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• Aseem Tandon, Kamlesh Patel and Johnny Quan Join Cushman & Wakefield in Orange County
9/14/23
A SoCal hospitality brokerage team consisting of Aseem Tandon, Kamlesh Patel and Johnny Quan has joined Cushman & Wakefield in Orange County. Tandon joins as Executive Director, with Patel as Senior Associate and Quan as Asso...
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• CapRock Partners Completes 165k sf Industrial Buy in the San Gabriel Valley
9/13/23
CapRock Partners purchased a 165k sf, single-tenant industrial building in San Dimas. The facility sits on 8.3 acres at 300 E. Arrow Highway, east of the 57 Fwy and south of the 210 Fwy.
300 E. Arrow Highway is fully leased ...
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• Single-Tenant Bank of America Property in the Inland Empire Goes for Over $800/sf
9/12/23
A Riverside-based private investor paid $2.875 mil for a 2015-new construction, 3.5k sf ($821/sf) single-tenant property occupied by Bank of America in Palm Desert. The property was sold by an L.A.-based investor.
The freest...
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• Gelt Venture Partners Buys 125-Unit OC Res Community for $63 Mil
9/12/23
Gelt Venture Partners LLC (GVP) has acquired Union Place, a 125-unit multifamily community in the Orange County city of Placentia, for $63.15 mil ($505.2k/unit). The property is situated on just over five acres at 1500 Cherry...
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• Advanced Real Estate Spends $96 Mil on Huntington Beach Res Community
9/11/23
Advanced Real Estate closed on a $96 mil res buy in Huntington Beach. The company bought a 264-unit ($363.6k/unit) property formerly known as Citron House, located at 7701 Warner Ave, just west of Beach Blvd.
The property,...
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• Pacific Industrial Acquires 10 Acres in the City of Industry
9/11/23
Pacific Industrial recently purchased 10 acres in the City of Industry with plans to build a 215k sf, state-of-the-art spec industrial facility to be called the Pacific Railroad Center. The site is located at 17969 Railroad S...
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• Phase 1 of Riverwalk San Diego Awarded $41 Mil Grant from Affordable Housing and Sustainable Communities
9/08/23
A transformative development that will create energy-efficient affordable housing alongside a new Trolley station in Mission Valley is the only San Diego County project awarded funding this year from a leading-edge State of C...
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• CapRock Obtains $17.5 Mil in Financing for 22-Acre Dev Parcel in Moreno Valley
9/08/23
CapRock has secured $17.5 mil in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley. Upon entitlement, CapRock will have the optionality to either commence developmen...
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• New Res Tower in L.A.’s Koreatown Opens to the Public
9/07/23
Hallasan, a new high-rise apartment tower in the heart of Koreatown, has opened to the public. The project, located at 696 S. New Hampshire Ave, was developed by Holland Partner Group.
MVE + Partners, renowned for their inno...
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• OC Office Campus Trades in $76 Mil Deal
9/07/23
A 405.1k sf, office campus in Fullerton was acquired by a local family investment entity for $76.5 mil, or $188/sf. The property, situated on 33.76 acres at 1801 Hughes Dr, is fully leased to Raytheon, an investment grade cre...
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• Artisan Ventures and an affiliate of Walton Street Capital Pick Up 160k sf SoCal Portfolio
9/06/23
Artisan Ventures and an affiliate of Walton Street Capital L.L.C. have acquired a portfolio known as the “SoCal 2-Pack,” consisting of two light industrial assets located in Santa Fe Springs and Brea totaling 159.5k sf of spa...
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• Whittier Apartment Community Sells for Over $30 Mil
9/06/23
Citrus Court, a 138-unit apartment community in Whittier, sold for $31.25 mil, or $226k/unit. The garden-style community, located at 8121 Broadway Ave, is encumbered by a 99-year ground lease with 41-years remaining.
Built i...
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• Alloy Properties Completes Life Science Conversion of San Diego Area Office Campus
9/06/23
Alloy Properties has completed the office-to-life science conversion of Elements, a three-building, 290k sf life science campus in San Diego’s Sorrento Mesa area. The property sits on 7.9 acres at 10201-10241 Wateridge Circle...
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• Two-Tenant Retail Building in Lancaster Sells for $379/sf
9/06/23
A two-tenant, 7k sf retail pad building occupied by AutoZone and Precision Eyebrow Threading salon in northern Los Angeles County traded for $2.65 mil ($379/sf). The net-leased investment is part of a Target-anchored shopping...
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• The Shops at Alhambra Signs Three New Tenants
9/05/23
There have been three new leases at The Shops at The Alhambra, a 17.8k sf retail center adjoining The Alhambra Office Campus on Fremont Ave in the city of Alhambra. The new agreements with Labcorp, Johnny Rockets, and Burnt B...
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• Culver City Mixed-Use Project Sells for Over $29 Mil
9/01/23
The Oliver, a mixed-use property with 30 multifamily units and 8.7k sf of ground-floor retail space in Culver City, recently traded hands for $29.25 mil, or $780k per unit. Built in 2016, the property is located at 11955 W. W...
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• Transwestern Development Company Breaks Ground on 99k sf Industrial Facility in North L.A. County
8/30/23
Transwestern Development Company (TDC®) has broken ground on a new 98.9k sf industrial facility, Legacy at Palmdale, located in the Fairway Business Park on Legacy Lane in the northern L.A. County city of Palmdale.
Legacy a...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• Electric Vehicle Firm Leases 165k sf Garden Grove Facility
8/29/23
Harbinger Motors Inc leased a 165.2k sf, state-of-the-art manufacturing and distribution facility in Garden Grove. The company will use the building, located at 12821 Knott St, to manufacture state-of-the-art electric light a...
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• Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil
8/29/23
A 148-room Wingate by Wyndham Hotel in Inglewood traded hands in a $23.67 mil transaction. The property, located at 10300 La Cienega Blvd, near Los Angeles International Airport (LAX), fetched $159.9k per key. The buyer was I...
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