Remote Surveillance Trailer in Torrance, CA

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BELLEVUE, Wash., August 10, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Torrance, California on August 7, 2026 for a purchase price of approximately $14.7 million.

The property consists of one industrial distribution building containing approximately 36,000 square feet on 1.7 acres. The property is at 20701 Manhattan Place, west of I-405, and provides six dock-high and two grade-level loading positions and parking for 87 cars. The building is 100% leased to one tenant through November 30, 2026. Terreno Realty Corporation has executed a lease for 100% of the building with a builder of floating sensors for autonomous maritime drones that will commence December 1, 2026 and expire February 2030. The estimated stabilized cap rate is 6.0%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260730086889/en/

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Jaime Cannon415-655-4580

TORRANCE, Calif. (KABC) -- A Torrance condominium owner says he was shocked to learn he would be charged more than $49,000 as part of a special assessment approved by his homeowners' association, a fee being levied on all owners in the 499-unit complex.

Stephen Wang said the assessment stems from a series of major repair projects at the property.

"I was shocked, as most of the residents here are," Wang said.

According to Wang, every owner in the complex received the same assessment to help cover the cost of repairs and upgrades.

He said the work includes rebuilding the complex's podium, re-piping the property and repairing elevators.

"The HOA decided to redo the whole podium, the entire podium, and that became a $13 million project, and plus the re-piping and the elevators, so it came up to $19 million," Wang said.

The Torrance assessment follows concerns raised by homeowners in a San Clemente community who were dealing with a $25,000-per-unit special assessment. ABC7 On Your Side Investigates received an overwhelming response from viewers who said they were facing similar issues with their homeowners associations after our San Clemente report last week.

SEE ALSO: San Clemente condo owners stunned by sudden $26,000 HOA fee for emergency roof assessment

Attorney and HOA expert Michael Kushner, managing partner at MBK Chapman, said he is seeing a significant increase in special assessments, largely because of rising insurance costs and California's new balcony inspection law. In some cases, however, he said HOAs overstep their authority.

"It is a very lopsided relationship, just by virtue of the fact that the HOA has got everybody's money to play with, and the HOA has authority to issue discipline," Kushner said.

Kushner said disputes can become contentious because California does not have a regulatory agency that oversees homeowners associations.

He noted that the Davis-Stirling Act establishes rules for HOAs and provides protections for homeowners, but said some provisions should be clarified and expanded.

"There's no such thing as a perfect statute. And so HOAs will routinely take advantage of non-bright lines of a vague language, or lines that aren't too bright, to do what they want to do anyway," Kushner said.

Kushner said the issue is particularly evident with special and emergency assessments, which can result in substantial fees and disputes over laws requiring approval from HOA members.

Homeowners who believe their association is not following the law may ultimately have to take the matter to court, he said.

"When it's a homeowner trying to protect their rights, yeah, the only way they're gonna be able to force an HOA to follow the law is to sue them," Kushner said.

The homeowners in the Torrance complex have taken that step, filing a lawsuit and working to recall the HOA board.

Kushner said HOA members should read the annual financial disclosures that associations are required to provide and pay particular attention to the percentage-funded figure. If it is below 55%, homeowners should raise concerns.

He also recommended that homeowners put all communications in writing, attend HOA meetings and remain involved in association decisions.

Bottom line -- being involved is your best financial protection.

Justin Herbert and Derwin James, Jr., now stand tall in the City of Torrance.

Renowned artist Robert Vargas unveiled an awe-inspiring Chargers mural in Torrance to celebrate the start of the Bolts 2026 season.

Titled "The Storm Is Coming," Vargas' epic mural on the north side of the DoubleTree by Hilton Hotel was presented on Tuesday morning.

"We're kicking off the season right here in the South Bay, painting it into existence. I see a championship in the near future. It's going to happen," Vargas said Tuesday.

Here are five facts about Vargas' epic, 130-foot-high mural:

How did this idea come to fruition?

The mural was years in the making.

After years of a relationship between members of the organization and Vargas, the plan for the mural came to be naturally over time.

Chargers SVP, Brand Marketing and Creative Jason Lavine said Tuesday that when the two sides got to know each other more and more over the years, they knew they worked together well.

