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December 5, 2023
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SOUTHERN CALIFORNIA NEWS
Archive
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• CGI+ Real Estate Investment Strategies Finishes Lazy Acres Store in L.A.ís Los Feliz Neighborhood
8/01/23
Work has been completed on a 31k sf, stand-alone grocery store in Los Angelesí Los Feliz neighborhood on behalf of Lazy Acres Natural Market. For the Santa Barbara-based grocery store chain, the location is the firmís sixth...
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• Investor Foots the Bill for Vans Store in Long Beach
7/31/23
A 3.7k sf, single-tenant retail property occupied by Vans in the historic Belmont Shore neighborhood of Long Beach sold for $4.325 mil ($1,153/sf). Built in 1926, the property is located at 5232 2nd St. The asset is triple n...
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• Express Dry Buys Escondido Industrial Building in $4.4 Mil Deal
7/31/23
Express Dry has acquired a 14k sf freestanding industrial building located at 1449 Simpson Way in Escondido for $4.38 mil ($313/sf). The new building will be used for the companyís expansion in Escondido. 1449 Simpson Way i...
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• Inglewood Owner Lands $24.5 Mil in Refinancings on Two Inglewood Properties
7/28/23
Two properties in the City of Inglewood were refinanced for a single investor in transactions totaling $24.55 mil. The properties area a single-tenant medical office building and a single-tenant industrial asset, both located...
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• Work Started on Retail Center in OCís Little Saigon District
7/27/23
Construction has broken ground on Bolsa Row Terrace, a new 26.2k sf shopping and dining destination in Orange Countyís Little Saigon District, home to the nationís largest Vietnamese-American population. The project is being ...
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• CapRock Partners Buys 92k sf Biz Campus in the San Gabriel Valley
7/27/23
CapRock Partners purchased Valley Center Business Park, a 6.47-acre multi-tenant industrial complex in the City of Industry. The asset includes approximately 92.4k sf of industrial warehouse space across six existing buildin...
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• The Inn at Rancho Santa Fe Gets New Owner in $100 Mil Deal
7/27/23
The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego Countyís exclusive enclave of Rancho Santa Fe, traded hands in a $100 mil transaction. The asset sits on a 21-acre site a...
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• Ares Management Entity Buys 200k sf Otay Mesa Distribution Property
7/27/23
Runway Distribution Center, a newly built distribution facility totalling 200k sf in Otay Mesa, was acquired by an Ares Management real estate fund. The property was sold by Lincoln Property Company and a real estate fund adv...
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• Otay Mesa Industrial Project Purchased by T&S Empire LLC
7/26/23
Empire Centre, a 132.7k sf, multi-tenant industrial project on more than 8.5 acres in the Otay Mesa community of San Diego, was acquired by T&S Empire LLC. The price was not disclosed. Built in 1999, the property consists of...
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• Rosemead Development Site Sells for Over $8 Mil
7/26/23
A local investor paid $8.15 mil for a 2.06-acre, mixed-use residential/commercial development site in Rosemead. The property, located at 9637 Valley Blvd, consists of 12 contiguous parcels situated along Valley Blvd, with Lo...
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• KB Homes Acquires 13.5-Acre Parcel in the San Gabriel Valley
7/25/23
A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte traded 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...
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• Pacific Clinics Leases 18k sf of Office Space in South Pasadena
7/25/23
Pacific Clinics inked a lease for 18.4k sf of office space in South Pasadena. The property, located at 625 Fair Oaks, on the south side of the 110 Fwy, is owned by Greenbridge. Situated within L.A.'s Tri-Cities office submar...
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• Santee Industrial Property Sold in $3.95 Mil Deal
7/24/23
A 13.7k sf industrial property in Santee was purchased by a SoCal-based 1031 exchange buyer in a $3.95 mil ($289/sf) deal. It was sold by Whittier Trust Company. The building, built in 1982, is located at 9425 Wheatlands Cou...
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• Trio of Carlsbad Retail Properties Fetch $23.5 Mil
7/24/23
Three retail properties in Carlsbad -- Kingís Fish House, P.F. Changís and BJís Restaurant Ė sold to separate buyers in deals totaling $23.525 mil. The properties, all located along Paseo Del Norte, were sold by California-ba...
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• Investor Exchanges into 37k sf Laguna Hills Industrial Asset
7/24/23
Alcalde Business Center, a three-building, 37.3k sf multi-tenant industrial business park in Laguna Hills, was acquired by a private 1031 exchange investor for $13.95 mil ($374/sf). Located on a 2.46-acre lot at 23151 Alcal...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
7/21/23
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• San Fernando Valley Industrial Building Purchased for $289/sf
7/21/23
A 37k sf industrial building in the western San Fernando Valley community of Chatsworth traded for $10.7 mil ($289/sf). The property, located at 9223 Deering Ave, was previously home to a database management company. Locat...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
7/21/23
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• IDS Real Estate Pays $126 Mil for 432k sf Industrial Project in the San Gabriel Valley
7/20/23
IDS Real Estate Group has acquired Azusa Industrial Center, a 432.5k sf, three-building industrial project located in Azusa, for $126 mil ($291/sf). Built during the mid-1980s and situated on over 23.6 acres, the multi-tenan...
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• Harbor Associates Buys Office Park in Valencia
7/20/23
In an investment deal in north L.A. County, Harbor Associates acquired The Commons of Valencia, a two-building, 156k sf Class A office park in Valencia. The asset, situated on just under nine acres at 25152 and 25124 Springfi...
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