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• Downtown L.A. Office Tower Trades in $111 Mil Transaction
4/03/23
In a significant Downtown Los Angeles office acquisition, Waterbridge Capital purchased Union Bank Plaza, a 40-story, 701.9k sf high-rise located at 445 S. Figueroa St, in a deal worth roughly $111 mil ($158/sf). The Class A ...
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• West L.A. Office Building Finds New Owner in $9.3 Mil Deal
4/03/23
A SoCal-based private investor paid $9.3 mil for a 20.6k sf ($451/sf) office building in the Brentwood/Westwood area on L.A.’s Westside. The property, located at 520 S. Sepulveda Blvd, was built in 1970 and renovated in 2022....
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• Construction Started on 292-Unit San Gabriel Valley Res Community
4/03/23
Work has started on Solana at Duarte Station, a new 292-unit five-story luxury apartment community located in the San Gabriel Valley city of Duarte. The project, which includes an eight-story parking structure, is a developme...
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• San Diego Area Mixed-Use Project Sells for Nearly $1,000/sf
3/31/23
A mixed-use project in downtown Rancho Santa Fe sold for $11.2 mil. The project, located at 6106-6108 Paseo Delicias and 6012-6016 La Granada, about eight miles east of Encinitas in San Diego County, consists of 11.9k sf ($94...
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• Local Law Firm Pays $2.9 Mil for Studio City Mixed-Use Property
3/31/23
A 6.6k sf mixed-use property in Studio City traded for $2.9 mil, or $437/sf. The property, situated on an 8.3k sf lot at 3611 Cahuenga Blvd, consists of a residential triplex built in 1960 and five units of office space built...
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• Positive Investment Spends $8 Mil on 34 Res Units in Lawndale
3/31/23
Positive Investments wrapped up a SoCal res buy, paying $8.21 mil for The Lawndale Portfolio, two multifamily assets totaling 34 units ($241.5k/unit) in the L.A.-area city of Lawndale. The properties were 94% occupied at the ...
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• TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
3/31/23
TTM Real Estate Capital, a subsidiary of Cannon Commercial, has acquired HHLA, the 245.4k sf retail center that makes up part of the Howard Hughes Center mixed-use campus in Westchester, adjacent to Playa Vista on L.A.’s west...
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• San Fernando Valley Industrial Building Goes for $274/sf
3/30/23
A 26k sf industrial building in the heart of the San Fernando Valley traded for $7.135 mil, or $274/sf. The building is located at 15950-15952 Strathern St, south of Roscoe Blvd and west of the 405 Fwy in Van Nuys.
The indu...
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• Cornerstone Communities Acquires 44 Acres in Otay Mesa for All-Electric Res Development
3/30/23
Cornerstone Communities has purchased 44 acres of land in Otay Mesa, where it will build 450 all-electric townhomes for entry-level buyers called Candlelight. Land preparation will begin as early as September and the communit...
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• Haven Warner Center Res Community Trades in $54 Mil Transaction
3/29/23
Haven Warner Center, a 205-unit multifamily asset in Warner Center, a master-planned neighborhood and business hub in the western San Fernando Valley, sold for $54 mil, or $263.4k per unit.
Completed in 1985, Haven Warner Ce...
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• Apartment Property in L.A.’s Mar Vista Area Sells for Over $500k/Unit
3/29/23
The Coral Tree Apartments, a 31-unit, 35.9k sf apartment complex in the Mar Vista area of Los Angeles, sold for $15.875 mil, or $512k per unit. The property is located at 4225 Inglewood Blvd, just south of Washington Blvd on ...
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• Western Spire Pays $6,78 Mil for 1.8-Acre Development Site in Rancho Cucamonga
3/29/23
Western Spire paid $6.78 mil for a 1.82-acre multifamily development site at the northwest corner of Red Oak St and Spruce Ave in Rancho Cucamonga. The property is within City Center, an area of Rancho Cucamonga zoned for fut...
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• New 300-Unit Anaheim Res Community Now Under Construction
3/29/23
Construction is underway at Zia, a five-story wrap-style apartment community located in Anaheim. The project is a development of MBK Rental Living, in a joint venture with Haseko Corporation.
Offering upscale living with eas...
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• Golden Bee Properties Wraps Up $39.5 Mil Res Buy in Sylmar
3/28/23
Golden Bee Properties purchased Mountain View Manor, a 200-unit LIHTC multifamily property in the northeast San Fernando Valley community of Sylmar, for $39.5 mil ($197.5k/unit). The property is located at 12960 Dronfield Ave...
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• OC Office Building Trades in $43 Mil Deal
3/27/23
A 113.9k sf office building in Irvine traded hands in a recent $43.5 mil ($382/sf) transaction. The building, located at 16355 Laguna Canyon Rd, received multiple offers.
The three-story building sits on 6.61 acres at the so...
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• Single-Tenant Industrial Building in Carlsbad Gets New Owner in $11.8 Mil Deal
3/24/23
A 32k sf, single-tenant industrial building in Carlsbad sold for $11.85 mil ($370/sf). The property, located at 2070 Las Palmas Dr, in the City Centre industrial corridor, was acquired by a Covina-based family investment enti...
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• Class B Office Building in Woodland Hills Bought for $173/sf
3/23/23
A 48k sf office property in Woodland Hills sold for $$8.3 mil ($173/sf). The Class B building is located at 22801 Ventura Blvd, at the intersection with Fallbrook Ave.
Located centrally on Ventura Blvd, with proximity to Cal...
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• Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
3/23/23
The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of ...
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• Inland Empire Absolute NNN Ground Lease of a Dutch Bros Coffee Drive-Thru Goes for $2.3 Mil
3/22/23
A Los Angeles-based private investor paid $2.3 mil for the absolute NNN ground lease of a brand-new construction, single-tenant property occupied by Dutch Bros Coffee Drive-Thru in the Inland Empire. The property is part of H...
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• New Riverside Distribution Facility Leased to Logistics Plus Warehousing & Fulfillment
3/21/23
Construction has been completed on the second phase of Columbia Business Park, a 374k sf distribution facility that has been fully leased. The tenant, Logistics Plus Warehousing & Fulfillment Inc, a third-party logistics comp...
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