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• Grocery Outlet Leases Former Rite Aid Space in Hollywood
12/02/24
Grocery Outlet has leased a 16.5k sf former Rite Aid space within the Gower Shopping Center in the heart of Hollywood. The property is located at 6130 W Sunset Blvd, at the prominent, signalized intersection of Sunset Blvd an...
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• Owner/User Pays $10 Mil for Torrance Industrial Building
11/27/24
A 25.2k sf industrial building in Torrance was purchased for $10.2 mil ($405/sf) by George Giourof of KB Delta, a family-owned manufacturing and supply business.
The free-standing building, located at 3171 Fujita St, sits o...
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• Monrovia Medical Office Building Trades for Nearly $400/sf
11/27/24
Huntington Professional Center, a 20.6k sf, professional office and medical center in Monrovia, sold for $7.65 mil ($371/sf). The two-story building, located at 831 E. Huntington Drive, is 100% occupied.
The property is 20.6...
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• Dunbar Real Estate Investment Management Spends $19 Mil on Riverside Biz Property
11/26/24
SoCal-based Dunbar Real Estate Investment Management has acquired Summit Business Center, a 138.7k sf business park in Riverside, in a $19 mil ($137/sf) transaction. Dumbar is a private equity firm specializing in repositioni...
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• Newly Renovated The Ranch at Newport Bay is 100% Occupied with Latest Signing by Verde
11/26/24
Space Investment Partners has completed an $11 mil renovation of The Ranch at Newport Bay, a 60k sf, grocer-anchored mixed-use retail property located at 2651-2675 Irvine Ave in Costa Mesa. The most recent signing at the cent...
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• Rancho Bernardo Office/Flex Building Gets New Owner in $10 Mil Deal
11/26/24
A 35.3k sf, fully vacant office/flex building in San Diego traded for $9.95 mil ($282/sf) in an all-cash, off-market deal. The property is located at 16980 Via Tazon, just west of the 15 Fwy in the Rancho Bernardo area.
Orig...
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• Canyon Creative Design Leases Adjacent Creative/Office Buildings in Hollywood
11/22/24
Los Angeles-based Canyon Creative Design has inked a long-term lease for two adjacent, creative office/flex buildings totaling 14.4k sf in Hollywood. The firm plans to use the buildings, located at 6165 and 6121 Santa Monica ...
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• Parallel Capital Partners Closes $14.5 Mil San Diego Industrial Buy
11/21/24
Parallel Capital Partners spent $14.5 mil on two freestanding industrial buildings totaling 72.8k sf ($199/sf) of space located at 5965 and 5975 Santa Fe St, just east of I-5 and south of Hwy 52 in San Diego.
The buildings w...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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• San Diego County Water Authority Spends $38.7 Mil on New Industrial Facility in Escondido
11/21/24
San Diego County Water Authority purchased a newly completed, 88.6k sf freestanding industrial building on 9.5 acres in Escondido in a $38.76 mil transaction. The asset was sold by RPG in a deal that works out to $437/sf.
T...
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• Inland Empire Retail Center Fetches $373/sf
11/21/24
Center Point Plaza, a 28.9k sf retail property in the Inland Empire city of Yucaipa, traded hands for $10.8 mil, or $373/sf. The property is located at 33490-33492 Oak Glen Rd, just south of Yucaipa Blvd.
Constructed in 2007...
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• Carlos Lopez Joins SRS Real Estate Partners
11/19/24
Carlos Lopez has joined SRS Real Estate Partners as Executive Vice President, Capital Markets in the firm’s Newport Beach office. Lopez brings nearly 30 years of experience to his new role specializing in the sale of si...
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• Two San Clemente Apartment Sales Generate $4.8 Mil
11/19/24
Two six-unit multifamily properties in San Clemente were purchased by private investors in separate deals that totaled $4.82 mil.
In one of the transactions, a Newport Beach-based investor paid $2.22 mil for a six-unit ($370...
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• L.A. Investor Buys 250k sf San Gabriel Valley Shopping Center
11/19/24
Huntington Oaks Center, a 250.8k sf community shopping center in Monrovia, was acquired by an L.A.-based investor. The center is located at the intersection of Route 66 (Huntington Dr) and the Huntington Drive off-ramp of the...
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• Sudberry Properties Finishes Work on 360-Space Parking Structure at New Mission Valley Res Project
11/18/24
Sudberry Properties has completed construction of the 360-space, six-level parking structure at The Brynn, the firm’s fourth apartment community at Civita in Mission Valley. Sudberry is the master developer of the 230-acre Ci...
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• Rockefeller Group Finishes Work on 260k sf Distribution Center in the Inland Empire
11/18/24
Rockefeller Group has completed construction of a 260k sf distribution center on 14 acres in the Inland Empire city of Perris. The project, Patterson Commerce Center, includes 36’ clear ceiling heights, 56’ x 60’ column spac...
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• New K-8 School Completed for the Chino Valley Unified School District
11/17/24
Legacy Academy K-8 School at The Preserve at Chino, a 38-acre master-planned community, has been completed and is now open to the public. The all-new $51 mil public school will serve more than 1,250 students in the Chino Vall...
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• San Diego Multifamily Asset Trades for Over $82 Mil
11/15/24
Market Street Village Apartments, a 229-unit residential community in East Village, the fastest-growing neighborhood in Downtown San Diego, sold for $82.2 mil, or $359k/unit. The asset was sold by Equity Residential.
Located...
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• Ballard Partners Spends Over $3 Mil for Hollywood Office Building
11/15/24
Brian Ballard of Ballard Partners picked up an office property in Hollywood for $3.25 mil. The property, located at 747 Seward St, is adjacent to a Class A office building at 743 Seward St that Ballard purchased for $10.95 mi...
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• Escondido Multifamily Property Fetches $564k/Unit
11/15/24
A 14-unit townhome complex in Escondido traded hands in a recent $7.9 mil ($564k/unit) transaction. The extensively renovated property, located at 938 North Fig St, consists of all large two-story, three-bedroom, two-and-a-ha...
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