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• Apartment Building in Hollywood’s Media District Sells for Near $300k/Unit
7/01/19
An eight-unit apartment property in the heart of Hollywood’s Media District traded hands for $2.37 mil ($296k/unit). The property is located at 842 Wilcox Ave, west of Vine St about midway between Santa Monica Blvd and Melros...
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• Jamison Properties Buys West L.A. Development Site
6/27/19
Jamison Properties paid $16 mil for a residential development site in the heart of West Los Angeles. The 0.65-acre site is located 11600 Santa Monica Blvd, at the intersection with Federal Ave.
The site is suitable for appro...
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• Santa Monica Apartment Sale at $600k/Unit Viewed as a Value-Add Deal
6/27/19
A 14-unit apartment property in Santa Monica sold for $8.5 mil, or $607k/unit. The property, which was 85% occupied at the time of sale, is located at 833 20th St, near the cross street of prestigious Montana Ave, a favorite ...
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• Foreign Investor Picks Up Pasadena Retail Property in $5 Mil Transaction
6/27/19
An 8.1k sf retail property in Pasadena was purchased by a private foreign investor for $5.18 mil ($639/sf), in an all-cash deal. The property is located at 777 S. Arroyo Pkwy, only a few blocks away from Old Town Pasadena, a ...
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• Investor Pays $285k/Unit for West Valley Apartment Property
6/26/19
Park Regency, a two-story 44-unit apartment property in the western San Fernando Valley community of Winnetka, sold for $12.55 mil, or $285k/unit. The property is located at 7500 Mason Ave, north of Sherman Way between De Sot...
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• Glendale Apartment Property Trades for $400k/Unit
6/25/19
A 19-unit multifamily community in Glendale sold for $7.6 mil ($400k/unit). Constructed in 1987, the 18.9k sf property sits on a 15k sf lot at 714 E. Acacia Ave.
The unit mix consists of all two-bedroom/two-bathroom apartme...
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• Santa Monica Apartment Building Sells for $450k/Unit
6/24/19
A 10-unit apartment property in Santa Monica’s prime Wilshire-Montana neighborhood sold for $4.5 mil, or $450k/unit. The building is located at 829 Euclid St, Just a few doors south of Montana Ave.
John Swartz and Josh Kapla...
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• Investors and Users Buy Studio City Creative Office Condos
6/21/19
Eight condo units at a reative office project in the San Fernando Valley community of Studio City have sold so far this year, in deals totaling $10.4 mil. The project, The Enclave, is located at 3450 Cahuenga Blvd, west of Ba...
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• Commercial Real Estate Financing Briefs
6/21/19
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
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• Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
6/20/19
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
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• El Segundo Value-Add Res Property Goes for $312k/Unit
6/20/19
A 16-unit apartment complex in El Segundo was acquired by an unidentified investor for $5 mil ($312.5k/unit). The property is located at 436-440 W. Imperial Ave, just a few blocks inland from Dockweiler Beach and directly sou...
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• Historic Apartment Property in West Hollywood Sells for over $17 Mil
6/20/19
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood, for $17.275 mil, or $288k/unit.
“We continue to look for well-located assets with a ...
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• Pasadena Apartment Building Fetches $450k/Unit
6/18/19
Lina Pasadena, a six-unit multifamily community in Pasadena, was purchased for $2.7 mil ($450k/unit) by a private investor.
Located at 84-88 N. Catalina Ave, the two-story apartment complex was originally built in 1924 on a...
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• NEP Group Leases 108k sf of Industrial Space in the San Fernando Valley
6/18/19
NEP Group Inc has leased 108.2k sf of industrial space in Van Nuys. NEP, a Pittsburgh-based production company, has multiple locations across the country.
The space is within Van Nuys Distribution – Center 2, located at 7850...
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• New York Life Investors Buys 200k sf Office Property in North Hollywood
6/14/19
A 205.3k sf office property in North Hollywood was acquired by New York Life Real Estate Investors, on behalf of an institutional client. The building was sold by Beacon Capital Partners, which had acquired it for $69 mil in ...
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• Single-Tenant Retail Property in L.A.’s Los Feliz Area Goes for $1,738/sf
6/13/19
A 2.2k sf, single-tenant property fully occupied by Ample Hills Creamery in L.A.’s Los Feliz neighborhood was acquired by a private investor for $3.825 mil ($1,738/sf). The store, which opened its doors in October 2018, marks...
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• Co-Living Developer Pays $1.35 Mil/Unit for New Venice Four-Plex
6/13/19
A San Francisco-based coliving developer purchased a luxury rental property consisting of four tri-level townhouse units in Venice for $5.4 mil. The asset sold for a record-breaking $1.35 mil per unit – one of the highest per...
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• Premier Workspaces Opens First Location in Santa Clarita Valley
6/12/19
Premier Workspaces, one of the largest privately-owned flexible workplace operators in the U.S. with over 90 locations, has just opened its first location in north L.A. County’s Santa Clarita Valley. The property is located a...
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• WelbeHealth Leases Space at Renovated Medical Complex in Pasadena
6/11/19
WelbeHealth agreed to a lease for 14.2k sf at Cotton Medical Center, a 115k sf, recently renovated medical office complex located in Pasadena. WelbeHealth will take space in the building complex’s South Tower and has applied ...
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• Investor Pays $433k/Unit for Apartment Building in Long Beach
6/10/19
A six-unit apartment property the Alamitos Beach submarket of Long Beach traded hands in a recent $2.6 mil transaction. The property, located at 319 Walnut Ave, fetched $433k/unit in a deal that had a cap rate of 4.3%.
Built...
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