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March 29, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• The Sunset Wins “Outstanding Building of the Year” Award from BOMA LA
11/04/15
The Building Owners and Managers Association (BOMA) Greater Los Angeles chapter has named The Sunset “The Outstanding Building of the Year” (TOBY) in the “Under 100,000 Square Feet” category for 2015. The award recognizes out...
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• John DeGrinis Elected President of Greater Los Angeles Chapter of SIOR
11/04/15
Colliers International Senior Executive Vice President John DeGrinis, SIOR®, has been elected to the post of president of the Society of Industrial & Office Realtors® (SIOR®), Greater Los Angeles Chapter. DeGrinis is a vetera...
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• Older Mixed-Use Building in Downtown LA’s Arts District Sells for Over $21 Mil
11/04/15
A 44.5k sf mixed-use building in downtown Los Angeles’ Arts District was purchased for $21.6 mil. The property, located at 929 East 2nd St, about four blocks east of Alameda St, consists of an existing two-story building alon...
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• West Los Angeles Maintains Lowest Office Vacancy Rate Despite Negative Absorption for the Third Quarter
11/02/15
Despite experiencing negative net absorption for the first time in three years, the West Los Angeles office market again demonstrated its bullet-proof character during the just concluded third quarter by maintaining the lowes...
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• Upscale Res Condo Project on Los Angeles’ Westside Gets Underway
11/02/15
The Four Seasons Private Residences Los Angeles (FSLA), a high-end, luxury condo development on Los Angeles’ Westside, has just broken ground. The project, a development of Genton Property Group, is located at 9000 W. Third S...
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• Stockdale Capital Makes $38 Mil MOB Purchase in Santa Monica
10/29/15
Stockdale Capital has acquired a 54.2k sf, Class A medical office property in Santa Monica in a recent transaction valued at $38.5 mil ($710/sf). The asset, located at 2825 Santa Monica Blvd, was sold by a partnership made up...
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• San Pedro Apartment Buy Works Out to $165k/Unit
10/29/15
Rio Company paid $5.95 mil for a 36-unit ($165k/unit) apartment portfolio located in San Pedro. The portfolio consists of two buildings connected perpendicular to each other and located at 1144 West 13th St and 1215 South Lel...
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• Res Building Near USC Campus Sells for $450k/Unit
10/28/15
Palisades Apartments, a 28-unit apartment building situated within walking distance of the University of Southern California (USC) campus, sold for $12.6 mil ($450k/unit). The property, located at 1210 – 1226 W. Adams Blvd, ...
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• Fred Sands Passes Away
10/26/15
Fred C. Sands, the visionary founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday, October 23. He was 77. Fred Sands and California real estate were synonymous for decades. Born in New York C...
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• UCLA Health Inks Deal for Additional Space at South Bay Office Property
10/26/15
UCLA Health has expanded its presence in the South Bay by signing a long-term lease to occupy an additional two full floors in a stand-alone office building in the municipality of Rolling Hills Estates, on the Palos Verdes Pe...
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• Burbank Office Building Acquired in $6 Mil Deal
10/26/15
A 23.7k sf office property in Burbank traded hands at a price of $6 mil, or about $153/sf. The building, located at 40 East Verdugo Ave, adjacent to I-5 between Olive and Alameda Aves, was sold by Credit Managers Association...
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• Selleck Development Group Buys West Valley HQ Facility
10/26/15
Dan Selleck of Selleck Development Group has purchased the Tamrac HQ building and primary manufacturing facility in the northwest San Fernando Valley community of Chatsworth. The property, located at 9420 Jordan Ave, is south...
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• Two Buildings Sell in Santa Clarita Biz Park Project
10/23/15
In recent office property sales activity from Santa Clarita, two Class A buildings within Tourney Place, a five-building project, were purchased in separate deals by different buyers. The buildings, both 20.7k sf in size, sol...
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• Federal Public Defenders Office Renews 50k sf Space in Downtown Los Angeles
10/23/15
The Federal Public Defenders Office (GSA) has agreed to a renewal of its 50.1k sf space in downtown Los Angeles. The government agency has agreed to a new 10-year deal worth $16.8 mil, or an average of around $2.79/sf/mo. GSA...
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• HFF Arranges $42 Mil Refi Loan on Downtown LA Medical Office Building
10/23/15
Boulevard Investment Group Inc has refinanced Samaritan Medical Tower with a new $42.7 mil loan that was arranged by Marc Schillinger of HFF. The 10-year, fixed-rate CMBS loan is interest-only throughout the entire term. Sa...
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• Adler Realty Investments Closes $9 Mil Vernon Industrial Buy
10/22/15
Adler Realty Investments purchased a three-building, food distribution complex in Vernon for $9 mil. The property, located at 2323-2325 East 55th St and 5401-5415 South Santa Fe Ave, is on the corner of Santa Fe Ave and east ...
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• Van Nuys Apartment Complex Expands Universe
10/22/15
In a recent multifamily sales comp from the San Fernando Valley, Universe Holdings acquired a 53-unit asset in Van Nuys for $10.5 mil, or $198k/unit. The property is located at 6600 Woodley Dr, west of the 405 Fwy and north o...
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• El Segundo Office Building Purchased by Investment Partnership
10/21/15
A six-story, 119.5k sf office building in El Segundo was acquired by a partnership made up of Roxborough Fund I, an affiliate of San Francisco-based real estate investment firm The Roxborough Group LLC, and Montana Avenue Cap...
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• Totex Manufacturing Spends $9.8 Mil on Torrance Facility
10/20/15
Totex Manufacturing Inc paid $9.8 mil for a 71.5k sf ($137/sf) industrial facility in Torrance, for expansion of its area manufacturing headquarters. The property, formerly occupied by General Motors for R&D use, is located ...
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• Draftsmen & Craftsmen
10/20/15
Woodland Hills-based Klorman Construction has been selected to provide the structural concrete work on drug maker Gilead Science Inc’s planned 400k sf, corporate office and manufacturing facility in La Verne. Rudolph and Sle...
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