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August 17, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Meridian Closes $7.5 Mil Medical Office Buy in Torrance
12/17/18
Meridian has acquired a 26k sf, medical office building in Torrance for $7.5 mil ($288/sf). Meridian plans to invest an additional $3.6 mil in the property by the time the building is fully leased. Located at 3531 Fashion Wa...
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• San Francisco Real Estate Firm Buys 60k sf Industrial Building in Compton
12/13/18
A 60k sf, industrial building in the city of Compton has traded hands for $11.1 mil, or $185/sf. The property was acquired by Terreno Realty Corporation, a San Francisco-based public real estate investment trust. Located at ...
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• SoCal Industry Pros Provide San Fernando Valley/Tri-Cities Insight at RENTV Conference
12/12/18
A number of commercial real estate experts shared their insight about the office, industrial, retail and multifamily markets in the San Fernando Valley and Tri-Cities regions at RENTV's annual State of the Market Conference l...
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• Vacant DTLA Office Building to Be Converted into a 180-Room Hotel
12/12/18
Oceans V has secured $50.9 mil in construction financing to reposition a vacant office building into the Cambria Hotel and Suites, a 180-room, full-service hotel in downtown Los Angeles. The loan was arranged by HFF’s Matthew...
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• Bolour Associates Buys Flex Commercial Building in Woodland Hills
12/12/18
Bolour Associates Inc purchased a 50k sf, single-story flex commercial building situated on a three-acre site in Woodland Hills. The property, located at 21200 Oxnard St, is part of the Warner Center 2035 Specific Plan, which...
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• North Hollywood Industrial Building Trades for $3.25 Mil
12/07/18
A fully renovated, 7.9k sf industrial building in North Hollywood was purchased by a private investor for $3.25 mil, or $413/sf, in a deal said to be one of the highest per-square-foot industrial sale prices recorded to-date ...
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• Universe Holdings Secures $27.65 Mil in Cash-Out Refi Loans on Three L.A. Apartment Assets
12/06/18
Taking advantage of the rising property values in its approximate 2,500-unit apartment portfolio, Universe Holdings has received $27.65 mil in cash-out refinance loans secured by three of its Los Angeles apartment communities...
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• Creative Office Portfolio in Culver City Lands $231 Refi Loan
12/06/18
Square Mile Capital Management LLC and Deutsche Bank have co-originated $231.6 mil in financing for a 319.4k sf creative office portfolio located in Culver City. The borrower is Samitaur Constructs, a Los Angeles-based owner/...
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• New Res Project in L.A.’s Melrose Area Opens
12/06/18
A new, 63-unit mixed-use development in Los Angeles has opened to the public. The project, nVe at Fairfax, was developed by Micropolitan and designed by KFA. nVe at Fairfax is located at 639 N. Fairfax Ave, just off Melrose ...
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• Rexford Industrial Realty Spends $43.5 Mil for Two SoCal Industrial Assets
12/05/18
Rexford Industrial Realty recently acquired two SoCal industrial properties – in Chatsworth and La Palma -- for $43.5 mil. The acquisitions were funded using available cash on hand. In one of the purchases, Rexford acquired ...
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• Shopping Center in L.A.’s Pico-Robertson Area Trades for $50 Mil
12/04/18
The Balcony at Beverwil, a fully leased, 71.2k sf shopping center in the Pico-Robertson area of West Los Angeles, sold for $50.25 mil, or about $705/sf. The property, located at the southeast corner of Pico Blvd and Beverwil ...
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• San Pedro Res Property Gets a New Owner in $20 Mil Transaction
11/30/18
Bayridge Apartment Homes, a 60-unit, garden-style condo-mapped multifamily community in San Pedro, has sold for $20.5 mil ($342k/unit). The property was purchased by CA-based Manchester Square 2 LLC. Located at 1099 W. Capit...
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• Radiology Partners Leases El Segundo Creative Office Space
11/30/18
Radiology Partners inked a lease for 68k sf of space at Ascend, an 80k sf creative office building in El Segundo. Radiology Partners is the largest physician-owned and physician-led radiology practice in the nation. Located...
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• SoCal Multifamily Loan Hat Trick Totals Nearly $14 Mil
11/30/18
A trio of recent SoCal multifamily financing transactions totaled up to $13.89 mil. The loans were all arranged by Continental Partners’ J.M. Grimaldi, Carl Riggins and Brian Asheghian. The largest of the deals was $5.4 mil ...
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• Taylor Fresh Foods Leases 111k sf Frozen/Refrigerated Facility in Commerce
11/29/18
Taylor Fresh Foods has agreed to a long-term lease for a 111.3k sf, frozen/refrigerated industrial facility in Commerce. Taylor is a nearly 25-year-old Central California-based company with over 10,000 employees, and is a pop...
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• Vernon Warehouse/Manufacturing Facility Goes for $24.5 Mil
11/28/18
A vacant 116.5k sf, Class A warehouse/manufacturing building in Vernon sold for $24.52 mil, or $210/sf. Vernon, an industrial city of just 5.2 square miles, is located several miles to the southeast of downtown Los Angeles. ...
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• Retail Property Just Outside of Downtown L.A. Fetches over $700/sf
11/28/18
A 4.2k sf retail property Los Angeles’ Westlake District, less than half a mile from downtown Los Angeles, sold for $3 mil ($714/sf). The asset, located at 1216 W. 7th St, was sold by Sislin Family Trust. The property is wit...
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• Newly Built San Pedro Del Taco Sells for Almost $2,300/sf
11/28/18
A newly developed, 2.4k sf single-tenant property occupied by Del Taco in San Pedro sold for $5.5 mil ($2,291/sf). Del Taco recently opened its doors at this location and signed a 20-year corporate guaranteed NNN lease. Lo...
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• Creative Office Asset in Long Beach Trades in $60 Mil Deal
11/27/18
The Hubb, a 210.4k sf creative office property in downtown Long Beach, traded hands in a recent $60.5 mil ($288/sf) transaction. The asset, situated on a full city block totaling just over two acres at 100 West Broadway, was ...
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• WeWork Doubles Presence at West Hollywood’s Pacific Design Center
11/27/18
WeWork, the national coworking company, has more than doubled its presence at the Pacific Design Center (PDC) to accommodate the rapid growth and popularity of WeWork’s model for shared working environments that appeal to you...
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