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December 6, 2021
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LOS ANGELES COUNTY NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  238
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• Unique Pasadena Office Space Comes on the Market
5/13/21
We thought we’d share this news of a unique office space in Pasadena that is currently available. The 15k sf space is on the ground floor and mezzanine level at 595 E. Colorado Blvd, a historic office building owned by The Sw...
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• Arc Capital Partners and Belay Investment Group Buy Two High-Ticket Retail Buildings in West Hollywood
5/12/21
Arc Capital Partners in partnership with Belay Investment Group acquired two retail buildings totaling 18.8k sf that are fully leased to three high-credit retailers in West Hollywood. The assets were sold by ASB Real Estate I...
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• DrinkPAK Takes Additional 400k sf at The Center at Needham Ranch
5/11/21
DrinkPAK LLC has signed two additional leases at The Center at Needham Ranch (CANR) in Santa Clarita. The company first signed a 172.3k sf lease in November 2020 for Building 2 and will now additionally occupy another 400.1k ...
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• Recently Constructed Res Project in L.A.’s Koreatown Area Lands $41.5 Mil Refi
5/10/21
A CBRE Global Investors-sponsored fund has locked up a $41.5 mil refi loan on Mariposa on 3rd, a recently built apartment building in Los Angeles. The floating-rate loan has an initial term of three years and can extend up to...
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• Gardena Industrial Park Bought by Exchange Investor for $9 Mil
5/10/21
Gardena Business Park, a 42.4k sf, multi-tenant industrial building in Gardena, was acquired by a Beverly Hills-based, 1031 exchange investor for $9.03 mil, or $213/sf. The property was sold by Wedgewood, a local real estate ...
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• Staley Point Capital and Bain Capital Real Estate Close $14 Mil SoCal Industrial Buy
5/07/21
A 57.9k sf industrial facility in Santa Fe Springs traded for $14.3 mil ($247/sf). The buyer was a partnership of Staley Point Capital and Bain Capital Real Estate, who acquired the fully leased asset from the Luciano Family ...
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• Thor Equities Group Buys Last-Mile Warehouse Facility in Carson
5/07/21
New York-based Thor Equities Group purchased a fully leased, 196.3k sf warehouse in Carson. The last-mile, infill facility, located at 2575 El Presidio, was acquired in an off-market sale-leaseback transaction. The deal was ...
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• Aedis Real Estate Group Breaks Ground on Transitional Housing Project in Los Angeles
5/07/21
Aedis Real Estate Group has broken ground on a 60k sf, affordable, transitional housing community in Los Angeles. The project, Hope on Hyde Park, is a five-story residential community located on a .49-acre site at 6501 Crensh...
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• Redeveloped Sportsmen's Lodge in the San Fernando Valley Slated to Start Reopening this Summer
5/06/21
The Sportsmen’s Lodge, a landmark retail center in the eastern San Fernando Valley, is undergoing a $100 mil redevelopment slated to begin opening to the public as early as this summer. The reinvented center, to be known as T...
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• Bain Capital Real Estate and BARDAS Investment Group Looking to Develop $450 Mil Studio Campus in Hollywood
5/06/21
Bain Capital Real Estate and BARDAS Investment Group are looking to develop a $450 mil studio campus project tin Hollywood. The proposed development, Echelon Studios, will sit on five acres at 5601 Santa Monica Blvd and will ...
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• Pacific Industrial Buys 11-Acre Industrial Property in South Gate
5/05/21
Pacific Industrial acquired a rare, 11-acre single tenant industrial property in the Central Los Angeles submarket of South Gate. The asset, located at 4545 Ardine St, west of the 710 Fwy and north of Firestone Blvd, is 100% ...
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• CGI+ Real Estate Investment Strategies and Megdal Investments to Redevelop 24k sf, Single-Tenant Property in L.A.’s Los Feliz Area
5/05/21
CGI+ Real Estate Investment Strategies (“CGI+”) in joint venture with Megdal Investments has acquired a 24k sf, single-tenant retail property in Los Feliz. The parcel represents the third and final piece of a 1.7-acre land as...
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• Affordable Housing Community in South Los Angeles Breaks Ground
5/05/21
Work has started on West Terrace, a 164-unit, four-story sustainable housing community in South Los Angeles. The 52.3k sf project is a development of A Community of Friends, a nonprofit developer with a mission to end homeles...
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• Storage Facility in North L.A. County Trades
5/04/21
Santa Clarita Storage, a Class A, 105.7k sf institutional quality self-storage property in Santa Clarita, was acquired by a privately held alternative investment firm in a joint venture with Andover Properties. The buyer pla...
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• Local Investors Trade Long Beach Apartment Property in $2.3 Mil Transaction
5/04/21
A local private investor paid $2.32 mil for an eight-unit ($290k/unit) apartment property in Long Beach. The property is located at 3011 E. 4th St, in the heart of the city’s 4th Street / Retro Row submarket. Built in 1963, ...
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• Santa Monica Multifamily Complex Sells for $564k per Unit
5/03/21
Black Equities Group has acquired Citrus Suites Apartments, a 70-unit, two-building apartment complex situated just one parcel from the beach in Santa Monica. The property, located at 1915 Ocean Way, at Pico Blvd directly acr...
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• Larger Office Blocks in L.A. Less Impacted by the Market Slowdown
4/30/21
This update was provided by CBRE While the COVID-19 pandemic and remote working have led to a deterioration in regional office market fundamentals, large footprint space has seen substantially less impact. As of Q1 2021, the...
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• West Hollywood Multifamily Property Sells for Over $600k per Unit
4/30/21
Via at Sunset Plaza, a 23-unit multifamily community in West Hollywood, sold for $14 mil, which works out to about $609k per unit. Built in 1958, the property has been partially renovated during the last two years with finish...
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• Pomona Industrial Property Gets New Owner in $6.8 Mil Deal
4/30/21
A 66.2k sf, multi-tenant industrial business park investment in Pomona was purchased for $6.75 mil ($102/sf) by a private investor. The property is located at 224-236 E Monterrey Ave and 201-225 N Palomares St, within the Eas...
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• GR Properties USA Starts Work on 139-Unit Res Property Across from Sony Pictures in Culver City
4/29/21
GR Properties USA Inc has obtained $58 mil in financing for a seven-story, mixed-use development across from Sony Pictures Studios in Culver City. The financing, arranged by George Smith Partners (GSP), consists of $42 mil in...
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