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• Owner/User Pays Over $500/sf for Irvine Building
12/28/23
E&N Highpoint LLC has acquired a two-story, 6.2k sf flex/R&D building in Irvine for $3.21 mil ($518/sf). Built in 2007, the building is located at 16150 Scientific Way, in the heart of the Irvine Spectrum submarket.
The prop...
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• Santa Ana Industrial Asset Sells for Just Under $5 Mil
12/27/23
JA Roberto Investments has acquired two industrial buildings totaling 27.4k sf on 1.06 acres at 800-808 East Washington Ave in Santa Ana for $4.95 mil ($181/sf).
800-808 East Washington Ave has immediate access to the 5, 55...
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• Office Building on L.A.’s Westside Trades in $45 Mil Deal
12/27/23
A joint venture between Harbor Associates LLC and F&F Capital Group has acquired a five-story, 164.7k sf Class A creative office building on Los Angeles’ westside for $44.7 mil ($271/sf). The building is located at 1640 Sepul...
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• Aon Tower in Downtown Los Angeles Trades for $147.8 Mil
12/26/23
Aon Center, a 1.1 msf office tower at 707 Wilshire Blvd in downtown Los Angeles, traded hands in a $147.8 mil transaction. The deal, which works out to about $134/sf, is the largest post-pandemic office sale in downtown Los ...
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• Temple City Res Development Opens to the Public
12/22/23
Begonia Place, a four-story, 74-unit residential/retail development in Temple City, has been completed and is now open to the public. The $37.8 mil project was built by C.W. Driver Companies on behalf of Begonia Real Estate D...
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• OC Grocery-Anchored Center Trades
12/21/23
Buena Park Place, a grocery-anchored, 208.6k sf shopping center located in the OC city of Buena Park, was acquired by an unnamed private investor. The seller was SITE Centers Corp.
Built in 1961 and renovated in 2016, the 10...
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• LA Investor Pays $292/sf for OC Biz Park
12/21/23
Harbor Warner Business Center, a 38.6k sf, industrial multi-tenant business park in Santa Ana, was purchased by a private investment fund in an $11.275 mil ($292/sf) transaction. The asset was sold by Rexford Industrial Realt...
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• L.A. Investor Pays $3 Mil for 1.73-Acre Site in Rancho Cucamonga
12/21/23
An L.A.-based private investor paid $3 mil for a 1.73-acre parcel of vacant land in an all cash transaction. The land, which is zoned mixed-use, is located at the northwest corner of Foothill Blvd and Etiwanda Ave in Rancho ...
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• New SoCal Raising Cane’s Goes for Over $1,600/sf
12/20/23
A brand-new construction, 3.2k sf single-tenant Raising Cane’s Chicken Fingers Double Drive-Thru restaurant in Santa Maria sold for $5.1 mil, or $1,608/sf. The property is within Enos Ranch, considered to be Santa Maria’s pre...
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• STG Capital Partners Picks Up 17 Acres in Paso Robles for Res Development
12/19/23
STG Capital Partners has acquired 17 acres of land located at 3138 Linne Road in Paso Robles, CA for $16.95 mil. The company will begin immediately on the development of 214 build-to-rent homes with completion planned for su...
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• Exchange Investor Pays $324/sf for Inglewood Retail Center
12/19/23
An L.A.-based exchange investor bought a 12.8k sf, multi-tenant retail center anchored by Dollar General in Inglewood for $4.15 mil ($324/sf). The seller was also a private investor based in Los Angeles.
Built in 1961 and re...
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• Recent Lease Signings Bring Chino Spectrum Marketplace to 98% Occupancy
12/19/23
In recent retail activity news, four new leases totaling 16.4k sf were signed at Chino Spectrum Marketplace in Chino. The leases bring the property to 98% occupancy.
The latest deals at the center were with Boston Pizza (6....
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• FPA Multifamily Closes $171 Mil Acquisition of Two Thousand Oaks, CA Res Communities
12/15/23
FPA Multifamily purchased a two-property, 399-unit multifamily portfolio in Thousand Oaks, CA in a $171.25 mil transaction. FPA made the buy on behalf of their Core Plus Fund V, which has acquired $1.9 bil of assets.
The pro...
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• DCW Inc Leases 115k sf Industrial Facility in Rancho Dominguez
12/15/23
DCW Inc, a warehousing, fulfillment, distribution, and transportation services company, inked a $10.08 mil lease for a 115.7k sf industrial warehouse property in Rancho Dominguez. The property, located at 3040 E. Ana St, is o...
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• Family Health Centers Pays $525/sf for San Diego Building
12/15/23
Family Health Centers paid $11.025 mil for a 21k sf ($525/sf) commercial building in San Diego. The building sits on a site with flexible zoning for various uses.
Located at 4650 Mission Bay Dr, on the corner of Garnet Ave a...
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• Garden Grove Office Building Trades for $188/sf
12/15/23
Garden Grove Plaza, a 64.5k sf office building in Garden Grove, sold for $12.12 mil ($188/sf). The buyer was the City of Garden Grove.
The five-story glass-and-steel office building is situated on just over two acres at 1296...
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• Tabani Group Spends $16.7 Mil on OC Retail Asset
12/14/23
Tabani Group paid $16.7 mil for Bristol Marketplace, a 107.7k sf retail property in Santa Ana. Bristol Marketplace is comprised of a 99.8k sf, two-story Kohl’s (dark) and adjacent shop space. The offering presented investors ...
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• Private Investor Exchanges into Five Res Properties in Torrance and Long Beach
12/14/23
A private investor has purchased five multifamily properties in Torrance and Long Beach from different sellers to fulfill their 1031 exchange requirement following the sale of a 3.82-acre property in Torrance.
CBRE’s Dan Bl...
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• Bristol Farms Inks Lease at New Modera Argyle Development in Hollywood
12/13/23
Upscale regional grocer Bristol Farms agreed to a 15-year lease for 23.2k sf of space at Modera Argyle, a 276-unit, luxury res development at the corner of Selma and Argyle Avenues in the heart of the Hollywood Entertainment ...
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• County of Ventura Closes $14.9 Mil Buy of Thousand Oaks Building
12/13/23
The County of Ventura acquired a vacant 98.8k sf commercial building in Thousand Oaks in a recent $14.9 mil ($151/sf) transaction. The County plans to use the building, located at 2400 Conejo Spectrum, for its Fire Department...
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