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• Workforce Housing Project in L.A.’s Mid-City Area Expected to Finish Up in Spring 2023
11/15/22
A new 123-unit workforce housing project in Los Angeles’ mid-city area is underway and expected to wrap up construction in spring 2023. The development, Liv on Pico, will provide much-needed housing adjacent to Culver City an...
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• New Medical Office Building in Encinitas Nearing Completion
11/15/22
Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
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• Class A, 222k sf Office Portfolio in Carlsbad Gets New Owner
11/15/22
M.C. Strauss, out of Solana Beach, acquired a 222k sf, multi-building Class A office portfolio in Carlsbad. The purchase consists of Carlsbad Executive Plaza and The Plaza with a combined six buildings.
Carlsbad Executive Pl...
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• L.A. Metro and A Community of Friends Start Construction on Affordable Housing Complex in Boyle Heights
11/14/22
The Los Angeles County Metropolitan Transportation Authority (Metro) and A Community of Friends, a nonprofit specializing in developing supportive housing, have broken ground on construction of a new affordable housing develo...
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• LBA Logistics Buys San Diego Distribution Facility for $46.3 Mil
11/14/22
LBA Logistics purchased a 131.3k sf infill distribution facility in coastal San Diego for $46.3 mil ($353/sf) in a sale/leaseback deal. Located at 5959 Santa Fe St, the property is in the city’s Pacific Beach area.
Built in ...
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• Local Investor Buys 95k sf Office Building in San Diego’s Mission Valley
11/14/22
A 94.6k sf, newly renovated office building in San Diego's Mission Valley area was acquired by Bitwise at State Center, an out-of-town 1031 exchange buyer. The property is located at 3838 Camino Del Rio North, in the northwe...
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• Six-Unit Res Property in Santa Monica Goes for $442k/Unit
11/11/22
A Los Angeles-based private investor paid $2.65 mil for a six-unit ($442k/unit), townhome-style apartment property in Santa Monica. The property is located at 1814 9th St, just east of Lincoln Blvd on the south side of I-10.
...
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• Rowland Heights Dev Site Sells for $143/sf
11/11/22
Heights Custom Homes LLC spent $3 mil for a 0.48-acre ($143/sf) parcel of land in Rowland Heights. The new owner plans to develop the site into a neighborhood shopping center.
The land is located at 18505 Colima Rd, on a sig...
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• Murphy Development Company Begins Work on 200k sf of Space at Brown Field Technology Park in Otay Mesa
11/11/22
Murphy Development Company (MDC) has started construction on Phase II at Brown Field Technology Park (BFTP), a 52-acre corporate industrial park that flanks SR-905 at the Britannia Boulevard on/off ramp in the Otay Mesa area ...
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• Dunleer Spends $8 Mil for 43k sf of Industrial Space in the Inland Empire
11/10/22
Dunleer has acquired 11 industrial buildings totaling 43.4k sf of space in Upland for $8 mil ($184/sf). The buildings are situated on three separate parcels across 3.13 acres at 928, 1004 and 1024 9th St, within the Inland Em...
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• Target Leases Former Kmart Space in Ontario
11/10/22
Retailing giant Target has inked a lease for 70k sf of space at 1670 E. Fourth St in Ontario. The location is within the 151k sf, freeway adjacent Vineyard Freeway Center.
Target’s space is part of a 94k sf, former Kmart st...
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• Planned Inland Empire Truck Terminal Project Lands $25 Mil in Construction Money
11/10/22
A Los Angeles real estate firm has secured $25 mil in construction money for the development of a 53.3k sf, Class A truck terminal situated on 10.5 acres in Perris. The unnamed borrower has specialized in entitling, developin...
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• Palmdale Land Sites Totaling almost 28 Acres Purchased for $7.25 Mil
11/09/22
P&L Realty LLC acquired three undeveloped land sites totaling 22.75 acres in Palmdale for $7.25 mil. Located in Antelope Valley between 10th St West and Highway 14, the trio of properties are part of the Palmdale Trade and Co...
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• PCI Pharma Services Leases New 105k sf Building in Otay Mesa
11/08/22
PCI Pharma Services agreed to a lease for a new, 105.5k sf building at Brown Field Tech Park I in San Diego’s Otay Mesa submarket. PCI, a leading provider of integrated pharmaceutical development services to the global health...
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• El Cajon Industrial Building Goes for $6 Mil
11/08/22
A 23.2k sf industrial building in El Cajon traded for $6 mil in a recent off-market sale. The building is located at 635-675 Front St, between I-8 and El Cajon Blvd at Washington Ave.
The multi-tenant building is 100% NNN-le...
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• Recent Leasing Activity at Pasadena Class A Office Tower Totals 73k sf
11/07/22
Recent activity at 301 N. Lake Ave in Pasadena has included eight new major leases and two lease expansions totaling more than 73k sf. The 227k sf, Class A office building is owned by Barker Pacific Group, which acquired the ...
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• Value-Add Long Beach Apartment Sells for $300k/Unit
11/07/22
A local private investor paid $6.64 mil for a 22-unit ($302k/unit) apartment property in Long Beach. The property, located at 4114 to 4118 Elm Ave in the city’s Bixby Knolls submarket, is viewed as a value-add opportunity.
...
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• Creative Office/Flex Building in San Diego’s Rancho Bernardo Area Goes for $27.4 Mil
11/04/22
Mosaic, a 64k sf, creative office/flex asset in Rancho Bernardo, has traded to a new owner in a $27.44 mil transaction. Built in 1985 and recently renovated, Mosaic was sold by SENTRE.
Mosaic is a best-in-class asset located...
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• Oxford Properties Group Closes Acquisition of 250k sf Carlsbad Campus in $258 Mil Sale/Leaseback
11/03/22
Oxford Properties Group has purchased Ionis Pharmaceuticals’ Campus, a 250k sf, state-of-the-art life sciences and corporate headquarter campus in Carlsbad, in a $258.4 mil sale/leaseback deal. The self-contained and fully am...
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• North Palisade Partners Starts Work on New Distribution Project in Vernon
11/02/22
North Palisade Partners has broken ground on Palisade Santa Fe Center, a 59k sf, Class A industrial property in Vernon. The site is located at 5655 Santa Fe Ave, south of I-10 and east of I-110 in the mid-cities L.A. area.
T...
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