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• Rockefeller Group Starts Work on 600k sf Distribution Project in Riverside
5/01/24
Rockefeller Group has begun construction of Sycamore Hills Distribution Center on 34.63 net acres in Riverside. The project includes two buildings totaling 603.1k sf: a 400k sf building (Building A) and a 203.1k sf building (...
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• Work Completed on $25 Mil Renovation of Desert Horizons Country Club in Indian Wells
4/30/24
The historic Desert Horizons Country Club in Indian Wells has just undergone an extensive $25.4 mil renovation. The much-anticipated project included improvements and expansion to the main clubhouse as well as a complete reva...
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• Private Investor Buys Res Development Site in Santa Ana
4/30/24
A private investor paid $1.16 mil for a 0.29-acre development site, fully entitled for 15 apartment homes, near Downtown Santa Ana.
The “shovel-ready” development, currently named 4G Lofts, is situated at 1212 East 4th St, n...
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• Class A Office Building in Glendale’s Financial District Put on the Market
4/29/24
Here’s news of a 136.6k sf, Class A office building in the heart of Glendale’s financial district that’s been put on the market. The building, situated on 0.87 acres at 700 N. Central Ave, is an eight-story, multi-tenant stru...
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• Meta Housing Corp Starts Work on Affordable Housing Project in the West San Fernando Valley
4/29/24
Meta Housing Corp has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in the western San Fernando Valley community of Woodland Hills. The project is being built by R.D. Olson Construc...
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• Vista Industrial Property Fetches $250/sf
4/24/24
In an industrial sales comp out of Vista, Dangra Inc purchased a 35.5k sf, Class A property for $8.8 mil ($250/sf). The property was sold by Hana Roads Holdings LLC.
Located at 2350 Oak Ridge Way, the building features 26k s...
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• Grubb Properties Obtains $20 Mil for Three SoCal Retail to Res Conversions
4/23/24
Bolour Associates has provided over $20 mil in debt financing for the redevelopment of three Southern California retail projects. Upon redevelopment, the sites will deliver 375 new apartment units by North Carolina-based Grub...
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• Orange County Multifamily Property Trades in $10 Mil Deal
4/22/24
A private investor paid just over $10 mil for a 30-unit multifamily community in Westminster, CA in a deal said to be the city’s largest multifamily sale in the past 12 months. The buyer was an OC-based 1031 exchange investor...
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• Community Preservation Partners Acquires 42-Unit Affordable Housing Project in El Centro, CA
4/22/24
CPP (Community Preservation Partners) has acquired Euclid Villas, a 42-unit multifamily property in El Centro, CA, with plans to renovate and retain the asset as an affordable housing project. Built in 1982, Euclid Vill...
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• Downtown Burbank to Gain Almost 1,000 Housing Units and Hotels as the City’s CBD Continues to Evolve
4/22/24
Burbank’s vibrant downtown core is evolving as a sought-after mixed-use environment with the coming addition of close to 1,000 housing units and hotels. These new developments are part of an overall strategy to improve the ci...
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• La Mesa Store Property Sells for $450/sf
4/19/24
A 14k sf retail store building in La Mesa sold for $6.3 mil, or $450/sf. The property, sitting on 1.27 acres at 8375 Hercules St, is the former home of a Lamps Plus location.
The building’s site, strategically located along...
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• California Schools Voluntary Employee Benefits Association Buys Office Building in San Diego
4/19/24
California Schools Voluntary Employee Benefits Association purchased a 45.9k sf office building in San Diego’s Kearny Mesa area for $12.2 mil ($266/sf). The property is located at 3990 Ruffin Rd, west of I-15 and north of Aer...
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• Namoo Korean BBQ Leases Retail Space on L.A.’s Westside
4/18/24
Namoo Korean BBQ has inked a new lease for 4.9k sf of space at Marina Marketplace, a 205k sf retail center located at 13450 Maxella Ave in Marina del Rey. Terms of the deal were not disclosed.
Marina Marketplace is anchored...
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• Corona Retail Asset Sells in $7.8 Mil Deal
4/17/24
Pacific Petroleum Inc paid $7.8 mil for a 20k sf ($390/sf) retail center in Corona. The property, located at 135, 175, and 265 East Ontario Ave, was sold by LJZ Corona LLC in an all-cash deal.
Main Street Village Center cate...
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• Regional Center in the L.A Area Trades in $66 Mil Deal
4/16/24
TRC Retail acquired La Canada Flintridge Town Center, a 115k sf regional retail center in the northeastern San Fernando Valley above Glendale and Pasadena, for $66 mil ($574/sf). The property, completed in 2008, is located a...
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• Costa Mesa Multifamily Asset Sells for $479k/Unit
4/16/24
A private investor paid $5.75 mil for Ebtide, a 12-unit ($479k/unit) multifamily property in Costa Mesa. Built in 1960 and renovated in 2022, the 7.6k sf, two-story, two-building apartment community sits on 0.29 acres at 1993...
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• California Landmark Group Wraps Up Work on Res Project in L.A.’s Silver Lake Neighborhood
4/15/24
California Landmark Group (CLG) has finished work on the 100-unit M1byCLG (M1), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015.
M1 represents California Landmark’s entry into one of Lo...
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• AEW Capital Management Buys 376-Unit Multifamily Property in Ventura County
4/12/24
AEW Capital Management has acquired Ranch at Moorpark, a 376-unit multifamily community in the Ventura County city of Moorpark, in a $133.2 mil ($354k/unit) transaction. The property is located at 51 Majestic Court, roughly 5...
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• L.A.-Based Buyer Spends $24.5 Mil on Two Industrial Buildings in Vista
4/12/24
Two fully leased industrial buildings in Vista totaling 111.5k sf of space traded hands in a recent $24.5 mil ($220/sf) transaction. The buildings, situated on 6.39 acres at 2210 Oak Ridge Way and 2325 Cousteau Court, were a...
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• Cityview Wraps Up Work on Apartment Project in L.A.’s Historic Filipinotown
4/11/24
Cityview has completed work on Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized with art deco design inspired by the area’...
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