| Apartment Property in Long Beach Sells for $323k/Unit
An 11-unit apartment property in the Alamitos Beach submarket of Long Beach sold for $3.55 mil ($323k/unit). The property is located at 366 Walnut Ave, just one block from Fourth Street/Retro Row.
Built in 1923, the bungalow...
| L.A. Area Office Market Recovery Hits Bump in 2nd Qtr 2022
This report provided by real estate services firm JLL
• Leasing was more muted, reflecting concerns over the economy and more limited progress in getting employees back into the office.
• Additional space-give back...
| Bone Clones Buys Industrial Property in Chatsworth
Bone Clones, a company that manufactures, distributes, and sells human and animal reproductions of bones and complete skeletons for museums, schools, exhibitors and the movie industry, acquired a 20k sf industrial building in...
| Sharp Capital - One Cole Group Joint Venture Spends $16 Mil on Pomona Industrial Property
DSquared Capital LLC, a joint venture between Sharp Capital and One Cole Group, has acquired an industrial property in Pomona, consisting of an 80k sf building on just over four acres, in a recent $16 mil transaction. The pro...
| Bolour Associates Spends $13.7 Mil on Hollywood Mixed-Use Property
Bolour Associates Inc has purchased a two-story, 32.5k sf, mixed-use building in Hollywood for $13.7 mil, or $421/sf. Located at 6432 Santa Monica Blvd, the building is located at the signalized corner of Santa Monica Blvd an...
| Res Community in L.A.’s Los Feliz Neighborhood Goes for $480k per Unit
Alliance Residential Company purchased Vue Los Feliz, a 134-unit apartment property in the Los Feliz neighborhood of Los Angeles, for $64.3 mil, or $479.9k per unit. The property was sold by a private multifamily investment f...
| California Fertility Partners Leases 34k sf HQ Space in West Los Angeles
California Fertility Partners, a wholly owned subsidiary of Tampa-based Pinnacle Fertility, inked a deal for a 34k sf HQ space in Los Angeles. The lease is for the entire Sawtelle Plaza building, located at 2045 Sawtelle Blvd...
| Instil Bio Lines Up $85 Mil for Development of a Life Sciences Campus in the San Fernando Valley
Instil Bio has secured $85 mil in construction money for the development of a state-of-the-art, 102k sf life sciences campus in the San Fernando Valley community of Tarzana. Located at 18404-18412 Oxnard St, north of the 101 ...
| Lift Partners Buys 42k sf Industrial Property in Rancho Dominguez
Lift Partners acquired a 42.5k sf industrial property located at 2950 E. Harcourt in Rancho Dominguez in an off-market deal. The price was not given out.
The freestanding asset is fully NNN-leased to Wenzlau Engineering, a s...
| Draftsmen & Craftsmen
C.W. Driver Companies has completed the remodel and improvement to the Whittier Central Library. The 39.3k sf, $14.6 mil project included a 35k sf modernization to the existing building and a 4.3k sf minor expansion. CWA AIA ...
| Single-Tenant ALDI Property in Downey Goes for $7.3 Mil
A private trust paid $7.3 mil for an 18.6k sf ($392/sf), single-tenant retail building fully occupied by ALDI in the Los Angeles-area city of Downey. The property was sold by Westland Real Estate Group.
Positioned on 1.65 a...
| L.A. County Retail Trade Rings Up at $3.2 Mil
Luxurious Properties LLC purchased an 11.5k sf shopping center and land parcel in Los Angeles in a $3.2 mil transaction. The seller was Garrison Property Management LLC.
The shopping center is located at 1628-1642 Firestone ...
| Corner Development Site in Hollywood Acquired for Development of Planned Community Campus
A 65.6k sf parcel of contiguous land on the corner of Highland Ave and Sunset Blvd in Hollywood was purchased by Grammy Award-winning songwriter and producer Philip Lawrence. Lawrence, known for his long-time collaboration wi...
| Three Industrial Buildings in the City of Paramount Fetch $10.7 Mil
Three industrial buildings totaling 35k sf in the city of Paramount sold for $10.7 mil ($220/sf) in two transactions.
In one of the transactions, two vacant industrial buildings zoned M2 on a corner lot with a fully fenced ...
| Brasa Capital Management Closes Second Investment Fund Oversubscribed at $450 Mil
Brasa Capital Management LLC (“Brasa”), has closed Brasa Real Estate Fund II LP (“Fund II”), reaching its hard cap of $450 mil.
With a Fund II target of $300 mil, Brasa has now exceeded its fundraising goal on its first tw...
| Tishman Speyer Collects $205 Mil from El Segundo Office Sale
In a major office trade out of L.A.’s South Bay region, Tishman Speyer collected $205.5 mil from the sale of 555 Aviation, a 259.8k sf ($791/sf), low-rise office building in El Segundo that is 100% leased to Saatchi & Saatchi...
| L.A. Area Investors Trade Long Beach Apartment Property in $6.5 Mil Deal
A Los Angeles-based private investor paid $6.5 mil for a 16-unit ($406k/unit) apartment property in the Rose Park neighborhood of Long Beach. The property is located at 640 Stanley Ave.
Built in 1973, the two-building proper...
| Rexford Industrial Realty Picks Up Five-Acre Development Site in Santa Fe Springs
Rexford Industrial Realty acquired a five-acre development land parcel in Santa Fe Springs for $34 mil. Rexford plans to complete the ground-up development of a 108k sf, Class A warehouse facility at the site. The acquisition...
| Stos Partners Spends $12 Mil on Two L.A. Area Industrial Assets
Stos Partners has acquired two SoCal industrial assets totaling more than 41k sf in Los Angeles’ La Mirada and San Fernando submarkets. The transactions totaled about $12 mil.
Stos Partners plans to implement a strategic ca...
| Single-Tenant Building in L.A.’s Arts District Goes for over $1,000/sf
A 5.6k sf, single-tenant, retail medical/recreational dispensary net leased to Sweet Flower in Los Angeles traded hands in a $6 mil transaction ($1,071/sf). The deal came in at an 8.2% cap rate.
The retail building is locate...