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January 18, 2022
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LOS ANGELES COUNTY NEWS
Archive
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• Raintree Partners Buys SoCal Multifamily Portfolio for $142 Mil
11/24/20
Raintree Partners closed on the acquisition of the LAVVA Portfolio (Los Angeles & Ventura Value Add Portfolio) in a $142 mil transaction. The sale, consisting of five properties totaling 551 units in Canoga Park, Camarillo, ...
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• LA North Studios Leases 113k sf Facility at The Center at Needham Ranch
11/23/20
LA North Studios, one of Santa Clarita's newest and largest sound stage facility and studio operators, has signed a five-year lease to take over 113.6k sf at Building 5 at The Center at Needham Ranch. LA North plans to conve...
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• Rexford Industrial Realty Spends $339 Mil on Two L.A. Area Industrial Buys
11/20/20
SoCal-based Rexford Industrial Realty Inc closed on two industrial acquisitions in deals totaling $339.2 mil. The purchases consisted of a four-building industrial complex in Whittier and a three-tenant industrial property in...
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• Janone Development Starts Work on 39-Unit Res Project Adjacent ot L.A.ís Koreatown
11/20/20
Los Angeles-based Janone Development has begun work on a six-story, 39-unit apartment project in Los Angeles. The project is being financed with a $16.6 mil construction loan provided by Parkview Financial. The development i...
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• San Fernando Valley Structure Undergoing $4.5 Mil Renovation into a Professional Medical Building
11/19/20
A 42k sf, two-story structure in Tarzana is undergoing a $4.5 mil ground up renovation effort aimed at transforming the property into a first-class medical professional building with a creative and contemporary design. The bu...
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• Multifamily Property in the Southern San Fernando Valley Goes for $230k/Unit
11/18/20
Bechir Apartments, a 118-unit multifamily asset in the southwest San Fernando Valley community of Tarzana sold for $27.1 mil, or about $229.7k per unit. The property is close to U.S. Route 101, Ventura Boulevard, and the Metr...
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• Safco Capital Corporation Makes $11.5 Mil Office Buy in West L.A.
11/17/20
Safco Capital Corporation closed on the acquisition of a 21.7k sf, three-story office building in West Los Angeles for $11.55 mil ($532/sf). It was sold by MG Skinner. The property, known as Camden Gardens, is located at 11...
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• VMG Properties Pays $14 Mil for Long Beach Apartment Portfolio
11/17/20
Santa Monica-based VMG Properties paid $14 mil for a portfolio of seven multifamily assets in Long Beach totaling 60 units ($233.3k/unit). The properties were sold by a local private investor who had owned the assets since th...
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• DrinkPAK Leases 173k sf Industrial Facility at The Center at Needham Ranch
11/16/20
DrinkPAK LLC has inked a seven-year, 172.3k sf lease for Building 2 at The Center at Needham Ranch industrial park in Santa Clarita. The business park is a development of Trammell Crow Company (TCC) and Clarion Partners LLC. ...
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• Cityview Starts Work on 123-Unit Res Project in L.A.ís Mid-Cities Area
11/16/20
Cityview has broken ground on a 123-unit mixed-use community adjacent to the Carthay Square neighborhood in Los Angelesí Mid-Cities area. The seven-story, highly amenitized community, located at 5935 Pico Blvd, will include 1...
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• Cohen Asset Management Buys 112k sf Distribution Building in Rancho Dominguez
11/13/20
Cohen Asset Management Inc acquired a 112.1k sf, industrial distribution building in West Rancho Dominguez for $37.32 mil ($333/sf). The property is situated on 4.54 acres at 15100 South San Pedro St, west of Avalon Blvd and ...
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• Premier Workspaces to Open 28k sf Coworking Space at West L.A. Office High-Rise
11/12/20
Douglas Emmett selected Premier Workspaces to reopen, reposition and manage their 28k sf coworking space left behind by Regus in their Executive Tower in West Los Angeles when Regusí lease expired. Executive Tower is located ...
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• Christina Development Corporation Buys 15-Unit Apartment Building in Playa del Rey
11/11/20
Christina Development Corporation has acquired a 15-unit, beachfront multi-family residential apartment building in Playa del Rey, on L.A.ís Westside. The property, located at 6615 Pacific Ave, represents the sixth investment...
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• Investor Nabs San Gabriel Valley Industrial Building in $7.9 Mil Deal
11/11/20
A 45.2k sf industrial facility in Monterey Park traded for $7.9 mil, or $175/sf. The building, located at 521 Atlas Ave, within the West San Gabriel Valley, was purchased by a private investor. Built in 1970, the free-standi...
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• OHNO Enterprises Buys Glendale Office Building
11/11/20
A 30.1k sf, multi-tenant office building in Glendale was purchased for $6.85 mil ($228/sf) by OHNO Enterprises, who plans to occupy more than half the property as an owner/user. The building, located at 600 West Broadway, was...
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• Rexford Industrial Realty Closes $15.5 Mil Industrial Buy in L.A.ís South Bay
11/06/20
Rexford Industrial Realty Inc closed on a SoCal industrial buy in a $15.5 mil transaction funded using cash on hand. The company acquired 15505 and 15601 South Avalon Blvd, east of the 110 Fwy and just south of Redondo Beach ...
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• Prodege Leases 35k sf El Segundo Creative Office Space
11/05/20
Prodege LLC has leased 35k sf of office space in El Segundo as its new headquarters location. The online marketing and media company will occupy a portion of the South building at 2030 E. Maple, on the 102k sf, amenity-rich c...
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• Res Project North of DTLA Secures $37 Mil in Construction Financing
11/03/20
Parkview Financial has provided construction funding of $37.3 mil for a 112-unit residential development in the Elysian Valley of Los Angeles, just north of Downtown by Glassell Park. The project, a joint venture of River She...
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• Premier Workspaces and California Home Builders Introduce Q Work in Woodland Hills
10/29/20
Irvine-based Premier Workspaces and California Home Builders are introducing Q Work powered by Premier Workspaces, at 21045 W Erwin St in Woodland Hills. Q Work will offer 6k sf of workspace with 37 private offices, coworking...
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• Rexford Industrial Realty Spends $22 Mil on Sylmar Industrial Asset
10/27/20
Rexford Industrial Realty paid $22.05 mil for a two-building, 140.8k sf ($157/sf) industrial park in Sylmar, in the northeastern San Fernando Valley. The property was sold by Oaktree Capital Management L.P. and Intertex Compa...
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