| Embarcadero Capital Partners Lands $22.4 Mil in Financing for West L.A. Office Project
Embarcadero Capital Partners (ECP) has obtained $22.4 mil financing for Campus 56, a 51.4k sf office redevelopment project in Los Angeles. The loan was arranged by CBRE Capital Markets’ Debt & Structured Finance team.
| Deka Immobilien Buys DTLA Class A Office Tower
Deka Immobilien, a global real estate investment company based in Germany, is closing out the year with the off-market purchase of 915 Wilshire, a 22-story, 388.1k sf Class A office building in the heart of Downtown Los Angel...
| Retail Center in L.A.’s Koreatown Goes for $719/sf
An 80k sf shopping center in Los Angeles’s Koreatown was purchased for $57.5 mil ($719/sf) by a private investment company. The three-story property, California Marketplace, is located at 450 South Western Ave, about two bloc...
| SAFCO Capital Corporation Pays $16 Mil for L.A. Area Industrial Project
SAFCO Capital Corporation paid $15.9 mil for Paramount Business Park, a 63.2k sf ($252/sf) two-building, multi-tenant industrial project in Paramount. The asset was sold by Marcus Adams Properties LLC and Excelsior Partners L...
| Wakeland Housing and Development Corporation Breaks Ground on Two L.A. Affordable Housing Communities
Wakeland Housing and Development Corporation has broken ground on two Los Angeles affordable housing communities. The projects - the 54-unit Amani Apartments and 43-unit Chesterfield Apartments - will bring much-needed low-co...
| Cityview Locks in Financing for $125 Mil Mixed-Use Project Near USC
Cityview has secured funding for Adams & Grand, a $125 mil mixed-use project located in an opportunity zone near the University of Southern California (USC) in Los Angeles. Funded with capital from opportunity zone investors,...
| Rexford Industrial Realty Completes $154 Mil San Fernando Valley Portfolio Buy
Rexford Industrial Realty Inc recently closed on a $154.6 mil industrial property portfolio acquisition. The off-market purchase was of Van Nuys Airport Industrial Center, an 18-building portfolio located in the central San F...
| Harman International Industries Inks Renewal for 164k sf Facility in the San Fernando Valley
Harman International Industries, out of Stamford, CT, has renewed its lease for a 163.9k sf creative office/industrial facility in the West San Fernando Valley. The firm, a global leader in connected car technology and lifest...
| West L.A. Multifamily Sale Comps at $356k per Unit
In a recent multifamily sales comp from L.A.’s Westside, an eight-unit property traded for $2.85 mil, or $356k per unit. The property, located at 1332 Wellesley Ave, south of Wilshire Blvd, north of Santa Monica Blvd, and wes...
| Long Beach Apartment Building Trades in $2.4 Mil Transaction
An eight-unit apartment property in Long Beach sold for $2.4 mil, or $300k/unit. The closing cap rate was 5.6% and the gross rent multiplier was 12.3.
Built in 1986, the two-story building is located at 1066 Coronado Ave, in...
| Draftsmen & Craftsmen
Work has been completed on the new Bachmann Collaboration Building at Flintridge Preparatory School in La Cañada Flintridge. Serving grades seven through 12, the new 18k sf, three-story building includes laboratories, art stu...
| Cosmetics Firm Buys San Fernando Valley Warehouse
Lab 3 Cosmetics paid $6.5 mil for a 27.7k sf warehouse in the western San Fernando Valley. The property, located at 9655 Irondale Ave in Chatsworth, will support the cosmetic manufacturer’s expansion. Lab 3 Cosmetics is rapid...
| Raintree Partners Buys SoCal Multifamily Portfolio for $142 Mil
Raintree Partners closed on the acquisition of the LAVVA Portfolio (Los Angeles & Ventura Value Add Portfolio) in a $142 mil transaction. The sale, consisting of five properties totaling 551 units in Canoga Park, Camarillo, ...
| LA North Studios Leases 113k sf Facility at The Center at Needham Ranch
LA North Studios, one of Santa Clarita's newest and largest sound stage facility and studio operators, has signed a five-year lease to take over 113.6k sf at Building 5 at The Center at Needham Ranch. LA North plans to conve...
| Rexford Industrial Realty Spends $339 Mil on Two L.A. Area Industrial Buys
SoCal-based Rexford Industrial Realty Inc closed on two industrial acquisitions in deals totaling $339.2 mil. The purchases consisted of a four-building industrial complex in Whittier and a three-tenant industrial property in...
| Janone Development Starts Work on 39-Unit Res Project Adjacent ot L.A.’s Koreatown
Los Angeles-based Janone Development has begun work on a six-story, 39-unit apartment project in Los Angeles. The project is being financed with a $16.6 mil construction loan provided by Parkview Financial.
The development i...
| San Fernando Valley Structure Undergoing $4.5 Mil Renovation into a Professional Medical Building
A 42k sf, two-story structure in Tarzana is undergoing a $4.5 mil ground up renovation effort aimed at transforming the property into a first-class medical professional building with a creative and contemporary design. The bu...
| Multifamily Property in the Southern San Fernando Valley Goes for $230k/Unit
Bechir Apartments, a 118-unit multifamily asset in the southwest San Fernando Valley community of Tarzana sold for $27.1 mil, or about $229.7k per unit. The property is close to U.S. Route 101, Ventura Boulevard, and the Metr...
| Safco Capital Corporation Makes $11.5 Mil Office Buy in West L.A.
Safco Capital Corporation closed on the acquisition of a 21.7k sf, three-story office building in West Los Angeles for $11.55 mil ($532/sf). It was sold by MG Skinner.
The property, known as Camden Gardens, is located at 11...
| VMG Properties Pays $14 Mil for Long Beach Apartment Portfolio
Santa Monica-based VMG Properties paid $14 mil for a portfolio of seven multifamily assets in Long Beach totaling 60 units ($233.3k/unit). The properties were sold by a local private investor who had owned the assets since th...