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• Capital Markets: Los Angeles County Boasts Highest Sales Volume in U.S. in 2019
2/13/20
This report was provided by real estate services firm CBRE
Los Angeles continues to be a hotbed of investment activity as investors flock to the region’s robust supply of institutional assets and stable pricing. For the four...
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• Cerritos Multifamily Asset Trades in $49 Mil Deal
2/12/20
Four Trees, a 150-unit apartment property in Cerritos, was purchased for $48.6 mil ($324k/unit) by Palos Verdes Management Company LP. The asset was sold by a partnership of local investors.
Located at 18427 Studebaker Rd, t...
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• Investment Venture Buys 138k sf Retail Center in Los Angeles
2/07/20
Crenshaw Plaza, a 137.8k sf retail center located at the southeast corner of West Slauson Ave and Crenshaw Blvd, was acquired by a joint venture between two Los Angeles-based private commercial real estate investment firms. C...
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• Affordable Housing Developer Buys Santa Monica Apartment Property
2/07/20
A 40-unit apartment community situated on about 1.47 acres of land in Santa Monica was acquired by an unnamed affordable housing developer in a recent transaction valued at $13.7 mil $342.5k/unit. It was sold by a family trus...
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• Creative Office Campus in Culver City Trades for $169 Mil
2/06/20
A venture between Clarion Partners LLC and Lincoln Property Company has acquired Jefferson Creative Campus, a fully leased 152.1k sf office asset located at 5870, 5880 and 5890 W. Jefferson Blvd in Los Angeles, for $169 mil (...
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• Sherman Oaks Apartment Property Sells for $455k/Unit
2/06/20
H & R Investments LP paid $9.1 mil, or $455k/unit, for a 20-unit multifamily property in Sherman Oaks. The property, located at 15323 Weddington St, was sold by The Rubino Trust.
The property was sold by a family entity tha...
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• Vista Investment Group Acquires Two L.A. Area Multifamily Properties
2/06/20
Vista Investment Group has picked up multifamily properties in Koreatown and Hollywood, the first two assets in a $50 mil portfolio acquisition of four Los Angeles area rent-controlled apartment communities totaling 167 units...
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• South Pasadena Office Property Purchased by Owner/User for $880/sf
2/04/20
A 3k sf office building on just over half an acre in South Pasadena sold for $2.65 mil, or $880/sf. The building is located at 245 South Fair Oaks Ave, one block north of the 110 Fwy. It is next to City of Hope in South Pasad...
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• L.A. Area Industrial Portfolio Traded in $15.25 Mil Transaction
2/03/20
A three-building, 91.2k sf leased industrial portfolio in northern Los Angeles County traded for $15.25 mil, or $167/sf. The deal came in a 5.0% cap rate.
The portfolio sale included two single-tenant industrial buildings to...
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• West L.A. Office Portfolio Gets $93 Mil Refi
1/30/20
Playa Vista Creative Portfolio, a two-building, 180.4k sf office portfolio in Playa Vista, on Los Angeles’ westside, was refinanced with a new loan for $93.4 mil. The transaction was arranged by CBRE Capital Markets’ Debt & S...
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• Investors Warming Up to Cold Storage
1/29/20
A BentallGreenOak client paid $61 mil for a 230.2k sf ($265/sf), single-tenant industrial property in the City of Industry. The building, completed in 2015, is located at 300 N. Baldwin Park Blvd, just off the 605 and 10 Free...
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• Long Beach Apartment Building Trades at 2.8% Cap Rate
1/29/20
A Los Angeles-based 1031 exchange buyer paid $4.75 mil for a 20-unit ($237.5k/unit) apartment property in Long Beach. The deal closed at a 2.8% cap rate.
Built in 1974, the hacienda-style property sits on a large, 15.3k sf l...
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• GSA-Occupied Building in the San Fernando Valley Sells for Over $10 Mil
1/29/20
A 22.2k sf industrial property in Northridge sold for $10.5 mil, or $473/sf. The facility, located within the Northridge Business Centre at 19851–19853 Nordhoff St, is 100% occupied by The United States of America (GSA) on a ...
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• Azusa Mixed-Use Development Lands $55 Mil in Financing
1/27/20
Serrano Development Group has obtained $55 mil in construction financing for development of The Orchard, a 177k sf mixed-use residential and retail development located in Azusa. The loan, which will be used to build 163 marke...
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• Owner/User Spends Over $16 Mil on Burbank Flex Buildings
1/27/20
Two R&D/Flex buildings totaling 67.4k sf of space in Burbank traded hands in a transaction valued at $16.45 mil, or $243/sf. At the time of sale, the buildings were vacant, however, the buyer plans on occupying the property w...
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• Private Investor Completes Exchange that Consisted of Four SoCal Transactions Totaling $27 Mil
1/23/20
Champion Real Estate Company has acquired Valleywood Apartments, a 42-unit multifamily community in Northridge, for $14.85 mil ($353.5k/unit). It was sold by a private investor.
Built in 1985, Valleywood Apartments, formerly...
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• Government Agencies Take 164k sf of L.A. Area Office Space
1/22/20
Two major government agencies have inked leases totaling 164k sf of space at Norwalk Government Center, a 450k sf office complex in Norwalk. The project, sitting on 20 acres off the I-5 Fwy in South Los Angeles County, is own...
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• Rockwood Capital Acquires Majority Portion of Historic Building in Santa Monica
1/22/20
A Rockwood Capital affiliate has purchased a majority, condo interest in the Telephone Building, a historic, 90k sf building in Santa Monica. The six-story building is located at 1314 7th St.
Constructed in 1937, the buildi...
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• Rexford Industrial Realty Completes Purchase of 751k sf SoCal Industrial Facility
1/21/20
Rexford Industrial Realty Inc acquired Pomona Distribution Center, a 751.5k sf infill industrial building in Pomona, for $87.8 mil, or $117/sf. The multi-tenant, industrial facility, located at 1601 W. Mission Blvd, was sold ...
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• Law Firm Pays $1,387/sf for Beverly Hills Retail/Flex Office Building
1/20/20
An 8k sf, retail and flex-office building in Beverly Hills was purchased by Dordick Law Corp for $11.1 mil, or $1,387/sf, in an off-market deal. The buyer, a personal injury law practice, will take occupancy of the building....
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