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October 21, 2020
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SOUTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
Local Developer Spends $3.75 Mil on Entitled Site in Hollywood
10/21/20
Buyer to start work on 39-unit res project

Rexford Industrial Realty Closes Two Industrial Purchases and Three Sales in Deals Totaling $72 Mil
10/21/20
The acquisitions consist of a container storage facility in Santa Fe Springs and a 6.5-acre Sylmar dev site with 140k sf of existing improvements



Advanced Real Estate Services Pays $130 Mil for 346-Unit Res Asset in Chino Hills
10/19/20
The Crossings goes for $375k/unit

ELK Development Locks in $14 Mil for Development of Hollywood Micro-Unit Res Project
10/19/20
George Smith Partners arranges construction loan for opportunity zone development

Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
10/20/20
CBRE arranges money for $43.6 mil purchase of Tustin and San Diego assets

Investors Trade San Gabriel Valley Multifamily Asset in $9.7 Mil Deal
10/16/20
The Azusan trades for $220k/unit

Renovated Industrial Facility in San Diego Gets New Owner
10/16/20
85k sf building in the Scripps Ranch area sold by CapRock Partners

Final Phase Completed at California Landmark Groupís G8 in Marina del Rey
10/15/20
$120 mil project will add 228 res units and 25k sf of office space to areaís Marina Arts District

Nome Ventures Spends $55 Mil on Office Tower in L.A.ís South Bay
10/15/20
Purchase of 237k sf Pacific Gateway in Torrance financed with $39 mil loan

Burbank Res Property Sells for $307k/Unit
10/15/20
21-unit The Capri was built in 1967

Healthcare Realty Trust Wraps Up $14 Mil MOB Buy in Orange County
10/15/20
Deal is for 22.6k sf Trico Sycamore Plaza in City of Orange

New Single-Tenant Grocery Outlet Asset in Norco Sells for $333/sf
10/14/20
18k sf property is the anchor tenant to the new Norco Gateway Shopping Center

Private Investor Spends $7.5 Mil on Renovated Industrial Asset in Miramar
10/14/20
27.5k sf facility sold by a partnership between Stos Partners and Long Wharf Capital

Local Investment Entity Buys 46k sf Cold Storage Facility in Vernon from Dedeaux Properties-Led Venture
10/14/20
Fully occupied asset went for $14.85 mil

Watt Investment Partners-Led Venture Secures $70 Mil on Two Office Buildings in the Culver City Area
10/14/20
CBRE arranges financing on recently renovated buildings, each about 111k sf in size

Investors Trade 18-Unit Multifamily Property in Lomita
10/14/20
Asset sells for $229k/unit

The Luzzatto Company to Renovate Industrial Property in L.A.ís West Adams District into Creative Office Space
10/13/20
JLL arranges $48.7 mil in construction money to redevelop the 94k sf asset

New 145-Room Glendale Marriott Residence Inn is Finished
10/12/20
Mission-style hotel was built by R.D. Olson Construction on behalf of R.D. Olson Development

Westcore Pays $11.75 Mil for Warehouse Property in Rancho Dominguez
10/09/20
Firm to rehabilitate the 69k sf facility

Logistics Firm Leases New 1.08 msf Industrial Facility in the Inland Empire
10/09/20
Redlands building is a development of Duke Realty Corporation

Newcastle Partners is Busy Building Industrial Space in the Inland Empire
10/08/20
Firm is about to start work on three facilities after having just completed two others

Inland Empire Retail Center Picked Up by Private Investor in $5.3 Mil Deal
10/08/20
25k sf Foothill Village in Fontana goes for $213/sf

Majestic Asset Management Buys Goleta Office Campus
10/07/20
Three-building asset contains 175k sf of space

KDF Communities Acquires Seniors Multifamily Property in Huntington Beach for $49 Mil
10/08/20
Five Points Senior Apartments goes for $295k/unit

Sports Research Corp Inks Expansion/Relocation Lease for 48k sf in Torrance
10/07/20
Firm signs five-year deal at Storm Business Park

The Source H20 is a New, 70k sf Office Community Just Completed in Irvine
10/07/20
Two-building project designed to provide great natural air flow

Unilev Capital Spends $13.5 Mil on Industrial Property in National City
10/06/20
Multi-tenant facility contains 79k sf of space

High Net-Worth Investor Buys Scripps Ranch Industrial Facility
10/05/20
86k sf asset sold by CapRock Partners

NoCal Investor Spends $22 Mil on Bakersfield Multifamily Property
10/06/20
240-unit Pine Brook Apartments fetches $92k/unit

Four Restaurants Take Space at South OC Community Shopping Center
10/05/20
Calo Kitchen + Tequila, Snooze Eatery, Muse Sushi and Earth Bowl Superfoods signs at The Center at Rancho Niguel

Cerritos Industrial Facility Trades for $200/sf
10/05/20
109k sf property is within Cerritos Industrial Park

Office Demand in San Diego Faces Significant Decline Amid COVID Pandemic
10/19/20
Colliers International Provides its San Diego County office report for the third quarter 2020

LA-based JRK Property Holdings Expects to Complete $1.6 Bil in Deals by Year End
10/06/20
Purchase of 538-unit Washington DC asset is first of multiple acquisitions and dispositions

Highgate to Acquire Six Hospitality Portfolios from Colony Capital in $2.8 Bil Transaction
9/28/20
Deal consists of 22,676 rooms across 197 hotel properties

After Depressed Second Quarter, U.S. Hotel Industry is on Recovery Path
9/25/20
CBRE report projects steadily increasing industry demand

LifeStance Health Inks Nine Leases in the L.A. Area Deals total over 44k sf
9/24/20
Deals total over 44k sf

Long Beach Multifamily Sales Volume Down 50% for the First Half of 2020 Compared to 2019
9/17/20
Kidder Mathews shares analysis of the market downturn

Silicon Valley Sees Sixth-Most Data Center Leasing in North America in H1 2020
9/16/20
An increase in remote working and content streaming due to COVID-19 pandemic reinforces importance of data center reliability, according to CBRE report

Net-Lease Comprises Bigger Share of Commercial Real Estate Investment Activity
9/04/20
Greater Los Angeles and the Inland Empire were among the top five markets for investment volume in Q2 per CBRE report

Construction Spending Edges Higher in July
9/03/20
Latest update from Wells Fargo Securities Economics Group shows residential strengthened, while nonresidential declined

Excel Packagingís HQ Becomes First OC WELL-Certifiedô Space
9/03/20
H. Hendy Associates ensured the space met all 36 mandatory preconditions for certification

Tauro Capital Advisors Arranges Three Real Estate Debt Facilities Totaling $50 Mil
8/24/20
Financings will be used for development of single-tenant, NNN-leased projects

Clean Up in the Laundromat Biz!
8/13/20
PWS Laundry looking to open 30 Ė 50 new locations across the U.S. in the next 12 months

Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
8/12/20
Arrangement include launch of a new design studio, AO Science + Technology

Check Out RENTV's Latest Podcast!
8/11/20
In this informative and fast-paced podcast, RENTV CEO Steve Bloom takes listeners through the week's major CRE news stories, tech updates and notable events, in addition to commenting on important issues for the industry.

BH Properties Launches Program to Finance and Acquire Troubled Properties
7/21/20
Firm expects owners of smaller projects to need assistance as government moratoriums from COVID 19 expire later in the year



 


 


 


 
 





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