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May 25, 2020
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SOUTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
Unique Pacific Palisades Coastal Vineyard Property Hits the Market
5/25/20
Sprawling 1.5-acre estate of famed architect and vintner Cosimo Pizzulli entitled for up to eight ocean-view homes

120-Acre Site in Imperial County Trades for $1.85 Mil
5/22/20
ADJ Holdings LLC buy land through an auction process



Longfellow Real Estate Partners Closes Biz Park Buy in San Diegoís Sorrento Mesa Area
5/22/20
BLT Enterprises collects $39 mil from sale of 93k sf Sorrento Tech campus

Apartment Property in Studio City Sells for Almost $400k/Unit
5/22/20
Deal is for 20-unit Laurel Towers asset in the southeastern San Fernando Valley

OC Private School Campus Trades for $22.75 Mil
5/21/20
Fairmont Private Schools buys two-building asset in San Juan Capistrano

Qualcomm Renews 144k sf San Diego Area Lease
5/21/20
Deal is for entire Sorrento Corporate Center campus

Riverside Apartment Property Goes for $153k/Unit
5/20/20
36-unit asset acquired by San Diego private investor in $5.5 mil deal

Dollar General Store in Central CA Sells for $242/sf
5/20/20
Exchange investor spends $2.2 mil on NNN-leased property

Greystone Provides $116 Mil in Freddie Mac Loans on Three L.A. Res Portfolios
5/19/20
Financings secured by 34 properties with almost 800 units

Escondido Dev Site Trades Hands
5/19/20
One-acre property in cityís downtown is already entitled for 127-unit res project

Two-Tenant Pad Building in the Inland Empire Fetches $635/sf
5/19/20
$4 mil deal is for 6.3k sf property at entrance to The Marketplace at Ontario Center

Electronic Commerce Inks Office Lease in Newport Beach
5/19/20
Firm relocates from City of Orange

IRA Capital Pays $676/sf for OC Medical Office Building
5/19/20
Santa Ana property goes for over $38 mil

Kennedy Wilson and Fairfax Financial Holdings Limited Team Up in Venture to Acquire First Mortgage Loans
5/15/20
$2 bil platform will pursue deals in the western U.S., Ireland and the U.K.

Apartment Building in L.A.ís Highland Park Area Trades for Almost $400k/Unit
5/15/20
Dunleer collects $2.4 mil for six-unit asset after significant renovation work

Draftsmen & Craftsmen
5/14/20
$38 Mil Menifee Valley Middle School Reconstruction Breaks Ground

Scenic Campus of St. Michaelís Abbey in South OC Has Been Put On the Market
5/14/20
Unique 33-acre campus has been home to Catholic priests for 60 years

Industrial Property in West Los Angeles Sells for $590/sf
5/14/20
Desirable asset includes excess land

1.6 msf Inland Empire Distribution Facility Available for Lease
5/13/20
Centerpoint Properties is marketing Ontario property that includes 94 paved acres

Trammell Crow Company and Clarion Partners Acquire Final Phase Land at The Center at Needham Ranch
5/12/20
137 acres entitled for up to 2.5 msf of additional commercial/industrial space

Centurion Fuchigami International Inc Pays $7 Mil for Inland Empire Medical Office Property
5/12/20
14k sf property is in Moreno Valley

Stirling Capital Signs Trio of Lease Deals at Southern California Logistics Airport in Victorville
5/11/20
Latest transactions are with The Boeing Company, United Furniture Industries and ComAv Asset Management

Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Buy consists of seven, smaller single-tenant properties in different cities

Anaheim Supermarket Property Acquired for $5.6 Mil
5/11/20
25k sf Orangethorpe Plaza bought for $230/sf

Sorrento Mesa Building Trades in Sale/Partial Leaseback Deal
5/08/20
BPS Bioscience pays $8.55 mil for 38k sf property

Rexford Industrial Realty Spends $21 Mil on Fully Leased Asset in the City of Commerce
5/08/20
Current rents estimated at 40% below market rate, providing significant revenue boost potential in the near future

Historic Pottery Barn Building in Pasadena Sold in a Deal Valued at $519/sf
5/07/20
Five-story, 31k sf structure boasts a very desirable corner location in cityís Old Town

Unique Bungalow Res Community in L.A.ís Highland Park Sells for over $400k/Unit
5/07/20
Dunleer collects $3.2 mil from sale of The Cottage Club

Goli Nutrition Leases 422k sf of Distribution Space in the Inland Empire
5/07/20
Firm takes four buildings within Saddle Ranch Business Center in Norco

