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April 25, 2015
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Law Firm Inks Expansion/Renewal Deal for Encino HQ Space
Pearlman, Borska & Wax takes 19k sf at Encino Plaza

Walker & Dunlop Arranges $7.9 Mil Construction Loan for Sherman Oaks Apartment Property
Money will be used to build a new townhome community on the site

Eagle Group Finance

Exchange Buyer Picks San Dimas Industrial Facility
33k sf building fully leased to a Chines-based food manufacturer

Crunch Fitness Takes Anchor Space at San Dimas Retail Center
Location is part of growing chain’s plan of clustering its gyms to offer customers tiered membership privileges

Lone Oak Fund

Investor Buys 20-Unit Apartment Asset in East Village District of Long Beach
Buyer plans a full renovation of 1973 property

Upcoming AIR Forms Review Event Discusses New State Law on Agent Disclosure of Dual Agency
Industry association holding conference on May 15 in Anaheim

Pacific Southwest Realty Services

Sator Sports Buys 20k sf HQ Facility in Gardena
Soccer equipment company spends $2.4 mil for industrial property

Trion Properties Sells One Multifamily Property in Fresno, while Buying Others in San Diego and Portland
LA-based firm is building on its track record of repositioning value-add opportunities on the west coast

Torrance Retail Property Traded in $11 Mil Deal
Local investor spends $353/sf on 31k sf Village Center

Apartment Building in LA’s Miracle Mile Area Goes for $180k/Unit
32-unit property had been owned by the same family for over 40 years

Santa Monica Office Building Trades for $1,000/sf
Investor purchases 24k sf property in city’s Silicon Beach area

Glendora Res Property Acquired for $14.5 Mil
Purchase financed with $8 mil loan

Walker & Dunlop Arranges $11.4 Mil Refi on La Puente Retail Property
Loan secured by 171k sf Sunkist Shopping Center

The Runyon Group Buys 29k sf Industrial Asset in Culver City’s Hayden Tract Area
Quantum Capital Partners originates $13.3 mil for purchase and conversion of the two-building property

Coastal Malibu Apartment Property Sells for $1.5 Mil per Unit
Mani Brothers Real Estate Group buys 10-unit asset along PCH in Carbon Beach

SoCal Supermarket Chain Leases 248k sf of State-of-the-Art Industrial Space in Santa Fe Springs
Gelson’s taking half of new project from Golden Springs Development Co entity

Marcus & Millichap Capital Corp Arranges $8.5 Mil on SoCal Retail Asset
Funds used to refi a three-tenant, 19k sf property in Eagle Rock

LA Area Apartment Complex Sells for $61 Mil
The Enclave in Paramount fetches $200k/unit

Draftsmen & Craftsmen
Bernards completes $46 mil modernization and expansion project at Manhattan Beach’s Mira Costa High School

LA’s Park La Brea Refinanced with $878 Mil Freddie Mac Loan
HFF arranges financing on historic residential community in city’s Miracle Mile area

Pacific Southwest Realty Services Arranges $8.9 Mil Loan on San Fernando Valley Self-Storage Property
Loan secured by 724-unit facility in Chatsworth

Tishman Speyer Buys 113k sf Trophy Office Building in Santa Monica
NY firm reportedly pays near $800/sf to Vornado for 520 Broadway

KTLA Renews 94k sf HQ Space in Hollywood
Extension is at Hudson Pacific Properties’ Sunset Bronson Studios

Local Developer Buys Potential Mixed-Use Development Site in the San Fernando Valley
3.29 acres in Northridge trades for over $6 mil

Santa Fe Springs Jack in the Box Property Sells for $1,270/sf
OC investors trade ground-leased, single-tenant asset

Private Investors Spend $27 Mil in Two SoCal Shopping Center Buys
Deals were for Vineyard Plaza in Oxnard and Palmdale Promenade in Palmdale

Private Investor Pays $160/sf for Glendale Industrial Asset
Buildings in this size range are in very high demand in the region

Capital Group Renews 323k sf Office Space in Downtown Los Angeles
Investment management firm will remain at Bank of America Plaza on Bunker Hill

Canyon Catalyst Fund and Pacshore Partners Spend $36 Mil on SoCal Coastal Office Properties
Transactions are for buildings in Playa Vista and Malibu

Pacific Reach Properties Buys Tallest Apartment Building in Beverly Hills
Deal is for 37-unit Blu Beverly Hills

Bay Cities Container Corp Renews 94k sf L.A. Industrial Space
Firm inks 10-year renewal for its Pico Rivera location

Recent Leases Total Over 65k sf at Pacific Design Center’s RedBuilding
Whalerock Industries Inc, Gaumont International Television, AllSaints USA and Criteria Corp ink deals at West Hollywood office campus

West Hollywood Apartment Property Goes for Over $400k/Unit
19-unit building originally constructed in 1964

Glendora Residential/Retail Project Sells for $14.5 Mil
Out of state investor buys Glendora Park Place Apartments

Hollywood Multifamily Property Trades for $289k/Unit
Local investor acquires 36-unit Orange Towers Apartments

Rexford Industrial Completes 154k sf Acquisition in the Valley
Chatsworth industrial property was the former HQ for Topco Sales

Two-Property LA-Area Multifamily Portfolio Sold in Separate Deals Totaling $13 Mil
Different buyers acquire assets in Koreatown and Canoga Park

Investor Picks Up Recently Constructed 7k sf Baldwin Park Single-Tenant Asset
Property is occupied by O’Reilly Auto Parts on a NNN-basis

Strong Development Activity at Long Beach Mixed-Use District
Burnham USA Equities buys 26 acres at Douglas Park for retail and hotel project

Mani Brothers Real Estate Group Purchases Playa Vista Office Property
90k sf asset fetches $48.5 mil

Joseph Didone Named Vice President at Bernards
27-year industry veteran has been involved with many major SoCal projects

