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• The Swig Company Buys Santa Monica Office Property
9/02/22
The Swig Company purchased a 96k sf office property in Santa Monica. The trade also includes a surface parking lot approximately one block away from the property.
3130 Wilshire has five levels of attached, secured parking a...
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• Data Center Real Estate Activity Continues to Grow
9/01/22
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL
Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Res Property in the San Fernando Valley Trades for $369k per Unit
8/31/22
Addison Arms Apartments, a 57-unit apartment building in the San Fernando Valley community of Sherman Oaks, traded in a deal worth $21.05 mil, or $369.3k/unit. The property is located at 14320 Addison St, north of the 101 Fwy...
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• NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
8/31/22
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
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• Downtown LA Hospitality Market Surges in Q2 2022 With Occupancy Increasing 60% Over Q2 in 2021
8/30/22
The Downtown Los Angeles (DTLA) Hospitality Market continued its year-and-a-half-long surge during the year’s second quarter, according to the Los Angeles Downtown Center BID’s (DCBID) just released Q2 2022 DTLA Market Report...
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• Adjacent Apartment Buildings in L.A.’s Brentwood Area Fetch $4.8 Mil
8/29/22
Two adjacent apartment buildings totaling 12 units in Los Angeles were sold for $4.8 mil ($400k/unit). The properties are located at 11307 Isleta St and 217 Church Lane in the Brentwood neighborhood on Los Angeles’ Westside.
...
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• Flex Campus in South Torrance Sells for $21 Mil
8/26/22
Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal.
Initially built in 1973 as an industrial park, the...
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• Neighborhood Center in Whittier Goes for $277/sf
8/25/22
Desert Capital Ventures purchased La Pico Plaza, a 20.9k sf, Circle K-anchored neighborhood center in Whittier, for $5.8 mil ($277.50/sf) in an all-cash exchange transaction. The property, located at 9150 Painter Ave, was 100...
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• Hermosa Beach Office Building Sells for Over $500/sf
8/25/22
C3 Development Group paid $19.5 mil for a three-story, 37.7k sf ($517/sf) office building in Hermosa Beach. The property, located at 2200 Pacific Coast Highway, was sold by Vectra Management Group.
The building was 75% lease...
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• Three-Property Multifamily Portfolio in the San Gabriel Valley Gets a New Owner
8/23/22
A three-property, 116-unit multifamily portfolio in Azusa sold for $33.6 mil, or $290k/unit. All of the properties are located in a prime and fast-growing area close to downtown Asuza and Asuza Pacific University.
Each comp...
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• Santa Monica Creative Office Project Just Completed
8/22/22
Work has been completed on a new, 36.7k sf creative office building in downtown Santa Monica. The project, located at 1550 Euclid St, was built by C.W. Driver Companies on behalf of Friedkin Group, who acquired the land in 20...
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• Avanath Capital Management Closes $220 Mil L.A. Apartment Buy
8/22/22
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. At 669 units, we’re told that t...
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• Three Outparcels to Palmdale Marketplace Sold in Deals Worth Over $10 Mil
8/16/22
Three retail properties that are outparcels to Palmdale Marketplace in Palmdale were sold in separate transactions totaling $10.2 mil. Located at 39340 10th Street W, Palmdale Marketplace is a 214k sf power center anchored by...
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• Transwestern Investment Group Acquires 4.6-Acre Development Site in the Palmdale/Lancaster Area
8/15/22
Transwestern Investment Group (TIG) has acquired 4.6 acres in the Palmdale/Lancaster submarket of North Los Angeles, and is partnering with Transwestern Development Company (TDC®) to build a 99.8k sf industrial property on th...
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• Langdon Park Capital Spends $48.6 Mil on San Gabriel Valley Multifamily Community
8/15/22
Atrium at West Covina, a 138-unit multifamily community in the central San Gabriel Valley, was purchased by Langdon Park Capital in a $48.6 mil ($352k/unit) transaction. This buy represents Langdon Park’s third Los Angeles ac...
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• Gigabyte Technology Acquires Industrial Property in the City of Industry
8/11/22
Gigabyte Technology purchased a 55.9k sf, Class A industrial asset in the City of Industry. The freestanding industrial building is situated on a 2.57-acre site at 1020 Wallace Way.
The facility features 30-foot clear height...
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• Champion Real Estate Company Pays $16.7 Mil for Two Former USC Fraternity Houses
8/08/22
Champion Real Estate Company has acquired two former University of Southern California (USC) fraternity houses located at 624 W 28th St and 2715 Portland St in Los Angeles for $16.7 mil.
Victory on 28th LLC, a subsidiary o...
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• Art Deco Long Beach Apartment Property Sells for $3.8 Mil
8/08/22
A 12-unit apartment property located at 601 Linden Ave in the East Village Arts District neighborhood of downtown Long Beach, CA. sold for $3.825 mil, or $319k/unit.
Built in 1929 in Art Deco design, 601 Linden features brig...
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• Glendora Multifamily Trade Works Out to Over $300k/Unit
8/04/22
A 20-unit multifamily property in Glendora sold for $6.125 mil in a deal that works out to about $306k/unit. The transaction closed at a cap rate of 4.15%.
Located at 710 Claraday St, the two-story, garden style walkup build...
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• Redcar Properties Buys 24k sf Santa Monica Creative Office Property
8/03/22
Redcar Properties has purchased the Meridian Building, a 24.1k sf, creative office building in Santa Monica, for $17.9 mil ($743/sf). Located at 1448 15th St, the three-story building was originally constructed in 1981.
The...
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