Westside Rentals, a popular rental service used widely across Southern California, has been acquired by Apartments.com, a division of CoStar Group. Terms were not disclosed. Westside Rentals has been operating in the Southern California market for 20 years. The company had some 85,000 members in 2016 seeking rentals in the region and more than 350,000 Southern California landlords. Westside Rentals will continue to operate out of its Santa Monica headquarters, and their rental listings will be channeled into the Apartments.com network. The deal means Westside Rentals’ will no longer focus on brokerage sales and leasing services, which it launched last year.
Santa Ana-based SVA Architects on Feb. 16 will take part in a groundbreaking for a mixed-use apartment community it designed in El Monte. The firm will be joined by officials with the city and the El Monte Gateway development team. The project, also known as Parcel 4, is composed of market-rate apartments with ground floor commercial and retail uses. It is part of the El Monte Gateway Master Plan – a walkable and transit-friendly district with linkage to bike trails along Rio Hondo River. The four-story building on 2.33 acres will have two levels of parking (one underground). It also includes large outdoor dining and sitting areas adjacent to retail.
Matthews Real Estate Investment Services in El Segundo is expanding to Costa Mesa. The new office will help facilitate the company’s growth plan. Leading the Costa Mesa location will be Aron Cline, senior vice president and senior director . The office is at 3200 Park Center Drive, Suite 520.
Cushman & Wakefield’s Irvine office negotiated three deals in recent days. They include:
• The sale of Taylor-Dunn’s industrial site in Anaheim to Costa Mesa-based S&A Management. Jeff Chiate and Mike Adey with Cushman & Wakefield’s National Industrial Advisory Group in Irvine represented both buyer and seller in the transaction, with Rick Ellison and Randy Ellison, also of the firm’s Irvine office, providing local market input. Situated on a 7-acre industrial site, the facility includes a two-story office building at 2100 West Ball Road and a 156,054-square-foot manufacturing building at 2114 West Ball Road. The deal should not have any impact on the operations at Taylor-Dunn, which has been engineering and manufacturing vehicles from its location on West Ball Road for over 65 years.
• Terreno Realty Corp. has fully leased an 89,919-square-foot industrial building in Corona to Wellco Industries. Rick Ellison and Brett Lockwood of Cushman & Wakefield’s Irvine office represented the undisclosed landlord in the transaction. Vista-based Wellco creates and promotes products for construction, electricity and landscape design. It signed a long-term deal and will use the facility for e-commerce.
• Phoenix-based Climatec signed a lease at Axis, a five-building office campus in Anaheim. The privately owned building-technologies provider will be relocating and expanding its local office from nearby Irvine. Axis, owned by the Seligman Group, is run by Pendulum Property Partners – a newly formed owner, operator and developer. John Harty and Jason Ward with Cushman & Wakefield represented the landlord. Terms were not disclosed.
Scott Stowell has been appointed board chair for HomeAid America, a building industry charity in Newport Beach. Stowell is the executive chairman of the board for CalAtlantic Group, a publicly traded homebuilder. He was instrumental in the creation of CalAtlantic through the merger of Standard Pacific Homes and Ryland Homes in 2015.
Tyler Martin has been hired at Institutional Property Advisors, a division of Marcus & Millichap in Newport Beach. Martin will be an IPA multifamily adviser focusing his efforts in the Orange County institutional market. He will partner with Alexander Garcia Jr. and Christopher Zorbas, both IPA senior directors, and David Sperling, IPA director, covering the Inland Empire and San Diego.
NeighborWorks Orange County in Orange is hosting an Individual Development Empowerment Account Open House for all community partners such as lenders, Realtors and other nonprofits. The open house is from 3:30 to 4:30 p.m. Feb. 16 in the Multipurpose Room at NeighborWorks, 128 East Katella Ave. in Orange. For more information, contact education manager Sahara Garcia at 714-408-9333 or email her at saharag@nwoc.org.
Mission Viejo residents with low to moderate income can get help from the city’s Housing Rehabilitation Program. Residents can make heating, plumbing and driveway repairs, install new roofs, add a new coat of exterior paint to improve the home’s appearance, replace windows and doors and make energy-conservation repairs, among others. The program provides technical and financial assistance to qualifying residents who are owner/occupants of single-family homes in the city. Participants can get zero percent financing (up to $25,000) for home repairs and do not have to pay monthly payments; the loans are paid back when the home is sold or refinanced, title is transferred or the owners no longer reside in the home. For information about the program, call 949-470-3026.
The briefs are compiled by contributing writer Karen Levin and edited by Samantha Gowen, business editor at the Register.
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