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February 20, 2020
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LOS ANGELES COUNTY NEWS
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• Retail Real Estate in LA County Expected to Have Good Year in 2008
3/12/08
Retail properties throughout Los Angeles County are expected to have a healthy year in 2008, despite moderating economic expansion, according to the latest research from national brokerage firm Marcus & Millichap. The forecas...
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• Galaxy Buy in Valencia Opens Up Universe of Expansion Possibilities
3/12/08
Well-located SoCal industrial facilities are still in high demand by owner/users in the region, as vacancy rates remain very low and land for new industrial development is extremely scarce. In a recent industrial acquisition,...
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• Local Buyer Spends $11 Mil on Torrance Apartment Community
3/11/08
A 68-unit apartment community in Torrance was purchased by a local investment group for $11 mil, or $161.8k/unit. The property, called Alondra Park, is located at 3338 Redondo Beach Blvd and has been extremely well maintained...
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• Recent Deals Bring LA’s Pacific Financial Center to 99% Leased
3/10/08
A downtown Los Angeles high-rise office property from the 1970s, the Pacific Financial Center, is now 99% leased, thanks to a number of recent deals, one of which was with The Arthritis Foundation. The non-profit organization...
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• Investor Spends $400/sf on West LA Office Property
3/07/08
A three-story, multi-tenant office building in West Los Angeles recently traded hands in a deal valued at $9.6 mil, or about $398/sf. The property, Corinth Gardens, is located on 0.33 acres at 2211 Corinth Ave, west of the 40...
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• SoCal Apartment Investment Opportunity is Definitely Waterfront Property
3/05/08
Looking for a unique SoCal beachfront investment opportunity? Here’s news of a 161-unit Redondo Beach apartment complex that might fit the bill. The property is The Waterfront, a 125k sf asset situated on 3.65 acres on the sa...
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• Big Legacy Office Buy is a Matter of Symantecs
3/05/08
by Allen Wolfsheimer
Foster City-based Legacy Partners recently wrapped up a big SoCal office buy, acquiring a vacant 239.3k sf LEED-certified building in Culver City for just under $100 mil ($413/sf). The property, 800 Corporate Pointe, is part ...
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• New RENTV Executive Report: San Fernando Valley Hot Transactions
3/03/08
Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the San Fernando Valley, a massive region in the northwest part of Los Angeles that almost seceded from the city a few years ba...
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• San Fernando Valley Industrial Deals Require Precision
3/03/08
Industrial space in the LA Basin remains in high demand, with vacancy rates in some parts of the region well below 5% and with most owners having little problem selling or leasing product. For example, in the San Fernando Val...
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• Peabody’s Wayback Machine Stops at Sherman Oaks Penthouse Space
2/29/08
In this article we’ll take a look at two recent, smaller office leases from the San Fernando Valley, one in Sherman Oaks and the other in Pasadena. In the Sherman Oaks deal, Morgan Peabody agreed to a five-year, $1.72 mil lea...
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• Starpoint Nabs 54-Unit Burbank Complex
2/28/08
Starpoint Properties purchased a 54-unit apartment complex in the city of Burbank for $11.5 mil ($213k/unit). Located at 1800 Grismer Ave, between the I-5 and Glenoaks Blvd, the asset is situated near Burbank’s Media District...
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• Golden Boy Hopes to Turn South Gate Infill Site to Gold
2/27/08
Boxing superstar Oscar De La Hoya took a big swing at real estate development the other day with the groundbreaking for the first urban infill project to be developed by Golden Boy Partners, the real estate development compan...
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• Maguire’s Latest Signing is a Stroke of Genius
2/26/08
Here’s some more recent good news for Maguire Properties, as they just got another entertainment biz tenant to lock up space in Santa Monica. In the latest deal, Genius Products Inc agreed to a 10-year lease for a 40.5k sf fu...
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• Golden Opportunity in Beverly Hills Hits the Market
2/26/08
Here’s news of a very notable Beverly Hills office listing to just hit the market, as a portfolio of three trophy buildings, totaling roughly 185k sf, in the city’s prestigious Golden Triangle area, is being offered for sale....
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• Entertainment Biz Firm Lights Up Pacoima Facility in $7.8 Mil Lease
2/25/08
In news of a recent industrial lease from the northeast San Fernando Valley, Paskal Lighting, a national lighting and grip company that services the motion picture and television industry, inked a 10-year, $7.8 mil lease for ...
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• Historic Pasadena Properties Trade in $32 Mil Transaction
2/22/08
Two historic mixed-use properties in the heart of Pasadena’s restored Old Pasadena district were recently acquired by a venture of Cambra Real Estate and Angelo Gordon Company in a $32 mil ($318/sf) transaction. Containing a ...
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• LA Buyer Closes $25 Mil Palermo Apartment Buy
2/21/08
The Palermo Apartments, a 130-unit multi-family community in the South Bay city of Torrance, was acquired by RCMI in a $25.1 mil transaction ($193.1k/unit). Located at 4315 West 182nd St, the 91.1k sf apartment community cons...
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• Update on LA’s Plan to Alter Traffic Patterns on Olympic and Pico
2/20/08
Here’s a recent update about a proposed plan to alter traffic routes in West LA that is of great interest to many commuters, along with many local businesses, property owners and residents in the area. The article is reprinte...
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• Birtcher and Cornerstone Close $68 Mil Santa Fe Springs Buy
2/15/08
A 608.2k sf industrial property in Santa Fe Springs was acquired by OC-based Birtcher Development & Investments, along with its joint venture partner, an institutional investor represented by Cornerstone Real Estate Advisers ...
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• West LA Office Building Sells for $29 Mil
2/15/08
A three-story, 82.3k sf office building in West Los Angeles, called Santa Monica-Wellesley Plaza, was sold in a $28.9 mil ($351/sf) deal. Located at 12304 Santa Monica Blvd, west of Bundy Dr, the building was completed in 198...
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