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• Harbor Associates Venture Spends $21 Mil on Carlsbad Industrial Buy
11/02/23
Harbor Associates LLC, in a joint venture with F& F Capital Group, has acquired a 102.4k sf industrial portfolio in Carlsbad for $21.25 mil ($208/sf) in an all-cash, off-market transaction.
The acquisition consists of two bu...
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• Owner/User Pays $363/sf for Industrial Building in Santa Ana
11/02/23
A Santa Ana-based owner/user paid $3.555 mil for a 9.8k sf ($363/sf) industrial warehouse building in Santa Ana. The property is located at 3400 Maywood Ave, north of Warner Ave and east of Harbor Blvd.
The buyer, Ben’s Asph...
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• Work Underway on New 70k sf Building for Malibu High School
11/02/23
Work has started on the first phase of Malibu High School’s expansion for Santa Monica-Malibu Unified School District (SMMUSD). The 70k sf state-of-the-art building, scheduled for completion in fall of 2025, will feature a li...
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• Encinitas Retail Center Acquired in $26 Mil Transaction
11/01/23
In a recent retail sales comp from San Diego County, Rancho Santa Plaza, a 60.5k sf shopping center in Encinitas, traded for $26 mil, or $430/sf.
The property is located at 162 S. Rancho Santa Fe Rd, east of I-5. The center ...
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• Retail Building in Rancho Cucamonga Sells for $349/sf
11/01/23
A 21.9k sf, 100% occupied shop building at 10582 Foothill Boulevard in Rancho Cucamonga sold for $7.45 mil ($349/sf). The nine-tenant shop building sold at a 6.11% cap rate in an all-cash 1031 exchange transaction.
The b...
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• San Fernando Valley Res Community Sale Goes for $106 Mil
11/01/23
Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
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• Exchange Investor’s Car Wash Buy is Pure BLISS
10/31/23
A Los Angeles-based private investor paid $3.72 mil for the absolute triple-net ground lease of a new BLISS Car Wash in Valencia. The transaction was conducted prior to the completion of construction and before the tenant op...
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• Newmark Merrill Companies Opens New 96k sf Retail Center in the Inland Empire
10/30/23
Newmark Merrill Companies has completed and opened Rialto Village, a newly developed, grocery-anchored center in the Inland Empire. The 96k sf development is located off the corner of Riverside Ave and San Bernardino Blvd in ...
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• Renovation Work to Get Underway at the Hyatt Regency Indian Wells Resort & Spa
10/27/23
Trinity Real Estate Investments is set to begin renovation work at the Hyatt Regency Indian Wells Resort & Spa, a 530-key hotel that the firm acquired roughly a year earlier. R.D. Olson Construction will be handling construct...
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• Mexican Restaurant Property in Ontario Goes for $845/sf
10/27/23
A free-standing, 5.5k sf single-tenant Mexican restaurant property occupied by Culichi Town in Ontario traded for $4.65 mil ($845/sf). Built in 2001, the property is situated on 1.37 acres at 4423 Mills Circle and is an outpa...
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• Res Community in L.A.’s Playa Vista Area Lands New Loan of $115 Mil
10/27/23
Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista.
The Ventana was originally constr...
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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• Bakersfield Multifamily Property Traded in a Deal that Works Out to $139k/Unit
10/25/23
Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, was sold in a recent $13.6 mil ($138.8k/unit) transaction. According to CoStar, this sale represents the 2nd largest transaction this year in Bakersfield....
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• Apartment Property in L.A.’s Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.’s Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds.
Located...
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• Burke Real Estate Group Buys 54k sf Distribution Facility in Kearny Mesa
10/24/23
SoCal-based Burke Real Estate Group acquired a 54k sf industrial distribution facility in San Diego’s Kearny Mesa submarket. The Class A property is located at 7440 Convoy Court, east of I-805 and just south of Hwy 52. The pr...
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• Laguna Beach Apartment Building Sells for $384k/Unit
10/24/23
An eight-unit multifamily community in Laguna Beach was purchased by an Orange County-based private investor for $3.075 mil, representing a sale price of $908 per square foot and $384.4k/unit. The apartment building is locate...
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• National City Church Property Trades in $4 Mil Exchange
10/23/23
A church property in National City was acquired by a growing church congregation in a recent $4 mil transaction. The purchase consists of a 20.2k sf church sanctuary and an adjacent educational building, covering an entire ci...
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• CapRock Partners Secures $32.9 Mil Loan on San Dimas Industrial Property
10/23/23
CapRock Partners obtained $32.9 mil in financing for 300 East Arrow Highway, a single-tenant industrial building totaling 165k sf in San Dimas. The new non-recourse loan was arranged by Greg Brown, Peter Thompson, Kyle White ...
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• Wimatex Inc Buys Vernon Shopping Center for $4.7 Mil
10/23/23
Vernon Shopping Center, a 14k sf retail asset located in the heart of the City of Vernon was acquired by California-based Wimatex Inc for $4.7 mil ($336/sf) as part of a 1031 exchange transaction.
Built in 2017 and situated ...
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• Santa Fe Springs Industrial Property Trades in $10.5 Mil Deal
10/23/23
Fortress Investment Group LLC purchased a vacant 31.4k sf industrial property in Santa Fe Springs for $10.515 mil. Situated on 2.45 acres at 14930 Marquardt Ave, the heavy manufacturing facility was built in 1969 and features...
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