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August 24, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Claremont Site Acquired for New Auto Dealership
3/14/19
A 4.4-acre site in the city of Claremont was recently acquired for the development of a new auto dealership. The site, located at 667 Auto Center Drive, has been vacant for more than a decade and is part of the Claremont Auto...
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• Logistics Firm Inks Deal for Almost 170k sf in the City of Industry
3/12/19
Soho Logistics signed an $11.2 mil lease for 168.9k sf of space at Nelson Business Park in City of Industry. The tenant is a local, diverse distribution logistics company with accounts that range from apparel to foods. Loca...
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• Sterling Organization Buys 77k sf Retail Center in L.A. Area
3/12/19
Sterling Organization acquired Margarita Plaza, 76.8k sf, a grocery-anchored shopping center in Huntington Park, CA. The purchase was financed with a loan of $14.3 mil. Margarita Plaza, located at 6920 Santa Fe Ave, east of ...
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• Mark Your Calendar => April 11 is RENTV's Downtown Los Angeles State of the Market Conference
3/11/19
On April 11, some of the leading commercial real estate pros doing business in Downtown Los Angeles will come together at RENTV's annual State of the Market Conference to discuss the Retail, Office, Multifamily, Hospitality a...
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• Excelsior Partners Closes $11 Mil South Bay Office Buy
3/11/19
A 49.3k sf office building in Torrance was purchased by Excelsior Partners in an $11.3 mil ($229/sf) deal. The building, located at 3520 Challenger St, east of Hawthorne Blvd and north of Del Amo Blvd, was sold by Fairway LLC...
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• Strong Growth Of Life Sciences Sector Boosting Select Real Estate Markets
3/07/19
This report was provided by real estate services firm CBRE The U.S. life sciences industry and the real estate that it occupies have ridden a wave of momentum into this year that has positioned various industry hubs, from co...
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• West L.A. Retail Asset Traded in $22.6 Mil Transaction
3/06/19
A 36.5k sf, two-story retail property in West Los Angeles, was purchased by an institutional fund for $22.6 mil ($619/sf). The asset was sold by a private family trust. The property, located at 12121 W. Pico Blvd, is anchore...
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• Upscale Apartment Development in L.A.ís Ladera Heights/Westchester Area is Completed
3/06/19
Legacy Knowlton, a new, luxurious residential development in the Ladera Heights/Westchester neighborhood of Los Angeles, near Los Angeles International Airport, has officially opened to the public. The 36-unit project, locate...
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• KH Funding CA LLC Originates Its First Three Financings in California
3/05/19
KH Funding CA LLC has originated its first three loans in the state, totaling $13.85 mil. The financings were secured by development sites for two multifamily projects in West Los Angeles and a planned boutique hotel in Oran...
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• Ground-Leased Site in Santa Monica Fetches $65 Mil
3/05/19
Goldman Sachs has acquired a ground-leased land fee position in Santa Monica in a transaction worth $65 mil. The site, encompassing 0.79 acres, is located at 1733 Ocean Ave, in the cityís prime oceanfront area. The sale repr...
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• Downtown L.A. After the Rain
3/04/19

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• Vintage Apartment Property in L.A.ís Koreatown Area Trades for $165k/Unit
3/04/19
Western Arms, a vintage 76-unit multifamily property in the heart of L.A.ís Koreatown district, has traded for $12.56 mil ($165k/unit). The rent-controlled property is located at 1057 S. Western Ave, within walking distance...
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• Two Older Santa Monica Apartment Buildings Trade in Deals Worth over $20 Mil
3/01/19
A portfolio of two nearby apartment properties totaling 43 units in prime Santa Monica neighborhoods was sold to two buyers in deals totaling $20.6 mil ($479k/unit). Both properties are near Montana Ave and are within walking...
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• Los Angeles Apartment Property from 1928 Lands $22.5 Mil in Financing
3/01/19
Massie Capital Management LLC has obtained $22.5 mil in financing for William Penn Apartments, a 189-unit, mid-rise apartment building in Los Angeles. Loan proceeds were used to return equity to investors and provide future f...
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• Insomniac to Remain at Burbank Office Campus
2/28/19
Video game software company, Insomniac Games, has agreed to a 65-month renewal of its lease at Burbankís Media Studios campus. Insomniac, which has been in this space since 2002, will continue to occupy the entire 5th floor, ...
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• Local Investor Pays over $11 Mil for Long Beach Apartment Portfolio
2/27/19
A portfolio of four adjacent apartment buildings totaling 36 units in Long Beach has sold for $11.05 mil ($307k/unit). The buyer was Long Beach-based Raven Properties LLC. Built in 1963, the properties are located at 910, 9...
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• Long Beach Multifamily Value-Add Opportunity Goes for $72 Mil
2/26/19
Friendly Franchisees Corporation paid $72 mil for The Landing at Long Beach, a 206-unit ($350k/unit) property in Long Beach. The asset, located at 1613 Ximeno Ave, was sold by Western National Realty Fund II L.P., an investme...
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• San Fernando Valley Del Taco Sells for $1,540/sf
2/25/19
A single-tenant, freestanding property with drive-thru occupied by Del Taco in the western San Fernando Valley community of Chatsworth sold for $3.02 mil. The tenant has over 12 years remaining on its long-term absolute NNN c...
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• Long Beach Apartment Building Traded at $325k/Unit
2/25/19
A 16-unit apartment property in the Rose Park neighborhood of Long Beach sold for $5.2 mil, or $325k/unit. The property is located at 640 Stanley Ave, just blocks from the trendy Fourth Street/Retro Row area and is just seven...
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• Westport Properties Buys Land Parcel in East Los Angeles
2/22/19
Westport Properties has picked up a 2.2-acre land parcel in the Eastside submarket of Los Angeles. Irvine-based Westport plans to develop a three-story, 152k sf self-storage facility on the site, located at 4800-4830 Valley B...
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