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March 29, 2024
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LOS ANGELES COUNTY NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  267
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• Aon Tower in Downtown Los Angeles Trades for $147.8 Mil
12/26/23
Aon Center, a 1.1 msf office tower at 707 Wilshire Blvd in downtown Los Angeles, traded hands in a $147.8 mil transaction. The deal, which works out to about $134/sf, is the largest post-pandemic office sale in downtown Los ...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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• Temple City Res Development Opens to the Public
12/22/23
Begonia Place, a four-story, 74-unit residential/retail development in Temple City, has been completed and is now open to the public. The $37.8 mil project was built by C.W. Driver Companies on behalf of Begonia Real Estate D...
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• Exchange Investor Pays $324/sf for Inglewood Retail Center
12/19/23
An L.A.-based exchange investor bought a 12.8k sf, multi-tenant retail center anchored by Dollar General in Inglewood for $4.15 mil ($324/sf). The seller was also a private investor based in Los Angeles. Built in 1961 and re...
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• DCW Inc Leases 115k sf Industrial Facility in Rancho Dominguez
12/15/23
DCW Inc, a warehousing, fulfillment, distribution, and transportation services company, inked a $10.08 mil lease for a 115.7k sf industrial warehouse property in Rancho Dominguez. The property, located at 3040 E. Ana St, is o...
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• Private Investor Exchanges into Five Res Properties in Torrance and Long Beach
12/14/23
A private investor has purchased five multifamily properties in Torrance and Long Beach from different sellers to fulfill their 1031 exchange requirement following the sale of a 3.82-acre property in Torrance. CBRE’s Dan Bl...
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• Bristol Farms Inks Lease at New Modera Argyle Development in Hollywood
12/13/23
Upscale regional grocer Bristol Farms agreed to a 15-year lease for 23.2k sf of space at Modera Argyle, a 276-unit, luxury res development at the corner of Selma and Argyle Avenues in the heart of the Hollywood Entertainment ...
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• RectorSeal Leases 240k sf at Tejon Ranch
12/11/23
RectorSeal LLC has agreed to a lease for 240k sf of space within a 480k sf industrial facility at Tejon Ranch Commerce Center (TRCC). RectorSeal, a manufacturer of quality HVAC/R and plumbing products distributed globally, be...
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• PACE Facility in Long Beach Trades Hands
12/06/23
WelbeHealth Long Beach Center, a newly renovated, 15.9k sf PACE (Program of All-Inclusive Care for the Elderly) facility in Long Beach, has traded hands. Located at 1220 E 4th St., the WelbeHealth Long Beach Center is a PACE ...
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• Commercial Real Estate Financing Briefs
12/05/23
CAPITAL MARKETS - Jordan Angel, Mike Huth and Ethan Habecker with JLL Capital Markets arranged $22.5 mil acquisition financing for The Hampton Inn & Suites in Truckee, CA on behalf of JMA Ventures LLC. The property features ...
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• Watch Interview with Fidelity Mortgage Lenders' Founder & President Chuck Hershson
12/05/23
In this latest episode of Commercial Real Estate Talk with Steve and Arnie, Chuck Hershson "Uncle Chuck", discusses: his start in the commercial real estate lending business; how his business has evolved over 50 years; his ma...
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• Clarion Partners LLC and Baranof Holdings Buy 677-Unit L.A. Area Self-Storage Asset
12/01/23
South Pasadena Storage, a 677-unit self-storage facility located in South Pasadena, was acquired by a joint venture between Clarion Partners LLC and Baranof Holdings out of Dallas, TX. It was sold by Gelt Ventures. The price ...
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• Harbor Associates LLC and Evergen Equity Spend $55 Mil on L.A. Area Industrial Portfolio
11/28/23
Harbor Associates LLC, in a joint venture with Evergen Equity, has acquired a 126k sf industrial real estate portfolio in Gardena from a local investor in an off-market transaction valued at $55 mil ($436/sf). The portfolio...
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• Mason Waite Named Managing Director of Asset Management at BKM Capital Partners
11/27/23
Mason Waite has been named Managing Director of Asset Management at BKM Capital Partners. He will also serve on the Investment Committee for the company, which specializes in the acquisition and improvement of value-add multi...
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• Los Angeles Apartment Property Sells for $647k/Unit
11/27/23
A new construction, four-unit multifamily property in the Pico Union submarket of Los Angeles sold for $2.59 mil, or $647.5k/unit. Built in 2021, the turn-key property is located at 1807 S. New Hampshire Ave and is not subje...
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• Traveler’s Insurance Leases 41k sf of Office Space in the San Gabriel Valley
11/22/23
Traveler’s insurance inked a 66-month lease for 41.6k sf of office space in the eastern San Gabriel Valley city of Diamond Bar. The Class A, three-story 80.2k sf building is located at 21680 Gateway Dr, south of Hwy 60 and ad...
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• Steinhauer Properties Acquires Long Beach Site for Planned Hard Rock Hotel
11/17/23
Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach. The new hotel i...
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• Apartment Property in L.A.’s Koreatown Sells for $225k/Unit
11/17/23
A 10-unit apartment property located in Los Angeles’ Koreatown submarket traded for $2.25 mil, or $225k/unit. The property is located at 2900 Francis Ave, east of Vermont Ave about midway between Wilshire and Olympic Blvds. ...
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• Single-Tenant El Segundo Building Lands $15 Mil Refi
11/16/23
A 51k sf, single-tenant building in El Segundo has been refinanced with a new loan for $15.3 mil. The flex/office property is located at 601 Hawaii St, adjacent to LAX within Los Angeles' South Bay submarket. The one-story ...
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