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• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
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• Renovated Industrial Building in the City of Industry Trades for $374/sf
7/17/24
An 18.7k sf industrial building in the City of Industry traded in a recent $7 mil ($374/sf) transaction. It was acquired by a private investor in a deal with a closing cap rate of 5.20%.
The three-unit, NNN-leased structure ...
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• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
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• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
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• Medical Outpatient Building in Chula Vista Gets a New Owner
7/11/24
Cypress West Partners in a joint venture with TPG Angelo Gordon, bought 450 4th Ave, a 37k sf medical outpatient building in Chula Vista. The price was not disclosed.
450 4th Ave is located on the campus of the 173-bed Scrip...
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• Five-Unit Huntington Beach Multifamily Property Trades for Over $2 Mil
7/11/24
Tec Center Equities LLC paid $2.15 mil for a five-unit multifamily property in Huntington Beach. The Delaware Street property sits on a 16.7k sf street-to-street lot zoned RM (Residential Medium Density) and consists of two d...
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• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
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• Costa Mesa Commercial Building Goes for Over $1,000/sf
7/11/24
A 3k sf industrial building located at 123 Monte Vista Ave in Costa Mesa sold for $3.2 mil, or $1,054/sf. The unnamed buyer plans to utilize the property for personal purposes.
Stefan Rogers with Voit Real Estate Services re...
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• La Mirada Industrial Building Fetches $420/sf
7/10/24
A 22k sf industrial building in La Mirada recently traded in a $9.25 mil ($420/sf) transaction. It was acquired by an owner/user. Built in 1964, the building offers I-5 Fwy frontage with 24-foot clear height.
The warehouse p...
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• OC Industrial Asset Goes for $248/sf
7/10/24
A 20.2k sf, multi-tenant manufacturing building in Placentia traded for $5 mil, or about $248/sf. The property is located at 1049 S Melrose St, within a 4.13-acre master-planned industrial park comprising 11 buildings and tot...
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• Dunleer Spends Over $9 Mil for Two SoCal Industrial Assets
7/09/24
L.A.-based Dunleer acquired two fully occupied, SoCal multi-tenant business parks in deals totaling $9.39 mil. The properties are located in Huntington Beach and Baldwin Park and total 40k sf of space.
In one of the deals, t...
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• Three OC Multifamily Triplexes Sell in Deals Worth a Combined $7 Mil
7/03/24
Three multifamily triplex properties in Orange County traded hands in recent deals to separate buyers totaling $7.05 mil.
In one of the transactions, a three-unit multifamily property, which included a non-conforming unit, a...
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• Mixed-User in Del Mar Goes for $283/sf
7/03/24
Polo Plaza, a 63.6k sf mixed-use property located in Del Mar, sold for $18 mil, or $283/sf. The buyer was Brixton Capital.
The property is located at 3702 and 3790 Via De La Valle, nestled between the entrance to idyllic R...
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• Absolute Ground Lease for a Single-Tenant McDonald’s in Fountain Valley Sold for $3.85 Mil
7/02/24
A single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley sold for $3.85 mil for the absolute triple-net ground lease, representing a 3.55% cap rate. Built in 2011 on 1.04 acres, the 3.5k sf McDonald’s i...
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• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
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• North Hollywood Industrial Facility Fetches $484/sf in Competitive Market
7/01/24
A 5k sf, freestanding industrial building in North Hollywood sold for $2.4 mil ($484/sf). The building, located at 5358 Cartwright Ave, is situated in the vibrant North Hollywood Arts District.
The property sits on an 11.9k...
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• Office Property Sells for $18 Mil in Owner-User Deal
7/01/24
Hampton Tedder Electric purchased a 98.9k sf, Class A office building in the city of Orange for $17.9 mil ($181/sf). The buyer plans to occupy the 15.7k sf top floor at the building, located at 999 Town & Country.
The four-s...
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• Premier Workspaces Opens Fourth Location in Beverly Hills
6/27/24
Leading flexible workspace provider Premier Workspaces has just opened a new location in Beverly Hills, the firm’s fourth center in the city. Located at 9465 Wilshire Blvd, this latest center is within the city’s Golden Trian...
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• Historical Property in Santa Monica Trades for $1,660/sf
6/27/24
A 1.5k sf retail property in Santa Monica traded hands for $1,660 per square foot in a recent $2.49 mil sale. Located at 3116 2nd St, the building formerly housed The Powerhouse theater.
The property is on the list of Califo...
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• SoCal Coastal Retail Pad Building Sells for Over $2,200/sf
6/26/24
A 1.4k sf pad retail building on a 16.7k sf lot sold for $3.1 mil, or $2,214/sf. The property is in a coastal location at 1967 San Eijo Ave, adjacent to the Cardiff Seaside Market Center and directly across from San Elijo Sta...
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