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• Older San Fernando Property to Be Converted into Creative Office Campus
2/05/19
Alvarez & Marsal Capital Real Estate LLC recently acquired a 4.3-acre site in the southwestern San Fernando Valley community of Tarzana for redevelopment into a creative office campus. The property, located at 18362-18424 Oxn...
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• Commercial Real Estate Financing Briefs
2/05/19
AVISON YOUNG - Jay Maddox and Peter Sherman with Avison Young arranged a $29 mil loan on behalf of Mega Home LLC to refinance the construction and sell-out of a partially completed 80-unit condominium project located in Los A...
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• Bridge Development Partners is Thinking Inside and Outside the Box
2/04/19
In a notable industrial buy in Los Angeles, Bridge Development Partners LLC has acquired ‘The Box Yard’, a 261.5k sf industrial property located on 7.54 acres at 2445 East 12th St, south of I-10 and Olympic Blvd, on the west ...
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• BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
2/04/19
BKM Capital Partners acquired a two-property portfolio in San Diego for $16.6 mil. For BKM, this purchase is one of three recent light industrial multi-tenant portfolio acquisitions, which encompass more than 769.4k sf for a ...
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• Universe Holdings Adds to Its Growing Multifamily Portfolio in Inglewood
1/31/19
Universe Holdings has acquired Chateau Park Casino Royale V, a 15-unit multifamily community in Inglewood, for $3.8 mil, or $253k/unit.
Located at 232 W Olive St, the community is situated five minutes away from the redevelo...
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• L.A. Area Assisted Living Project on Track with $59 Mil in Financing
1/30/19
Willis Development has obtained $59.4 mil in debt and equity financing for the development of a 113-bed assisted living and memory care facility in Glendale, CA. The project, Sage Glendale Senior Living, will consist of 81 as...
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• Overseas Investors Spend $4.5 Mil on Two Long Beach Apartment Properties
1/28/19
Overseas investors paid $4.53 mil for two apartment properties totaling 14 units ($323.6k/unit) in Long Beach in separate, all-cash deals.
Both properties were built in the 1980s and feature spacious two-bedroom townhouse u...
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• Apartment Complex in L.A.’s Echo Park Neighborhood Sells for Over $25 Mil
1/28/19
Morton Gardens, a 66-unit multifamily property in L.A.’s Echo Park neighborhood, sold for $25.5 mil, or $386.4k/unit. The asset, located at 1811-1825 Morton Ave, north of Sunset Blvd and east of Glendale Blvd, was purchased ...
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• Korean Game Developer NHN Global Pays $595/sf for Historic DTLA Building
1/25/19
Korean video game developer, NHN Global, has purchased the historic Pettebone Building in downtown L.A. and will be relocating its headquarters, which is currently in Koreatown, to their new property. The company paid $22 mil...
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• SVN Expands Its SoCal Footprint with Two New Partner Firm Arrangements
1/24/19
SVN International Corp has completed two industry moves with new SoCal partner firms as part of the company’s capital investment based growth strategy plans. In one move, SVN has merged ECP Commercial into the San Diego offi...
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• Glendale Office Property Snagged by Private Investor in $5.9 Mil Deal
1/24/19
A Glendale-based investment group paid $5.925 mil for a 14.5k sf office building in Glendale, in an off-market transaction. The transaction closed at a 3% cap rate and at a price per square foot of $409.
Located at 200 W. Gl...
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• Self-Storage Facility Becomes the Latest Gelt-y Pleasure for L.A. Real Estate Firm
1/24/19
Gelt Inc has acquired Southmark Storage, a 665-unit, self-storage facility in South Pasadena, for $16.5 mil. Built in 1986 and situated on a 1.81-acre site at 919 Mission St, the six-building property includes 623 indoor stor...
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• Rexford Industrial Realty Picks Up Two SoCal Assets in Deals Worth $27.6 Mil
1/23/19
Rexford Industrial Realty Inc recently closed on two SoCal industrial acquisitions totaling $27.6 mil. The acquisitions, funded using cash on hand, were for properties in Garden Grove and Valencia.
In one of the deals, Rexfo...
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• North Hollywood Industrial Listing Generated So Many Interested Bidders Some Had to Be Turned Away
1/21/19
A 22.5k sf, multi-tenant industrial building in North Hollywood sold for $5 mil, or $222/sf. We’re told that the property, located at 7525 Ethel Ave, received so many offers that some bidders had to be turned away and the pro...
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• Historic Former Herald Examiner Building in DTLA to Be Redeveloped
1/21/19
The Georgetown Company has obtained $56.4 mil in bridge financing for the redevelopment and renovation of the Herald Examiner Building, a 100k sf, one-of-a-kind, historic building in Downtown Los Angeles. The loan was arrange...
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• Long Beach Apartment Building Sells for $220k/Unit
1/18/19
Santa Monica-based Hollywood Properties LP paid $4.4 mil for a 20-unit ($220k/unit) apartment property in Long Beach. The asset is located at 737 W. 5th St, within walking distance to downtown.
Built in 1963, the asset is s...
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• Triscenic Studios Leases 142k sf Valencia Facility
1/18/19
Triscenic Studios has inked a $7.7 mil lease for a 142.4k sf industrial building in Valencia. Located at 25045 Avenue Tibbitts, the building features 28’-30’ minimum clearance, 26 truck-high position doors and two ground-leve...
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• Santa Clarita Studios Leases 109k sf Industrial Facility in Valencia
1/17/19
Santa Clarita Studios, an independent studio operator, leased a 109.4k sf industrial building in Valencia. The property, located at 28210 Avenue Stanford, is a recently renovated, high-image industrial building located in hea...
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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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