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• Sugarpill Cosmetics Leases 10.5k sf in L.A.’s Cypress Park Neighborhood
5/28/19
Los Angeles-based Sugarpill Cosmetics recently inked a five-year lease for 10.5k sf of flex/industrial space in LA’s Cypress Park neighborhood. The property is at 646 N. San Fernando Rd, directly north of the intersection of...
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• Westwood Apartment Building Sells for Over $900k/Unit
5/28/19
A private investor paid $13.7 mil for a 15-unit ($913k/unit) multifamily property in Westwood, in an off-market deal. The property is located at 10630 Wilkins Ave, east of Westwood Blvd between Wilshire and Santa Monica Blvds...
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• Community Preservation Partners Completes Rehabilitation of 48-Unit Low-Income Housing Portfolio in Los Angeles
5/28/19
Community Preservation Partners (CPP) has completed an $11.9 mil rehabilitation of The Curtis Johnson Apartments, a six-building, 48-unit low-income residential portfolio in and around the Vermont Harbor neighborhood of Los A...
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• $46 Mil Gershwin Sale Provides Local Investor Opportunity to Compose New Value at Hollywood Asset
5/24/19
The Gershwin Apartments, a 172-unit, mixed-use development in Hollywood, was acquired by a local real estate entity for $46 mil in a transaction that took just 35 days to close escrow. The property is located at 5533 Hollywoo...
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• Downtown L.A. Site Sells for $10.2 Mil
5/24/19
An industrial property in Los Angeles leased to Avis/Budget and used as a truck leasing center sold for $10.25 mil. The property, located at 1910 E. Washington Blvd, south of I-10 and just east of Alameda St in the southern ...
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• Long Beach Apartment Property Sells for almost $300k/Unit
5/23/19
A two-building, six-unit apartment property in Long Beach sold for $1.775 mil ($296k/unit). The property, located at 1969 Cedar Ave in the city’s South Wrigley submarket, was purchased by a Los Angeles-based private investor....
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• Columbia Pacific Advisors Provides $17.6 Mil for Building Purchase and Two Other Property Repositioning Projects in the L.A. Area
5/22/19
Columbia Pacific Advisors through its real estate lending platform has provided a Southern California-based retail investor with a $17.6 mil bridge loan to finance the acquisition of a two-story, 43k sf, mixed-use creative of...
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• Upscale Mixed-Use Complex Opens Its Doors in Burbank’s Media District
5/22/19
Talaria Burbank, a new mixed-use development in Burbank, has opened its doors and is welcoming new residents. Developed by Cusumano Real Estate Group, Talaria features 241 designer apartment homes, anchored by a 42k sf Whole ...
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• Manhattan Village Inks Two New Restaurant Tenants
5/20/19
Two new restaurants have signed leases at Manhattan Village, the 44-acre, 573k sf indoor/outdoor retail center in the affluent South Bay city of Manhattan Beach owned by DWS Group. These latest deals are with dan by ROC (Repu...
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• Office Tower in L.A.’s Brentwood Neighborhood Purchased for $58 Mil
5/17/19
Brentwood Gateway, a 10-story, 104.7k sf office tower in Los Angeles’ Brentwood neighborhood, was acquired by Sargossa LLC, an affiliate of Fortress Investment Group, in a $58 mil ($554/sf) transaction. Built in 1977, the Cla...
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• Moulton Logistics Management Inc Renews 255k sf of Industrial Space in Van Nuys
5/17/19
Moulton Logistics Management Inc renewed leases totaling 255.4k sf of industrial space at two adjacent properties located in Van Nuys. Moulton – an order fulfillment & logistics provider founded in 1968 and headquartered in V...
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• Cerritos Bank-Occupied Building Trades for $1,250/sf
5/17/19
A 5.2k sf, absolute, NNN-leased single-tenant retail property in Cerritos sold for $6.5 mil, or $1,250/sf. The property, located at 11355 South St, is fully occupied by Comerica Bank.
Built in 1974, the property includes 1.2...
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• Rexford Industrial Realty Spends $30 Mil on Two LA Area Industrial Buys
5/16/19
Rexford Industrial Realty Inc recently acquired two industrial properties for a combined price tag of $30.3 mil. The LA-area acquisitions, in the central San Fernando Valley and in Rancho Dominguez, were funded using cash on ...
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• IDEAL Capital Group and Aegon Real Assets US Acquire 105-Unit Res Asset in Redondo Beach
5/14/19
A joint venture between IDEAL Capital Group and Aegon Real Assets US has acquired Novella Redondo, a 105-unit apartment property in Redondo Beach. IDEAL Capital Group is a Clovis, CA-based real estate investment firm based in...
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• Recently Constructed SoCal DaVita Facility Sells for $670/sf
5/09/19
An 11.5k sf, freestanding, single-tenant medical facility in Carson has sold for $7.7 mil ($670/sf). The recently constructed building is leased to a DaVita affiliate and guaranteed by DaVita Inc.
The building is located at...
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• Venice Mixed-Use Building Sells for Almost $1,000/sf
5/07/19
BrandView Capital Partners paid $7.15 mil for 62‐66 Windward Ave, a 7.5k sf ($957/sf) retail and creative office building in Venice. Situated just steps from the beach and the world‐renowned Venice Boardwalk, the ...
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• Two 1950s Apartment Buildings in West Hollywood Sell for Around $400k/Unit
5/06/19
Here’s some comp info on two recent multifamily sales in West Hollywood. The properties that traded total 34 units and sold for a combined $13.6 mil.
In one of the deals, and 18-unit property at 8450 De Longpre sold for $7.6...
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• Valencia Pipe Company Leases 171k sf HQ Space in Valencia
5/02/19
Valencia Pipe Company Inc, a division of VPC Global, leased 171k sf at Vista Business Park in Valencia, in a deal worth $10.1 mil. The Class A property, located at 28305 Livingston Ave, will serve as the company’s new headqua...
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• TA Realty Spends $138 Mil for El Segundo Office Tower
5/02/19
Boston-based TA Realty closed on a large LA-area office buy, paying $138.5 mil for 101 Continental, a soon to be vacant office tower totaling 340k sf ($407/sf) in El Segundo. The property was sold by Phoenix-based VEREIT Inc....
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• Warner Center Office Tower to Undergo $50 Mil Makeover
5/01/19
An extensive revamp of Warner Landmark, a 12-story office tower located at 21555 Oxnard St in the heart of Woodland Hills, is expected to start in January 2020. The project is being undertaken by the property’s private owners...
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