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• Captura Corp Leases Pasadena R&D/Flex Facility
12/09/24
Captura Corp recently leased an 8.4k sf R&D/flex building in Pasadena. Located at 60 N. San Gabriel Blvd, the state-of-the-art R&D/Flex facility features multi-million-dollar lab upgrades.
The property offers a full block o...
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• Proficiency Capital Acquires 231k sf Industrial Portfolio in Chino and Pomona
12/09/24
McGee Business Center I & II, a fully leased 231.7k sf industrial portfolio located in Chino and Pomona, was acquired by Proficiency Capital LLC. The deal was financed with an acquisition loan of $32.2 mil.
McGee Business C...
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• Solana Beach Retail Center Fetches $895/sf
12/06/24
212 South Cedros, a premier 16.7k sf, specialty retail center in Solana Beach, sold for $14.95 mil ($895/sf). The two-building property is situated on 0.92 acres at 142-212 South Cedros Ave, within the Cedros Avenue Design Di...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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• Carlsbad Apartment Property Goes for $435k/Unit
12/05/24
Here’s a quick comp on a Carlsbad apartment property that just sold. The 20-unit asset fetched $8.7 mil, or $435k/unit.
Built in 1972, the 16.9k sf property sits on a 26.6k sf lot located at 975 Laguna Dr, just west of I-5....
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• Carlsbad Industrial/Flex Facility Trades in $49.5 Mil Owner/User Buy
12/04/24
In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control p...
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• Oliver McMillan Secures $12.5 Mil on Culver Theater Property in the City’s Downtown
12/03/24
Oliver McMillan LLC recently secured senior financing of $12.5 mil on the Culver Theater, a 41.3k sf movie theater in the heart of downtown Culver City. The five-year, fixed-rate loan was arranged by JLL Capitakl Markets and ...
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• Total Safety U.S. Leases 52k sf Facility in L.A.’s Harbor Gateway Area
12/03/24
Total Safety U.S. Inc signed a seven-year lease worth $5.5 mil for a 52.6k sf industrial facility in the Harbor City area of Los Angeles. The property, located at 1405-1407 240th St, west of the 110 Fwy and north of Sepulveda...
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• Tishman Speyer and Mitsui Fudosan America Start Work on Ground Up Industrial Project in Irvine
12/03/24
Tishman Speyer and Mitsui Fudosan America (MFA) have started construction on the first phase of Bake Freeway Business Park, a 380k sf, ground-up industrial development in Irvine.
The partnership has secured an $84.75 mil con...
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• Grocery Outlet Leases Former Rite Aid Space in Hollywood
12/02/24
Grocery Outlet has leased a 16.5k sf former Rite Aid space within the Gower Shopping Center in the heart of Hollywood. The property is located at 6130 W Sunset Blvd, at the prominent, signalized intersection of Sunset Blvd an...
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• Owner/User Pays $10 Mil for Torrance Industrial Building
11/27/24
A 25.2k sf industrial building in Torrance was purchased for $10.2 mil ($405/sf) by George Giourof of KB Delta, a family-owned manufacturing and supply business.
The free-standing building, located at 3171 Fujita St, sits o...
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• Monrovia Medical Office Building Trades for Nearly $400/sf
11/27/24
Huntington Professional Center, a 20.6k sf, professional office and medical center in Monrovia, sold for $7.65 mil ($371/sf). The two-story building, located at 831 E. Huntington Drive, is 100% occupied.
The property is 20.6...
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• Dunbar Real Estate Investment Management Spends $19 Mil on Riverside Biz Property
11/26/24
SoCal-based Dunbar Real Estate Investment Management has acquired Summit Business Center, a 138.7k sf business park in Riverside, in a $19 mil ($137/sf) transaction. Dumbar is a private equity firm specializing in repositioni...
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• Newly Renovated The Ranch at Newport Bay is 100% Occupied with Latest Signing by Verde
11/26/24
Space Investment Partners has completed an $11 mil renovation of The Ranch at Newport Bay, a 60k sf, grocer-anchored mixed-use retail property located at 2651-2675 Irvine Ave in Costa Mesa. The most recent signing at the cent...
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• Rancho Bernardo Office/Flex Building Gets New Owner in $10 Mil Deal
11/26/24
A 35.3k sf, fully vacant office/flex building in San Diego traded for $9.95 mil ($282/sf) in an all-cash, off-market deal. The property is located at 16980 Via Tazon, just west of the 15 Fwy in the Rancho Bernardo area.
Orig...
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• Canyon Creative Design Leases Adjacent Creative/Office Buildings in Hollywood
11/22/24
Los Angeles-based Canyon Creative Design has inked a long-term lease for two adjacent, creative office/flex buildings totaling 14.4k sf in Hollywood. The firm plans to use the buildings, located at 6165 and 6121 Santa Monica ...
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• Parallel Capital Partners Closes $14.5 Mil San Diego Industrial Buy
11/21/24
Parallel Capital Partners spent $14.5 mil on two freestanding industrial buildings totaling 72.8k sf ($199/sf) of space located at 5965 and 5975 Santa Fe St, just east of I-5 and south of Hwy 52 in San Diego.
The buildings w...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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• San Diego County Water Authority Spends $38.7 Mil on New Industrial Facility in Escondido
11/21/24
San Diego County Water Authority purchased a newly completed, 88.6k sf freestanding industrial building on 9.5 acres in Escondido in a $38.76 mil transaction. The asset was sold by RPG in a deal that works out to $437/sf.
T...
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• Inland Empire Retail Center Fetches $373/sf
11/21/24
Center Point Plaza, a 28.9k sf retail property in the Inland Empire city of Yucaipa, traded hands for $10.8 mil, or $373/sf. The property is located at 33490-33492 Oak Glen Rd, just south of Yucaipa Blvd.
Constructed in 2007...
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