09/24
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors LP, has sold a 115.5k sf, Class A office building in a deal that represents the third and final transaction in a five-property $69.85 mil office portfoli...
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