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• West Los Angeles Retail Center Sale Tops $1,000/sf
9/11/14
The Charles Company, a West Hollywood-based investment firm, paid $14.35 mil, or just over $1,000/sf, for a 14.2k sf West Los Angeles neighborhood shopping center. The property, located on a 32.8k sf site at 2201-2217 Westwoo...
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• New Apartment Project Completed in LA’s Historic West Adams District
9/10/14
Construction of Crenshaw Apartments, a two-story, 10-unit contemporary apartment project in LA’s historic West Adams District, has been completed. The project, a development of JV Crenshaw LLC, is located at 2336 South Crens...
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• Private Investors Nab Hollywood Area Apartment Properties
9/09/14
A 48-unit apartment building on LA’s Westside, near Mt. Olympus, was purchased by Kambiz Hakim, a private real estate investor and developer based out of Santa Monica, along with his two sons, Alexander and Steven Hakim. It w...
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• Investor Spends $27 Mil on Three West LA Apartment Properties
9/09/14
An investor recently purchased three separate apartment buildings in Los Angeles, in two transactions with a combined value of over $27 mil.
In one of the deals, the buyer paid $13.5 mil for El Palacio and The Lotus, two hi...
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• Timothy C. (“T.C.”) Macker, Jr. Named Managing Director at Coldwell Banker Commercial WESTMAC
9/09/14
Timothy C. (“T.C.”) Macker, Jr has been promoted to the position of Managing Director at Coldwell Banker Commercial WESTMAC, a leading Los Angeles-based commercial brokerage firm. Formerly Executive Vice President of the com...
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• North Hollywood Apartment Property Trades for $137k/Unit
9/08/14
A 16-unit apartment property in North Hollywood recently sold for $2.2 mil, or $137.5k/unit. The property, the Fulton Apartments, is located on two separate parcels totaling 17.9k sf at 6859 and 6865 Fulton Ave, just north of...
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• Greg Vilkin Joins Related California as President of Related California Urban Residential
9/05/14
Veteran real estate executive Greg Vilkin will join Related California as President of Related California Urban Residential, a newly formed division, and as a member of the senior executive team. Related California is the Wes...
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• SoCal Single-Tenant Bank Properties Trade at Cap Rates Near or Below 4%
9/05/14
Here’s the scoop on two single-tenant NNN bank property sales in SoCal totaling more than $12.5 mil. The properties are located in Culver City and Laguna Hills.
In Culver City, a single-tenant NNN Wells Fargo Bank at 10011 W...
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• Lennar Begins Work on 200-Unit Res Project in Downtown LA
9/05/14
Construction has begun on Olympic & Olive, a new 201-unit mixed-use rental community in downtown Los Angeles being developed by Miami-based Lennar Multifamily Communities. Designed by KTGY Group Inc, the contemporary 1.08-acr...
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• Beverly Hills Golden Triangle Building Sells for $1,430/sf
9/04/14
RENTV has learned that a 7.6k sf, mixed-use building in Beverly Hills’ sought after “Golden Triangle” area has just traded hands in a deal valued at $10.85 mil, which works out to $1,430/sf. The two-story property is situated...
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• Johnson Capital’s Gabe Weinert Arranges Over $14 Mil for Two LA-Area Development Projects
9/04/14
Gabe Weinert, Senior Vice President in Johnson Capital's Los Angeles office, has arranged over $14 mil in debt and equity financing to enable the development of two different projects in the greater Los Angeles area.
In the ...
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• Rexford Achieves Vision of 100% SoCal Portfolio
9/04/14
SoCal-based Rexford Industrial Realty Inc recently completed two industrial property transactions, one an acquisition and the other a sale. The company purchased a 55.5k sf building in San Fernando for $5.1 mil ($91/sf) in an...
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• Tim & Eric Lease 15k sf of Glendale Creative Office Space
9/04/14
Tim & Eric Inc signed a five-year, $1.5 mil lease for 15.3k sf ($1.63/sf/mo) of creative office space in Glendale. The lease includes fully occupying two previously vacant buildings -- a 10.8k sf property at 1500 Flower St an...
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• Unique Live/Work Project Gets Underway in the Marina Arts District
9/03/14
In the heart of LA's Marina Arts District, California Landmark Group (CLG) has begun construction on a unique mixed-use project: a property that combines residential units with dedicated creative office space, principally for...
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• Lone Oak Fund Provides $5 Mil for Quick Purchase of Hollywood Property
9/03/14
Lone Oak Fund LLC has provided $5 mil in acquisition financing for the purchase of a 19k sf, creative office property in Hollywood that will serve as an expansion of the existing Los Angeles campus of the American Musical and...
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Executive Subscriber Price: Free
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• Apartment Property in LA’s Silver Lake Area Sells for $125k/Unit
9/02/14
A fully occupied 27-unit multifamily property in LA’s Silver Lake area sold in a sale valued at $3.37 mil ($125k/unit) from a month or so ago. The property, located at 4305 Gateway Ave, south of Fountain Ave on the west side ...
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• Renovated PCT Office Complex in El Segundo Provides Tenants with More of a Community Experience
8/29/14
Renovation work has been completed at PCT, a LEED-Gold certified, 1.6 msf office complex formerly known as Pacific Corporate Towers. The property is owned by an investment management client of BlackRock.
Located at 100, 200 ...
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• Tourmaline Capital Completes $26 Mil Burbank Retail Buy
8/28/14
San Diego-based Tourmaline Capital has purchased Plaza Del Sol, a 166.2k sf retail center in Burbank, for $26 mil ($156/sf). The property is fully occupied and includes Vallarta Supermarkets, Powerhouse Gym, Oakwood Corporate...
Price: $4.99
Executive Subscriber Price: Free
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• SoCal Self-Storage Property Portfolio Sells for $16.4 Mil
8/27/14
A self-storage portfolio consisting of three properties totaling 158k sf located throughout Los Angeles and Riverside counties traded hands at a price of $16.4 mil. The properties were purchased by Storage Etc Development LLC...
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• Golden Corral Inks Ground Lease in Downey for New Restaurant Location
8/27/14
Golden Corral Restaurant inked a $5.5 mil ground lease for a former Ford dealership property at the Shops at Gallatin Road in Downey. The 3.5-acre lot is part of the center, located at 9500 Lakewood Blvd, adjacent to the sout...
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Executive Subscriber Price: Free
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