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• OC Medical/Office Asset Trades for $191/sf
9/17/24
A private 1031 exchange investor paid $8.51 mil for The Bricks, a 44.6k sf ($191/sf), multi-tenant office and medical building in Tustin. The property is located at 18302 Irvine Blvd, in the heart of Old Town Tustin, between ...
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• Optimus Properties Buys Retail Strip Center in Hollywood
9/16/24
Optimus Properties LLC has acquired a 19.9k sf retail strip center in Hollywood for $9.5 mil ($477/sf). The property, which sits on a 42.1k sf lot at 5214-5232 W. Sunset Blvd, traded via a court ordered sale.
The property i...
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• UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
A 62-unit apartment complex at the border of Los Angeles’ Cheviot Hills/Palms neighborhoods was acquired vacant by the University of California, Los Angeles for $39 mil in an all-cash purchase. The deal works out to $629k/uni...
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• Pic N Save Bargains Leases Former 99 Cents Only Store Location in Victorville
9/16/24
Pic N Save Bargains inked a 10-year lease for a 29.7k sf anchor space within a Superior grocers-anchored retail property in Victorville. The space, located at 14670 7th St, was formerly a 99 Cents Only Store.
The store is ex...
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• San Diego Area Biz Park Trades for $11 Mil
9/13/24
Cast Capital Partners paid $11 mill for Four Governor Park, a two-building, 50.2k sf ($219/sf) stabilized office property in San Diego. The property, located on 2.7 acres at 5080-5090 Shoreham Place, was sold by MIG.
The bus...
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• Vernon Industrial Property Sells for Over $61 Mil
9/11/24
A 7.05-acre industrial redevelopment site in Vernon traded hands in a $61.5 mil transaction. The property, which currently houses a 368.5k sf, five-story building, is located at 1925 and 1936 E. Vernon Ave.
The property is l...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Enso Logistics Leases 45k sf OC Industrial Facility
9/10/24
Enso Logistics has leased a 45k sf freestanding industrial facility located at 1830 Raymer Ave in Fullerton. Enso Logistics offers comprehensive logistics solutions, integrating warehouse services, transportation management, ...
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• La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
LaTerra Development has obtained $18.2 mil in construction financing for the development of Raymer Self Storage, a fully entitled, 65.2k sf, self-storage facility in the central San Fernando Valley community of Van Nuys. JLL ...
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• BH Properties Buys 400k sf, San Diego-Area Mixed-Use Campus
9/09/24
BH Properties acquired Hazard Center, a 405.3k sf, mixed-use campus in San Diego’s Mission Valley area. Terms of the transaction were not disclosed.
Situated on 14.5 acres, Hazard Center currently features a 15-story, 270k ...
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• Two San Gabriel Multifamily Properties Sell in Separate Deals Totaling Over $6 Mil
9/09/24
Two multifamily communities totaling 18 units in the San Gabriel Valley recently traded hands in deals worth just over $6 mil. The properties are located in Azusa and Arcadia.
In one of the deals, a 10-unit property at 1205 ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
...
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• The Bascom Group Picks Up 249-Unit Bakersfield Multifamily Property
9/04/24
The Bascom Group LLC has acquired Old River Place, a 249-unit, single-family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, for $56.6 mil ...
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• Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group closed on a very notable acquisition in Beverly Hills, paying $39.2 mil for the North Beverly Drive Retail Collection, comprised of two buildings totaling 11.1k sf in Beverly Hills. The deal works out to an imp...
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• RCB Equities and Real Estate Development Associates Acquire 56-Acre Retail Redevelopment Opportunity in the San Gabriel Valley
8/30/24
Puente Hills Mall, a 56.41-acre retail mall in the City of Industry, was acquired by a joint venture between RCB Equities and Real Estate Development Associates LLC (“REDA”). The Mall, once a bustling retail hub in the heart ...
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• Four Inland Empire Car Wash Properties Trade in Separate Deals
8/29/24
Four Inland Empire, non-operating car wash properties were purchased for an undisclosed price by three different Southern California-based private investors in four separate transactions. The properties are located in Apple V...
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• RPG and Steel Peak Venture Spends $12 Mil on Central San Diego Flex-Office Property
8/28/24
A joint venture between RPG and Steel Peak acquired a 38.7k sf, flex-office property on 4.27 acres of industrial land zoned for outdoor storage for $12.1 mil. The property is located at 9606 Aero Dr, just west of I-15.
The s...
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• Community Preservation Partners Teams Up with The Hampstead Companies in 144-Unit El Cajon Affordable Housing Buy
8/28/24
Community Preservation Partners (CPP), in partnership with The Hampstead Companies, has purchased Lexington Green Apartments, a 144-unit affordable housing complex in El Cajon. The venture’s total development investment is $8...
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• Stylish Interior Design Installation Completed at Res Community in L.A.’s Filipinotown
8/27/24
Nadia Geller Designs (NGD) has completed the interior design installation at Belle on Bev, a mixed-use multifamily community owned and managed by developer Cityview in Los Angeles’ culturally rich Historic Filipinotown (HiFi)...
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• Dutch Bros Ground Lease in Central CA Sells for $1.45 Mil
8/27/24
A Dutch Bros store ground lease in Porterville, CA traded for $1.45 mil. The 800 sf, net-leased property is located at 451 West Vandalia Ave. Porterville sits roughly mid-way between Bakersfield and Fresno in central CA.
Con...
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