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June 14, 2024
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SOUTHERN CALIFORNIA NEWS
Archive
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• Owner/User Picks Up 22k sf Office Building in Scripps Ranch
6/01/23
A 22.5k sf office building in San Diego's Scripps Ranch submarket was acquired by the Barron Team and CAPRO Network Financials, who intend to occupy the building for their use. Built in 1984, the two-story building is located...
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• Pasadena Child Development Associates Leases 16k sf of Pasadena Office Space
6/01/23
Pasadena Child Development Associates inked a lease for 16.2k sf of office space in Pasadena. The lease encompassed two adjacent buildings, one located at 790 East Green and the other at 118 South Oak Knoll. Both buildings ar...
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• The Landmark Company Acquires Just Under Five Acres in Upland for Development
5/31/23
The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
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• Construction of $400 Mil Downtown San Diego Mixed-Use Project Tops Out
5/26/23
Holland Partner Group, North America Sekisui House and Lowe announced today that they have reached the topping out phase in the development of West, a $400 mil, 37-story mixed-use project located at 1011 Union St in downtown ...
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• EverWest Real Estate Investors Buys 101k sf Warehouse in Carson
5/26/23
EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101.2k sf warehouse facility situated immediately off of the 710 Fwy and I-405, just north of the Ports of Long...
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• Cabrillo Credit Union Picks Up 20k sf Office Building in Kearny Mesa
5/26/23
Cabrillo Credit Union paid $7.89 mil for a 20k sf ($394/sf) office building in Kearny Mesa. The building is located at 3710 Ruffin Rd, west of I-15 and north of Aero Dr. The two-story building features solar panels, open cei...
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• Turnbridge Equities Buys 3.6 Acres of Land in Rancho Dominguez
5/25/23
Turnbridge Equities purchased 3.6 acres of covered industrial-zoned land in Rancho Dominguez. Located at 19500 and 19520 S. Rancho Way, the site currently includes two buildings totaling 53k sf and is leased to eight tenants ...
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• Puratos Corporation Leases 87k sf Gardena Facility
5/25/23
Puratos Corporation leased an 86.9k sf,state-of-the-art warehouse/distribution facility in Gardena that was recently completed. The class A warehouse/distribution facility, located at 15601 S Avalon Blvd, sits in the heart of...
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• DivcoWest Buys 72k sf Life Science Building in Torrey Pines
5/25/23
DivcoWest has purchased a fully leased, 72.5k sf Class A life science building in the heart of the Torrey Pines research cluster. The property is located at 11119 N. Torrey Pines Rd, just west of the confluence of I-5 and I-8...
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• Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
5/24/23
Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
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• Long Beach Apartment Building Goes for $275k/Unit
5/24/23
A four-unit apartment building in Long Beach sold for $1.1 mil or $275k per unit. The apartment building, located on a 3k sf corner lot at 801 Atlantic Ave, was built in 1914 and comprises four units, including two three-bedr...
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• New Mercedes-Benz Classic Center Completed in Long Beach
5/23/23
Mercedes-Benz USA has completed work on the world’s second Mercedes-Benz Classic Center, an international destination for the luxury brand’s car enthusiasts. Designed by interior architectural design firm Hendy, the Long Beac...
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• El Cajon Apartment Building Trades for $262k/Unit
5/23/23
A 22-unit apartment building in El Cajon traded hands in a recent $5.775 mil ($262.5k/unit) transaction. Built in 1986, the property is located at 299 Wisconsin Ave, south of I-8 and west of Magnolia Ave in the city’s downtow...
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• Avison Young Awarded Leasing Assignment for 337k sf Office Highrise in Brentwood
5/23/23
LaSalle Investment Management has awarded the leasing assignment for 11755 Wilshire Blvd, a 24-story, 337.4k sf Class A office building in the Brentwood submarket on Los Angeles’ westside to Mitch Stokes and Mark Mattis with ...
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• Thousand Oaks Multifamily Portfolio Hits the Market
5/22/23
A two-property, 399-unit multifamily portfolio in Thousand Oaks has been put on the market. The portfolio includes Los Robles Apartments, a 253-unit property built in 1972 and The Retreat at Thousand Oaks, a 146-unit apartmen...
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• New 55k sf Dining Hall Completed as Part of Renovation at Westfield Topanga Center
5/22/23
Topanga Social, a new 55k sf dining hall at Westfield’s Topanga Mall in the western San Fernando Valley, has opened to the public. The project, part of the 250k square-foot renovation and expansion of Westfield Topanga Center...
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• San Diego CVS Pharmacy Sells for $5.8 Mil
5/19/23
A 17k sf, freestanding CVS Pharmacy in San Diego sold for $5.8 mil ($341/sf). The building sits on a 2.59-acre parcel located at 14589 Camino Del Norte, at the intersection with Carmel Mountain Rd. Adam Friedlander with Beta...
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• Corona Quick Quack Car Wash Ground Lease Deal Closes at 4.4% Cap Rate
5/18/23
A SoCal private investor spent $4.46 mil on a Corona ground lease property occupied by a 3.6k sf Quick Quack Car Wash. Built in 2022 and situated on just under one-acre, the property is located at 850 N. Main St. The property...
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• South Bay Office Building Picked Up for $24.75 Mil
5/18/23
Affiliates of Borstein Enterprises purchased DYAD South Bay, a two-building two-story office campus totaling approximately 116.2k sf on 5.22 acres of land in Torrance. The project, located at 19700 and 19750 South Vermont Ave...
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• Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
5/17/23
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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