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May 26, 2015
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SOUTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
GH Palmer Associates Acquires 385-Unit Multifamily Property in Montclair
5/26/15
Purchase of The Paseos at Montclair North funded with $81 mil loan from GE Capital and arranged by George Smith Partners

San Diego Res Development Site Sells for $12.8 Mil
5/26/15
Lennar Multifamily Communities buys 20k sf site in city’s downtown

Newmark Realty Capital

Medical Group Buys 27k sf Office Building in San Diego’s Kearny Mesa Submarket
5/26/15
The Super Dentists to retrofit the property for use as their corp HQ and for a dental practice location

Investor Pays Over $200/sf For Retail Asset in San Diego’s Midway District
5/21/15
30k sf Midway Village Shopping Center is anchored by Taco Bell and Wings N Things



Kennedy Wilson Named Leasing Firm for Retail Portion of Downtown LA Mixed-Use Development
5/21/15
Assignment is for 167k sf at $1 bil Oceanwide Plaza project

Vacant Valencia Warehouse Property Purchased by Owner/User in $4.6 Mil Deal
5/21/15
44k sf facility acquired by Triscenic Production Services

National Stores Inks $26 Mil Distribution Facility Lease in the Inland Empire
5/21/15
Retailer to occupy 579k sf, state-of-the-art building in Perris

Riverside Office Campus Fetches $10 Mil
5/20/15
Stillwater Investment Group buys 82k sf Mission Lakes property

Bixby Land Acquires OC Building for Conversion to Creative Office Space
5/20/15
Firm pays $11.6 mil for 53k sf property in Aliso Viejo

Rexford Industrial Realty Picks Up another $29 Mil in SoCal Properties
5/19/15
Firm buys three buildings in Lynwood and City of Industry

Home Products Company Inks Expansion/Renewal Deal in Irvine
5/19/15
AREO signs new lease for 44k sf of space

Robinson Pharma Leases 127k sf OC Industrial Facility
5/19/15
Firm inks 10-year deal with CT Realty for the Santa Ana single-tenant building

Legacy Partners Buys 379-Unit Residential Complex in Marina del Rey
5/19/15
Firm finances purchase of Mariners Bay Apartments with $96 mil loan arranged by CBRE

The Klub Jumps into Unique Frogtown Space
5/18/15
Sports organization leases 40k sf former airplane hangar along the Los Angeles River, just outside of Silver Lake

Signature Behavioral Healthcare Buys Seven-Acre Dev Site in Riverside County
5/18/15
Land is part of the planned, 6 msf March LifeCare Medical City campus

Pacific Southwest Realty Services Arranges Loans Totaling Nearly $22 Mil on Marina del Rey Creative Office Property
5/18/15
Financing secured by the two buildings that make up Steven Jones Development Company’s MediaWorks campus

Tesla Leases 23k sf OC Space for Dealership
5/15/15
Buena Park site had previously been a temporary located for Premier Chevrolet

Anaheim Starbucks Trades at a 3.27% Cap Rate
5/15/15
OC buyer pays $2.9 mil for the investment

Older Long Beach Apartment Property Purchased for $150k/Unit
5/14/15
20-unit asset had been renovated prior to being listed

Investor Pays $500/sf for West LA Single-Tenant Building
5/14/15
Property was acquired and then immediately re-sold by its occupant

La Quinta Bank Branch Property Sells for $500/sf
5/14/15
1031 exchange buyer acquires 3.4k sf building occupied by Provident

Drawbridge Realty Acquires Kearny Mesa Office Campus for $61 Mil
5/14/15
Three-building Spectrum Corporate Center is fully occupied by Northrop Grumman Corp

Capital Square Realty Advisors Buys West Covina Retail Asset
5/13/15
37k sf building fully occupied by 24 Hour Fitness

Inland Empire Enjoying Robust Retail Growth
5/12/15
Increasing jobs and ongoing population growth fueling new development

