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August 24, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  524
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• Retail Center in Encinitas Sells for $430/sf
6/06/19
El Camino Square, a 28k sf retail center in Encinitas, traded hands in a $12.2 mil ($436/sf) transaction. The buyer was Capstone Advisors. El Camino Square is a two-level retail center located at 191 North El Camino Real, in...
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• Raintree Partners Spends $79 Mil on Glendale Multifamily Portfolio
6/06/19
Raintree Partners has acquired a portfolio of seven multifamily properties totaling 231 units located in the Los Angeles submarket of Glendale for $79 mil, or $342k/unit. The acquisition is aligned with the firm’s investment ...
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• SteelWave Buys 103k sf OC Creative Office Property
6/05/19
SteelWave recently acquired AIRspace, a 103k sf, high-identity, creative office asset in Tustin. Located at 15771 Red Hill, AIRspace is positioned within the Greater Airport Area submarket in the burgeoning Red Hill Corridor....
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• Harbor Freight Tools Leases 229k sf in Calabasas
6/05/19
Harbor Freight Tools USA Inc, a national tool retailer, has agreed to a 15-year lease for 229k sf of space at Corporate Center Calabasas. The space will serve as the company’s new corporate headquarters. We’ve been told that ...
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• Trojan Storage Pays $9 Mil for 1.87-Acre Glendale Site
6/04/19
Trojan Storage paid $9 mil for a 1.87-acre development site in Glendale. Trojan Storage, a Los Angeles-based self-storage company, operates 20 locations in California, Oregon, Washington, and Arizona. The property represent...
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• Rexford Industrial Realty Spends $34.5 Mil on Two SoCal Assets
6/04/19
Rexford Industrial Realty recently acquired two SoCal industrial properties in deals totaling $34.5 mil. The acquisitions – in the City of Industry and Sun Valley - were funded using cash on hand. In one of the purchases, Re...
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• Investors Trade 27 Res Units in Palm Springs for $2.26 Mil
6/04/19
Two multifamily communities containing a combined 27 units in Palm Springs were purchased by a private investor for $2.26 mil ($83.7k/unit). The properties, located at 2000 E. Sahara Rd and 2003 Desert Park, sit in one of t...
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• LaSalle Investment Management Acquires Two Buildings at San Diego Area Biz Campus
6/04/19
LaSalle Investment Management purchased a two-building industrial portfolio totaling 201k sf in San Diego’s Otay Mesa submarket. Situated on 14.62 acres within the 2 msf Siempre Viva Business Park, the portfolio is located at...
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• TrellisWare Technologies Expands into Additional 27k sf of San Diego Office Space
6/03/19
TrellisWare Technologies has signed a lease amendment with Newport National Corporation to expand into an additional 27k sf of office space at Summit Pointe, a 146.6k sf office building in San Diego. TrellisWare will now occu...
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• The RealReal Leases 30k sf Creative Office Space in L.A.
5/31/19
TheRealReal, an online luxury consignment company, has agreed to a lease for the entire 29.7k sf creative office conversion building at 3317-3325 W. Exposition Blvd, just east of Crenshaw Blvd in L.A.’s Exposition Place Distr...
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• San Fernando Valley Multifamily Property Sells for $24 Mil
5/31/19
Park Terrace Apartments, a 100-unit multifamily property in the central San Fernando Valley community of Reseda, sold for $23.95 mil ($239.5k/unit).The property is located at 6425 Reseda Blvd, just north of Victory Blvd. Com...
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• Work Gets Started on the Latest Phase at The Center at Needham Ranch in Santa Clarita
5/31/19
Trammell Crow Company (TCC) and Clarion Partners LLC have commenced construction on Phase 1B of The Center at Needham Ranch, a 54-acre business park that sits on a 132-acre, fully entitled site. Construction is scheduled to c...
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• Strategic Office Partners Purchases Conejo Valley Office Asset for $41 Mil
5/31/19
Strategic Office Partners has acquired Conejo Corporate Campus, a 196k sf office campus in Thousand Oaks, for $41.35 mil ($211/sf). The property, located at 2380 and 2400 Conejo Spectrum St, was sold by Harbor Associates and ...
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• Kimpton Hotel Wilshire in L.A. to Undergo a Full Modernization
5/30/19
Renovation work has begun on Kimpton Hotel Wilshire, a 41.9k sf boutique hotel on Los Angeles’ westside that was originally built in 2011 as an adaptive re-use of a 1951 office building. The property is owned by OSM Investmen...
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• Retail Property in Westminster Goes for $427/sf
5/30/19
A private investor paid $7.05 mil for Westminster Golden Center, a 16.5k sf ($427/sf) shopping center in the Little Saigon submarket of Westminster. Westminster Golden Center is located at the southwest corner of Westminster...
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• Downtown Los Angeles Multifamily Refinanced with $128 Mil Loan
5/30/19
Geoff Palmer has secured $128.1 mil in financing for Orsini II, a 566-unit, institutional-quality multifamily property in Downtown Los Angeles. The new loan replaces a $115.2 mil floating rate loan secured for the property in...
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• Sorrento Mesa Office Property Trades for $17 Mil
5/29/19
Graymark Capital, in a venture with an institutional partner, has acquired 10455 Pacific Center Court, a 92.5k sf office property located in San Diego’s Sorrento Mesa submarket.The property, positioned on a 7.7-acre, canyon-e...
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• Sugarpill Cosmetics Leases 10.5k sf in L.A.’s Cypress Park Neighborhood
5/28/19
Los Angeles-based Sugarpill Cosmetics recently inked a five-year lease for 10.5k sf of flex/industrial space in LA’s Cypress Park neighborhood. The property is at 646 N. San Fernando Rd, directly north of the intersection of...
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• Westwood Apartment Building Sells for Over $900k/Unit
5/28/19
A private investor paid $13.7 mil for a 15-unit ($913k/unit) multifamily property in Westwood, in an off-market deal. The property is located at 10630 Wilkins Ave, east of Westwood Blvd between Wilshire and Santa Monica Blvds...
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• Community Preservation Partners Completes Rehabilitation of 48-Unit Low-Income Housing Portfolio in Los Angeles
5/28/19
Community Preservation Partners (CPP) has completed an $11.9 mil rehabilitation of The Curtis Johnson Apartments, a six-building, 48-unit low-income residential portfolio in and around the Vermont Harbor neighborhood of Los A...
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