Recent CRE transactions in #California. Web: https://teapaw.org/t.co/rv1GJEEQvK Insta:https://teapaw.org/t.co/6VxvPm36pO LinkedIn: https://teapaw.org/t.co/DnbQ3EuAzS Newsletter: https://teapaw.org/t.co/ToblqMciI4
Los Angeles
Joined December 2017
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California voters rejected Proposition 45.
The measure would have sped up environmental review and permitting for certain housing, water, energy, school, and transportation projects, with tighter CEQA deadlines than exist today.
No 55.7% (5,533,894). Yes 44.2% (4,396,414). About 76% of expected ballots counted.
Eligible projects could have opted in: 365 business days to finish an EIR, one project alternative instead of several, and courts limited to pausing only the part of a project that failed review.
California voters rejected Proposition 43.
The measure would have raised the bar for voter-proposed local special taxes from a simple majority to two-thirds, starting January 1, 2027.
No 56.8% (5,669,139). Yes 43.1% (4,309,938). About 75% counted.
A city, county, or special district already needs two-thirds for a special tax. Citizen initiatives have needed only a majority since a 2017 state Supreme Court ruling. Prop 43 would have closed that gap.
Lincoln Property Company and McCourt Partners just broke ground on a 344-unit Culver City mixed-use project.
ElevenOneEleven, at Jefferson and Sepulveda:
- 344 apartments, including 52 affordable
- 2,000 SF of neighborhood retail
- 17,520 SF of publicly accessible outdoor space
- Lincoln's third Culver City development; 2,200+ LA County units in its pipeline
- Designed by KFA Architects; completion targeted Q4 2028
West LA adds more rental supply next to Playa Vista, Marina del Rey and Venice.
JUST IN: SCAG refreshed the official SB 79 transit-density map for Los Angeles County.
What landlords and developers get:
- More precise TOD zones around Metro D Line (Century City, Beverly, Westwood UCLA/VA), Regional Connector and A Line San Gabriel Valley stops
- New planned-station points for the K Line Northern Extension, Sepulveda Transit Corridor and Eastside Phase 2
- LA County is still the only SCAG urban transit county until the OC Streetcar opens
State by-right height and density near transit just got a cleaner map. Owners near those stops should check their parcels now.
SALE
IMAGE: Ben Lee
DATE: 10/22/2026
ADDRESS: 1073 Exposition Boulevard
MARKET: Los Angeles
ASSET TYPE: Student Housing
BUYER: Ronnie Mai
SELLER: Harvey Fang
BROKER: Ben Lee - The Ben Lee Group
SALE PRICE: $7,000,000
SF: 20,385 ~ PPSF: $343
BEDS: 44
NOTE FROM BROKER…
TruAmerica just broke ground on its first ground-up multifamily project in Santa Clarita.
River Walk Townhomes at 18300 Soledad Canyon Road:
- 154 units: 144 three-bedroom townhomes + 10 affordable apartments
- About 8,500 SF of neighborhood retail
- ~10-acre site acquired August 2026
- Construction loan from First-Citizens, arranged by @JLL
- First homes Spring 2028; full delivery Fall 2028
LA County's fastest-growing city keeps pulling institutional rentals.
SALE
IMAGE: Brett Sanson & Tamas Batyi
DATE: 10/27/2026
ADDRESS: 3552 Centinela Avenue
MARKET: Los Angeles
ASSET TYPE: Multifamily
BUYER: Vyacheslav Velen
SELLER: Jakob Fernandez
BUYER'S REP: Brett Sanson - Marcus & Millichap
SELLER'S REP: Tamas Batyi - Compass
SALE…
SALE
IMAGE: Bob Healey, Richard Melbye, John Lane & Georgia Bennett
DATE: 11/04/2026
ADDRESS: 1601 East El Segundo Boulevard, 120 Kansas Street, 1591 East El Segundo Boulevard & 140 Kansas Street
MARKET: El Segundo, CA
ASSET TYPE: Industrial ~ ACRES: 2.99
BUYER: Smoky…
Cabot Properties just picked up a shovel-ready industrial site in Torrance.
@JLL arranged the sale of 19701 Hamilton Ave. from a Brookfield-backed fund to Cabot.
- 5.42 acres, fully entitled and permit-ready
- Approved for a 122,533 SF Class A industrial building
- South Bay Opportunity Zone near the Ports of LA and Long Beach
Advanced manufacturing demand keeps pushing into one of Southern California's tightest industrial submarkets.
SALE
IMAGE: Darren Weiss, Dustin B. Wilmer & Dean M. Klein
DATE: 11/03/2026
ADDRESS: 2930 West Rialto Avenue - Peppertree Mobile Home Park
MARKET: Rialto
ASSET TYPE: Mobile Home Park
BUYER: Darren Weiss & Ron Weiss - R.W. Investments
SELLER: The Jules M. Adger Trust…
SALE
IMAGE: Jim Buss
DATE: 10/12/2026
ADDRESS: 120 Montecito Ranch Lane
MARKET: Summerland, CA
ASSET TYPE: Single Family ~ ACRES: 19.78
BUYER: Jim Buss
BROKER: Calcagno & Hamilton Group - Berkshire Hathaway HomeServices California Properties
SALE PRICE: $45,000,000
SF…
Five pads at Eastvale Gateway South just traded for $18.32M.
CBRE arranged the sale of the 5.42-acre retail portfolio on Limonite Avenue, with properties occupied by Walgreens, Chevron, McDonald's, Taco Bell and a multi-tenant building.
- Combined 5.18% cap rate
- Inland Empire retail hub at Limonite and Hamner
- Multiple buyers; CBRE represented both sides
National credit tenants in a growing Inland Empire trade area.
LOAN
IMAGE: Austin Ghaderi & Bill Moyer
DATE: 10/28/2026
ADDRESS: 40 Jessie Street
MARKET: San Francisco
ASSET TYPE: Office
LENDER: Valley National Bank
BROKERS: Austin Ghaderi & Bill Moyer - CBRE
LOAN AMOUNT: $20,450,000
LOAN TYPE: Acquisition
SALE
IMAGE: Patrick Nadjat-Haiem, Sean Namvar, Greg Offsay, Caleb Morrison & Todd Nathanson
DATE: 10/14/2026
ADDRESS: 800 Mountain Avenue
MARKET: Ontario
ASSET TYPE: Commercial
SELLER: Patrick Nadjat-Haiem & Sean Namvar
BROKERS: Greg Offsay , Caleb Morrison & Todd…
