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• Investor Spends $3.65 Mil on Industrial Property in the Eastern San Gabriel Valley
1/16/19
One Investment LLC has purchased and 18.7k sf warehouse facility in La Verne for $3.65 mil, or $195/sf. The building was sold by Morris Ventures, Inc.
The property is located at 1747 Wright Ave, within La Verne Business Par...
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• Uhon Inc Acquires 177-Unit Res Property in the San Gabriel Valley
1/15/19
The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angel...
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• CGI Strategies Picks Up 78-Unit Multifamily Property in L.A.’s Los Feliz Neighborhood
1/15/19
CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in L.A.’s Los Feliz neighborhood, for $20.15 mil, or $258.3k/unit. The purchase caps an active 2018 in which the firm was involved in the develo...
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• Investors Agree on $267/sf Gardena Retail Trade
1/15/19
Gardena Plaza, a 55.7k sf, multi-tenant retail property in Gardena, sold for $14.9 mil ($267.50/sf). The fully occupied property includes 18 tenants including anchor Green Farm Market, Subway, T-Mobile, and Wing Stop.
Built...
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• Owner/Users Trade Van Nuys Industrial Facility in $3.6 Mil Deal
1/14/19
A 16.2k sf, industrial warehouse facility in Van Nuys sold for $3.625 mil ($224/sf). The property is located at 7727 and 7729 Burnet Ave, east of Sepulveda Blvd and north of Saticoy St.
The single-story building is situated ...
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• Santa Monica Apartment Property Goes for $423k/Unit
1/14/19
Royal Pacific Apartments, a 21-unit apartment property in Santa Monica, was acquired by a local, private investor for $8.88 mil. The property closed at a price per unit of just over $423k and at a cap rate of 2.3%.
Built i...
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• Apartment Asset in Pasadena Trades for $311k/Unit
1/11/19
A 45-unit apartment property in Pasadena traded hands in a recent $14 mil ($311k/unit) transaction. Located at 165 N Michigan Avenue, the property is walking distance to CalTech and Pasadena City College, and is in proximity...
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• L.A. Retail Portfolio Trades for $35 Mil
1/11/19
A four-property, 65.4k sf retail portfolio in the L.A. area has sold for $35 mil ($535/sf). The properties include a Petco located in Northridge and a Petco, Office Depot, and multi-tenant property all located in the South Ba...
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• GreenOak Real Estate Advisors and Rising Realty Partners Buy Historic 287k sf Office Building in Downtown L.A.
1/10/19
GreenOak Real Estate Advisors, in a venture with Rising Realty Partners, recently acquired The CalEdison, an iconic 287.6k sf, 14-story office building at 601 W 5th St in Downtown Los Angeles. The property was sold by Hermes ...
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• Glendale Apartment Building Sells for $217k/Unit
1/10/19
A 15-unit multifamily investment property in Glendale sold for $3.26 mil, or $217.3k/unit. The building, located at 511 S. Verdugo Rd, sold at a 5.0% cap rate.
The apartment building is located at 511 S. Verdugo Road. The tw...
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• California Landmark Group Completes Co-Housing Project in Marina del Rey
1/08/19
California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
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• Prologis Starts Work on 346k sf Industrial Project in Vernon
1/07/19
Global industrial REIT Prologis has begun construction on two Class A industrial facilities in Vernon totaling over 346k sf of space. The buildings, which are anticipated to be completed in the fall of 2019, are located at 5...
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• Class A Office Campus in Calabasas Trades for $78 Mil
1/04/19
Calabasas Park Centre, a three-building 225.3k sf ($347/sf) Class A office campus in Calabasas, was acquired for $78.2 mil by a joint venture between Related Fund Management and Cruzan. The property is 96% leased and is locat...
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• Investor Pays $334/sf for Glendale Office Building
1/04/19
A three-story, freestanding multitenant office medical building totaling 33.2k sf of space sold for $11.1 mil ($334/sf). Built in 1961, the building is located at 1025 N. Brand Blvd, north of the 134 Fwy and Glenoaks Blvd wit...
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• Whittier Hotel Property Goes for $79k/Room
1/04/19
A 102-room Good Night Inn in Whittier, CA has traded for $8.025 mil ($78.7k/room). The property is located at 10317 Whittier Blvd, on the east side of the I-605 Fwy and west of Norwalk Blvd.
The courtyard-style inn sits on ...
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• Mexican Restaurant Chain Buys Three Acres in Norwalk
1/03/19
Tacos Gavilan, a popular up-and-coming Southern California-based Mexican restaurant chain, paid $3.1 mil for 1.3 acres of land located at the southwest corner of Rosecrans Ave and Studebaker Rd in the city of Norwalk. The sit...
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• Quality Dialysis Center Leases Former Fresh & Easy Space at Arcadia Retail Center
1/02/19
Quality Dialysis Center has agreed to a 10-year, $3.03 mil lease for 15.3k sf ($1.65/sf/mo) of space at The Shoppes Highlander Center in Arcadia. Quality Dialysis plans to take occupancy of its new space, formerly the home of...
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• Commercial Real Estate Financing Briefs
12/31/18
NORTHMARQ CAPITAL - David Blum with NorthMarq Capital arranged a $41 mil construction loan for Riverpoint/Warner Center, a 154-unit multifamily property located at 6801-6819 Canoga Ave in Canoga Park. The project is located a...
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• Apartment Building in L.A.’s Los Feliz Area Sells for $17.5 Mil
12/28/18
Los Feliz Palms, a 54-unit apartment property in Los Angeles’ Los Feliz District, sold for $17.58 mil ($325.5k/unit). The property is centrally located at 1917 Rodney Dr, within walking distance to several shops, restaurants ...
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• Philip Voorhees Promoted to Vice Chairman at CBRE
12/27/18
CBRE has promoted Philip Voorhees to Vice Chairman, the highest producer ranking at the firm. Voorhees heads the National Retail Partners– West (NRP-West) team, which has closed 63 transactions year to date, and all time clos...
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