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• Colliers Awarded Leasing Assignment for 546k sf Symphony Towers in Downtown San Diego
12/16/24
The leasing assignment for Symphony Towers in the historic Financial District of Downtown San Diego has been awarded to Colliers. Chris High, Steve Bruce and Conor Evans with Colliers will lead the marketing efforts for the p...
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• BKM Capital Partners Executes $550 Mil Recapitalization with Kayne Anderson Real Estate for Multi-State Light Industrial Portfolio
12/16/24
BKM Capital Partners completed a $550 mil recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real Estate. This transaction marks the first entry into the light industrial sector for Kayne Ander...
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• Steel Peak Spends $2.6 Mil on San Diego Industrial Outdoor Storage Property
12/13/24
Steel Peak has acquired an industrial outdoor storage (IOS) property in San Diego for $2.62 mil. The property, located at 6975 Camino Maquiladora, consists of a 6.2k sf industrial building and expansive concrete fenced yard o...
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• Creative Office Building in El Segundo Sells for Over $500/sf
12/13/24
A 17k sf creative office building in El Segundo traded hands in a recent $9.2 mil ($541/sf) deal. The property, located at 1600 Franklin Ave, includes 39 parking stalls.
Originally constructed in 1955 and later renovated by ...
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• ORKA Holdings Buys 15-Unit Apartment Property in Oceanside
12/13/24
In a recent multifamily comp from north San Diego County, ORKA Holdings purchased El Jugador, a 15-unit property in Oceanside. Although we don’t have the price, we can tell you that the purchase was financed with a $4 mil acq...
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• Virco Manufacturing Renews Lease for 559k sf Torrance Facility
12/12/24
Virco Manufacturing has inked a 65-month lease renewal for a 559k sf facility in Torrance. The building, situated on over 23.5 acres at 2027 Harpers Way, east of Van Ness Ave and south of Del Amo Blvd, is owned by Prologis. V...
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• BKM Capital Partners Completes $76.9 Mil Recapitalization of Three San Diego Properties
12/12/24
BKM Capital Partners has recapitalized three San Diego business parks from its BKM Industrial Value Fund II, LP with Tokyu Land US Corporation for $76.9 mil. The transaction represents the first joint venture between BKM and ...
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• Repurposed Aliso Viejo Retail Property Completed by ValueRock Realty
12/12/24
The Commons, a newly repurposed 21-acre mixed-use project located in Aliso Viejo, has been completed and is now open to the public. The project, developed by ValueRock Realty, involved transforming a nearly 200k sf vacant Low...
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• Private Investors Trade Burbank MOB in $16 Mil Deal
12/12/24
A private investor paid $16.05 mil for a 47.7k sf ($336/sf), outpatient medical office building in Burbank. Located at 500 East Olive Ave, the eight-story property was 90% occupied at the time of the sale by 33 tenants, each ...
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• County of L.A. Spends $200 Mil on 1.3 msf Gas Company Tower
12/11/24
In a major L.A. office buy, the County of Los Angeles purchased The Gas Company Tower, a 1.3 msf, trophy high-rise in the heart of the city’s CBD, in a deal worth $200 mil, or $154/sf.
The Gas Company Tower is located at 55...
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• Sorrento Mesa Office Property Sells for $180/sf
12/10/24
A 67.1k sf, three-story office building in Sorrento Mesa sold for $12.05 mil ($180/sf). The property is located at 6060 Cornerstone Court W, in the prime life science submarket within Sorrento Mesa.
The buyer, San Diego-base...
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• Captura Corp Leases Pasadena R&D/Flex Facility
12/09/24
Captura Corp recently leased an 8.4k sf R&D/flex building in Pasadena. Located at 60 N. San Gabriel Blvd, the state-of-the-art R&D/Flex facility features multi-million-dollar lab upgrades.
The property offers a full block o...
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• Proficiency Capital Acquires 231k sf Industrial Portfolio in Chino and Pomona
12/09/24
McGee Business Center I & II, a fully leased 231.7k sf industrial portfolio located in Chino and Pomona, was acquired by Proficiency Capital LLC. The deal was financed with an acquisition loan of $32.2 mil.
McGee Business C...
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• Solana Beach Retail Center Fetches $895/sf
12/06/24
212 South Cedros, a premier 16.7k sf, specialty retail center in Solana Beach, sold for $14.95 mil ($895/sf). The two-building property is situated on 0.92 acres at 142-212 South Cedros Ave, within the Cedros Avenue Design Di...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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• Carlsbad Apartment Property Goes for $435k/Unit
12/05/24
Here’s a quick comp on a Carlsbad apartment property that just sold. The 20-unit asset fetched $8.7 mil, or $435k/unit.
Built in 1972, the 16.9k sf property sits on a 26.6k sf lot located at 975 Laguna Dr, just west of I-5....
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• Carlsbad Industrial/Flex Facility Trades in $49.5 Mil Owner/User Buy
12/04/24
In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control p...
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• Oliver McMillan Secures $12.5 Mil on Culver Theater Property in the City’s Downtown
12/03/24
Oliver McMillan LLC recently secured senior financing of $12.5 mil on the Culver Theater, a 41.3k sf movie theater in the heart of downtown Culver City. The five-year, fixed-rate loan was arranged by JLL Capitakl Markets and ...
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• Total Safety U.S. Leases 52k sf Facility in L.A.’s Harbor Gateway Area
12/03/24
Total Safety U.S. Inc signed a seven-year lease worth $5.5 mil for a 52.6k sf industrial facility in the Harbor City area of Los Angeles. The property, located at 1405-1407 240th St, west of the 110 Fwy and north of Sepulveda...
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• Tishman Speyer and Mitsui Fudosan America Start Work on Ground Up Industrial Project in Irvine
12/03/24
Tishman Speyer and Mitsui Fudosan America (MFA) have started construction on the first phase of Bake Freeway Business Park, a 380k sf, ground-up industrial development in Irvine.
The partnership has secured an $84.75 mil con...
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