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• Santa Monica Medical Office Building Sells for $1,667/sf
5/12/23
In Santa Monica, a 3k sf medical office building traded in a $5 mil ($1,667/sf) transaction. The property is located at 520 Arizona Ave, in the city’s downtown area.
Mitch Stokes with Avison Young (formerly of Madison Partne...
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• Inland Empire Strip Center Goes for $348/sf
5/12/23
An L.A.-based private investor paid $6 mil for South Sierra Plaza, a 17.3k sf ($348/sf), unanchored strip center in Fontana. The property, located at 10660 South Sierra Ave, was sold by the center’s original developer. The 12...
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• Ontario Multifamily Asset Trades for $50 Mil
5/12/23
The Landing Apartments, a 156-unit multifamily community in Ontario, was sold in a recent $50.5 mil ($323.7k/unit) transaction. The property is located at 3364 Honeybrook Way, west of I-15 and just south of Hwy 60.
The Landi...
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• Pomona Industrial Property Trades for $2.8 Mil
5/11/23
A 35k sf industrial land parcel in Pomona sold for $2.8 mil, or $80/sf. The property is located at 1143 W 2nd St in an industrial pocket of the East San Gabriel Valley industrial submarket.
The land is zoned M1 - Light Indu...
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• Coronado Plaza Sells for $955/sf
5/11/23
Coronado Plaza, a 41.9k sf mixed-use property in Coronado, sold for $40 mil ($955/sf). The property is located at 1300 – 1330 Orange Ave, steps from the water.
The property is directly across R.H. Dana Place from the Hotel D...
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• BKM Capital Partners Closes $25 Mil Purchase of San Fernando Valley Industrial Campus
5/10/23
BKM Capital Partners has purchased Valley East Industrial Park, and 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the property will be renamed Bac...
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• La Habra Strip Center Gets New Owner
5/09/23
The Row on Harbor, a 23.3k sf, newly renovated retail strip center in La Habra, was acquired by a 1031, all-cash buyer. The property was sold by DMI Real Estate Group.
Located at 1450-1478 S. Harbor Blvd, The Row on Harbor c...
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• Imperial Valley 7-Eleven Ground Lease Fetches $2.4 Mil
5/09/23
An OC-based private investor paid $2.4 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store and gas station in Imperial Valley. The new 15-year absolute triple-net ground lease sale work...
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• Birtcher Development Breaks Ground on 330k sf Distribution Center in Fontana
5/08/23
Birtcher Development has broken ground on Birtcher Logistics Center Fontana, a 330k sf, state-of-the-art distribution facility in Fontana. The project is being built in partnership with Oltmans Construction and Tomorrow’s Tal...
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• Long Beach Apartment Property Gets New Owner in $5 Mil Deal
5/07/23
A two-building, 16-unit apartment property in Long Beach sold for $5 mil, or $312.5k/unit. The property is located at 916 to 924 St. Louis Ave.
Built in 1963 and 1972, the property includes a unit mix ranging from one-bedroo...
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• CRE Industry Icon John C. Cushman III Passes Away
5/05/23
John C. Cushman, III, an iconic name in the commercial real estate industry and a member of Cushman & Wakefield’s founding family, passed away on May 4, 2023 at the age of 82.
Cushman’s career spanned 60 years. At the time o...
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• Irvine Res Property Lands $31.6 Mil Refi
5/05/23
Advanced Real Estate completed a $31.6 mil internal refinance of the Axis 2300 Apartments in Irvine. The 115-unit multifamily property is located at 2300 Dupont Dr, southwest of the 405 Fwy off Von Karman Ave.
Alex Kane, Joe...
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• Multifamily Building in L.A.’s Koreatown Sells for Over $200k/Unit
5/05/23
The Avalon Apartments, a 47-unit multifamily property located in the Koreatown neighborhood of Los Angeles, traded in a $9.75 mil ($207.4k/unit) transaction. With the onset of Measure ULA looming, escrow opened and closed the...
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• La Habra Strip Center Purchased by All-Cash Exchange Investor
5/04/23
The Row on Harbor, a 23.3k sf, newly renovated retail strip center located within Orange County in La Habra, was acquired by a 1031, all-cash buyer. The price was not disclosed.
Renovated in 2020, The Row on Harbor is 100%-l...
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• Partners Capital Buys South Bay Biz Campus
5/04/23
Partners Capital, based in Los Angeles, acquired Carson Business Park, a 38.2k sf five-building industrial park situated on 1.9 acres in the city of Carson. Located at 401 – 409 Gardena Blvd, the property was 100% leased at ...
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• Naked Wardrobe to Dress Up Calabasas Facility after HQ Purchase
5/03/23
Naked Wardrobe acquired a 90.4k sf, Class A commercial property in Calabasas it will utilize as its new headquarters location, which is an expansion from their previous Northridge location. Naked Wardrobe is an affordable lux...
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• Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil
5/03/23
A six-property, L.A. County multi-housing portfolio sold for a total price of $53.55 mil in three separate transactions to different buyers. The assets were sold by a corporate fiduciary acting on behalf of an LLC.
The apart...
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• Chapman University Team Wins NAIOP SoCal Orange County Real Estate Challenge
5/02/23
NAIOP SoCal Orange County just held its second annual Real Estate Challenge featuring graduate student teams from the Chapman University Argyros School of Business & Economics and the University of California, Irvine Paul Mer...
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• Inland Empire Logistics Campus Trades in $325 Mil Transaction
5/02/23
Corona Lakeside Logistics Center, a 727.7k sf industrial asset in the Inland Empire city of Corona, has traded hands in a transaction valued at $325 mil ($447/sf). The recently completed, five-building industrial complex, loc...
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• Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased
5/02/23
The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park developed by a joint venture between Trammell Crow Company and Clarion Partners in Santa Clarita, is fully leased ahead of delivery. DrinkPAK, a be...
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