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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
4/25/23
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riverside’s historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Colliers Awarded Leasing and Management of DTLA Office Tower
4/24/23
Colliers has been awarded the exclusive leasing and property management assignment of Downtown Los Angeles’ Gas Company Tower at 555 West 5th Street. The firm was retained by Gregg Williams of Trident Pacific Real Estate, who...
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• San Fernando Valley Apartment Building Sells for $231k/Unit
4/24/23
In a recent multifamily comp out of the San Fernando Valley, a 13-unit property located at 13440 Victory Blvd in Van Nuys sold for $3 mil, or $231k/unit. At the time of closing, five units were vacant and in various stages of...
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• J&L Realty Partners Pays $23 Mil for Hollywood Office Property
4/24/23
J&L Realty Partners purchased a five-story, 39.2k sf office building in the heart of Hollywood for $23 mil ($587/sf). It is located at 1777 Vine St, north of Hollywood Blvd.
The property, which is situated directly across th...
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• Irvine Flex/Office Building Sells for $11.8 Mil
4/21/23
A two-story, 41.6k sf flex-office building in Irvine sold for $11.87 mil ($285/sf). The building, located at 8 Hughes, was sold by Stivers Investment Company.
Built in 2000, the building is situated on 2.39 acres of land wit...
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• Downtown L.A. Multifamily Property Sells for $17.5 Mil
4/21/23
The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 mil, or $417k/unit. The buyer was a local investor.
Located at 1136 W. 6th St in one of the most desira...
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• Otay Mesa Industrial Lease Comp Comes Out to $1.28/sf/mo
4/21/23
In a San Diego-area industrial lease comp, HK Trans LLC inked a 62-month deal for 41.5k sf of space in Otay Mesa. The transaction, which works out to $1.28/sf/mo, is at 7615 Siempre Viva Rd, just north of the U.S. / Mexico bo...
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• ZEALOT Leases Top Floor Space at Hollywood High-Rise
4/20/23
ZEALOT has inked a long-term lease for 13k sf of space at Hollywood Entertainment Plaza located at 7080 Hollywood Blvd in the heart of Hollywood. ZEALOT, a creative marketing agency, will occupy the entire top floor of the 11...
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• Redcar Fund Management Closes Second Fund with $418 Mil in Equity Commitments
4/19/23
Redcar Fund Management has closed on Redcar Fund II (“Fund II”) with $418 mil in equity commitments. Through its successful debut Fund I, which closed in January 2020, Redcar acquired 15 assets which will total 1.4 msf upon c...
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• Rialto Multifamily Trade Works Out to $166k/Unit
4/19/23
Jackson Apartments, a 41-unit multifamily property in Rialto, sold for $6.8 mil ($166k/unit). The property was purchased by a private investor who owns several multifamily buildings in the area.
Constructed in 1971, Jackson ...
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• Sorrento Valley Office/Lab Building Sells for Over $450/sf
4/19/23
In a recent San Diego area sales comp, A two-story, 16.1k sf office and lab building in Sorrento Valley sold for $7.3 mil, or $453/sf. The building, located at 10717 Sorrento Valley Rd, was purchased by Aroga Real Estate LLC,...
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• Moorpark Site to Be Developed into 200-Unit Affordable Housing Project
4/19/23
An 18-acre development site in the city of Moorpark has traded hands. Danco, an affordable housing developer, has acquired 12 acres for construction of a 200-unit affordable multifamily housing project, with the remaining six...
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• Two Desirable Covered Land Listings in West Hollywood Hit the Market
4/19/23
Here’s the scoop on two covered land play opportunities in the city of West Hollywood. The listings, both on Fairfax Ave, are being marketed by Andrew Levant of Kennedy Wilson Real Estate Sales & Marketing.
Presently, 1019 N...
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• Historic Building in Downtown Los Angeles Acquired for Conversion into a Boutique Hotel
4/18/23
The Garfield Building, a 12-story, 102.2k sf historic structure in downtown Los Angeles, was acquired by a Bay Area investor in a $19 mil transaction. The deal closed on March 31, ahead of the enactment of Los Angeles’s prope...
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• Fast5Xpress Car Wash in Ontario Sells for $3.5 Mil
4/18/23
An OC-based private investor purchased a new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario, adjacent to the Ontario Mills Mall, one of the top shopping and tourist destinations in California...
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• Sky Zone Leases Rancho Cucamonga Space
4/17/23
Sky Zone inked a lease for 30.7k sf of space in Rancho Cucamonga for a new Sky Zone indoor entertainment park. The space, located at 12449 Foothill Blvd, is part of the 550k sf Wal-Mart- and Food 4 Less-anchored Foothill Mark...
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• Affordable Housing Project Gets Underway in Ontario
4/17/23
Related California has broken ground on Emporia Housing, a 50-unit affordable housing project in Ontario. The development, expected to reach completion by mid-Summer 2024, is being built by R.D. Olson Construction. Danielian ...
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• Champion Real Estate Company Secures $40 Mil Refi on OC Student Housing Property
4/14/23
Champion Real Estate Company has refinanced University Village Fullerton, a 121 unit/427-bed student housing property in Fullerton, with a new loan for $40.5 mil. The property is located at 2000 Oxford Ave, just north of Yorb...
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• Commercial Real Estate Financing Briefs
4/14/23
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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• Res Property in L.A.’s Koreatown Neighborhood Goes for $238k/Unit
4/13/23
Gramercy Townhouse, a 30-unit in L.A.’s Koreatown neighborhood, traded hands in a $7.15 mil ($238.3k/unit) deal. Located at 430 S. Gramercy Place, Gramercy Townhouse is a three-story apartment building with a mix of studio, o...
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