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• The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
The Bradmore Group has completed construction on 42XX, a new creative, mass timber office campus in Marina del Rey. Located at 4204 Glencoe Ave, the 42XX campus spans three acres and comprises three interconnected low-rise bu...
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• Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Houston-based global investment firm Hines has acquired a 2,460-unit self-storage facility in Cerritos, CA for $91 mil. The 260.3k sf Extra Space Storage property was sold by a joint venture between Los Angeles-based self-sto...
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• Apartment Building in L.A.’s Echo Park Area Goes for $290k/Unit
10/04/24
In a recent L.A. multifamily comp, a five-unit apartment property in L.A.’s Echo Park area sold for $1.45 mil, or $290k/unit and $529/sf. The property is located at 1859 Echo Park Ave, north of Sunset Blvd and east of Glendal...
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• Central San Diego IOS Asset Goes for $14.6 Mil
10/03/24
A 3.6-acre Industrial Outdoor Storage (IOS) facility in the Central San Diego submarket of Miramar. Sold for $14.6 mil in a recent deal. The low coverage site is located at 7191 Carroll Rd, just west of Camino Santa Fe and no...
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• National City IOS Property Goes for $7.3 Mil
10/02/24
Macias Consulting Services LLC, a fleet services company based in San Diego, purchased a 2.06-acre industrial parcel with a 4.5k sf building in National City. The property, located at 3202 Hoover Ave, traded for $7.3 mil.
Ma...
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• Retail Center in Hermosa Beach Sells for Over $500/sf
10/02/24
In a notable retail trade out of L.A.’s South Bay region, Chartwell Real Estate Development paid $27.8 mil for Park Pacific Shopping Center, a 49.9k sf, ($557/sf) grocery-anchored retail center in Hermosa Beach. This marks th...
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• Downtown L.A. Highrise Trades for $80 Mil
10/02/24
Union Bank Plaza, a 40-story office/retail tower located at 445 South Figueroa St in Downtown Los Angeles, has traded hands in a recent transaction valued at $80 mil. The 700k sf high-rise was acquired by Washington Capital M...
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• Murrieta Retail Property Sells for $975/sf
10/02/24
A two-tenant, 5.1k sf retail property in Murrieta traded hands in a $5 mil transaction. The property, located at 27970 Clinton Keith Rd, was recently built in spring 2024 and is fully occupied by Verizon Wireless and Chipotle...
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• EQT Exeter Spends $23.4 Mil on Otay Mesa Industrial Facility
10/01/24
EQT Exeter has purchased a freestanding, 115.5k sf industrial/warehouse building on 5.7 acres in San Diego’s Otay Mesa submarket for $23.45 mil ($203/sf). The single-tenant property, located at 2345 Britannia Blvd, is 100% le...
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• San Ysidro Industrial Complex Purchased for $27 Mil by GID Industrial Acquisition
9/27/24
In a notable industrial buy from San Diego County, GID Industrial Acquisition purchased Trolley Industrial Center, a 105.5k sf property on over five acres in San Ysidro, for $27.25 mil ($258/sf), The multi-tenant property, lo...
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• ACSCO Products Leases 29k sf of Space in Burbank
9/27/24
ACSCO Products Inc has leased a 29.3k sf of industrial space in Burbank. The structure, located at 3100 San Fernando Blvd, is part of a larger 63.4k sf multitenant warehouse/manufacturing facility that is now fully leased.
...
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• Irvine Office Building Fetches $258/sf in Owner/User Buy
9/26/24
A 157.5k sf office building in Irvine sold for $40.6 mil ($258/sf) in a recent owner/user buy. The building, located at 5 Peters Canyon Rd, was purchased by TP-Link Systems Inc.
The low-rise building, built in 2000, sits on ...
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• Regional Center in Oceanside Sells for $34 Mil
9/26/24
Plaza Rancho Del Oro, a 65k sf regional retail center in Oceanside, was purchased by an LA-based high-net-worth individual for $34.3 mil, or $527/sf. The property, located at 4120-4196 Oceanside Blvd, is shadow-anchored by Al...
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• NAIOP SoCal Presents Night at the Fights 2024 Featuring Record Four CRE Industry Bouts
9/26/24
On October 10, 2024, eight commercial real estate professionals will step into the boxing ring as part of the main event at this year’s NAIOP SoCal Night at the Fights black tie gala. Thanks to popular demand, it is the first...
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• Work Gets Underway on 68k sf Biz Park in Carlsbad
9/24/24
The Techbilt Companies has broken ground on Evolve, a brand new 67.7k sf, three-building campus in Carlsbad. The new Class A complex is situated within a 600-acre master-planned development surrounded by over 350 acres of ope...
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• Aerospacelab Leases 35k sf Torrance Building
9/23/24
Aerospacelab inked a new lease for a 34.7k sf, industrial building in Torrance. The property, located at 20000 South Vermont Ave, includes 6.7k sf of office space. Marking Aerospacelab’s first factory in the U.S., the facili...
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• Venture Between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management Buys 276k sf Conejo Valley R&D/Office Property
9/23/24
A partnership between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management has acquired Lakeview Innovation Center, a 276.5k sf, Class A research and development (R&D) and office property o...
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• GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood
9/20/24
GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
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• Investors Trade Riverside Multifamily Property in $10 Mil Deal
9/19/24
Ramona Oaks Apartments, a 44-unit multifamily property in Riverside, sold for $10.15 mil, or $231k/unit. The property is located at 3401 Ramona Dr, on the northwest side of the 91 Fwy.
The community offers a mix of one- and ...
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• BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
BKM Capital Partners has executed a $110 mil recapitalization of a five-property, light industrial portfolio. The transaction also marks an expansion of BKM’s partnership with a global investment manager, bringing the joint v...
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