Monday, May 12, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

California

Marys-Vineyard-Visalia-CA
AcquisitionsCaliforniaRetailWestern

Matthews Real Estate Brokers $17.7M Sale of Mary’s Vineyard Shopping Center in Visalia, California

by Amy Works

VISALIA, CALIF. — Matthews Real Estate Investment Services has arranged the sale of Mary’s Vineyard, a retail center located at 1305-1699 E. Noble Ave. in Visalia, a city in the San Joaquin Valley between Los Angeles and the Bay Area. Argonaut Investments, a privately held investment firm, acquired the asset from an undisclosed seller for $17.7 million. Situated on 16.5 acres, Mary’s Vineyard features 151,615 square feet and 28 tenants, including restaurants, grocery stores and drug stores. The retail center was developed in 1989. Carter Hamilton and Matt LoPiccolo of Matthews Real Estate Investments represented the seller and buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
17101-Armstrong-Irvine-CA
AcquisitionsCaliforniaOfficeWestern

RGP Sells 57,301 SF Office Building in Irvine, California to Municipal Owner-User

by Amy Works

IRVINE, CALIF. — RGP has completed the disposition of 17101 Armstrong, an office building in the Orange County city of Irvine. A municipal owner-user purchased the asset for $13 million. The two-story, low-rise building features 57,301 square feet of office space and 167 parking stalls. The property was built in 1982 on 2.4 acres. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Carter Haslam of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
9606-Aero-Dr-San-Diego-CA
AcquisitionsCaliforniaIndustrialOfficeWestern

RPG, Steel Peak Purchase San Diego Office Property for $12.1M, Plan Industrial Outdoor Storage Conversion

by Amy Works

SAN DIEGO — A joint venture between RPG and Steel Peak has acquired 9606 Aero Drive, a 38,704-square-foot flex office property in San Diego. Total consideration for the acquisition was $12.1 million, which the joint venture’s institutional equity partner supported. The undisclosed seller will continue to occupy the asset as its headquarters through 2025 as part of a leaseback agreement. Situated on 4.2 acres, the asset includes existing office space and a vacated data center that will be converted into warehouse space with multiple grade-level loading doors, creating a Class A industrial outdoor storage facility. Additional improvements to the property will include fencing, lighting and paving. Kurtis Blanchard and Evan McDonald of Colliers represented the buyers in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
1660-1880-Iowa-Ave-Riverside-CA
AcquisitionsCaliforniaIndustrialWestern

Le Investment Group Arranges $36.6M Sale of Industrial Portfolio in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Le Investment Group has arranged the sale of an industrial portfolio in Riverside, located in the Inland Empire region. The asset traded for $36.6 million, or $179.27 per square foot. Located at 1660-1880 Iowa Ave., the multi-building portfolio offers 203,939 square feet of industrial space. Le Investment Group represented the undisclosed seller in the deal. The name of the buyer was also not released.

Continue Reading
FacebookTwitterLinkedinEmail
The-Valencia-Vallejo-CA
AcquisitionsCaliforniaMultifamilyWestern

Northmarq Brokers $27.5M Sale of Apartment Portfolio in Vallejo, California

by Amy Works

VALLEJO, CALIF. — Northmarq has facilitated the sale of a two-property multifamily portfolio in Vallejo, across San Pablo Bay from San Francisco. Reliant Group Management sold the portfolio to Abacus Capital Group for $27.5 million. The portfolio includes the 80-unit The Valencia, located at 1101 N. Camino Alto, and the 64-unit Valencia Terrace, located at 154 Richardson Drive. The Valencia was built in 1986 and Valencia Terrace was built in 1982.   Zachary LeBeouf and Anthony Pappageorge of Northmarq’s Northern California multifamily investment sales team represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
2213-Meyers-Ave-Escondido-CA
AcquisitionsCaliforniaIndustrialWestern

