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December 3, 2023
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SOUTHERN CALIFORNIA NEWS
Archive
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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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• 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, Lowes-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 citys 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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