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LOS ANGELES COUNTY NEWS
Archive
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• Sinanian Development Buys Dev Site in Tarzana
10/03/19
Sinanian Development paid $4.44 mil in an off-market sale for a 1.29-acre parcel of land in Tarzana. The site, located at 18600 Oxnard St, was sold by Columbia College Hollywood. The property was sold in a sale-leaseback of...
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• Distinctive Culver City Retail Building Sells for $650/sf
10/02/19
Tova Capital Inc has acquired the “Allied Model Trains” building, a 12.6k sf retail structure in Culver City, for $8.2 mil ($651/sf). The building is located at 4411 Sepulveda Blvd, east of the 405 Fwy and just south of Culve...
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• Ace Metrix Leases El Segundo Office Space
9/30/19
Ace Metrix inked a $2.2 mil lease for 9.1k sf of office space in El Segundo. The firm’s new location is at 1960 East Grand Avenue, a 12-story, 260.4k sf Class A building situated on 5.3 acres in the heart of El Segundo’s Supe...
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• Commercial Real Estate Financing Briefs
9/30/19
HIGHLAND REALTY CAPITAL - Mike Guterman and Brad Sevier with Highland Realty Capital arranged a $66.5 mil bridge loan on behalf of an affiliate of Pearlmark Real Estate for Village Walk, a 149.3k sf, Whole Foods- anchored sho...
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• Join Top CRE Pros from Long Beach & the South Bay at RENTV's State of the Market Conference Oct 24
9/29/19
Join us at our 4th Annual South Bay / Long Beach State of the Market Conference for an opportunity to hear from and network with industry experts who will discuss the office, industrial, retail and multifamily markets for Lo...
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• Burbank Multi-Tenant Building Sells for $389/sf
9/27/19
A 14k sf, multi-tenant commercial building in Burbank has traded for $5.45 mil, or $389/sf. The property is located at 3601 Magnolia Blvd, north of the 134 Fwy, roughly midway between the 170 Fwy and I-5. The property consis...
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• Advanced Real Estate Services Inc Buys 235-Unit Multifamily Property in Long Beach
9/27/19
Advanced Real Estate Services Inc (ARES) has acquired a 235-unit apartment building in Long Beach. The property, Alvista Long Beach” is located at 1718 Ximeno Ave, in the “Traffic Circle” area near California State Universit...
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• Westside L.A. CRE Experts Offer Industry Insight about the Region at RENTV Conference
9/26/19
On September 6, many of the leading commercial real estate pros active throughout Westside Los Angeles met at RENTV's annual State of the Market Conference to provide their insight about the region's real estate markets. Here...
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•  US Storage Centers Completes New Facility in Compton
9/26/19
US Storage Centers, in partnership with Invesco Real Estate, has completed development of a 1,440-unit, 142k sf self-storage facility in Compton. The new development is located at 1901 W. El Segundo Blvd, south of the 105 F...
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• Decron Properties Closes $79 Mil Multifamily Buy in the San Fernando Valley
9/26/19
Decron Properties has made its first investment in Los Angeles County since 2010 by acquiring Alura, a 250-unit multifamily property in Woodland Hills, for $79 mil ($316k/unit). Built in 1977, Alura offers a mix of studio, ...
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• Pasadena Medical Office Property Trades in $11.75 Mil Deal
9/25/19
A 21.2k sf building on 1.25 acres in Pasadena was acquired by a doctor/owner for $11.75 mil ($554/sf). The asset located at 66 Hurlbut St, in the heart of the city’s “HeArt” District, was sold by Markwood, a developer who acq...
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• Walls Tilted at New Medical Office Building in Valencia
9/24/19
In a development update out of North L.A. County, the walls have beent tilted at Tourney Place- Building 6, a 45.7k sf, three-story medical office building in Valencia. This latest addition is part of the larger Tourney Plaza...
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• 1950s Santa Monica Res Property Trades for $538k/Unit
9/24/19
A Los Angeles-based private investment group paid $10.75 mil for Shoreland Plaza Apartments, a 20-unit ($538k/unit) apartment property in prime Santa Monica near the cross streets of 2nd St and Montana Ave. The property is w...
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• New Westside L.A. Res Development Lands $165 Mil in Financing
9/23/19
Mill Creek Residential, along with an institutional joint venture partner, locked up new financing of $165 mil on Modera West LA, a newly-built, 376-unit multifamily community located in West Los Angeles. The project, located...
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• Neutraderm Leases 60k sf in the San Fernando Valley
9/23/19
Neutraderm Inc signed a lease for 60k sf in the western San Fernando Valley community of Chatsworth. The firm is a leading manufacturer of medical-grade skin care products. The property is located at at 20680 Nordhoff St, be...
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• $84 Mil Bridge Point Long Beach Project to Replace Asphalt Refinery with Modern Warehouse Space
9/20/19
A proposed $84 mil project that will continue the revitalization of the Artesia Blvd corridor in North Long Beach was approved by the City of Long Beach Planning Commission a couple of weeks ago. Led by Bridge Development Pa...
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• LA Metro-Adjacent Redevelopment Project Financed with $37 Mil Loan
9/20/19
The Luzzatto Company has secured $37.2 mil in bridge financing to complete the acquisition and redevelopment of Exposition 3 into a multi-phase creative office campus. The project is adjacent to two metro stations and within ...
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• San Dimas Office Building Acquired by Taiwan-Based Entity in $20 Mil Deal
9/19/19
An 87.2k sf, suburban office building in San Dimas was acquired by Taiwan-based HCT Logistics Co LTD for $19.9 mil ($228/sf) in cash. The property was sold by 955 Overland Venture LLC, a local real estate investment company. ...
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• Investor Pays $1,481/sf for Jack in the Box in L.A.’s West Adams Submarket
9/19/19
A 2.7k sf, retail property net-leased to Jack in the Box has traded for $4 mil, or $1,481/sf. The store is located at 5101 W Jefferson Blvd, at a signalized intersection in front of the La Brea Expo Line in L.A.’s rapidly gen...
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• Rexford Industrial Realty Picks Up Torrance Asset in $66 Mil Transaction
9/19/19
Rexford Industrial Realty purchased an eight-building, 267k sf industrial complex in Torrance for $66.2 mil, or $248/sf. The acquisition was funded using cash on hand. The property is comprised of four single-tenant building...
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