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• Capstone Advisors Pays $578/sf for Coastal SoCal Retail Center
11/13/24
In a notable SoCal retail trade, Capstone Advisors bought Beachwalk Shopping Center, a 55.6k sf, coastal retail property in Solana Beach, for $32.125 mil ($578/sf). Beachwalk features a diverse tenant mix including food and b...
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• Real Estate Development Associates and Clarion Partners Finish Work on 250k sf Industrial Project in Central L.A.
11/12/24
Construction has wrapped up on Union Commerce Center, a brand new 253.3k sf, Class A warehouse/distribution facility in central Los Angeles. Situated on over 11 acres at 3690 E Union Pacific Ave, the project was built by a ve...
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• Outparcel Buildings at Riverside Retail Center Trade in $20 Mil Deal
11/12/24
A private investor from Los Angeles purchased five retail outparcels totaling 25.9k sf at Citrus Landing, a newly remodeled, 100%-occupied, 124.9k sf grocery-anchored neighborhood shopping center in Riverside. The transaction...
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• AutoZone Leases 16k sf Store Space at Monrovia Plaza
11/11/24
AutoZone inked a 10-year lease for a 15.8k sf store space within Monrovia Plaza, a 140k sf retail center located at 300 W Huntington Drive in Monrovia,
With this lease Monrovia Plaza is now fully occupied by 17 tenants and i...
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• Inland Empire Auto Services Property Sells for $9.5 Mil
11/11/24
G & M Oil Company purchased a Chevron Station, ExtraMile Convenience Store and Express Car Wash in the Inland Empire city of Highland in a recent $9.5 mil all-cash deal. The purchase included both the business and the real es...
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• Pacific Premier Bank Inks 115k sf Office Lease in Irvine
11/08/24
Pacific Premier Bank has signed a lease for 115.4k sf at Irvine Concourse, located at 17901 Von Karman Ave in Irvine. Terms of the deal were not disclosed.
Pacific Premier Bank, previously occupying two buildings at Irvine C...
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• Buchanan Street Partners Acquires Two-Acre In land Empire Site for New Self-Storage Project
11/08/24
Buchanan Street Partners acquired a 2.05-acre Inland Empire property with plans to redevelop the site into a state-of-the-art self-storage facility. The property is located at 1382 East Foothill Blvd, north of I-10 in Upland....
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• Coastal Carlsbad Apartment Asset Sells for Over $500k/Unit
11/07/24
Dunbar Residential Investments, in partnership with Long Wharf Capital, acquired Pure Beach Living, a 40-unit residential property in Carlsbad, for $20.9 mil ($522.5k/unit). The property I located less than a half mile from t...
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• Cabot Properties Acquires 669k sf Inland Empire Industrial Portfolio
11/07/24
Cabot Properties has acquired the IE 4-Pack portfolio, a 669k sf industrial portfolio in the Inland Empire, from a private institutional seller for $202.1 mil ($302/sf). The properties are in the cities of Ontario, Fontana an...
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• Second Phase of Downtown Burbank Mixed-Use Development is Finished
11/06/24
The second phase of First Street Village in Burbank has been completed. The project is a modern, three-phase mixed-use apartment community located at the intersection of First St, and Magnolia Blvd in the city’s downtown.
T...
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• ValueRock Realty Partners Buys Former Macaroni Grill Property at Aliso Viejo Town Center
11/06/24
ValueRock Realty Partners has purchased the former Macaroni Grill restaurant building — a vacant 7.9k sf retail pad building on 1.34 acres — at Aliso Viejo Town Center in Aliso Viejo, for $5.3 mil ($671/sf). Aliso Viejo Town...
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• $7.4 Mil Laguna Beach Multifamily Trade Offers Significant Upside for the Buyer
11/05/24
A private investor paid $7.375 mil for Sterling Plaza Apartments, a 12-unit ($615k/unit) multifamily community in Laguna Beach. This was the first time in 40 years that the property, located at 2607 Solana Way, adjacent to th...
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• Arete Venture Partners Buys 78k sf SoCal Industrial Asset
11/05/24
Arete Venture Partners purchased Pomona East Commerce Center, a six-building, 78.2k sf industrial center in Pomona. The price was not given out.
The center is situated on 4.34 acres at 310-380 South East End Aven and 1605 an...
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• Santa Monica Jiffy Lube Property Sells for $899/sf
11/05/24
A 4.6k sf retail property in Santa Monica sold for $4.05 mil, or $899/sf. The property, situated on a 13.5k sf lot at 2344 Pico Blvd, is occupied by Jiffy Lube on a NNN lease.
The lease began on February 1, 2012, and extends...
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• $350 Mil Student Housing Project Finished at UC San Diego’s La Jolla Campus
11/04/24
Pepper Canyon West Living and Learning Neighborhood, a new residential community located on the eastern edge of the University of California San Diego’s historic La Jolla campus, has been completed.
Anchored by two towers,...
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• United Way of Greater Los Angeles Leases Full Floor at DTLA Office Tower
11/01/24
In a downtown Los Angeles office lease, United Way of Greater Los Angeles signed a 15-year deal for a 22.1k sf, full floor at 515 South Figueroa St. The firm will relocate to its new ninth floor space in April 2025.
515 Sout...
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• Jamison and Arc Capital Partners Start Work on Conversion of L.A. Office Building into 236-Unit Res Tower
11/01/24
Jamison, in a joint venture with Arc Capital Partners, has started the conversion of a 13-story, 233k sf office building in L.A.’s Mid-City area into a mixed-use development with 236 multifamily units and 15k sf of street-lev...
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• New San Ysidro Owner/User Development Provides 132k sf of Office and Retail Space just North of the U.S. / Mexico Border
11/01/24
Work has been completed on a new, 132.4k sf six-story mixed-use structure in San Ysidro for Baja-Mex Insurance Services. The visually striking building was built by C.W. Driver Companies and includes a parking structure along...
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• Lennar Homes Acquires 11-Acre Res Development Site in Poway
10/31/24
Lennar Homes acquired Harmon Ranch on Oak Knoll, a 10.87-acre land development site in Poway, for $24.5 mil. The land is fully approved for 64 single-family homes.
Located at 12624, 12650 and 12702 Oak Knoll Rd, the property...
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• Retail Portfolio in San Bernardino Sells for $7 Mil
10/31/24
A portfolio of four adjacent, separately parceled single-tenant, net-leased properties in San Bernardino traded in a recent $7 mil deal. The properties, located at 2505-2575 Highland Ave, are occupied by IHOP, Wienerschnitzel...
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