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• Monem Corporation Spends $10.8 Mil on Two L.A. Area Multifamily Buys
9/12/22
Monem Corporation has acquired two L.A. area multifamily properties totaling 59 units for $10.82 mil ($183k/unit). With these latest acquisitions, Monem now owns more than 100 multifamily properties.
One of the properties, l...
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• Poms & Associates Inks Lease for Reduced Space at Calabasas Office Campus
9/08/22
Poms & Associates, a Los Angeles-based risk management and insurance brokerage firm, has signed a lease for 25.6k sf of space at The Park Calabasas, a 20-acre office campus in Calabasas, in northwest Los Angeles County. The c...
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• SBH Real Estate Group Sells Trio of SoCal Properties in Deals Totaling $15 Mil
9/08/22
SBH Real Estate Group, led by Eric Silverman, recently sold three SoCal retail sites in separate deals totaling roughly $15 mil. The properties are in Covina and Gardena.
In Covina, SBH sold a 22k sf site located at 1477 N. ...
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• L.A. County Rental Housing Market Exits the Pandemic with Strong Demand
9/07/22
This report was provided by real estate services firm NAI Capital
Market Overview
The vacancy rate for multifamily housing in Los Angeles County fell to 3.3% in the second quarter of 2022, down 10 basis points quarter over ...
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• Mark Your Calendars – October 19 is RENTV’s 2022 Greater Los Angeles State of the Market Conference
9/06/22
Join us at our annual conference for an opportunity to hear from and network with industry experts who will discuss the changing office, industrial, retail, multifamily and financial markets for the Los Angeles region
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• The Swig Company Buys Santa Monica Office Property
9/02/22
The Swig Company purchased a 96k sf office property in Santa Monica. The trade also includes a surface parking lot approximately one block away from the property.
3130 Wilshire has five levels of attached, secured parking a...
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• Data Center Real Estate Activity Continues to Grow
9/01/22
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL
Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Res Property in the San Fernando Valley Trades for $369k per Unit
8/31/22
Addison Arms Apartments, a 57-unit apartment building in the San Fernando Valley community of Sherman Oaks, traded in a deal worth $21.05 mil, or $369.3k/unit. The property is located at 14320 Addison St, north of the 101 Fwy...
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• NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
8/31/22
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
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• Downtown LA Hospitality Market Surges in Q2 2022 With Occupancy Increasing 60% Over Q2 in 2021
8/30/22
The Downtown Los Angeles (DTLA) Hospitality Market continued its year-and-a-half-long surge during the year’s second quarter, according to the Los Angeles Downtown Center BID’s (DCBID) just released Q2 2022 DTLA Market Report...
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• Adjacent Apartment Buildings in L.A.’s Brentwood Area Fetch $4.8 Mil
8/29/22
Two adjacent apartment buildings totaling 12 units in Los Angeles were sold for $4.8 mil ($400k/unit). The properties are located at 11307 Isleta St and 217 Church Lane in the Brentwood neighborhood on Los Angeles’ Westside.
...
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• Flex Campus in South Torrance Sells for $21 Mil
8/26/22
Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal.
Initially built in 1973 as an industrial park, the...
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• Neighborhood Center in Whittier Goes for $277/sf
8/25/22
Desert Capital Ventures purchased La Pico Plaza, a 20.9k sf, Circle K-anchored neighborhood center in Whittier, for $5.8 mil ($277.50/sf) in an all-cash exchange transaction. The property, located at 9150 Painter Ave, was 100...
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• Hermosa Beach Office Building Sells for Over $500/sf
8/25/22
C3 Development Group paid $19.5 mil for a three-story, 37.7k sf ($517/sf) office building in Hermosa Beach. The property, located at 2200 Pacific Coast Highway, was sold by Vectra Management Group.
The building was 75% lease...
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• Three-Property Multifamily Portfolio in the San Gabriel Valley Gets a New Owner
8/23/22
A three-property, 116-unit multifamily portfolio in Azusa sold for $33.6 mil, or $290k/unit. All of the properties are located in a prime and fast-growing area close to downtown Asuza and Asuza Pacific University.
Each comp...
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• Santa Monica Creative Office Project Just Completed
8/22/22
Work has been completed on a new, 36.7k sf creative office building in downtown Santa Monica. The project, located at 1550 Euclid St, was built by C.W. Driver Companies on behalf of Friedkin Group, who acquired the land in 20...
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• Avanath Capital Management Closes $220 Mil L.A. Apartment Buy
8/22/22
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. At 669 units, we’re told that t...
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• Three Outparcels to Palmdale Marketplace Sold in Deals Worth Over $10 Mil
8/16/22
Three retail properties that are outparcels to Palmdale Marketplace in Palmdale were sold in separate transactions totaling $10.2 mil. Located at 39340 10th Street W, Palmdale Marketplace is a 214k sf power center anchored by...
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• Transwestern Investment Group Acquires 4.6-Acre Development Site in the Palmdale/Lancaster Area
8/15/22
Transwestern Investment Group (TIG) has acquired 4.6 acres in the Palmdale/Lancaster submarket of North Los Angeles, and is partnering with Transwestern Development Company (TDC®) to build a 99.8k sf industrial property on th...
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• Langdon Park Capital Spends $48.6 Mil on San Gabriel Valley Multifamily Community
8/15/22
Atrium at West Covina, a 138-unit multifamily community in the central San Gabriel Valley, was purchased by Langdon Park Capital in a $48.6 mil ($352k/unit) transaction. This buy represents Langdon Park’s third Los Angeles ac...
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