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October 18, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Dodgers Hit One Out of the Ballpark with Stadium Improvement Plan
4/28/08
In an effort to improve the overall Dodgers game experience and to create a year-round source of revenue from the club’s iconic stadium property, the Los Angeles Dodgers last week announced plans for a multi-faceted improveme...
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• Eric Olofson Named Vice Chairman at Cushman & Wakefield
4/28/08
Eric L. Olofson II has been promoted to Vice Chairman at international real estate services firm Cushman & Wakefield. He was previously an Executive Vice President and is based in the firm’s West Los Angeles office. In additi...
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• G&L Realty Gets Medical Attention in $16 Mil San Pedro Sale
4/25/08
A three-building, 68.1k sf medical office complex in San Pedro was acquired by KF Properties last month in a $16 mil ($235/sf) transaction. The property, located at 1360 W. 6th St, across the street from the Little Company of...
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• LA City Dignitaries Sign Private Sector Green Building Plan at Earth Day Party
4/25/08
The City of Los Angeles celebrated Earth Day this past Tuesday by signing into law an aggressive plan that calls for reducing the city’s carbon emissions by at least 80,000 tons by the year 2012, making LA the first major Ame...
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• Investor Spends $12 Mil on Village in East Hollywood
4/24/08
A 41-unit apartment complex in Hollywood was acquired by a locally based investor for $12 mil. The property, East Hollywood Village, is located on a 2.8k sf site at 5718-5728 Hollywood Blvd, between Western Ave and the 101 Fw...
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• Dynaroll Gets it Bearings in the Valley with $5.3 Mil Sylmar Buy
4/21/08
Dynaroll Corporation has settled on an additional location in the San Fernando Valley with the recent purchase of a 41.5k sf industrial facility in Sylmar. The company, which was founded in 1988 and has since become one of th...
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• Canyon-Johnson Closes Its $1 Bil Fund III
4/18/08
The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, closed its $1 bil Canyon-Johnson Urban Fund III. The third fund, which eclipses the combined $900 mil in equity of th...
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• Montebello Industrial Facility Sells for $7 Mil
4/16/08
An 89.6k sf industrial building in Montebello recently traded hands with a price tag of $7 mil, or roughly $78/sf. The building, located on 4.3 acres of land at 1561 Chapin Rd, east of the I-5 and north of Slauson Ave, was so...
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• Car Wash Buyer Hopes to Clean Up by Redeveloping Sun Valley Property
4/15/08
A former car wash site in the northeastern San Fernando Valley community of Sun Valley was recently acquired by a local affordable housing investor for redevelopment into a multifamily complex. The property, located at 8925 a...
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• GE Provides $380 Mil in Douglas Emmett’s Purchase from Arden
4/14/08
In a follow-up to recent news of Douglas Emmett’s (DEI) purchase of six office properties totaling 1.4 msf of space from Arden Realty for $610 mil, acquisition financing of $380 mil for the transaction was provided by GE Real...
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• L.A. Gets Live-lier with Opening of 26-Story Luxury Res Tower
4/10/08
A unique apartment high-rise project in downtown Los Angeles is set to debut in May, 2008. We’re talking about the grand opening of 717 Olympic, a 26-story luxury rental project in the heart of the new 27-acre L.A. Live enter...
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• Investors Pay Top Dollar for Portfolio Enhancement Procedure
4/10/08
by Allen Wolfsheimer
In a Beverly Hills office buy that stands a cut above similar deals in the region, a 63.3k sf medical office property occupied primarily by high-profile plastic surgeons sold for $55 mil, or $869/sf, a record price for this t...
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• Pacoima Industrial Facility Sells for $5 Mil
4/09/08
A 53k sf manufacturing/distribution facility at 13020 Pierce St, east of the intersection of the 118 and 5 freeways in Pacoima, traded hands at a price of $4.98 mil ($94/sf). The property is strategically located in an enterp...
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• Investors Get Industrious in North LA County
4/08/08
For those of you who follow commercial deal activity from northern LA County, here are some transaction notes from a few recent industrial sales in the area. We’ll start with the sale of a 6.8k sf building on a 44k sf land si...
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• New 202-Unit Northridge Apartment Complex to Be Completed in June
4/07/08
With sales of houses and residential condos still mired in a major downturn, demand for apartments remains stronger than ever, prompting continued development of new projects and the repositioning of many late-to-market condo...
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• El Segundo HQ Asset Offered for Sale
4/07/08
Major investors or businesses looking for near 200k sf of office/R&D space in LA’s South Bay region might want to check out this recent listing that just hit the market. The offering consists of a 175k sf HQ office building a...
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• Arden Sells $700 Mil of Office Assets in Two Major Deals
4/04/08
Arden Realty, the Brentwood-HQ’d office property owner that was acquired by GE Real Estate for $4.8 bil in 2006, is making significant changes to its portfolio, as the company recently sold 1.73 msf of assets in two sales, to...
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• Glendale Becomes the Joketown Hometown
4/03/08
A pair of recent leases filled an additional 25.5k sf of space at 505 N. Brand Blvd, a 319.9k sf Class A office tower in Glendale’s financial district. The two transactions, with American Imaging Management and Joketown Inc, ...
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• Living Spaces Gets State-of-the-Art Space at The Plant
4/02/08
A new $20 mil state-of-the-art warehouse and showroom for Living Spaces Furniture was just completed at “The Plant” in Panorama City, replacing what was the largest metal building at the former General Motors assembly plant w...
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• Raleigh Spends $17 Mil on Two LA Industrial Assets
4/02/08
Santa Monica-based Raleigh Enterprises picked up two LA-area industrial properties in separate transactions, totaling $17.1 mil, over the last few months. The buildings, which contain roughly 200k sf of space, are in the City...
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