![]() ![]() Read More Kennedy Wilson Acquires Three Multifamily Assets for $418M The project will be one of the first studio developments of its size built by a privately held company in Southern California in decades. Read more Sylmar Studios breaks ground on large $500 million production site for multifamily investments and year-over-year rent increases in the first quarter of 2022. Greater Los Angeles gained momentum as one of the leading metros in the U.S. Read More Greater Los Angeles ranks as one of the top metros for multifamily investments, rent increases JLL also procured the buyer in the transaction, MetLife Investment Management & PGGM, plus secured a $118 million acquisition loan through Allianz Real Estate. JLL Capital Markets has closed the $235 million sale of Intersect, a four-building, creative office campus in Irvine, CA. Read More Amazon Gobbling Up SoCal Office Space, Taking 439K SF In Santa Monica, Irvine, San Diego The transaction, to a local buyer in a 1031 exchange, amounted to $538 per square foot. ![]() ![]() The CBRE team brokered the $14 million sale of a 26,000-square-foot industrial property on South Sepulveda in West Los Angeles, CA. Read More CBRE Brokers $14M Sale of West LA Industrial Site Read More $100 million-plus, two days: Prime South San Francisco sites are boughtĪ commercial real estate shopping spree has been widening in the biotech and tech hotbed on Peninsula Ave. The Governor Park buildings were part of a portfolio that last traded hands in 2018 for $95M. Read MoreĬalifornia Commercial Real Estate News Q2 2022 Manulife Sells 2-Building San Diego Office Portfolio With Life Sciences Potential For $145MĪn LLC connected to Manulife Investment Management sold two buildings near San Diego’s University Town Center area for $145M. Read More Netflix Offloads 180K SF of Space in Burbank During Subscriber Loss, LayoffsīisNow reports on Netflix’s recent release of 180,000 square feet of commercial real estate space in the Los Angeles region. Thor Equities acquired a cold storage facility for $85M that exchanged hands for $36M in January 2022. Read More SoCal Cold Storage Industrial Asset More Than Doubles Sales Price in 7 Months Read More Three LA Apartment Buildings Go On the Market for Over $500MĮastdill Secured listed three DTLA apartment properties with an aggregate of over 1,000 units for $520 million. The council of the Inland Empire discussed placing a 45-day moratorium on warehouse development in the area, despite the record-low vacancy rates. Read More Bans on Development Are Aplenty in the Inland Empire, Where Vacancy Rates are Below 1% The Westfield Santa Anita mall sold for $538 million. The buyer of the 1.5M-square-foot retail property in Arcadia, CA was not disclosed publicly. Read More Unibail-Rodamco-Westfield (URW) Sells Westfield Santa Anita Mall for Nearly $550M Read More Sale of 7 SoCal Office & Industrial Properties Shows Demand for the CRE Sectors in the Regionĭemand for creative office and industrial spaces stays strong in Southern California as witnessed by one of the largest collective deals in the region during Q3 2022. San Diego-based Crinetics Pharmaceuticals inked a 94,000 square foot lab space in Sorrento Mesa. Read More Crinetics Pharmaceuticals Inks 94K SF Lease in San Diego The $54 million mixed-use development of Leap of Faith Partners is in the final stages of entitlement. Read More Ventura Mixed-Use Property Being Developed for $54M The Television Center in Hollywood will be rebranded at Echelon Television Center, and it is being redeveloped as a means of keeping “Hollywood in Hollywood”. Read More Investment of $600M for Redevelopment of Television Center in Hollywood The City of Industry property was 100% occupied at the time of sale, and the Corona warehouse was 43% occupied. TA Realty inked a deal for two warehouse assets in The City of Industry and Corona, CA respectively. California Commercial Real Estate News Q3 2022 TA Realty Acquires Two Industrial Properties for Nearly $134M The list also covers financial factors that are important for property owners and investors to know. We put together a list of transactions, lease highlights, and development projects around California’s commercial real estate market.
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