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March 28, 2024
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LOS ANGELES COUNTY NEWS
Archive
1  | 2  |  3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  267
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• Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
In news of a substantial redevelopment opportunity in Long Beach, Golden Shore, a prime 4.73-acre waterfront mixed-use development site in the city’s downtown, has been put on the market. The site is comprised of three parcel...
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• L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor
11/15/23
A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office. In 2019, LA Downtown Medi...
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• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
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• Sales Volumes in L.A. County's Commercial Real Estate Drop as Cap Rates Rise Amid the Fed's Rate Pause
11/13/23
This report provided by real estate services firm NAI Capital Commercial In the third quarter of 2023, commercial real estate sales in Los Angeles County experienced a significant year-to-date decline in sales volume, accomp...
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• Private Investor Pays $344k/Unit for Apartment Property in L.A.’s Hancock Park
11/13/23
An eight-unit apartment property in Los Angeles’ Hancock Park area sold for $2.75 mil ($344k/unit). The asset traded at a cap rate of 4.30% and a gross rent multiplier of 14.79. Built in 1938, the value-add property is locat...
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• West Hollywood Apartment Property Trades at 4.85% Cap Rate
11/10/23
A 12-unit apartment property in the Tri-West submarket of West Hollywood sold for $3.95 mil ($329k/unit). The property, located at 8514 Sherwood Dr, traded at a cap rate is 4.85% and a gross rent multiplier of 14.38. Built i...
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• West Covina Apartment Property Trades for $40 Mil
11/09/23
Sunset Square, a 140-unit multifamily property in West Covina, was acquired by B.A.G. Investments Inc in a $40 mil ($286k/unit) transaction. Built in 1964 and renovated in 2015, the four-building property is located at 745 N....
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• Apartment Property in Old Town Torrance Goes for $437k/Unit
11/09/23
A private, 1031 exchange investor purchased an 11-unit multifamily community in Torrance for $4.81 mil, or $437k/unit. Located at 1751 Cabrillo Ave in the desirable Old Town Torrance neighborhood, the property sits on over ...
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• Cerritos Office Building is Traded
11/08/23
Plaza Tower, a 191.9k sf, multi-tenant Class A office property in Cerritos, traded hands in a recent transaction. The nine-story property, located at 18000 Studebaker Rd, was purchased by Logos Missions Inc. Developed in 198...
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• BLT Enterprises Finishes Renovations at Hollywood Soundstage Property
11/06/23
BLT Enterprises has completed a $1 mil renovation of BLT Studios, its wholly-owned and operated film studio and soundstage property located at 6309 Eleanor Ave in Hollywood. The renovations included interior, exterior, and HV...
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• San Gabriel Shopping Center Purchased for $10 Mil by 1031 Exchange Investor
11/03/23
Las Tunas Plaza shopping center, a 17.5k sf neighborhood retail center in the city of San Gabriel, was acquired by a 1031 exchange investor in a $10 mil ($571/sf) transaction. The deal closed at a 4.74% cap rate. Situated on...
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• Work Underway on New 70k sf Building for Malibu High School
11/02/23
Work has started on the first phase of Malibu High School’s expansion for Santa Monica-Malibu Unified School District (SMMUSD). The 70k sf state-of-the-art building, scheduled for completion in fall of 2025, will feature a li...
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• San Fernando Valley Res Community Sale Goes for $106 Mil
11/01/23
Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
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• Exchange Investor’s Car Wash Buy is Pure BLISS
10/31/23
A Los Angeles-based private investor paid $3.72 mil for the absolute triple-net ground lease of a new BLISS Car Wash in Valencia. The transaction was conducted prior to the completion of construction and before the tenant op...
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• Res Community in L.A.’s Playa Vista Area Lands New Loan of $115 Mil
10/27/23
Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista. The Ventana was originally constr...
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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• L.A. County Retail Vacancies Hit All-Time High of 18.2 msf
10/26/23
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q3 2023, LA County's retail market recovery continued, marking three years post-pandemic. With construction easing and vacancy slo...
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• Apartment Property in L.A.’s Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.’s Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds. Located...
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• CapRock Partners Secures $32.9 Mil Loan on San Dimas Industrial Property
10/23/23
CapRock Partners obtained $32.9 mil in financing for 300 East Arrow Highway, a single-tenant industrial building totaling 165k sf in San Dimas. The new non-recourse loan was arranged by Greg Brown, Peter Thompson, Kyle White ...
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• Wimatex Inc Buys Vernon Shopping Center for $4.7 Mil
10/23/23
Vernon Shopping Center, a 14k sf retail asset located in the heart of the City of Vernon was acquired by California-based Wimatex Inc for $4.7 mil ($336/sf) as part of a 1031 exchange transaction. Built in 2017 and situated ...
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