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• Newly Constructed Warehouse within Tejon Ranch Commerce Center Sells for $37 Mil
3/20/24
A recently completed 233.2k sf warehouse building in Lebec, CA, within southwestern Kern County, was purchased by an owner/user for $37.1 mil, or $159/sf. The property was sold by a partnership of Dedeaux Properties and Basis...
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• Hollywood Office Building Trades in $5.4 Mil Deal
3/20/24
Big Sunday, a non-profit committed to helping others through service projects and giving opportunities, has purchased a 6.7k sf office building in Hollywood for $5.375 mil ($802/sf). The structure sits on an 18k sf lot at 174...
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• CBRE Investment Management and Hillwood Investment Properties Land $756 Mil in Financing for Fontana Industrial Development
3/19/24
A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has secured an approximately $756 mil financing package for the construction of Phase I of Speedway Commerce Center. Th...
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• R&D/Lab Portfolio in Rancho Bernardo Gets New Owner in $30.8 Mil Deal
3/19/24
Dollinger Properties purchased a 90k sf R&D/Lab portfolio in San Diego’s Rancho Bernardo area in a $30.8 mil ($342/sf) transaction. The portfolio consists of two fully leased buildings located at 16981 Via Tazon and 11501 Ran...
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• Two Office Condos Sell in Recent Newport Beach Conversion Project
3/19/24
Shopoff Realty Investments sold two office condos in its Waypoint Newport project, located at 4440 Von Karman Ave in Koll Center Newport. The transactions were for units of 1.6k sf and 1.1k sf in size.
“It is no secret that ...
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• Hammer Ventures Pays $9.1 Mil for Sorrento Mesa R&D Building
3/18/24
A 19.6k sf R&D building in Sorrento Mesa traded in a $9.1 mil ($464/sf) deal. The property is located at 9560 Waples, east of I-805 on the south side of Mira Mesa Blvd, and was vacant at the time of sale.
The property was so...
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• Property within Glendale’s “Brand Boulevard of Cars” Trades for Over $3 Mil
3/14/24
A two-building, 6.7k sf retail/commercial asset in Glendale sold for $3.15 mil, or $468/sf. The asset is located at 1212 S. Brand Blvd, within “Brand Boulevard of Cars”, a car shopping destination situated in the Glendale sub...
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• Tourmaline Capital Pays $16.7 Mil for OC Retail Center
3/14/24
In a recent OC retail buy, Tourmaline Capital paid $16.7 mil for Anaheim Hills Shopping Village, a 67.5k sf ($247/sf) center in Anaheim. The property was sold by a private family partnership, who was the original developer.
...
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• Drawbridge Realty Finishes Work on 80k sf Office/R&D Facility in San Diego’s Rancho Bernardo Submarket
3/13/24
Drawbridge Realty has completed construction on 16705 Via Del Campo Court, an 80.7k sf, three-story, Class A office/R&D property in San Diego’s Rancho Bernardo submarket. The project is the first speculative office building t...
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• Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan
3/13/24
Pacific Equity Properties recently obtained $135 mil in construction take-out financing on Cross Creek Ranch, a 122.3k sf, trophy, Class AA mixed-use property in Malibu. The property consists of 71.6k sf of retail and 50.7k s...
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• Mixed-Use Building in DTLA’s Fashion District Sells for Over $300/sf
3/13/24
A 43.7k sf, mixed-use retail/office property in Los Angeles traded hands for $13.45 mil ($308/sf) in a recent REO sale. The four-story building is located at 1001 Towne Ave, in the heart of the city’s fashion district downto...
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• Babe’s Smokehouse and Tavern Inks Lease at New Indio Center
3/12/24
Babe’s Smokehouse and Tavern inked a lease for 2.3k sf of space with an additional 850 sf patio at Canopy at Citrus, a newly built 25.2k sf retail center in Indio. The center is located at 49730 Jefferson St, just south of Hw...
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• Inland Empire 7-Eleven Property Sells for $1,885/sf
3/12/24
A private investor out of Bakersfield paid $7.73 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store with Laredo Taco Company quick-serve restaurant and a gas station in San Bernardino....
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• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
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• Huntington Beach Development Site Trades in $10.25 Mil Transaction
3/08/24
A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes.
...
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• Baldwin Park Property Portfolio Fetches $12.3 Mil
3/07/24
In Baldwin Park, an eight-building portfolio totaling 46.8k sf of space across 3.63 acres fetched $12.33 mil ($263/sf). The properties traded in five separate transactions:
• 5124 and 5130 Heintz St - totaling 17.6k sf on 41...
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• Bakersfield Multifamily Property Goes for $16.5 Mil
3/07/24
Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, was acquired by a Central Valley-based investor, in a $16.5 mil ($114.6k/unit), off-market transaction.
Built in 1985, the garden style community sit...
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• Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Bil in Originations
3/06/24
Kennedy Wilson’s real estate debt investment platform more than doubled in size in the past year and has reached $7 bil in originations with a strong pipeline of new opportunities.
The milestone comes on the heels of Kenned...
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• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
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• Sorrento Mesa Industrial/Laboratory Building Sells for $540/sf
3/01/24
Biotest Inc paid $23 mil for a 42.5k sf ($541/sf) industrial/laboratory building in Sorrento Mesa. Biotest is a health care/life science company based in China that will use the property for product development and distributi...
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