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• Commercial Real Estate Financing Briefs
8/15/18
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...
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• Colliers International Acquires CBC Advisors in Glendale
8/15/18
Colliers International has acquired CBC Advisors in Glendale, making the Tri-Cities company Colliers’10th office in the Greater Los Angeles region.
The former CBC Advisors office is comprised of 10 brokers specializing in t...
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• Four Industrial Facilities in the City of Commerce Sell for Combined $20 Mil
8/15/18
Karney Properties has sold four industrial buildings totaling 120.3k sf of space in the City of Commerce for a combined price of just over $20 mil ($166/sf). The facilities were acquired for warehousing needs by different com...
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• Mechanix Wear Leases 94k sf in Valencia
8/14/18
Mechanix Wear Inc, a manufacturer of protective gloves, recently leased 93.7k sf of space at IAC Commerce Center in northern L.A. County. IAC Commerce Center is a master-planned, 116-acre business park located adjacent to th...
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• UPstART Opens Newest Shared Room Community in East Hollywood
8/10/18
UPstART, a communal housing operator and private club for artists and musicians, has opened Harvard House, a 96-bed community located at 816 N Hobart Blvd in the East Hollywood region of Los Angeles California.
UPstART op...
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• Anthem Blue Cross Takes 169k sf of Office Space in Woodland Hills
8/10/18
Anthem Blue Cross is relocating to Campus @ Warner Center, an office project in the western San Fernando Valley and one of just a dozen new institutional-caliber office developments built in Los Angeles in the last decade. An...
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• Bouwinvest Real Estate Investors and MacFarlane Partners Form a Joint Venture to Own and Operate Res High-Rises in L.A. and New York
8/08/18
Dutch institutional investor Bouwinvest Real Estate Investors and MacFarlane Partners have formed a joint venture to own and operate newly built residential high-rises in New York and Los Angeles with a combined total value o...
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• Burbank Industrial Park Trades for $85 Mil
8/08/18
BKM Capital Partners has acquired Backlot Burbank, a 12-building, 302.9k sf industrial business park in the city of Burbank. The property was sold for $84.75 mil by a joint-venture between Shubin Nadal Associates and Penwood ...
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• Retail Building in Los Angeles’ La Brea/Melrose Area Fetches $800/sf
8/07/18
An iconic retail property in the heart of L.A.’s thriving La Brea neighborhood sold for $4.1 mil, or $804/sf. The 5.1k sf building is located at 819 North La Brea Ave, a block or so north of Melrose Ave.
Built in 1928 as a r...
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• Commercial Real Estate Financing Briefs
8/07/18
GRANDBRIDGE REAL ESTATE CAPITAL - Hunter Curtis and Taylor Curtis with Grandbridge Real Estate Capital originated a $45 mil first mortgage loan secured by 4100 Newport Place Drive, a 190.4k sf, Class A office property in Newp...
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• New Res Project in L.A.’s Koreatown Lands $22 Mil in Financing
8/07/18
A joint venture between Index Real Estate Investments Inc and Ketter Construction has secured $22.3 mil in financing for the ground-up development of a 51-unit workforce multifamily property with 3.4k sf of ground-floor retai...
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• Los Angeles Multifamily Development Lands $35 Mil in Financing
8/06/18
Lion Real Estate Group has obtained $35 mil in financing on EastView Apartments, a newly completed, 121-unit, Class A apartment property adjacent to Downtown Los Angeles. The property is located at 327 N. Boylston St, just ou...
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• Culver City Development Site Sells for $700/sf
8/03/18
By Allen Wolfsheimer
California Landmark Group has acquired a 10k sf development site in Culver City for $7 mil, or about $700/sf. The seller was Napa Industries.
Fariba Kavian and Sam Monempour with NAI Capital represented...
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• Honey to Sweeten L.A. Arts District Office Market
8/02/18
By Allen Wolfsheimer
Honey, an online coupon firm, has agreed to lease an entire 130k sf building in downtown L.A.’s Arts District that was constructed and occupied by Coca-Cola as a syrup manufacturing plant. According to a...
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• West Coast Capital Partners Completes Office Buy in Cerritos
8/02/18
West Coast Capital Partners has acquired 12800 Center Court Drive South, a five-story, 105k sf Class A office building in Cerritos. The property was sold by an affiliate of Transpacific Development Company.
Built in 2009, th...
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• Brandywine Homes Starts Work on Townhome Community Next to Candlewood Country Club in Whittier
8/01/18
Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community located on 3.96 acres adjacent to the Candlewood Country Club golf course in Whittier. The project is scheduled to open for sale by March 2019.
...
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• Two Los Angeles Multifamily Sales Comps total $6.27 Mil
8/01/18
We’ve got two Los Angeles multifamily sales briefs to share. The deals account for 16 units with a combined price of $6.27 mil.
In the larger transaction, a nine-unit building at 11642 Kiowa Ave, north of Wilshire Blvd betwe...
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• Work Underway on 870k sf First Phase of Santa Clarita Biz Park
7/31/18
Vertical construction has started on Phase 1 of The Center at Needham Ranch, a 54-acre business park that is the first phase of a larger 132-acre, fully entitled site in Santa Clarita with approvals for up to 4.2 msf of indus...
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• The Bascom Group Closes $12.5 Mil LA Area Multifamily Buy
7/31/18
The Bascom Group LLC has acquired Island Apartments, a 78-unit apartment community located in Southeast Los Angeles, for $12.55 mil ($161k/unit). The community was constructed in 1957 and is located at 8222 Rosemead Blvd, eas...
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• SPACES Takes 66k sf of Space in Westchester
7/31/18
Co-working firm SPACES inked a lease for 66.3k sf of space in West Los Angeles’ Westchester neighborhood, at the former Univision building. The building, located at 5999 Center Dr, is owned by CBRE Global Investors, which acq...
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