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January 23, 2025
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SOUTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
The Toy Association Inks Lease for 95k sf in El Segundo
1/22/25
Firm takes four floors at 340k sf tower at 101 Continental Blvd

Irvine Office Building Trades in $37 Mil Deal
1/22/25
234k sf property was sold by New York Life Real Estate Investors



Two Industrial Sales in Poway Total $7.4 Mil
1/21/25
Sales made up a 1031 exchange by Coastal Holdings Group

New Luxury Res Development in the San Gabriel Valley Has Begun Leasing
1/20/25
292-unit Solana at Duarte Station is a development of MBK Rental Living



Expansion Lease by Foxx Development Brings Otay Mesa Industrial Development to 100% Leased
1/17/25
Firm has taken the entire two-building, 203k sf Britannia Tech Park

Industrial Facility in Lake Forest Fetches Nearly $400/sf
1/17/25
23k sf building goes for $9 mil

QTM Corp Agrees to $5.6 Mil OC Industrial Lease
1/16/25
Deal for Placentia facility works out to around $1.40/sf/mo

Irvine Industrial Building Goes for Over $500/sf
1/16/25
Apnea Sciences picks up well located 5k sf property

Irvine Office Building Sells for $42 Mil
1/15/25
SoCal investor pays $135/sf for 311k sf asset at 2600 Michelson

San Marcos Industrial Building Sells for $373/sf
1/14/25
5.5k sf structure purchased by owner/user

55k sf Encino Office Building Gets New Owner
1/14/25
Structure was built in 1974 but recently underwent significant improvements

Sunroad Secures New $188 Mil Loan on San Diego Res Community
1/14/25
Financing for 442-unit Vive Luxe was arranged by JLL

Miramar Capital Buys 333k sf Inland Empire Industrial Asset
1/14/25
Three-building Serrano Industrial Park in Jurupa Valley goes for $86 mil

Carlsbad Industrial Building Sells for $395/sf
1/13/25
Buyer to use facility for business expansion

Irvine Office Building Goes for Over $500/sf
1/10/25
Navigators Advisory Group buys 5k sf property

City of Los Angeles Buys Five Acres of Land in Harbor City
1/09/25
Undeveloped site will be used for a clean energy electric bus charging faciity

Access Services Spends $35 Mil on Compton Industrial Site
1/08/25
Deal is for just over six acres

Legacy Partners and DWS Start Work on Ontario Res Community
1/07/25
New development will contain 346 units in eight buildings

West Harbor Capital Buys 34k sf Industrial Facility in Redondo Beach
1/06/25
Buyer to implement repositioning plan for the asset

Carlsbad Industrial Property Acquired by Owner/User in $6.26 Mil Deal
1/06/25
Buyer to occupy 12k sf in the 21k sf structure

Trojan Storage Secures $70 Mil in Financing on Four California Self-Storage Assets
1/03/25
Gantry arranges permanent loan on properties in San Jose, Campbell, Rancho Cordova and Camarillo

Montclair Restaurant Building Sells for $400/sf
1/03/25
6.2k sf structure was formerly a Red Lobster

Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Apollo is a development of Cityview and Stockbridge

Oceanside Development Parcel Sells for $5.2 Mil
1/02/25
2.71-acre site was acquired by San Diego public transportation provider

Ambulance Service Leases 41k sf Industrial Facility in Sylmar
12/30/24
Tenant to use property as its corporate HQ

San Diego Modular Affordable Housing Project Lands $112 Mil in Financing
12/30/24
JLL arranges construction loan and preferred equity for Impact Housing and Verbena Road Holdings’ Mission Gorge multifamily development

Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
50-year-old Candela is viewed as a value-add opportunity

Envision / Faring Venture Pays $90 Mil for Beverly Hills Office Building
12/24/24
133k sf property goes for $675/sf

Three California Dutch Bros Coffee Locations Trade in Over $8 Mil of Deals
1/23/25
Baldwin Park, Moreno Valley and Soledad properties were acquired by different buyers

Platte Canyon Capital Launches to Acquire Value-Add Multifamily Investments with $30 Mil Institutional Commitment from Inceptiv
1/23/25
New firm to be led by Brennen Degner and Paul Pittman

Early Signs of Stabilization in LA County’s Office Market as Q4 2024 Vacancy Rates Reach Trough
1/20/25
New report from NAI Capital Commercial suggests the market is beginning to stabilize

UCLA Launches New Master of Real Estate Development Program
1/09/25
Greg Morrow will lead the Luskin School–based initiative

San Diego’s Industrial Market Faces Mixed Signals Entering 2025
1/08/25
Year-end update on the region from Kidder Mathews

Orange County Industrial Market Continues Cooling Trend
1/02/25
Year-end report from Kidder Mathews shows slight increase in vacancy rate for the sector

Christopher Larimore and Tish Childs to Lead New Property Management Division at Lee & Associates
12/16/24
Duo will be based out of the firm’s Pasadena office

Hanley Investment Group Raises $31,800 for Movember in 14th Annual Fundraiser Supporting Men’s Health
12/09/24
To date, Hanley has raised $400,000 for the global charity dedicated to improving men's health worldwide

OC Apartment Property Sells for $345k/Unit
12/05/24
Nine-unit Santa Ana asset was built in 1941

USC Team Wins Silver Shovel at NAIOP SoCal’s Annual Real Estate Challenge
12/02/24
This year’s competition was to come up with the best redevelopment plan for a 9.27-acre site within the Raytheon Campus in El Segundo

Vanamor Spends $20 Mil on Riverside Res Asset
11/25/24
Company awards management or 62-unit LuxLiv to Sunrise Management

Inland Empire Power Center Lands $140 Mil Refi
11/15/24
JLL arranges new financing on 834k sf Crossings at Corona

SoCal Economy’s Resilience Unable to Alleviate Continuing Housing Shortage
11/12/24
University of Southern California Casden Real Estate provides its annual economics forecast for the region’s multifamily industry

L.A. County’s Office Market Navigates Challenges as Property Sales Set New Benchmarks
10/21/24
3rd quarter 2024 update from NAI Capital Commercial suggests owners are looking to more adaptive re-use opportunities

RENTV's 2024 San Diego State of the Market Conference is Being Held on November 21
10/21/24
This annual event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throughout San Diego County. The conference is being held at the Westin Carlsbad Resort & Spa.

Opportunities Emerge as Vacancy Continues Two-Year Rise in L.A. County Industrial Market
10/14/24
NAI Capital Commercial provides 3rd quarter 2024 industrial market update on the market

27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held on November 21
10/10/24
This year’s competition is to present the best plan for a 9.27-acre parcel in El Segundo

$29 Mil Renovation Project Completed at Riverside City College
9/30/24
Work by C.W. Driver Companies included the transformation of one structure and connecting it with another

Investor Interest Grows as Ventura County Retail Market Adapts to New Opportunities
9/23/24
Mid-year update on the sector provided by NAI Capital Commercial

Premier Workspaces Opens New Location in L.A.’s Brentwood Glen Area
9/16/24
New offices are near Sunset, Wilshire and the 405 Fwy

BioLife Plasma Services Takes 18.6k sf Space in Victorville
9/13/24
Deal is for former 99 Cent Only Stores store within Victorville Shopping Center

Inland Empire Retail Market Sees Steady Growth Amid Evolving Demographic and Economic Shifts
9/05/24
NAI Capital Commercial shares Q2 2024 update on the sector



 


 


 


 
 



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