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• Rexford Industrial Realty Buys 76k sf OC Industrial Property
7/20/23
Rexford Industrial Realty purchased a 76k sf, infill light industrial facility in the OC city of Cypress. The property, located at 5630 Cerritos Ave, was sold by Penwood Real Estate Investment Management LLC, through its fift...
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• OC Medical Office Building Trades for $600/sf
7/20/23
Harbor Medical Clinic, a 3.6k sf, multi-tenant medical office property in Costa Mesa, traded for $2.175 mil, or $603/sf. The buyer plans to occupy the vacant space with their medical business.
Harbor Medical Clinic, located ...
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• OC Apartment Trade Comps at $354k/Unit
7/19/23
In a recent OC apartment sales comp, a 12-unit multifamily property in Anaheim sold for $4.25 mil or $354k/unit. The property was purchased by a private investor in a 1031 exchange.
Located at 921-927 S. Trident St, the pro...
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• Wood Investments Companies Spends $7 Mil at 99 Cents Only Store in San Clemente
7/18/23
Wood Investments Companies Inc has acquired a 25.5k sf, freeway-visible retail property occupied by a 99 Cents Only Store in San Clemente, in an off-market transaction. The purchase price was $6.95 mil ($272/sf).
The 99 Cent...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
7/18/23
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• New Affordable Housing Project in L.A.’s Westlake North Area Lands $11.75 Mil in Permanent Financing
7/18/23
West Hollywood Community Housing Corporation has obtained $11.75 mil in forward permanent financing for Third Thyme, a 104-unit, affordable multi-housing community in Los Angeles. Third Thyme is situated on a 14.9k sf lot at ...
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• Private Investor Spends Just Over $7 Mil for Corona Car Wash
7/17/23
Merit Auto Spa, a full-service car wash center in Corona, sold in a $7.157 mil transaction that included both the business and the real estate. The recently renovated car wash, located at 465 N. McKinley St, is an outparcel t...
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• Trio of OC Apartment Trades Total Nearly $5.5 Mil
7/17/23
Here are a few recent apartment sales comps from Orange County as three four-unit properties were acquired by three separate private buyers in deals totaling $5.48 mil over a period of 10 days.
In one of the transactions, a ...
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• Second Phase of Altadena Senior Living Facility Gets Started
7/17/23
Construction has begun on the second and final phase of Episcopal Communities & Services’ MonteCedro senior living community in Altadena. Totaling approximately 101.9k sf, the additional construction to MonteCedro Senior Livi...
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• Cintas Uniform Rental Leases 37k sf Pico Rivera Industrial Property
7/14/23
Cintas Uniform Rental inked a 10-year lease for a 37k sf, industrial outdoor storage property in Pico Rivera. The property, located at 7748 Industry Ave, includes a 10.2k sf warehouse.
Cintas, which also operates out of a di...
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• Work Started on Renovation of Downtown San Diego Office Tower
7/13/23
Alaska Permanent Fund Corporation (APFC) has started construction on the $13.4 mil renovation of Five50West, a 20-story, 362.8k sf office building located at 550 West C Street in downtown San Diego. A San Diego landmark and s...
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• Medical Office Building in Encinitas Goes for $673/sf
7/13/23
A two-story, 10k sf multi-tenant medical office building in Encinitas sold for $6.735 mil ($673/sf). The property, located at 1011 Devonshire Dr, was acquired by 1011 Devonshire LLC.
The property was approximately 89% leased...
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• Work Gets Started on New Hilton Hotel in Arcadia
7/12/23
Construction is underway on Hilton’s latest hotel in Arcadia, a 173-room facility located at 123 W. Huntington Dr, near the 210 Fwy. The project is a development of VG Properties and is being built by R.D. Olson Construction....
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• American Plus Bank Spends $5.4 Mil on Arcadia Office Assets
7/12/23
American Plus Bank acquired two office/flex buildings totaling 11.8k sf and an adjacent lot in Arcadia in a recent $5.38 mil transaction. The two buildings are located at 128 and 130 E. Huntington Dr, while the lot is located...
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• Bridge Logistics Properties Pays $6.5 Mil for Wilmington Container Yard
7/12/23
A 38k sf truck and container yard in Wilmington sold for $6.55 mil ($172/sf). The property, located at 336 E. D St near the Port of Los Angeles, was purchased by Bridge Logistics Properties (BLP).
The site, which includes a ...
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• BKM Capital Partners Buys 130k sf Industrial Park in Carlsbad
7/11/23
BKM Capital Partners has acquired Commerce Carlsbad, an eight-building, 129.9k sf multi-tenant industrial park in Carlsbad. The project will be renamed “Pacific Coast Industrial Center” as part of BKM’s signature capital impr...
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• San Fernando Valley Apartment building Goes for $450k/Unit
7/10/23
In a recent apartment sales comp from the San Fernando Valley, an eight-unit property in Sherman Oaks sold for $3.6 mil, or $450k/unit. We’re told this deal marks a record-high price-per-unit for a rent-controlled apartment b...
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• Swing Set Productions Takes Long Beach Creative Office Space
7/07/23
Swing Set Productions inked a 10-year, $5 mil lease for a 10.8k sf, creative office space in Long Beach. The space is located in Airway Office Park at 3816 Stineman Ct, north of the 405 Fwy and west of Lakewood Blvd.
Swing S...
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• AMK Auto Group Buys Otay Mesa Industrial Site
7/07/23
AMK Auto Group paid $5.84 mil for a 2.9-acre industrial yard property in Otay Mesa. The property is located at 7680 Paseo De La Fuente, east of State Route (SR) 11 and SR 125 with direct access to the new Otay Mesa II Port of...
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• Meriwether Companies Acquires Morgan Run Club & Resort in Rancho Santa Fe
7/06/23
Meriwether Companies has acquired Morgan Run Club & Resort in Rancho Santa Fe, one of Southern California's most affluent communities. The resort, formerly known as Whispering Palms, is located at 5690 Cancha De Golf. A pric...
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