Tag: SoCal

  • Stockbridge Pays $142M for SoCal Industrial Portfolio

    Stockbridge Pays $142M for SoCal Industrial Portfolio

    [ad_1] The 3351 E. Philadelphia St. property in Ontario, Calif., is a food-grade warehouse completed in 1998. Image courtesy of CommercialEdge San Francisco–based Stockbridge has purchased a two-property, 540,478-square-foot Class A industrial portfolio in Southern California’s Inland Empire from Principal Asset Management for $142.3 million. Cushman & Wakefield advised on the transaction and sourced the…

  • SoCal Industrial Conference in Los Angeles

    SoCal Industrial Conference in Los Angeles

    [ad_1] Why You Won’t Want To Miss This Industrial & Logistics CRE Conference: What You’ll Learn From This Commercial Real Estate Summit: How are developers working to mitigate the supply and demand imbalance for industrial space?  What types of tenants have the most demand for space and what types of developments are they looking for?…

  • First Industrial Realty Buys Goodyear Industrial Property in SoCal for $25M – Commercial Observer

    First Industrial Realty Buys Goodyear Industrial Property in SoCal for $25M – Commercial Observer

    [ad_1] First Industrial Realty Trust has purchased an industrial property in Southern California from Goodyear Tire & Rubber Company, according to records sourced from Vizzda. The El Segundo-based REIT bought the 67,315-square-foot property, at 13351 12th Street in Chino, in California’s Inland Empire, for $25 million. That’s equal to about $371 per square foot, well…

  • Staley Point, Bain Profit on Sale of SoCal Industrial Sites

    Staley Point, Bain Profit on Sale of SoCal Industrial Sites

    [ad_1] Staley Point Capital and Bain Capital Real Estate aren’t letting a slow commercial market hinder them from executing their business plan.  The firms’ joint venture sold two industrial properties — one in Santa Fe Springs, the other in the Orange County city of Brea — for a combined $54 million, or about $339 per…