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December 6, 2021
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LOS ANGELES COUNTY NEWS
Archive
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• Quixote Studios Leases Industrial Building in the San Fernando Valley
4/28/21
Quixote Studios inked a lease for a 124k sf, high-image industrial building in the northeastern San Fernando Valley community of Pacoima. The property, located at 12154 Montague St, just west of Glenoaks Blvd, is owned by Rex...
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• Local Investors Trade Gardena Multifamily Property in $15.5 Mil Deal
4/28/21
Galaxy Apartments, a 95-unit multifamily property in Gardena, was acquired by a local L.A.-area investor for $15.525 mil ($163.4k/unit). The property, located at 835 W. Rosecrans Ave, just east of Vermont Ave, was sold by ano...
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• Glendale Multifamily Community Trades in $300 Mil Transaction
4/27/21
Altana, a 507-unit luxury multifamily community in Glendale, was purchased for $300 mil by Waterford Property Company in partnership with the California Statewide Communities Development Authority (CSCDA). The property, loc...
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• Adjacent Industrial Buildings in Unincorporated L.A. Generate $13 Mil
4/27/21
Shubin Nadal Realty Investors recently sold two adjacent industrial properties in L.A.’s South Bay area in separate transactions that totaled more than $13 mil. In one of the deals, a 30.1k sf industrial building located at 1...
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• Two San Fernando Valley Multifamily Sales Total over $16 Mil
4/27/21
We’ve got two multifamily property sales to report from the San Fernando Valley. The properties, sold in separate transactions that totaled $16.15 mil, have a combined 55 units. One of the properties that sold is Buena Vent...
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• Local Investor Pays $252/sf for Warner Center Office Property
4/27/21
Warner Center Business Park, a 53.2k sf, multi-tenant office property in Woodland Hills, sold to a private local investor for $13.4 mil ($252/sf). Originally built in 1977, the two-story building sits on a 2.94-acre site at...
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• Birtcher Anderson & Davis LLC and Belay Investment Group Spend $44.5 Mil on Seven Properties in Southern California
4/23/21
A venture between San Juan Capistrano-based Birtcher Anderson & Davis LLC and Belay Investment Group has recently closed on a $44.5 mil purchase of seven properties in greater Los Angeles and the Inland Empire. The acquisit...
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• Long Beach Apartment Comp Works out to $239k per Unit
4/23/21
A 28-unit multifamily property in Long Beach sold for $6.7 mil, or $239k per unit. The asset consists of two buildings are located on two separate parcels at 201-209 E. 12th Street within the historic Willmore City District, ...
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• Work Gets Underway on 117-Unit Senior Living Community in the San Gabriel Valley
4/22/21
Clearwater Living has broken ground on Vistas at Glendora, a 117-unit assisted living and memory care facility in the San Gabriel Valley. The project, being built by R.D. Olson Construction, is expected to be completed in fal...
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• Atlas Capital Group Begins Redevelopment Work on Pasadena Office Property
4/16/21
Atlas Capital Group LLC has started work on the redevelopment of a five-story, 320k sf Class A office building in Pasadena. The project, located at 101 South Marengo Ave, is scheduled for completion in the first quarter of 2...
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• Company 3 Takes 70k sf at Hudson Pacific Properties’ Harlow Office Building
4/15/21
Global post-production firm Company 3 has signed an 11-year lease for 70.3k sf of space at Harlow, Hudson Pacific Properties’ recently completed Class A office development at Sunset Las Palmas Studios in Hollywood. The lease ...
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• Owner/User Picks Up 24k sf Facility in Valencia
4/13/21
Tera McHugh and John McHugh, owners of Versatile Systems Inc, closed on the acquisition of a 24.2k sf industrial facility in Valencia. Versatile Systems is a Valencia-based company specializing in the design, manufacturing an...
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• Valencia Office Building Purchased for $250/sf by Exchange Investor
4/09/21
A two-story, 23.8k sf office building in Valencia recently sold for $6 mil, or $252/sf. The building, located at 25050 Avenue Kearny, just south of the confluence of Newhall Ranch Rd and Rye Canyon Rd, was acquired by A. Gold...
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• Report Offers Quick Snapshot of How Los Angeles’ Industrial, Office, Retail and Multifamily Markets have been Impacted One Year into the Pandemic
4/08/21
This report was provided by the Los Angeles office of NAI Capital Commercial A year into the pandemic, the pace of LA County’s commercial real estate markets has changed. As the economy began to reopen from the Covid-19 shut...
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• Condo-Mapped Townhome Property in Hollywood Sells for $540k/Unit
4/08/21
A fully occupied, 11-unit condo-mapped townhome property in Hollywood sold for $5.955 mil ($541k/unit). The property is located at 5420 Harold Way, north of Sunset Blvd and east of Western Ave. Built in 2008, the five-story ...
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• El Segundo Data Center Trades Hands
4/07/21
A 117k sf data center located at 444 N. Nash St in El Segundo traded hands. Previously known as T5@LA, the property is a single-story, Class A industrial facility that is home to multiple credit-worthy, hyperscale and strateg...
more » 

• L.A. Creative Office Building Fetches Over $750/sf
4/06/21
The Luzzato Company purchased a 29.7k sf adaptive reuse and creative office building in Los Angeles for $22.79 mil ($767/sf). The property, located at 3317-3325 Exposition Place, just east of Crenshaw Blvd, is fully leased to...
more » 

• Calabasas Creative Office Campus Purchased for $79 Mil by China-Based Gemdale Corporation
4/05/21
The Park Calabasas, a 222.5k sf, creative office campus in Calabasas, was purchased for $79 mil ($355/sf) by Gemdale USA, a subsidiary of China-based Gemdale Corporation. The property was sold by Rising Realty Partners and F...
more » 

• Historic Apartment Property in Downtown Long Beach Bought by L.A. Investor for $5.7 Mil
4/05/21
A historic, 25-unit apartment property in the West Gateway submarket of downtown Long Beach sold for $5.735 mil ($229.4k/unit). The property, located at 330 Cedar Ave, within walking distance to a diverse set of employment op...
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• GSA Inks Renewals Worth $80 Mil at Long Beach Office Tower
4/02/21
The U.S. General Services Administration (GSA) has agreed to $80 mil in lease renewals for over 140k sf of space at Shoreline Square, a Class A office tower in Long Beach. The 20-story high-rise, owned by Parallel Capital Par...
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