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• San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 mil ($303k/unit) deal. Built in 1978 and on the market for the first time, Pinetree ...
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• Cityview and Wafra Buy New Res Community in L.A.’s Silver Lake Neighborhood
8/06/24
Cityview and Wafra have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles. Situated on a hilltop that provides 360-degree views of the city, S...
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• Simpler Space Leases Full Floor at Chino Office Building
8/05/24
SimplerSpace has opened a coworking location in the Inland Empire city of Chino. The new space occupies the entire 13.5k sf fourth floor at 14726 Ramona Ave. It has more than 50 offices/suites.
This newest location adds anot...
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• Multifamily Property in L.A.’s Koreatown Sells for $223k/Unit
8/05/24
A 19-unit multifamily property in Los Angeles’ Koreatown neighborhood traded for $4.24 mil, or $223k/unit. We’re told that the sale marks the highest price per unit in 2024 for properties of similar size and vintage in the ar...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• Torrance Office/Retail Building Sells for $565/sf
8/02/24
A fully leased, triple-net 12.4k sf office/retail building in Torrance traded hands for $7 mil ($565/sf). The freestanding building sits on a 48.2k sf lot at 23805 Hawthorne Blvd, in the highly sought-after South Torrance are...
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• Meta Housing Corporation and the Foundation for Affordable Housing Start Work on Long Beach Affordable Housing Community
8/02/24
Meta Housing Corporation and the Foundation for Affordable Housing have broken ground on the development of 1400 Long Beach, a new affordable housing community minutes from Downtown Long Beach, and directly adjacent to public...
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• Investors Nab SoCal Single-Tenant Retail Properties
8/02/24
Two SoCal single-tenant retail properties traded hands in separate deals. The properties are located in Manhattan Beach and Oxnard, and are leased to El Pollo Loco and McDonald’s, respectively. The transactions closed at cap ...
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• New York Firm Buys 726-Unit Inland Empire Self-Storage Property
8/01/24
Merit Hill Capital purchased Bear Valley RV Park and Self Storage, a 726-unit self-storage facility in the Inland Empire community of Hesperia. Merit Hill is a real estate investment firm based in Brooklyn, NY that is focused...
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• Retail Strip Center in Downtown Riverside Goes for $500/sf
8/01/24
An OC-based private investor paid $3.65 mil for a 100% leased, 7.3k sf ($503/sf) retail strip center located at 3948-3964 University Avenue in Downtown Riverside.
The strip center was recently remodeled and is home to six di...
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• Santa Monica Retail Building Sells for Over $500/sf
7/31/24
A 7.3k sf retail building in Santa Monica was purchased for $3.9 mil ($534/sf) in an off-market transaction. The multi-tenant retail structure, built in 1962, sits on a 13k sf lot at 1302-1308 Pico Blvd, at the corner with Eu...
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• Nadia Geller Designs Wraps Up Interior/Exterior Design Installation at 123-Unit Res Development in L.A.
7/31/24
The interior and exterior design installation at The Parker, a seven-story multifamily development by Cityview in L.A.’s Pico-Robertson neighborhood, has been completed. The work was done by Nadia Geller Designs (NGD).
Loc...
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• Bolour Associates Acquires Retail Site on Fairfax Ave in L.A.’s Mid-Wilshire Area
7/30/24
Bolour Associates Inc has acquired a site with three retail buildings totaling 11.5k sf of space in L.A.’s Mid-city submarket for $6.04 mil. Bolour plans to repurpose the buildings for commercial uses, while long-term, BOLOUR...
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• Trammell Crow Company and Clarion Partners Finish Work on 1.7 msf The Center at Needham Ranch
7/30/24
Trammell Crow Company (TCC) and Clarion Partners have wrapped up construction on The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park in Santa Clarita. The 11-building industrial park, which the JV be...
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• Vernon Industrial Facility Trades for $298/sf
7/30/24
First Industrial Realty Trust Inc. picked up a 52.9k sf, highly functional industrial building in the city of Vernon for $15.75 mil ($298/sf). The current tenant will continue to leaseback the space and use it as a storage an...
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• Innovative Housing Opportunities and C&C Development Wrap Up Work on Carlsbad Affordable Housing Community
7/29/24
SoCal-based affordable housing developers Innovative Housing Opportunities (IHO) and C&C Development (C&C) have completed Pacific Wind, a new 89-unit affordable housing community that replaced 22 1950s era duplexes in the cit...
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• $270 Mil SoCal Hotel Project Tops Out
7/29/24
Construction of Jamul Hotel, a $270 mil hospitality project accompanying the Jamul Casino in San Diego County, has just topped out with the final beam placement. The development is being built by C.W. Driver Companies. The de...
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• Western National Property Management Awarded 330-Unit Assignment in Palm Desert
7/26/24
Metonic Real Estate Solutions has awarded Western National Property Management (WNPM) the assignment to manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, CA.
Ideally situated ami...
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• Dedeaux Properties and Basis Investment Group Buy Fee Simple Land Interest Under Rialto Warehouse Project
7/26/24
Dedeaux Properties and joint venture partner Basis Investment Group have acquired the fee-simple interest in the land under Rialto Village, its recently completed 83.3k sf high velocity warehouse building in Rialto, for $12.8...
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• Trio of Pasadena Multifamily Properties Sold for $7 Mil in Two Deals
7/26/24
A family trust real estate entity collected $7 mil from the recent sales of three multifamily properties in Pasadena. The properties total 30 units and were sold in two separate transactions.
The portfolio was marketed as a...
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