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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area
10/20/23
Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen.
The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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• AIDS Healthcare Foundation Spends $20 Mil on Carson Distribution Facility
10/19/23
The AIDS Healthcare Foundation has purchased a 54k sf warehouse/distribution facility in the City of Carson for $20 mil ($370/sf). Constructed in 2002, the property is located at 18421 South Main St.
The freestanding, concre...
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• Ridgecrest Multifamily Property Goes for $48k/Unit
10/19/23
Ridge Apartment homes, an 80-unit multifamily property in the Inland Empire city of Ridgecrest, sold for $3.85 mil ($48.1k/unit). The property is located at 400 Cisco St, east of Hwy 395 and north of Hwy 78.
Ridge Apartment ...
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• LAX Freight Delivery Leases 123k sf Facility in the City of Commerce
10/18/23
Third party logistics firm LAX Freight Delivery Inc has signed a lease for an entire 123.1k sf industrial building in the City of Commerce. The site, covering seven acres at 2187 Garfield Ave, represents a relocation from a s...
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• Two Garden Grove Apartment Properties Generate $3.3 Mil
10/18/23
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry
10/17/23
Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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• Hawthorne Mall Property Listed for Sale by The Charles Company
10/17/23
The Charles Company has listed the Hawthorne Mall property in L.A.’s South Bay area for sale or long-term ground lease. The vacant property consists of a roughly 1 msf shopping center situated on about 25 acres.
The propert...
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• Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility
10/17/23
In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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• GK Dermatology and Med Spa Buys 10k sf Retail Building in San Diego
10/16/23
GK Dermatology and Med Spa acquired a 10k sf, freestanding retail building in San Diego for $5.25 mil ($525/sf). GK Dermatology and Med Spa will use the building, located at 4606 Mission Bay Dr, for its dermatology and med sp...
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• Compton Warehouse Gets New Owner in $16 Mil Trade
10/16/23
A 43.5k sf warehouse property in Compton was purchased by a private investor in a $16 mil ($368/sf) transaction. The property is located at 1303 West Walnut Pkwy, east of Central Ave and just north of the 91 Fwy.
The propert...
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• Second Half of 432k sf San Diego Industrial Portfolio Sale Completed
10/13/23
The disposition of the 432k sf Brown Field Tech Park I and II industrial portfolio in San Diego’s Otay Mesa submarket has wrapped up. The portfolio was sold by Murphy Development Company. The sales price(s) were undisclosed.
...
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• Upland Medical Office Building Purchased by Owner/User in $8.85 Mil Deal
10/13/23
A 47.9k sf medical office building in Upland sold for $8.85 mil ($185/sf) to a local medical user. The property, located at 400 Mountain Ave, was sold by Harbor Associates.
The three-story building is located on the southeas...
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• Inland Empire DaVita Dialysis Clinic Sells for $4.45 Mil
10/13/23
A 14k sf, single-tenant DaVita Dialysis clinic in the Inland Empire city of Indio sold in a recent $4.45 mil ($318/sf) 1031 exchange transaction. The property, located at 82900 Avenue 42, traded at a 5.66% cap rate.
Convenie...
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• Restaurant Property in San Diego’s Rancho Bernardo Area Sells for $3.9 Mil
10/12/23
An 8.9k sf free-standing restaurant in San Diego’s Rancho Bernardo submarket sold for $3.9 mil, or $438/sf. The buyer intends to use the property to open a new restaurant, Sapphire Indian.
Built in 1987, the free-standing bu...
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• Calabasas Office Complex Trades to Investment Entity of Local Industry Pros
10/12/23
Calabasas Courtyard, a three-building office project located in the western San Fernando Valley city of Calabasas was acquired by Calabasas Courtyard LLC, an investment entity comprised of industry veterans Brian Forster of ...
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• OC Office Building Leased to the State of California Sells for $327/sf
10/11/23
Easterly Government Properties acquired a 95.4k sf, Class A office building in Anaheim in a $31.15 mil ($326.50/sf) trade. The property, 1065 Link, is 100% leased to the State of California.
1065 Link is a four-story institu...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
10/11/23
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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• Two Recent Long Beach Apartment Sales Total Over $7 Mil
10/11/23
Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit).
In one of the transactions, a seven-unit multifamily property at 122 E....
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• Office/Flex Building in the San Gabriel Valley Trades in $25 Mil Deal
10/10/23
A 122k sf office/flex building in the San Gabriel Valley city of Monrovia traded for $25 mil, or $205/sf. Located at 222 E. Huntington Dr, the asset is the largest office building ever sold in the city and also fetched the hi...
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