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April 19, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Owner/User Buys 335k sf Vernon Facility
4/06/10
In a large industrial acquisition from LA’s mid-cities region, a 335k sf multi-tenant building in Vernon traded hands. The building is located at 4150 Bandini Blvd, west of the 710 Fwy and north of Slauson Ave. The price was...
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• $5 Mil in Renovation Work Completed for Redondo Beach USD
4/05/10
A $4.8 mil renovation of the Redondo Beach Unified School District’s Madison, Birney and Beryl Elementary Schools was just completed. The architecture firm of Westberg & White of Tustin designed the projects, while Barnhart ...
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• La Brea Bakery Cooks Up Pair of Transactions on 130k sf Van Nuys Industrial Building
4/02/10
La Brea Bakery recently inked two separate deals on a 129.5k sf industrial property in Van Nuys that the company has been leasing from Prudential. La Brea Bakery still had 4.5 years remaining on their original lease at the b...
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• Monrovia’s Old Town Gets New Mixed-Use Res Community
4/02/10
Paragon at Old Town, a new mixed-use apartment community in Monrovia’s historic Old Town district, just opened its doors. Developed by Urban Housing Group, Paragon at Old Town provides amenity-rich living within walking-dista...
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• Van Nuys Retail Lease is a Cut Above
4/01/10
In a San Fernando Valley retail deal, the Academy of Barbering Arts signed a $1.7 mil, long-term lease for 8.5k sf of space at The Plant retail center in Van Nuys. The trade school is relocating from Northridge to its new loc...
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• San Fernando Valley Apartment Property Sells for $3.75 Mil
3/30/10
A 16-unit condominium complex in Panorama City currently being operated as an apartment complex sold for $3.75 mil ($234.4k/unit). The property is located at 9201 Tobias Ave, north of Nordhoff St and a block west of Van Nuys ...
Price: $3.99
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• SoCal Industrial Property Owner Finally Lands Dreamgirl
3/30/10
Dreamgirl, an international manufacturer and marketer of contemporary costumes and lingerie, recently inked a lease for 93k sf of industrial space within the 1.5 msf Cheli Distribution Center in Bell. The $3 mil transaction w...
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• Investor Pays $385k/Unit for West Los Angeles Multifamily Property
3/29/10
An eight-unit apartment building in the Brentwood area of West Los Angeles was acquired by a private investor for $3.08 mil, or roughly $385k/unit. The property is located at 326 Gretna Green Way, south of Sunset Blvd and a b...
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• Glendale Office Property Sells for Just Under $200/sf
3/26/10
In the latest deal news from the Tri-Cities area, a 16.8k sf office property in Glendale sold for $3.3 mil, or about $196/sf. Constructed in 1979, the building is located on a 30.6k sf lot at 750 Fairmont Ave, east of San Fer...
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• CCG Signs for 20k sf of Pasadena Space
3/25/10
The California Credits Group LLC (CCG) inked a long-term lease for 20.7k sf of space at Corporate Center Pasadena, a Class A, mixed-use project in Pasadena's vibrant South Lake Avenue business and shopping district. The prope...
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• Johnson Capital Provides Financing for Pair of $9 Mil SoCal Deals
3/24/10
Johnson Capital’s Kevin Burkhalter has arranged financing for two $9 mil SoCal transactions, one a retail center and the other an industrial property. In the other deal, Burkhalter arranged $9.4 mil on a 284.6k sf single-ten...
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•  Local Investor Acquires 56-Unit Apartment Complex in LA’s Beverly Grove Area
3/23/10
Terraces at the Grove, a 56-unit luxury apartment complex located within a few blocks of the Beverly Center in the Beverly Grove area of Los Angeles, was acquired by a local family buyer for $12.8 mil, or about $228.6k/unit. ...
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• Culver City Renovation Project Awarded LEED Gold Certification
3/22/10
The LEED (Leadership in Energy and Environmental Design) Gold Certification, the second highest sustainability designation awarded by the U.S. Green Building Council was recently awarded to Urban Offerings Inc and their partn...
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• E!normous West LA Office Renewal
3/18/10
E! Entertainment Television inked one of the largest West LA office leases in some time, agreeing to a 10-year renewal of its 355.3k sf space at the Wilshire Courtyard office complex, located at 5700 and 5750 Wilshire Blvd in...
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• Gangi Development Looking to Re-Position Distressed Res Condo Projects
3/16/10
Burbank-based Gangi Development Company is actively seeking distressed residential condo projects currently being held by banks and that can be readily re-positioned into affordable housing. Gangi is working with an opportuni...
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• Professional Firms Lock Up Woodland Hills Office Space
3/12/10
We’ve got a couple of recent office lease comps from Woodland Hills to let you know about. In one deal, the accounting firm of Cohen Miskei and Mowrey leased 18k sf at 5700 Canoga Ave, just north of Burbank Blvd. The building...
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• Long Beach Apartment Property Acquired by Foreign Buyer for $106k/Unit
3/12/10
A 17-unit apartment community in Long Beach recently sold for $1.8 mil, or about $105.9k/unit. The property sold at a cap rate of 7.3%, with a 21-day escrow. It is located at 1762 East 3rd St, north of Broadway and west of Ch...
Price: $3.99
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• Westside Media Companies Choose to Stay at Westside Media Center
3/11/10
Kilroy Realty Corporation has locked up 113.8k sf of lease renewals at Westside Media Center, a recently renovated Class A office complex located at 12100, 12200 and 12312 West Olympic Blvd, near the 405 and 10 Freeways and w...
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• Department of Defense Takes Occupancy of New El Segundo Facility
3/10/10
The United States Department of Defense has taken occupancy of the newly completed Los Angeles Military Entrance Processing Station (MEPS) in El Segundo, which was developed by Mar Canyon Grand LLC. The 33k sf building is loc...
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• HFF Arranges Financing on Lionstone’s Share of Santa Monica Office Complex
3/09/10
By Allen Wolfsheimer HFF (Holliday Fenoglio Fowler, L.P.) has arranged $85 mil in financing on the majority of the Lantana Media Campus, a 530k sf sf Class A office campus in Santa Monica. The financing is on the four-buildi...
Price: $3.99
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