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March 29, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• West L.A. Office Building Finds New Owner in $9.3 Mil Deal
4/03/23
A SoCal-based private investor paid $9.3 mil for a 20.6k sf ($451/sf) office building in the Brentwood/Westwood area on L.A.’s Westside. The property, located at 520 S. Sepulveda Blvd, was built in 1970 and renovated in 2022....
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• Construction Started on 292-Unit San Gabriel Valley Res Community
4/03/23
Work has started on Solana at Duarte Station, a new 292-unit five-story luxury apartment community located in the San Gabriel Valley city of Duarte. The project, which includes an eight-story parking structure, is a developme...
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• Local Law Firm Pays $2.9 Mil for Studio City Mixed-Use Property
3/31/23
A 6.6k sf mixed-use property in Studio City traded for $2.9 mil, or $437/sf. The property, situated on an 8.3k sf lot at 3611 Cahuenga Blvd, consists of a residential triplex built in 1960 and five units of office space built...
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• Positive Investment Spends $8 Mil on 34 Res Units in Lawndale
3/31/23
Positive Investments wrapped up a SoCal res buy, paying $8.21 mil for The Lawndale Portfolio, two multifamily assets totaling 34 units ($241.5k/unit) in the L.A.-area city of Lawndale. The properties were 94% occupied at the ...
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• TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
3/31/23
TTM Real Estate Capital, a subsidiary of Cannon Commercial, has acquired HHLA, the 245.4k sf retail center that makes up part of the Howard Hughes Center mixed-use campus in Westchester, adjacent to Playa Vista on L.A.’s west...
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• San Fernando Valley Industrial Building Goes for $274/sf
3/30/23
A 26k sf industrial building in the heart of the San Fernando Valley traded for $7.135 mil, or $274/sf. The building is located at 15950-15952 Strathern St, south of Roscoe Blvd and west of the 405 Fwy in Van Nuys. The indu...
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• Haven Warner Center Res Community Trades in $54 Mil Transaction
3/29/23
Haven Warner Center, a 205-unit multifamily asset in Warner Center, a master-planned neighborhood and business hub in the western San Fernando Valley, sold for $54 mil, or $263.4k per unit. Completed in 1985, Haven Warner Ce...
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• Apartment Property in L.A.’s Mar Vista Area Sells for Over $500k/Unit
3/29/23
The Coral Tree Apartments, a 31-unit, 35.9k sf apartment complex in the Mar Vista area of Los Angeles, sold for $15.875 mil, or $512k per unit. The property is located at 4225 Inglewood Blvd, just south of Washington Blvd on ...
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• Golden Bee Properties Wraps Up $39.5 Mil Res Buy in Sylmar
3/28/23
Golden Bee Properties purchased Mountain View Manor, a 200-unit LIHTC multifamily property in the northeast San Fernando Valley community of Sylmar, for $39.5 mil ($197.5k/unit). The property is located at 12960 Dronfield Ave...
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• Single-Tenant Industrial Building in Carlsbad Gets New Owner in $11.8 Mil Deal
3/24/23
A 32k sf, single-tenant industrial building in Carlsbad sold for $11.85 mil ($370/sf). The property, located at 2070 Las Palmas Dr, in the City Centre industrial corridor, was acquired by a Covina-based family investment enti...
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• Class B Office Building in Woodland Hills Bought for $173/sf
3/23/23
A 48k sf office property in Woodland Hills sold for $$8.3 mil ($173/sf). The Class B building is located at 22801 Ventura Blvd, at the intersection with Fallbrook Ave. Located centrally on Ventura Blvd, with proximity to Cal...
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• Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
3/23/23
The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of ...
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• GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• North Palisade Partners Opens First Self Storage Development
3/15/23
North Palisade Partners has completed construction of its first self-storage facility in the L.A. area city of Huntington Park. The new facility sits on two acres of land at 2200 Nadeau St, just east of Alameda St. The three...
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• West Los Angeles Apartment Building Trades for $428k per Unit
3/14/23
The Glendon Apartments, a 27-unit apartment building in the Palms area of West Los Angeles, sold for $11.55 mil, or $428k/unit. The property, located at 3724 Glendon Ave, was sold by JEB Properties Inc. Built in 1986, the we...
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• Kidder Mathews SoCal Growth Leads to Opening of New Office in the San Fernando Valley
3/09/23
Kidder Mathews has opened a new office in the San Fernando Valley, continuing the firm’s rapid expansion in Greater Los Angeles. The office, located at 15260 Ventura Blvd in Sherman Oaks, is situated in a prime location direc...
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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• Lewitt Hackman Renews Its 23k sf Encino Office Space
3/08/23
The law firm of Lewitt Hackman has renewed its lease for 23.4k sf of office space in Encino. The firm inked a 10-year deal, estimated to be worth around $10 mil, which divides out to an average of around $3.50/sf/mo. The bu...
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• Kairos Investment Management and Harbor Associates Buy Hollywood Office Tower
3/07/23
Kairos Investment Management Company (KIMC) has partnered with Harbor Associates to acquire a Class A, 12-story office and retail property with a five-story parking garage totaling over 208k sf in Hollywood. The property is l...
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