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• Sakioka Farms Pays Over $500/sf for Ontario Retail Center
3/21/23
Sakioka Farms purchased New Haven Marketplace, a newly constructed, 95k sf grocery-anchored shopping center located in Ontario, for $54.3 mil ($ 572/sf). The seller was Frontier Real Estate Investments.
New Haven Marketplace...
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• Carlsbad Warehouse Property Purchased for $11.8 Mil
3/20/23
A freestanding, 32k sf industrial warehouse located at 2070 Las Palmas Dr in Carlsbad, sold for $11.85 mil ($370sf) in an off-market transaction. A private buyer acquired the property from seller, Anya Holdings LLC.
Situated...
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• Ontario Retail Center Trades in $54 Mil Deal
3/17/23
New Haven Marketplace, a 95k sf, grocery-anchored shopping center in Ontario, traded for $54 mil ($568/sf). The property is located at 3420 E. Ontario Ranch Rd, west of I-15 and south of Hwy 60.
Built in 2020, New Haven Mark...
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• GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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• Private Investor Pays $245/sf for San Bernardino Retail Building Occupied by Office Depot
3/15/23
A 20k sf retail building in San Bernardino traded at a price of $4.9 mil ($245/sf). The building, located at 675 E. Hospitality Lane, is leased to Office Depot.
The property is situated between Home Depot and Aldi within the...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• North Palisade Partners Opens First Self Storage Development
3/15/23
North Palisade Partners has completed construction of its first self-storage facility in the L.A. area city of Huntington Park. The new facility sits on two acres of land at 2200 Nadeau St, just east of Alameda St.
The three...
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• West Los Angeles Apartment Building Trades for $428k per Unit
3/14/23
The Glendon Apartments, a 27-unit apartment building in the Palms area of West Los Angeles, sold for $11.55 mil, or $428k/unit. The property, located at 3724 Glendon Ave, was sold by JEB Properties Inc.
Built in 1986, the we...
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• Ground Lease for South OC Retail Center Trades in $14 Mil Buy
3/14/23
The ground lease for Lake Forest Marketplace, a 111.2k sf, multi-tenant retail property in Lake Forest, has sold in a $14.2 mil transaction. The asset, located at 23771 to 23841 El Toro Rd, was purchased by an OC-based privat...
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• Sunrise Management takes Over at The Warwick in San Diego’s Hillcrest Nieghborhood
3/14/23
Spectrum Partners has awarded the management assignment for The Warwick – a newly renovated Class A project in San Diego’s vibrant Hillcrest neighborhood – to San Diego-based Sunrise Management. Spectrum acquired the luxury m...
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• The Goddard School Signs Ground Lease for 1.44 Acres at South Coast Orange County Community College
3/13/23
PJRJPA Venture LLC inked a 75-year ground lease for 1.44 acres at South Orange County Community College District ATEP campus in Tustin for use as Goddard School. The transaction was valued at $27.3 mil.
The primary period o...
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• Lovett Industrial Lands $25 Mil for Construction of Inland Empire Industrial Development
3/13/23
Lovett Industrial has obtained $24.93 mil in construction financing for the development of Rialto II, a 114.1k sf, Class A industrial development in Rialto. Once completed Rialto II will comprise 36-foot clear heights, two gr...
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• Menifee Industrial Development Land Trades for $61 Mil
3/10/23
Patrinely Group acquired Scott Road Commerce Center’s Phase II, a large-scale, fully entitled (shovel-ready) 33.86-acre development site in Menifee entitled for 544.1k sf of Class A, industrial product. The property was sold ...
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• Westport Properties Buys 700-Unit Self-Storage Property in Chino
3/10/23
Westport Properties purchased a 701-unit self storage facility located at 13555 Ramona Ave in Chino, California. With over 13.2 msf of self storage facilities, the company will rebrand this facility under its US Storage Cent...
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• Exchange Investor Struck $13.5 Mil Deal for OC Biz Park
3/09/23
Struck Business Park, a 42.8k sf, two-building industrial project in the City of Orange, was acquired by an all-cash buyer in a 1031 Tax Deferred Exchange for $13.5 mil ($315/sf). The property is comprised of 16 industrial un...
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• Kidder Mathews SoCal Growth Leads to Opening of New Office in the San Fernando Valley
3/09/23
Kidder Mathews has opened a new office in the San Fernando Valley, continuing the firm’s rapid expansion in Greater Los Angeles. The office, located at 15260 Ventura Blvd in Sherman Oaks, is situated in a prime location direc...
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• SENTRE Closes 148k sf Industrial Buy in Poway
3/09/23
SENTRE has purchased Parkway Commerce Center, a 147.9k sf, multi-tenant industrial park in Poway, CA. The deal was financed with an acquisition loan for $21.43 mil.
Parkway Commerce Center is comprised of two warehouse/distr...
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• Inland Empire Industrial Land Sold in $39 Mil Transaction
3/08/23
In a notable Inland Empire land buy, Alere Property Group LLC picked up 17.42 acres of industrial zoned land in Fontana in a recent $38.9 mil transaction. The site is located at 13592 Slover Ave in the Inland Empire West subm...
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• Lewitt Hackman Renews Its 23k sf Encino Office Space
3/08/23
The law firm of Lewitt Hackman has renewed its lease for 23.4k sf of office space in Encino. The firm inked a 10-year deal, estimated to be worth around $10 mil, which divides out to an average of around $3.50/sf/mo.
The bu...
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• City of Santa Ana Spends $10.5 Mil on 2.5-Acre Industrial Property
3/07/23
The City of Santa Ana acquired a 2.49-acre industrial outdoor storage parcel with a 3.9k sf single-story building in Santa Ana for $10.5 mil. The property is located at 4404 W. 1st St, just west of Harbor Blvd.
The property ...
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