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SANTA ANA, CA-The Santa Ana-based investment, development and management firm spends $28 million for "satellite stores" in 11 centers in seven states from Boise, ID-based Albertsons. The anchors weren't part of the deal.
WEST HOLLYWOOD, CA-Arden Realty Inc.'s Beverly Sunset Medical Building is bought by Mani Bros. of Los Angeles. The new owner's plan is to turn the 158,585-sf, 70%-leased structure into a class A medical tower.
SANTA ANA, CA-The 32,229-sf office building is one of four that seller CT Realty acquired in a portfolio buy two years ago. The 84%-leased building went to private investors from Orange County.
LOS ANGELES-Locally based Westcap Investors remains in a full floor at 11111 Santa Monica Blvd., signing a six-year lease at a lower rent for its headquarters. Real estate sources peg the deal's value at $3 million.
CANOGA PARK, CA-The $101,500 per unit is a new high for mid-San Fernando Valley buildings of the type and unit mix of 7255 Winnetka Ave., a 20-year-old, 36-unit property. A 1031 Exchange fuels the deal.
SANTA ANA, CA-The Northern California firm has financed apartment rehabs here in the past, but the Villas at Tustin is its first direct buy, says David Casper of Hendricks & Partners. The 31-year-old complex was 95% occupied at sale time.
LOS ANGELES-The sale closes at $2,600 more than the asking price of 5115 Melrose Ave., illustrating once again the strong demand for Southern California apartment buildings. The deal closed at an 8.3% cap rate.
LOS ANGELES-The French affiliate of the Equitable Life Assurance Society opens a new branch here and renews three others leases in deals negotiated by Julien J. Studley Inc., signing for nearly 40,000 sf.
IRVINE, CA-Dorn-Platz Properties of Glendale buys the 17,223-sf office building, which has been empty for about six months since the fitness firm departed. The building will be occupied by the buyer.
BURBANK, CA-California overall posts a better-than-usual January for total construction spending, according to a recent report. But, the facts are the barometer could just as easily fall as rise for the next two years.
From 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 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
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
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
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
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