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• Dedeaux Properties and Basis Investment Group Buy Fee Simple Land Interest Under Rialto Warehouse Project
7/26/24
Dedeaux Properties and joint venture partner Basis Investment Group have acquired the fee-simple interest in the land under Rialto Village, its recently completed 83.3k sf high velocity warehouse building in Rialto, for $12.8...
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• Trio of Pasadena Multifamily Properties Sold for $7 Mil in Two Deals
7/26/24
A family trust real estate entity collected $7 mil from the recent sales of three multifamily properties in Pasadena. The properties total 30 units and were sold in two separate transactions.
The portfolio was marketed as a...
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• New $500 Mil San Diego Mixed-Use Development Signs Two New Office Tenants
7/25/24
There have been two new office leases totaling 26k sf of space to report at West, the recently completed, 37-story mixed-use project located at 1011 Union Street in downtown San Diego. The deals include a 17k sf lease with H...
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• Charter Communications Extends 134k sf San Diego Area Lease for the Second Time
7/25/24
Charter Communications has extended its lease for its 134k sf flex / corporate HQ facility at the Pacific Corporate Center in San Diego’s Sorrento Mesa submarket. The property is owned by Lincoln Property Company.
Located at...
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• Private Investor Spends $28 Mil on Two Office Assets in the San Gabriel Valley
7/24/24
A private investor purchased two separate office buildings with a combined 120k sf of space in deals totaling $28.2 mil. The properties are in the San Gabriel Valley cities of Diamond Bar and Monterey Park.
One of the proper...
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• Landmark Yamashiro Restaurant Property in Hollywood Offered for Sale
7/24/24
Here's news of a very unique investment/redevelopment opportunity in Hollywood that’s just hit the market. The property is the 7.3-acre Yamashiro restaurant site located at 1999 N. Sycamore Ave, north of Franklin Ave and west...
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• Foxx Development Leases 50k sf of Industrial Space in Otay Mesa
7/24/24
Irvine-based Foxx Development Inc has leased 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Terms of the deal were not disclosed.
Foxx Development delivers end...
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• Downtown Santa Ana Res Project Officially Opens to the Public
7/23/24
Rafferty, a new, eight-story luxury mixed-use apartment community in downtown Santa Ana, is finished and recently celebrated its grand opening. The 218-unit project, a development of Toll Brothers Apartment Living and joint v...
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• Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon Spend $41.5 Mil on San Fernando Valley Industrial Asset
7/23/24
A partnership of Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon acquired a 150k sf, high-image industrial facility in the western San Fernando Valley for $41.5 mil ($277/sf). The property, located at 9...
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• El Cajon Retail Property Sells for $1,662/sf
7/23/24
In a retail sales comp out of San Diego County, a 3.4k sf, freestanding building in El Cajon was purchased by a private investor in a recent $5.65 mil ($1,662/sf) transaction.
The building is located at 706 Fletcher Pkwy, w...
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• SoCal Raising Cane’s Trades at 4.65% Cap Rate
7/22/24
A single-tenant, net lease property occupied by Raising Cane’s Chicken Fingers Drive-Thru in Carson sold for $7.53 mil, representing a cap rate of 4.65%. The buyer was an Orange County investor completing a 1031 exchange.
Th...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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• JRK Property Holdings Buys 394-Room Hilton La Jolla Torrey Pines Hotel in $165 Mil Deal
7/19/24
JRK Property Holdings has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla from Braemar Hotels & Resorts for $165 mil. JRK made the purchase through its through its $350 mil Hospitality Fund.
The resort sits on...
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• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
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• Avis Budget Leases 91k sf Facility in National City
7/18/24
Avis Budget Car Rental LLC has leased a 91.5k sf industrial building in National City and is scheduled to take occupancy on August 1. Terms of the deal were not disclosed.
Situated on over 12 acres at 901 Bay Marina Dr, the...
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• New 114k sf Academic Facility Completed at University of California, San Diego
7/18/24
Work has been completed on a new nine-story, 114k sf state-of-the-art academic facility prominently located at the corner of La Jolla Village Drive and Villa La Jolla Drive in San Diego. The new building sits directly across ...
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• Gelt Venture Partners Closes $53 Mil Multifamily Buy in Vista
7/18/24
Gelt Venture Partners LLC (GVP) has acquired Rancho Hills Apartments, a 148-unit multifamily property in Vista, for $53.5 mil, or $361.5k/unit. Built in 1986, the property is located at 856 Heatherwood Lane, southwest of Hwy ...
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• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
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• Renovated Industrial Building in the City of Industry Trades for $374/sf
7/17/24
An 18.7k sf industrial building in the City of Industry traded in a recent $7 mil ($374/sf) transaction. It was acquired by a private investor in a deal with a closing cap rate of 5.20%.
The three-unit, NNN-leased structure ...
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• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
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