San Pedro waterfront mixed-use complex West Harbor has announced three new tenants at the $500M, 42-acre destination 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-air space will also host dog-focused events, including rescue and adoption partnerships, as well as community programming.
Other announced tenants are Tierra Azul, a Baja California-inspired bar and grill, and Sno Swell, which sells frozen desserts. Square footage for the food tenants was not disclosed.
PEOPLE
Southern California-based coworking company TailoredSpace has hired Garth Harris as chief operations 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 approximately $37M portfolio sale in the northern San Diego County city of Fallbrook.
Amberwood, a 133-unit development at 923 Alturas Road, sold for roughly $24M. Rosewood, a 73-unit apartment complex at 338 Ammunition Road, sold for approximately $12M. Colliers' Shane Shafer and Brian Anderson represented the sellers in the transactions.
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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.
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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 Oct. 1. Economos DeWolf secured the buyer and put the property into escrow before it was formally brought to market.
The property was formerly the headquarters of RiverRock Real Estate Group, which was acquired by Lincoln Property Co. in 2023. Property records show Lincoln as the owner of the office property. Economos DeWolf represented the undisclosed buyer and the seller in the transaction.
LEASES
Off-price retailer Ross Dress For Less signed a 115K SF office lease at Row DTLA, relocating 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. The 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, would 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.
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The 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 a parking lot adjacent to Manolo Farmers Market, a neighborhood staple serving National City for more than 33 years, into a residential complex.
The project was designed by RDC with R.D. Olson Construction as the general contractor and McCullough Landscape Architecture handling landscape design. Called Market View, the development is expected to be complete in the first quarter of 2028.
FINANCING
JLL arranged $210M in refinancing for the Grand Hyatt Indian Wells Resort & Villas, a 531-key luxury resort situated on 45 acres at 44600 Indian Wells Lane in Indian Wells, east of Palm Springs.
JLL worked on behalf of Trinity Investments to secure the 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 was led by Mike Huth and Jade Lewin, with oversight from Kevin Davis, Americas CEO for JLL’s hotels and hospitality group.
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Lincoln Property Co. and McCourt Partners secured $132.7M in construction financing from Bank OZK for ElevenOneEleven, a mixed-use development in Culver City.
ElevenOneEleven is a planned six-story mixed-use development featuring 344 residences, including 52 affordable units, along with 2K SF of retail and 17K SF of public outdoor space. Berkadia’s Lou Friedel and Keith Rosso arranged the financing on behalf of Lincoln and McCourt.
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