CBRE
Newport 17th Plaza, Fully Leased 29,000 SQFT Costa Mesa Retail Center, Hits Market for $16.6MM at 6.26% Cap Rate
A fully occupied neighborhood retail center anchored to one of coastal Orange County’s busiest intersections has hit the market at $16.6 million, testing...
Rite Aid-Tied Owner Lists Fully Entitled 147-Unit Affordable Housing Site at Crenshaw and Olympic in Los Angeles
An entity connected to twice-bankrupt drugstore chain Rite Aid is selling a fully entitled, one-acre development site at the northwest corner of Crenshaw...
WareSpace Grabs 441,000 SQFT Portfolio From Blackstone’s Link Logistics, Planting Flags in San Diego and the Inland Empire
WareSpace closed its first portfolio-level acquisition, paying an undisclosed sum for a five-building, 441,000-square-foot collection sold by Blackstone’s Link Logistics, and pushing its...
Majestic Asset Management Acquires 158,000 SQFT Single-Tenant Carlsbad Industrial HQ for $45MM
The Carlsbad headquarters building that The Registry flagged when it reached the market in February has changed hands, with Majestic Asset Management paying...
Allied Commercial Investments Buys 148,000 SQFT Mosaic Retail Portfolio in Downtown Long Beach for $30MM
A Cypress-based private investor has acquired the retail heart of Downtown Long Beach’s Mosaic district, betting that below-market rents and a partially vacant...
Port of Los Angeles Tops 1 Million TEUs in Record June as Importers Race Tariffs, Testing SoCal Warehouse Demand
Southern California’s twin ports posted blistering June cargo volumes as retailers and manufacturers pulled shipments forward to beat a wave of new U.S....
Verizon Sheds 274 Company Stores to Franchisees, Reshaping Its Wireless Retail Footprint
Verizon’s decision to hand 274 company-owned stores to franchise operators marks the second wave of a retail restructuring that is redrawing who controls...
Shomof Group Lists 122-Unit Premiere Towers in Downtown Los Angeles as Ready-Made Condo Sell-Off, Priced Below Replacement Cost
Shomof Group has put Premiere Towers, the 122-unit mixed-use tower it has held on Spring Street since the early 1990s, on the market...
Bardas Tops Out $450MM Echelon Studios in Hollywood, Betting 90,000 SQFT of Offices and Five Stages on a Production Rebound
Bardas Investment Group has topped out Echelon Studios Hollywood, the $450 million urban studio campus replacing a shuttered Sears on Santa Monica Boulevard,...
Port of Long Beach Targets 227,000 SQFT 100 Oceangate Tower Written Down 47% to $24.9MM by County Assessor
Los Angeles County has slashed the taxable value of 100 Oceangate by nearly half, an official verdict on downtown Long Beach’s office collapse...
Slatkin Brothers’ $280MM Loan on 327-Key Santa Monica Hotel Duo Lands in Special Servicing
The $280 million securitized mortgage backing Shutters on the Beach and Hotel Casa del Mar has been transferred to special servicer LNR Partners...
The Truck Yard Grows Up: How Industrial Outdoor Storage Became Institutional Real Estate’s Hottest Bet
A decade after a favor for a friend in the crane business pulled Alterra Property Group into the fragmented world of truck yards...
