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November 13, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Alhambra Tenants Pumped Up Over Opening of New LA Fitness
8/21/08
LA Fitness, the national sports/fitness chain, just opened a new 50k sf San Gabriel Valley location at The Alhambra, the 45-acre, 1 msf urban community located at 1000 S. Fremont Ave in Alhambra. Situated on the northwest cor...
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• West LA Apartment Properties Continue to Attract Investors
8/21/08
Two recent apartment sales on L.A.’s Westside generated a total of $9 mil. In one of the transactions, a 15-unit luxury building located at 2050 S. Bentley Ave, a block east of Sepulveda Blvd and about midway between Santa Mo...
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• George Smith Partners Finances Long Beach Office Buy
8/21/08
Bridge financing of $10.3 mil for the acquisition and redevelopment of City Centre Office, a 67k sf Class B office building at 200 Pine Ave in Long Beach, was arranged by George Smith Partners. The 40-year-old property, consi...
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• Equity Office Investing $25 Mil in SoCal Upgrades
8/21/08
For those of you who may have been under the impression that Equity Office ceased to exist after Sam Zell sold it to The Blackstone Group for $39 bil in 2007, think again. The big office owner, which manages 50 msf of space i...
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• Steel Company Fabricates $9 Mil Industrial Buy in Santa Fe Springs
8/19/08
In the latest deal news from Santa Fe Springs, Hansen Steel, a steel fabrication and services company based in the city, has acquired an 85.9k sf metal industrial building on 4.75 acres at 11919 Smith Ave, north of Telegraph ...
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• Newcastle and RREEF Acquire 54 Acres in Long Beach for Mixed-Use Campus
8/18/08
A 54-acre parcel at the former Boeing aircraft manufacturing site in Long Beach will soon be transformed into a state-of-the-art mixed-use development slated to contain office and industrial product, along with retail space a...
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• New NoHo Apartment Project Sells for $7.9 Mil
8/15/08
Bonner Casitas Apartments, a newly constructed 32-unit multi-family property located in North Hollywood’s NoHo Arts, was acquired by a local investor for $7.875 mil, or about $246k/unit. Located at 5500 Bonner Ave, south of B...
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• Vallarta Supermarkets Acquires 90k sf San Fernando Valley HQ Facility
8/14/08
Vallarta Supermarkets Inc, a fast-growing San Fernando Valley-based supermarket chain, has acquired a near new 89.7k sf corporate headquarters and distribution center in the northern Valley community of Sylmar. Vallarta, an A...
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• Santa Fe Springs Industrial Transactions Total Almost $5 Mil
8/13/08
Three recent industrial deals in Santa Fe Springs rang up a combined $4.6 mil in total consideration. Two of the transactions were sales, while the other deal was a lease. In the building sale, private investors paid $1.7 mi...
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• Wilshire Christian Church Putting Faith in New Transit-Oriented Project
8/12/08
Historic Wilshire Christian Church (Disciples of Christ) is researching the potential development of a mid- to high-rise transit-oriented project near Wilshire and Normandie in LA’s Mid-Wilshire area. The church has retained ...
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• Arden Announces National Expansion Plan
8/11/08
There’s been some notable news from Arden Realty, the big West LA-based office property owner that was acquired by GE Real Estate in May of 2006. The company, which has since the merger expanded from Southern California into ...
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• Latest Signings Bring The Alhambra to 90% Leased
8/08/08
The Ratkovich Company, led by prominent local real estate developer Wayne Ratkovich, recently inked three new leases at The Alhambra, a 45-acre mixed-use campus located at 1000 S. Fremont Ave in Alhambra. The latest signings,...
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• 25-Unit Beverly Hills Apartment Property Listed at $11.2 Mil
8/07/08
Maple Drive Apartments, a unique, six-story multifamily building at 131 S. Maple Dr in a prime part of Beverly Hills, has just been listed for sale with an asking price of $11.2 mil. Consisting of 25 spacious units with an av...
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• Downtown LA Seniors Apartment Property Comes on Market
8/06/08
A large active senior housing community located in the center of downtown Los Angeles, said to offer significant upside potential, has just come on the market with an asking price of $53 mil, or $171.5k/unit. The 12-story pro...
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• TA Associates Hopes Investment in El Segundo Aero/Tech Building Takes Off
8/06/08
A 103.3k sf suburban office building in LA’s South Bay region traded hands in a $24.5 mil transaction, giving the property a value of $237/sf. Located at 2401 El Segundo Blvd, the six-story building sits at the corner with Av...
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• Somerset Group Closes $45 Mil Office Buy in LA’s Miracle Mile Area
8/05/08
The Somerset Group, a privately held real estate investment firm based out of New York, closed on a significant LA office buy, having paid $45.1 mil for 5055 Wilshire Blvd, a 168.5k sf, nine-story ($268/sf) high-rise just eas...
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• Sylmar Apartment Property Fetches $158k/Unit
8/05/08
An investor paid $12.85 mil for Foothill Glen Apartments, an 81-unit ($158.6k/unit) multi-family community located in Sylmar, in what is reportedly one of the most expensive sales ever achieved in Sylmar, based on a price-per...
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• Northrop Grumman Agrees to $120 Mil South Bay Office Deal
8/04/08
A major office lease in LA’s South Bay region was just announced, as aerospace firm Northrop Grumman Corp agreed to take the entire 333k sf Continental Tower building, situated at 101 Continental Blvd, just east of Sepulveda ...
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• Holliday Fenoglio Fowler Arranges $167 Mil for USC-Adjacent Housing Project
8/01/08
The Los Angeles office of Holliday Fenoglio Fowler, L.P. (HFF) arranged a construction loan and joint venture equity totaling $167.5 mil for University Gateway, a luxury student housing and ground-floor retail project adjacen...
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• Wrightwood Funds $17 Mil Buy of Agoura Hills Office Property
7/31/08
Wrightwood Capital has provided $16.925 mil to finance the acquisition of Teradyne Office Building, a two-story, 117k sf building at 30601 Agoura Rd in Agoura Hills. Built in 1987, the property has been owned and occupied sin...
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