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• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
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• North Hollywood Industrial Facility Fetches $484/sf in Competitive Market
7/01/24
A 5k sf, freestanding industrial building in North Hollywood sold for $2.4 mil ($484/sf). The building, located at 5358 Cartwright Ave, is situated in the vibrant North Hollywood Arts District.
The property sits on an 11.9k...
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• Office Property Sells for $18 Mil in Owner-User Deal
7/01/24
Hampton Tedder Electric purchased a 98.9k sf, Class A office building in the city of Orange for $17.9 mil ($181/sf). The buyer plans to occupy the 15.7k sf top floor at the building, located at 999 Town & Country.
The four-s...
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• Premier Workspaces Opens Fourth Location in Beverly Hills
6/27/24
Leading flexible workspace provider Premier Workspaces has just opened a new location in Beverly Hills, the firm’s fourth center in the city. Located at 9465 Wilshire Blvd, this latest center is within the city’s Golden Trian...
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• Historical Property in Santa Monica Trades for $1,660/sf
6/27/24
A 1.5k sf retail property in Santa Monica traded hands for $1,660 per square foot in a recent $2.49 mil sale. Located at 3116 2nd St, the building formerly housed The Powerhouse theater.
The property is on the list of Califo...
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• SoCal Coastal Retail Pad Building Sells for Over $2,200/sf
6/26/24
A 1.4k sf pad retail building on a 16.7k sf lot sold for $3.1 mil, or $2,214/sf. The property is in a coastal location at 1967 San Eijo Ave, adjacent to the Cardiff Seaside Market Center and directly across from San Elijo Sta...
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• Strip Center in West Covina Goes for Over $300/sf
6/26/24
A 7.8k sf retail strip center in West Covina sold for $2.44 mil, or $312/sf, in an all-cash deal. The multi-tenant center, located at 532-540 North Azusa Ave, just north of the I-10 Fwy, was 100% occupied at the time of sale....
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• Chick-fil-A Sale in Murrieta Closes at 3.9% Cap Rate
6/25/24
A private investor paid $6.15 mil for a ground leased property occupied by a 5k sf Chick-fil-A restaurant in Murrieta. The new construction property is located at 27960 Clinton Keith Rd, adjacent to the east side of I-215. It...
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• San Gabriel Valley Biz Campus Trades in $9.2 Mil Deal
6/25/24
Arrow Pines Business Park, a 44.1k sf industrial business park in San Dimas, was acquired by a private investor for $9.23 mil ($209/sf). The park sits on 3.17 acres at 210 and 260 West Arrow Hwy and 440 South Cataract Ave in ...
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• Redwire Space Enterprises Leases 42k sf Goleta Facility
6/24/24
Redwire Space Enterprises will increase its Goleta footprint to nearly 90k sf after leasing a 42k sf flex building at 326 Bollay Drive. Not counting renewals and subleases, this represents the largest lease transaction in Gol...
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• Upscale Multifamily Property in L.A.’s Brentwood Neighborhood Lands New $49 Mil Loan
6/21/24
Gortikov Capital has secured a $49.5 mil floating rate senior bridge loan on Luxe Villas, a 60-unit, Class A multifamily building in the upscale L.A. neighborhood of Brentwood. Developed in 2005 and fully renovated in 2023, t...
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• Ravello Holdings and WNC & Associates to Build Single-Family Affordable Housing Project in Lancaster
6/20/24
Ravello Holdings and WNC & Associates have closed a deal to begin construction on Maison’s Sierra, an affordable housing community comprised of 196 single-family affordable rental homes in the north L.A. County city of Lancas...
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• Trammell Crow Company Picks Up San Fernando Valley Site for 350-Unit Res Project
6/20/24
Trammell Crow Company has purchased a 4.78-acre site in the San Fernando Valley with plans to build a residential development on the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit m...
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• Carlsbad Biz Park Goes for Over $19 Mil
6/18/24
Arroyo Business Center, a 64k sf, multi-tenant light industrial park in Carlsbad, was purchased for $19.3 mil ($301/sf) by an unnamed global private equity firm. Located at 6352 and 6354 Corte Del Abeto, the North San Diego C...
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• Chicago Investment Entity Spends $9.8 Mil on San Diego Area Office Property
6/18/24
Aerofund Financial Plaza, a 48.6k sf, multi-tenant office building on over 1.3 acres in San Diego’s Mission Valley neighborhood, was acquired by Chicago-based CES Remington LLC for $9.8 mil ($201/sf). Located at 4025 Camino d...
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• Res Development in L.A.’s Koreatown Recapitalized with New Loan for $21.6 Mil
6/17/24
EGC Real Estate Group has recapitalized Kanvas, its recently completed 67-unit apartment building in Los Angeles’ Koreatown submarket, with a new loan for $21.6 mil. Financing was arranged by Priority Capital Advisory and pro...
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• J.H. Snyder Completes Renovation of 530k sf Office Property in L.A.’s Miracle Mile Area
6/17/24
J.H. Snyder has completed a multi-million-dollar renovation at 5757 Wilshire Boulevard, a Class A, 11-Story office building totaling 530k sf in L.A.’s the Miracle Mile submarket. In addition, there have been multiple leases t...
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• Driftwood Capital Starts Work on Marriott Hotel Project in San Diego’s Mission Valley Area
6/14/24
Driftwood Capital has started work on the Element Hotel by Marriott in San Diego County’s Mission Valley area. The project, located at 8757 Rio San Diego Dr, next to the existing full-service Marriott Hotel Mission Valley, wa...
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• Signal Hill Retail Strip Center Sells for $363/sf
6/14/24
Tova Capital has acquired East Willow Village, an 18.6k sf retail strip center in Signal Hill, for $6.75 mil ($363/sf) in an off-market transaction. East Willow Village, located on a nearly two-acre site at 2201 E. Willow St ...
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• NewMark Merrill Companies Lands Management Assignment for 294k sf South OC Retail Center
6/13/24
Horowitz Group has awarded NewMark Merrill Companies the property management assignment for Plaza de la Paz, a 294.6k sf retail destination in Laguna Niguel. The center is located at 27241 La Paz Rd, at Pacific Park Drive.
A...
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