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• Historic Mixed-Use Property in LA’s Echo Park Acquired by Vista Investment Group
12/05/14
Vista Investment Group LLC has acquired Jensen’s Recreation Center, an historic three-story, mixed use building in LA’s Echo Park area, north of downtown. The property was purchased from Sunset Holding Co LLC in an off-market...
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• Primestor Development and Sarofim Realty Advisors Buy San Fernando Valley Retail Property
12/05/14
Sylmar Town Center, a 148.2k sf neighborhood shopping center in the northeast San Fernando Valley community of Sylmar, was purchased by a partnership of The property is located at 12629-12721 Glenoaks Blvd, west of the inters...
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• Universe Holdings Lands $17 Mil in Refi Money for LA Multifamily Assets
12/03/14
Century City-based Universe Holdings has obtained more than $17 mil in refi money for six multi-housing properties in the Los Angeles metropolitan area. The seven-year, fixed-rate loans were arranged by HFF and secured throug...
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• California Home Builders Buys Woodland Hills Dev Site
12/01/14
California Home Builders, a division of Evenhaim Industries Corp, purchased a 3.22-acre land parcel in Woodland Hills entitled for 232 apartments or condominiums. The property, which was sold by REW De Soto Partners LLC, garn...
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• Industrial Deal Comps from the San Gabriel Valley
12/01/14
Here’s an update on four San Gabriel Valley industrial sale and lease transactions totaling over 49k sf that occurred over a recent 30-day period in deals totaling about $4.8 mil. Three of the deals were sales while the fourt...
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• UCLA Wins 2014 NAIOP SoCal Real Estate Challenge
11/28/14
On November 20, the five-member graduate student team from the Ziman Center at UCLA’s Anderson School of Business was awarded the Silver Shovel during the annual NAIOP SoCal Real Estate Challenge. This is a highly anticipate...
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• Downtown LA’s Tallest Building Receives LEED Gold Certification
11/25/14
U.S. Bank Tower in downtown Los Angeles has received Gold certification under the U.S. Green Building Council's LEED for Existing Buildings (EB) Rating System. Currently the tallest building in the Western United States, U.S....
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• Historic Hollywood Radio Tower to Be Restored and Returned to Its Original Location
11/25/14
Hudson Pacific Properties has begun work to restore and return the landmark radio tower at Sunset Bronson Studios in Hollywood to its original location on the lot. The radio tower was one of two matching towers erected in 192...
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• Echo Park Res Community Completed
11/25/14
GASPAR, a recently completed home community in Echo Park, has just opened. The project, consisting of ten single-family homes just outside of downtown Los Angeles and adjacent Silver Lake, is a development of Planet Home Livi...
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• IAC Breaks Ground on 1.3 msf Valencia Industrial Development
11/25/14
IAC recently broke ground on a 1.3 msf industrial development in Valencia, adjacent to the Valencia Commerce Center.
Named the IAC Commerce Center, the project will be built in three phases on approximately 70 acres of lan...
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• Pacific Southwest Realty Services Arranges Refi Loan on Upscale LA Retail/Office Property
11/25/14
Mike Davis of Pacific Southwest Realty Services closed a $3.75 mil refi loan for a retail office property at 7250 Melrose Ave in Los Angeles.
The property, built in 1990, consists of a two-story building occupied by a bar/re...
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• West Hollywood Retail Building Sells
11/24/14
Private investors traded an 8.5k sf retail property in West Hollywood The property is located at 7612 to 7626 Santa Monica Blvd, between Fairfax and La Brea Aves.
The property was 25 percent occupied at the time of the sale ...
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• San Gabriel Valley Retail Asset Sells for Over $500/sf
11/24/14
A fully occupied, 24.3k sf, multi-tenant retail property in Baldwin Park has sold for $12.7 mil, or $523/sf. It was purchased by Baldwin Park Plaza 11 LP, out of Colorado, in a transaction that had a 5.9% cap rate.
Built in ...
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• Apartment Asset in LA’s Echo Park Area Goes for $246/Unit
11/21/14
Unison Investment Company LLC purchased a 33-unit, non-rent controlled multifamily property in the Echo Park neighborhood of Los Angeles. The property, which was 95% occupied at the time of sale, fetched $8.11 mil ($246k/unit...
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• Viacom Agrees to Lease 180k sf at Kilroy’s Columbia Square in Hollywood
11/21/14
In a major entertainment lease transaction in Hollywood, Viacom Inc has agreed to a 12-year deal for 180k sf of space at Kilroy Realty Corporation's Columbia Square project, a $420 mil, 685k sf mixed-use complex still under c...
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• R.D. Olson Development Picks Up Desirable Hollywood Dev Site
11/21/14
R.D. Olson Development has purchased a 23.7k sf development site in the heart of Hollywood for $13.75 mil. The property sold for about $581/sf, a deal we’re told marks the highest per-foot price ever paid in Hollywood for a s...
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• West Covina Multifamily Asset Trades in $52 Mil Deal
11/20/14
StarPoint Properties has purchased Lafayette Parc Apartments, a 259-unit, 236k sf property in West Covina. Located at 624 South Glendora Ave, south of I-10 and west of Azusa Ave, the property sold for $51.75 mil ($200k/unit)....
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• Real Estate Photography by Allen Wolfsheimer
11/18/14
Real estate professionals looking to put together property marketing materials should make sure they use photos that are attractive and highlight the positive aspects of the property. We’ve all heard the expression “a picture...
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• Universe Holdings Completes Inglewood Multifamily Buy
11/18/14
Universe Holdings has acquired The Sycamores, a 50-unit residential community in the city of Inglewood. The property, which fronts a full city block on a full acre site at 875 Victor Ave, traded for $8.65 mil ($173k/unit). Un...
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• Burbank Apartment Comp Trades at $282k/Unit
11/18/14
A 30-unit multifamily property in Burbank sold for $8.45 mil, or $281.7k/unit. The property is located at 1735 Peyton Ave, north of Empire Ave between I-5 and Glenoaks Blvd.
The property was constructed in 1988. It features...
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