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Shopping center in Southern California
FinanceIndustry NewsInland EmpireRetail

Phillips Edison Cashes Out of Corona Grocery Center for $38.2MM, Booking 83% Gain

A Northern California 1031 buyer paid roughly $346 per square foot for the fully-leased Ralphs-anchored center — the kind of price that signals...

Entrance to USC building in Los Angeles
AECIndustry NewsLos AngelesResidential

Mosaic Cuts Ribbon on $56MM Tessera, a 250-Bed Student Housing Tower Steps from USC

The seven-story, transit-oriented project marks the firm’s first ground-up development and largest community to date, arriving as Los Angeles multifamily construction moderates. Mosaic...

San Diego apartment building
FinanceIndustry NewsResidentialSan Diego

Fairfield Residential Acquires 198-Unit Resort At Encinitas For $110MM In Coastal San Diego Play

The San Diego–based owner paid roughly $555,505 per unit for the former condo-conversion property, doubling down on stabilized coastal product as the regional...

Rendering of affordable project at Riverton Avenue
AECIndustry NewsLos AngelesResidential

HVN Development Files Plans for 75-Unit Affordable Apartment Building in North Hollywood

Irvine-based firm’s latest San Fernando Valley project would rise car-free on a vacant Riverton Avenue lot, extending a pipeline of more than a...

Apartment building facade
FinanceIndustry NewsLos AngelesResidentialRetail

Greystar Lists 115-Unit Access Culver City Mixed-Use Asset with $30MM Grocery-Anchored Retail Component

Newmark is marketing the 2016-vintage property on Washington Boulevard as a core-plus play with rent headroom in one of Los Angeles’ tightest submarkets....

Shopper using a credit card with the card terminal
CommercialFinanceIndustry NewsRetailSan Diego

Santa Monica Investor Sells 33,055 SQFT Prospect Square at La Jolla Village for $10.3MM

Recently renovated mixed-use building on Prospect Street commands approximately $312 per square foot in one of San Diego’s most supply-constrained coastal corridors. A...

Culver City skyline
AECCommercialFinanceIndustry NewsLos AngelesResidential

Hudson Pacific Markets Fully-Entitled 508-Unit Culver City Development for Sale or Joint Venture

West Coast REIT seeks capital partner or outright buyer for 10950 Washington Boulevard mixed-use project amid strategic pivot to residential Hudson Pacific Properties...

rendering of apartment with couch and shelves
FinanceIndustry NewsOrange CountyResidential

28-Unit Buena Park Apartment Building Trades for $9.8MM in Dual 1031 Exchange

Dual 1031 Exchange Transaction Closes as Multifamily Investment Volume Rebounds Despite Rising Vacancies A 28-unit multifamily property at 7051 9th Street in Buena...

bogdan-vaskan-1taEJJwIv-0-unsplash-apartment
FinanceIndustry NewsLos AngelesResidential

JRK Property Holdings Acquires C on Pico, 94-Unit West L.A. Property for $38MM

Los Angeles investment firm continues aggressive acquisition strategy amid recovering market conditions JRK Property Holdings has acquired C on Pico, a 94-unit multifamily...

arpad-czapp-tvP6pCnq9iI-unsplash-pharmacy
FinanceIndustry NewsLos AngelesRetail

Trader Joe’s Acquires 17,800 SQFT Former Rite Aid Site in Santa Monica for $22.45MM

Grocery chain pays $1,261 per square foot for Wilshire Boulevard property with resolved zoning issues The grocery sector’s appetite for well-located retail sites...

Industrial doors
FinanceIndustrialIndustry NewsLos Angeles

Amazon Snaps Up Pasadena Industrial Property for $78.8MM as Data Center Demand Reshapes SoCal Real Estate

The e-commerce giant paid $469 per square foot for a flex building that could signal expanding digital infrastructure footprint Amazon has purchased a...

forklift taking goods into a truck at industrial facility
FinanceIndustrialIndustry NewsInland Empire

Morgan Stanley Acquires 92,000 SQFT Oldcastle Manufacturing Facility in Fontana for $91.7MM

Price reflects specialized use as Inland Empire grapples with rising vacancy Morgan Stanley Real Estate Investing has acquired a 91,644-square-foot manufacturing facility in...

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