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• Rockefeller Group to Develop 415k sf Spec Industrial Project in Surprise, AZ
4/13/23
Rockefeller Group purchased a 25-acre parcel on Sweetwater Ave in Surprise, AZ for $12 mil. The company will develop Surprise Pointe Commerce Center, a 415k sf speculative distribution center, on the property.
The project ...
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• The Caine Group Buys 28k sf of Properties in Carlsbad Village
4/13/23
The Caine Group picked up three contiguous parcels totaling 28.4k sf in Carlsbad Village for $6.67 mil ($235/sf). The properties are located at 2801 Roosevelt St and 2780 – 88, 2802 State St.
Mas Fina Cantina owner Andy Davi...
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• George Urban Advisors, Five Horizons Partners and DRA Advisors Pick Up 851k sf SoCal Industrial Portfolio
4/12/23
George Urban Advisors, in partnership with Five Horizons Partners and DRA Advisors, has acquired a portfolio of seven industrial properties in Orange County and Los Angeles County. The properties encompass 851.1k sf of space ...
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• NewMark Merrill Companies Acquires 84k sf San Fernando Valley Retail Center
4/12/23
NewMark Merrill Companies Inc has acquired Corbin & Parthenia shopping center, an 83.7k sf community retail center located at 19555-19641 Parthenia St in the western San Fernando Valley community of Northridge. This is the ei...
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• Draftsmen & Craftsmen
4/12/23
Hendy has wrapped up work on a total interior renovation of the Pacific Life corporate headquarters building in Newport Beach. The 465k sf facility is located at 700 Newport Dr.
Dubbed by employees as, ‘Workplace Transformat...
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• Capital Improvement Program Well Underway at 597-Unit Marina del Rey Res Community
4/11/23
Equity Residential recently embarked on a $45 mil capital improvement program at Pearl Apartments, a 597-unit multifamily community in Marina del Rey, and has completed the first 87 upgraded residences. The asset is owned by ...
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• Newport Beach Apartment Property Goes for $720k/Unit
4/11/23
A five-unit multifamily complex in Newport Beach traded in a $3.6 mil deal, which works out to $720k per unit. Constructed in the 1970s, the property is located at 800-808 Amigos Way, just west of Jamboree Rd.
The complex is...
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• Hammer Ventures Spends $14 Mil on San Diego Area Biz Park
4/10/23
Hammer Ventures paid $14.25 mil for Sorrento Commerce Park, a two-building, multi-tenant industrial project in San Diego’s Sorrento Mesa submarket. The 35.5k sf ($401/sf) park was 100% leased to 11 tenants at the time of sale...
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• Sunrise Management Awarded Management Assignment for Two SoCal Multifamily Communities
4/10/23
Providence Capital Group has awarded the day-to-day management assignment for two SoCal res communities to San Diego-based Sunrise Management. The properties are Arte West, a 228-unit, four-story luxury community in Santa Ana...
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• Van Nuys Industrial Building Sells for $351/sf
4/10/23
A 48.4k sf, multitenant industrial building in Van Nuys was traded in a recent $17 mil ($351/sf) transaction. The San Fernando Valley asset was sold by Rexford Industrial Realty and acquired by Orion Business Park LLC, a Cali...
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• Barker Pacific Group and Kingsbarn Realty Capital Pay $82 Mil for 560k sf OC Office Complex
4/07/23
A joint venture between Barker Pacific Group and Kingsbarn Realty Capital acquired Griffin Towers, a 560k sf, office park featuring twin 13-story office buildings in Santa Ana, in an $82 mil transaction. The property was sol...
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• Warner Center Property Goes for $137/sf in Land Value
4/07/23
CBRE brokered the sale of 6036 Variel Avenue in Woodland Hills, a 1.21-acre multifamily mixed-use development site within Warner Center, for $7,200,000 which equates to $137 per square foot for the land.
CBRE's Laurie Lusti...
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• BKM Capital Partners Spends $25 Mil on 84k sf Biz Park in the Eastern San Fernando Valley
4/06/23
BKM Capital Partners has purchased Valley East Industrial Park an 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the park will be renamed Backlot N...
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• Two Manufacturing Buildings in Chatsworth Acquired for $20 Mil by Cosmetics Firm
4/05/23
Two cosmetic manufacturing sites in the western San Fernando Valley community of Chatsworth traded in a $20 mil transaction. The two free-standing buildings, located at 9530 De Soto Ave and 9533 Irondale Ave, contain a combin...
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• Vertical Ventures Picks Up 233k sf of San Diego Area Industrial Space
4/05/23
San Francisco Bay Area-based Vertical Ventures has purchased Rose Canyon Business Park, a 232.9k sf, multi-tenant industrial project spanning 15 buildings in central San Diego. The price was not disclosed.
Situated on over 3...
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• Elat Properties Acquires DTLA Office Tower in $46 Mil Transaction
4/05/23
Elat Properties purchased 801 South Grand, an 11-story, 215.1k sf office tower in downtown Los Angeles, for $46 mil ($214/sf). The building was sold by CIM Group.
801 South Grand was 74% leased at the time of sale to a diver...
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• Advanced Real Estate Acquires Iconic Edison Tower in Downtown Long Beach
4/04/23
Advanced Real Estate has acquired the iconic Edison - a 12-story former office tower in Downtown Long Beach. The price was not immediately disclosed.
The property sits one block from Ocean Blvd at the terminus of the Metro R...
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• DMJ Capital Partners Closes $11.6 Mil Res Buy in San Diego’s Spring Valley Area
4/04/23
San Diego based DMJ Capital Partners LLC has purchased a value-add multi-family project consisting of 44 units for $11.65 mil ($265k/unit). The project is located at 3827 Conrad Dr in the Casa de Oro-Mount Helix neighborhood...
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• Kearny Real Estate Company Starts Grading on 26-Acre Final Phase of Otay Crossings Commerce Park
4/04/23
Kearny Real Estate Company has commenced grading the 26-acre final phase of the 311-acre Otay Crossings Commerce Park in Otay Mesa, for the development of four industrial buildings ranging in size from 45k sf to 205.5k sf. ...
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• Insight Investment Partners Spends Over $8 Mil on 28-Unit Multifamily Property in El Cajon
4/04/23
Insight Investment Partners paid $8.12 mil for Easter Manor Apartments, a 28-unit ($290k/unit) multifamily property in El Cajon. Built in 1987, the property is located at 1113 Greenfield Dr.
The two-story walk-up style apa...
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