Valencia Medical Office Building Sells
Private investor pays over $16 mil for 44k sf property

Rexford Industrial Spends $22 Mil on Two SoCal Industrial Assets
Latest deals bring firm’s total purchases so far in 2015 to $52 mil

New $144 Mil Mixed-Use Project Gets Underway in Downtown LA
Residential/retail complex in city’s South Park area a development of Mack Real Estate Group, Mack Urban, AECOM Capital and Capri Capital Partners

Phase I of The Water Garden Refinanced with $260 Mil
Santa Monica office asset owned by investors advised by J.P. Morgan Asset Management, with New York Life Real Estate Investors

NAIOP SoCal Young Professionals Group Announces This Year’s Grand Prize Winners
Competition was to present the best strategic plan for an existing site in the City of Commerce

Wasserman Grossman & Sloan Renews Its High-End Westwood Office Space
Firm will continue to occupy a full floor at Douglas Emmett’s One Westwood building

Apartment Property in LA’s Koreatown Sells for $92k/Unit
75-year-old property has 33 units

Bixby Land Says Hello Kitty
Sanrio division leases 29k sf of space at El Segundo office campus

Wpromote and Cherryman Industries Lease 52k sf at Renovated El Segundo Property
Deals bring 200k sf Campus 2100 to 50 percent occupied

Prologis Picks Up 168k sf Sun Valley Facility
Property is fully leased to Sugar Foods Corporation

Hollywood Office Building Fetches $472/sf
GPI Companies and KBS REIT sell 35k sf Cahuenga Media Tower

The Malibu Beach Inn Sells for $1.7 Mil per Room
Simon and Daniel Mani acquire 47-room asset from David Geffen for about $80 mil

South LA Industrial Comp Trades for $84/sf
Investor spends just over $2 mil on 25 sf facility

Pendo Investments Spends $46.5 Mil on Three SoCal Apartment Assets
Properties contain 222 units and are located in Garden Grove, Downey and Bellflower

Apartment Complex in Long Beach’s Bixby Knolls Area Sells for $148k/Unit
Sherman Oaks investor buys 20-unit San Antonio Apartments

R. Todd Doney Named CBRE 2014 Top Producer in Downtown Los Angeles
His accomplishments over the year include 106 deals worth $624 mil

Strong Outlook for North American Industrial Market
Latest research from Cushman & Wakefield predicts L.A. asking rents to increase while vacancies remain low

Apartment Property in LA’s Miracle Mile Area Sells for $332k/Unit
Private investor pays $23.5 mil for 71-unit asset

Eagle Group Closes Quick-Turnaround Refi on Century City Office Property
Loan is on a 25k sf, Frank Gehry-designed building

Local Investor Buys Mixed-Use Building in Venice
25k sf property will be renovated to better appeal to creative tenants

Investor Spends $14 Mil on La Mirada 24 Hour Fitness Property
41k sf building is part of a larger retail center

LA-Area Kohl’s Sells at Record-Setting 4.8% Cap Rate
NoCal private investor pays $22 mil for 88k sf property

Worthe Real Estate Group Sells Two Burbank Office Assets for $48 Mil
Buildings had been acquired a few years earlier as value-add opportunities

Downtown LA Res Tower Trades for $200 Mil
Essex Property Trust buys 290-unit 8th and Hope from Wood Partners

City Ventures Picks Up Glendora Land for Res Development
Transaction is first to close for land assemblage deal consisting of five adjacent parcels

Thorofare Capital Funds $5.36 Mil in Acquisition Money for Chicago Purchase
Loan secured by a 28k sf creative office building in city’s Fulton Market district

Freight Forwarding Firm Buys LA-Area Industrial Property for $2.8 Mil
Suntrans International’s 22k sf facility located in the Gardena area

Agoura Hills Apartment Community Trades for $53 Mil
Ezralow Company purchases 178-unit former Archstone property

Meta Housing Corp Breaks Ground on Glendale Arts Colony
Affordable housing project will contain 70 res units

Benedict Canyon Equities Spends $26 Mil on Pico Rivera Residential Complex
Corisca Apartment Homes trades for $183k/unit

American Realty Advisors Closes 175k sf LA-Area Industrial Buy
Firm picks up Shoemaker Distribution Center in Santa Fe Springs

100-Year-Old Building in Downtown LA Jewelry District Refinanced
Quantum Capital arranges $23 mil loan on 153k sf property

Rexford Industrial Spends $29 Mil on Three SoCal Light Industrial Properties
Facilities in Fontana and Santa Fe Springs total 343k sf of space

Mani Dilmaghanian Named the 2014-15 Recipient of the NAIOP SoCal-CRE Fellowship
Annual award presented by NAIOP SoCal and the Center for Real Estate at UC Irvine’s Paul Merage School of Business

Long Beach Apartment Asset Fetches $165k/Unit
Private investor pays $6.63 mil for 40-unit property in city’s Bixby Knolls area

Newmark Realty Capital Arranges $125 Mil Refi on Century City Office Tower
Transaction represents third time Newmark has financed the 597k sf property for the same borrower

Private Investor Buys Altadena Retail Center
43k sf asset fully occupied

Landmark One Santa Fe Development in Downtown LA is 55% Leased
Activity at Arts District project includes LA MTA office lease and the signing of tenants for the community’s retail space

Newmark Realty Capital Arranges $12 Mil in Refi Money for Two LA-Area Retail Properties
Loans secured by assets in Brentwood and Westwood

Medical Group Pays Over $600/sf for L.A. Office Property
38k sf building located near West Hollywood

UrbanBlox Buys Building in Downtown LA Jewelry District
51k sf property to be redeveloped into creative space

Popular Hangout Near USC Sells
Local investor buys 901 Bar & Grill and adjacent properties in Los Angeles

Laurus Corp Buys Pasadena Office Property
Firm plans to renovate 163k sf building at 199 S. Los Robles Ave

