Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Boulevard in Walnut, within the Eastern Corridor of the San Gabriel Valley. Terraces at Walnut project... Read more »
The Port of Los Angeles and California Department of Transportation (Caltrans) will start work this month on a $130-million project to reconfigure a major interchange at State Route 47 (SR 47)/Vincent Thomas... Read more »
Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The Anaheim, California-based originator’s application was approved on Wednesday after it fulfilled all... Read more »
Marcus & Millichap closed the sale of Casa Florencia, a 12-unit apartment property located at 1433 Thomas Ave. in San Diego. The asset was sold for $5,300,000. “After owning and managing the apartments for over 50 years, the... Read more »
Kidder Mathews SVP Kelly Betpolice represented a private investor in acquiring two large multi-tenant industrial parks in the San Fernando Valley. The client, Palatine Capital Partners, purchased the properties for $30,610,000. The properties... Read more »
Urban Stearns and Forbix have secured a $17.5 million loan to begin converting a 12-story office building in San Pedro into more than 200 homes. The Culver City- and Calabasas-based investors secured... Read more »
BH3 Management and F2 Capital have provided a $17.5-million bridge loan for Forbix and Urban Stearns’ conversion of Topaz Tower, a 12-story, 294,000 square-foot office building located in San Pedro. The developers have received entitlements... Read more »
A unique San Marcos apartment complex is almost ready for tenants. Named Flatz 512, the project is built beforehand in a factory and then shipped in pieces to the site to be... Read more »
Unibail-Rodamco-Westfield, the owner of 16 retail centers across the U.S., told investors that it has agreed to sell San Jose’s Westfield Oakridge Mall to an undisclosed buyer, reported the Silicon Valley Business... Read more »
Rexford Industrial Realty said it had acquired 5000 & 5010 Azusa Canyon Rd., Irwindale, located in the LA San Gabriel Valley submarket, through an off-market transaction for $84 million or $359 per square foot. The seller was not disclosed. The... Read more »