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December 8, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Apartment Property in Bellflower Sells for $231k/Unit
4/16/19
Bellflower Boulevard Apartment Homes, a 26-unit multifamily community in Downey, was acquired by a private investor for $6 mil, or $231k/unit. Located at 11638 Bellflower Boulevard, the property consists of 17 one-bedroom a...
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• Exchange Investor Trades into $8.5 Mil Auto-Based Retail Center
4/16/19
Valencia Autoplex, a fully occupied, three-building 20.5k sf retail center in Valencia, traded hands for $8.5 mil ($415/sf). The buyer was a Los Angeles-based private investor. Built in 1996 and situated on 1.81 acres at 235...
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• Santa Monica Office Asset Trades for Almost $1,000/sf
4/16/19
A 16.1k sf, three-story freestanding office compound in the heart of the Santa Monica media district sold for $16 mil, or $994/sf. The buyer was Ryobi Holdings. Built in 1982, the property is located at 1545 26th St, betwee...
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• Brevast US Acquires LA-Area Office Assets Totaling 158k sf
4/15/19
Breevast US purchased the two LA-area, Class A office buildings totaling 158.8k sf from Ocean West Capital Partners in an off-market. The properties are located at 8942 Wilshire Blvd in Beverly Hills and 4525 Wilshire Blvd in...
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• Apartment Building in West Hollywood Sells for $488k/Unit
4/15/19
A four-unit apartment building in West Hollywood has sold for $1.95 mil ($487.5k/Unit), or $561/sf. The property, located at 8904 Rangely Ave, was acquired by Rangely Partners LLC, a Los Angeles area real estate investor. Th...
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•  Senior Housing Development Planned for Los Angelesí Koreatown Neighborhood
4/12/19
Meta Housing Corporation and Western Community Housing have formed a joint venture to develop Vermont Corridor Apartments, a six-story, transit-oriented senior and permanent supportive housing multifamily community in Los Ang...
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• Cultural Landmark Building in Downtown L.A. Refinanced with $16 Mil Loan
4/11/19
Duns Capital has obtained a $16 mil cash-out loan on a recently converted seven-story, mixed-use property in Downtown Los Angelesí Fashion District. The permanent debt financing took out an existing floating rate loan and was...
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• Chatsworth Industrial Building Trades for Just Under $10 Mil
4/10/19
A 55k sf industrial building in Chatsworth sold for $9.65 mil, or $175/sf. The property is located at 9240 Jordan Ave, north of Nordhoff St and east of Topanga Canyon Blvd. It was acquired by Allsale Electric, a division of ...
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• Vacant Office Property in El Segundo Sells for $564/sf
4/10/19
A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delive...
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• Low-Income Senior Housing Project in Lancaster Sells for $8.65 Mil
4/09/19
Aurora Village Apartments, a 132-unit, low-income senior housing project located in what is envisioned to become Lancasterís Medical Main Street, has traded for $8.65 mil, or $65.5k/unit. The community sits on 3.4 acres at 4...
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• Luxury Res Project Opens in L.A.ís Miracle Mile District
4/09/19
The Mansfield at Miracle Mile, a new mixed-use project in L.A.íS Miracle Mile area, has opened to the public. The project, located at 5100 Wilshire Blvd, a block away from the future Purple Line Station at Wilshire and La Bre...
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• HBO Leases 240k sf at Ivy Station Project in Downtown Culver City
4/08/19
HBO inked a long-term deal for the 240k sf of office space at the Ivy Station mixed-use, campus development in Culver City. HBO intends to use the space as its West Coast corporate HQ, relocating from its current space at Col...
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• San Fernando Valley Movie Production Property Trades for $181/sf
4/08/19
Movie Tech Studios, an 8.9k sf movie production studio property in Van Nuys, sold for $1.6 mil, or $181/sf. The property is located at 14737 Arminta St, west of Van Nuys Blvd and south of Roscoe Blvd. For over 61 years Movie...
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• Harbor Associates Closes $48 Mil Office Buy in the San Fernando Valley
4/08/19
In a recent office buy in the San Fernando Valley, Harbor Associates LLC has acquired Encino Office Park, a four-building, 213.5k sf transit-oriented office campus in Encino, or $47.85 mil, or $224/sf. Located at 6345 Balboa ...
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• Private Investor Spends $11.6 Mil on Office Building in the San Fernando Valley
4/03/19
A private investor paid $11.6 mil for a 39k sf ($298/sf) office building in the San Fernando Valley community of Sherman Oaks. The property is located at 12925 Riverside Dr, just north of the 101 Fwy and west of Coldwater Can...
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• Construction of 212k sf Building 3 at The Center at Needham Ranch in Santa Clarita is Well Underway
4/01/19
Building 3 of The Center at Needham Ranch has officially gone vertical, with the raising of the walls now underway. The project is a development of Trammell Crow Company and Clarion Partners LLC, who will also soon be commenc...
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• Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
4/01/19
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
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• Gemalto Cogent Relocates to 55k sf of office space in Northeast Pasadena
4/01/19
Gemalto Cogent Inc signed a long-term lease worth $14 mil for 54.8k sf office space in northeast Pasadena. Gemalto is a biometric identity solutions and digital security company. Gemalto leased the entire second floor along ...
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• Lancaster Retail Asset Fetches Nearly $500/sf
3/29/19
Real estate investment trust Ares Commercial Real Estate Corp bought a 10.4k sf retail property in Lancaster in a recent $5.12 mil ($492/sf) transaction. Located at 43545 10th St W, the property is currently leased to three n...
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• Four Multifamily Assets in the San Fernando Valley Totaling 61 Units Trade for $11.8 Mil
3/29/19
Two multifamily portfolios in the San Fernando Valley, totaling four buildings and 61 units, sold in separate deals worth a combined $11.8 mil ($193.4k/unit). The first portfolio consisted of two buildings located at 19340 W...
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