Tishman Speyer Finds Harmony with Latest Westwood Tenant Signing
Dating site takes 50k sf at former Murdock Plaza

Developer Acquires Pasadena Site for New Retail Project
Meyer Pacific pays $2.8 mil for half-acre at south end of Arroyo Pkwy

The Urban Land Institute is Presenting a Two-Day Course on Strategic Planning and Implementation for the Real Estate Entrepreneur
The event will be held in Marina del Rey on February 23-24, 2015

Logistics Firm Leases 105k sf Long Beach Facility
64-month deal worth just under $4 mil

Westbrook Partners Buys High-End Santa Monica Office Building from Broadreach Capital Partners
100k sf Ocean Park Plaza trades for $465/sf

Office Sales Comp from Calabasas Goes for $234/sf
19k sf building in west San Fernando Valley fetches $4.45 mil

Private Investor Spends $13.4 Mil on Trio of East San Fernando Valley Apartment Properties
Burbank, North Hollywood and Sun Valley assets have a combined 85 units

Mill Creek Residential Trust Secures Joint Venture Equity for West Los Angeles Res Development
The Village at Howard Hughes to add 375 units at Westchester mixed-use campus

Good Economic News Bodes Well for Commercial Real Estate Industry
Demand for creative property uses is outpacing traditional space needs

7-Eleven Leases 146k sf of Distribution Space in Santa Fe Springs
Retailer will relocate regional warehouse operation from Orange County

Hawthorne McDonald’s Sells for $3.6 Mil
Fast food chain occupies property under a long-term, corporate-guaranteed lease

Cerritos Industrial Complex Trades for $44 Mil
Alere is the new owner of 395k sf Cerritos West Industrial Park

Santa Monica Investor Picks Up Eighth Multifamily Property in Long Beach
Joda Investments pays $6.25 mil for 44-unit Ocean Plaza Apartments

Sharp Capital Acquires 90k sf Building in Downtown Los Angeles
Purchase is financed with $13.4 mil loan arranged by HFF and funded by Israel Discount Bank

Kevin Kawaoka Named 2015 President for Los Angeles Chapter of CCIM
Group announces all Board of Directors for the coming year

Apartment Property along Pasadena’s Millionaire’s Row Sells for $475k/Unit
20-unit asset goes for well over $9.5 mil asking price

JLL Names Firm’s Top LA Brokers for 2014
Carl Muhlstein leads list that includes many leading pros in the region

El Segundo Office Asset Acquired by Rockwood Capital and Marshall Property & Development
Buyers to spend $20 mil redeveloping three-building campus

Rexford Industrial AcquiresTwo SoCal Properties Totaling Over 200k sf
Firm continues to grow portfolio with these latest buys, for over $30 mil

CBRE Arranges $30 Mil on Medical Office Properties in SoCal and Texas
Three loans secured by properties in San Diego, Los Angeles, and Framers Branch and Pampa, TX

Carson Facility Sells for $5.8 Mil in Owner/User Buy
Ampam Parks Mechanical to rehab 50k sf building before occupying

Embarcadero Capital Partners and Westbrook Purchase El Segundo Office Property
309k sf building had been occupied by Xerox

City of Industry Sales Comp Trades at $132/sf
Mygrant Glass buys 27k sf facility

Prologis Completes Projects to Feed 4.2 Megawatts of Solar Power to the Los Angeles DWP
Energy produced by rooftop installations expected to power 1,100 homes a year

Five-Property LA-Area Multifamily Portfolio Sells
Raintree Partners acquires desirable assets in Santa Monica and Westwood

Playa del Rey Office Project Opens 50% Leased
The Strand Offices is first new development in the area in more than 20 years

Agoura Hills Retail Property Trades for $290/sf
Local 1031 exchange investor buys 20k sf center

Construction Started on 151-Unit Downtown LA Res Tower
PCCP provides $78 mil senior loan for new project

Santa Monica Apartment Property Closes at 3.7% Cap Rate
16-unit asset goes for $375k/unit

San Pedro Office/Retail Tower Lands Five Tenants for Over 25k sf
Regus and Hertz Rent-a-Car are two of the recent signings at Topaz

Adler Acquires Vacant Sylmar Industrial Property and Converts into a Bakery to Meet a Client’s Needs
Abby’s Millstone Baking Company to occupy 28k sf facility after improvements are completed

L.A. County Office Vacancy Drops to 16%
Region saw 13.6 msf of leasing for the year, per Cushman & Wakefield report

Joint Venture Buys Los Angeles Marriott Burbank Airport Hotel
Asset contains 488 guest rooms

Hollywood Roosevelt Hotel Owner Teams Up in Venture to Redevelop Park Paza Hotel in Downtown LA
Property was originally constructed in 1925 to house Elks Lodge #99

Investors Trade 64-Unit Apartment Commuity in Pasadena
Orange Grove Circle originally built in 1956

Local Investor Buys 92k sf Office Building in LA’s City West Submarket
Eight-story tower located at 1200 Wilshire Blvd, at the edge of Downtown

Douglas Emmett Buys Encino Office Tower from Hudson Pacific Properties
222k sf First Financial building sells for $89 mil

Far West Management to Renovate 196-Unit Marina del Rey Res Community
George Smith Partners arranges $36 mil bridge-to-perm financing for work on Villa Del Mar Apartment Homes

Vista Investments Begins Work on New Hampton Inn & Suites in Glendale
R.D. Olson Construction is general contractor for 94-room hotel

American Realty Capital Global Trust Spends $96 Mil on North LA Lab/Office Facility Occupied by Quest Diagnostics
226k sf Santa Clarita property sold by Clarion Partners

Business Finance Capital is Second Ranked SBA 504 Loan Provider in LA County, Orange County and Inland Empire Regions
Recognition based on total dollar amount of loans closed per SBA data

