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• Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Bil in Originations
3/06/24
Kennedy Wilson’s real estate debt investment platform more than doubled in size in the past year and has reached $7 bil in originations with a strong pipeline of new opportunities.
The milestone comes on the heels of Kenned...
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• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
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• Sorrento Mesa Industrial/Laboratory Building Sells for $540/sf
3/01/24
Biotest Inc paid $23 mil for a 42.5k sf ($541/sf) industrial/laboratory building in Sorrento Mesa. Biotest is a health care/life science company based in China that will use the property for product development and distributi...
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• Vernon Facility Purchased by Owner/User in $13.75 Mil Transaction
3/01/24
A 40.1k sf industrial property in the city of Vernon was acquired for $13.75 mil ($342/sf) by Privy, an apparel wholesaler. The firm plans to use the property as its expanded headquarters.
The property is located at 2640 E. ...
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• Orange County Multifamily Portfolio Lands $225 Mil in Financing
3/01/24
A long-time OC-based multifamily owner/investor has obtained $224.7 mil in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were refinanced in order to secure e...
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• Temecula Office Building trades in $13.8 Mil Deal
3/01/24
Tower Office Plaza, a 71.8k sf office property in Temecula, was acquired for $13.8 mil ($192/sf) by Level Asset Capital. The asset was sold by Providence Real Estate Group.
The Class A office building at 27555 Ynez Road sits...
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• Mixed-Use Project Nearing Completion in Lemon Grove
3/01/24
Construction on Kelvin, a 66-unit contemporary mixed-use community at 7950 Broadway in Lemon Grove, is nearing completion, bringing much needed housing to a rapidly growing San Diego County neighborhood.
Owned and developed...
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• FPA Multifamily Acquires Ventura County Res Portfolio in $153 Mil Transaction
2/29/24
A two-property, 409-unit multifamily portfolio in Ventura County traded hands in a recent transaction worth $153 mil, or $374k/unit. The deal includes Oakview Apartment Homes, a 242-unit asset built in 1970 in Westlake Villa...
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• Multi-Tenant Industrial Asset in Ontario Trades in $3.48 Mil Deal
2/29/24
36th Street Partners has acquired a 17.4k sf, multi-tenant industrial property in Ontario for $3.48 mil ($200/sf). 36th Street’s equity partner on the deal is JW Capital, a Los Angeles-based family office focused on real esta...
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• BKM Capital Partners Closes $70 Mil San Diego Area Industrial Buy
2/29/24
BKM Capital Partners (BKM) has acquired Canyon Industrial Center, a 198.7k sf multi-tenant industrial park in Kearny Mesa, for $70.2 mil ($353/sf).
Situated at 9424-9560 Chesapeake Dr, Canyon Industrial Center contains 13 b...
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• Apartment Building in L.A.’s Melrose Area Goes for $330k/Unit
2/29/24
A 10-unit apartment property in Los Angeles’ Melrose area sold for $3.3 mil, or $330k/unit. Built in 1965, the property is located at 812 N Martel Ave, a block north of Melrose Ave between Fairfax and La Brea Aves.
The value...
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• Bridge Investment Group Lands $81 Mil Refi Loan on Jurupa Valley Res Community
2/29/24
Bridge Investment Group has obtained an $81.1 mil Freddie Mac Optigo® loan to refinance a 397-unit multifamily property in Jurupa Valley, CA.
Vernola Marketplace Apartments is a luxury multifamily property built in 2022. A...
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• San Fernando Valley Apartment Building Trades for $156k/Unit
2/28/24
A 20-unit apartment property in the eastern San Fernando Valley community of Panorama City sold for $3.115 mil ($156k/unit). Built in 1958, the property is located at 14735 Blythe St, west of Van Nuys Blvd and south of Roscoe...
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• EverBank Leases former Chase Bank Building in Encino
2/28/24
EverBank inked a 10-year lease for a 3.7k sf retail bank space in Encino. Situated on a prominent corner at 15903 Ventura Blvd, the former Chase bank location is a freestanding retail building on a 7k sf lot.
Offering high ...
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• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences.
Located at 1100 St...
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• Private Investor Picks Up Two Industrial Properties in the San Fernando Valley for Over $30 Mil
2/27/24
Palatine Capital Partners acquired two large multi-tenant industrial parks totaling 183.6k sf in the eastern San Fernando Valley in a $30.6 mil ($167/sf) transaction.
The purchase includes:
• 820 Thompson Ave in Glendale —...
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• Former Resort Property in Palm Springs Sells for $4.75 Mil
2/27/24
Tuscany Manor resort in Palm Springs was purchased for $4.75 mil by a private investor who will turn the property into a premier apartment community. Built in 1956, the property is located at 350 West Chino Canyon Rd, two mil...
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• Culver City Office Building Acquired by Owner/User
2/26/24
A vacant 27.1k sf office building located in Culver City was acquired by an unnamed owner/user in a recent transaction. The property is located at 5995 Sepulveda Blvd, just south of the 90 Fwy and adjacent to the east side of...
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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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