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• Palm Desert Retail Pad Property Sells for $454/sf
12/12/23
A fully occupied, 8.5k sf multi-tenant retail pad property in Palm Desert traded hands in a $3.86 mil ($454/sf) transaction. The property, situated near the I-10 Fwy Washington St on/off ramp is anchored by a new Chipotle Mex...
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• Santa Maria Luxury Res Community Trades
12/11/23
Azure, a 318-unit, luxury garden-style apartment community in the SoCal city of Santa Maria, has traded hands. While we’ve not been able to confirm the buyer or the price, we’ve heard that the buyer was Afton Properties, whic...
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• RectorSeal Leases 240k sf at Tejon Ranch
12/11/23
RectorSeal LLC has agreed to a lease for 240k sf of space within a 480k sf industrial facility at Tejon Ranch Commerce Center (TRCC). RectorSeal, a manufacturer of quality HVAC/R and plumbing products distributed globally, be...
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• Vista Office Complex Fetches $29 Mil
12/08/23
A two-building, 102.2k sf office property in Vista was purchased by an out-of-town 1031 exchange investor in a $29.4 mil ($287/sf) transaction. The property is located at 3215 and 3225 Executive Ridge, north of San Marcos Blv...
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• San Diego Gas & Electric Company Leases 3.9-Acre Site in Miramar
12/06/23
San Diego Gas & Electric Company leased a 3.9-acre storage yard in the central San Diego submarket of Miramar. Located at 9225-9285 Dowdy Dr, the property comprises 169.9k sf with a 6.3k sf structure on site.
The site featur...
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• PACE Facility in Long Beach Trades Hands
12/06/23
WelbeHealth Long Beach Center, a newly renovated, 15.9k sf PACE (Program of All-Inclusive Care for the Elderly) facility in Long Beach, has traded hands. Located at 1220 E 4th St., the WelbeHealth Long Beach Center is a PACE ...
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• Huntington Beach Multifamily Property Sells for Just Over $7 Mil
12/05/23
Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, was purchased by a private, all-cash buyer in a $7.05 mil ($337.7k/unit) transaction. We’re told this was the largest apartment transaction in downtow...
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• Home Goods Firm Leases 142k sf Facility in Ontario
12/04/23
H Global Commerce signed a six-year lease for a 142.6k sf industrial building in Ontario. The commercial glass products and home goods firm will begin to occupy the space, located at 5401 Jurupa St, in March 2024. The propert...
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• Santa Ana Office Tower Trades
12/04/23
3 Hutton Centre Drive, a 10-story, 200.4k sf office building in Santa Ana, was acquired by an all-cash, high-net-worth investor. The price was not immediately given out.
Situated on 2.47 acres within a greater 46-acre master...
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• NewMark Merrill Companies Buys 172k sf Retail Center in Thousand Oaks
12/04/23
NewMark Merrill Companies has acquired a 172k sf retail center located at 145 W. Hillcrest Drive in Thousand Oaks. The asset, renamed the Collection at Janss Marketplace, was sold by Seritage Retail Group.
The center is adj...
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• Rancho Cucamonga Dollar Tree Sells for $4.88 Mil
12/01/23
A 16.6k sf single-tenant, net-leased Dollar Tree in Rancho Cucamonga was purchased for $4.88 mil by Celery Realty Investments LLC. The property was sold by Red Mountain Group, who acquired it earlier this year as part of a la...
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• Clarion Partners LLC and Baranof Holdings Buy 677-Unit L.A. Area Self-Storage Asset
12/01/23
South Pasadena Storage, a 677-unit self-storage facility located in South Pasadena, was acquired by a joint venture between Clarion Partners LLC and Baranof Holdings out of Dallas, TX. It was sold by Gelt Ventures. The price ...
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• ESET and Northwestern Mutual Take Full floors at Downtown San Diego Office Building
11/30/23
ESET and Northwestern Mutual both committed to 10-year leases totaling 45k sf at 655 West Broadway, a 23-story, Class A office high-rise in downtown San Diego.
Built in 2005, 655 West Broadway is currently at 92.1% occupanc...
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• Newmark Awarded Leasing Assignment for Oxnard Industrial Development
11/29/23
Stream Realty Partners has awarded Newmark the leasing assignment for 101 Logistics Center, a fully entitled, 750k sf, four-building, Class A state-of-the-art industrial project located on Sakioka Dr in Oxnard. Stream purchas...
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• Mixed-Use Property in Palm Springs Goes for $349/sf
11/28/23
New Dawn Enterprises LLC paid $7.3 mil for a 20.9k sf ($349/sf) mixed-use property in Palm Springs. The seller was 803 N Palm Canyon Holdings.
The mixed-use property is located at 803 North Palm Canyon Dr, at the intersecti...
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• Harbor Associates LLC and Evergen Equity Spend $55 Mil on L.A. Area Industrial Portfolio
11/28/23
Harbor Associates LLC, in a joint venture with Evergen Equity, has acquired a 126k sf industrial real estate portfolio in Gardena from a local investor in an off-market transaction valued at $55 mil ($436/sf).
The portfolio...
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• Mason Waite Named Managing Director of Asset Management at BKM Capital Partners
11/27/23
Mason Waite has been named Managing Director of Asset Management at BKM Capital Partners. He will also serve on the Investment Committee for the company, which specializes in the acquisition and improvement of value-add multi...
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• Los Angeles Apartment Property Sells for $647k/Unit
11/27/23
A new construction, four-unit multifamily property in the Pico Union submarket of Los Angeles sold for $2.59 mil, or $647.5k/unit.
Built in 2021, the turn-key property is located at 1807 S. New Hampshire Ave and is not subje...
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• SoCal Dutch Bros Building Sells for $2,737/sf
11/27/23
A newly constructed, 950 sf Dutch Bros Coffee retail property in Escondido was acquired by a private investor for $2.6 mil, or $2,737/sf. The structure sits on a 0.63-acre lot at 2365 E Valley Pkwy, east of I-15.
Noteworthy ...
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• UCLA Team Wins NAIOP SoCal’s Annual Silver Shovel
11/22/23
Due to its winning presentation “Legacy Ranch,” the five member graduate student team from UCLA took home the silver shovel as the winner of the NAIOP SoCal USC vs. UCLA Real Estate Challenge.
This year’s event, held Novemb...
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