American Realty Advisors Ends the Year with 174k sf LA-Area Industrial Buy
Firm buys fully leased building in Santa Fe Springs

Deluxe Media Leases 40k sf Hollywood Building
Entertainment industry company to take over custom-built property with numerous industry specific improvements

Downey Industrial Asset Trades for $139/sf
27k sf building purchased for automobile storage

XLD Group Buys Los Angeles Airport Marriott Hotel
1,004-room asset sold for $150 mil by DiamondRock Hospitality Company

Peregrine Realty Partners Spends $20 Mil on West Valley Office Property
Firm picks up 92k sf Warner Center building

Rexford Industrial Realty Wraps Up $12 Mil LA-Area Buy
Firm picks up three-building, 64k sf complex

DivcoWest Teams Up with Maguire Investments to Own Water’s Edge in Playa Vista
Venture plans to develop third building, WE3, at the campus

Costco Acquires 23-Acre Torrance Site for New 164k sf Store
Property is adjacent to retailer’s existing store in the area

Trion Properties Acquires 20k sf Retail Asset in Redondo Beach
Seaside Village sells for $5.78 mil

Draftsmen & Craftsmen
Construction Finished on $480 Mil Patient Tower at Torrance Memorial

Thorofare Capital Provides $5 Mil Bridge Loan for Redondo Beach Distressed Retail Buy
Borrower to reposition 20k sf Seaside Village Shopping Center

Pair of New Industrial Facilities in La Verne Being Marketed for Sale or Lease
CEG Construction building the two structures, totaling 83k sf

Hong Kong Investment Firm Spends Over $20 Mil on San Gabriel Valley Retail Center
South Hills Plaza in West Covina goes for $172/sf

Upscale Res Development in Bel Air Opens to the Public
23-unit project built by Empire Property Group

Intertex and Oaktree Capital Management Buy North LA County Biomedical R&D Portfolio
Transaction consists of over 600k sf of space in Valencia and Sylmar

DCT Industrial Trust Makes $12 Mil LA-Area Buy
CT Realty sells 102k sf facility in Rancho Dominguez

Logistics Firm Takes 187k sf of Cerritos Industrial Space
OTX Logistics signs at Cerritos Distribution Center

Upscale Pasadena Commercial Property Purchased
Arenda Capital Management and AEW Capital Management sell The Commons on Lake Ave

Longtime LA Real Estate PR Pro Dick Lewis Passes Away
His firm Lewis & Associates had been working with the industry for over 50 years

Continental Funding Arranges $41 Mil Construction Loan for Downtown LA Res Development
218-unit Valencia project located in the Central City West community

HFF Arranges $23 Mil in Financing on San Fernando Valley Retail Center
Loan secured by 79k sf Mason Devonshire Plaza in Chatsworth

Historic Mixed-Use Property in LA’s Echo Park Acquired by Vista Investment Group
50k sf Jensen’s Recreation Center is a Los Angeles Historic Cultural Monument

Primestor Development and Sarofim Realty Advisors Buy San Fernando Valley Retail Property
Partnership picks up 148k sf Sylmar Town Center

Universe Holdings Lands $17 Mil in Refi Money for LA Multifamily Assets
New fixed-rate loans secured by six properties

UCLA Wins 2014 NAIOP SoCal Real Estate Challenge
Bruins beat Trojans in annual battle for the Silver Shovel

California Home Builders Buys Woodland Hills Dev Site
Firm to develop 232-unit project on over three acres in Warner Center

Industrial Deal Comps from the San Gabriel Valley
Three sales and one lease from Irwindale and Azusa total to $4.8 mil

Downtown LA’s Tallest Building Receives LEED Gold Certification
U.S. Bank Tower recognized under Existing Buildings (EB) rating system

Historic Hollywood Radio Tower to Be Restored and Returned to Its Original Location
Work is part of Hudson Pacific Properties’ planned redevelopment of Sunset Bronson Studios property

Echo Park Res Community Completed
Planet Home Living finishes 10 homes off Sunset Blvd under LA’s Small Lot Ordinance

IAC Breaks Ground on 1.3 msf Valencia Industrial Development
Project to be built in three phases on 70 acres of land

Pacific Southwest Realty Services Arranges Refi Loan on Upscale LA Retail/Office Property
Melrose Ave building was recently acquired by a private investor

West Hollywood Retail Building Sells
Buyer intends to renovate the 8.5k sf property

San Gabriel Valley Retail Asset Sells for Over $500/sf
24k sf Baldwin Park property goes for $12.7 mil in a deal that had a 5.9% cap rate

Apartment Asset in LA’s Echo Park Area Goes for $246/Unit
Non-rent controlled asset acquired by a 1031 exchange investor

Viacom Agrees to Lease 180k sf at Kilroy’s Columbia Square in Hollywood
Transaction said to be largest Hollywood lease in more than a decade

R.D. Olson Development Picks Up Desirable Hollywood Dev Site
Firm looking to develop a hotel project on the 24k sf Sunset Blvd land

West Covina Multifamily Asset Trades in $52 Mil Deal
StarPoint Properties pays $200k/unit for Lafayette Parc Apartments

Universe Holdings Completes Inglewood Multifamily Buy
Firm purchases 50-unit The Sycamores

Burbank Apartment Comp Trades at $282k/Unit
30-unit asset located close to city’s popular Media District

Oaktree Capital Management Inks Renewal/Expansion Lease for 182k sf in Downtown LA
Transaction is a full floor increase for the firm at Wells Fargo Center

Los Angeles Industrial Building Sells for $127/sf
Investor pays over $3 mil for property occupied by Loomis armored transport company

Private Investors Trade Long Beach Walgreens
15k sf single-tenant property sells for $424/sf

Century City Gets Daycare Center for Children Three Months to Five Years
Vinci Academy leases 10k sf of office space along with 4k sf playground space at 1940 C.P.E.

