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• Res Community in L.A.’s Playa Vista Area Lands New Loan of $115 Mil
10/27/23
Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista.
The Ventana was originally constr...
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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• Bakersfield Multifamily Property Traded in a Deal that Works Out to $139k/Unit
10/25/23
Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, was sold in a recent $13.6 mil ($138.8k/unit) transaction. According to CoStar, this sale represents the 2nd largest transaction this year in Bakersfield....
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• Apartment Property in L.A.’s Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.’s Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds.
Located...
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• Burke Real Estate Group Buys 54k sf Distribution Facility in Kearny Mesa
10/24/23
SoCal-based Burke Real Estate Group acquired a 54k sf industrial distribution facility in San Diego’s Kearny Mesa submarket. The Class A property is located at 7440 Convoy Court, east of I-805 and just south of Hwy 52. The pr...
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• Laguna Beach Apartment Building Sells for $384k/Unit
10/24/23
An eight-unit multifamily community in Laguna Beach was purchased by an Orange County-based private investor for $3.075 mil, representing a sale price of $908 per square foot and $384.4k/unit. The apartment building is locate...
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• National City Church Property Trades in $4 Mil Exchange
10/23/23
A church property in National City was acquired by a growing church congregation in a recent $4 mil transaction. The purchase consists of a 20.2k sf church sanctuary and an adjacent educational building, covering an entire ci...
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• CapRock Partners Secures $32.9 Mil Loan on San Dimas Industrial Property
10/23/23
CapRock Partners obtained $32.9 mil in financing for 300 East Arrow Highway, a single-tenant industrial building totaling 165k sf in San Dimas. The new non-recourse loan was arranged by Greg Brown, Peter Thompson, Kyle White ...
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• Wimatex Inc Buys Vernon Shopping Center for $4.7 Mil
10/23/23
Vernon Shopping Center, a 14k sf retail asset located in the heart of the City of Vernon was acquired by California-based Wimatex Inc for $4.7 mil ($336/sf) as part of a 1031 exchange transaction.
Built in 2017 and situated ...
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• Santa Fe Springs Industrial Property Trades in $10.5 Mil Deal
10/23/23
Fortress Investment Group LLC purchased a vacant 31.4k sf industrial property in Santa Fe Springs for $10.515 mil. Situated on 2.45 acres at 14930 Marquardt Ave, the heavy manufacturing facility was built in 1969 and features...
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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area
10/20/23
Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen.
The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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• AIDS Healthcare Foundation Spends $20 Mil on Carson Distribution Facility
10/19/23
The AIDS Healthcare Foundation has purchased a 54k sf warehouse/distribution facility in the City of Carson for $20 mil ($370/sf). Constructed in 2002, the property is located at 18421 South Main St.
The freestanding, concre...
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• Ridgecrest Multifamily Property Goes for $48k/Unit
10/19/23
Ridge Apartment homes, an 80-unit multifamily property in the Inland Empire city of Ridgecrest, sold for $3.85 mil ($48.1k/unit). The property is located at 400 Cisco St, east of Hwy 395 and north of Hwy 78.
Ridge Apartment ...
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• LAX Freight Delivery Leases 123k sf Facility in the City of Commerce
10/18/23
Third party logistics firm LAX Freight Delivery Inc has signed a lease for an entire 123.1k sf industrial building in the City of Commerce. The site, covering seven acres at 2187 Garfield Ave, represents a relocation from a s...
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• Two Garden Grove Apartment Properties Generate $3.3 Mil
10/18/23
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry
10/17/23
Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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• Hawthorne Mall Property Listed for Sale by The Charles Company
10/17/23
The Charles Company has listed the Hawthorne Mall property in L.A.’s South Bay area for sale or long-term ground lease. The vacant property consists of a roughly 1 msf shopping center situated on about 25 acres.
The propert...
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• Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility
10/17/23
In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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• GK Dermatology and Med Spa Buys 10k sf Retail Building in San Diego
10/16/23
GK Dermatology and Med Spa acquired a 10k sf, freestanding retail building in San Diego for $5.25 mil ($525/sf). GK Dermatology and Med Spa will use the building, located at 4606 Mission Bay Dr, for its dermatology and med sp...
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