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• OC Multifamily Sale Works Out to $278k/Unit
8/14/24
An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278.1k/unit. The property features seven one-bedroom units and one two-bedroom unit, all of which were recent...
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• Intracorp Buys Res Development Site in the City of Orange
8/14/24
Intracorp paid $12.25 mil for a 2.7-acre parcel in the City of Orange. The company plans to build 49 two- and three-story single-family small lot homes on the site, located at 901 E Katella Ave.
The site is situated in a pri...
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• Dunbar Real Estate Investment Management Spends $10 Mil on Carson Industrial Asset
8/13/24
In a recent LA-area industrial buy, Dunbar Real Estate Investment Management purchased two concrete tilt-up buildings totaling 41.9k sf on almost two acres of land in Carson for $10.2 mil, or $243/sf. The asset is located at ...
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• Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Mattel, the multinational toy manufacturing and entertainment company based in El Segundo, has purchased Grand + Nash, a newly renovated 167.8k sf creative office campus at 2160 E. Grand Ave, also in El Segundo. The asset, wh...
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• Two San Diego Development-Ready Sites Trades in Deals Totaling $3.3 Mil
8/07/24
We’ve learned of two permit-ready land development sales in San Diego’s Barrio Logan and North Park urban neighborhoods to share with you. In one deal, a 4.9k sf lot at 1950 Kearney Ave in Barrio Logan traded for $1.35 mil. T...
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• San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 mil ($303k/unit) deal. Built in 1978 and on the market for the first time, Pinetree ...
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• Cityview and Wafra Buy New Res Community in L.A.’s Silver Lake Neighborhood
8/06/24
Cityview and Wafra have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles. Situated on a hilltop that provides 360-degree views of the city, S...
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• Simpler Space Leases Full Floor at Chino Office Building
8/05/24
SimplerSpace has opened a coworking location in the Inland Empire city of Chino. The new space occupies the entire 13.5k sf fourth floor at 14726 Ramona Ave. It has more than 50 offices/suites.
This newest location adds anot...
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• Multifamily Property in L.A.’s Koreatown Sells for $223k/Unit
8/05/24
A 19-unit multifamily property in Los Angeles’ Koreatown neighborhood traded for $4.24 mil, or $223k/unit. We’re told that the sale marks the highest price per unit in 2024 for properties of similar size and vintage in the ar...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• Torrance Office/Retail Building Sells for $565/sf
8/02/24
A fully leased, triple-net 12.4k sf office/retail building in Torrance traded hands for $7 mil ($565/sf). The freestanding building sits on a 48.2k sf lot at 23805 Hawthorne Blvd, in the highly sought-after South Torrance are...
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• Meta Housing Corporation and the Foundation for Affordable Housing Start Work on Long Beach Affordable Housing Community
8/02/24
Meta Housing Corporation and the Foundation for Affordable Housing have broken ground on the development of 1400 Long Beach, a new affordable housing community minutes from Downtown Long Beach, and directly adjacent to public...
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• Investors Nab SoCal Single-Tenant Retail Properties
8/02/24
Two SoCal single-tenant retail properties traded hands in separate deals. The properties are located in Manhattan Beach and Oxnard, and are leased to El Pollo Loco and McDonald’s, respectively. The transactions closed at cap ...
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• New York Firm Buys 726-Unit Inland Empire Self-Storage Property
8/01/24
Merit Hill Capital purchased Bear Valley RV Park and Self Storage, a 726-unit self-storage facility in the Inland Empire community of Hesperia. Merit Hill is a real estate investment firm based in Brooklyn, NY that is focused...
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• Retail Strip Center in Downtown Riverside Goes for $500/sf
8/01/24
An OC-based private investor paid $3.65 mil for a 100% leased, 7.3k sf ($503/sf) retail strip center located at 3948-3964 University Avenue in Downtown Riverside.
The strip center was recently remodeled and is home to six di...
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• Santa Monica Retail Building Sells for Over $500/sf
7/31/24
A 7.3k sf retail building in Santa Monica was purchased for $3.9 mil ($534/sf) in an off-market transaction. The multi-tenant retail structure, built in 1962, sits on a 13k sf lot at 1302-1308 Pico Blvd, at the corner with Eu...
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• Nadia Geller Designs Wraps Up Interior/Exterior Design Installation at 123-Unit Res Development in L.A.
7/31/24
The interior and exterior design installation at The Parker, a seven-story multifamily development by Cityview in L.A.’s Pico-Robertson neighborhood, has been completed. The work was done by Nadia Geller Designs (NGD).
Loc...
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• Bolour Associates Acquires Retail Site on Fairfax Ave in L.A.’s Mid-Wilshire Area
7/30/24
Bolour Associates Inc has acquired a site with three retail buildings totaling 11.5k sf of space in L.A.’s Mid-city submarket for $6.04 mil. Bolour plans to repurpose the buildings for commercial uses, while long-term, BOLOUR...
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• Trammell Crow Company and Clarion Partners Finish Work on 1.7 msf The Center at Needham Ranch
7/30/24
Trammell Crow Company (TCC) and Clarion Partners have wrapped up construction on The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park in Santa Clarita. The 11-building industrial park, which the JV be...
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• Vernon Industrial Facility Trades for $298/sf
7/30/24
First Industrial Realty Trust Inc. picked up a 52.9k sf, highly functional industrial building in the city of Vernon for $15.75 mil ($298/sf). The current tenant will continue to leaseback the space and use it as a storage an...
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