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• Compton Warehouse Gets New Owner in $16 Mil Trade
10/16/23
A 43.5k sf warehouse property in Compton was purchased by a private investor in a $16 mil ($368/sf) transaction. The property is located at 1303 West Walnut Pkwy, east of Central Ave and just north of the 91 Fwy.
The propert...
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• Second Half of 432k sf San Diego Industrial Portfolio Sale Completed
10/13/23
The disposition of the 432k sf Brown Field Tech Park I and II industrial portfolio in San Diego’s Otay Mesa submarket has wrapped up. The portfolio was sold by Murphy Development Company. The sales price(s) were undisclosed.
...
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• Upland Medical Office Building Purchased by Owner/User in $8.85 Mil Deal
10/13/23
A 47.9k sf medical office building in Upland sold for $8.85 mil ($185/sf) to a local medical user. The property, located at 400 Mountain Ave, was sold by Harbor Associates.
The three-story building is located on the southeas...
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• Inland Empire DaVita Dialysis Clinic Sells for $4.45 Mil
10/13/23
A 14k sf, single-tenant DaVita Dialysis clinic in the Inland Empire city of Indio sold in a recent $4.45 mil ($318/sf) 1031 exchange transaction. The property, located at 82900 Avenue 42, traded at a 5.66% cap rate.
Convenie...
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• Restaurant Property in San Diego’s Rancho Bernardo Area Sells for $3.9 Mil
10/12/23
An 8.9k sf free-standing restaurant in San Diego’s Rancho Bernardo submarket sold for $3.9 mil, or $438/sf. The buyer intends to use the property to open a new restaurant, Sapphire Indian.
Built in 1987, the free-standing bu...
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• Calabasas Office Complex Trades to Investment Entity of Local Industry Pros
10/12/23
Calabasas Courtyard, a three-building office project located in the western San Fernando Valley city of Calabasas was acquired by Calabasas Courtyard LLC, an investment entity comprised of industry veterans Brian Forster of ...
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• OC Office Building Leased to the State of California Sells for $327/sf
10/11/23
Easterly Government Properties acquired a 95.4k sf, Class A office building in Anaheim in a $31.15 mil ($326.50/sf) trade. The property, 1065 Link, is 100% leased to the State of California.
1065 Link is a four-story institu...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
10/11/23
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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• Two Recent Long Beach Apartment Sales Total Over $7 Mil
10/11/23
Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit).
In one of the transactions, a seven-unit multifamily property at 122 E....
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• Office/Flex Building in the San Gabriel Valley Trades in $25 Mil Deal
10/10/23
A 122k sf office/flex building in the San Gabriel Valley city of Monrovia traded for $25 mil, or $205/sf. Located at 222 E. Huntington Dr, the asset is the largest office building ever sold in the city and also fetched the hi...
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• Hoonie Kang Promoted to Managing Partner at Kearny Real Estate Company
10/09/23
Hoonie Kang has been promoted to Managing Partner at Kearny Real Estate Company. In his new role, Kang will oversee the day-to-day operations of the firm, allowing Kearny Founder and Chairman Jeff Dritley to focus on bigger p...
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• Carlsbad Office Building Purchased by Local Owner/User for $337/sf
10/09/23
Core Contracting paid $4.42 mil for 1530 Faraday Avenue, a 13.1k sf ($337/sf) office building in Carlsbad. The buyer, a local company, will occupy the space, which is located minutes from Interstate Five and near The Island a...
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• Mixed-Use Project in L.A.’s Los Feliz Neighborhood Lands $90 Mil Refi
10/09/23
A joint venture of LaTerra Development and Clarion Partners has secured $90 mil in refinance money for The Louise, a newly constructed, upscale multifamily mixed-use property in L.A.’s Los Feliz neighborhood. The project, fea...
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• Renovation Completed on California Community Foundation HQ in DTLA
10/06/23
The new 54k sf, California Community Foundation (CCF) HQ facility is now open. Designed by SRK Architects Inc, the renovation project entailed both an interior and exterior redesign of the four-story building, located at 717 ...
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• KFC Signs Lease for 3.3k sf Restaurant in Ontario
10/06/23
KFC inked a 15-year ground lease for a 3.3k sf drive-thru restaurant in Ontario. The property is located at 1851 East G St, at the intersection of the I-10 freeway and Vineyard Ave.
The site offers visibility to over 270,000...
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• Medical Office Building in South OC Trades for $436/sf
10/06/23
A SoCal-based investor paid $12 mil for a 27.5k sf ($436/sf) medical office building in San Clemente. The deal closed at a 6.93% cap rate.
The two-story building, built in 2002, is situated on 1.66 acres at 1300 Avenida Vist...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
10/05/23
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• Kearny Mesa Res Project to Move Forward with $99 Mil in Construction Money
10/05/23
San Diego-based real estate development firm AAA Management has landed $99.4 mil in construction financing for Ion Aero, a planned 302-unit mid-rise multifamily community located at 8555 Aero Dr in San Diego.
The community w...
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• MIG Real Estate Closes $174 Mil Apartment Buy in Vista
10/04/23
In a significant SoCal multifamily buy, MIG Real Estate LLC purchased Waterleaf, a 456-unit apartment complex in Vista, for $174 mil ($382k/unit). MIG plans to modernize the interiors, paint the exterior, and enhance the comm...
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• City of Industry Facility Finds New Tenant in Action-Packed Deal
10/04/23
Action Sales signed a 64-month, $25 mil lease with an option to extend on a 181.7k corporate office and distribution property in City of Industry. Action Sales will use the property, located at 17708 Rowland St, as its corpor...
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