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• Decron Properties Refinances 83-Unit, L.A. Koreatown Res Property
11/07/18
Decron Properties has obtained $16.5 mil in refi money on Kingsley Drive Apartments, an 83-unit multifamily property in Los Angeles. The seven-year loan, provided by a life insurance company, features full-term, interest-only...
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• Los Feliz Apartment Portfolio Purchased for $375k/Unit
11/06/18
The Ling Family Trust acquired a three-property, 32-unit apartment portfolio in L.A.’s Los Feliz area for $12 mil, or $375k/unit. The assets were sold by Timberlane Partners.
The portfolio includes:
• 3207 Rowena Avenue -- ...
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• Rescore Property Corp Secures Construction Financing for 364-Unit Res Project in L.A.’s Koreatown
11/05/18
Rescore Property Corp has obtained $153.75 mil in construction financing for Rise Koreatown, a seven-story, Class A multifamily property located just off Wilshire Blvd in Los Angeles. The loan was arranged by Walker & Dunlop ...
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• Commercial Real Estate Financing Briefs
11/05/18
HFF - Greg Brown and AJ Manas with HFF arranged $26.65 mil in refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles. The portfolio is loc...
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• The Ruth Group and Roxborough Group buy two-building Gateway Towers in Torrance
11/05/18
Gateway Towers, a 443.5k sf, Class A office property in L.A.’s South Bay region was purchased for $106.25 mil ($240/sf) by The Ruth Group, along with Roxborough Group as its capital partner. The property, located at 970 and 9...
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• CIM Group Begins Work on 154-Unit Res Building in West Los Angeles
11/01/18
CIM Group has started construction of a 154-unit, five-story apartment building, with 16.6k sf of ground floor retail in West Los Angeles. The building, located at 1500 Granville Ave, at the southeast corner with Santa Monica...
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• Industry Pros from L.A.'s South Bay & Long Beach Share Insight at RENTV Conference
10/31/18
Last Thursday, October 25, at RENTV's third Annual State of the Market Conference, some of the leading commercial real estate industry executives active in L.A.'s South Bay and Long Beach region offered their expert insight a...
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• Multifamily Building in Baldwin Park Trades for $241k/Unit
10/31/18
Kimberly Apartments, a 26-unit stabilized and fully renovated building in Baldwin Park, sold for $6.26 mil, or $241k/unit. The 19.4k sf property is located at located at 14521 Clark St, north of I-10 and east of I-605.
Kimbe...
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• Glendora Retail Center Lands $17 Mil in Post-Acquisition Financing
10/26/18
HFF arranged $17.1 mil in post-acquisition financing on Grand and Alosta, a 70.8k sf, newly redeveloped, grocery-anchored retail center in the San Gabriel Valley city of Glendora. The property was redeveloped in 2018, which i...
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• Retail Building on Beverly Hills’ Rodeo Drive Fetches $8,250/sf
10/25/18
An 11.6k sf, retail building on Rodeo Drive in Beverly Hills was purchased for $96 mil by a joint venture, led by Michael Shabani of Crown Equity, Hakim Holdings, GWP Real Estate, and Mazal Enterprises. At $8,240 per square f...
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• The Luzzatto Company Buys L.A. Industrial Property for Conversion to Creative Office Space
10/25/18
The Luzzatto Company Inc recently acquired a 53k sf industrial building in Los Angeles that they intend to convert into creative office space. The building is located at 3339 Exposition Place, south of I-10 on the east side o...
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• Glendale Apartment Property Fetches $400k/Unit
10/24/18
October 24, 2018 – Glendale Apartment Property Fetches $400k/Unit
$8 mil purchase is of The Belmont
The Belmont, a 20-unit apartment property in the city of Glendale, has traded for $8 mil, or about $400k/unit. The property ...
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• Self-Storage Portfolio in Los Angeles and Houston Trades Hands
10/24/18
A well-capitalized, national owner/operator has purchased the Self Storage 1 portfolio encompassing two trophy self storage properties in Los Angeles and Houston. Totaling more than 158k sf, the assets are purpose built, inst...
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• G.H. Palmer Associates Secures $114 Mil in Refinancing on Three Canyon County Apartment Properties
10/23/18
Beverly Hills-based developer G.H. Palmer Associates has obtained $114.13 mil in financing on three multifamily properties totaling 799 units in Canyon Country. The financing was arranged by NorthMarq Capital and funded throu...
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• CenterPoint Properties Buys 94k sf Industrial Facility in the City of Industry
10/23/18
CenterPoint Properties has acquired a 93.8k sf industrial building on a 6.18-acre site in the City of Industry. CenterPoint, an industrial real estate investment firm headquartered in Oak Brook, IL, plans approximately $2.5 m...
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• Torrance Investor Says Aloha to Santa Monica Apartment Market
10/22/18
A Torrance-based private investor paid $4.25 mil for The Aloha Apartments, a nine-unit ($472k/unit) apartment property in Santa Monica. The property is located at 501 California Ave, north of Wilshire Blvd at Fifth St, just s...
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• Older Building in Pasadena’s Playhouse District Sells for $350/sf
10/22/18
Morton Development Group has purchased the iconic Artistry Theater Building in the heart of Pasadena’s thriving Playhouse District in a recent $5.3 mil acquisition. The 15.1k sf ($351/sf) building is located at 600 E. Colorad...
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• Trammell Crow Company, High Street Residential, the County of Los Angeles, Public Facilities Group and Meta Housing Corporation Start construction on Vermont Corridor
10/19/18
Trammell Crow Company (TCC) and High Street Residential (HSR), in a public-private partnership with the County of Los Angeles, Public Facilities Group (PFG) and Meta Housing Corporation, have begun construction on Vermont Cor...
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• Adaptive Re-Use Project Started on Landmarked Building in Santa Monica
10/18/18
A landmarked building from 1914 in the City of Santa Monica is about to undergo a complete restoration and adaptive re-use construction project. The three-story building is located at 1305 2nd St, at Arizona Ave, a prime corn...
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• East Los Angeles Site Acquired for Medical Office Building Development
10/18/18
Capital Insight, a West Hollywood-based developer, purchased a 1.27-acre land site in east Los Angeles. Located at 3965 E. Olympic Blvd, the site is directly off the S. Ditman Ave exit of I-5 Fwy and is at a signalized inters...
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