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• Construction Underway on the Third and Final Building at Water’s Edge Office Campus in Playa Vista
5/22/18
Construction has commenced on the second phase of Water’s Edge in Playa Vista – a state-of-the-art, 190k sf office building which will complete development of the 6.5-acre site. The development is being built by a led by NR ...
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• Swift Real Estate Partners Buys 549k sf Office Campus in El Segundo
5/22/18
Swift Real Estate Partners has purchased a three-building, 549.2k sf office campus in El Segundo. The technology-focused property is located at 2200, 2222 and 2230 East Imperial Hwy, adjacent to the 105 Fwy just west of the 4...
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• Recent Leases Bring Office Tower in LA’s Miracle Mile to 90% Occupied
5/22/18
Six recent lease transactions at The Ratkovich Company’s 5900 Wilshire office building in Los Angeles’ Miracle Mile area have brought the the 31-story tower’s occupancy at more than 90%. The total new leasing activity account...
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• 1950’s Apartment Building in LA’s Palms Neighborhood Sells for $350k/Unit
5/21/18
Durango Village, a 16-unit apartment building in the Palms neighborhood of West Los Angeles, was purchased by a local family investment entity for $5.63 mil, or $352k/unit. The property closed at a 3.3% cap rate, representing...
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• City of Industry Facility Fits Just Right for Glove Manufacturer’s Relocation Needs
5/21/18
Austin Pang Gloves Mfg (USA) Corp has purchased a newly constructed, 72.3k sf building in the City of Industry for $13.4 mil ($185/sf). The facility is located within CT Industry Center, at 17343 Freedom Way, just east of Azu...
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• Norwalk Apartment Property Sells at In-Place Cap Rate of 2.99%
5/21/18
A 23-unit apartment complex in Norwalk was purchased by a private investor for $4.35 mil ($189k/unit). The asset, which sold within one day of marketing, traded at an in-place cap rate of 2.99%.
Located at 11037 Ferina St, t...
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• Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
5/18/18
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
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• Private Investor Pays Over $1,000/sf for Retail Building in Los Angeles
5/18/18
A Burbank-based family partnership has purchased a fully leased 4.2k sf retail building on 11k sf of land in Los Angeles for $4.25 mil ($1,012/sf). The freestanding, single-tenant property was sold by Wilshire Vista LLC of Ho...
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• Multi-Tenant Pad Building in Baldwin Park Trades for $1,225/sf
5/18/18
A private investor paid $8.3 mil for a 6.8k sf, new construction multi-tenant retail pad building in Baldwin Park. The property, located at 13926 Garvey Ave, is occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipot...
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• San Fernando Valley Apartment Complex Sells for $11.25 Mil after Generating Nearly 20 Offers
5/17/18
Xenon Investment Corp. / Mehta Family paid $11.25 mil for a 52-unit ($216k/unit) apartment complex in Tarzana. The property, Reseda Gardens, is located at 6251-6267 Reseda Blvd, just south of Victory Blvd.
Built in 1960, th...
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• Torrance Industrial Facility Changes Hands in $102 Mil Transaction
5/16/18
A newly developed 512.5k sf, state-of-the-art industrial facility in Torrance was purchased by a private investor in a $102.5 mil ($200/sf) deal. The property, situated on 20.37 acres at 20333 S. Normandie Ave, north of Torra...
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• Harbor Associates and The Bascom Group Spend $37 Mil on Two SoCal Office Properties
5/16/18
Harbor Associates LLC and joint venture partner The Bascom Group LLC have acquired two CA office buildings, in Los Angeles and Del Mar, in separate transactions totaling $37.4 mil. The two properties have a combined 114k sf o...
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• Trophy Retail Asset in Beverly Hills Goes for Around $1,250/sf
5/15/18
A two-story, 7.2k sf trophy retail property in Beverly Hills traded hands. The property, located at 362 North Camden Drive in the city’s coveted Platinum Triangle area, is adjacent to many high-end restaurants, hotels, and lu...
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• Interior Renovations Completed at 600k sf Manhattan Village Retail Center
5/11/18
A $180 mil redevelopment is well underway at Manhattan Village, the 44-acre, 573k sf indoor/outdoor mixed-use dining and retail center in the affluent South Bay city of Manhattan Beach. The property, located on Sepulveda Blvd...
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• Positive Investments Spends $12.5 Mil on 86-Unit Residential Property in Compton
5/11/18
Positive Investments has acquired a vacant, 86-unit multifamily property in Compton for $12.5 mil, or $145k/unit. It was sold by a community-based 501(c)3 non-profit in an off-market transaction.
Built in 1986, the 79.4k sf ...
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• Premier Business Centers Opens Third Beverly Hills Location
5/09/18
In flexible workspace news from a few months ago, Irvine-based Premier Business Centers® (PBC) opened its third location in Beverly Hills, although the deal represents the firm’s first office suite in the famously celebrated ...
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• First Industrial Realty Trust Inc Pays $20.7 Mil for Valencia Industrial Property
5/09/18
First Industrial Realty Trust Inc has acquired a 173k sf distribution/manufacturing facility in Valencia for $20.7 mil, or $120/sf. The asset, located at 28545 Livingston Ave within the Valencia Commerce Center in North Los A...
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• Beverly Hills Office Building Trades in $69 Mil Deal
5/08/18
A joint venture between Cruzan and Cigna Investment Management paid $69.25 mil for a 106.9k sf ($648/sf) office property in Beverly Hills. Purchase of the building, located at 9171 Wilshire Blvd, was financed with a $51.5 mil...
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• Rolling Hills Country Club Gets $125 Mil Renovation
5/07/18
The Chadmar Group and Rolling Hills Country Club have completed a $125 mil redevelopment of Rolling Hills Country Club, a 160-acre private club in Rolling Hills Estates. The club, located at 1 Chandler Ranch Rd, includes an 1...
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• London & Regional Properties Buys Hotel MdR in Marina del Rey
5/04/18
U.K.-based London & Regional Properties (L+R) has purchased Hotel MdR – a DoubleTree by Hilton Hotel. The 283-room, full-service hotel is located in Marina del Rey. This is the first hotel acquisition in the United States fo...
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