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• Five Signings Bring Retail Portion of New San Diego Mixed-User to Fully Leased
1/24/23
There have been five leases totaling 10k sf at 5826 – 5854 Montezuma, a mixed-use development slated to open in the late summer of 2023 near the San Diego State University (SDSU) campus in San Diego. The deals put the buildin...
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• BLT Enterprises Wraps Up Creative Renovation of Single-Tenant Facility in Irvine
1/23/23
BLT Enterprises has completed $3.3 mil in creative renovations to a 40.6k sf, single-tenant industrial building in Irvine. The strategic improvement program was implemented to meet the specific needs of the building’s tenant,...
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• Newly Constructed Menifee Retail Center Sells for almost $600/sf
1/20/23
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
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• Redondo Beach Apartment Building Fetches $520k/Unit
1/20/23
A 10-unit, garden-style multifamily property in Redondo Beach sold for $5.2 mil, or $520k/unit. The property is located at 124-128 Palos Verdes Blvd in the Hollywood Riviera section of Redondo Beach.
Built in 1958, the prope...
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• West Covina Res Property Sells for $450k/Unit
1/19/23
South Hills Apartments, an 85-unit apartment property in West Covina, was purchased for $38.25 mil ($450k/unit) by HFH Ltd, a 1031 exchange buyer.
Built in 1966 on five-plus acres and remodeled in 2019, South Hills Apartment...
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• Northeast Valley Health Corporation Leases 13k sf in Santa Clarita
1/19/23
Northeast Valley Health Corporation (NEVHC) has signed a lease for 13.4k sf of space in Santa Clarita. NEVHC will use the space, located at 17909 Soledad Canyon Rd, to expand its medical and dental services in the Santa Clari...
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• Valentino Properties Pays $500k/Unit for San Diego Apartment Building
1/19/23
Valentino Properties purchased an eight-unit, 5.8k sf multifamily property in San Diego area in a recent $4 mil ($500k/unit) transaction. The 100% occupied, recently renovated property is comprised of all one- and two-bedroom...
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• Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio
1/16/23
An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office bu...
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• Tova Capital Closes $6.2 Mil Retail Buy in Long Beach
1/12/23
Tova Capital has acquired a fully occupied, 34.5k sf retail complex near Downtown Long Beach in a $6.2 mil ($180/sf) off-market transaction. The retail property is located on a nearly one-acre site at 205-233 E. Anaheim St, b...
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• Rexford Industrial Realty Spends $484/sf on OC Creative Office Structure
1/11/23
Rexford Industrial Realty purchased an 82.6k sf creative office building in Irvine for $40 mil ($484/sf). The property is fully leased to Fox Head Inc, which was recently acquired by Vista Outdoor, the parent company of over ...
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• San Marcos Redevelopment Site Goes for Just Over $100/sf
1/10/23
A potential redevelopment site in San Marcos traded in a recent $5.8 mil deal. The 1.25-acre ($106/sf) site, located at 263-285 East Carmel St, was purchased by Saianvi Investments LLC.
The property is situated along on Carm...
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• Scenic Expressions Leases 299k sf in Santa Clarita
1/10/23
In a notable L.A.-area industrial lease, Scenic Expressions inked a deal for a 299.2k sf space at Saugus Station Industrial Center, a 69.5-acre, 975.3k sf property located 25530-25765 Springbrook Ave in Santa Clarita. Scenic ...
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• Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
1/10/23
Simi Valley Promenade, an 82.4k sf shopping center anchored by Smart & Final in Simi Valley, sold for $19.55 mil, or $237/sf. The property was built in 1981 and renovated in 1991 and 2002.
Tenants at Simi Valley Promenade i...
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• OC Industrial Trade Comps at $333/sf
1/09/23
In a recent OC industrial comp, an 18.6k sf, freestanding building in Garden Grove traded hands in a $6.2 mil ($333/sf) transaction. The property is located at 7071-7081 Patterson Dr, south fo Katella Ave and just east of Kno...
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• MGR Real Estate Closes $39 Mil Inland Empire Office Buy
1/09/23
MGR Real Estate has purchased Ontario Airport Tower, a 147.7k sf, Class A office tower in Ontario, for $39 mil, or $264/sf. The six-story, LEED-Silver Certified building is located at 2855 East Guasti Rd, east of Archibald Av...
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• Rexford Industrial Realty Completes $336 Mil of SoCal Acquisitions in Fourth Quarter 2022
1/09/23
Rexford Industrial Realty Inc recently ten industrial properties for an aggregate purchase price of $336.2 mil during the fourth quarter of 2022. The transactions were funded using a combination of cash on hand and proceeds f...
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• Sunrise Brands Inks Lease for New 446k sf Facility at Tejon Ranch
1/09/23
Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retai...
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• Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed
1/06/23
The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...
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• Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios
1/06/23
Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles.
Zalmi Klyne with Northmarq arranged the new fl...
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• Guthrie Development Company Buys 70k sf OC Industrial/Retail Park
1/05/23
Guthrie Development Company has acquired Pacific Tustin Commercenter, a 69.9k sf, Class A multi-tenant industrial and retail business park in Tustin, for $19.7 mil ($282/sf). In the unique transaction, the firm acquired the b...
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