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March 29, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Garment Industry Firm Purchases 38k sf LA Facility
9/19/12
A 37.6k sf industrial building in Los Angeles was recently acquired by Ginger Green Inc, a garment manufacturing company located in Los Angeles. The buyer obtained SBA financing for the purchase of the property, located at 36...
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• CHEP Aerospace Solutions Leases 33k sf Facility in Hawthorne
9/18/12
In a notable industrial lease from LA’s South Bay region, CHEP Aerospace Solutions (CHEP) inked a 10-year, $2.78 mil deal for a 33.2k sf ($0.70/sf/mo) facility in the city of Hawthorne for relocation and consolidation of its ...
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• HFF Arranges $27 Mil for SoCal Retail Center
9/18/12
KIR Torrance L.P. has obtained a $27.6 mil refi for Torrance Promenade, a 269k sf retail power center in the city of Torrance. The 10-year, fixed-rate loan was arranged by HFF and funded through a life insurance company. T...
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• Alpha Centerless Products Completes 16k sf Industrial Buy in Santa Fe Springs
9/17/12
Paramount-based Alpha Centerless Products Inc has purchased a 15.9k sf industrial building in Santa Fe Springs for $1.55 mil ($98/sf). The property is located at 12236 McCann Dr, north of Telegraph rd and just east of Norwalk...
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• Master Wan Ko Yee International Cultural Institute Purchases Former Masons Property in Covina
9/17/12
A 10.8k sf property in downtown Covina was purchased by Master Wan Ko Yee International Cultural Institute. Located at 170 East School St, just minutes from the I-10 and I-210 freeways, the property was sold by The Grand Lodg...
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• Century West Partners Acquires Downtown LA Parking Lots for New Mixed-Use Project
9/14/12
In a downtown LA development deal brief from two or three months ago, Century West Partners purchased two parking lot properties totaling 41k sf directly in front of the convention center. The lots are located at 1500-1534 Fi...
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• Wells Fargo Bank Renews Its 291k sf Space in Downtown LA’s Bunker Hill
9/14/12
In the latest news from MPG Office Trust, the LA-based office REIT has renewed Wells Fargo Bank for its 291k sf of space at Wells Fargo Tower in the Bunker Hill area of downtown Los Angeles. Wells Fargo agreed to a 10-year l...
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• Tropical Creations Inks HQ at Sherman Oaks Office Tower
9/13/12
Tropical Creations Inc, a leading horticultural services company, has leased 1.3k sf of space in Sherman Oaks for relocation of its HQ space within the San Fernando Valley. The firm’s new 37-month deal is at Valley Executive ...
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• Santa Monica Office Property Trades Hands for $3.5 Mil
9/13/12
A three-building, 7.9k sf office property in Santa Monica recently sold for $3.46 mil, which averages to about $438/sf. The property is on an 11.2k sf lot at 1660 Stanford St, west of Bundy Dr and north of Olympic Blvd. The ...
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• Avison Young Boosts its LA Presence with Starr Power
9/13/12
In a move aimed at continuing its strong growth in the Greater Los Angeles basin, Canadian-based real estate services firm Avison Young has acquired Starrpoint Commercial Partners Inc, a full-service commercial real estate br...
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• Gentleman Scholar Gets Creative in Culver City
9/12/12
Gentleman Scholar has signed a long-term lease worth $2.5 mil for 7.3k sf of space at Blackwelder, a creative office and media campus in Culver City. The firm, a multimedia production studio, will relocate from Santa Monica t...
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• Long Beach Self-Storage Property Sells
9/10/12
Long Beach Security Storage, a 513-unit self-storage facility located in Long Beach, sold for $1.75 mil ($3.4k/unit). The property is located at 1430 East Anaheim St, between Alamitos and Cherry Aves. The property was constru...
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• Hudson Pacific Properties Completes West LA Office Acquisition
9/07/12
Hudson Pacific Properties Inc has wrapped up its acquisition of the Olympic-Bundy Media Campus located at the corner of Bundy Dr and Olympic Blvd in West Los Angeles. The company paid $89 mil for the 233.6k sf ($381/sf) asset...
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• CorAmerica Capital Venture Purchases 250k sf Retail Center in the San Fernando Valley
9/06/12
A CorAmerica Capital-led joint venture has acquired Nordhoff Plaza, a 254k sf community retail center in Northridge, a Los Angeles submarket in the western San Fernando Valley. The total project capitalization is approximate...
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•  State Bank of India Inks Renewal Lease at Aon Center in Downtown LA
9/06/12
State Bank of India (California) agreed to a 10-year renewal lease worth $6.5 mil for 19.1k sf of office space in downtown Los Angeles that will serve as the bank’s US headquarters. The space comprises the entire 29th floor a...
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•  Investment Group Lands on Park Place; Pays $10 Mil
9/05/12
Park Place Apartments, a 61-unit apartment complex in the western San Fernando Valley community of Canoga Park, was purchased by a private investment group for $10.2 mil, or about $167k/unit. The 45.7k sf property is loc...
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•  Foreign Consulate Pays Over $600/sf for Beverly Hills Office Building
9/05/12
A 5.5k sf office building in Beverly Hills was purchased by a foreign consulate owner/user for $3.5 mil ($636/sf). The property, situated on a 4.4k sf lot at 120 S. Doheny Dr, on the southwest corner at the intersection with ...
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•  LA Industrial Property Sells for $4.6 Mil
9/04/12
A 51.2k sf industrial property in Los Angeles sold for $4.6 mil. The property is located at 1875 East 22nd St, south of Washington Blvd and east of Alameda St. The 1960-built industrial building has six truck-high loading p...
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• Time Warner Cable Inks Expansion/Renewal Deal in Cerritos
9/04/12
Time Warner Cable signed off on a five-year expansion/renewal lease for a total of more than 52.5k sf of space at Cerritos Town Center, located at 17777 Center Court Dr in Cerritos. Time Warner is bumping up its current admin...
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• Family Investment Entity Spends $214k/Unit on Encino Multifamily Asset
9/04/12
A 45-unit multifamily asset in the upscale San Fernando Valley community of Encino recently sold for $9.65 mil, or $214k/unit. The property, Margate Imperial Apartments, is located at 17849 Margate St, south of the 101 Fwy an...
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