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TORRANCE, CA-The 29-year-old, two-building center reaps slightly less than $2.3 million to close at $90,000 more than the list price. Built in 1974, it's Prairie Plaza's first time on the market.
LA VERNE, CA-The seller renovated the 1960s vintage center and brought in new tenants for the 64,727-sf property. The La Verne West Center sits at a high-traffic intersection in one of the most affluent areas of the San Gabriel Valley.
RANCHO CUCAMONGA, CA-A family trust from Orange County buys the 20-year-old center from an Orange County seller. The Foothill Plaza, built in 1983, was fully leased at sale time by its original owner.
GARDEN GROVE, CA-The owners of the Embassy Suites Anaheim South Hotel shave the interest rate by 3.25% with a two-year financing package. The bridge loan increases cash flow and enables fixtures to be bought instead of leased.
BELLFLOWER, CA-A Woodland Hills investor buys the 52-unit Palm Tree Apartments from a private investor based here. Units average 826 sf and the monthly rents range from $675 to $1,100 in the 100%-occupied complex.
PALM DESERT, CA-The Davis Street Land Co. of Evanston, IL, buys the shopping center from Washington, DC-based Madison Marquette, developer of the 95%-leased center with Saks as an anchor and Tiffany en route.
WOODLAND HILLS, CA-The Denver-based apartment specialist buys an 11-acre site for a 522-unit development on a site that now houses a TV studio complex. Construction will start in about a year.
WOODLAND HILLS, CA-The Denver-based apartment specialist buys an 11-acre site for a 522-unit development on a site that now houses a TV studio complex. Construction will start in about a year.
MONTEREY PARK, CA-The private investor who owns and operates the company buys a 24,000-sf industrial building from tooling company DME. The 40-year-old building's quick sale is indicative of the demand in the LA Basin.
VALENCIA, CA-Leggett & Platt will move from 38,000 sf elsewhere in Valencia in a five-year deal at Commerce Center Business Park. Move-in is expected soon to the single-story industrial site along Commerce Center Drive.
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
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Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource