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January 18, 2022
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LOS ANGELES COUNTY NEWS
Archive
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• New AC Hotel by Marriott in Beverly Hills has been Completed
7/02/20
Work has been completed on the AC Hotel by Marriott in Beverly Hills, an 11-story, European-inspired luxury hotel developed by Reliable Properties and Seaview Investors. The two-phase project is being built by R.D. Olson Cons...
more » 

• Two CA Multifamily Assets Land Freddie Mac Refi Loans Totaling $208 Mil
7/02/20
In recent residential refi transactions of note, we’ve got the scoop on two CA Freddie Ma property loans totaling about $208 mil. The deals, both arranged by NKF’s Multifamily Capital Markets team, were for assets at both end...
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• Blackstone Property Partners to Acquire 49% Stake in a 2.2 msf Portfolio Owned by Hudson Pacific
6/29/20
Blackstone Property Partners, through an affiliated fund, will acquire a 49% interest in Hudson Pacific’s three Hollywood studios and five on-lot or adjacent Class A office properties, totaling 2.2 msf, at a gross portfolio v...
more » 

• William A. Millichap Passes Away at 76
6/23/20
William A. Millichap, co-chairman of real estate services firm Marcus & Millichap, has passed away after a year-long battle with cancer. He was 76 years old. “The company’s formative years benefited greatly from Bill’s push...
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• Multi-Tenant Retail Center with Cannabis User Financed with Loan for $13.5 Mil
6/22/20
George Smith Partners (GSP) has arranged $13.5 mil in quick-close, cash out, bridge-to-bridge financing for a multi-tenant retail center in L.A;’s Echo Park area. The borrower wanted to take out their existing lender due to...
more » 

• Summerhill Completes Pasadena Res Project
6/22/20
Theo, a new, 105-unit multifamily development in Pasadena, has opened to the public. The project, located at 289 N El Molino Ave, was developed by designed by KTGY Architecture + Planning and developed by Summerhill Apartment...
more » 

• Multifamily Building in L.A.’s Koreatown Sells for $289k/Unit
6/18/20
A newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles sold for $4.05 mil, or $289k/unit. The property is located at 453 S. Gramercy Place, just north of Wilshire Blvd and west of Western Av...
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• SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
6/17/20
We’ve learned of four SoCal, single-tenant retail properties that traded in recent deals totaling $31 mil. The properties are located in Indio, Lomita, Victorville and Hawthorne. NKF’s Bill Bauman, Kyle Miller, Michael Fogel...
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• See Dodger Stadium with Lots of Cars and No People
6/16/20
We thought you might enjoy this amazing aerial pic of Dodger Stadium, looking south with all of Downtown L.A. behind it. The recent image was captured by Fred Emmert of AirViews Photography. In the pic, you see a parking lot...
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• Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
6/15/20
Nadel Architecture + Planning has launched a new Direct-to-Retailer design studio. This new division will be led by 20-year industry veteran Ryan Weller, who has joined the firm as its Director of Retail to manage the firm’s ...
more » 

• Two Tenants Ink Leases Totaling 73k sf at San Fernando Facility
6/15/20
We’ve got a couple of recent industrial lease signings in the San Fernando Valley to mention. These latest deals are by, a refrigerated foods transportation company, and Moviemachines, a vehicle provider for the entertainment...
more » 

• San Gabriel Valley Multifamily Asset Trades in $8.9 Mil Deal
6/12/20
Starcrest Apartments, a 28-unit multifamily apartment property in Arcadia, was purchased for $8.9 mil ($318k/unit) by an unidentified local investor. Located at 942-944 Arcadia Ave, south of Huntington Dr and east of Rosemead...
more » 

• Meta Housing Starts Work on Affordable Housing Project in Downtown L.A.
6/10/20
Meta Housing has broken ground on Lamp Lodge, an 82-unit affordable housing community in Downtown Los Angeles. Located at 660 Stanford Ave, the seven-story, contemporary-style building will provide an affordable housing solut...
more » 

• Inglewood Retail Building Sells for $350/sf
6/03/20
A 9k sf retail building in Inglewood sold for $3.175 mil ($351/sf). The building is located at 901 S. La Brea Ave, east of the 405 Fwy and south of Manchester Blvd. It’s anchored by Domino’s Pizza. Brandon Michaels with Marc...
more » 

• Entity of Pepperdine University Scoops Up Two Malibu Office Buildings
6/03/20
Two office buildings totaling 39.6k sf of space within the Malibu Professional Park were acquired for $17.5 mil ($442/sf) by Wave Enterprises, a 501(c)(3) charitable entity of Pepperdine University. The assets were sold by Mi...
more » 

• San Gabriel Apartment Building Gets New Owner in $5 Mil Deal
6/03/20
A 13-unit apartment property in the city of San Gabriel was acquired by a private buyer for $5.1 mil, or $392k/unit. The asset was sold by a local family office looking to trade into triple-net, single-tenant assets out of st...
more » 

• Burbank Development Site Trades in $40 Mil Deal
6/01/20
An eight-acre development parcel in the city of Burbank traded hands in a $40 mil transaction. The site is located at 777 Front St, on the south side of Burbank Blvd in the city’s downtown, and offers over 1,100 feet of front...
more » 

• NewMark Merrill Companies and Its Restaurant Partners Provide Meals to Healthcare Workers in CA, CO and IL
6/01/20
NewMark Merrill Companies, a Woodland Hills-based retail shopping center development company, recently executed its second “Wave of Kindness,” working with its restaurant partners to provide meals to 2,620 healthcare workers ...
more » 

• Investor Spends $340k/Unit for Hollywood Hills Apartment Building
6/01/20
A Beverly Hills-based private investor paid $1.7 mil for a lender-owned, five-unit ($340k/unit) apartment property in the Hollywood Hills. The property is located at 1954 Argyle Ave, north of Franklin Ave on the east side of ...
more » 

• Rexford Industrial Realty Closes $14.5 Mil Carson Buy
6/01/20
Rexford Industrial Realty Inc has acquired an industrial property consisting of 158k sf of space on 5.79 acres of land in Carson for $14.5 mil, or $57 per land square foot. The property is located at 1055 Sandhill Ave, north ...
more » 



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