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• KFC Signs Lease for 3.3k sf Restaurant in Ontario
10/06/23
KFC inked a 15-year ground lease for a 3.3k sf drive-thru restaurant in Ontario. The property is located at 1851 East G St, at the intersection of the I-10 freeway and Vineyard Ave.
The site offers visibility to over 270,000...
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• Medical Office Building in South OC Trades for $436/sf
10/06/23
A SoCal-based investor paid $12 mil for a 27.5k sf ($436/sf) medical office building in San Clemente. The deal closed at a 6.93% cap rate.
The two-story building, built in 2002, is situated on 1.66 acres at 1300 Avenida Vist...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
10/05/23
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• Kearny Mesa Res Project to Move Forward with $99 Mil in Construction Money
10/05/23
San Diego-based real estate development firm AAA Management has landed $99.4 mil in construction financing for Ion Aero, a planned 302-unit mid-rise multifamily community located at 8555 Aero Dr in San Diego.
The community w...
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• MIG Real Estate Closes $174 Mil Apartment Buy in Vista
10/04/23
In a significant SoCal multifamily buy, MIG Real Estate LLC purchased Waterleaf, a 456-unit apartment complex in Vista, for $174 mil ($382k/unit). MIG plans to modernize the interiors, paint the exterior, and enhance the comm...
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• City of Industry Facility Finds New Tenant in Action-Packed Deal
10/04/23
Action Sales signed a 64-month, $25 mil lease with an option to extend on a 181.7k corporate office and distribution property in City of Industry. Action Sales will use the property, located at 17708 Rowland St, as its corpor...
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• City of Encinitas Acquires Two Acres of Coastal Land
10/04/23
The City of Encinitas acquired nearly two acres of land located at the northeast corner of Hwy 101 and La Costa Ave in the Encinitas community of Leucadia. The two-parcel property was purchased for $6 mil from Surfer’s Point...
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• OC Multifamily Comp Works Out to $262k/Unit
10/04/23
A 16-unit multifamily asset in Anaheim sold for $4.2 mil to Emile’s Mart Car Wash LLC. The purchase price equated to a price of $262.5k per unit with a cap rate of 5.6%. The two-building, two-story complex was 100% leased at ...
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• Mexican Restaurant Leases 3.3k sf Space in Santa Ana
10/03/23
Miguel's Jr inked a 15-year, $2.5 mil lease for 3.3k sf ($4.20/sf/mo) of restaurant space in Santa Ana. Miguel's Jr has taken occupancy of a former Burger King drive thru location situated at 1766 E McFadden Ave. The property...
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• PGM Investments LLC Buys San Diego Industrial Property for $4 Mil
10/02/23
PGM Investments LLC purchased a 93.2k sf industrial property in San Diego for $4 mil, or about $43/sf. The property is located at 9940 Marconi Dr, just north of the U.S./Mexico border.
The 2.14-acre lot can be subdivided int...
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• Desirable Retail Storefront Property in L.A. Goes for $849/sf
9/29/23
A 3.2k sf retail storefront in Los Angeles traded for $2.7 mil, or $849/sf. Located at 5818 W 3rd St, just west of La Brea Ave, on trendy 3rd Street, the property enjoys a thriving location with a high traffic count of 34.4k,...
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• Wayne Ratkovich, Renowned Los Angeles Urban Developer, Passes Away at 82 Years Old
9/27/23
Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his beloved Los Angeles, died on Sunday, September 24, 2023, at Cedars-Sinai Medical Center in Los ...
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• Peri & Sons Farms Spends $27.5 Mil on 2,400-Acre Farmland Portfolio in CA’s Imperial County
9/27/23
Peri & Sons Farms, a family farming operation based in Nevada, has acquired a 2,411-acre portfolio of agricultural farmland located in the sought after Holtville submarket of Imperial County, CA, in a $27.5 mil transaction. K...
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• Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District
9/27/23
Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
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• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
9/26/23
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes.
Tricon Wildomar is the sec...
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• A.M. Castle & Co Inks $46 Mil Lease for 282k sf Facility in Paramount
9/22/23
A.M. Castle & Co agreed to an 84-month renewal/expansion lease for a 282k sf facility in the city of Paramount, in a transaction worth $46 mil. The company, a provider of metals, services and supply chain solutions, will expa...
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• Louay Alsadek and Maddie Mawby Join Cushman & Wakefield in San Diego
9/21/23
The veteran San Diego investment sales team of Louay Alsadek and Maddie Mawby have joined Cushman & Wakefield as Vice Chair and Senior Director, respectively. They will focus primarily on life sciences and office property sal...
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• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
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• Terreno Realty Corporation Picks Up Santa Ana Site for Redevelopment
9/19/23
Terreno Realty Corporation spent $14.8 mil for a 4.9-acre site containing three multi-tenant office buildings at 1720 E Garry Ave in Santa Ana leased on a short-term basis. The property is located immediately adjacent to the ...
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• SimplerSpace Launches First Coworking Space in Placentia to Meet Demand for Low-Cost, No-Frills Office Space
9/19/23
SimplerSpace, a new coworking option intended to provide affordable and efficient workspaces in office buildings, has just been launched by company founders Drew Sanden and Scott Maples. The company opened its first 8k sf cow...
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