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• DLR Group Leases 35k sf of Downtown LA Office Space
8/13/15
DLR Group has leased 35.4k sf of space at The Bloc, located at 700 S. Flower St in Downtown Los Angeles. DLR Group, an integrated design firm providing architecture, engineering, planning, and interior design, will occupy th...
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• San Fernando Valley Apartment Community Purchased for $11.5 Mil
8/12/15
In a recent San Fernando Valley apartment buy, Plutsky Limited Partnership purchased Villa Toscana, a 49-unit, Mediterranean-style apartment community in Canoga Park, for $11.5 mil ($235k/unit). The buy was financed with a ne...
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• Tishman Speyer Buys 260k sf Office Property in El Segundo
8/11/15
NY-based Tishman Speyer closed on an LA-area office buy, acquiring a 260k sf building in El Segundo. The single-story building, located at 555 S. Aviation Blvd, between El Segundo Blvd and Rosecrans Ave, was purchased from a ...
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• Santa Monica Apartment Property Sells for $417k/Unit
8/11/15
A fully occupied, six-unit apartment property in Santa Monica traded hands at a price of $2.5 mil, or $417k per unit.
The property is located at 1820 12th St, a few blocks east of Lincoln Blvd on the south side of the I-10....
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• Greenlaw Partners and Walton Street Capital Spend $106 Mil on Long Beach Office Building
8/11/15
Orange County-based Greenlaw Partners and Chicago-based Walton Street Capital closed on a significant office buy in LA’s South Bay region, paying $106 mil for the World Trade Center in Long Beach. The 575k sf ($184/sf) proper...
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• Target-Anchored Power Center in City of Industry Fetches Over $36 Mil
8/05/15
Puente Hills East, a 195k sf, Target-anchored power center in the City of Industry, was acquired by a local buyer in an all-cash transaction valued at $36.5 mil, or $187/sf. The property was sold by James Campbell Company LLC...
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• Class A Office Rents in LA County Reached Highest Level in Seven Years and Will Continue to Rise
8/04/15
Cushman & Wakefield has put together an overview of the Greater Los Angeles office market at the midpoint for 2015. Below is that summary, provided to us by C&W:
ECONOMIC OVERVIEW
Los Angeles County’s unemployment rate dec...
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• Cedars-Sinai Inks Lease for All of the Office Space at Runway Playa Vista
8/04/15
Cedars-Sinai has signed an 11-year lease for the entire 32k sf, Class A commercial office space being developed as part of the Runway Playa Vista mixed-use project. The big health care provider will use the space as a brand n...
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• Partners Capital Finance Arranges $3.4 Mil Bridge Loan on Industrial Buy in Downtown LA’s Arts District
8/03/15
Partners Capital Finance, along with a conventional CMBS lender, has provided a $3.4 mil bridge loan for the purchase of 245k sf of industrial space on multiple parcels totaling four acres in the heart of Downtown Los Angeles...
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• Vacant Land at Elevon Mixed-Use Project in El Segundo Acquired for Future Development
8/03/15
Amar Shokeen, a well-known technology and hospitality executive, purchased 2.6 acres of vacant land designated for future development at Campus El Segundo’s newest phase, Elevon, for $7.3 mil. Elevon, a 46.5-acre, mixed-use c...
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• Valencia Industrial Building Acquired by Neotech Products in $4.8 Mil Deal
7/31/15
Neotech Products Inc purchased a 36.8k sf industrial building in Valencia for $4.82 mil ($131/sf). The building is on a 60.5k sf site at 28430 Witherspoon Pkwy, west of I-5 and north of Hwy 126.
The transaction was the up-le...
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• Multifamily Property in LA’s Koreatown Sells for $153k/Unit
7/30/15
A 32-unit, a non-rent controlled multifamily property in the Koreatown neighborhood of Los Angeles sold for $4.9 mil, or $153k/unit. The property, located at 932 Irolo St, was purchased from a Beverly Hills-based private inve...
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• Guthy-Renker Inks 90k sf HQ Lease in El Segundo
7/29/15
Guthy-Renker has agreed to a new 10-year lease for 90k sf of space at PCT (formerly Pacific Corporate Towers) in El Segundo. The direct marketing firm will consolidate its longtime headquarters currently in Palm Desert and m...
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• Investor Buys LA Retail Property with Plans for Redevelopment
7/28/15
In a recent LA retail buy, an investor paid $3.175 mil for a 6.8k sf ($467/sf) retail property located on three lots at 6001 to 6011 W. Pico Blvd, on the east side of Crescent Heights Blvd, in Los Angeles. Situated at a prime...
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• West Hollywood Apartment Asset Trades for $361k/Unit
7/27/15
A 12-unit apartment building on two separate parcels of land in West Hollywood sold for $4.34 mil, or around $361k/unit. The property, located at 8911-17 Cynthia St, on the west side of San Vicente Blvd between Sunset and Sa...
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• Ancon Marine Leases 108k sf Carson Facility
7/27/15
Ancon Marine leased a 108.4k sf industrial building on 14.87 acres of land in Carson. The seven-year transaction valued at $12.4 mil, which divides out to around $1.36/sf/mi.
The building is located at 22707 S. Wilmington Av...
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• New $500 Mil Mixed-Use Development in Downtown LA Unveiled
7/24/15
Circa, a nearly $500 mil, mixed-use development to soon get underway in downtown Los Angeles’ Entertainment District, was officially unveiled this week. The project, located at 1200 S. Figueroa St, is being developed by a par...
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• Highland Realty Capital Closes $18 Mil in Financing on Two Creative Office Repositioning Deals
7/24/15
Highland Realty Capital secured two bridge loans totaling $17.9 mil in June for creative office repositionings in the Arts District on behalf of partnerships led by Mark Borman. HRC’s Mike Guterman handled the assignments, w...
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• Los Feliz Multifamily Property from 1973 Sells for $265k/Unit
7/24/15
Robhana Group Inc has acquired The Cove Apartments, a 42-unit multifamily property in LA’s Los Feliz community, for $11.15 mil ($265k/unit) in an off-market transaction. Robhana views the asset as a value-add opportunity.
B...
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• Quantum Capital Partners Arranges $34 Mil in Long-Term Money on Downtown LA Office Building
7/24/15
Quantum Capital Partners has secured $34 mil in long-term debt to refinance 606 S. Olive Street, a 299k sf office building overlooking Pershing Square in Downtown Los Angeles.
The 24-story office building was buil...
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