Steel Peak Buys Industrial Outdoor Storage Property in Escondido, California for $3.7M

by Amy Works

ESCONDIDO, CALIF. — Steel Peak has acquired an industrial outdoor storage (IOS) property, located at 2213 Meyers Ave. in the San Diego suburb of Escondido, for $3.7 million. The IOS property features an 8,000-square-foot industrial building and large, secured, fenced yard on 1.7 acres. The building features 18-foot clear heights, six oversized ground-level loading doors, abundant power and office space. Mike Erwin, Tucker Hohenstein and Hank Jenkins of Colliers San Diego represented the seller, Act Property Acquisition Partners II LLC, and the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Meadowbrook-Apts-West-Sacramento-CA
CaliforniaLoansMultifamilyWestern

Dwight Capital Provides $21.6M HUD Loan for Meadowbrook Apartments in West Sacramento, California

by Amy Works

WEST SACRAMENTO, CALIF. — Dwight Capital has provided a $21.6 million HUD 223(f) loan for Meadowbrook Apartments, a newly renovated multifamily community in West Sacramento. Proceeds from the loan will be used to retire existing debt and fund property improvements for the borrower, Tesseract Capital Group. The loan also benefitted from a Green Mortgage Insurance Premium Reduction set at 25 basis points, as Meadowbrook Apartments holds National Green Building Standard Bronze certification. Meadowbrook Apartments features 92 one-, two-, three- and four-bedroom units with patios and balconies spread across 10 two-story residential buildings. Community amenities include two communal buildings, a fitness center, game room, dog park, pool, barbecue/picnic area and pool house with bathroom and kitchenette facilities.

Continue Reading
FacebookTwitterLinkedinEmail
Heritage-Towne-Center-Chula-Vista-CA
AcquisitionsCaliforniaRetailWestern

Paragon Real Estate Investments Sells Heritage Towne Center Retail Property in Chula Vista, California for $14.7M

by Amy Works

CHULA VISTA, CALIF. — Paragon Real Estate Investments has completed the disposition of Heritage Towne Center, a retail property in the San Diego suburb of Chula Vista. Palomar Heritage LLC acquired the asset for $14.7 million. Situated on 1.9 acres, the 36,161-square-foot property consists of four retail buildings that were built in 2002. At the time of sale, the asset was fully occupied by 21 tenants. Reg Kobzi, Joel Wilson, Michael Peterson, Lane Robertson, Philip Voorhees and Joe Yetter of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
22430-Van-Buren-Blvd-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Arranges $5.8M Sale of Retail Pad in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Hanley Investment Group has arranged the sale of a three-tenant retail pad building located at 22430 Van Buren Blvd. in the Inland Empire city of Riverside. A Los Angeles-based 1031 exchange investor acquired the asset from Irvine-based Greens Development Inc. for $5.8 million. Completed in 2020, the 6,300-square-foot property is occupied by Chipotle Mexican Grill, MA Dental and BHC Chicken, which is slated to open in October. The pad building is part of Veteran’s Plaza, a community shopping center and hotel complex developed by Greens Development. Tenants at the shopping center include In-N-Out Burger, Starbucks Coffee, Hampton Inn + Home2 Suites and Circle K with a 76 gas station. Eric Wohl and CJ Kiehler of Hanley Investment Group represented the seller, while Justin Altemus of The Altemus Co. represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
200-202-W-140th-St-Los-Angeles-CA
AcquisitionsCaliforniaIndustrialWestern

DAUM Commercial Negotiates Sale of 60,457 SF Industrial Property in Los Angeles

by Amy Works

LOS ANGELES — DAUM Commercial Real Estate Services has arranged the sale of an industrial building in Los Angeles. A private investor acquired the asset from an undisclosed buyer for $14.1 million. Located at 200-202 W. 140th St., the building features 60,457 square feet of industrial space. At the time of sale, the property was fully occupied by local manufacturing tenants. Anthony Bergeman, Michael Chase and Krishna Shegran of DAUM represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts