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• Crown Realty & Development Venture Spends $16.75 Mil on Burbank Building
1/15/20
Crown Realty & Development Inc and its affiliate, CPF Vanowen Associates LLC, have purchased a 39.8k sf creative industrial building in Burbank for $16.75 mil ($421/sf). The newly constructed structure is located at 3700 Van...
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• Azusa Res Property Picked Up by Local Buyer for $220k/Unit
1/15/20
Rockvale Apartments, a 34-unit, multifamily property in Azusa, sold for $7.5 mil, or $220.5k/unit. The deal closed at a cap rate of 4.3%.
Built in 1960, Rockvale Apartments is situated on .8 acres of land at 333 N. Rockvale...
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• Los Angeles Multifamily Property Purchased for $259k/Unit
1/14/20
LA-based ROM Investments paid $26.2 mil for Guardian Arms Apartments, a 101-unit ($259k/unit), high-rise mixed-use property in Los Angeles. The property, located at 5217-5233 Hollywood Blvd, midway between Western and Normand...
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• Work Started on Five-Acre, Mixed-Use Development in West Los Angeles
1/13/20
Hines, USAA Real Estate and Philena Properties have begun work on West Edge, a transformative, transit-oriented, mixed-use development situated within the creative heart of West Los Angeles, at the corner of Olympic Blvd and ...
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• Quantasy Inks Lease in L.A.’s Arts District
1/13/20
Advertising agency Quantasy signed a five-year lease for 13.5k sf of space in the Arts District in Downtown Los Angeles, expanding its footprint in the burgeoning area. The lease value was not disclosed.
The property, locate...
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• City of Industry Warehouse Property Trades in $38.5 Mil Sale/Leaseback
1/10/20
EverWest Real Estate Investors LLC acquired a 181.7k sf industrial warehouse property in the City of Industry in a sale-leaseback transaction valued at $38.5 mil. The deal included a 10-year leaseback with the property seller...
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• Bliss Point Media Takes 10k sf of Space in Downtown Santa Monica
1/08/20
Bliss Point Media, a video advertising firm, has leased 10.5k sf of space at a mixed-use property with ground-floor retail space in downtown Santa Monica. Terms of the lease were not disclosed.
The four-story property, loca...
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• Redcar Properties Buys 76k sf Creative Office Campus in Culver City
1/07/20
Redcar Properties has purchased Westside Business Park, a Class A creative office campus located at 10301–10395 Jefferson Blvd in Culver City. The price was around $73.5 mil.
Westside Business Park, which was 93.4% leased at...
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• BAG Investments Spends $62.5 Mil on Santa Clarita Multifamily Community
1/06/20
Culver City-based BAG Investments purchased Monterra Ridge Apartments, a 232-unit residential community in Santa Clarita, for $62.5 mil ($269.4k/unit). The property was sold by Gelt Inc.
Built in 1985, Monterra Ridge is loc...
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• Hankey Investment Company Entity Acquires Equity Share of Luxury Res Development in L.A.’s Koreatown
1/03/20
A group led by Hankey Investment Company has acquired Cityview’s equity share of The Pearl on Wilshire – a luxury mixed-use development in Los Angeles’ Koreatown – in a transaction with a total asset value of $171 mil. Cityvi...
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• Lancaster Office Asset Trades for $270/sf
1/02/20
A 22.8k sf multi-tenant office building in Lancaster sold for $6.15 mil, or $270/sf. The building, Ionian Plaza, is located at 42225 10th Street W. Built in 2004, the single-story multitenant office building is situated on a ...
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• Multifamily Property in Van Nuys Trades for Over $300k/Unit
1/02/20
Erwin Apartments, an 18-unit multifamily property in the central San Fernando Valley community of Van Nuys, sold for $5.59 mil, or $310.5k/unit. The all-townouse complex is located at 14740 Erwin St, south of Victory Blvd and...
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• Community Preservation Partners Acquires 158-Unit Affordable Housing Property in West Covina
12/30/19
Community Preservation Partners (CPP) has purchased Cameron Park Apartments, a 158-unit, affordable housing complex located at 929 West Cameron Ave in West Covina, for $52 mil ($329k/unit). The acquisition deal includes nearl...
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• Private Trust Closes City of Industry Warehouse Purchase
12/23/19
An 18.5k sf industrial warehouse facility in City of Industry sold for $5.55 mil, or $300/sf. Built in 1979, the property is located at 19062 San Jose Ave, north of Hwy 60 and east of Nogales St.
The warehouse facility featu...
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• L.A. Industrial Site Acquired for Redevelopment into a Self-Storage Facility
12/19/19
Leon Capital Group paid $6.625 mil for an industrial redevelopment property in Los Angeles. The property is located at 6500 Avalon Blvd, south of Slauson Ave and east of the 110 Fwy, near the Goodyear Industrial Tract south o...
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• L.A. Area Multifamily Portfolio Financed with $35.6 Mil in Fannie Mae Money
12/19/19
Berkadia arranged $35.6 mil in financing, including an $18.1 mil cash out, on a 10-property, 305-unit multifamily portfolio in the Los Angeles area. The properties are located in Los Angeles, Santa Monica and the San Fernando...
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• CGI Strategies Starts Work on 200-Unit Res Project in L.A.’s Koreatown
12/19/19
CGI Strategies has started construction on Fedora, a 200-unit apartment community in the heart of Los Angeles’ Koreatown. The project, located at 837 S. Fedora, spans across the block to the adjacent street, at 838 S. Maripos...
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• Cold Storage Gaining Favor with Investors as Cap Rates Draw Closer to Those of Traditional Warehouses
12/18/19
This report provided by commercial real estate services firm CBRE
Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for Class A facilities closer to those of traditional hig...
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• Local Buyer Pays $382k/Unit for Hollywood Apartment Property
12/18/19
Gramercy Hollywood, a 28-unit apartment property located at 1836 N. Gramercy Place in one of the most coveted neighborhoods of Hollywood, sold for $10.7 mil, or $382k/unit. The deal closed at a 4.3% cap rate.
The property re...
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• CIGA Relocates Within Glendale
12/17/19
California Insurance Guarantee Association (CIGA) signed a 130-month lease for 29.1k sf of office space at 330 N. Brand Blvd in Glendale. The lease value was not disclosed.
The company will relocate from 101 N. Brand Blvd in...
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