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The Landmark Company Acquires Just Under Five Acres in Upland for Development 5/31/23 The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
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Construction of $400 Mil Downtown San Diego Mixed-Use Project Tops Out 5/26/23 Holland Partner Group, North America Sekisui House and Lowe announced today that they have reached the topping out phase in the development of West, a $400 mil, 37-story mixed-use project located at 1011 Union St in downtown ...
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EverWest Real Estate Investors Buys 101k sf Warehouse in Carson 5/26/23 EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101.2k sf warehouse facility situated immediately off of the 710 Fwy and I-405, just north of the Ports of Long...
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Cabrillo Credit Union Picks Up 20k sf Office Building in Kearny Mesa 5/26/23 Cabrillo Credit Union paid $7.89 mil for a 20k sf ($394/sf) office building in Kearny Mesa. The building is located at 3710 Ruffin Rd, west of I-15 and north of Aero Dr.
The two-story building features solar panels, open cei...
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Turnbridge Equities Buys 3.6 Acres of Land in Rancho Dominguez 5/25/23 Turnbridge Equities purchased 3.6 acres of covered industrial-zoned land in Rancho Dominguez. Located at 19500 and 19520 S. Rancho Way, the site currently includes two buildings totaling 53k sf and is leased to eight tenants ...
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Puratos Corporation Leases 87k sf Gardena Facility 5/25/23 Puratos Corporation leased an 86.9k sf,state-of-the-art warehouse/distribution facility in Gardena that was recently completed. The class A warehouse/distribution facility, located at 15601 S Avalon Blvd, sits in the heart of...
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DivcoWest Buys 72k sf Life Science Building in Torrey Pines 5/25/23 DivcoWest has purchased a fully leased, 72.5k sf Class A life science building in the heart of the Torrey Pines research cluster. The property is located at 11119 N. Torrey Pines Rd, just west of the confluence of I-5 and I-8...
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Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project 5/24/23 Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
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Long Beach Apartment Building Goes for $275k/Unit 5/24/23 A four-unit apartment building in Long Beach sold for $1.1 mil or $275k per unit. The apartment building, located on a 3k sf corner lot at 801 Atlantic Ave, was built in 1914 and comprises four units, including two three-bedr...
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New Mercedes-Benz Classic Center Completed in Long Beach 5/23/23 Mercedes-Benz USA has completed work on the world’s second Mercedes-Benz Classic Center, an international destination for the luxury brand’s car enthusiasts. Designed by interior architectural design firm Hendy, the Long Beac...
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El Cajon Apartment Building Trades for $262k/Unit 5/23/23 A 22-unit apartment building in El Cajon traded hands in a recent $5.775 mil ($262.5k/unit) transaction. Built in 1986, the property is located at 299 Wisconsin Ave, south of I-8 and west of Magnolia Ave in the city’s downtow...
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Avison Young Awarded Leasing Assignment for 337k sf Office Highrise in Brentwood 5/23/23 LaSalle Investment Management has awarded the leasing assignment for 11755 Wilshire Blvd, a 24-story, 337.4k sf Class A office building in the Brentwood submarket on Los Angeles’ westside to Mitch Stokes and Mark Mattis with ...
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Thousand Oaks Multifamily Portfolio Hits the Market 5/22/23 A two-property, 399-unit multifamily portfolio in Thousand Oaks has been put on the market. The portfolio includes Los Robles Apartments, a 253-unit property built in 1972 and The Retreat at Thousand Oaks, a 146-unit apartmen...
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New 55k sf Dining Hall Completed as Part of Renovation at Westfield Topanga Center 5/22/23 Topanga Social, a new 55k sf dining hall at Westfield’s Topanga Mall in the western San Fernando Valley, has opened to the public. The project, part of the 250k square-foot renovation and expansion of Westfield Topanga Center...
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San Diego CVS Pharmacy Sells for $5.8 Mil 5/19/23 A 17k sf, freestanding CVS Pharmacy in San Diego sold for $5.8 mil ($341/sf). The building sits on a 2.59-acre parcel located at 14589 Camino Del Norte, at the intersection with Carmel Mountain Rd.
Adam Friedlander with Beta...
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Corona Quick Quack Car Wash Ground Lease Deal Closes at 4.4% Cap Rate 5/18/23 A SoCal private investor spent $4.46 mil on a Corona ground lease property occupied by a 3.6k sf Quick Quack Car Wash. Built in 2022 and situated on just under one-acre, the property is located at 850 N. Main St. The property...
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South Bay Office Building Picked Up for $24.75 Mil 5/18/23 Affiliates of Borstein Enterprises purchased DYAD South Bay, a two-building two-story office campus totaling approximately 116.2k sf on 5.22 acres of land in Torrance. The project, located at 19700 and 19750 South Vermont Ave...
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Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire 5/17/23 Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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Neighborhood Center in Temecula Trades for $28 Mil 5/17/23 Meadows Village Center, a 67.3k sf neighborhood grocery-anchored center in Temecula, was acquired by Newport Beach-based RA Centers for $27.7 mil. Tenants at the center, Barons Market and CVS Pharmacy, were not a part of the ...
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Private Investor Spends $15 Mil on Two SoCal Chick-fil-A Ground Lease Properties 5/17/23 A SoCal-based private investor purchased two Chick-fil-A ground lease assets for $15 mil. The assets are located in the Southern California cities of Palm Desert and Mission Viejo. The blended closing cap rate was 3.83%, mark...
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