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July 8, 2020
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LOS ANGELES COUNTY NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  219
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• Production Pause Ripples Across L.A.'s Media and Entertainment Space
4/24/20
This report was provided to us by CBRE •Social distancing regulations have slowed Los Angeles’s media juggernaut as movie theaters close and filming stops. •The film industry occupies a considerable amount of regional com...
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• Southern California Curling Center Takes 42k sf Space in Vernon
4/24/20
Southern California Curling Center (SCCC) inked a 62-month lease for 42k sf of space in Vernon in a deal worth just over $3 mil. Built in 1996, the warehouse is located at 4545 Pacific Blvd, east of Alameda St and south of I-...
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• Universe Holdings Obtains $19.7 Mil Cash-Out Money on Seven Res Properties in Inglewood
4/24/20
Universe Holdings has received $19.71 mil in cash-out financing secured by seven of its multifamily communities in Inglewood. Two separate loans allowed Universe to pay off the existing mortgages on the value-add properties a...
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• Los Angeles Apartment Portfolio Sold in Four Transactions Totaling $102 Mil
4/23/20
The Armor Portfolio, a multifamily portfolio consisting of 26 properties in the Los Angeles area with 642 units, has sold over the course of a year in four separate transactions totaling $102 mil, for an average price of $158...
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• Mitsui Fudosan America Looking to Break Ground this Year on 41-Story Res Tower in Downtown Los Angeles
4/21/20
Here is a rendering of the completed design of Eighth and Figueroa, a 41-story residential tower project in Downtown Los Angeles, targeted to break ground in 2020. The tower is a development of Mitsui Fudosan America and was ...
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• Lawndale Retail Property on Hawthorne Blvd Trades for $2.95 Mil
4/21/20
An 11.7k sf, retail storefront property in Lawndale sold for $2.95 mil, or $252/sf. Built in 1955, the property is located at 16711-16725 Hawthorne Blvd, a few blocks south of the 405 Fwy. The building was renovated in 2002...
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• Private Investor Buys 27k sf of Properties along Westwood Blvd in Los Angeles
4/21/20
An unnamed private investor has purchased three parcels in West Los Angeles totaling roughly 27k sf. The properties are located at 2107-2121 Westwood Blvd, east of the 405 Fwy and a few blocks north of Olympic Blvd. They incl...
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• Two Multifamily Properties in L.A.’s Palms Neighborhood Fetch $9.5 Mil
4/16/20
Private investors have acquired two multifamily properties with a combined 29 units in L.A.’s Palms neighborhood in separate deals totaling $9.565 mil. Both properties had been owned by the seller for over 30 years and are co...
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• Rowan Sbaiti Joins BH Properties
4/15/20
Rowan Sbaiti has joined BH Properties as Senior Managing Director of Acquisitions, as the firm expands its significant real estate investment platform to include real estate bankruptcy and financial instrument acquisitions. ...
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• Two-Tenant Retail Property in the San Fernando Valley Sells for $715/sf
4/15/20
A 13k sf, net-leased property in the San Fernando Valley community of Reseda sold for $9.3 mil, or $715/sf. It is located at 6400-6416 Tampa Ave, at the northeast corner with Victory Blvd. The property is leased to Yogurtla...
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• BLT Enterprise Spends $20 Mil on Two L.A.Commercial Properties
4/14/20
BLT Enterprises has acquired two properties in Hollywood for a total price of $20 mil. The acquisitions include a creative office project at 5735 Melrose Ave, and an 18k sf production and entertainment office compound at 615...
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• Los Angeles Industrial Property Sells for $392/sf
4/14/20
A 15.3k sf, industrial property in Los Angeles sold for $6 mil, or $392/sf. The property is located at 5111 and 5119 Washington Blvd, north of I-10 and just west of La Brea Ave. Brandon Michaels with Marcus & Millichap repr...
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• Motel 6 Property in the San Fernando Valley Sells for $9 Mil
4/13/20
A 131.4k sf, Motel 6 hospitality property in the northern San Fernando Valley sold for $9 mil. The property is located at 15701, 15711 and 15725 Roscoe Blvd, just west of the 405 Fwy in North Hills. Brandon Michaels, Steven ...
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• Rexford Industrial Realty Spends $15.5 Mil on Azusa Industrial Asset
4/13/20
Rexford Industrial Realty Inc purchased a 71.7k sf industrial property in the San Gabriel Valley for $15.5 mil. The asset was acquired through a sale-lease-back, off-market transaction underwritten on a land value basis that ...
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• Universe Holdings Spends $25 Mil on 122 Res Units in the San Fernando Valley
4/10/20
Universe Holdings has acquired a 122-unit multifamily portfolio in the northern San Fernando Valley community of Granada Hills for $25.5 mil, or $209k/unit. The acquisition increases Universe’s portfolio in the San Fernando V...
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• Valencia Circle K Ground Lease Trades for $4 Mil
4/08/20
A Beverly Hills-based private trust acquired an absolute triple-net ground lease for a new construction, single-tenant Circle K convenience store and gas station in Valencia. The asset, located at 24010 Copper Hill Dr, sold f...
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• Pasadena Office Property Trades in $78 Mil Deal
4/02/20
Pasadena Corporate Park, a three-building, 260k sf office complex in Pasadena, traded hands in a recent deal worth $78 mil, or $300/sf. The development is located at 250 North Halstead St and 3475 E. Foothill Blvd, north of t...
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• Over 50 Acres of Coastal Land in Redondo Beach Sold to a Private Developer
4/01/20
A private developer has acquired roughly 51 acres of coastal land in Redondo Beach from AES US. The price was not given out. The property is the site of the AES Redondo Beach Power Plant, located at 1100 North Harbor Dr, jus...
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• Seen on the Street
3/31/20
This mural "America Needs Brains" was created and painted by Tristan Eaton and Saturno in 2017. It is on the side of the Graphaids' building at the corner of La Cienega Blvd and Blackwelder in eastern Culver City. Photo taken...
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• One Santa Fe Res Community in L.A.’s Arts District is Sold
3/30/20
An unnamed Canadian institutional investor purchased One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. It was sold by Berkshire Residential Investments. The price ...
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