DTZ’s $2 Bil Acquisition of Cushman & Wakefield Leads a Number of Brokerage Announcements
5/12/15
JLL acquires Wilson Retail Group; Julie Taylor’s team moves to Colliers International

Kinetic Content Puts West LA Office Expansion Efforts in Motion
5/12/15
11755 Wilshire Blvd
Firm inks two leases totaling 57k sf

Stream Realty Finances South Bay Office Buy with $49 Mil Acquisition Loan
5/12/15
HFF arranges money on recent purchase of 300k sf Pacific Center in Torrance

Encore for Education a Hit with the Real Estate Industry and with Local Charities
5/11/15
Annual fundraiser produced by Buchanan Street Partners and others raises $200,000

Illusion Holdings LLC and Ocean Blue Investments LLC Land $33 Mil Short-Term Refi for Downtown LA Mixed-Use Project
5/11/15
Quantum Capital Partners arranges bridge loan on The Medallion

Interstate Equities Corporation Picks Up 34-Unit Burbank Multifamily Asset
5/08/15
Firm intends to make substantial improvements to 1958 property that had never previously been renovated

Oxnard Live/Work Complex Sells for Just Under $3 Mil
5/08/15
Nearly vacant purchase offers significant upside

Private Investor Pays $170k/Unit for El Cajon Multifamily Property
5/11/15
22-unit Southwinds Apartments goes for $3.7 mil

Embassy Suites Anaheim-Orange Sells for $210k/Room
5/11/15
Former Hilton Suites hotel located near Angel Stadium and Disneyland

Four Attorneys at Allen Matkins Elected to Partnership
5/08/15
Prominent real estate and business law firm recognizes Anthony R. Burney, Ted G. Fates, Heather S. Riley and Ryan T. Waggoner

SR Commercial Acquires Carlsbad Land for Multi-Tenant Industrial Development
5/08/15
Firm plans to build 151k sf project that caters to users needing smaller unit sizes

Seniors Housing Property in San Diego Trades for $123k/Unit
5/08/15
San Diego Housing Commission pays $14.8 mil for Village North Senior Garden Apartments

Getty Images Renews Its Miracle Mile Space
5/07/15
Firm to remain in 22k sf at 6300 Wilshire Blvd

GPI Companies Lands $23 Mil in Financing for Beverly Hills Development Property
5/07/15
HFF arranges money for 36k sf site

Planet Fitness Pumps Up Retail Leasing Activity Around Downtown LA
5/07/15
Gym chain inks deal for new 21k sf location

Champion Real Estate Closes $55 Mil, 164-Unit Oxnard Apartment Buy
5/07/15
Firm purchases The Vines, within RiverPark community

Thousand Oaks Retail Center Undergoing a Major Renovation
5/12/15
Work on Oakbrook Shopping Center designed by Wolcott Architecture Interiors

Los Angeles and Long Beach Ports Top CBRE’s National Ports and Logistics Index
5/07/15
First-ever report ranks top 15 North American ports based on port infrastructure capabilities and strength of industrial real estate market



L.A. County Office Market Sees Modest 66k sf of Absorption in First Quarter of 2015
5/01/15
Avison Young report pegs region-wide vacancy rate at 16.4%

San Francisco is the Number One Choice for Investors in 2015
4/27/15
Industrial remains the preferred property investment choice among CBRE survey respondents

Upcoming AIR Forms Review Event Discusses New State Law on Agent Disclosure of Dual Agency
4/22/15
Industry association holding conference on May 15 in Anaheim

Strong Economy Boosting CA Housing Market
4/20/15
C.A.R. reports that sales volume and prices are on the rise

High Demand for Tech Space Driving OC Office Market
4/17/15
CBRE report ranks the region as one of the 10 strongest growth markets in the country

San Diego Retail Market Continues in Positive Mode
4/14/15
Region sees positive absorption, a low vacancy rate and a growing development pipeline according to CBRE Research

The SoCal Industry Event Guide
4/28/14
Our Lineup of Organizations' Meetings, Shows, and Conferences for SoCal R.E. Pros




 
Parking Concepts Inc

 


 


 
 





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