| Rexford Industrial Realty Spends $30 Mil on Two LA Area Industrial Buys
Rexford Industrial Realty Inc recently acquired two industrial properties for a combined price tag of $30.3 mil. The LA-area acquisitions, in the central San Fernando Valley and in Rancho Dominguez, were funded using cash on ...
| IDEAL Capital Group and Aegon Real Assets US Acquire 105-Unit Res Asset in Redondo Beach
A joint venture between IDEAL Capital Group and Aegon Real Assets US has acquired Novella Redondo, a 105-unit apartment property in Redondo Beach. IDEAL Capital Group is a Clovis, CA-based real estate investment firm based in...
| Recently Constructed SoCal DaVita Facility Sells for $670/sf
An 11.5k sf, freestanding, single-tenant medical facility in Carson has sold for $7.7 mil ($670/sf). The recently constructed building is leased to a DaVita affiliate and guaranteed by DaVita Inc.
The building is located at...
| Venice Mixed-Use Building Sells for Almost $1,000/sf
BrandView Capital Partners paid $7.15 mil for 62‐66 Windward Ave, a 7.5k sf ($957/sf) retail and creative office building in Venice. Situated just steps from the beach and the world‐renowned Venice Boardwalk, the ...
| Two 1950s Apartment Buildings in West Hollywood Sell for Around $400k/Unit
Here’s some comp info on two recent multifamily sales in West Hollywood. The properties that traded total 34 units and sold for a combined $13.6 mil.
In one of the deals, and 18-unit property at 8450 De Longpre sold for $7.6...
| Valencia Pipe Company Leases 171k sf HQ Space in Valencia
Valencia Pipe Company Inc, a division of VPC Global, leased 171k sf at Vista Business Park in Valencia, in a deal worth $10.1 mil. The Class A property, located at 28305 Livingston Ave, will serve as the company’s new headqua...
| TA Realty Spends $138 Mil for El Segundo Office Tower
Boston-based TA Realty closed on a large LA-area office buy, paying $138.5 mil for 101 Continental, a soon to be vacant office tower totaling 340k sf ($407/sf) in El Segundo. The property was sold by Phoenix-based VEREIT Inc....
| Warner Center Office Tower to Undergo $50 Mil Makeover
An extensive revamp of Warner Landmark, a 12-story office tower located at 21555 Oxnard St in the heart of Woodland Hills, is expected to start in January 2020. The project is being undertaken by the property’s private owners...
| Pasadena Building Occupied by Whole Foods Sells in $100 Mil Deal
The Arroyo Parkway LLC, a Pasadena-based investment group, has purchased an 80k sf retail building fully leased to Whole Foods Market and two acres of adjoining land in Pasadena from a private family trust. The off-market tra...
| Pad Buildings at Walmart Supercenter in Lancaster Sells for $6 Mil
Two multi-tenant pads totaling 13.8k sf of space at the Walmart Supercenter in Lancaster have sold for a total price of $6 mil ($435/sf). Built in 2003, the buildings are 100% occupied.
Pad B, a 7.5k sf building, is occupied...
| Rexford Industrial Realty Spends $139 Mil onTwo SoCal Purchases
Rexford Industrial Realty Inc recently closed on the purchase of two industrial properties, comprising six buildings, for a total of $139 mil. The acquisitions were funded using cash on hand and draws on the company's line of...
| Office Building on Los Angeles’ Westside Sells for $700/sf
A 16.9k sf, jewel box boutique office, legal, and medical building in West Los Angeles sold for $11.9 mil ($704/sf). The property is located at 864 South Robertson Blvd, just north of Olympic Blvd near Beverly Hills.
| Urban Stearns Buys 30k sf Development Site in San Pedro
Urban Stearns paid $3.9 mil for a 30k sf development site in San Pedro. The site is located at 111 N. Harbor Blvd, across from the oceanfront and within an opportunity zone.
The property lies within a Transit Oriented Commun...
| Burbank Retail Building Trades for over $500/sf
A 14k sf retail property in Burbank has sold for $7.78 mil, or $556/sf. The property, located at 822 S San Fernando Blvd, is occupied by Harbor Freight and Tools.
The property is in a highly desirable section of Burbank just...
| Long Beach Dialysis Clinic Trades for $8.4 Mil
A private investor based in Berkeley paid $8.42 mil for a dialysis clinic in downtown Long Beach. The outpatient clinic, located at 1090 Atlantic Ave, at the signalized intersection of Atlantic and East 11th St, was sold by M...
| Two West Hollywood Apartment Buildings Trade in Deals Near $400/Unit
We’ve got two multifamily comps from West Hollywood to share with you. The properties total 34 units and sold for a combined price of about $13.6 mil.
In one of the deals, an 18-unit asset at 8450 De Longpre Ave sold for $7....
| Rexford Industrial Realty Spends $84 Mil on Four SoCal Assets
Rexford Industrial Realty Inc recently acquired four SoCal industrial properties in deals totaling $84.5 mil. The acquisitions were funded using cash on hand.
According to comments from the company, this acquisition of over ...
| Max Sales Group Buys 64k sf Warehouse Property in City of Industry
Max Sales Group purchased a 64k sf industrial warehouse in the City of Industry for $11.525 mil ($180/sf). Max Sales Group is a wholesale manufacturer of products, including consumer electronics and home, auto, kitchen, and p...
| Scopely Leases 60k sf in Culver City
Scopely has signed a lease for 60k sf of office space at a new property in Culver City. The building, located at 8888 Washington, is an expansion of Runyon Group’s Platform project. It is expected to be completed in late 2020...
| Archway Holdings Buys 40k sf Office Asset in Hollywood
Archway Holdings acquired a 40.3k sf office property in Hollywood. The price was not disclosed, although we can tell you that it last sold a little over three years ago for $19 mil, or about $470/sf. The building was the home...