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• Rexford Industrial Realty Closes on $68 Mil of SoCal Acquisitions
6/09/21
Rexford Industrial Realty purchased five industrial properties comprising 79.3k sf of improvements on 18.8 acres of land for combined price of $68.1 mil. The company also sold one industrial property for $8.2 mil. The acquisi...
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• Film Industry Thrived Through Pandemic Thanks to Streaming Video on Demand
6/09/21
This report was provided by CBRE Pacific Southwest Thought Leadership
Like most industries around the world, film and television was rocked by the spread of the Coronavirus pandemic. As a result of social distancing guidelin...
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• Gelson’s to Anchor New West L.A. Mixed-Use Development
6/07/21
Gelson’s, one of California’s more upscale supermarket chains, has signed a long-term lease to become the retail anchor tenant at West Edge, Hines’ transformative, transit-oriented, mixed-use development at the northwestern c...
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• Unilev Capital Buys Santa Monica Oceanfront Retail Asset
6/04/21
Unilev Capital acquired Waverly and Seychelle, a 19.7k sf, oceanfront retail condo interest that is part of a larger, 158-unit condominium development project in Santa Monica. The property was sold by institutional investors ...
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• Hauser & Wirth Leases West Hollywood Building
6/04/21
Hauser & Wirth, a world-renowned art gallerist headquartered in Zurich, Switzerland, inked a 10-year lease for a 10.8k sf building in West Hollywood. The lease value was not disclosed.
Hauser & Wirth will occupy the entire b...
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• Whittier Retail Property Goes for Almost $12 Mil
6/03/21
A 33k sf, dual-tenant retail property in Whittier traded for $11.95 mil, which works out to $361 per square foot and a cap rate of 5.42%. Located across from an Amazon Fresh grocery store and surrounded by retailers such as T...
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• Pasadena Retail Property Sells for $490/sf
5/31/21
A 10.2k sf retail property in Pasadena sold for $5 mil, or $490/sf. The property is located at 400 S. Fair Oaks on the northeast corner of S. Fair Oaks Ave and E. Bellevue Drive. The site features over 450 feet of combined st...
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• Creative Office Project in L.A.’s West Adams Area Lands $55 Mil in Financing
5/31/21
The Luzzatto Company has obtained senior and mezzanine construction financing totaling $54.73 mil for the development of The Depot, a 107.2k sf, 1.5 acre creative office campus in the West Adams micro market of Los Angeles. T...
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• Creative Office Building in Burbank Media District Acquired for Nearly $500/sf
5/27/21
The Link, a recently renovated, 124.8k sf seven-story office building in Burbank, sold for $61.5 mil ($493/sf). The Class A building, located at 2901 West Alameda Ave, offers creative office space and post-production, broadca...
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• Central L.A. Retail Center Lands $64 Mil Refi
5/26/21
Midtown Shopping Center, a 216.8k sf shopping center anchored by Ralphs in Los Angeles, has been refinanced with a new loan for $63.78 mil. The center is located at the junction of Venice Blvd, West Pico Blvd and San Vicente...
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• San Gabriel Valley Multifamily Community Purchased for $100 Mil
5/25/21
MODA at Monrovia Station, a 261-unit apartment asset in the San Gabriel Valley city of Monrovia, was purchased for $100 mil ($383k per unit) by Opportunity Housing Group, as property administrator with the California Statewid...
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• Local Investors Trade 24-Unit Multifamily Property in L.A.’s Koreatown
5/25/21
A 24-unit multifamily property in Los Angeles’ Koreatown fetched $5.35 mil, or $223k/unit.
The property, located at 833 Fedora Street, is a unique 1920s masonry building, featuring all one-bedroom units. The building, which...
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• SteelWave Spends $80 Mil on Creative Office Campus in L.A.’s Arts District
5/21/21
San Francisco-based SteelWave acquired The Switchyard, a 150.5k sf, Class A, creative office campus located in Los Angeles’ Arts District in a recent $80 mil ($532/sf) transaction. It was sold by CEG Construction.
The moder...
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• Robert F. Maguire III Passes Away
5/20/21
Robert F. Maguire III, the prolific commercial real estate developer whose work left a dramatic imprint on the downtown Los Angeles skyline, has passed away at the age of 86 due to complications caused by pneumonia, according...
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• Older Hollywood Apartment Building Sells for $268k per Unit
5/20/21
A 48-unit multifamily community less than 500 feet away from the iconic Hollywood & Highland in Hollywood traded hands for $12.9 mil, in a deal that works out to $268.8k per unit. It was sold by a family, private investment e...
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• County of Los Angeles Signs Lease for 52k sf Near LAX
5/19/21
The County of Los Angeles closed on an office lease within the city’s LAX/Century Blvd office submarket. The agency agreed to a five-year deal for 52.1k sf of space at 5200 W Century Blvd, just west of the 405 Fwy and La Cien...
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• Champion Real Estate Company Buys Former Fraternity House at USC for $8 Mil
5/19/21
Champion Real Estate Company has acquired a former fraternity house located at 668 West 28th St in Los Angeles from Wall Street Properties LLC for $8 mil. The property, located on Fraternity Row of the campus of University o...
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• Local Investor Buys Multifamily Dev Site Near USC
5/18/21
Farco Properties LLC, a privately held Los Angeles-based investment company, paid $5 mil for a 0.29-acre multifamily development site near the University of Southern California in Los Angeles. Located at 647 W. 28th St, the s...
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• Tripalink Awarded Management Assignments for Four L.A. Area Multifamily Properties
5/17/21
Los Angeles-based Tripalink, a real estate development and property management company founded in 2016, has been awarded four new multifamily property management assignments totaling 471 units in the L.A. area. These include ...
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• Sherman Oaks Apartment Property Trades at Record Price per Unit
5/14/21
A local private investor paid $10.8 mil for Via Sherman Oaks, an 18-unit apartment property located at 4623 Willis Ave, north of Ventura Blvd and east of Kester Ave in Sherman Oaks. At $600k per unit, we’re told the sale mark...
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