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• Newly Constructed Chase Bank Building in Bakersfield Sells for Over $800/sf
2/21/24
A newly constructed, 3.6k sf single-tenant property occupied by Chase Bank with a drive-thru ATM in Bakersfield traded hands in a $2.93 mil ($814/sf) transaction. Chase is on an absolute triple-net ground lease.
Constructed ...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• Residents are Moving into New Kennedy Wilson Master-Planned Res Community in Camarillo
2/21/24
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in. The development consists of 310 market-rate apartments, 109 for-sale homes, 170 i...
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• Riverside Multi-Tenant Retail Asset Lands $12.8 Mil Refi
2/20/24
A 99k sf, grocery anchored retail property within the Citrus Landing retail center in Riverside was refinanced with a new permanent loan for $12.8 mil. The property, located at 7200 Arlington Ave, is anchored by Stater Bros, ...
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• Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Here’s news of an interesting mixed-use listing in downtown San Diego. The property is a four-story, 18.2k sf building with three floors of creative office space above a ground floor restaurant and brewery.
The building, con...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
2/19/24
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil.
Built in 2022, the property is located at 5501-5513 Laur...
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• Iconic Theater Property in L.A.’s Westwood Village Trades
2/16/24
Here’s news of an interesting property trade we wanted to share, even though we don’t have that much info, although we do have this cool drone pic. The property is the iconic Fox Village Theatre, located at 945 Broxton Ave an...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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• Apartment Property in L.A.’s Koreatown Trades for $200k/Unit
2/14/24
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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• Gaming Firm Com2uS Inks Deal for Hollywood Office Space
2/13/24
In Hollywood, Com2uS agreed to a long-term lease for 12k sf of office space at Kilroy Realty’s Sunset Media Center, an innovative vertical office campus located at 6255 West Sunset Blvd. The company, a mobile gaming firm, wil...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
2/12/24
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• Ontario Industrial Facility Leased in $8.8 Mil transaction
2/08/24
A 102.9k sf, freestanding Class A industrial property in Ontario was leased in a four-year, $8.79 mil transaction. The deal averages out to $1.78/sf/mo.
Located on 4.7 acres at 5505 E. Concours St, the facility was built in ...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
2/07/24
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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• Phase One Completed at New Los Angeles Affordable Housing Project
2/07/24
Phase One of Rose Hill Courts, an 89-unit affordable housing project in northeast Los Angeles, has been completed. The LEED-certified project, located at 4466 E. Florizel St, is being built by R.D. Olson Construction on behal...
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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• Single-Tenant Starbucks Near USC in L.A. Sells for $2,177/sf
2/06/24
A single-tenant Starbucks café with a drive-thru in Los Angeles traded for $3.25 mil, in a deal that worked out to a 4.57% cap rate. The property is located approximately one mile from the University of Southern California. F...
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• Palm Desert Apartment Property Sells for $220k/Unit
2/06/24
An unnamed private investor paid $2.2 mil for a 10-unit ($220k/unit) multifamily property in Palm Desert. This was the first time the property had traded in over 20 years.
The apartment community is located at 73435 San Gorg...
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• Howard Schwimmer to Be Inducted into NAIOP SoCal’s Hall of Fame
2/05/24
Rexford Industrial Co-CEO and Director, Howard Schwimmer will be inducted into NAIOP SoCal’s Hall of Fame as part of its 2024 Industry Awards Gala. Now in its third year, the NAIOP SoCal Awards Gala recognizes excellence acro...
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• 1 msf Inland Empire Industrial Outdoor Storage Portfolio Trades
2/05/24
A three-property, 1 msf industrial outdoor storage (“IOS”) portfolio in CA traded hands in a recent transaction. The buyer benefits from the opportunity to acquire immediate scale in the emerging IOS/ISF sub-asset class, whic...
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• San Diego Flex Biz Park Sells for $45 Mil
2/05/24
Sorrento View Business Park, a seven-building, multi-tenant, Class A, mixed-use/flex business park in the central San Diego location of Sorrento Mesa, sold for $45 mil. The 139.3k sf ($323/sf) property is located at 5945-5965...
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