Trader Joe’s Buys Former Rite Aid In Santa Monica For M

Trader Joe’s Buys Former Rite Aid In Santa Monica For $22M

Trader Joe’s just made a pricey Santa Monica land play, snapping up a former Rite Aid along Wilshire Boulevard as it continues to expand in Southern California and scoop up drugstore boxes... Read more »
Santa Monica Developer Pushes for Palisades to Secede from LA

Santa Monica Developer Pushes for Palisades to Secede from LA

Faced with fire damage, frozen permits and a City Hall she says can’t scale, a Pacific Palisades developer has made a radical pitch a year after the destruction: break away from Los... Read more »
 Million Santa Monica Home Sale Tops City’s Charts

$23 Million Santa Monica Home Sale Tops City’s Charts

It took until nearly the end of the year, but Santa Monica has a new market leader in 2025. A home at 2555 La Mesa Drive sold for just shy of $23... Read more »
OC Law Firm Callahan & Blaine Leave Santa Ana for Irvine

OC Law Firm Callahan & Blaine Leave Santa Ana for Irvine

An Orange County-based law office is relocating its headquarters from Santa Ana to Irvine.  Trial and litigation firm Callahan & Blaine is moving to the top two floors of Newport Gateway, a... Read more »
Pimco, Witkoff Firm Default on Santa Monica Apartments Loan

Pimco, Witkoff Firm Default on Santa Monica Apartments Loan

Pacific Investment Management Company and the Witkoff firm have defaulted on a loan of more than $400 million tied to a luxury apartment complex in Santa Monica.  The delinquent loan is connected... Read more »
Apple Continues Office Buying Spree in Santa Clara County

Apple Continues Office Buying Spree in Santa Clara County

Apple has added to its South Bay real estate footprint by acquiring two office properties on Stevens Creek Boulevard in Cupertino, the Mercury News reported. A group whose principal executives include Peter... Read more »
Who Bought Hines’ Fairview Industrial Project in Santa Ana?

Who Bought Hines’ Fairview Industrial Project in Santa Ana?

Robinson Pharma is continuing its Orange County growth spurt with another building acquisition.  The pharmaceutical company, one of the country’s largest manufacturers of dietary supplements and other nutraceutical products, completed its purchase... Read more »
IPA-Brokered Sale Sets Record for Santa Barbara County

IPA-Brokered Sale Sets Record for Santa Barbara County

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of La Vista Apartments, a 460-unit multifamily asset in Santa Maria, for $116 million or $252,174 per unit. According to... Read more »
Will we see a Santa Claus rally in mortgage rates?

Will we see a Santa Claus rally in mortgage rates?

Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial... Read more »
IPA-Brokered Sale Sets Record for Santa Barbara County

Parcels Trade at Rancho Santa Margarita Center in Breakup Strategy

Faris Lee Investments closed the sale of Parcels 2 & 3 at Plaza Empresa in Rancho Santa Margarita for $19 million, or $485 per square foot. Senior managing director Scott DeYoung, managing... Read more »