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• Long Beach Retail Property Sells for $21 Mil
2/06/23
El Dorado Shopping Center, a 74.5k sf shopping center anchored by Grocery Outlet and Dollar Tree in Long Beach, traded hands in a $21.25 mil ($285/sf) transaction. The property was sold by DPI Retail of El Segundo.
El Dorado...
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• Dunbar Real Estate Holding Picks Up Two Gardena Industrial Buildings in $22.7 Mil Deal
2/06/23
Dunbar Real Estate Holding, LLC, out of El Segundo, purchased two freestanding industrial buildings totaling 92.6k sf of space in Gardena, in an off-market transaction for $22.7 mil ($245/sf). The buildings are located at lo...
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• Sony Pictures Entertainment Leases 225k sf of Space in L.A.’s Miracle Mile District
2/06/23
Sony Pictures Entertainment recently inked a long-term, multi-floor lease for 225.2k sf of space at Wilshire Courtyard, a two-building, Class A office campus situated in the heart of L.A.’s Miracle Mile area. The popular, ce...
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• Los Angeles Student Housing Property Refinanced for $16 Mil after Recent Improvements
2/06/23
Victory on Portland, a 55 unit/139-bed student housing property in Los Angeles, has been refinanced for $16.1 mil by its owner, Champion Real Estate Company. The property is located at 2353 Portland St, east of Hoover St and ...
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• Industrial Property in the San Gabriel Valley Sells for $273/sf
2/03/23
JAR Commercial Investments LLC purchased Azusa Center, a two-building, 75.1k sf industrial property in Azusa, from SENTRE for $20.5 mil ($273/sf). Azusa Center is located on a 3.67-acre lot at 301 and 411 N. Aerojet Ave, with...
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• CalSTA Awards Metro $600 Mil to Support Critical East San Fernando Valley Light Rail Project
2/03/23
The California State Transportation Agency (CalSTA) has announced that Metro will receive the full request of $600 mil in state grant funding for a key expansion of the Metro system, the East San Fernando Valley Light Rail Tr...
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• Marcus & Millichap Opens Office in Century City
2/03/23
Marcus & Millichap has opened a new office on Los Angeles’ westside, in Century City. The new office, which integrates the firm’s former Downtown and West Los Angeles offices into one coordinated flagship location, has approx...
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• Construction Completed at Assisted Living Development in the San Gabriel Valley
2/02/23
Construction has been completed at Clearwater at Glendora, a high-end senior living facility equipped for residents seeking assisted living and memory care services in the San Gabriel Valley. The project was built by R.D. Ols...
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• Leasehold Interest in Whittier Multifamily Community Goes for Almost $50 Mil
1/31/23
NextGen Properties Group purchased the leasehold interest for Alivia Apartments, a 128-unit multifamily property in Whittier, in a recent $49.625 mil ($387.7k/unit) transaction. The property, located at 11201 Carmenita Rd, wa...
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• Basis Investment Group Becomes Equity Partner in Santa Monica Development Site Portfolio
1/30/23
Tishman Speyer has secured the Basis Investment Group (BIG) as an equity partner in the Santa Monica Collection, its portfolio consisting of eight development sites across nearly 3.1 acres in Downtown Santa Monica.
A certi...
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• UCLA Acquires Former Marymount California University Campus in $80 Mil Deal
1/30/23
The University of California (UCLA) has acquired the former Marymount California University (MCU) campus in Rancho Palos Verdes in an $80 mil transaction. Overlooking the Pacific Ocean, the coastal property comprises 24.57 ac...
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• Dekel Capital has launched Dekel Correspondent Lending
1/27/23
Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent an...
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• Redondo Beach Apartment Building Fetches $520k/Unit
1/20/23
A 10-unit, garden-style multifamily property in Redondo Beach sold for $5.2 mil, or $520k/unit. The property is located at 124-128 Palos Verdes Blvd in the Hollywood Riviera section of Redondo Beach.
Built in 1958, the prope...
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• West Covina Res Property Sells for $450k/Unit
1/19/23
South Hills Apartments, an 85-unit apartment property in West Covina, was purchased for $38.25 mil ($450k/unit) by HFH Ltd, a 1031 exchange buyer.
Built in 1966 on five-plus acres and remodeled in 2019, South Hills Apartment...
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• Northeast Valley Health Corporation Leases 13k sf in Santa Clarita
1/19/23
Northeast Valley Health Corporation (NEVHC) has signed a lease for 13.4k sf of space in Santa Clarita. NEVHC will use the space, located at 17909 Soledad Canyon Rd, to expand its medical and dental services in the Santa Clari...
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• Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio
1/16/23
An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office bu...
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• Tova Capital Closes $6.2 Mil Retail Buy in Long Beach
1/12/23
Tova Capital has acquired a fully occupied, 34.5k sf retail complex near Downtown Long Beach in a $6.2 mil ($180/sf) off-market transaction. The retail property is located on a nearly one-acre site at 205-233 E. Anaheim St, b...
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• Scenic Expressions Leases 299k sf in Santa Clarita
1/10/23
In a notable L.A.-area industrial lease, Scenic Expressions inked a deal for a 299.2k sf space at Saugus Station Industrial Center, a 69.5-acre, 975.3k sf property located 25530-25765 Springbrook Ave in Santa Clarita. Scenic ...
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• Rexford Industrial Realty Completes $336 Mil of SoCal Acquisitions in Fourth Quarter 2022
1/09/23
Rexford Industrial Realty Inc recently ten industrial properties for an aggregate purchase price of $336.2 mil during the fourth quarter of 2022. The transactions were funded using a combination of cash on hand and proceeds f...
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• Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios
1/06/23
Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles.
Zalmi Klyne with Northmarq arranged the new fl...
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