Adaptive Reuse of Former Coca Cola Bottling Plant to Get Started in Downtown Los Angeles
GPI Companies and Atlas Capital to redevelop old industrial facility into creative office and retail complex

Draftsmen & Craftsmen
Bernards and HMC Architects team up for new $110 mil patient tower at Henry Mayo Newhall Hospital

Investor Pays $176k/Unit for Sylmar Multifamily Property
Vista Ridge Apartment Homes sells for $14.25 mil

Beverly Hills Office Building Sells for Over $1,750/sf
New York-based Jenel Management Corp buys 26k sf property in city’s Golden Triangle

Gorgeous Aerial of Wilshire Grand Development and Downtown L.A.
Photo taken one week ago by Fred Emmert of Air Views

Pacific Palisades Building Sells Close to $400/sf
Atrium Building located in center of community’s commercial district

Continental Development Corp Finds True Religion
Clothing manufacturer leases 72k sf building in Manhattan Beach

Trailer Park Growing in Hollywood
Marketing agency inks expansion lease

New Wallis Annenberg Hall Completed at USC
$40 mil project is the new home of USC’s acclaimed Annenberg School for Communication and Journalism

Investor Spends $15 Mil on 103 Res Units in Northeast Los Angeles
Two-property portfolio goes for $146k/unit

Westwood Creative Office Building Attracts ThinkFactory
Media firm inks 33k sf deal for HQ and production needs

Industrial Property in Tight North Hollywood Submarket Trades Hands
Three-building, 83k sf asset occupied by Bobrick Washroom Equipment

L.A. County 7-Eleven Centers in Demand by Investors
CBRE team sells four such properties with an average cap rate of 4.3% in the last quarter

IAC Breaks Ground on Valencia Industrial Development
1.3 msf project to be built in three phases

CBRE Awarded Leasing Assignment for Trophy Downtown LA High-Rise
1.4 msf Two California Plaza tower owned by CIM Group

Fanfare for the Commons Man-agement
Pasadena office/retail building wins TOBY Award from BOMA of Greater Los Angeles

Johnson Capital Arranges $7.8 Mil on Pasadena Retail Asset
Property tenants include Petco, BevMo and Staples

HFF Arranges $10 Mil in Financing for Purchase of Brentwood Retail Building
12k sf asset sold near asking price of $25 mil

American Realty Advisors Buys Upscale Apartment Community in Marina del Rey
Firm acquires The Millenium Del Rey, a one-year-old, 196-unit property

Tryperion Partners Closes Second Fund in Two Years
Fund raised $50 mil, which may be increased to $75 mil in subsequent closings

Sylmar Multifamily Asset Sells for $10 Mil
30-year-old property sold by the original builder

Brentwood Retail Property Sells for Over $2,000/sf
12k sf building formerly occupied by Mezzaluna restaurant, where Nicole Simpson dined on her final night

Apartment Building in LA’s Koreatown Sells for $87k/Unit
Asset was 42 percent vacant at time of sale

The Bascom Group Closes $24 Mil South Bay Apartment Buy
Latest acquisition is 89-unit San Pedro Bank Lofts

Verizon Inks Retail Lease at Upscale San Fernando Valley Center
Wireless provider the latest to sign at $50 mil Metro Art Sherman Oaks project

Cornerstone Real Estate Advisors Awards Management of Downtown LA Office Tower to Transwestern
Assignment is for 458k sf 801 S. Figueroa St high-rise

Former Hotel Asset in Downtown LA Sells
206-unit property is currently being used as an apartment building

Investor Pays $450/sf for Northridge Retail Building
Property is occupied by Black Angus restaurant on NNN basis

Lennar Starts Work on 450-Unit Res Project in the San Gabriel Valley
The Lakes at West Covina will also contain 20k sf of ground floor retail and restaurants

Local Investor Acquires 24 Units in Hollywood
Acquisition consists of four buildings on four contiguous parcels

Employees Happier and More Productive at CBRE’s Non-Traditional “Workplace360” Offices
One year after launching workplace in downtown LA, firm has rolled out new initiative at 11 U.S. sites

Regus Signs for 15k sf at San Pedro Office Tower
Firm inks deal for fourth floor space at recently re-branded Topaz

Studio City Office / Retail Building Sells for Almost $400/sf
Multi-tenant building located near major studios

Johnson Capital Arranges $32 Mil in Construction Money for San Fernando Valley MOB Project
112k sf Ventana Medical Plaza to be located in Tarzana

The Swig Company and Intercontinental Real Estate Corporation Team Up in $21 Mil Culver City Office Buy
Venture acquires 75k sf Fox Hills Business Park

Eagle Group Closes $20 Mil in Short-Term Loans on Three Properties in California
Deals are on assets in West L.A., Downtown L.A. and Sacramento

Owner/User Buys 22k sf South Gate Swap Meet Property
Buyer to use 22k sf facility for its non-profit business

Radiology Partners Leases 12k sf of El Segundo Office Space
Firm relocating from smaller space elsewhere in the city

Two LA County Retail Sales Total Nearly $30 Mil
Hanley Investment Group pros broker the sales of Sierra Commons in Palmdale and Pacific Plaza in Torrance

Canadian Firm Buys Historic Building in Downtown LA
12-story National City Tower to remain a residential complex, but with upgrades

Manning & Kass, Ellrod, Ramirez, Trester LLP Renews Its 80k sf HQ Office Space in Downtown LA
Firm to remain in two floors at 801 S. Figueroa

Photo Taken at LA’s One Bunker Hill a Winner in Annual CBRE Urban Photographer Competition
Theme of this year’s contest is “Cities at Work”

Xebec Realty Partners to Start Work on 343k sf Azusa Industrial Park
Project to contain three spec buiildings

San Gabriel Valley Office Property Purchased for Conversion into Condo Units
CGM pays $7 mil for 40k sf Diamond Bar building

