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August 20, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• L.A. Retail Portfolio Trades for $35 Mil
1/11/19
A four-property, 65.4k sf retail portfolio in the L.A. area has sold for $35 mil ($535/sf). The properties include a Petco located in Northridge and a Petco, Office Depot, and multi-tenant property all located in the South Ba...
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• GreenOak Real Estate Advisors and Rising Realty Partners Buy Historic 287k sf Office Building in Downtown L.A.
1/10/19
GreenOak Real Estate Advisors, in a venture with Rising Realty Partners, recently acquired The CalEdison, an iconic 287.6k sf, 14-story office building at 601 W 5th St in Downtown Los Angeles. The property was sold by Hermes ...
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• Glendale Apartment Building Sells for $217k/Unit
1/10/19
A 15-unit multifamily investment property in Glendale sold for $3.26 mil, or $217.3k/unit. The building, located at 511 S. Verdugo Rd, sold at a 5.0% cap rate. The apartment building is located at 511 S. Verdugo Road. The tw...
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• California Landmark Group Completes Co-Housing Project in Marina del Rey
1/08/19
California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
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• Prologis Starts Work on 346k sf Industrial Project in Vernon
1/07/19
Global industrial REIT Prologis has begun construction on two Class A industrial facilities in Vernon totaling over 346k sf of space. The buildings, which are anticipated to be completed in the fall of 2019, are located at 5...
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• Class A Office Campus in Calabasas Trades for $78 Mil
1/04/19
Calabasas Park Centre, a three-building 225.3k sf ($347/sf) Class A office campus in Calabasas, was acquired for $78.2 mil by a joint venture between Related Fund Management and Cruzan. The property is 96% leased and is locat...
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• Investor Pays $334/sf for Glendale Office Building
1/04/19
A three-story, freestanding multitenant office medical building totaling 33.2k sf of space sold for $11.1 mil ($334/sf). Built in 1961, the building is located at 1025 N. Brand Blvd, north of the 134 Fwy and Glenoaks Blvd wit...
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• Whittier Hotel Property Goes for $79k/Room
1/04/19
A 102-room Good Night Inn in Whittier, CA has traded for $8.025 mil ($78.7k/room). The property is located at 10317 Whittier Blvd, on the east side of the I-605 Fwy and west of Norwalk Blvd. The courtyard-style inn sits on ...
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• Mexican Restaurant Chain Buys Three Acres in Norwalk
1/03/19
Tacos Gavilan, a popular up-and-coming Southern California-based Mexican restaurant chain, paid $3.1 mil for 1.3 acres of land located at the southwest corner of Rosecrans Ave and Studebaker Rd in the city of Norwalk. The sit...
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• Quality Dialysis Center Leases Former Fresh & Easy Space at Arcadia Retail Center
1/02/19
Quality Dialysis Center has agreed to a 10-year, $3.03 mil lease for 15.3k sf ($1.65/sf/mo) of space at The Shoppes Highlander Center in Arcadia. Quality Dialysis plans to take occupancy of its new space, formerly the home of...
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• Commercial Real Estate Financing Briefs
12/31/18
NORTHMARQ CAPITAL - David Blum with NorthMarq Capital arranged a $41 mil construction loan for Riverpoint/Warner Center, a 154-unit multifamily property located at 6801-6819 Canoga Ave in Canoga Park. The project is located a...
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• Apartment Building in L.A.’s Los Feliz Area Sells for $17.5 Mil
12/28/18
Los Feliz Palms, a 54-unit apartment property in Los Angeles’ Los Feliz District, sold for $17.58 mil ($325.5k/unit). The property is centrally located at 1917 Rodney Dr, within walking distance to several shops, restaurants ...
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• Philip Voorhees Promoted to Vice Chairman at CBRE
12/27/18
CBRE has promoted Philip Voorhees to Vice Chairman, the highest producer ranking at the firm. Voorhees heads the National Retail Partners– West (NRP-West) team, which has closed 63 transactions year to date, and all time clos...
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• FIGS Inc Takes 26k sf in Santa Monica
12/27/18
FIGS Inc has leased 26.1k sf of office space at Santa Monica Gateway. The new location will serve as the online medical apparel company’s new headquarters. FIGS will be in control of designing every element of the space to tr...
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• Studio Props Company Takes 90k sf of Space in North Hollywood
12/26/18
Faux Library Studio Props Inc, a library-themed, studio props provider, has leased 89.5k sf of space in North Hollywood in a deal worth $5.6 mil. The company is relocating from a nearby location in Hollywood. The free-stand...
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• Retail Center in Chino Trades in $6.85 Mil Transaction
12/26/18
Chino Promenade 3, a 41.4k sf retail community shopping center in Chino, sold for $6.85 mil ($165/sf). The property is located at 5536-5546 Philadelphia St, in a prominent retail corridor within the West Inland Empire. The...
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• Monrovia Office Building Sells in $18.5 Mil Deal
12/26/18
Chase Mayflower bought an 83.7k sf office building in Monrovia for $18.5 mil ($221/sf). The building, located at 1333 S. Mayflower Ave, between Huntington Dr and the 210 Fwy, was sold by Kare Foundation. The property, Huntin...
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• Rexford Industrial Realty Buys Cold Storage Facility in the City of Commerce
12/21/18
A 74.5k sf, cold storage facility in the City of Commerce was acquired by Rexford Industrial Realty for $18.2 mil, or $244/sf. The multi-tenant building is located at 6100 Sheila St, just south of Washington Blvd and west o...
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• Investors Trade Apartment Property in LA’s Palms Neighborhood for $288k/Unit
12/20/18
The Regent Apartments, a 33-unit apartment property in the Palms neighborhood of Los Angeles, traded for $9.5 mil, or $288k/unit, after the listing attracted over a dozen offers. The property features a unit mix of 12 studios...
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• Pasadena Office High-Rise Trades for $82 Mil
12/18/18
A joint venture between Barker Pacific Group (BPG) and Rockwood Capital has acquired 301 N Lake Avenue, a 227k sf, Class A office building in Pasadena. The 11-story high-rise, north of Colorado Blvd at the 210 Fwy, traded for...
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