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Transwestern Development Company Breaks Ground on 99k sf Industrial Facility in North L.A. County 8/30/23 Transwestern Development Company (TDC®) has broken ground on a new 98.9k sf industrial facility, Legacy at Palmdale, located in the Fairway Business Park on Legacy Lane in the northern L.A. County city of Palmdale.
Legacy a...
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Westcore Acquires 3.5 msf California Industrial Portfolio 8/29/23 Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil 8/29/23 A 148-room Wingate by Wyndham Hotel in Inglewood traded hands in a $23.67 mil transaction. The property, located at 10300 La Cienega Blvd, near Los Angeles International Airport (LAX), fetched $159.9k per key. The buyer was I...
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West Los Angeles Retail Center is Now The Now 8/25/23 Work has been completed on The Now, a 40k sf retail center in west Los Angeles that was redeveloped from a convenience center by developer Jeff Appel. The Now is located at 11819 Wilshire Blvd, west of the 405 Fwy and Barring...
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Denver Pallets Spends $10 Mil on Lynwood Land Parcel 8/25/23 Denver Pallets Inc paid $10.16 mil for a 66.5k sf parcel of land at 2903 Lynwood Rd in Lynwood. Denver Pallets is a local leader in the storage, repair and distribution of wood pallets.
The 1.53-acre site at 2903 Lynwood Rd ...
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Trio of Recent Signings Bring San Gabriel Valley Retail Center to 88% Leased 8/24/23 Three new tenants have inked deals for retail space at The Shops at The Alhambra, a 17.8k sf retail center adjoining The Alhambra Office Campus on Fremont Ave in the city of Alhambra. The property is owned by The Ratkovich Co...
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Commercial Real Estate Financing Briefs 8/24/23 JLL CAPITAL MARKETS -- Olga Walsh and Jack Wood with JLL Capital Markets arranged a $28 mil construction take-out loan for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood...
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See the Speakers from RENTV's Greater L.A. State of the Market Conference 8/22/23 Below are photos of the speakers from RENTV's Greater Los Angeles State of the Market Conference, held August 17 in Culver City.
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Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley 8/21/23 Rexford Industrial Realty recently closed on the purchase of two fully-leased, single-tenant industrial assets totaling 220.8k sf in the Santa Clarita Valley for $38 mil in an off-market deal.
The properties are situated on...
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Commercial Real Estate Financing Briefs 8/21/23 JLL CAPITAL MARKETS -- Chris Collins and Brad Vansant with JLL Capital Market arranged $16.7 mil in construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located at 3050 W. 11th ...
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Watch the Latest Episode of CRE Talk with Guest Barry DiRaimondo of SteelWave 8/18/23 Hosts Steve and Arnie interview Barry DiRaimondo, Co-Founder and CEO of SteelWave, the real estate firm with major investments in creative office, creative industrial and life science properties around the Western US. In this...
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Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC 8/18/23 Cityview has completed work on Jasper, a 296-unit opportunity zone mixed-use project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly amenitized, mixed-us...
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KB Homes Buys former Starlite Drive-In in El Monte for $24 Mil 8/09/23 A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte sold for $24 mil. The buyer, Los Angeles-based KB Homes, a Fortune 500 national home builder, will use the property to construct up to 200 new h...
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Local Investor Buys Eight-Unit Multifamily Property in Long Beach 8/08/23 A local private investor paid $2.65 mil for an eight-unit ($331k/unit) multifamily property located at 1206 Gladys Ave in Long Beach.
Built in 1986, 1206 Gladys Avenue features all two-bedroom, two-bathroom units with two h...
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Long Beach Multifamily Property Goes for $398k/Unit 8/02/23 Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in Long Beach, was purchased by an LA-based private investor for $7.165 mil ($398k/unit).
Built in 1963, the property includes four thre...
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CGI+ Real Estate Investment Strategies Finishes Lazy Acres Store in L.A.’s Los Feliz Neighborhood 8/01/23 Work has been completed on a 31k sf, stand-alone grocery store in Los Angeles’ Los Feliz neighborhood on behalf of Lazy Acres Natural Market. For the Santa Barbara-based grocery store chain, the location is the firm’s sixth...
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Investor Foots the Bill for Vans Store in Long Beach 7/31/23 A 3.7k sf, single-tenant retail property occupied by Vans in the historic Belmont Shore neighborhood of Long Beach sold for $4.325 mil ($1,153/sf). Built in 1926, the property is located at 5232 2nd St.
The asset is triple n...
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Inglewood Owner Lands $24.5 Mil in Refinancings on Two Inglewood Properties 7/28/23 Two properties in the City of Inglewood were refinanced for a single investor in transactions totaling $24.55 mil. The properties area a single-tenant medical office building and a single-tenant industrial asset, both located...
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CapRock Partners Buys 92k sf Biz Campus in the San Gabriel Valley 7/27/23 CapRock Partners purchased Valley Center Business Park, a 6.47-acre multi-tenant industrial complex in the City of Industry. The asset includes approximately 92.4k sf of industrial warehouse space across six existing buildin...
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Rosemead Development Site Sells for Over $8 Mil 7/26/23 A local investor paid $8.15 mil for a 2.06-acre, mixed-use residential/commercial development site in Rosemead.
The property, located at 9637 Valley Blvd, consists of 12 contiguous parcels situated along Valley Blvd, with Lo...
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