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• Turner Healthcare Facilities Funds Lands $35 Mil in Financing for Two SoCal Assets
8/22/24
Turner Healthcare Facilities Funds has obtained $35.83 mil in financing in separate transactions for two SoCal properties. The properties are 1650 Adams Ave, a 12.4k sf medical property in Costa Mesa, and 480 4th Ave., a 64,....
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• Bellflower Apartment Building Sells for $250k/Unit
8/22/24
In a recent LA-area multifamily sales comp, an eight-unit property in Bellflower traded for $2 mil, or $250k per unit. The buyer was a private 1031 exchange buyer from Newport Beach.
Located at 9108 Palm St, the 7.6k sf res...
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• Foxx Development Doubles Its Space at Otay Mesa Biz Park with New Lease for 50k sf
8/22/24
Foxx Development Inc signed an expansion lease for an additional 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Foxx Development is an Irvine-based company whic...
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• Three Multifamily Properties in East Los Angeles Fetch a Combined $3.2 Mil
8/21/24
A three-property, nine-unit multifamily portfolio located in the East Los Angeles and neighboring Boyle Heights areas of L.A. traded for $3.2 mil, or $355.6k/unit, in sales to three buyers. The deals closed at a combined cap ...
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• Owner/User Pays $227/sf for Irvine Office Asset
8/21/24
A two-story, 57.3k sf low-rise commercial building in Irvine traded hands in a $13 mil ($227/sf) deal. The property, located at 17101 Armstrong, was purchased by a municipal owner/user.
Built in 1982, the building sits on a ...
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• Chula Vista Retail Property Sells for Over $400/sf
8/20/24
Palomar Heritage LLC recently wrapped up a San Diego area retail buy, paying $14.7 mil for Heritage Towne Center, a 36.2k sf ($406/sf) center in Chula Vista. The property is located at 1392-1394 E Palomar St, east of I-805 an...
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• Ednovate Leases 42k sf Property Near Downtown L.A.
8/20/24
Ednovate has leased a 42.1k sf property at 533 Glendale Blvd, adjacent to the 101 Fwy and just west of the 110 Fwy near downtown Los Angeles. Ednovate is a network of free public college preparatory high schools in Southern C...
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• Escondido Industrial Outdoor Storage Asset Gets New Owner in $3.75 Mil Deal
8/20/24
Steel Peak has acquired an industrial outdoor storage (IOS) property in Escondido for $3.75 mil. The property, located at 2213 Meyers Ave, features an 8k sf industrial building and large secured fenced yard on 1.69 acres.
T...
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• Riverside Chipotle-Anchored Asset Sells for $927/sf
8/20/24
A Los Angeles-based 1031 exchange investor purchased a recently constructed, three-tenant net-leased investment anchored by a Chipotle Mexican Grill with a drive-thru “Chipotlane” in Riverside. The 6.3k sf property, which tra...
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• South OC Senior Living Community Secures $52 Mil Refi Loan
8/19/24
Atria Newport Beach, a 168-unit senior living community located in Newport Beach, was refinanced with a new loan for $52 mil. The property is owned by a partnership between a national REIT and Atria Senior Living.
Atria New...
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• Otay Mesa Build-to-Suit Industrial Building Acquired by Owner/User in $11.4 Mil Deal
8/16/24
San Diego-based EZ Fit Movers LLC paid $11.4 mil for a 44.3k sf industrial building in Otay Mesa. The property was sold by a local development company that completed construction of the building during the second quarter of 2...
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• San Diego Area Industrial Property Goes for $282/sf
8/15/24
A two-building, 60.9k sf industrial property in San Diego sold for $17.15 mil ($282/sf). The multi-tenant asset covers 3.66 acres at 8250-8260 Camino Santa Fe in the city’s western Miramar Area.
Built in the late 1980s, the...
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• Vista Multifamily Property Fetches $239/sf
8/15/24
Pine View Apartments, a 59-unit multifamily property in the North San Diego County city of Vista, sold for $14.1 mil ($239/sf). Built in multiple phases between 1964 and 1973, the same family has held ownership of the complex...
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• New Creative Office Development in Culver City Lands $21 Mil in Take-Out Money
8/15/24
A new construction, two-building creative office complex in Culver City has been refinanced with a $21.4 mil take-out loan. The 35k sf, Class A project, located at 3520-3524 and 3512-3516 Schaefer St, south of Washington Blvd...
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• Los Angeles Industrial Asset Sells for $233/sf
8/14/24
A 60.5k sf industrial building in Los Angeles traded hands for $14.1 mil, or $233/sf. The asset is located at 200-202 W. 140th St, east of the 110 Fwy and north of Rosecrans Ave.
The property offers convenient access to the ...
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• OC Multifamily Sale Works Out to $278k/Unit
8/14/24
An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278.1k/unit. The property features seven one-bedroom units and one two-bedroom unit, all of which were recent...
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• Intracorp Buys Res Development Site in the City of Orange
8/14/24
Intracorp paid $12.25 mil for a 2.7-acre parcel in the City of Orange. The company plans to build 49 two- and three-story single-family small lot homes on the site, located at 901 E Katella Ave.
The site is situated in a pri...
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• Dunbar Real Estate Investment Management Spends $10 Mil on Carson Industrial Asset
8/13/24
In a recent LA-area industrial buy, Dunbar Real Estate Investment Management purchased two concrete tilt-up buildings totaling 41.9k sf on almost two acres of land in Carson for $10.2 mil, or $243/sf. The asset is located at ...
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• Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Mattel, the multinational toy manufacturing and entertainment company based in El Segundo, has purchased Grand + Nash, a newly renovated 167.8k sf creative office campus at 2160 E. Grand Ave, also in El Segundo. The asset, wh...
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• Two San Diego Development-Ready Sites Trades in Deals Totaling $3.3 Mil
8/07/24
We’ve learned of two permit-ready land development sales in San Diego’s Barrio Logan and North Park urban neighborhoods to share with you. In one deal, a 4.9k sf lot at 1950 Kearney Ave in Barrio Logan traded for $1.35 mil. T...
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