Commerce
Lionheart Arranges Senior Loan for Commerce Mixed-Use Project
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, closed on a $50-million senior loan for Modelo, a 13.8-acre master-planned… Read more
Terreno Acquires Santa Ana Home Depot Store and Warehouse
Bellevue, WA-based Terreno Realty Corporation acquired an industrial property located in Santa Ana and leased to a home improvement retailer,… Read more
Palisade Pays $97M to Buy Five-Building Industrial from Terreno
Palisade Group has acquired Garfield Business Center in Commerce for $97 million. The property was acquired through a joint venture with vehicles… Read more
Bridge Logistics Acquires Commerce Site for Lease and Development
Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc., acquired a 5.6-acre site at 4542 Dunham in Commerce.… Read more
Commerce Industrial Lands Refi at Lower Rate
Marcus & Millichap Capital Corporation (MMCC) arranged $3.8 million for the refinancing of a 34,617-square-foot industrial property located at 2604… Read more
Transwestern Brokers Showroom and Storage Lease for Abell Auction
Transwestern Real Estate Services brokered a 14,117-square-foot lease for Abell Auction Company at 6620 Telegraph Rd. in Commerce. Abell will use the… Read more
99 Cents Only Stores Closing All 371 Locations
Commerce, CA-based 99 Cents Only Stores LLC said Thursday afternoon it would close all 371 of its stores. The company entered… Read more
Smart & Final Extra Opening in Temecula
Grocery warehouse chain Smart & Final is bringing its Smart & Final Extra! concept to the Southern Inland Empire. The… Read more
Longpoint Acquires Trio of LA Industrial Properties
Boston-based real estate private equity firm Longpoint has acquired three industrial buildings in Los Angeles County totaling 321,479 square feet. They include… Read more
Leasing Veteran Drew Netherton Joins Cresa in OC
Drew Netherton has joined Cresa as a principal with its Orange County office. An industry veteran and native of Southern California,… Read more
3PL Lease Highlights Continued Demand for LA Industrial
Confirming continued demand for industrial space in the Los Angeles area, third-party logistics firm LAX Freight Delivery, Inc. has signed… Read more
Dart Warehouse, 99 Cents Only Stores Complete $190M Sale-Leaseback
In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an… Read more
Energy Firm Signs Ground Lease, Acquires Adjacent Site
Commerce Energy Storage, LLC has signed a long-term ground lease for a 50,073-square-foot building located on 4.78 acres at 6920… Read more
City Ventures Unveils Rosewood Village in Commerce
Commerce, CA Mayor Oralia Rebollo recently joined multifamily homebuilder City Ventures for a grand opening celebration of Rosewood Village, a… Read more
Gallo Wines Closes In-House Distributor, Lays-Off 350 Workers
Modesto, CA-based E. & J. Gallo Winery, the largest winery by sales volume in the U.S., is shutting down its… Read more
Sonnenblick-Eichner Co. Arranges $22M Refi of LA Doubletree
Beverly Hills, CA-based real estate investment banking firm Sonnenblick-Eichner Company has arranged $22 million of non-recourse, first mortgage financing for… Read more
Rexford Acquires Commerce Industrial Portfolio for $91.5M
Rexford Industrial Realty has acquired a pair of industrial properties in Commerce, CA for $91.5 million in a transaction arranged… Read more
Comstock to Build 850-Unit, Mixed-Use Community in Commerce
The Commerce, CA City Council has approved Modelo, a mixed-use project consisting of 850 residences, recreational and entertainment retail spaces,… Read more
Omninet Capital Claims Torrance, Commerce Office Complexes for $80M
NKF completed a pair of office deals in SoCal totaling nearly $80 million. One transaction was in Torrance, the other… Read more