| Lief Labs Leases 111k sf Industrial Building in Valencia
Lief Labs, a manufacturer and product development innovator of dietary supplements, signed a long-term lease for a 111.3k sf industrial building in Valencia. The building, located at 29025 - 29055 Avenue Paine, is currently u...
| Redevelopment Site in West Los Angeles Trades under the Guidelines of the Recently Approved Exposition Corridor Transit Neighborhood Plan
A 20.3k sf redevelopment site on the northeast corner of Pico and Sepulveda in West Los Angeles was purchased by a partnership between HATCHspaces LLC, a life sciences developer focused on creating workspaces for STEAM-based ...
| Unique Mixed-Use Asset in Northeast Los Angeles Trades for $5 mil
Glassell Commons, an 18k sf, value-add, mixed-use asset in Northeast Los Angeles, traded hands in a $5 mil transaction. The property currently houses two structures located at 3716 Eagle Rock Blvd and 3729 Verdugo Rd.
| Pelican BioThermal Leases 54k sf Industrial Space in Valencia
Minnesota-based Pelican BioThermal LLC, a manufacturer of temperature controlled, thermally-protected packaging, signed a five-year lease for 54k sf of industrial space in Valencia.
The free-standing facility, which will be...
| Sylmar Apartment Property Trades at Record $309/sf for the Area
Astoria Oaks, a 29-unit apartment property in Sylmar, traded hands for $6.4 mil, or $220.7k/unit. The property is located at 13983 Astoria St, on the southwest side of Foothill Blvd and the 210 Fwy.
Built in 1979, the three-...
| Rexford Industrial Picks Up Creative Industrial Biz Park in DTLA’s Arts District
Rexford Industrial purchased Box Yard, a four-building creative industrial business park totaling 261.5k sf in Los Angeles’ Arts District, for $94 mil ($360/sf), as mentioned in a separate article posted yesterday covering mu...
| Fundamental Income Picks Up Three-State Net-Lease Portfolio in $20 Mil Deal
Fundamental Income, a Phoenix-based net-lease real estate platform backed by a fund managed by Brookfield Asset Management, acquired a three-property, 313k sf, mission-critical industrial portfolio in Visalia, CA; Birmingham,...
| Rexford Industrial Realty Closes on $189 Mil of SoCal Industrial Assets
Rexford Industrial Realty Inc recently closed on five SoCal industrial properties for a combined price of $188.9 mil. The assets contain a total of 660.3k sf of improvements and sit on 28.8 acres of land. Year-to-date, Rexfor...
| Rescore Property Corporation’s 560k sf Mixed-User in Hollywood has Been Completed
Rescore Property Corporation has completed work on The Rise, a 561.6k sf, seven-story mixed-use residential and creative office project located at 1331 North Cahuenga Blvd in the heart of Hollywood. The project, consisting of...
| Renovated Long Beach Apartment Building Sells for $368k per Unit
A newly renovated, 11-unit apartment property in Long Beach’s Fourth Street / Retro Row neighborhood sold for $4.05 mil, or $368k per unit. Built in 1948, the property is located at 2104 E. Florida, just east of Cherry Ave be...
| Investor Pays Over $700/sf for Creative Office Asset in El Segundo
A Los Angeles-based private investor paid $11.25 mil for a fully occupied, 15.7k sf ($716/sf) creative office building in El Segundo. The building, located at 2210-2218 E Maple Ave, was sold by Five Amigos LLC, a partnership ...
| Draftsmen & Craftsmen
Construction is complete on LA3, a new CoreSite Data Center in Downtown Los Angeles. LA3 is an expansion to the landmark United States Postal Terminal Annex, which was renovated and restored in 2001 into CoreSite’s current LA...
| BLT Enterprises Repositioning and Rebranding 200k sf Hollywood Campus Property
BLT Enterprises is in the process repositioning of its recently acquired 200k sf creative campus, which the firm has rebranded as The Hollywood Exchange. The property, which currently encompasses 11 buildings spanning 6.4 acr...
| Long Beach Apartment Building Fetches $443k per Unit
A six-unit apartment property in Long Beach’s Belmont Heights neighborhood traded for $2.66 mil, or $443k per unit. The property is located at 4108 E. Broadway, north of Livingston Dr and west of Ximeno Ave.
Built in 1923, t...
| Alere Property Group Buys 33k sf Industrial Property in Vernon
Alere Property Group bought a 33.4k sf, Class A industrial warehouse in the Los Angeles County submarket of Vernon. The asset, located at 4433 Pacific Blvd, was sold by a private investor in an off-market transaction.
| Watt Companies Completes Ground Floor Common Area Renovation of Century City Office Tower
Watt Companies has completed a major renovation of the ground-floor common area at Watt Plaza, an iconic 23-story twin office complex in the heart of Century City. The transformation quadrupled the square footage of the space...
| Waterford Property Company Acquires Over 500 Res Units in Pasadena
Waterford Property Company, in partnership with the California Statewide Communities Development Authority (CSCDA), has acquired two Pasadena multifamily communities with a combined 513 units, in deals totaling $335.1 mil ($6...
| San Fernando Industrial Owner is Traded in $5.6 Mil Deal
A 22.4k sf, multi-tenant industrial building in the city of San Fernando sold for $5.56 mil ($248/sf). Built in 1962, the property is located at 571-595 4th St, within North LA’s East San Fernando Valley industrial submarket....
| Net-Lease Investment Activity Close to Pre-Pandemic Levels
This report was provided by CBRE
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-...
| Commercial Financing Briefs
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged a $30 mil refi of a 78.5k sf, Class A office building located in Manhattan Beach that serves as the new global corporate headquarters of Fisker Inc. The three...