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• West Los Angeles Retail Center is Now The Now
8/25/23
Work has been completed on The Now, a 40k sf retail center in west Los Angeles that was redeveloped from a convenience center by developer Jeff Appel. The Now is located at 11819 Wilshire Blvd, west of the 405 Fwy and Barring...
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• CapRock Partners Breaks Ground on 1.27 msf Spec Industrial Building in Visalia
8/25/23
CapRock Partners has broken ground on Building 1 at CapRock Central Point III, a new LEED-certified, 2.7 msf, four-building speculative industrial complex in Visalia. Building 1 will bring 1.27 msf of Class A logistics and di...
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• Denver Pallets Spends $10 Mil on Lynwood Land Parcel
8/25/23
Denver Pallets Inc paid $10.16 mil for a 66.5k sf parcel of land at 2903 Lynwood Rd in Lynwood. Denver Pallets is a local leader in the storage, repair and distribution of wood pallets.
The 1.53-acre site at 2903 Lynwood Rd ...
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• Escondido Retail Center Trades for $28.5 Mil
8/25/23
A 179.5k sf, Lowe’s-anchored shopping center in Escondido sold for $28.5 mil ($159/sf). The sale includes a separately parceled Panda Express with a drive-thru and fee simple ownership of a three-tenant retail building anchor...
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• San Diego Gas & Electric Leases Outdoor Storage Site in Lakeside
8/24/23
San Diego Gas & Electric has signed a lease for a seven-acre industrial outdoor storage site located at 12211-12215 Highway 67 in Lakeside, CA. San Diego Gas & Electric will use the space for the city’s Utility Undergrounding...
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• Trio of Recent Signings Bring San Gabriel Valley Retail Center to 88% Leased
8/24/23
Three new tenants have inked deals for retail space 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 property is owned by The Ratkovich Co...
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• DPI Retail Spends Over $29 Mil on Vacaville Property
8/23/23
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management.
Built in 1993 and 1994, the ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
8/23/23
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley
8/21/23
Rexford Industrial Realty recently closed on the purchase of two fully-leased, single-tenant industrial assets totaling 220.8k sf in the Santa Clarita Valley for $38 mil in an off-market deal.
The properties are situated on...
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• San Diego Association of Governments Signs Lease for 87k sf at New Tower Development in Downtown San Diego
8/21/23
San Diego Association of Governments (SANDAG) has inked a lease for 87k sf of office space at West, a $450 mil, 37-story mixed-use project currently under development in downtown San Diego. The project is a development of Hol...
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• Community Preservation Partners Buys 44-Unit Affordable Housing Project in Palm Springs
8/18/23
CPP (Community Preservation Partners) acquired Sunnyview Villa, a 44-unit affordable housing property in Palm Springs. The community, located at 2950 N. Indian Canyon Rd in North Palm Springs near the historic Racquet Club We...
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• Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC
8/18/23
Cityview has completed work on Jasper, a 296-unit opportunity zone mixed-use project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly amenitized, mixed-us...
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• BDK Logistics Intelligence Leases 114k sf Inland Empire Industrial Facility
8/17/23
BDK Logistics Intelligence Inc has signed a lease for an entire 114.2k sf industrial facility at 1161 Olympic Dr in Corona. Terms of the deal were not disclosed.
1161 Olympic Drive is a freestanding building situated on 4.8 ...
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• Work Started on New Worship Space at Christ Cathedral in Garden Grove
8/17/23
Construction has begun on the St. Callistus Chapel and Crypts, a new worship space underneath Christ Cathedral that will serve generations of parishioners throughout Orange County for years to come. The project, located at 13...
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• MIG Real Estate Closes $61 Mil Res Buy in Orange County
8/17/23
In a notable OC multifamily buy, MIG Real Estate LLC purchased Newport Palms, a 138-unit apartment complex in Costa Mesa, for $61.1 mil ($443k/unit). According to MIG, this is the largest multifamily investment in the city in...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
8/15/23
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• KTI Hydraulics Inc Buys OC Hi-Tech Facility in $26.5 Mil Deal
8/11/23
KTI Hydraulics Inc purchased a 71.6k sf, high-tech manufacturing property in Tustin for $26.5 mil, or $370/sf. The property, located at 1311 Valencia Ave, was sold by Stos Partners.
Stos Partners acquired the asset in Decemb...
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• Retail Building in Banning Sold for $393/sf in Exchange Deal
8/11/23
A 17.3k sf retail building in Banning was acquired by a local private investor completing a 1031 exchange for $6.8 mil ($393/sf). The single-tenant property is occupied by Rite Aid on a double-net lease.
Built in 2009, the ...
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• OC Four-Plex Goes for Nearly $400k/Unit
8/11/23
A four-unit multifamily property in Orange County sold for $1.59 mil ($397.5k/unit), in a deal that came in at 99% of the list price and $462 per square foot. The single-story property is located on a spacious 10.8k sf parcel...
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• Beverly Hills Investor Exchanges into Trio of Temecula Industrial Buildings
8/10/23
A Beverly Hills-based 1031 exchange investor spent $13.55 mil on three buildings totaling 68.1k sf of space in the Highland Business Center in Temecula. The properties were sold by Providence Real Estate Group.
The three bui...
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