CoStar
Irvine Company Buys Shuttered 1.26-Acre Newport Beach Car Wash for $32.5MM to Feed 600-Unit Newport Center Housing Push
The Irvine Company has acquired the shuttered, 51-year-old Newport Beach Car Wash near Fashion Island for $32.5 million, folding a 1.26-acre parcel into...
Fully Entitled 1,077-Unit Culver City Development Site Hits the Market Across Three Divisible Parcels
A fully entitled 8.34-acre assemblage in the heart of Culver City’s tech-and-entertainment corridor has come to market with approvals for 1,077 residential units...
Quarterra’s 393-Unit Halcyon House in Costa Mesa Hits the Market as Part of Portfolio Listing
The 585 Anton Boulevard luxury community in Costa Mesa’s City of the Arts is the lone SoCal asset in a 3,746-unit national portfolio...
New-Construction Chipotle in Palmdale Trades at 4.45% Cap, Lowest for Brand in California in 2.5 Years
The $4.39 million deal for the 2,325-square-foot pad signals aggressive investor appetite for newly built, corporate-guaranteed quick-service restaurants in high-growth Southern California retail...
Aragon Properties Lists 190-Unit Echo Park Multifamily Portfolio as Non-RSO Class A Product Hits LA Market
Vancouver developer is testing investor appetite for newly built, rent-control-exempt apartments in one of Los Angeles’ most supply-starved submarkets. A Vancouver-based developer is...
Massachi Lands $48MM Bank of America Construction Loan for 110-Unit West Hollywood Project
Developer breaks ground on the largest housing project the city has seen in a decade, replacing a demolished mid-century bank branch on Santa...
Sophia Hollywood Apartments Trade for $16MM, Setting Hollywood Per-Unit Price Record
The 28-unit Class A property at 1759 N. Gower Street fetched roughly $571,500 per unit, the neighborhood’s strongest pricing in more than three...
Irvine Co. Trades 842-Space Garage for 184-Unit Luxury Tower at Fashion Island in Newport Beach
The master-planned developer is converting underused parking at 800 San Clemente Drive into the eighth and final building of its 708-unit Villas at...
Realtor Groups Pour $602,000 Into Defeating San Diego Vacancy Tax as June Vote Nears
Measure A would impose $8,000 to $10,000 annual levies on non-primary homes left empty more than 182 days a year, with backers projecting...
Jardine Hollywood Commands $533,680 Per Unit as Allocation Emerges on $202MM Kilroy-Advanced Trade
The newer of the two Hollywood towers fetched a premium over its older sister property, with Jardine trading at $103MM and Sky Hollywood...
Orange County Multifamily Market Holds Steady as New Supply Concentrates in Irvine
Rents edge higher and vacancy remains flat year-over-year, while nearly two-thirds of the county’s 5,573-unit construction pipeline targets a single submarket Orange County’s...
Georgetown Co. Advances 251-Unit Mixed-Use Development on Hollywood Media Campus Site in Los Angeles
New York-based developer seeks density bonus and CEQA exemption for eight-story residential project near Netflix’s Southern California headquarters Georgetown Co. is pushing forward...
