| Partners Capital Buys 75k sf L.A. Area Biz Park
Partners Capital has acquired Victory Industrial Park, a 75k sf industrial park in Norwalk, for $16 mil ($213/sf). The asset consists of six buildings on four acres of land at 13900 Shoemaker, and 13020, 13035, 13045, 13055,...
| Trusaic Relocates to 12.5k sf in Downtown L.A.
Trusaic, a regulatory compliance software company, has inked a lease for 12.5k sf of office space at Biltmore Court in Downtown Los Angeles. Terms of the deal were not disclosed.
Located at 520 South Grand Ave in Los Angeles...
| Hollywood Land Assemblage Acquired by CMNTY Culture for 500k sf Creative Office and Studio Development
CMNTY Culture has acquired a land assemblage situated at the northeast corner of the intersection of Sunset Blvd and Highland Ave in Hollywood. CMNTY Culture is made up of seasoned entertainment, finance, and real estate prof...
| Hudson Pacific Properties Announces Pricing of Public Offering of $350 Mil Aggregate Principal Amount
Hudson Pacific Properties Inc’s operating partnership, Hudson Pacific Properties L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350 mil aggregate principal amount of 5.950% senior notes due...
| Majestic Asset Management Inc Spends $73 Mil on Office and Industrial Asset in the San Gabriel Valley
Majestic Asset Management Inc acquired the Telstar Building, a 249k sf industrial and office property located at 9320 Telstar Ave in El Monte for $73 mil, or $293/sf. The property was sold by Rising Realty Partners and Brasa ...
| Monem Corporation Spends $10.8 Mil on Two L.A. Area Multifamily Buys
Monem Corporation has acquired two L.A. area multifamily properties totaling 59 units for $10.82 mil ($183k/unit). With these latest acquisitions, Monem now owns more than 100 multifamily properties.
One of the properties, l...
| Poms & Associates Inks Lease for Reduced Space at Calabasas Office Campus
Poms & Associates, a Los Angeles-based risk management and insurance brokerage firm, has signed a lease for 25.6k sf of space at The Park Calabasas, a 20-acre office campus in Calabasas, in northwest Los Angeles County. The c...
| SBH Real Estate Group Sells Trio of SoCal Properties in Deals Totaling $15 Mil
SBH Real Estate Group, led by Eric Silverman, recently sold three SoCal retail sites in separate deals totaling roughly $15 mil. The properties are in Covina and Gardena.
In Covina, SBH sold a 22k sf site located at 1477 N. ...
| L.A. County Rental Housing Market Exits the Pandemic with Strong Demand
This report was provided by real estate services firm NAI Capital
The vacancy rate for multifamily housing in Los Angeles County fell to 3.3% in the second quarter of 2022, down 10 basis points quarter over ...
| Mark Your Calendars – October 19 is RENTV’s 2022 Greater Los Angeles State of the Market Conference
Join us at our annual conference for an opportunity to hear from and network with industry experts who will discuss the changing office, industrial, retail, multifamily and financial markets for the Los Angeles region
| The Swig Company Buys Santa Monica Office Property
The Swig Company purchased a 96k sf office property in Santa Monica. The trade also includes a surface parking lot approximately one block away from the property.
3130 Wilshire has five levels of attached, secured parking a...
| Data Center Real Estate Activity Continues to Grow
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL
Emerging from the pandemic, it’s clear the world of work is adapting to th...
| Res Property in the San Fernando Valley Trades for $369k per Unit
Addison Arms Apartments, a 57-unit apartment building in the San Fernando Valley community of Sherman Oaks, traded in a deal worth $21.05 mil, or $369.3k/unit. The property is located at 14320 Addison St, north of the 101 Fwy...
| NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
| Downtown LA Hospitality Market Surges in Q2 2022 With Occupancy Increasing 60% Over Q2 in 2021
The Downtown Los Angeles (DTLA) Hospitality Market continued its year-and-a-half-long surge during the year’s second quarter, according to the Los Angeles Downtown Center BID’s (DCBID) just released Q2 2022 DTLA Market Report...
| Adjacent Apartment Buildings in L.A.’s Brentwood Area Fetch $4.8 Mil
Two adjacent apartment buildings totaling 12 units in Los Angeles were sold for $4.8 mil ($400k/unit). The properties are located at 11307 Isleta St and 217 Church Lane in the Brentwood neighborhood on Los Angeles’ Westside.
| Flex Campus in South Torrance Sells for $21 Mil
Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal.
Initially built in 1973 as an industrial park, the...
| Neighborhood Center in Whittier Goes for $277/sf
Desert Capital Ventures purchased La Pico Plaza, a 20.9k sf, Circle K-anchored neighborhood center in Whittier, for $5.8 mil ($277.50/sf) in an all-cash exchange transaction. The property, located at 9150 Painter Ave, was 100...
| Hermosa Beach Office Building Sells for Over $500/sf
C3 Development Group paid $19.5 mil for a three-story, 37.7k sf ($517/sf) office building in Hermosa Beach. The property, located at 2200 Pacific Coast Highway, was sold by Vectra Management Group.
The building was 75% lease...
| Three-Property Multifamily Portfolio in the San Gabriel Valley Gets a New Owner
A three-property, 116-unit multifamily portfolio in Azusa sold for $33.6 mil, or $290k/unit. All of the properties are located in a prime and fast-growing area close to downtown Asuza and Asuza Pacific University.