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• Lennar Homes Acquires 11-Acre Res Development Site in Poway
10/31/24
Lennar Homes acquired Harmon Ranch on Oak Knoll, a 10.87-acre land development site in Poway, for $24.5 mil. The land is fully approved for 64 single-family homes.
Located at 12624, 12650 and 12702 Oak Knoll Rd, the property...
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• Retail Portfolio in San Bernardino Sells for $7 Mil
10/31/24
A portfolio of four adjacent, separately parceled single-tenant, net-leased properties in San Bernardino traded in a recent $7 mil deal. The properties, located at 2505-2575 Highland Ave, are occupied by IHOP, Wienerschnitzel...
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• OC Investor Exchanges Out of One Anaheim Apartment Property and into Another in Deals Totaling $16.8 Mil
10/30/24
A private investor sold one multifamily property and acquired another, both in Anaheim, in recent 1031 exchange transactions totaling $16.77 mil. The assets, have a combined 53 units.
“Our client wanted to trade their existi...
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• Private Investor Buys 48k sf Single-Tenant Office Building in Rancho Cucamonga
10/30/24
A private investor acquired a 47.7k sf, NNN-leased office building in Rancho Cucamonga, in a recent sale/leaseback transaction valued at $21.5 mil ($449/sf). The property was sold by Citizens Business Bank.
The Citizens Busi...
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• Single-Tenant OC Retail Building Sells for $452/sf
10/30/24
A 15k sf, fully leased, retail building in Garden Grove sold for $6.78 mil ($452/sf). Constructed in 2005, the building is currently occupied by a single tenant, Dollar Tree, under a triple-net lease.
The free-standing build...
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• City of Industry Industrial facility Fetches $60 Mil
10/29/24
A 282.4k sf industrial property in the City of Industry was acquired for $59.9 mil ($212/sf) by Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant. Built in 1981, the property is located ...
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• San Diego Office Tower Sells for $27.5 Mil
10/29/24
Ambient Communities, a San Diego-based real estate development company, acquired 530 B Street, a 24-story, 250k sf office tower in downtown San Diego, for $27.5 mil ($110/sf).
Completed in 1966, the building is located at 53...
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• South OC Office Property Sells for $177 Mil Through Lengthy Auction Process
10/28/24
In news of a major office property trade in Orange County, the Ziggurat Building, a seven-story, 1 msf structure in Laguna Niguel, sold for $177 mil after a lengthy auction process that went on for months. The building, which...
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• New Inland Empire Chase Bank Retail Ground Lease Goes for $4 Mil
10/28/24
A Chase Bank retail property ground lease in the Inland Empire was acquired by a CA-based private investor in a $4 mil deal. The 3.5k sf building was constructed in 2024 and sits on 1.57 acres at 27980 Clinton Keith Rd in Mur...
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• L.A. Area Industrial Redevelopment Site Sells for Over $32 Mil
10/24/24
A 124.5k sf, LA-area industrial property has traded for $32.425 mil in an acquisition viewed as a strong redevelopment opportunity. The property, situated on 7.22 acres at 16930 Valley View Ave in La Mirada, has entitlements ...
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• C.W. Driver Companies Completes $59.8 Mil Visual Arts Campus for CSU Fullerton
10/23/24
C.W. Driver Companies has completed an 85.4k sf renovation and new construction combination project for California State University, Fullerton’s Visual Arts Complex. The $59.8 mil project includes the renovation and seismic u...
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• SteelWave and SteerPoint Capital Buy 593k sf Retail Center in Simi Valley
10/23/24
San Mateo-based SteelWave and LA -based SteerPoint Capital recently closed on the purchase of Simi Valley Town Center, a 593.8k sf shopping center in Simi Valley. According to industry sources, the deal closed at about $38 mi...
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• Rexford Industrial Buys 279k sf Facility in the Inland Empire
10/22/24
In a recent Inland Empire industrial trade, Rexford Industrial Realty acquired a fully leased 278.7k sf property in Fontana for $70.1 mil ($251/sf). The property is located at 13201 Dahlia St, east of I-15 and south of I-10.
...
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• Bellflower Apartment Property Sells for $175k/Unit
10/22/24
A 32-unit multifamily property in the city of Bellflower traded for $5.6 mil, or $175k/unit. The property, located at 15741 Blaine Ave, was acquired by a private investor.
Built in 1955, the property at 15741 Blaine Avenue o...
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• Unique L.A. Area Theater Property Hits the Market
10/22/24
Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is lo...
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• Pennsylvania Investor Spends $2 Mil on Yucca Valley Ground Lease for a New Quick Quack Car Wash
10/22/24
A private investor from Newton, PA acquired a new construction Quick Quack Car Wash in Yucca Valley, CA for $2.04 mil for the absolute triple-net ground lease. The car wash is located on a pad within a Stater Bros-anchored sh...
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• Breakthough Properties Opens 520k sf Life Science Campus in Del Mar Heights Fully Leased
10/18/24
Torrey View, a newly-developed, 10-acre life science campus in Del Mar Heights just celebrated its grand opening. The 520k sf campus, a development of Breakthrough Properties, has been fully pre-leased to a lineup of leading ...
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• Apartment Building in L.A.’s Castle Heights Area Sold for Just Over $200k/Unit
10/18/24
An 11-unit multifamily property at 3280 Provon Lane, just north of National Blvd, in the Castle Heights neighborhood of Los Angeles sold for $2.35 mil, or $213.6k/unit.
The property, which includes a non-conforming unit, of...
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• OC Office Campus Sells in $27.5 Mil Transaction
10/18/24
Tustin Financial Plaza, a 185.2k sf multi-tenant office property in Tustin, sold in a recent $27.5 mil ($148/sf) transaction. The five-building asset, located at 17772, 17782, 17822, 17852 and 17862 East 17th St, was purchase...
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• OC Multifamily Property Goes for $266k/Unit in an Off-Market Transaction
10/17/24
A 10-unit multifamily property at 3926 Franklin Avenue in Fullerton was purchased by a private investor for $2.665 mil in an off-market transaction. The deal comes in at $266.5k/unit and $360/sf.
Built in 1985, the two-story...
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