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• Phase One Work completed at 688k sf Mixed-User in L.A.’s Koreatown Neighborhood
6/29/23
Phase One work has been completed at The Rise Koreatown, a 688k sf, seven-story mixed-use residential and retail project located at 3525 W 8th St, in the heart of L.A.’s Koreatown neighborhood. Phase one completion concludes ...
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• UFC GYM Leases Former Tower Records Building in Brea
6/28/23
UFC GYM has leased the 30k sf, former Tower Records property in the heart of Brea’s downtown shopping and entertainment district. The new gym is expected to open in the third quarter of 2023. The property is owned by Wood Inv...
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• Prime Residential Lands $947 Mil Refi on L.A.’s Park La Brea Res Complex
6/27/23
Prime Residential has secured a $947 mil refi loan on Los Angeles’ historic Park La Brea, the largest apartment community on the West Coast. The financing, arranged by Newmark, is to retire existing debt. Freddie Mac expects...
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• Two O.C. Multifamily Properties trade Between Private Investors in Deals Worth Over $12 Mil
6/27/23
Two Orange County multifamily apartment communities traded hands between private investors in separate transactions totaling $12.12 mil. The assets, located in Anaheim and Costa Mesa, have a combined 38 units.
In one of the ...
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• Hawthorne Redevelopment Sells for $21 Mil
6/27/23
Intracorp Homes paid $21 mil for a 3.82-acre redevelopment site in Torrance. The company plans on redeveloping the site, located at 22501 Hawthorne Blvd, into a luxury mixed-use project to include 17 affordable residential un...
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• MBK Rental Living Buys Thousand Oaks Site for New Res Development
6/26/23
MBK Rental Living has acquired a 7.1-acre site in Thousand Oaks for the development of a new, 218-unit luxury multifamily community. MBK is partnering on their first apartment joint venture with Prime Life Technologies Corpor...
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• San Diego Apartment Building Sells for $200k/Unit
6/26/23
The Bella Affordable Housing Foundation of Rancho Santa Fe purchased a 13-unit multifamily property in San Diego for $2.6 mil ($200k/unit). The property, located at 4230 44th St, was sold by the Lewis-Stein Trust of La Mesa.
...
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• Anaheim Apartment Property Sells for $421k/Unit
6/22/23
A 14-unit multifamily community in Anaheim was acquired by a private investor for $5.9 mil ($421k/unit), marking one of the highest prices per unit sale in the city of Anaheim.
The property, located at 129 S. Olive St, sit...
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• Logistics Firm Purchases 36k sf Facility in Otay Mesa
6/22/23
ATI, a cross-border logistics company, paid $9.4 mil for a 36.5k sf ($257/sf) industrial property in Otay Mesa. The property is located at 1207 Air Wing Rd, north of Hwy 905 adjacent to the west side of Hwy 125.
The building...
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• Prologis Buys L.A. Area Infill Dev Site
6/22/23
Prologis purchased a 1.43-acre infill industrial site in Lynwood, CA. Located at 11511 Bellinger St, the property includes an unoccupied 34.4k sf industrial facility that was built in 1930. The site supports potential various...
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• Huntington Beach Retail Center Sells for $29 Mil
6/21/23
In a recent OC retail trade, Adams Marketplace, a 65.1k sf, top-performing, grocery-anchored center located within coastal Orange County in Huntington Beach, traded for $29 mil ($445/sf).
Built in 1974 and renovated in 2022...
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• Private Investor Picks Up 30-Unit Res Property in Westminster
6/20/23
A private investor paid $10 mil for a 30-unit ($333k/unit) multifamily community in Westminster. The property, Courtyard Apartments at La Pat Place, is located at 13872 La Pat Place, north of Westminster Blvd on the east side...
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• Res/Retail Building in Rose Park Neighborhood of Long Beach Trades for $225k/Unit
6/16/23
A 10-unit apartment/retail property in the Rose Park Neighborhood of Long Beach traded hands in a recent deal for $2.25 mil. The property is located at 3032 E. 7th St, just west of Redondo Ave.
Built in 1962, the property i...
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• Century City Office Property Reaches 100% Leased
6/16/23
New lease signings with a multinational law firm, CBRE, and Tilt Coffee Bar have brought the iconic 2000 Avenue of the Stars office property in Century City to 100% leased. 2000 Avenue of the Stars is part of the Century Park...
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• Single-Tenant Starbucks Property in Inglewood Sells for $5k/sf
6/15/23
A 1k sf, single-tenant property occupied by Starbucks in Inglewood sold for $5.1 mil. Built in 2021, the property is situated on .4 acres at 801 E. Manchester Blvd, within walking distance to SoFi Stadium, The Forum and the u...
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• Riverside Shopping Center Lands $37 Mil in Financing
6/15/23
Regional Properties has obtained $37 mil in financing for Mission Grove Plaza, a 248.1k sf shopping center in Riverside. The property is located at 121 – 383 East Alessandro Blvd, east of I-215 at Trautwein Rd.
The 16-build...
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• Andy La Dow Named Managing Principal for Cushman & Wakefield’s San Diego Operations
6/15/23
Andy La Dow has been named Managing Principal of operations for Cushman & Wakefield in San Diego. La Dow brings over three decades of brokerage and leadership experience to the role and will oversee the strategic business gro...
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• Blatteis & Schnur Secures $27 Mil to Build Spec Retail Project Along Santa Monica’s Third Street Promenade
6/14/23
Here’s news of a spec retail development along Santa Monica’s iconic Third Street Promenade. The three-story, 25k sf project is being developed by Blatteis & Schnur, who are replacing a 77-year-old mixed-used building that th...
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• 910-Unit Mixed-Use Community at Site of Former Radio Station Towers in L.A. Opens to Public
6/14/23
VOX at Cumulus, a 14-acre mixed-use community in the heart of Los Angeles on the site of the former Cumulus radio station towers, has officially opened to the public. The work-live-play development known as the Cumulus Distri...
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• CapRock Partners Picks Up 22-Acre Site in Moreno Valley for 500k sf Warehouse Development
6/13/23
CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, a new 500k sf, LEED-certified industrial warehouse. CapRock purchased...
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