Globest Sectors

"Seniors used to move into senior housing in their 70's and now they aren't moving until into their 80's. So developers need to be astute to that."

The 135,000-square-foot facility is located at 53500 Grand River Ave. A total of 35,000 square feet of the new facility is dedicated to office space and the remaining 100,000 square feet is designated for manufacturing and warehouse workspaces.

Counsel Edelstein has more than a decade's experience handling a wide range of transactional real estate matters. She primarily focuses her practice on acquisitions and dispositions of commercial and multi-family properties, leasing matters and mortgage financing.

The four-property portfolio that was sold include: 12 units at 48 Millington Ave., 16 units at 51 Summit Ave., 20 units and a developable lot at 291 Wainwright St. and 21 units at 535 Hawthorne Ave.

The latest recruit is Jason Cranston, a 20-year veteran with experience in the Peninsula industrial and logistics market, who has joined JLL as a managing director in the firm's Menlo Park/Silicon Valley office.

The investor buys the 181,730-square-foot industrial warehouse in Los Angeles for $38.5 million.

The combination of low-cost housing and a job market has finally made the Inland Empire an attractive SoCal market.

The developer has acquired a 10-acre-site in West Henderson with plans to build a two-building industrial property.