Exchange Investor Pays $630/sf for San Diego Area Vons Store
5/07/20
44k sf property bought for $27.7 mil

Ronald E. Birtcher Passes Away at the Age of 89
5/06/20
OC-based commercial real estate developer was awarded numerous honors over his long and illustrious career

Investor Pays over $400/sf for Five Guys Building in San Diego
5/07/20
4.5k sf property located in Pacific Beach

Pain Management Group Buys San Diego Medical Office Property
5/06/20
25.6k sf building trades at $234/sf

Tustin Office Asset Gets New Owner
5/06/20
16k sf Irvine Prospect Building sells for $3.3 mil

Sorrento Mesa Owner/User Building Purchase Comes in at $5.3 Mil
5/05/20
21k sf flex property will be used for a biotech business

Investor Pays $242k/Unit for Escondido Res Property
5/06/20
39-unit asset goes for $9.5 mil

Calexico ALDI Ground Lease Purchased for $2.64 Mil
5/05/20
1.53-acre site occupied by 18k sf grocery store

Multifamily Community in Ventura County Goes for $92 Mil
5/05/20
Deal is for 272-unit The Artisan at East Village in Oxnard

San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
5/05/20
JH Real Estate Partners buys 70k sf Escondido Town & Country

Westcore Buys 66k sf Industrial Facility in Temecula
5/01/20
Building sits on 10.6 acres, making it an attractive option for a wide range of potential users

Brad Umansky Named President of Retail Brokers Network
5/22/20
Owner of Progressive Real Estate Partners will help grow the national organization

Most Employers in CBRE Study Favor Phased Return to Workplace
5/21/20
Many companies looking at touchless technology, employee health screenings and restricting visitors

CoStar Group to Acquire Ten-X Commercial in $190 Mil Deal
5/14/20
Ten-X has executed $24 bil in digital transactions since its launch in 2009

Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
5/11/20
Six properties recognized as 2019ís Best Buildings in the private and public sectors


Wilmington Building Sells for $1.1 Mil
5/04/20
12k sf property had been occupied by TitleMax

Black Swan Reset and the Fate of Commercial Real Estate
4/30/20
BridgeCore Capitalís Elliot M. Shirwo offers his views on the changing commercial real estate fundamentals due to the COVID-19 pandemic

Resident Relief Foundation Launches Multifamily Industry Fundraising Effort to Address Impact of COVID-19 Pandemic
4/27/20
Resident Relief Initiativeís objective is to help keep renters in their homes


Production Pause Ripples Across L.A.'s Media and Entertainment Space
4/24/20
CBREís Greater Los Angeles Marketflash report looks at how the COVID-19 pandemicís effect on the media industry has impacted the regionís commercial real estate

Here are Some Tips for Landlords and Tenants on How to Re-Open Office Spaces
4/23/20
Cushman & Wakefield has put together a Recovery Readiness how-to guide

Still the Happiest Place on Earth?
4/17/20
Check out these aerial views of Disneyland by Fred Emmert of Airviews

Rowan Sbaiti Joins BH Properties
4/15/20
Firm expanding into real estate bankruptcy and financial instrument acquisitions

Inland Empire Industrial Market Maintains Strong First Quarter
4/15/20
Regionís fundamentals held steady despite coronavirus effects, per Kidder Mathews

SoCal Office Execs Surveyed as to Expectations Over the Next Three Months
4/14/20
NAI Capitalís Southern California Office Market COVID-19 Impact Survey provides key feedback on current industry sentiment

Property Owners and Businesses Suffering Financial Losses Should Consider Property Tax Appeals
4/06/20
RENTV interviews Paramount Property Tax Appeal Founder Wes Nichols

How to Respond to Rent and Loan Payment Obligations in Light of COVID-19
4/02/20
Legal experts Caroline W. Dreyfus, Corin M. Korenaga and Alicia N. Vaz with Cox, Castle & Nicholson LLP offer timely advice on how to deal with this challenging situation

Seen on the Street
3/31/20
Striking building mural in Culver City

Kennedy Wilson Renews $500 Mil Revolving Credit Facility
3/30/20
Undrawn credit facility has a four-year term plus one-year extension option

U.S. Economy Expected to Contract More than 5% Just Over the Next Two Quarters
3/27/20
Revised forecast from Wells Fargo Economics Group predicts the deepest peak-to-trough decline in real GDP in the post-World War II era

Californiaís COVID-19 ďStay at Home OrderĒ to Test Force Majeure Provisions in Many CRE Contracts
3/25/20
Real estate legal pros Steven Dettman and Sonia Lister with the law firm of Jackson Tidus provide insight as to how this may impact the industry



 


 


 


 
 





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