| L.A. Site Entitled for 65-Unit Res Development Trades for $6 Mil
A 16k sf parcel in Los Angeles currently entitled for development of up to 65 residential units was purchased by a private investor/developer for $6 mil. The land, located at 606 N. Western Ave, just south of Melrose Ave, was...
| Santa Clarita Multifamily Community Traded for $54 Mil
The Retreat, a 148-unit multifamily asset in Santa Clarita, traded hands in a recent, $54.1 mil ($365.5k/unit) transaction. The buyer was an Orange County-based family investment entity.
Located across the street from Santa ...
| Sherman Oaks Office Building Sells for $280/sf
A 24.9k sf office building in the San Fernando Valley community of Sherman Oaks traded hands in a $7 mil deal, valuing the property at around $280/sf. The structure, located at 5121 Van Nuys Blvd, just south of Magnolia Blvd,...
| Cruzan and Independencia Asset Management Spend $37 Mil on Burbank Post-Production Facility
A 95k sf, fully leased post-production property in Burbank was acquired for $37.4 mil by a partnership between Cruzan and Independencia Asset Management. It was sold by Strategic Office Partners.
The building, located at 213...
| Long Beach Res Sale Comps at $223k/Unit
A 20-unit apartment property located at 1000 Redondo Ave in the Eastside submarket of Long Beach sold for $4.455 mil, or $222.8k/unit. The buyer was a private investor out of Los Angeles.
Built in 1929, the 9.6k sf, two-sto...
| South Pasadena Multifamily Property Comps at $356k/Unit
A 42-unit multifamily community in South Pasadena was picked up by a private investor in a $14.95 mil ($356k/unit) deal. Constructed in 1957, the property sits on a one-acre lot at 1760 State St.
The building features a unit...
| Norwalk Multifamily Community Gets New Owner in $81 Mil Transaction
Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, traded hands in a recent transaction valued at $81 mil, or $422k per unit. The property was sold by RedHill Realty Investors, S...
| Meta Housing Corporation Wraps Up Work on 74-Unit Senior Housing Project in La Puente
Meta Housing Corporation has finished construction on a 74-unit, affordable senior housing development in La Puente, CA. The $29 mil project, Arboleda Apartments, was built by RAAM Construction, along with AMJ Construction Ma...
| The Amidi Group Finishes Work on 1027 Wilshire Live/Work Project in Downtown L.A.
The Amidi Group has completed work on 1027 Wilshire in downtown Los Angeles, an expansion to the firmís existing upscale building, TENTEN Wilshire, which is located just across the street.
The TENTEN lifestyle includes livin...
| Moonbug Entertainment Takes 15k sf Space Adjacent to Farmers Market in Los Angeles
Moonbug Entertainment agreed to a three-year lease for a 15k sf creative office space in Los Angeles. The firm will use the second-floor space, located at 110 S. Fairfax Ave, as the new U.S. headquarters for the global, Londo...
| Tourmaline Capital Pays Almost $500/sf for Long Beach Retail Strip Center
Tourmaline Capital paid $16.2 mil for Marina Center, a 32.8k sf ($494/sf) retail strip center along the Pacific Coast Highway in Long Beach. The asset was sold by a private investor who owned the property for over 23 years.
| Rexford Industrial Realty Completes $182 Mil Tech Campus Buy in Torrance
Rexford Industrial has purchased Torrance Technology Campus, a five-building, 576k sf technology campus situated on 27 acres in the heart of the Los Angelesí South Bay region. The property, located at 3100-3110 Lomita Blvd an...
| Pasadena Office Asset Trades in $80 Mil Transaction
A Los Angeles-based private investor closed on the purchase of a three-building office portfolio totaling 242k sf in downtown Pasadena for $80 mil. The property, known as 2 N Lake, comprises an 11-story, a three-story and a s...
| FremantleMedia Takes 43k sf Studio Space at Reframe Studios in L.A
FremantleMedia leased 43k sf of studio space at the newly developed Reframe Studios in Los Angeles. Fremantle, a producer of live unscripted television shows including American Idol and The Price is Right, signed a 12-year le...
| Greenpointe Development Set to Start 124-Unit Mixed-Use Project in L.A.ís Leimert Park Neighborhood
Greenpointe Development is set to move forward on a mixed-use project in the Leimert Park neighborhood of south Los Angeles. The development, located at 4242 Crenshaw Blvd, is planned to include 124 apartment units and 6k sf ...
| Prime Residential Buys 454 Res Units in Hermosa Beach for $275 Mil
In a major SoCal multifamily trade, Prime Residential acquired two adjacent multifamily assets located two blocks from the beach in Hermosa Beach for a combined price tag of $275 mil. The assets are Playa Pacifica, with 285 u...
| Champion Real Estate Company Picks Up Former Fraternity House at USC in $7.5 Mil Deal
Champion Real Estate Company has acquired the former University of Southern California (USC) Alpha Gamma Omega fraternity house located at 2831 University Ave in Los Angeles from University at 30th Investors LLC for $7.5 mil....
| Newly Constructed El Segundo Building Sells for $778/sf
A 90k sf, two-story creative office asset in the heart of El Segundo has traded hands in a $70 mil ($778/sf), off-market transaction. The vacant building, located at 2221 Park Place, was recently completed and is in shell con...
| Hager Pacific Properties Buys 145k sf Industrial Asset in Unincorporated L.A. County
A two-building, 145k sf industrial complex in L.A.ís South Bay submarket was purchased by Hager Pacific Properties for $17.25 mil ($119/sf). The property is located at 13255 S. Broadway and 360 W. 132nd St in unincorporated L...
| Singerman Real Estate and Darnell Capital Secure $23 Mil for Development of a Senior Housing Community in Rolling Hills Estates
Singerman Real Estate and Darnell Capital have obtained $23 mil in construction financing for, a to-be-built, 87-unit, assisted living and memory care community. The project is located in Rolling Hills Estates, on the Palo Ve...