|
• City of Encinitas Acquires Two Acres of Coastal Land
10/04/23
The City of Encinitas acquired nearly two acres of land located at the northeast corner of Hwy 101 and La Costa Ave in the Encinitas community of Leucadia. The two-parcel property was purchased for $6 mil from Surfer’s Point...
|
• OC Multifamily Comp Works Out to $262k/Unit
10/04/23
A 16-unit multifamily asset in Anaheim sold for $4.2 mil to Emile’s Mart Car Wash LLC. The purchase price equated to a price of $262.5k per unit with a cap rate of 5.6%. The two-building, two-story complex was 100% leased at ...
|
• Mexican Restaurant Leases 3.3k sf Space in Santa Ana
10/03/23
Miguel's Jr inked a 15-year, $2.5 mil lease for 3.3k sf ($4.20/sf/mo) of restaurant space in Santa Ana. Miguel's Jr has taken occupancy of a former Burger King drive thru location situated at 1766 E McFadden Ave. The property...
|
• PGM Investments LLC Buys San Diego Industrial Property for $4 Mil
10/02/23
PGM Investments LLC purchased a 93.2k sf industrial property in San Diego for $4 mil, or about $43/sf. The property is located at 9940 Marconi Dr, just north of the U.S./Mexico border.
The 2.14-acre lot can be subdivided int...
|
• Desirable Retail Storefront Property in L.A. Goes for $849/sf
9/29/23
A 3.2k sf retail storefront in Los Angeles traded for $2.7 mil, or $849/sf. Located at 5818 W 3rd St, just west of La Brea Ave, on trendy 3rd Street, the property enjoys a thriving location with a high traffic count of 34.4k,...
|
• Wayne Ratkovich, Renowned Los Angeles Urban Developer, Passes Away at 82 Years Old
9/27/23
Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his beloved Los Angeles, died on Sunday, September 24, 2023, at Cedars-Sinai Medical Center in Los ...
|
• Peri & Sons Farms Spends $27.5 Mil on 2,400-Acre Farmland Portfolio in CA’s Imperial County
9/27/23
Peri & Sons Farms, a family farming operation based in Nevada, has acquired a 2,411-acre portfolio of agricultural farmland located in the sought after Holtville submarket of Imperial County, CA, in a $27.5 mil transaction. K...
|
• Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District
9/27/23
Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
|
• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
9/26/23
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes.
Tricon Wildomar is the sec...
|
• A.M. Castle & Co Inks $46 Mil Lease for 282k sf Facility in Paramount
9/22/23
A.M. Castle & Co agreed to an 84-month renewal/expansion lease for a 282k sf facility in the city of Paramount, in a transaction worth $46 mil. The company, a provider of metals, services and supply chain solutions, will expa...
|
• Louay Alsadek and Maddie Mawby Join Cushman & Wakefield in San Diego
9/21/23
The veteran San Diego investment sales team of Louay Alsadek and Maddie Mawby have joined Cushman & Wakefield as Vice Chair and Senior Director, respectively. They will focus primarily on life sciences and office property sal...
|
• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
|
• Terreno Realty Corporation Picks Up Santa Ana Site for Redevelopment
9/19/23
Terreno Realty Corporation spent $14.8 mil for a 4.9-acre site containing three multi-tenant office buildings at 1720 E Garry Ave in Santa Ana leased on a short-term basis. The property is located immediately adjacent to the ...
|
• SimplerSpace Launches First Coworking Space in Placentia to Meet Demand for Low-Cost, No-Frills Office Space
9/19/23
SimplerSpace, a new coworking option intended to provide affordable and efficient workspaces in office buildings, has just been launched by company founders Drew Sanden and Scott Maples. The company opened its first 8k sf cow...
|
• San Marcos Industrial Property Trades in $12.5 Mil Deal
9/18/23
A 61.1k sf industrial complex in San Marcos was purchased by a private investor in a $12.5 mil ($205/sf) transaction. The asset sits on 3.29 acres at 1545-1565 La Mirada Drive in San Diego’s North County.
The property was so...
|
• Historic I. Magnin & Company Department Store in Pasadena Transformed into a New Mixed-use Destination
9/15/23
The historic, 45k sf I. Magnin & Company building in Pasadena has been transformed into a highly anticipated mixed-use destination. After a decade of vacancy, the iconic 45k sf, multi-level former department store is now prep...
|
• Apartment Property in East Los Angeles Sells for $140k/Unit
9/15/23
An eight-unit apartment property located in East Los Angeles traded for $1.12 mil, or $140k per unit. The deal closed at $229.89/sf with a cap rate of 4.24% and a gross rent multiplier of 13.62.
Built in 1929, the value-add ...
|
• Pacific Clinics Leases 18k sf of Office Space in South Pasadena
9/14/23
Pacific Clinics inked a lease for 18.4k sf of space at 625 Fair Oaks in South Pasadena, bringing the 92k sf, Class A office building to 100% occupancy. The structure is owned by Greenbridge.
625 Fair Oaks is situated within ...
|
• Work Finished on Interactive Learning Pavilion at UC Santa Barbara
9/14/23
Construction has wrapped up on a new Interactive Learning Pavilion on the campus at UC Santa Barbara. The four-story, 95k sf structure was built by C.W. Driver Companies. LMN Architects designed the project.
The new facility...
|
• Cityview and Stockbridge Start Work on 265-Unit Res Project in L.A.’s South Bay
9/14/23
Construction is underway on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated to complete in 2025, the LEED Silver, transit-oriented development is located in a high-growth area of the South Bay nea...
|
Return to the Southern California area
