| Omninet Closes Two L.A. Area Office Buys in Deals Totaling $78 Mil
Omninet, a Beverly Hills-based venture capital firm, has acquired two L.A. area office properties in deals totaling $78 mil. The properties, Park Del Amo in Torrance and Commerce Plaza in the City of Commerce, were acquired f...
| Armata Pharmaceuticals Renews 35k sf Marina del Rey Space
Armata Pharmaceuticals (Armata), a clinical-stage biotechnology company, has renewed its lease for 35.5k sf of space at 4503 Glencoe Ave, within the Marina Business Center in Marina Del Rey. Armata, formerly C3 Jian, is focus...
| The Salvation Army Spends $13 Mil on Carson Building
The Salvation Army bought a 50k sf, R&D/flex office building in Carson in a recent $13.05 mil ($261/sf) deal. The building is located at 16941 Keegan Ave, north of the 91 Fwy and west of Central Ave within the South Bay indus...
| First Industrial Realty Trust Acquires Rancho Dominguez Property for Redevelopment
First Industrial Realty Trust recently picked up two industrial warehouses totaling more than 85k sf in L.A.’s Rancho Dominguez area for $14.35 mil, or $169/sf. The property, located at 19400 and 19302 S. Laurel P...
| Paramount Multifamily Property Purchased for $4.7 Mil by Exchange Investor
Capetown Village, an 18-unit multifamily property in Paramount, was purchased by a private investor for $4.7 mil, or $261k/unit.
Located at 7205 Motz St, Capetown Village was originally constructed in 1986 and is comprised ...
| Unique Pacific Palisades Coastal Vineyard Property Hits the Market
We’ve learned of an opportunity to acquire a unique, 1.5-acre coastal vineyard estate with a storied past in the SoCal community of Pacific Palisades. The property is perched on a crest overlooking Las Pulgas Canyon and the P...
| Apartment Property in Studio City Sells for Almost $400k/Unit
A 1031 exchange investor purchased Laurel Towers, a 20-unit apartment complex in Studio City, for $7.9 mil ($395k/unit). The apartment community is located at 12100 Valley Spring Lane, one block from Ventura Blvd at Ventura P...
| Greystone Provides $116 Mil in Freddie Mac Loans on Three L.A. Res Portfolios
Here’s a quick Freddie Mac multifamily financing update, as Greystone has provided $116.4 mil in Freddie Mac loans to refinance three separate portfolios. The portfolios contained a total of 34 workforce housing properties, a...
| Apartment Building in L.A.’s Highland Park Area Trades for Almost $400k/Unit
The Abbott, a fully occupied six-unit apartment property in Los Angeles’ Highland Park neighborhood, was purchased by a Los Angeles-based private investor for $2.375 mil, or $396k/unit. The property is located at 400 N Avenue...
| Industrial Property in West Los Angeles Sells for $590/sf
A private investor from West L.A. paid $5 mil for a 6.5k sf industrial building with excess land located at 2133 and 2143 Pontius Ave, at the northwest corner with Olympic Blvd, just east of the 405 Fwy. We’re told this was a...
| Trammell Crow Company and Clarion Partners Acquire Final Phase Land at The Center at Needham Ranch
Trammell Crow Company (TCC) and Clarion Partners LLC acquired the remaining 137-acre portion of land for The Center at Needham Ranch in Santa Clarita.
The Center at Needham Ranch is a master-planned, 252-acre ...
| Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
Following Mayor Garcetti’s “Safer at Home” Order, the Los Angeles Better Buildings Challenge (LABBC) recently celebrated its 6th Annual Innovation Awards virtually, presenting the city’s most prestigious sustainability prizes...
| Rexford Industrial Realty Spends $21 Mil on Fully Leased Asset in the City of Commerce
Rexford Industrial Realty Inc has closed on another SoCal industrial buy, paying $21 mil for a 120k sf ($175/sf) facility located at 6687 Flotilla St, east of Garfield Ave and south of Olympic Blvd in the City of Commerce. Th...
| Historic Pottery Barn Building in Pasadena Sold in a Deal Valued at $519/sf
A private investor purchased the historic Pottery Barn building in Pasadena’s popular Old Town area for $16.1 mil. The five-story, 31k sf ($519/sf) building is located at the intersection of Colorado Blvd and Fair Oaks Ave, a...
| Unique Bungalow Res Community in L.A.’s Highland Park Sells for over $400k/Unit
The Cottage Club, an iconic rental community consisting of eight stand-alone cottages in L.A.’s Highland Park neighborhood, was acquired by a local 1031 exchange investor for $3.22 mil ($402.5k/unit). The property is located ...
| Wilmington Building Sells for $1.1 Mil
A 12.1k sf, net-leased property in Los Angeles sold for $1.085 mil ($90/sf). The property is located at the signalized, southeast corner of Pacific Coast Highway and Neptune Ave, in the city of Wilmington.
The property had ...
| 315k sf Class A Office Asset in Pasadena Sells
A 315k sf, Class A office asset in Pasadena has just sold. The five-story property, built in 1974, sits on a 2.88-acre site at 101 S. Marengo, on the south side of Colorado Blvd and just east of Arroyo Pkwy.
The deal price w...
| Owner/User Spends $5.5 Mil on Whittier Industrial Facility
A 32k sf, freestanding industrial building in Whittier was acquired by a private investor for $5.5 mil, or $172/sf. The asset was sold by a company that manufactured racking systems for the grocery industry and vacated the pr...
| Two Retail Buildings in L.A. County Sell in Deals Totaling $4.8 Mil
Two vacant L.A. County retail buildings totaling 13.6k sf have sold in deals totaling $4.775 mil ($351/sf).
In one of the deals, an 8.1k sf building at 11732 Rosecrans Ave in Norwalk was purchased by Happy Sky Inc. The pro...
| Redondo Beach Apartment Property Sells for $475k/Unit
In a recent multifamily comp from L.A.’s South Bay region, a four-unit apartment property in Redondo Beach sold for $1.9 mil, or $475k/unit. The property is located at 2523 Voorhees Ave, west of Inglewood Ave and north of Art...