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March 28, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Multifamily Property in L.A.’s Mar Vista Area Trades for $265k/Unit
8/19/20
An OC-based private client investment partnership spent $5.3 mil on a 20-unit ($265k/unit) multifamily property in Los Angeles’ Mar Vista neighborhood. The property is located at 3906-3910 Inglewood Blvd, between Venice Blvd ...
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• US Elogistic Services Corp Leases 232k sf in Vernon
8/19/20
China-based e-commerce company US Elogistic Services Corp has signed a 232.2k sf lease at Prologis Vernon Business Center in the city of Vernon. This is the largest industrial lease signed in the Central Los Angeles submarket...
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• Bellflower Apartment Building Goes for $288k/Unit
8/18/20
In a recent L.A.-area multifamily comp, an eight-unit apartment property in Bellflower traded for $2.3 mil, or $287.5k/unit. The property is located at 9604 Mayne St, north of the 91 Fwy and west of I-605. Built in 1985, th...
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• Newmark Knight Frank Boosts Its SoCal Multifamily Investment Sales Team
8/17/20
Newmark Knight Frank has expanded its Southern California multifamily investment sales platform, allowing clients to leverage multidisciplinary experts across commercial, industrial, retail, and now multifamily practices in b...
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• James Malone, Michael Freiberg and Xavier Nolasco Join JLL
8/14/20
James Malone and Michael Freiberg have joined JLL as Executive Vice Presidents in Los Angeles, while Xavier Nolasco has also joined the firm as Vice President in Orange County. Malone will be based in Downtown Los Angeles, ...
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• Pasadena Res Portfolio Refinanced with $32.8 Mil in Fannie Mae Money at Record Low Rates
8/14/20
A family-owned portfolio of four Pasadena apartment buildings has been refinanced with new Fannie Mae loans totaling $32.8 mil. The 1970’s vintage properties total 176 units and are clustered together on East and West Califor...
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• Rexford Industrial Realty Picks Up 4.8-Acre Property in Santa Fe Springs
8/13/20
Rexford Industrial Realty recently boosted its SoCal industrial portfolio with a Santa Fe Springs acquisition for $5.48 mil. The company purchased a 4.8-acre property at 12133 Greenstone Ave currently being operated as a tru...
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• Entertainment Biz Equipment Supplier Spends $6.5 Mil on NoHo Building
8/12/20
A 28.4k sf industrial building in the eastern San Fernando Valley community of North Hollywood was purchased for $6.5 mil ($229/sf) by Ametron, an audio and video equipment supplier. The property is located at 10919-10939 Van...
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• Arod Corporation Subleases West Hollywood Office Space from Ford Models
8/12/20
Alex Rodriguez’ Arod Corporation agreed to sublease 6.6k sf of office space from Ford Models in West Hollywood. The deal is at Luckman Plaza, located at 9200 Sunset Blvd, just west of Doheny Dr and right below the famed SoHo ...
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• Vectra Management Group Secures $26.8 Mil in Refi Money on Two L.A. Area Office Buildings
8/12/20
Vectra Management Group has obtained $26.8 mil in refi money on two L.A. County office properties. The refinancing was arranged by Bruce Francis, Doug Birrell, Shaun Moothart, Bob Ybarra, Dana Summers, and Jim Korinek with CB...
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• Unique Res Site in Pacific Palisades Entitled for Eight Custom Homes Sells for $8.25 Mil
8/11/20
In a unique, residential property sale on the westside of Los Angeles, a 1.5-acre, estate homesite in Pacific Palisades that had been fully entitled for the development of up to eight custom, high-end homes sold for $8.25 mil...
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• Bolour Associates Buys 12k sf Building Just Outside Downtown L.A.
8/11/20
Bolour Associates Inc has acquired an 11.7k sf building northwest of downtown Los Angeles in a recent $5.65 mil sale/leaseback deal. The building sits on a 44.9k sf lot at 3333 W. Temple St, off the 101 Fwy near Silver Lake B...
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• Steve DeGennaro Appointed Chief Financial Officer at Marcus & Millichap
8/10/20
Steve DeGennaro has been appointed as Chief Financial Officer at real estate investment services firm Marcus & Millichap, effective August 17, 2020. DeGennaro will succeed Marty Louie, Chief Financial Officer since 2010. Lou...
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• Boston Properties Buys 50% of Development Joint Venture with Continental Development Corp
8/07/20
Boston Properties Inc has acquired a 50% interest in an existing joint venture that owns Beach Cities Media Campus, a 6.4-acre site on the Rosecrans Corridor in the El Segundo submarket of Los Angeles. The site is fully entit...
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• Lawndale Res Comp Works Out to Over $400k/Unit
8/07/20
An eight-unit apartment property in Lawndale traded for $3.325 mil, or $415.6k/unit. The property is located at 14523 Freeman Ave, east of Hawthorne Blvd and south of Rosecrans Ave, at the end of a cul-de-sac. Constructed in...
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• Carmichael International Service Takes 29k sf of Office Space in Monterey Park
8/06/20
Carmichael International Service inked a long-term, $10.4 mil lease for 28.8k sf of office space in Monterey Park. The deal is at 1200 Corporate Center Dr, a three-story, 84.6k sf Class A building on a 4.73-acre site. Carmich...
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• Dedeaux Properties and Stockbridge Capital Group Close on $28 Mil Santa Clarita Acquisition
8/06/20
Dedeaux Properties and Stockbridge Capital Group have teamed up to purchase a vacant 214.4k sf warehouse and distribution center in Santa Clarita for $28.4 mil ($132/sf). The property is located on 11 acres of land at 24903 A...
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• BLT Enterprises Spends $64 Mil on Hollywood Campus Property
8/05/20
BLT Enterprises has acquired Television Center, a nearly 200k sf, creative office and production campus situated on 6.4 acres in the heart of Hollywood, in a $64 mil transaction. The movie studio asset was previously home to ...
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• Dunleer Sells Renovated Hollywood Apartment Building for Over $400k/Unit
8/05/20
The Oxford Hollywood, a fully occupied five-unit apartment property in Los Angeles, sold for $2.05 mil. The renovated property sold for $410k per unit and $576 per square foot. Originally built in 1924, The Oxford Hollywood ...
more » 

• William Warren Group Development Buys 1.2-Acre Site Adjacent to the 405 Fwy in the San Fernando Valley
8/04/20
A 1.2-acre site located adjacent to the 405 Fwy in the San Fernando Valley has changed hands for $6.5 mil. The buyer, William Warren Group Development, is the operating owner/manager of the Storquest self-storage brand. The ...
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