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• MIG Real Estate Closes $61 Mil Res Buy in Orange County
8/17/23
In a notable OC multifamily buy, MIG Real Estate LLC purchased Newport Palms, a 138-unit apartment complex in Costa Mesa, for $61.1 mil ($443k/unit). According to MIG, this is the largest multifamily investment in the city in...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
8/15/23
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• KTI Hydraulics Inc Buys OC Hi-Tech Facility in $26.5 Mil Deal
8/11/23
KTI Hydraulics Inc purchased a 71.6k sf, high-tech manufacturing property in Tustin for $26.5 mil, or $370/sf. The property, located at 1311 Valencia Ave, was sold by Stos Partners.
Stos Partners acquired the asset in Decemb...
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• Retail Building in Banning Sold for $393/sf in Exchange Deal
8/11/23
A 17.3k sf retail building in Banning was acquired by a local private investor completing a 1031 exchange for $6.8 mil ($393/sf). The single-tenant property is occupied by Rite Aid on a double-net lease.
Built in 2009, the ...
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• OC Four-Plex Goes for Nearly $400k/Unit
8/11/23
A four-unit multifamily property in Orange County sold for $1.59 mil ($397.5k/unit), in a deal that came in at 99% of the list price and $462 per square foot. The single-story property is located on a spacious 10.8k sf parcel...
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• Beverly Hills Investor Exchanges into Trio of Temecula Industrial Buildings
8/10/23
A Beverly Hills-based 1031 exchange investor spent $13.55 mil on three buildings totaling 68.1k sf of space in the Highland Business Center in Temecula. The properties were sold by Providence Real Estate Group.
The three bui...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• LBA realty Spends $37 Mil on Inland Empire Industrial Facility
8/10/23
LBA Realty purchased a 96.5k sf industrial building located on 4.7 acres of land in Fontana for $37 mil ($383/sf). The property, located at 16355-16381 Slover Ave, was sold by Newcastle Partners.
Newcastle completed construc...
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• National City Apartment Property Sells for $3.84 Mil
8/09/23
In a recent apartment sales comp out of San Diego County, a 16-unit multifamily property in National City sold for $3.836 mil, or $240k/unit. The property, located at 1019-1049 E Ave, consists of all one-bedroom/one-bath, 343...
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• DMI Real Estate Collects $25.5 Mil from Sales of Two OC Shopping Centers
8/09/23
DMI Real Estate has sold a pair of newly renovated, stabilized retail shopping center assets in Orange County to separate buyers in deals totaling $25.5 mil. According to Cushman & Wakefield tracking, the sale of the combined...
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• KB Homes Buys former Starlite Drive-In in El Monte for $24 Mil
8/09/23
A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte sold for $24 mil. The buyer, Los Angeles-based KB Homes, a Fortune 500 national home builder, will use the property to construct up to 200 new h...
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• Local Investor Buys Eight-Unit Multifamily Property in Long Beach
8/08/23
A local private investor paid $2.65 mil for an eight-unit ($331k/unit) multifamily property located at 1206 Gladys Ave in Long Beach.
Built in 1986, 1206 Gladys Avenue features all two-bedroom, two-bathroom units with two h...
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• Costa Mesa Mixed-Use Investment Trades for $3.2 Mil
8/08/23
A 7.5k sf, mixed-use property in Costa Mesa traded hands in a $3.2 mil transaction. The property, comprising 12 residential apartment units and a street-front retail building, sold for $425 per square foot and $246.2k per uni...
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• ASML Leases 55k sf at New Project in San Diego’s Rancho Bernardo Area
8/04/23
Netherlands-based semiconductor manufacturer ASML inked a long-term lease for 55.2k sf of space at Via Del Campo Court II, an 80.7k sf building under construction in San Diego’s Rancho Bernardo submarket.
The Class A offic...
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• Sunstone Development Acquires Disneyland Adjacent Hotel
8/03/23
Sunstone Development acquired Budget Inn, a 24-key limited-service hotel in Anaheim. The 60-year-old property is located at 1042 Ball Rd, west of I-5 just north of Disneyland.
Sunstone intends to explore long-term alternati...
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• National City Industrial Building Gets New Owner in $20 Mil Trade
8/03/23
A Los Angeles-based private investor paid $20.33 mil for a 78.7k sf ($258/sf) industrial building in National City as part of a 1031 exchange.
The property sits on 2.33 acres at 131 West 33rd St, east of I-5 and north of Hw...
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• Kilroy Lands $375 Mil Financing on Del Mar Mixed-Use Campus
8/03/23
Here’s a quick brief on a major SoCal financing deal. Kilroy Realty Corporation has landed new financing of $375 mil on One Paseo, a world-class, mixed-use campus that spans across 36 acres located in San Diego’s vibrant subm...
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• Investor Pays $252k/Unit for Fontana Apartment Building
8/02/23
A 25-unit multifamily community in Fontana sold for $6.3 mil, or $252k/unit.
Built in 1973, the property is located at 8919 Mango Ave. It offers a mix of one-bedroom, two-bedroom (townhouse-style), and three-bedroom floorpla...
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• OC Superior Grocers Property Sells for $200/sf
8/02/23
A 34.2k sf, single-tenant retail property occupied by Superior Grocers in Buena Park was purchased by a SoCal-based investor in a $6.875 mil ($201/sf) deal. Superior Grocers is an independent supermarket chain with more than ...
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• Long Beach Multifamily Property Goes for $398k/Unit
8/02/23
Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in Long Beach, was purchased by an LA-based private investor for $7.165 mil ($398k/unit).
Built in 1963, the property includes four thre...
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