Brazilian Steakhouse Inks Deal for New Restaurant in Downtown LA
Fogo de Chao signs long-term lease at 800 S. Figueroa

Investors Pick Up Westlake Village Office Properties
Two building totaling 84k sf trade in recent deals

Trion Properties Makes Culver City Value-Add Apartment Buy
Firm plans to execute full rebranding plan for the 28-unit property

Westwood Financial Refis Long Beach Retail Property
HFF arranges $15.5 mil loan on Belmont Shopping Center

Historic Building on Rose Parade Route in Pasadena Sells for $36 Mil
123k sf property contains office space over ground floor retail

Ness Holdings Picks Up Three Value-Add LA Apartment Properties
Firm spends $11.5 mil for 62 units

Glendale Apartment Sales Comp Works Out to $232k/Unit
Seven-unit asset generates 11 written offers and trades at full asking

Compton Industrial Facility Trades in Deal Worth $117/sf
SLAB Properties buys 72k sf building

Burbank Office Building Acquired by Chinese Investment Group for $22 Mil
77k sf property to provide incubator space for Chinese firms looking to become more involved with the entertainment industry

Newly Merged Architecture Firm Takes Full Floor at Historic Building in LA’s Chinatown
Built in 1912, three-story building at 837 North Spring to be rehabilitated by Redcar Properties

All-Ways Pacific Leases 254k sf La Mirada Facility
Class A building to be used for logistics needs

Raintree Partners Buys 39-Unit Studio City Apartment Property
Fully occupied asset gores for $243k/unit

Construction Gets Started on New Residence Inn by Marriott in Pasadena’s Old Town
Project being developed by Fair Oaks Hotels at an estimated cost of $30.5 mil

San Gabriel Valley Shopping Center Receives $71 Mil in Refi Money
Financing consists of a senior mortgage and a mezz loan for Huntington Oaks Shopping Center in Monrovia

100k sf Inglewood Plaza Sold in Two Deals Totaling $27.5 Mil
Cole Credit Property Trust IV Inc buys the bulk of the fully occupied community shopping center for $25 mil

USC Leases 20k sf in Downtown LA for Expansion of Its Charter School
Deal allows university to double its space within the World Trade Center

Vintage Apartment in LA’s Miracle Mile Sells for $222k/Unit
36-unit asset trades between investors for $8 mil

Dunkel Brothers Spends $22 Mil on La Mirada HQ Facility
Heavy machinery transport firm displaced by Caltrans widening of I-5 freeway

Trophy Office Property in Glendale Trades for $466/sf
Investor buys 9k sf Osborn Office Building

Owner/User Pays $186/sf for El Segundo Industrial Facility
39k sf building goes for $7.3 mil

SoCal Chapter of CoreNet Global to Hold Annual REmmy Awards on November 6
Call for entries is now open

Rexford Realty Invests $30 Mil in Chatsworth Industrial Buy
Latest deal brings firm’s acquisition volume in 2014 to over $260 mil

Ginn Downing and Rizwan Mahmud Join Thorofare Capital
Industry pros bring years of experience to LA-based firm

$45 Mil Graduate Student Community Opens in Pomona
173k sf facility is adjacent to Western University of Health Sciences campus

Smaller Office Property in Sherman Oaks Trades for $346/sf
Buyer to occupy half of the 9k sf building

PPG Aerospace Renews 83k sf Valencia Space
Seven-year deal is worth $6.5 mil

Habitat for Humanity Leases 30k sf Torrance Space
Agency to operate a Habitat for Humanity ReStore at the location

Festival Companies Acquires 32k sf Sherman Oaks Retail Center
Purchase financed with $13.5 mil loan arranged by Meridian Capital Group

Work Started on Playa Vista Retirement Community
Fountainview at Gonda expected to house over 500 seniors

Adler Completes Both Legs of a 1031 Exchange with $16 Mil Deals
Firm sells Chatsworth industrial park for $16.8 mil and buys Phoenix office property for $16 mil

Swig Company Signs Three at downtown LA Creative Office Building
HSNO, Alta Planning + Design and Center for Sustainable Energy are latest to ink leases at 617 West 7th Street

Torrance Retail Center Trades Hands in $11.5 Mil Deal
Investor pays $371/sf for 31k sf Carpenter Village

West Los Angeles Retail Center Sale Tops $1,000/sf
The Charles Company buys 14k sf property at the corner of Westwood and Olympic Blvds

New Apartment Project Completed in LA’s Historic West Adams District
10-unit development called Crenshaw Apartments

Private Investors Nab Hollywood Area Apartment Properties
48-unit and 17-unit properties in the region trade hands

Investor Spends $27 Mil on Three West LA Apartment Properties
Acquisitions consist of two properties off the Sunset Strip and another at the border with Beverly Hills

Timothy C. (“T.C.”) Macker, Jr. Named Managing Director at Coldwell Banker Commercial WESTMAC
Becomes part of three-person executive team with Jim Bailey and Timothy C. Macker, Sr. to lead the West L.A. firm

North Hollywood Apartment Property Trades for $137k/Unit
Private investors complete $2.2 mil transaction for 16-unit asset

Greg Vilkin Joins Related California as President of Related California Urban Residential
Frank Cardone named President of Related California Affordable

SoCal Single-Tenant Bank Properties Trade at Cap Rates Near or Below 4%
Culver City and Laguna Hills sales total $12.5 mil

Lennar Begins Work on 200-Unit Res Project in Downtown LA
Olympic & Olive situated on just over one acre in the South Park area

Beverly Hills Golden Triangle Building Sells for $1,430/sf
Investor pays $10.85 mil for 7.6k sf building on Canon Drive

Johnson Capital’s Gabe Weinert Arranges Over $14 Mil for Two LA-Area Development Projects
Transactions include $10.5 mil in joint venture equity for Sherman Oaks mixed-use project and $3.6 mil bridge loan for West Hollywood condo complex

