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September 20, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Creative Office Portfolio in Culver City Lands $231 Refi Loan
12/06/18
Square Mile Capital Management LLC and Deutsche Bank have co-originated $231.6 mil in financing for a 319.4k sf creative office portfolio located in Culver City. The borrower is Samitaur Constructs, a Los Angeles-based owner/...
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• New Res Project in L.A.’s Melrose Area Opens
12/06/18
A new, 63-unit mixed-use development in Los Angeles has opened to the public. The project, nVe at Fairfax, was developed by Micropolitan and designed by KFA. nVe at Fairfax is located at 639 N. Fairfax Ave, just off Melrose ...
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• Rexford Industrial Realty Spends $43.5 Mil for Two SoCal Industrial Assets
12/05/18
Rexford Industrial Realty recently acquired two SoCal industrial properties – in Chatsworth and La Palma -- for $43.5 mil. The acquisitions were funded using available cash on hand. In one of the purchases, Rexford acquired ...
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• Shopping Center in L.A.’s Pico-Robertson Area Trades for $50 Mil
12/04/18
The Balcony at Beverwil, a fully leased, 71.2k sf shopping center in the Pico-Robertson area of West Los Angeles, sold for $50.25 mil, or about $705/sf. The property, located at the southeast corner of Pico Blvd and Beverwil ...
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• San Pedro Res Property Gets a New Owner in $20 Mil Transaction
11/30/18
Bayridge Apartment Homes, a 60-unit, garden-style condo-mapped multifamily community in San Pedro, has sold for $20.5 mil ($342k/unit). The property was purchased by CA-based Manchester Square 2 LLC. Located at 1099 W. Capit...
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• Radiology Partners Leases El Segundo Creative Office Space
11/30/18
Radiology Partners inked a lease for 68k sf of space at Ascend, an 80k sf creative office building in El Segundo. Radiology Partners is the largest physician-owned and physician-led radiology practice in the nation. Located...
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• SoCal Multifamily Loan Hat Trick Totals Nearly $14 Mil
11/30/18
A trio of recent SoCal multifamily financing transactions totaled up to $13.89 mil. The loans were all arranged by Continental Partners’ J.M. Grimaldi, Carl Riggins and Brian Asheghian. The largest of the deals was $5.4 mil ...
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• Taylor Fresh Foods Leases 111k sf Frozen/Refrigerated Facility in Commerce
11/29/18
Taylor Fresh Foods has agreed to a long-term lease for a 111.3k sf, frozen/refrigerated industrial facility in Commerce. Taylor is a nearly 25-year-old Central California-based company with over 10,000 employees, and is a pop...
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• Vernon Warehouse/Manufacturing Facility Goes for $24.5 Mil
11/28/18
A vacant 116.5k sf, Class A warehouse/manufacturing building in Vernon sold for $24.52 mil, or $210/sf. Vernon, an industrial city of just 5.2 square miles, is located several miles to the southeast of downtown Los Angeles. ...
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• Retail Property Just Outside of Downtown L.A. Fetches over $700/sf
11/28/18
A 4.2k sf retail property Los Angeles’ Westlake District, less than half a mile from downtown Los Angeles, sold for $3 mil ($714/sf). The asset, located at 1216 W. 7th St, was sold by Sislin Family Trust. The property is wit...
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• Newly Built San Pedro Del Taco Sells for Almost $2,300/sf
11/28/18
A newly developed, 2.4k sf single-tenant property occupied by Del Taco in San Pedro sold for $5.5 mil ($2,291/sf). Del Taco recently opened its doors at this location and signed a 20-year corporate guaranteed NNN lease. Lo...
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• Creative Office Asset in Long Beach Trades in $60 Mil Deal
11/27/18
The Hubb, a 210.4k sf creative office property in downtown Long Beach, traded hands in a recent $60.5 mil ($288/sf) transaction. The asset, situated on a full city block totaling just over two acres at 100 West Broadway, was ...
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• WeWork Doubles Presence at West Hollywood’s Pacific Design Center
11/27/18
WeWork, the national coworking company, has more than doubled its presence at the Pacific Design Center (PDC) to accommodate the rapid growth and popularity of WeWork’s model for shared working environments that appeal to you...
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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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