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• Redwire Space Enterprises Leases 42k sf Goleta Facility
6/24/24
Redwire Space Enterprises will increase its Goleta footprint to nearly 90k sf after leasing a 42k sf flex building at 326 Bollay Drive. Not counting renewals and subleases, this represents the largest lease transaction in Gol...
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• Upscale Multifamily Property in L.A.’s Brentwood Neighborhood Lands New $49 Mil Loan
6/21/24
Gortikov Capital has secured a $49.5 mil floating rate senior bridge loan on Luxe Villas, a 60-unit, Class A multifamily building in the upscale L.A. neighborhood of Brentwood. Developed in 2005 and fully renovated in 2023, t...
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• Ravello Holdings and WNC & Associates to Build Single-Family Affordable Housing Project in Lancaster
6/20/24
Ravello Holdings and WNC & Associates have closed a deal to begin construction on Maison’s Sierra, an affordable housing community comprised of 196 single-family affordable rental homes in the north L.A. County city of Lancas...
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• Trammell Crow Company Picks Up San Fernando Valley Site for 350-Unit Res Project
6/20/24
Trammell Crow Company has purchased a 4.78-acre site in the San Fernando Valley with plans to build a residential development on the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit m...
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• Carlsbad Biz Park Goes for Over $19 Mil
6/18/24
Arroyo Business Center, a 64k sf, multi-tenant light industrial park in Carlsbad, was purchased for $19.3 mil ($301/sf) by an unnamed global private equity firm. Located at 6352 and 6354 Corte Del Abeto, the North San Diego C...
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• Chicago Investment Entity Spends $9.8 Mil on San Diego Area Office Property
6/18/24
Aerofund Financial Plaza, a 48.6k sf, multi-tenant office building on over 1.3 acres in San Diego’s Mission Valley neighborhood, was acquired by Chicago-based CES Remington LLC for $9.8 mil ($201/sf). Located at 4025 Camino d...
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• Res Development in L.A.’s Koreatown Recapitalized with New Loan for $21.6 Mil
6/17/24
EGC Real Estate Group has recapitalized Kanvas, its recently completed 67-unit apartment building in Los Angeles’ Koreatown submarket, with a new loan for $21.6 mil. Financing was arranged by Priority Capital Advisory and pro...
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• J.H. Snyder Completes Renovation of 530k sf Office Property in L.A.’s Miracle Mile Area
6/17/24
J.H. Snyder has completed a multi-million-dollar renovation at 5757 Wilshire Boulevard, a Class A, 11-Story office building totaling 530k sf in L.A.’s the Miracle Mile submarket. In addition, there have been multiple leases t...
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• Driftwood Capital Starts Work on Marriott Hotel Project in San Diego’s Mission Valley Area
6/14/24
Driftwood Capital has started work on the Element Hotel by Marriott in San Diego County’s Mission Valley area. The project, located at 8757 Rio San Diego Dr, next to the existing full-service Marriott Hotel Mission Valley, wa...
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• Signal Hill Retail Strip Center Sells for $363/sf
6/14/24
Tova Capital has acquired East Willow Village, an 18.6k sf retail strip center in Signal Hill, for $6.75 mil ($363/sf) in an off-market transaction. East Willow Village, located on a nearly two-acre site at 2201 E. Willow St ...
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• NewMark Merrill Companies Lands Management Assignment for 294k sf South OC Retail Center
6/13/24
Horowitz Group has awarded NewMark Merrill Companies the property management assignment for Plaza de la Paz, a 294.6k sf retail destination in Laguna Niguel. The center is located at 27241 La Paz Rd, at Pacific Park Drive.
A...
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• Landsea Homes Corp Acquires Huntington Beach Site for 129 New Homes
6/13/24
Landsea Homes Corporation purchased 129 homesites for a new all-electric community called Essex + Gage in Huntington Beach, CA. Land development has already begun, and the community will open for sale in spring 2025.
Situat...
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• Huntington Beach Multifamily Property Trades for the First Time in Over 50 Years
6/12/24
Beachwood Apartments, an 18-unit multifamily community in Huntington Beach, was purchased by a private investor for $8.65 mil, or $480.5k/unit. Built in 1971, Beachwood Apartments sits on six lots totaling 17.6k sf at 125 16t...
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• Federal Realty Investment Trust Collects $103 Mil from Sale of Properties Along Santa Monica’s Third Street Promenade
6/11/24
Federal Realty Investment Trust has sold its remaining assets along Santa Monica’s Third Street Promenade -- eight buildings containing 185k sf of space -- for $103 mil ($557/sf). The buyer was not disclosed. Including a prev...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Logistar Leases 146k sf Inland Empire Industrial Property
6/10/24
Logistar Inc leased a 146.8k sf distribution facility in the city of Ontario. The property is located at 5700 E. Airport Dr, within the larger, 250.2k sf Airport Distribution Center.
Designed to meet the needs of modern dis...
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• Upscale Grocer Erewhon Acquires 24k sf Glendale Building for New Location
6/07/24
Erewhon, the upscale organic market and café with ten locations across Southern California, has purchased the 24k sf, former Virgil’s Hardware Home Center located at 520 N. Glendale Ave in Glendale.
Erewhon will utilize 18k...
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• Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238.7k sf shopping center in the San Diego submarket of Mira Mesa, for $99 mil ($415/sf). The acquisition of the fully leased center included the assumpt...
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• Adjacent Res Fourplexes in Huntington Beach Generate Combined Price of $5.4 Mil
6/06/24
A private investor purchased two four-unit multifamily properties in Huntington Beach for a combined price of $5.425 mil. The seller is based in Huntington Beach, while the buyer is from Westminster.
This was the first time ...
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• Work Finished on New $38 Mil STEM Building on Menifee Campus of Mt. San Jacinto College
6/05/24
Construction has been completed on a new two-story STEM building on the Menifee campus of Mt. San Jacinto College. The $38 mil, state-of-the-art building, which broke ground in May 2022, was designed by DLR Group and built by...
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