LOS ANGELES-The 178-unit landmark apartment complex is up and running again after being rebuilt to its original specifications and sold for $48 million. The original SeaCastle was torn down after the Northridge earthquake and a fire that followed two years later.
FULLERTON, CA-An aerospace-related manufacturer has paid $8.2 million for a 15.7-acre parcel in Fullerton. The buyer has tentative plans to build an industrial facility on the site.
NEWPORT, CA-Locally based Koll Development Co. has acquired a 13.71-acre parcel in Arizona for $4.6 million and plans to build an 189,524-sf office project on the site.
LOS ANGELES-A 36,877-sf office building in Whittier has changed hands for $4.3 million the third office disposition to be announced this week in Los Angeles County. Combined, the sales represent more than $90 million in sales activity.
COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.
ORANGE, CA-The local office of Lee & Associates has brokered the sale of Rialto Freeway Business Park, a 40,459-sf, three-building complex located at 323, 342 and 363 W. Valley Blvd.
WESTMINSTER, CA-The success in finding tenants for the three-building Westminster Business Center despite the current state of the economy is the latest sign of the county's soaring demand for industrial space.
COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.
ORANGE COUNTY, CA-In another example of investors' appetite for the county's limited supply of available industrial space, an Anaheim-based investment company has snatched up a 22,600-sf industrial for $2.1 million.
LOS ANGELES-A locally based investment company has acquired retail and industrial properties in Northridge and Thousand Oaks as part of a tax-deferred 1031 exchange valued at $2.7 million.