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August 24, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• TA Realty Buys El Monte Community Shopping Center
11/19/18
Santa Fe Trail Plaza, a 112.3k sf community shopping center in El Monte, was acquired by Newport Beach-based TA Realty. The price was not disclosed. Recently completed in 2016, Santa Fe Trail Plaza is situated on 9.2 acres o...
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• Apartment Property in West Los Angeles Sells for $474k/Unit
11/16/18
A 27-unit multifamily property in West Los Angeles traded between private investors for $12.8 mil, or $474k/unit. The buyer has already begun an extensive renovation on over 50% of the units. The property is located at 3815...
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• Rexford Industrial Realty Spends $40 Mil on Two SoCal Assets
11/16/18
Rexford Industrial Realty Inc recently picked up two SoCal industrial properties for a combined $40.3 mil. The acquisitions were funded using available cash on hand. With these deals, Rexford has completed over $411 mil of ac...
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• Phoenix Group Pays $45 Mil for Hollywood Res Complex
11/15/18
Vue Hollywood, a 92-unit, non-rent-controlled apartment building in Hollywood, sold for $45 mil, or about $489k/unit. The buyer was Phoenix Group. Vue Hollywood is located just off Sunset Blvd, a few blocks from the eastern ...
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• SoCal Investor Pays $125k/Unit for Pomona Apartment Property
11/13/18
Twin Palms Apartments in Pomona, an 83-unit multifamily community in Pomona, was acquired by a private investment group out of Manhattan Beach for $10.4 mil, or $125.3k/unit. The property, located at 1514 W Mission Blvd, was ...
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• The Courtyard Long Beach Airport in Long Beach Trades Hands
11/13/18
In a recent LA-area hotel trade, Harbor Hotels LLC, an affiliate of Cornerstone Hotel Group LLC, has purchased the 159-room Courtyard Long Beach Airport, a Marriott hotel . The price was not given out. The hotel, located at ...
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• $9.8 Mil Purchase of Maywood Towne Center Offers Buyer Significant Leasing Upside
11/12/18
Maywood Towne Center, a 20.5k sf, multi-tenant retail center in the city of Maywood, was purchased for $9.8 mil ($478/sf) by a private investor. The property is shadow-anchored by Food 4 Less and Rite Aid. Maywood Towne Cen...
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• Non-Profit Las Familias del Pueblo Buys Building in DTLAs South Park District
11/12/18
Las Familias del Pueblo has purchased a 2k sf office and retail storefront in Los Angeles for $2 mil ($1,000/sf). Las Familias del Pueblo, a non-profit organization founded in 1982 by Episcopalian priest and former Roman Cath...
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• Studio City Office Building Sells for $750/sf
11/09/18
A renovated, two-story office building in the southwestern San Fernando Valley community of Studio City sold for about $750/sf, in a transaction were told represents the highest price per square-foot ever paid for a 5k sf or...
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• Investor Pays $255/sf for Whittier Medical Office Building
11/09/18
A 21.8k sf, multi-tenant medical office building in Whittier was purchased by a 1031 exchange investor for $5.55 mil ($255/sf). Located at 12444-12472 Washington Blvd, the fully leased, one-story building is situated across t...
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• Chicago School of Professional Psychology Inks $15.7 Mil Relocation Lease in Downtown L.A.
11/08/18
The Chicago School of Professional Psychology has signed a lease for 37.5k sf at Aon Center in downtown Los Angeles to relocate their L.A. campus. The school signed a 125-month deal worth $15.68 mil, or about $3.35/sf/mo. Ao...
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• Mark Your Calendar => December 6 is RENTV's Annual San Fernando Valley / Tri-Cities State of the Market Conference
11/07/18
Hear and network with many of the leading industry pros who will provide their expert insight on the office, industrial, retail and multifamily markets for the region at this important event.
more » 

• Decron Properties Refinances 83-Unit, L.A. Koreatown Res Property
11/07/18
Decron Properties has obtained $16.5 mil in refi money on Kingsley Drive Apartments, an 83-unit multifamily property in Los Angeles. The seven-year loan, provided by a life insurance company, features full-term, interest-only...
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• Los Feliz Apartment Portfolio Purchased for $375k/Unit
11/06/18
The Ling Family Trust acquired a three-property, 32-unit apartment portfolio in L.A.s Los Feliz area for $12 mil, or $375k/unit. The assets were sold by Timberlane Partners. The portfolio includes: 3207 Rowena Avenue -- ...
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• Rescore Property Corp Secures Construction Financing for 364-Unit Res Project in L.A.s Koreatown
11/05/18
Rescore Property Corp has obtained $153.75 mil in construction financing for Rise Koreatown, a seven-story, Class A multifamily property located just off Wilshire Blvd in Los Angeles. The loan was arranged by Walker & Dunlop ...
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• Commercial Real Estate Financing Briefs
11/05/18
HFF - Greg Brown and AJ Manas with HFF arranged $26.65 mil in refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles. The portfolio is loc...
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• The Ruth Group and Roxborough Group buy two-building Gateway Towers in Torrance
11/05/18
Gateway Towers, a 443.5k sf, Class A office property in L.A.s South Bay region was purchased for $106.25 mil ($240/sf) by The Ruth Group, along with Roxborough Group as its capital partner. The property, located at 970 and 9...
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• CIM Group Begins Work on 154-Unit Res Building in West Los Angeles
11/01/18
CIM Group has started construction of a 154-unit, five-story apartment building, with 16.6k sf of ground floor retail in West Los Angeles. The building, located at 1500 Granville Ave, at the southeast corner with Santa Monica...
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• Industry Pros from L.A.'s South Bay & Long Beach Share Insight at RENTV Conference
10/31/18
Last Thursday, October 25, at RENTV's third Annual State of the Market Conference, some of the leading commercial real estate industry executives active in L.A.'s South Bay and Long Beach region offered their expert insight a...
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• Multifamily Building in Baldwin Park Trades for $241k/Unit
10/31/18
Kimberly Apartments, a 26-unit stabilized and fully renovated building in Baldwin Park, sold for $6.26 mil, or $241k/unit. The 19.4k sf property is located at located at 14521 Clark St, north of I-10 and east of I-605. Kimbe...
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