| Private Investor Exchanges into $14 Mil West LA Industrial Buy
A local, private 1031 exchange investor paid $14 mil, or $538/sf, for a 26k sf industrial property in West Los Angeles. Located at 1977 South Sepulveda, north of Olympic Blvd and east of the 405 Fwy, the property features fiv...
| Neighborhood Center in the Western San Fernando Valley Sells for Over $600/sf
Mayhew Plaza Shopping Center, a 39.9k sf, Smart & Final Extra-anchored neighborhood shopping center in the western San Fernando Valley community of Woodland Hills, sold for $24.5 mil, or $614/sf. The property, located at 2263...
| Terray Therapeutics Leases 49k sf in Monrovia
Terray Therapeutics Inc signed a lease for 49k sf of lab/office space at Monrovia Technology Campus, located at 750 and 800 Royal Oaks Dr in Monrovia. Terray Therapeutics, a biotechnology company propelling drug discovery int...
| Company 3 Inks Lease for 70k sf in Hollywood
Company 3 has signed a 70.3k sf lease at Harlow, a four-story, 130k sf creative office building in Hollywood. Terms of the deal were not disclosed.
Company 3 is a global leader in post-production servicing its clients in col...
| Blatteis & Schnur Venture Pays Over $1,800/sf for Tiffany & Co-Anchored Retail Property in Pasadena
A joint venture of Los Angeles-based Blatteis & Schnur and Hayward-based The Felson Companies has acquired the high street Tiffany and Shops, a 28.4k sf Tiffany & Co, Crate & Barrel and House of Hoops (Foot Locker)-anchored s...
| Cliff Carnes Joins Matthews Real Estate Investment Services as Executive Vice President
Cliff Carnes has joined Matthews Real Estate Investment Services as Executive Vice President, Managing Director of the firm’s Capital Markets Division. Previously positioned as Senior Vice President and Chief Production Offic...
| Dunleer Spends $13 Mil on Two SoCal Industrial Storage Properties
Dunleer has acquired two Industrial Outdoor Storage properties in deals totaling approximately $13 mil. The properties are located at 4404 W 1st Street in Santa Ana and 10027 Artesia Boulevard in Bellflower.
According to BJ ...
| XTR Nabs Studio/Office Building in L.A.’s Echo Park Neighborhood
XTR, an entertainment studio, has acquired BelleVarado Studios, a 25.4k sf, freestanding creative studio and office complex in Los Angeles, for $8.625 mil ($340/sf).
The property is located at 601-611 N. Alvarado St and 210...
| Downtown Los Angeles Retail Picking Up as Workers and Visitors Return
This report provided by the Los Angeles Downtown Center BID
The Los Angeles Downtown Center BID just released their Q1 2022 DTLA Market Report, revealing growing numbers of retail openings driven by increased activity in the...
| Local Developer Spends $46.5 Mil on Adjacent Development Parcels in L.A. and West Hollywood
A private local developer spent $46.5 mil for two parcels totaling 1.6 acres in the Greater L.A. area. The adjacent parcels are located at 1000 N. La Brea within the city of West Hollywood’s boundaries and at 1011 N. Sycamore...
| Prime Data Centers to Develop New Facility in Vernon
Prime Data Centers, a data center developer and operator, plans to construct a new three-story, 261k sf data center in the city of Vernon. In addition, Prime will construct a 49.5MVA substation to serve the new site.
| Atlas Capital Buys 5.37-Acre Industrial Redevelopment Opportunity in L.A.’s South Bay
Atlas Capital paid $39.8 mil for a 5.37-acre industrial redevelopment opportunity located at 19401 S. Vermont Ave in the infill South Bay submarket of Los Angeles, which continues to be one of the most supply-constrained indu...
| SoFi Stadium-Adjacent Dev Site Fetches $11 Mil
A 40.6k sf development site adjacent the new SoFi Stadium in Inglewood sold for $10.99 mil, or $270/sf.
The site, surrounded by several new sports and entertainment-themed projects, is a prime candidate for redevelopment as...
| IWG Leases Former WeWork Space at the Fine Arts Building in DTLA
IWG has signed a 38.4k sf lease for its Spaces brand at 811 West 7th Street (the historic “Fine Arts” Building) in downtown Los Angeles. Spaces will be located on the top four floors of the building, which includes the unique...
| MG Properties Buys 300-Unit Apartment Property in Carson
MG Properties has purchased Evolve South Bay, a recently constructed, 300-unit Class A apartment community in Carson. The asset was sold by MBK Rental Living.
Opened in September 2020, the 11.9-acre luxury apartment communit...
| Standard Communities Closes $130 Mil SoCal Multifamily Buy
In a large SoCal Multifamily buy, Standard Communities has purchased Jefferson SoLA, a newly built, 244-unit luxury complex in the city of South Gate, for $130 mil, or about $532.8k/unit. Located at 10930 Garfield Ave, the pr...
| Spec Creative Office Development Planned for L.A.’s Arts District
L.A.-based Legendary Group is planning to build a 350k sf, speculative ground-up creative office project in Los Angeles’ Arts District, a neighborhood continuing its transformation into a true live/work/play community through...
| North Hollywood Warehouse Sells for $380/sf
A 37.6k sf warehouse in North Hollywood traded hands for $14.3 mil, or $380/sf. The property is located at 5446-5450 Satsuma Ave, within the East San Fernando Valley submarket.
Built in 1952, and renovated in 2017, the prop...
| Historic Landmark Building in Pasadena Trades for $2.4 Mil
Stoutenburgh House, a historic landmark property in Pasadena, was acquired by founder Daniel Fong of non-profit Uncommon Voices Collective in a $2.38 mil transaction. The property, originally built as a house, is currently be...
| Downtown L.A.’s Office Market is Primed for the Future of Work
This update was written and provided by the Downtown Center Business Improvement District (DCBID) in Los Angeles
As businesses begin to welcome their workforces back to the office, the DTLA Office Market is more than primed ...