Rexford Achieves Vision of 100% SoCal Portfolio
Firm buys 55k sf San Fernando property and sells single building in Illinois

Tim & Eric Lease 15k sf of Glendale Creative Office Space
Televison production relocating and consolidating from multiple Hollywood locations

Unique Live/Work Project Gets Underway in the Marina Arts District
Latest development from California Landmark Group will contain 67 res units with dedicated office space for its residents

Lone Oak Fund Provides $5 Mil for Quick Purchase of Hollywood Property
Property to be used for expansion of Los Angeles performing arts campus

Apartment Property in LA’s Silver Lake Area Sells for $125k/Unit
27-unit asset was built in 1971

Renovated PCT Office Complex in El Segundo Provides Tenants with More of a Community Experience
Former Pacific Corporate Towers is owned by a BlackRock client and leased by CBRE

Tourmaline Capital Completes $26 Mil Burbank Retail Buy
San Diego firm acquires 166k sf Plaza Del Sol

SoCal Self-Storage Property Portfolio Sells for $16.4 Mil
Transaction consists of three properties in LA and Riverside Counties

Golden Corral Inks Ground Lease in Downey for New Restaurant Location
3.5-acre lot is former Ford dealership property at the Shops at Gallatin Road

Waterbridge Capital Venture Acquires 1 msf Downtown LA Property for Adaptive Re-Use Project
Historic Broadway Trade Center will be largest creative campus conversion on the west coast

Tishman Speyer Adds Murdock Plaza to Its West Los Angeles Office Portfolio
New York firm buys 237k sf Westwood office tower

Shoe Distributor Buys Nearly Five Acres in City of Industry for Development
Great Dragon LLC to build 90k sf building on three-parcel acquisition

The Swig Company Spends $26 Mil on Historic Pasadena Property
72k sf campus was the former industrial plant for Royal Laundry Co

Los Angeles Retail Center Refinanced with New $21 Mil Loan
HFF arranges money for 115k sf Western Plaza

Atlas Capital-Led Group on Track to Close $357 Mil Buy of Evoq Properties
Deal should generate almost $13/share for the current ownership

CGI Strategies Buys Historic Hollywood Apartment Building
The Villa Carlotta will be repositioned into upscale, long-term specialty rental units

The Studio MDR among Eight Tenants to Sign Recent Retail Deals at Runway in Playa Vista
Mixed-use center will contain 220k sf of retail space along with res units and office space

Howard Hughes Center to Reach New Heights with Altitude
Equity Residential’s new 545-unit community breaks ground at West LA mixed-use campus

Chinese Developer Buys Former Robinsons-May Site in Beverly Hills
Dalian Wanda Group looking to move forward on $1.2 bil mixed-use project

Downtown LA Office Property from 1927 Sells for $19 Mil
12-story building was 97% leased at time of sale

Woodland Hills Office Building Goes for $178/sf
Majority of 53k sf building occupied by University of Phoenix and Accredited Nursing

Santa Monica Affordable Housing Project Opens 100% Occupied
160-unit Belmar Apartments was developed by Related Companies

New Jersey REIT Ventures into SpaceX
Chambers Street Properties pays $47 mil for leased 461k sf facility in Hawthorne

Hollywood Apartment Building Goes for $142k/Unit
24-unit property originally built in 1960

Granite Properties Completes $49 Mil Burbank Office Buy
Firm purchases 150k sf building from Legacy Partners

Laurus Corp Spends $90 Mil on Marriott Warner Center Hotel
Firm expects to invest additional $10 mil in upgrades to the 474-room property

West LA Retail Buy Financed with $210 Mil CMBS Loan
Ashkenazy Acquisition Corporation picks up 335k sf Beverly Connection

Canyon Catalyst Fund and Sack Properties Team Up on Two SoCal Apartment Buys
Latest purchases are located in West Covina and Upland

Primestor Spends $5.5 Mil on East Los Angeles Mixed-Use Property
Purchase includes three buildings totaling 55k sf of space

Leasing Activity Strong in the Carson/Rancho Dominguez/ 91 Freeway Corridor submarket of L.A.’s South Bay
According to latest data from The Klabin Company, leasing for first half of 2014 already exceeds activity for all of 2013

Pacific Southwest Realty Services Arranges $6.5 Mil on 84-Unit SoCal Apartment Community
Refi money secured by 1970s era asset in Torrance

San Fernando Valley Apartment Property Goes for $573k/Unit
12-unit Valley Village building features large units of 2k sf or bigger

Overton Moore Sells Two Buildings at City of Industry Biz Park Development
Separate buyers pick up 40k sf and 39k sf buildings at Don Julian Business Center

EVOQ Refinances 261k sf LA-Area Industrial Property
HFF secures $16.4 mil loan for Santa Fe Commerce Center

Quantum Capital Partners Arranges $15.7 Mil on LA Jewelry District Building
110k sf property is 95% occupied by mostly short-term lease tenants

Glendale Office Property Trades for $27 Mil
Cambra/Angelo Gordon sells 122k sf building at 225 W. Broadway

Kilroy Signs NeueHouse to Its Columbia Square Development in Hollywood
Membership-based collaborative office space firm takes 93k sf at new project on site of former CBS broadcast facility

San Fernando Valley Industrial Property Trades Hands
108k sf building located on five acres in Pacoima

Renovation Finished at 468-Unit OC Multifamily Apartment Community
R.D. Olson Construction is general contractor for 27 Seventy Five Apartments in Costa Mesa

Rexford Industrial Closes $16.8 Mil SoCal Buy
Firm buys 153k sf Chatsworth Industrial Park in the west San Fernando Valley

Capri Capital and TruAmerica Multifamily Pay $283 Mil for The Vermont in L.A.
J.H. Snyder and Washington Capital Management are the sellers in the largest mixed-use sale in CA for 2014

