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CBRE has announced the sale of The Shops at Hancock Lofts, a 10,513-square-foot retail condo property located at 8759, 8761, and 8763 Santa Monica Boulevard in West Hollywood, California. The asset sold for $13 million to Goodyear Investments, LLC – a private investor that completed the sale to satisfy a 1031-exchange. Goodyear Investments, LLC was represented by Pegasus Investments on both the acquisition and debt origination.CBRE’s Patrick Wade and Alex Kozakov represented the seller and institutional owner in the transaction.The Shops at Hancock Lofts is fully leased to a strong...

The 35,616-square-foot building that’s home to a Tesla Collision Center in Irvine sold May 28 for $21 million. SRS Real Estate Partners said Tesla has a 10-year triple net lease with options to extend at 18011 Mitchell South. The seller was North Palisade Partners, a Los Angeles-based developer. The buyer, Np Mitchell LLC, was represented by Costa Mesa-based Tidemark Real Estate. SRS Capital Markets Senior Vice President Pat Weibel said the property offered up a well-known tenant in “an affluent demographic base in the heart of Orange County, on the border...

By Austin Metoyer, Downtown Long Beach Alliance CEO and president, contributing writer  As we move through the second half of our fiscal year, we recently released our Midyear Update highlighting the energy in Downtown Long Beach that continues to evolve. From October 2024 to March 2025, we’ve seen meaningful progress, yet we know new challenges are on the horizon. Firstly, what stands out most has been a renewed sense of momentum, driven by people returning to our downtown — not just from across the city, but from surrounding regions as well. Some...