"We authentically work together so well and there was so much symmetry there," Lavine said. "When Robert came to us and said, 'Hey, we want to make you our next big sports mural of Los Angeles,' there's nothing to be but humbled and honored by that opportunity."

Vargas added that years of collaborations and dialogue led to something that's much more than a mural.

"This idea came to fruition a couple of years ago," Vargas said on Tuesday. "We had been talking about collaborating and doing something unique.

Vargas added: "Not just a mural, but making a monument, something that would illuminate and foster community pride."

What was the process of naming it "The Storm is Coming?"

It was fairly simple — Vargas knew since Day One what the name was going to be.

"I thought about this title back when we first started talking about this mural two years ago," Vargas said.

The name captures all of it, from the players being displayed in Herbert and James to the message it's portraying.

Not to mention, the scene was perfect timing as well as it was being presented while surrounded by cloudy skies and intermittent rain on Tuesday morning in Torrance.

"That's always been the title of the piece," Vargas said with a smile. "Of course there was a thunderstorm [today], bolts are raining down on the wall."

Artistic risk-takers, innovators and art lovers from around the world will gather in Torrance, California August 7-9, 2026, for Tryst, an alternative to the established commercial art scene. The international fair and conference, now in its fourth year, invites experimentation, provides a support system for artist-run spaces and collectives and offers opportunities to purchase original artworks.

Organized by the Torrance Art Museum in partnership with the City of Torrance, the free event will include performances and discussions about partnerships and programs for artists. Dozens of participants from California will join those from across the U.S. and international locations, including Vienna; São Paulo; Bogota, Columbia; Berlin and Athens, Greece. Tryst is the largest international art fair for artist-run spaces in the world.

“Tryst is both an art fair and an international conference addressing the needs and future of global exchange for artist-run spaces, collectives and organizations,” explained Max Presneill, director of the Torrance Art Museum. “Tryst lives up to its name as it brings together art lovers and artists for a brief encounter among a flurry of activities. We encourage everyone to network, exchange ideas, make new friends and plan for a collaborative future together.”

Tryst is dedicated to introducing international artists to new Los Angeles audiences and increasing interactions between artist-run spaces and the general public. To support artist-run spaces and experimental projects, Tryst is free for those looking to buy art and free for the artists, who also keep 100 percent of any sales they make. Visitors can expect to find painting, sculpture, photography, video, installation and more in an informal and enthusiastic environment.

Those eager to add original art to their lives will find a range of prices. Prices range from $100 to over $10,000.

Tryst 2026 will take place at Del Amo Crossing, 21535 Hawthorne Blvd., in Torrance, California, within the greater Los Angeles area. The event will be open to the public on Saturday, Aug. 8 and Sunday, Aug. 9 from noon to 6 p.m.

Running concurrently in the same space, Nomad provides individual artists based in Southern California an opportunity to present their art. Nomad will feature more than 150 artists.

More information on Tryst is available at https://www.torranceartmuseum.com/tryst-2026.

Torrance Art Museum, located at 3320 Civic Center Drive in Torrance, California, is the premier visual art space to view contemporary art in the South Bay. The Museum encourages all people to develop and increase their understanding and appreciation for modern and contemporary artwork via a variety of exhibitions offered in its two gallery spaces, as well as educational programs, artist talks, lectures and symposia. Two galleries and a video darkroom exhibition space form the artistic core of the nearly 10,000-square-foot museum.

The museum is a program of the City of Torrance Cultural Services Division of the Community Services Department. Admission is free. Learn more at torranceartmuseum.com

Torrance TartarsVarsity Flag Football Torrance, CA58Followers

26-27

Overall

13-7

League

1-3

CA Rank

98

2026-27 V. Flag Football

Torrance Girls Flag Football Schedule

2026-27

Overall13-70.650 Win Pct

League1-30.250 Win Pct

Home6-3Away3-4Neutral4-0

PF302PA178Streak1L

* League** Playoffs*** Tournament

Schedule CorrectionScore CorrectionAll School Events

Torrance High School 2200 W Carson StTorrance, CA 90501

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