|
• Investor Pays $539/sf for Irvine Office Property
2/05/24
A 20.8k sf office building in Irvine sold for $11.2 mil, or $539/sf. From what we understand, this is the highest price per square foot for Irvine office space over 20k sf since 2019.
Located at 2485 McCabe Way, the two-stor...
|
• Riverside Res Comp Works Out to $150k/Unit
2/02/24
In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).
Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bed...
|
• DSW Leases 15k sf Space at Venice Retail Property
2/02/24
DSW Inc leased a 15k sf space at Lincoln & Rose Shopping Center, a 75k sf retail center in Venice. The tenant will be occupying what was a 99 Cents Only space in the Whole Foods-anchored shopping center, located at 201 Lincol...
|
• L.A. Outdoor Storage Property Sells for $2.68 Mil
2/01/24
Cypress Equity Investments paid $2.68 mil for a 1.41-acre industrial outdoor storage (IOS) property in Los Angeles. The property, located at 943 N. Marianna Ave, was acquired for the future development of a 90k sf self-storag...
|
• Exchange Investor Sells Two Properties and Buys another in Three San Gabriel Valley Deals Totaling $37 Mil
2/01/24
A private investment entity, 2000 Gold Limited Partnership, completed a 1031 exchange that entailed the sale of two buildings and the acquisition of a third property, all in the San Gabriel Valley. The transactions totaled $3...
|
• Rio Properties Transitions Five-Property SoCal Multifamily Portfolio as Part of a More Tax Efficient Investment Strategy
1/31/24
Rio Properties, a 25-year CA-based investor, transitioned a five-property, L.A.-area multifamily portfolio into a more tax-efficient investment strategy. The assets are located in Venice, Oakland, Los Angeles, and Marina Del ...
|
• Mercy Housing and TCA Architects Finish Work on San Fernando Valley Supportive Housing Project for Seniors
1/30/24
Construction has been completed on Burbank Boulevard Senior Housing, a 55-unit, permanent supportive housing development for seniors ages 55 years and older. The project, located at 14536 Burbank Blvd, just west of Van Nuys B...
|
• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
|
• New $156 Mil Rosecrans Avenue Bridge Opens Carrying Vehicles Over Railway in Santa Fe Springs
1/29/24
The Los Angeles County Metropolitan Transportation Authority (Metro), in partnership with various local, state and federal agencies, has opened the new Rosecrans Avenue Bridge in Santa Fe Springs. The bridge, which is part of...
|
• Little Buddy Toys Leases 95k sf Industrial Facility in Anaheim
1/29/24
Little Buddy Toys, an OC-based toy distribution company, has inked a lease for a 95.2k sf distribution center in Anaheim. The space is located at 270 East Palais Rd, ease of I-5 and south of Ball Rd.
The new Class A industri...
|
• California Commercial Investment Group Buys 19 Acres in Woodland Hills for Development of a Senior Living Facility
1/26/24
California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 mil. California Commercial Investment Group will develop a luxury se...
|
• Work Finished on $2 Mil Renovation of Scripps Ranch Office Property
1/26/24
Sason has completed a $2 mil renovation and repositioning at Canvas on Willow, a three-story office building totaling 121.4k sf in San Diego’s Scripps Ranch submarket. The property has also secured four new leases totaling ne...
|
• City of Industry Distribution Facility Trades for $16.5 Mil
1/25/24
West Harbor Capital spent $16.5 mil on a 69.5k sf ($237/sf), multi-tenant distribution facility in the City of Industry in an all-cash transaction. The property is located at 14313-14351 E Bonelli St.
The property benefits f...
|
• DPI Retail Buys Inland Empire Shopping Center in $24 Mil Deal
1/25/24
DPI Retail purchased Tri-City Center, a 151.7k sf shopping center in San Bernardino, in a recent $24.3 mil ($160/sf) transaction.
Built in 1987, the 100%-occupied center is anchored by a 24-Hour Fitness and Curacao. Addition...
|
• Work Underway on Nestle USA’s New 700k sf Distribution Center at Tejon Ranch
1/24/24
Construction is underway on a new distribution center for Nestlé USA Inc, the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700k sf, will be loca...
|
• Two-Building Asset in the Eastern San Gabriel Valley Fetched a Combined $12.2 Mil in Two Deals
1/24/24
Plaza Diamond Bar, a two-building property in the eastern San Gabriel Valley city of Diamond Bar, was acquired by two private investors in separate deals totaling $12.2 mil. The seller of both assets was a partnership led by ...
|
• Single-Tenant Raising Cane’s in Imperial Beach Sells for $5.7 Mil
1/24/24
A NoCal-based family investment entity purchased a new construction, 2.4k sf single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, CA in a $5.7 mil ($2,375/sf) off-market...
|
• County of Los Angeles Inks Office Leases in Culver City and San Pedro
1/24/24
The County of Los Angeles recently inked two office leases totaling more than 25k sf in the cities of Culver City and San Pedro.
Mark E. Mattis with Avison Young represented the ownerships of both buildings in the transactio...
|
• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
|
• CapRock Partners Reaches Development Milestone for First Phase of 2.7 msf Visalia Industrial Complex
1/23/24
In a SoCal industrial development update, CapRock Partners has completed the tilting of the concrete walls of Building 1 at CapRock Central Point III in Visalia. The structure is the first phase of a 2.7 msf, four-building sp...
|
Return to the Southern California area
