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• Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Tishman Speyer has begun construction on the first phase of the Santa Monica Collection, a portfolio of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The first phase of development encompasses four...
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• El Cajon Apartment Portfolio Trades in $16 Mil Deal
3/02/23
A three-property, 61-unit multifamily portfolio in El Cajon traded for $16.17 mil ($265k/unit). The sale consisted of the following properties:
• Sunshine Manor - located at 948 South Sunshine Ave, the Class C property (buil...
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• Thinkwell Relocates Well in Burbank
3/02/23
Thinkwell has signed a 5.5-year lease for 14k sf of flex/office/production space in Burbank. Thinkwell will occupy the majority of Empire Studios, a recently renovated, 17k sf building located at 2507 Empire Ave, north of Vic...
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• Investor Spends $3.2 Mil on New Inland Empire Quick Quack Car Wash Ground Lease
2/28/23
A private investor based in Rancho Palos Verdes purchased a new construction Quick Quack Car Wash in Moreno Valley, in a $3.2 mil absolute triple-net ground lease. The sale closed three months prior to the tenant’s formal ren...
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• $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
2/27/23
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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• Costa Mesa Industrial Sales Comp Works out to $315/sf
2/27/23
In a recent industrial sales comp, a 19.3k sf facility in Costa Mesa traded for $6.08 mil ($315/sf). The freestanding industrial / flex building totaling is located at 3587-3589 Harbor Blvd, just south of MacArthur Blvd.
The...
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• Covina Industrial Building Sells for $7.25 Mil
2/27/23
A fully vacant, 31.7k sf industrial building in Covina was purchased by an unnamed owner/user for $7.25 mil, or $229/sf. The property is located at 1165 E Edna Place.
The property was sold by Los Angeles-based Dunleer, who a...
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• Lew Horne to be Inducted into NAIOP SoCal Hall of Fame
2/24/23
Lewis “Lew” C. Horne, a well-respected leader in the commercial real estate industry and greater Los Angeles and Orange County business community, will be inducted into NAIOP SoCal’s Hall of Fame as part of the organization’s...
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• Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property
2/24/23
Ian Schrager and Ed Scheetz recently purchased the 139-key hotel property formerly known as the Standard Hotel in West Hollywood. The hotel property is located at 8300 Sunset Blvd, midway between La Cienega and Crescent Heigh...
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• Office Building in West Covina Gets New Owner in $22 Mil Trade
2/23/23
Atrium on the 10, a 100.7k sf office building in West Covina was purchased for $22.2 mil ($220/sf) by a Covina, CA-based nonprofit owner/user. The property, located at 2934 E Garvey Avenue South, sits alongside I-10, offering...
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• Palmdale Office Building Trades for $369/sf
2/23/23
A 58.1k sf, government-leased office building in Palmdale was acquired by an institutional real estate advisor in a recent $21.45 mil ($369/sf) transaction. The property was sold by San Francisco-based Catalyst Real Estate.
...
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• Westport Properties Spends $19 Mil on Inland Empire Self-Storage Asset
2/23/23
Irvine-based Westport Properties Inc picked up Chino Mini Storage, an 80.9k sf
self-storage facility in Chino for $18.8 mil.
Located at 13555 Ramona Ave, Chino Mini Storage consists of 13 buildings with 701 self-storage unit...
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• Investor Spends $9 Mil on Inland Empire Industrial Development Parcel
2/22/23
Windsor Exchange, an investor and developer based in Canada, has acquired a 15.63-acre land parcel located in the Inland Empire submarket of Moreno Valley for $9.1 mil. The potential industrial development parcel, located at ...
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• Two New 7-Eleven Stores in Riverside County Trade in Deals Totaling Over $10 Mil
2/22/23
Two new properties leased by 7-Eleven in Riverside County has been pre-sold to different buyers in deals totaling $10.15 mil.
In one of the transactions, a private investor from San Bernardino paid $5.15 mil for a new constr...
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• New Inland Empire Retail Center Lands $13.4 Mil Refi
2/17/23
Ledo Capital Group has secured a refi loan of $13.4 mil on The District Moreno Valley, a new, 52.1k sf, Sprouts-anchored retail center located in Moreno Valley. Completed in 2022, The District Moreno Valley is anchored by Spr...
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• Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
2/16/23
Cityview is looking at a fourth quarter 2023 completion for Belle on Bev, a 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) District. The mixed-use, LEED Silver project, located at 1800 Beverly...
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• R.L. Jones Customhouse Brokers Leases 241k sf Industrial Facility in Otay Mesa
2/16/23
R.L. Jones Customhouse Brokers, an innovative logistical services provider, leased a brand new, 241k sf Class A industrial building in San Diego’s Otay Mesa submarket. The company is significantly expanding its headquarters o...
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• Brookfield Entity Defaults on $784 Mil of Loans on Two DTLA Office Towers
2/16/23
Brookfield DTLA Fund Office Trust Investor, one of the largest office landlords in downtown Los Angeles, has defaulted on $784 mil of loans on two DTLA office towers, according to multiple media reports. The publicly traded e...
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• Premier Workspaces to Reposition and Manage 30k sf Space in Aliso Viejo
2/15/23
Premier Workspaces has been selected by Rockhill Management to reposition and manage coworking operations at “The Heights” in Aliso Viejo. This modern, 30k sf space was formerly operated by TechSpace and most recently Industr...
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• San Fernando Valley Retail Center Trades in $58 Mil Deal
2/15/23
Gerrity acquired Victory Plaza, a 136.6k sf, grocery-anchored retail center in the eastern San Fernando Valley community of North Hollywood, for $57.75 mil ($423/sf). The asset was sold by Kennedy Wilson.
Located at 13007-13...
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