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April 19, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Trio of Recent Leases at Watt Plaza Total More than 25k sf
10/20/11
Recent office leasing activity on LA ‘s Westside has included three deals totaling more than 25k sf of space at Watt Plaza, a twin 23-story office tower complex encompassing 900k sf feet in the heart of Century City. The tr...
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• West Hollywood Multifamily Property Goes for $370k/Unit
10/19/11
La Ventana, a 15-unit apartment community located at 1031 North Crescent Heights Blvd in West Hollywood, sold for $5.555 mil, or about $370k per unit. La Ventana is one of only a few sales in West Hollywood in recent years th...
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•  LA Mid-Rise Office Tower Purchased for $6.8 Mil
10/18/11
A seven-story, 110k sf office building in Los Angeles was acquired for $6.8 mil by a downtown LA mixed-use developer who plans to convert the building into residential housing. The property, located at 1111 Sunset Blvd, sold ...
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• Draftsmen & Craftsmen
10/17/11
Construction has been completed on the $20 mil Martin Luther King, Jr. Center for Public Health, located on the north end of the Martin Luther King, Jr. Medical Center Campus in Los Angeles. The new building, constructed by t...
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• Dental Technology Company Brightens Up Marina del Rey Office Market
10/14/11
We just learned of an interesting office lease in Marina del Rey. C3 Jian inked a 10-year deal worth more than $10 mil for 34.5k sf ($2.42/sf/mo) of office flex space at 4503 Glencoe Ave. The 60.5k sf life science building is...
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• Logistics Provider Leases 27k sf South Bay Facility
10/13/11
NDO America agreed to a new lease for 26.9k sf of high-image industrial space in Rancho Dominguez. The company, a global logistics provider, will be relocating within the South Bay when they take occupancy of their new space ...
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• The RIO Company Wraps Up Second Apartment Buy so Far this Year
10/12/11
We’ve got a few recent LA-area apartment sales comps to report, starting in Downey, where The RIO Company purchased La Reina Apartments, a 41-unit multifamily asset, in an off-market transaction. The value was not disclosed, ...
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•  Monrovia Mixed-Use/Redevelopment Property Sells for $5 Mil
10/12/11
In recent deal news from the San Gabriel Valley, a mixed-use property/redevelopment site of 5.43 acres in the city of Monrovia sold for $5.1 mil. The property is located at 1625 S. Magnolia Ave, east of Mayflower Ave and just...
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• Acacia Realty Corp Picks Up 77-Unit Glendale Apartment Property
10/11/11
Acacia Realty Corp has acquired Legacy at Westglen, a two-building, 77-unit apartment complex in Glendale. The property was sold by TIAA-CREF Global Real Estate. Terms of the sale were not disclosed. Built in 1984, the 8...
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• Colorado-Based Salon/Spa Chain Opens Signs for Three SoCal Locations
10/11/11
Phenix Salon Suites, a Colorado Springs, CO-based salon/spa chain, recently inked three SoCal leases in deals worth a combined $2.8 mil. The leases are in Los Angeles, Orange and San Diego Counties. “Phenix’s unique individ...
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•  Jones Lang LaSalle to Handle leasing at The Bluffs at Playa Vista
10/11/11
J.P. Morgan Asset Management has awarded the leasing assignment for The Bluffs at Playa Vista to Jones Lang LaSalle. The Bluffs is a two-building, 500k sf Class A office campus located on 15 acres in the upscale Los Angeles s...
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•  Lincoln Property Spends $550/sf for Santa Monica Building
10/07/11
Lincoln Property Company recently closed on a Santa Monica acquisition, paying $12.6 mil for 1315 Lincoln Blvd, a two-story, 23k sf ($548/sf) Class A property. Constructed in 2005, the building offers street-level retail and ...
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• FedEx Delivers Extension for Compton Industrial Space
10/06/11
In a recent Compton lease comp, FedEx Corporation signed a seven-year extension deal for 62.3k sf of industrial space located at 201 W. Manville St, south of the 91 Fwy and west of Alameda St. Situated on 11 acres of land, th...
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• NorthMarq Capital Arranges Financings in Vegas and LA Worth Over $50 Mil
10/04/11
The Los Angeles office of NorthMarq Capital recently arranged two substantial multifamily financings, one on a 346-unit property in Las Vegas and the other on three separate assets in LA’s Miracle Mile area. In Vegas, NorthM...
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•  Former Recording Academy HQ Building in Santa Monica Sells
10/04/11
Here’s the scoop on a recent investment deal on LA’s Westside as TC Pico Development LLC, a development partnership of Trammell Crow Company and Westport Capital, has acquired a 39.1k sf building in Santa Monica, best known a...
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• David Thind Joins Brentwood Office of Coldwell Banker Commercial
10/03/11
SoCal commercial real estate veteran David Thind has joined Coldwell Banker Commercial at the Brentwood location as a director of commercial activity. Thind's presence in the Brentwood office will further enhance the full ser...
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•  Former San Fernando Valley Hospital Property to Be Revived in Res Development Buy
9/30/11
In a notable development deal from the San Fernando Valley, IMT Capital LLC acquired the former Northridge Valley Hospital in Van Nuys for $14.7 mil, or around $90/sf. The 160k sf campus is situated on roughly seven acres at ...
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• Anderson Pacific to Develop $74 Mil Mixed-Use Project in Long Beach
9/29/11
Anderson Pacific LLC, a Los Angeles-based real estate development firm, has enlisted Dekel Capital Inc to raise $23.8 mil in JV equity for Shoreline Gateway, a fully entitled, 15-story, urban infill mixed-use development in L...
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• Marcus & Millichap’s Los Angeles County Office Report 3Q2011
9/28/11
Marginal tightening in the Los Angeles office market will persist through 2011, but considerable time is required before metrowide vacancy returns to single-digit territory recorded prior to the recession. Countywide absorpti...
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•  Burbank Condo Project Sells for $325k/Unit
9/28/11
Taiko Village, a 43-unit condo project in the city of Burbank, traded hands at a price of $14 mil ($325.6k/unit). Located at 1601 Scott Rd, north of Burbank Blvd and east of I-5, the asset was purchased by Laguna Niguel-based...
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