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December 7, 2019
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LOS ANGELES COUNTY NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  211
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• Healthcare Realty Trust Buys Pasadena Medical Office Property
10/14/19
Healthcare Realty Trust, a publicly traded REIT, has boosted its portfolio with the acquisition of Cotton Medical Center, a 115k sf office property in Pasadena. The price was not disclosed. Cotton Medical Center is located a...
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• Long Beach Apartment Property Gets $237.5k/Unit in Recent Sale
10/11/19
A 12-unit apartment property in Long Beach sold for $2.85 mil ($237.5k/unit). The property is located at 5558 to 5562 Dairy Ave, just east of Long Beach Blvd and the 710 Fwy. Built in 1961, the two-building property totals 7...
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• Lynn Owen Named CEO at Compass Acquisition Partners
10/11/19
Veteran multifamily executive Ms. Lynn Owen has joined real estate investment firm Compass Acquisition Partners as CEO. Owen brings more than 30 years of real estate management experience from some of the largest companies in...
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• Office Tower Near LAX Sells for $45 Mil
10/10/19
A 306.2k sf office tower along Century Blvd in L.A.’s LAX corridor was acquired for $45 mil by a partnership led by North Sea Capital. The 15-story building, located 5901 Century Blvd, was 92% leased at the time of sale. It w...
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• Commercial Real Estate Financing Briefs
10/10/19
CONTINENTAL PARTNERS - Brian Asheghian with Continental Partners arranged a $34 mil loan for a newly constructed 144-unit multifamily asset in North Hollywood. The loan serves to refinance the existing construction loan on th...
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• Investor Exchanges in South Pasadena Lot Ground Leased to Rite Aid
10/10/19
A SoCal-based private investment company paid $7.2 mil for a ground lease parking lot adjacent to a Rite Aid store in South Pasadena. The 27k sf lot is located at 900 S. Fair Oaks Ave, west of Arroyo Pkwy near the northern t...
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• Harbor Associates Wraps Up $43.5 Mil Office Buy in San Pedro
10/09/19
Harbor Associates paid $43.5 mil for a 292.5k sf ($149/sf), Class A office building along San Pedro’s waterfront. The 11-story building, located at 222 W. 6th St, west of Harbor Blvd and south of the terminus of the 110 Fwy, ...
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• Former Woolworth Building in Glendale Goes for $18 Mil
10/09/19
A 43.4k sf, mixed-use retail and office property at 201 N. Brand Blvd in Glendale has traded for $18.1 mil, or $417/sf. The property was sold by Bow Truss Capital LLC. Formerly an historic Woolworth Building, the recently ...
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• Signal Hill Retail Center Sold by BIG Shopping Centers USA
10/09/19
Towne Center East, a fully leased, 154.8k sf retail center with multiple national anchors in Signal Hill, was acquired by an unnamed institutional buyer. The property was sold by BIG Shopping Centers USA, Inc. An institutiona...
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• Apartment Portfolio in Los Angeles’ Westlake/MacArthur Park District Sells in $48 Mil Deal
10/08/19
A three-property apartment portfolio comprised of 192 multifamily units in L.A.’s Westlake/MacArthur Park submarket, traded hands in a $48.25 mil ($251.3k/unit) deal. We’re told the transaction is one of the five largest deal...
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• Rexford Industrial Realty Spends $76 Mil on Trio of SoCal Industrial Assets
10/08/19
Rexford Industrial Realty has acquired three SoCal industrial properties for $76 mil. The purchases were funded using cash on hand. In the largest deal, Rexford acquired Slauson Commerce Center, located in City of Commerce w...
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• Los Angeles CVS Sells for $439/sf
10/07/19
A 16.5k sf, retail property in Los Angeles leased by CVS Pharmacy was purchased for $7.25 mil ($439/sf) by a local 1031-exchange investor. The property is located at 4501 W. Slauson Ave, at a signalized corner. It’s situat...
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• Sinanian Development Buys Dev Site in Tarzana
10/03/19
Sinanian Development paid $4.44 mil in an off-market sale for a 1.29-acre parcel of land in Tarzana. The site, located at 18600 Oxnard St, was sold by Columbia College Hollywood. The property was sold in a sale-leaseback of...
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• Distinctive Culver City Retail Building Sells for $650/sf
10/02/19
Tova Capital Inc has acquired the “Allied Model Trains” building, a 12.6k sf retail structure in Culver City, for $8.2 mil ($651/sf). The building is located at 4411 Sepulveda Blvd, east of the 405 Fwy and just south of Culve...
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• Ace Metrix Leases El Segundo Office Space
9/30/19
Ace Metrix inked a $2.2 mil lease for 9.1k sf of office space in El Segundo. The firm’s new location is at 1960 East Grand Avenue, a 12-story, 260.4k sf Class A building situated on 5.3 acres in the heart of El Segundo’s Supe...
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• Commercial Real Estate Financing Briefs
9/30/19
HIGHLAND REALTY CAPITAL - Mike Guterman and Brad Sevier with Highland Realty Capital arranged a $66.5 mil bridge loan on behalf of an affiliate of Pearlmark Real Estate for Village Walk, a 149.3k sf, Whole Foods- anchored sho...
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• Join Top CRE Pros from Long Beach & the South Bay at RENTV's State of the Market Conference Oct 24
9/29/19
Join us at our 4th Annual South Bay / Long Beach State of the Market Conference for an opportunity to hear from and network with industry experts who will discuss the office, industrial, retail and multifamily markets for Lo...
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• Burbank Multi-Tenant Building Sells for $389/sf
9/27/19
A 14k sf, multi-tenant commercial building in Burbank has traded for $5.45 mil, or $389/sf. The property is located at 3601 Magnolia Blvd, north of the 134 Fwy, roughly midway between the 170 Fwy and I-5. The property consis...
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• Advanced Real Estate Services Inc Buys 235-Unit Multifamily Property in Long Beach
9/27/19
Advanced Real Estate Services Inc (ARES) has acquired a 235-unit apartment building in Long Beach. The property, Alvista Long Beach” is located at 1718 Ximeno Ave, in the “Traffic Circle” area near California State Universit...
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• Westside L.A. CRE Experts Offer Industry Insight about the Region at RENTV Conference
9/26/19
On September 6, many of the leading commercial real estate pros active throughout Westside Los Angeles met at RENTV's annual State of the Market Conference to provide their insight about the region's real estate markets. Here...
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