|
• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
|
• JRK Property Holdings Buys 394-Room Hilton La Jolla Torrey Pines Hotel in $165 Mil Deal
7/19/24
JRK Property Holdings has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla from Braemar Hotels & Resorts for $165 mil. JRK made the purchase through its through its $350 mil Hospitality Fund.
The resort sits on...
|
• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
|
• Avis Budget Leases 91k sf Facility in National City
7/18/24
Avis Budget Car Rental LLC has leased a 91.5k sf industrial building in National City and is scheduled to take occupancy on August 1. Terms of the deal were not disclosed.
Situated on over 12 acres at 901 Bay Marina Dr, the...
|
• New 114k sf Academic Facility Completed at University of California, San Diego
7/18/24
Work has been completed on a new nine-story, 114k sf state-of-the-art academic facility prominently located at the corner of La Jolla Village Drive and Villa La Jolla Drive in San Diego. The new building sits directly across ...
|
• Gelt Venture Partners Closes $53 Mil Multifamily Buy in Vista
7/18/24
Gelt Venture Partners LLC (GVP) has acquired Rancho Hills Apartments, a 148-unit multifamily property in Vista, for $53.5 mil, or $361.5k/unit. Built in 1986, the property is located at 856 Heatherwood Lane, southwest of Hwy ...
|
• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
|
• Renovated Industrial Building in the City of Industry Trades for $374/sf
7/17/24
An 18.7k sf industrial building in the City of Industry traded in a recent $7 mil ($374/sf) transaction. It was acquired by a private investor in a deal with a closing cap rate of 5.20%.
The three-unit, NNN-leased structure ...
|
• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
|
• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
|
• Medical Outpatient Building in Chula Vista Gets a New Owner
7/11/24
Cypress West Partners in a joint venture with TPG Angelo Gordon, bought 450 4th Ave, a 37k sf medical outpatient building in Chula Vista. The price was not disclosed.
450 4th Ave is located on the campus of the 173-bed Scrip...
|
• Five-Unit Huntington Beach Multifamily Property Trades for Over $2 Mil
7/11/24
Tec Center Equities LLC paid $2.15 mil for a five-unit multifamily property in Huntington Beach. The Delaware Street property sits on a 16.7k sf street-to-street lot zoned RM (Residential Medium Density) and consists of two d...
|
• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
|
• Costa Mesa Commercial Building Goes for Over $1,000/sf
7/11/24
A 3k sf industrial building located at 123 Monte Vista Ave in Costa Mesa sold for $3.2 mil, or $1,054/sf. The unnamed buyer plans to utilize the property for personal purposes.
Stefan Rogers with Voit Real Estate Services re...
|
• La Mirada Industrial Building Fetches $420/sf
7/10/24
A 22k sf industrial building in La Mirada recently traded in a $9.25 mil ($420/sf) transaction. It was acquired by an owner/user. Built in 1964, the building offers I-5 Fwy frontage with 24-foot clear height.
The warehouse p...
|
• OC Industrial Asset Goes for $248/sf
7/10/24
A 20.2k sf, multi-tenant manufacturing building in Placentia traded for $5 mil, or about $248/sf. The property is located at 1049 S Melrose St, within a 4.13-acre master-planned industrial park comprising 11 buildings and tot...
|
• Dunleer Spends Over $9 Mil for Two SoCal Industrial Assets
7/09/24
L.A.-based Dunleer acquired two fully occupied, SoCal multi-tenant business parks in deals totaling $9.39 mil. The properties are located in Huntington Beach and Baldwin Park and total 40k sf of space.
In one of the deals, t...
|
• Three OC Multifamily Triplexes Sell in Deals Worth a Combined $7 Mil
7/03/24
Three multifamily triplex properties in Orange County traded hands in recent deals to separate buyers totaling $7.05 mil.
In one of the transactions, a three-unit multifamily property, which included a non-conforming unit, a...
|
• Mixed-User in Del Mar Goes for $283/sf
7/03/24
Polo Plaza, a 63.6k sf mixed-use property located in Del Mar, sold for $18 mil, or $283/sf. The buyer was Brixton Capital.
The property is located at 3702 and 3790 Via De La Valle, nestled between the entrance to idyllic R...
|
• Absolute Ground Lease for a Single-Tenant McDonald’s in Fountain Valley Sold for $3.85 Mil
7/02/24
A single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley sold for $3.85 mil for the absolute triple-net ground lease, representing a 3.55% cap rate. Built in 2011 on 1.04 acres, the 3.5k sf McDonald’s i...
|
Return to the Southern California area
