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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 ...
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• 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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• Hermosa Beach Restaurant Property Trades for Over $800/sf
8/04/20
A 6k sf, restaurant retail property in Hermosa Beach traded hands in a recent $4.85 mil ($808/sf) transaction. Located at 2701 Pacific Coast Highway, the property was most recently occupied by Round Table Pizza, which vacated...
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• Work Started on New $48 Mil Facility at Long Beach City College
8/03/20
Construction has been commenced on a 96k sf, multi-disciplinary facility for Long Beach City College. The $48.2 mil, three-story facility is being built by C.W. Driver Companies and was designed by HPI Architecture.
The pro...
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• Orange Courier Subleases 255k sf Warehouse Facility in La Mirada
7/31/20
Orange Courier, a messenger, delivery, warehousing and distribution services company, signed a six-year, $14.8 mil sublease of a 254.7k sf ($0.81/sf/mo) building in the Los Angeles County city of La Mirada. The sublessor is ...
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• Long Beach Office Building Sells for $16 Mil
7/31/20
A 78.4k sf, multi-tenant office building in Long Beach has traded hands in a recent $16 mil ($204/sf) transaction. The buyer was a private, 1031-exchange investor.
The asset, which has recently undergone extensive renovatio...
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• Hong Kong Development Trade Council Relocates to Class A Tower in DTLA
7/30/20
Hong Kong Development Trade Council (HKTDC) inked a 10-year lease for 4.5k sf of office space in downtown Los Angeles. The space, which will serve as the company’s Los Angeles regional office, is located at 515 S. Figueroa St...
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