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July 5, 2015
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SOUTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
Major Renovation Started on 300k sf South Bay Retail Center
7/02/15
Vestar begins multi-million dollar project at Peninsula Center in Rolling Hills Estates

USC Student Housing Property sells for $482k/Unit
7/01/15
Private investor pays over $5 mil for Verona Apartments

Newmark Realty Capital

Barrette Outdoor Living Buys Riverside Industrial Property
7/01/15
98k sf facility and additional unimproved land sold by CapRock Partners

BentleyForbes Relocates HQ to Center West Tower in Westwood
7/01/15
Firm inks deal for 6k sf of space



SmartStop Self Storage Breaks Ground on $35 Mil Sports Center in Ladera Ranch
7/01/15
120k sf complex expected to open in summer 2016

San Fernando Valley Apartment Comp Comes in at $143k/Unit
6/30/15
15-unit property was built in 1963

Lifescapes International Selected as Landscape Architect for The Block in Downtown San Diego
6/30/15
720k sf mixed-use project will be targeted to the Millenial executive and will feature many community-oriented spaces

Third Building in Corona Industrial Redevelopment Project Sells
6/29/15
R.W. Brown pays $8.7 mil for 78k sf facility

West San Fernando Valley Multifamily Property Traded in $9 Mil Deal
6/29/15
Parkwood Apartments in Tarzana sells for $176k/unit

Neotech Products Buys 22k sf Santa Clarita Industrial Facility
6/26/15
Firm spends $2.78 mil on building to accommodate growth needs

West San Fernando Valley Apartment Community Sells for Over $26 Mil
6/26/15
CORES Management pays $325k/unit for The Verandas

Southwest Value Partners Picks Up DoubleTree Hotel in Del Mar
6/26/15
224-room property sold by an affiliate of Fillmore Capital

Downtown San Diego Condo Sells for $4.5 Mil
6/25/15
Deal is for three units totaling 11k sf on the ground floor at Atria

Half-Vacant Cerritos Retail Center Acquired by Owner/User in $9.6 Mil Deal
6/25/15
Buyer to occupy 27k sf space in 44k sf property

The Muller Company and GreenOak Real Estate Acquire 367k sf South Bay Office Complex for $62 Mil
6/25/15
Venture to rename and transform Del Amo Financial Center in Torrance

Foremost Companies Picks Up Two SoCal Retail Properties
6/24/15
Firm buys Ranch Center and Oak Tree Plaza in Diamond Bar

Recent Activity at Downtown LA Office Building Includes Five Leases
6/24/15
Signings are at former Union Oil Company building at 617 West Seventh Street

Sherman Oaks Apartment Building Trades for Nearly $500k/Unit
6/24/15
Japanese construction company buys 34-unit Vista Modern

Venture West Funding Arranges Over $18 Mil in REfi Money of Three LA Area Apartment Properties
6/24/15
Buildings are in Hollywood, North Hollywood and Encino

Trio of New Restaurants Set to Open Luxury Res Project in Santa Monica
6/23/15
Joan’s on Third™, Herringbone and eLOVate have inked deals at Related California’s Ocean Avenue South

Historic Building in Santa Ana’s Artist Village District Sells for Over $5 Mil
6/23/15
Red Rock Management acquires fully leased, 16k sf property

First Industrial Realty Adds to Its Inland Empire Portfolio with 171k sf Purchase
6/23/15
Newly constructed facility located within Sycamore Canyon Business Park in Riverside

Physician Investor Group Buys Pasadena Office Building
6/22/15
17k sf property sells for over $600/sf

San Diego Multifamily Asset Goes for Nearly $10 Mil
6/22/15
Investor pays $98k/unit for Park Grove Apartments

Laurus Corporation Acquires 250k sf Promenade at Howard Hughes Center
6/22/15
Retail buy is valued at $100 mil before the new owner moves forward with $30 mil facelift

Buena Park Apartment Building Sold for $8.6 Mil
6/19/15
Structure Property Management Group buys 44-unit Villa Grande property

LA-Area Single-Tenant Bank Property Sells for $700/sf
6/19/15
Hong Kong investor buys 7.3k sf Citibank building in Monrovia

Wohl Spends $4.5 Mil on Inland Empire Incubator Biz Park
6/18/15
54k sf Airport Wineville Business Park sold by McLellan Estate Company

Lake Forest Office Complex Trades Hands in $30 Mil Deal
6/18/15
Bailard Inc and CT Realty pick up 156k sf Palm Terrace

Los Angeles Industrial Comp Comes in at $183/sf
6/18/15
48k sf facility at edge of downtown sells for $8.8 mil

Torrance Affordable Housing Project is Completed
6/18/15
Cabrillo Family Apartments offers 44 units of workforce housing

Grapevine Development Buys 3.7-Acre Parcel within 60-Acre El Monte Gateway Project
6/17/15
Purchase funded with short-term loan from Eagle Group

Transit-Adjacent Dev Site Next to Burbank Bob Hope Airport to Be Sold
6/17/15
59-acre “Trust Property” put on the market by the city of Burbank

Sunbelt Enterprises Sells 1.2 msf of Properties Throughout SoCal and Las Vegas
6/17/15
In one of the deals, PRES Companies buys 147k sf Packing House Square office/retail complex in Yorba Linda

Inland Empire Retail Center Trades for Nearly $600/sf
6/17/15
11.7k sf Rancho Plaza in Rancho Cucamonga sells for $6.8 mil

Longtime Venice Restaurant Fav Finds New Home in Playa Vista
6/16/15
Recently closed Hal’s Bar and Grill to open 4.7k sf location at new mixed-use development on LA’s Westside

Capital One Provides $7.5 Mil Fannie Mae Loan to Refi OC Multifamily Property
6/16/15
New financing replaces two existing loans set to mature in 2016

L.A. and Other CA Cities Likely to Follow San Jose with Affordable Housing Ordinance that Passes on Costs to Developers
6/24/15
Sklar Kirsh Land Use Partner Ellia Thompson offers follow-up comments to CA Supreme Court Ruling on the issue


The California Drought Mandate – How to Plan
6/23/15
By Griffin Cogorno, Director of Client Services, Unire Real Estate Group



The World’s Highest Priced Office Market is Still London’s West End
6/19/15
Latest research from CBRE lists Asian cities holding four fo the five top markets

CA Year-Over-Year Home Sales and Prices are Higher for Fourth Straight Month
6/18/15
State sees strong spring home-buying season

Inaugural Connect Conference in Los Angeles Opens to Strong Turnout
6/15/15
Recent event included a State of the California Economy presentation from Christopher Thornberg

Construction Well Underway on Downtown LA’s Wilshire Grand High-Rise
6/09/15
Dramatic aerial photo provides a look at the current status of the project

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%

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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