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December 8, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Stantec Agrees to Corp HQ Expansion/Renewal Lease in Pasadena
9/10/19
Engineering firm Stantec recently inked a renewal/expansion lease for 29k sf of space at Gateway Plaza, a 13-story, 281.9k sf, Class A office property in Pasadena. The lease brings occupancy at Gateway Plaza to 100%. Stantec...
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• Office Property in the Southeastern San Fernando Valley Trades at $347/sf
9/09/19
West Toluca Lake Plaza, a 20.2k sf creative office building in the southeastern San Fernando Valley community of Toluca Lake, was purchased by a private investor for $7 mil, or $347 per square foot, in an off-market transacti...
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• Apartment Building in LA’s Brentwood Neighborhood Sells for Over $500k/Unit
9/06/19
An eight-unit multifamily building in Brentwood, a prime Los Angeles neighborhood, sold for $4.13 mil ($516k/unit). The property is located at 11747 Mayfield Ave, west of Barrington Ave and north of Wilshire Blvd. John Swart...
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• Hollywood Storefront Property Trades for $669/sf
9/06/19
A 12.1k sf, multi-tenant retail storefront property in Hollywood has sold for $8.1 mil, or $669/sf. Located at 7611 to 7623 Sunset Blvd, the two-building asset is situated on slightly more than a one-half-acre parcel of land ...
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• Australia-based Body Fit Training Inks Deal for Initial Flagship Location in Santa Monica
9/05/19
Australia-based Body Fit Training has named Avison Young as its exclusive U.S. property representative. The real estate company will help coordinate the fitness franchisor’s expansion across the United States. Body Fit Train...
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• Carlos A.G. Vigon Teams Up with Tavaco Capital Management to Create New Investment Firm
9/03/19
Los Angeles commercial real estate executive Carlos A.G. Vigon, a former Senior Vice President with CBRE, has launched an investment firm focused on opportunistic real estate debt and equity investments in the United States. ...
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• Class A Building in Calabasas Sells for $24 Mil
8/30/19
A 76.5k sf, Class A building in Calabasas, at the western end of the San Fernando Valley, was acquired for $24 mil ($314/sf) by an entity of Los Angeles real estate investor Paul Minoo’s 4M Investment Corp. It is situated at ...
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• Corner Parcel in Downtown L.A.’s Fashion District Sells for $8.75 Mil
8/28/19
A 15.8k sf corner parcel in the heart of the Fashion District of Los Angeles has sold for $8.75 mil. The asset is located at 310 E 9th St, at the signalized, southwest corner of 9th St and Maple Ave. The subject property is ...
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• Retail Asset in L.A.’s Koreatown Trades for Nearly $500/sf
8/28/19
The Heyman Center, a two-story, 25.3k sf shopping center in L.A.’s Koreatown district, sold for $12.55 mil, or $496/sf. The property is located at 730 South Western Ave, between 7th and 8th Streets, just one-and-a-half blocks...
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• Grocery Anchored Center in the San Gabriel Valley Fetches $30 Mil
8/26/19
Monrovia Landing, a 96.9k sf, grocery-anchored retail center in the San Gabriel Valley city of Monrovia, sold for $30.5 mil ($315/sf). The asset was sold by a partnership between Telos Capital, a Pasadena-based private real e...
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• New Res Development in Westchester Sells for $575k/Unit
8/26/19
A brand new, 18-unit multifamily development in Westchester sold for $10.35 mil, or $575k/unit. The property, located at 6908 Knowlton Place, between La Tijera and La Cienega Blvds, was sold by the developer, TJC Real Estate ...
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• Buyer Spends $5.3 Mil on Whittier Multifamily Property
8/23/19
A local private investor paid $5.3 mil for Friendly Hills Apartment Homes, a 21-unit ($252k/unit) res property in Whittier. From what we understand, this was the first time the property had been on the market since it was bui...
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• South Gate Multifamily Development on Track with $80 Mil of Equity and Construction Money
8/21/19
JPI has obtained in excess of $80 mil in financing for development of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate. The preferred equity and construction loan was arranged by Dekel Capital. Je...
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• Draftsmen & Craftsmen
8/21/19
Work has been completed on AC Hotel Los Angeles South Bay, a 98.7k sf, six-story hotel in the heart of El Segundo’s business district. The project is a development of Welcome Group Inc and was built by R.D. Olson Construction...
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• Investors Trade Apartment Property in Glendale for $259k/Unit
8/21/19
A 34-unit multifamily community in Glendale, CA sold for $8.8 mil, or $259k/unit. It is located at 2121 N. Verdugo Rd, just west of the 2 Fwy about midway between the 134 and 210 Fwys, about 11 miles north of Downtown Los Ang...
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• San Gabriel Valley Multifamily Asset Trades in $34 Mil Deal
8/19/19
Sagewood Gardens, a 162-unit community for residents 55 and above in Hacienda Heights, has sold for $34.375 mil ($212k/unit). The property is located at 14814 Gale Ave, just north of the 60 Fwy in the heart of the San Gabri...
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• Condo-Mapped Multifamily Property in Pasadena Goes for $380k/Unit
8/16/19
A condo-mapped, 23-unit multifamily complex in Pasadena has sold in an IRS-sanctioned 1031 Exchange transaction for $8.75 mil, or $380k/unit. Located at 168 N. Wilson St, the well-maintained complex was conceived and built a...
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• Prologis Pays $41 Mil for 11-Acre Site in Commerce
8/16/19
Prologis has purchased an 85k sf industrial facility set on 11.24 acres in Commerce for $41 mil. The property is located at 2420 Yates Ave, close to a densely populated area. Kidder Mathews commercial real estate brokers, J...
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• Long Beach Apartment Comp Comes in at $232k/Unit
8/14/19
In a recent multifamily comp in Long Beach, a 20-unit apartment complex traded hands for $4.645 mil, or $232.3k/unit. The apartment complex is located at 5075 Atlantic Ave, east of the 710 Fwy and just north of Del Amo Blvd. ...
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• The World May not Be Flat but Cool Housing in DTLA Is
8/13/19
A newly reimagined, mid-century modern all-studio apartment complex, The Flat, is set to open its doors this week. Located in downtown Los Angeles at 750 Garland Ave, The Flat is designed for those seeking an experiential li...
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