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December 6, 2021
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LOS ANGELES COUNTY NEWS
Archive
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• Ranch Harbor and Manhattan West Real Estate Buy Signal Hill Industrial Property
2/26/21
A venture between Ranch Harbor and Manhattan West Real Estate has acquired a .79‐acre, value-add industrial property in Signal Hill. The property consists of two single-tenant industrial buildings totaling 18.7k sf with...
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• California Community Foundation Buys Office Property in Downtown L.A.
2/22/21
California Community Foundation purchased a 54.7k sf office property in Downtown Los Angeles for $15.4 mil, or $282/sf. Built in 1978, the building is located at 717 West Temple St, in downtown’s C.B.D. The property is a fou...
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• L.A. Developer Buys Pasadena Laemmle Theatre in Sale/Leaseback Deal
2/18/21
Los Angeles-based art-house cinema chain Laemmle Theatres has completed the sale-leaseback of its Pasadena location. Laemmle’s 22.9k sf Laemmle Playhouse 7, located at 673 E. Colorado Blvd in Old Pasadena’s Playhouse District...
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• Venice Apartment Property Trades for $325k/Unit
2/18/21
An eight-unit apartment complex in Venice sold for $2.6 mil, or $325k/unit. The buyer was AIMCAP Corp. The property, located at 724 and 728 Machado Dr, consists of twin sister buildings with a mix of both one- and two-bedr...
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• S.A.S. Services Group Buys Automotive Property Near L.A.X.
2/15/21
An automotive retail building and lot totaling more than 11.6k sf, located adjacent to Los Angeles International Airport (LAX) in Los Angeles, was purchased for $3.49 mil by airline and airport ground services handling compan...
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• Healthcare Realty Trust Purchases 52k sf OC Office Building
2/11/21
A 52.4k sf, multi-tenant office building in Laguna Woods sold to Healthcare Realty Trust, a Nashville-based real estate investment firm, for $13.1 mil ($250/sf). Located at 24361 El Toro Rd, the property was originally buil...
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• CBRE Acquires Beezley Management
2/10/21
CBRE has acquired Beezley Management (Beezley), a construction management and project advisory services firm based in the Los Angeles area. Beezley serves clients throughout the greater Los Angeles area and nationally and has...
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• Palmdale Retail Asset Trades for $9 Mil
2/10/21
A private investor from Los Angeles paid $9 mil for a 56.3k sf portion of Towne Square West, a retail center located at 2220 E. Palmdale Blvd in Palmdale. Built in 1989 and situated on just under eight acres of land, the valu...
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• Rexford Industrial Realty Starts the Year Off with $73 Mil in SoCal Industrial Acquisitions
2/09/21
Rexford Industrial Realty acquired five SoCal industrial assets for a total price of $72.7 mil. The purchases included 176.7k sf of improvements, a 2.5-acre industrial outdoor storage site and a 5.6-acre redevelopment site. T...
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• Hawkwood Ventures Spends $24 Mil on Redondo Beach Creative Campus
2/09/21
Hawkwood Ventures paid $24 mil for Linq, a 50k sf ($480/sf) creative office campus in Redondo Beach. The property consists of two one-story office buildings located at 2400 Marine Ave, on the west side of the 405 Fwy about mi...
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• Mixed-Use Property in L.A.’s Koreatown Goes for Over $500/sf
2/04/21
A 28.3k sf, mixed-use retail and medical office property in Los Angeles’ Koreatown sold for $15.25 mil ($539/sf).The three-story property, located at 2970 W. Olympic Blvd, features 20k sf of medical-related office spaces and ...
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• Long Beach Apartment Building Comps at $236k/Unit
2/02/21
In a recent multifamily sales comp from Long Beach, a 22-unit apartment property sold for $5.2 mil ($236k/unit). Built in 1963, the property is located at 1315 W. 19th St, north of Hwy 1 and west of the 710 Fwy. The property...
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• Robhana Group Makes $8 Mil Retail Buy in Lomita
2/01/21
Robhana Group purchased a NNN-leased retail property in Lomita for $8.2 mil. The property, located at 24911 S Western Ave, was sold by MGP IX PROPERTIES LLC, an entity of Merlone Geier Partners. The property sits on more tha...
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• Community Corporation of Santa Monica Starts Work on 73-Unit Affordable Housing Project
1/29/21
Community Corporation of Santa Monica has broken ground on Las Flores Santa Monica, a 73-unit, 94k sf affordable housing community in Santa Monica. The project, located at 1834 14th St, was designed by DE Architects and is be...
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• Hackman Capital Partners and Square Mile Capital Management Buy Sony Pictures Animation Campus in Culver City
1/29/21
Hackman Capital Partners and Square Mile Capital Management have acquired the Sony Pictures Animation Campus, a three-building, 182.2k sf office property in downtown Culver City, in a deal said to be worth $160 mil. The asset...
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• Sonnenblick Development Picks Up Monterey Park Office Property for $37.5 Mil
1/29/21
Los Angeles-based Sonnenblick Development LLC has acquired The Monterey Park Government Center, an 86k sf, two-story office building just east of Downtown Los Angeles, for $37.5 mil, or $436/sf. The building, previously know...
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• Apartment Building in L.A.’s Koreatown Trades for $317k per Unit
1/29/21
A nine-unit apartment property in L.A.’s Koreatown submarket traded for $2.85 mil ($317k/unit). The property, located at 821 S. Gramercy Dr, 66% vacant upon close of escrow, presenting significant upside potential for the new...
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• Neighborhood Office/Retail Property in Santa Clarita Trades for about $10 Mil
1/28/21
Sierra Crest Center, a 66.8k sf, neighborhood retail and office center in Santa Clarita, was purchased by a joint venture group for $9.9 mil ($148/sf). The buyer is a consortium of developers led by Synergize Ventures from Da...
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• West Harbor Capital Launches New Investment Vehicles and Acquires SoCal Industrial Property
1/28/21
West Harbor Capital has closed two investment vehicles: a programmatic joint venture with an institutional investor and a private capital fund, WHC Value Fund. West Harbor specializes in acquiring and repositioning infill ind...
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• Universe Holdings Spends $6.9 Mil for Historic Multifamily Community in Hollywood
1/25/21
Universe Holdings has acquired Villa Valentino, an historic 18-unit multifamily community in Hollywood, for $6.9 mil ($383k/unit). Built in 1926, the property is located at 2000 N. Highland Blvd, north of Hollywood Blvd and j...
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