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December 6, 2021
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LOS ANGELES COUNTY NEWS
Archive
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• JRK Property Holdings Spends $90 Mil on Luxury Res Property in Downtown Glendale
3/16/21
JRK Property Holdings Inc has acquired The Harrison Glendale, a 164-unit, luxury multifamily property in Downtown Glendale, in an off-market transaction for $90.7 mil ($553k/unit). Built in 2018, the property is located at th...
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• Medical Office Building in Carson Trades in $5 Mil Deal
3/16/21
A freestanding, 8.4k sf medical office building situated on an oversized 1.14-acre site in Carson sold for $5.125 mil, or $609 per square foot. The property is located at 21501 Avalon Blvd, adjacent to the 405 Fwy. The prope...
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• Claremont Industrial Property Traded in $13.35 Mil Deal
3/16/21
A 69.5k sf industrial park in Claremont sold for $13.35 mil, or $192/sf. Known as Claremont Business Park, the property includes six separate industrial buildings located at 240-260 S. York Place, 700 W. Wharton Drive, and 75...
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• San Gabriel Retail Sales Comp Works Out to $255/sf
3/15/21
A three-building, 11.7k sf multi-tenant storefront retail property in San Gabriel sold for $2.988 mil, or $255/sf. Located at 259-267 S. San Gabriel Blvd and 715 E. Broadway, the property was sold by San Gabriel Sash & Door I...
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• Pacific Alliance Bank Buys San Gabriel Site for New HQ Location
3/12/21
Pacific Alliance Bank purchased a vacant 10.3k sf property in San Gabriel for $5.48 mil. The site, located at 641 West Las Tunas Blvd, will be used for the bank’s new headquarters as well as a branch location. The site provi...
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• Cityview to Move Forward with 296-Unit, Transit-Oriented Res Development Near USC
3/11/21
In development news out of Los Angeles, Cityview has obtained $81 mil in construction financing to develop Adams & Grand, a mid-rise, transit-oriented, multi-housing building within a Qualified Opportunity Zone just south of ...
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• ARKA Properties Group Buys 78k sf San Fernando Valley Industrial Park from Rexford Industrial Realty
3/09/21
A six-building, 77.8k sf multitenant industrial business park in Van Nuys sold for $19.25 mil, or $247/sf. The property, located in the heart of the San Fernando Valley at 14723-14825 Oxnard St, was purchased by ARKA Properti...
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• Pacific Equity Properties Secures $130 Mil in Construction Money for Malibu Mixed-Use Project
3/08/21
Pacific Equity Properties Inc has secured $130 mil in construction financing from Related Fund Management for Cross Creek Ranch Malibu, an architecturally significant 112k sf mixed-use development in Malibu. The loan was sou...
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• Artesia Industrial Building Trades for Almost $500/sf
3/08/21
An 8.5k sf industrial building situated on 1.36 acres in Artesia sold for $4.2 mil, or $494/sf. The building, located at 11840 Artesia Blvd, south of the 91 Fwy and just east of Pioneer Blvd, was purchased by Los Angeles-base...
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• CT Realty and Clarion Partners LLC Break Ground on Carson Industrial Facility
3/08/21
CT Realty and Clarion Partners LLC have broken ground on South Bay Logistics Center, a 145.8k sf, Class A state-of-the-art industrial facility in Carson. The single-tenant, free-standing building is located at 333 W. Gardena ...
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• Hollywood Creative Office Building Lands $28 Mil Refi
3/05/21
Vanbarton Group LLC has refinanced its 6725 Sunset Blvd creative office building with a new floating-rate loan for $28.1 mil. The new loan for the 73.9k sf, Class A building was arranged by JLL Capital Markets and funded thro...
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• Torrance Technology Center Trades for $10.65 Mil
3/05/21
Torrance Technology Center, a 38.2k sf a high-image industrial building, was purchased by Frontline Holdings LLC for $10.65 mil, or $279/sf. The property, located at 2335 W. 208th St, sits on a corner parcel with more than on...
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• Calabasas Office Building Trades in $12.7 Mil Transaction
3/05/21
A 46.9k sf, Class A office building in Calabasas traded hands in a recent $12.7 mil deal ($271/sf). The two-story building, located at 26050 Mureau Rd, sits on 1.59 acres adjacent to the 101 Ventura Fwy. The high-end prop...
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• West L.A. Apartment Portfolio Sells for $72.6 Mil
3/03/21
Westside Collection, an eight-property, 212-unit multifamily portfolio located on L.A.’s Westside, sold in a recent transaction for $72.65 mil, which equates to $342.7k per unit. The properties were owned by the same partners...
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• Newly Built Hollywood Apartment Project Lands $138 Mil in Financing
3/02/21
Rescore Property Corporation has obtained a $138 mil loan secured on The Rise Hollywood, a newly constructed, 369-unit multifamily property in Hollywood. The loan, provided by Square Mile Capital, will replace the existing co...
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• Los Angeles Apartment Building Sells for $207k per Unit
3/02/21
The Flynn, a 37-unit apartment property in Los Angeles, was purchased by a local investor for $7.68 mil ($207.5k/unit). The newly renovated property is located at 170 S. Mountain View Ave, within the MacArthur Park neighborho...
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• 2021 NAIOP SoCal USC vs UCLA Real Estate Challenge Goes Virtual on March 4
3/01/21
NAIOP SoCal will hold its much anticipated USC Trojans vs UCLA Bruins Real Estate Challenge on March 4 in a virtual format. Each year five-member graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson ...
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• Meta Housing Corporation and LA Family Housing Start Work on L.A. Area Supportive Housing Community
3/01/21
Meta Housing Corporation and LA Family Housing have broken ground on Silva Crossing, a 56-unit, permanent supportive housing community located in the northeastern San Fernando Valley community of Sylmar. The $30.5 mil develop...
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• Duke Realty Corporation Boosts Its L.A. Portfolio with Two Acquisitions and Construction of a New Spec Project
3/01/21
Duke Realty Corporation recently started a spec development and acquired two in-service facilities in Los Angeles County. This activity increases the company’s investment in Southern California to more than $2 bil. On the de...
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• Pasadena Apartment Building Trades for Over $17 Mil
2/26/21
A foreign investment entity paid $17.2 mil for The Encore, a 28-unit apartment building with two ground-floor commercial units in the Playhouse District of Pasadena. Built in 2004, the property is located at 712 East Walnut S...
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