Thursday, August 13, 2026
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CaliforniaIndustrialWestern

O’Neill Logistics Leases Industrial Space in Los Angeles

by Nellie Day

LOS ANGELES – O’Neill Logistics has leased Hathaway Industrial Park, a 288,000-square-foot industrial facility in Los Angeles. The five-year lease is valued at $6.7 million. The space is located at 11811-11831 E. Florence Ave. in the Santa Fe Springs submarket. It was built in 1984. O’Neill Logistics is a third-party logistics company specializing in apparel and consumer goods products. O’Neill was represented by Dillon Dummit and Wayne Lamb of Cresa Orange County. The landlord, Westcore Properties, was represented by Luke McDaniel, Cameron Driscoll and Zac Sakowski of Jones Lang LaSalle.

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CaliforniaMultifamilyWestern

Frank Gehry to Design New Mixed-Use Development in Los Angeles

by Nellie Day

LOS ANGELES — Acclaimed architect Frank Gehry has been selected to design a new mixed-use project in Los Angeles. The new project will be located at 8150 Sunset. The development will be situated on one of the largest contiguous parcels of land on the Sunset Strip, at the intersection of Crescent Heights Boulevard. The development will contain 249 units, in addition to ground-floor restaurant and retail space and open-air space on the rooftop. Extensive open spaces will also connect to a central plaza, which will have pedestrian and bicycle access. Gehry has started the initial design development process. Plans are expected to be released this spring. The site of the new development was formerly home to the Garden of Allah hotel, which was demolished in 1959. The master site plan was developed in 2013 by Hart Howerton. The firm established the initial design principles focused on environmental sustainability, open spaces, and pedestrian and public transit accessibility. Last year, the development became the first project in Los Angeles County to be designated a California Environmental Leadership Development Project (ELDP)—and the only mixed-use project in California to receive that designation. To qualify as an ELDP, a project must include an investment in …

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CaliforniaMultifamilyWestern

Village at Park View Apartments in Antioch Sells for $12.4M

by Nellie Day

SAN FRANCISCO – The 85-unit Village at Park View Apartments in the San Francisco submarket of Antioch has sold to an unnamed buyer for $12.4 million. The community is located at 2800 Gentrytown Drive. It was built in 1980. Michael Henshaw of Marcus & Millichap represented the buyer. The unnamed seller was represented by Adam Levin and Nathan Gustavson of the same firm.

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CaliforniaOfficeWestern

La Jolla Medical Office Building Sells for $7M

by Nellie Day

SAN DIEGO – A 17,800-square-foot medical office building in La Jolla has sold to Monarch La Jolla LLC for $7 million. The property is located at 7630 Fay Ave. The LLC intends to convert the building into an upscale assisted living facility. The seller, Executive Leasing of Nevada LLC, was represented by Brandon Keith of Voit Real Estate Services’ San Diego office and Stephen Dok of Lee & Associates. The buyer also operates as Monarch Living and Monarch Communities.

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CaliforniaMultifamilyWestern

San Antonio Apartments in Long Beach Sells for $2.9M

by Nellie Day

LONG BEACH, CALIF. – The 20-unit San Antonio Apartments in Long Beach has sold to Rio Company for $2.9 million. The community is located at 1090 E. San Antonio Drive in the Bixby Knolls area. It was built in 1948. Robert Stepp and Michael Toveg of Stepp Commercial represented both the buyer and seller, Alray Trust, in this transaction.

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CaliforniaMarket ReportsOfficeWesternWestern Market Reports

San Diego’s Office Landscape is Changing

by Nellie Day

San Diego’s core commercial office markets continue to tighten. Less than 1 million square feet was added last year, while more than 1.2 million square feet was absorbed. In 2014, construction commenced on the first speculative high-rise office project since Hines’ La Jolla Commons I in 2008. The Irvine Company plans to deliver a 306,000-square-foot, Class A development called One La Jolla Center in UTC this year. This project follows on the heels of the adjacent 415,000-square-foot, build-to-suit for LPL. This activity points to a strengthening market as developers, equity partners and lenders believe the benefit outweighs the risk of speculative development. Sorrento Mesa also received 410,000 square feet of new office space at 10001 Pacific Heights Blvd. last year that was pre-committed by owner-user Qualcomm. The overall vacancy rate for the core markets in three San Diego regions (Downtown, Central and North County) was reduced to 11.5 percent by year’s end, indicating a tight market for users. Rent spikes can be anticipated when vacancy rates shrink to single digits. This should occur this year in submarkets like the Uptown area (5.5 percent), Poway (5.4 percent), Rancho Bernardo (6.8 percent), North Beach Cities (5.7 percent), Torrey Pines (8.0 percent), Sorrento …

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CaliforniaMultifamilyWestern

Apartment Building in LA’s Miracle Mile Sells for $23.5M

by Nellie Day

LOS ANGELES – A 71-unit apartment building in Los Angeles’ Miracle Mile neighborhood has sold to a private investor for $23.5 million. The community is located at 5700 West Olympic Blvd., just west of La Brea Avenue. It was built in 1972. The seller, an affiliate of Hillstreet Realty, was represented by Richard Ringer of Marcus & Millichap’s West Los Angeles office.

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CaliforniaRetailWestern

Shogun Japanese Restaurant Leases Space in San Bernardino

by Nellie Day

SAN BERNARDINO, CALIF. – Shogun Japanese Restaurant has leased a 7,500 square-foot freestanding restaurant building in San Bernardino. The space is located at 1050 E. Harriman Place. The new restaurant is scheduled to open this summer. It is situated between Costco and Sam’s Club within the Hub shopping center. The family-friendly restaurant is open for lunch and dinner. It offers Japanese entrees and Teppanyaki. Paul Galmarini and Kenia Drugan of Progressive Real Estate Partners represented both the landlord and Shogun in this transaction.

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