Courtesy of West Harbor
West Harbor in San Pedro, California
San Pedro waterfront mixed-use complex West Harbor has announced three new tenants in the $500M, 42-acre location at the Port of Los Angeles.
The three new additions include Wagbar, an approximately 21K SF off-leash dog park and social bar. The open space will also host dog-focused events, including rescue and adoption partnerships, as well as community programs.
Other tenants announced are Tierra Azul, a Baja California-inspired bar and grill, and Sno Swell, which sells frozen desserts. Box notes for food tenants are not disclosed.
PEOPLE
Southern California-based coworking company TailoredSpace has hired Garth Harris as chief operating officer. TailoredSpace operates more than 15 locations in the Inland Empire and Los Angeles, Orange and San Diego counties.
SALES
Amber Creek Associates LTD and Rosewood Associates LTD have sold Amberwood Apartments and Rosewood Apartments, respectively. Colliers announced the sale of a $37M portfolio in the northern San Diego County town of Fallbrook.
Amberwood, a 133-unit development at 923 Alturas Road, sold for about $24M. Rosewood, a 73-unit apartment complex at 338 Ammunition Road, sold for about $12M. Colliers’ Shane Shafer and Brian Anderson represented the sellers in the transaction.
***
Progressive Real Estate Partners’ Greg Bedell and Trinnie Lee represented an undisclosed Orange County-based investor in the sale of a 24K SF multitenant retail property at 24300-24320 Sunnymead Blvd. in Moreno Valley for $3M. An unnamed Orange County-based investor acquired the property.
***
A 22K SF, Class-A office building at 2392 Morse Ave in Irvine sold for $15.7M, or $707 per SF. The deal closed on October 1. Economos DeWolf secured the buyer and put the property into escrow before officially bringing it to market.
The property was previously the headquarters of RiverRock Real Estate Group, which was purchased by Lincoln Property Co. in 2023. Property records show Lincoln is the owner of the office property. Economos DeWolf represented the undisclosed buyer and seller in the transaction.
LEASES
Off-price retailer Ross Dress For Less signed a 115K SF office lease on Row DTLA, moving from Downtown’s central business district.
The new space is 110K SF of creative office space and 5K SF of exclusive rooftop space, according to a release from Row DTLA.
JLL’s Jaclyn Ward, Cassie Trosclair and Sarah Hancock represented Row DTLA in the transaction. CBRE’s John Zanetos and Kelli Snyder represented Ross. Terms of the lease were not disclosed.
CONSTRUCTION AND DEVELOPMENT
The $5B OC Vibe project in Anaheim has unveiled a 300-room hotel planned for the project, according to Urbanize LA. The hotel, called Sena, will be the first Marriott Autograph Collection hotel in Anaheim. It is expected to open in 2029. Plans also call for a new restaurant from chef Jose Andres.
***
National City Investment Group has broken ground on Market View, a 120-unit apartment project at 303 Highland Ave in National City. The development will transform the parking lot adjacent to the Manolo Farmers Market, which has been a residential complex in National City for more than 33 years.
The project was designed by RDC with RD Olson Construction as the general contractor and McCullough Landscape Architecture handling the landscape design. Called Market View, the development is expected to be completed in the first quarter of 2028.
FINANCING
JLL arranged a $210M refinancing for the Grand Hyatt Indian Wells Resort & Villas, a 531-key luxury resort located on 45 acres at 44600 Indian Wells Lane in Indian Wells, east of Palm Springs.
JLL acted on behalf of Trinity Investments to secure a five-year, floating rate, single-asset single-borrower CMBS loan through Citi. The Grand Hyatt Indian Wells Resort & Villas recently completed a $62M renovation and conversion to the Grand Hyatt.
The JLL team is led by Mike Huth and Jade Lewin, with oversight from Kevin Davis, Americas CEO for JLL’s hotels and hospitality group.
***
Lincoln Property Co. and McCourt Partners secured $132.7M in construction financing from OZK Bank for ElevenOneEleven, a mixed-use development in Culver City.
ElevenOneEleven is a six-story mixed-use development featuring 344 homes, including 52 affordable units, along with 2K SF of retail and 17K SF of public space. Lou Friedel and Keith Rosso of Berkadia arranged the financing for Lincoln and McCourt.