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• Hollywood Development Site Goes for $10 Mil
11/25/19
An unentitled development site in Hollywood, on Highland Ave one block south of Sunset Blvd, sold for $10 mil. The site, located at 1410 N, Highland Ave, is zoned as TOC Tier 3 and could potentially be developed into an 86-un...
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• New Apartment Project in Los Angeles Trades for $683k/Unit
11/25/19
A 10-unit, brand-new 2019 construction apartment property in L.A.’s Mid-City area was acquired by an out of area buyer in a $6.83 mil transaction. The deal came in a cap rate of 4.4%, a GRM of 15.62 and a price of $683.5k per...
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• Investor Spends $311k/Unit for Two Apartment Properties in the Belmont Heights Neighborhood of Long Beach
11/22/19
Miramar Capital, out of Santa Monica, paid $14.95 mil for two apartment properties totaling 48 units ($311.5k/unit) in Long Beach. The properties are located at 425 Coronado Ave and 424 Obispo Ave, in the city’s Belmont Heigh...
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• Apartment Building in L.A.’s Palms Neighborhood Sells for $750k/Unit
11/21/19
A newly built, 10-unit multifamily building in the Westside Los Angeles neighborhood of Palms has sold for $7.5 mil, or $750k per unit. It was acquired by a private investor in an off-market transaction.
The property is loca...
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• Nuveen Real Estate and Graymark Capital Partner Up in $97 Mil El Segundo Office Buy
11/21/19
Nuveen Real Estate and Graymark Capital have teamed up in the purchase of 101 PCH, a 201k sf, low-rise, creative office building in El Segundo. The building, located at 101 Pacific Coast Hwy, traded for $97.15 mil, or $483/sf...
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• Trammell Crow Company and High Street Residential to Build Mixed-Use Project in North Hollywood
11/21/19
Trammell Crow Company and its residential subsidiary, High Street Residential, have announced plans for a mixed-use project in the eastern San Fernando Valley community of North Hollywood (NoHo), within the city of Los Angele...
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• Renovated West Hollywood Res Property Fetches $856k/Unit
11/20/19
Roka Properties acquired Element WeHo, a 24-unit high-end multifamily property in West Hollywood, for $20.6 mil, or $856k/unit. The property is located at 1425 N Crescent Heights Blvd, just south of Sunset Blvd.
The luxury p...
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• Glendale Industrial Portfolio Gets New Owner in $25.5 Mil Deal
11/18/19
A portfolio of eight industrial buildings totaling 131k sf in Glendale has traded for $25.5 mil ($195/sf) in one of the largest deals to take place in the Tri-Cities market over the past 18-24 months, according to Hunter Warn...
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• Whittier Apartment Property Purchased in a $3.46 Mil Exchange Buy
11/15/19
A 14-unit apartment complex in Whittier sold for $3.46 mil, which works out to $247k per unit. The property, located at 6330 Newlin Ave in Uptown Whittier, a prime area within the city and considered the historic “Heart of Wh...
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• West Los Angeles Macy’s Store to Be Converted into Creative Office Space
11/15/19
GPI Companies has obtained $119.3 mil in construction money for the development of West End, an adaptive, creative office conversion of a former Macy’s department store in West Los Angeles. The project is part of what was pre...
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• El Monte Multifamily Property Trades for $240k/Unit
11/15/19
Riverstone Apartment Homes, a 45-unit multi-tenant residential property in El Monte, has sold for $10.825 mil, or $240.5k/unit. The property is located at 3939 Maxson Rd, north of I-10 and west of I-605.
The property consis...
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• Philly Auto Inc Leases Three-Building Site in Inglewood
11/14/19
Philly Auto Inc has agreed to a $4.3 mil lease for 17.5k sf of space in Inglewood. The transaction is for three buildings on a 59k sf site at 817 N La Brea Ave, east of the 405 Fwy and just south of Centinela Ave.
The site w...
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• Barker Pacific Spends $16.7 Mil on Azusa Apartment Properties
11/14/19
The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa, were acquired by entities of LA-based Barker Pacific for $16.76 mil ($233k/unit). The two-story properties each include 36 units and...
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• Planned Mixed-User in Santa Monica Gains Architectural Review Board Approval
11/13/19
WS Communities has been given approval by the Santa Monica Architectural Review Board for 1430 Lincoln Boulevard, a five-story 67.4k sf mixed-use project in Santa Monica. The development will replace a surface parking lot jus...
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• Swift Real Estate Partners Closes on $190 Mil Office Buy in Pasadena
11/12/19
In an institutional-quality, SoCal office buy, Swift Real Estate Partners purchased The Pasadena Collection, consisting of a 146.3k sf building located at 790 East Colorado, a 211.8k sf building at 155 North Lake, and a 158.8...
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• Historic Building Along Pasadena’s Colorado Blvd Goes for Almost $1,400/sf
11/12/19
The Fish Building, a 9k sf, historic retail and office building in Pasadena, has sold for $12.55 mil, or $1,394/sf. The building, located at 26 E. Colorado Blvd, within the thriving Old Pasadena District, was purchased by Hui...
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• North Hollywood Office Building Bought by Rockwood Capital and Artisan Realty
11/11/19
A 74k sf, six-story office building in North Hollywood was purchased for $30 mil ($405/sf) by a partnership between Rockwood Capital and Artisan Realty. The multi-tenant building is located at 4640 Lankershim, east of the 170...
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• Barker Pacific Group Venture Buys Self-Storage Property in Pomona
11/11/19
Barker Pacific Group’s (BPG) Storage Solutions division, in a joint venture with LNG Management LLC, has acquired EZ Storage Pomona, a 520-unit self-storage property, for $4.95 mil. The 44.5k sf asset was sold by E-Z Storage ...
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• Private Investor Pays Over $600/sf for Glendale Retail Center
11/08/19
Glendale Center East, a 5.2k sf, retail center in Glendale, was purchased by an unidentified private investor for $3.3 mil, or roughly $636 per square foot. The property, located at 1100 S Glendale Ave, is a classic L-shaped ...
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• San Fernando Valley Multifamily Sale Closes at $379k/Unit
11/08/19
Burnet Townhomes, a 43-unit multifamily community in the San Fernando Valley community of North Hills, was purchased by a private investor in a recent $16.3 mil ($379k/unit) deal.
Located at 9001-9009 Burnet Ave, south of No...
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