CT Realty Picks Up 325k sf LA Area Industrial Property
City of Industry building sells for $21 mil

Jason Pendergist Named Chief Lending Officer at Luther Burbank Savings
Will oversee all lending functions at the company

Long-Time Elks Lodge Property in San Fernando Sold to Local Investors
Group will still occupy portion of the building while remaining space to be marketed for community events

West San Fernando Valley Office Property Trades Hands
Majestic Asset Management Inc and JS/JS Properties Inc pick up 53k sf building in Warner Center

Walmart-Anchored Building in LA’s Chinatown Refinanced with New First TD for $11 Mil
Quantum Capital arranges financing, funded by large Asian bank

Final Phase of 2 msf Pomona Biz Campus Gets Underway
Seventh Street Development starts work on last four buildings at its Mission 71 Business Park

Private Investor Exchanges into $11.5 Mil SoCal Retail Buy
CBRE team brokers purchase of 48k sf Maywood Village Square

Universal Music Group Renews 200k sf of Santa Monica Office Space
Entertainment firm occupies entire six-story building as its global headquarters

Sydell Group Buys Downtown Los Angeles Office Building from 1924
Commercial Exchange Building has 119k sf of space over 13 floors

Beverly Hills Office Building Recapitalized with $25 Mil in Financing
Lucent Capital arranges first and mezzanine loans on 69k sf property

Four-Building, Mixed-Use Asset in Pasadena Sells for $42 Mil
Old Pasadena Collection has 91 res units and two freestanding retail buildings

San Dimas Office Asset Sells in $10 Mil Deal
New owner has tenant for building’s vacant 33k sf space

Compton Industrial Property Sells
150k sf building sold by Prudential Real Estate Investors

High-Profile Res/Retail Asset in Downtown Los Angeles Trades Hands
Private investor pays $6.95 mil for The Shops at Library Court

New 114k sf Creative Office Building in LA’s South Bay Opens 50% Leased or Committed
Bixby Land’s 2101 El Segundo Blvd building cost $25 mil

AEG Leases 82k sf Historic Building in Downtown LA to Consolidate Divisions Near L.A. Live
The Desmond building is owned by Lincoln Property Company

Private Investor Picks Up Santa Monica Apartment Building
Property sold for $250k/unit

156-Unit Christ Unity Manor Apartments in L.A. to Remain Seniors Affordable Housing After Recent $22.5 Mil Sale
Vitus Group acquires 40-year-old tower in complex deal that took over a year to conclude

Apartment Building in LA’s Faircrest Heights Trades for $462k/Unit
17-unit property sells for 58% higher than previous sale 18 months earlier

New Mixed-Use Project in the Eastern San Gabriel Valley Signs Six Retail Tenants
Waba Grill, and Sports Clips are among the latest to take space at La Verne Village

San Fernando Valley Apartment Building Sells for over $200k/Unit
Investor buys 22-unit Carmel Palms Apartments in Tarzana

Clarion Partners Nabs 300k sf Playa Vista Office Property
Company buys Latitude 34 at Playa Vista from ASB Real Estate Investments

NationBuilder Leases 55k sf Office Space at Biltmore Court in Downtown Los Angeles
Space is part of the historic Biltmore Hotel next to Pershing Square

MacFarlane Partners to Develop Two-Building Res Project in Downtown L.A.
Firm acquires 99k sf site adjacent to Pershing Square for already entitled project

USC Student Housing Property Sells for $4 Mil
Recently constructed property contains 25 bedrooms in five units

West LA Office Property Sells with One-Day Escrow
Archway Holdings Corp-led group buys 25k sf building

AIR Prez Jason Jamison Comments on LA-Area Industrial Market
Strong demand in many submarkets has led to rental and sale price increases since the start of the year

ThinKom Solutions Relocates to 75k sf Hawthorne Space
Broadband antenna provider moving headquarters from current location in Torrance

Pair of West Hollywood Multifamily Sales Generate $4.7 Mil from 15 Units
Properties were originally built in 1960 and 1930

Thorofare Capital Provides $9 Mil for Two LA-Area Skilled Nursing Facilities
Short-term loan to refi existing loans and fund improvements

San Fernando Multifamily Comp Trades at $135k/Unit
Investor pays $3 mil for 22-unit asset in the North Hills area

CT Realty Investors Buys 23 Acres in La Verne for $12 Mil
Land entitled for up to 380k sf of new development

Kilroy Shares Plan for 475k sf Hollywood Creative Office Project
Firm to develop full city block site acquired last year from The Academy of Motion Pictures Arts & Sciences

Santa Fe Springs Industrial Building Sells for $115/sf
Jobber’s Wholesale buys 23k sf property for relocation and expansion needs

99 Cents Only Stores Inks Largest LA County Industrial Lease for 2014
National chain signs deal for newly constructed 615k sf facility in Commerce

Trumark Urban Acquires Fully Entitled Downtown LA Res Development Site
NoCal firm to move forward with plans for 151-unit condo tower

Deloitte Inks Lease for 113k sf of Downtown LA Office Space
Leading consulting firm signs at Brookfield’s Gas Company Tower

One Santa Fe and 8500 Burton Way Recognized at 44th Annual Los Angeles Architectural Awards Event
Both mixed-use developments built by Bernards

Rexford Invests $15 Mil in Burbank Industrial Buy
Local firm picks up 130k sf, NNN-leased property

Universal Music Group Leases 146k sf of Office Space in Woodland Hills
Firm relocates and consolidates West Valley Locations to LNR Warner Center

Unique Downtown LA Res/Retail Tower Listed for $45 Mil
12-story National City Tower was originally constructed in 1924

Mar Vista Apartment Property Comes In at $360k/Unit
16-unit property trades at highest price-per-unit for non-rent-controlled building in area since late 2006

Panorama City Apartment Property Sells for $22 Mil
201-unit asset traded by private investors

Beverly Hills Retail/Office Building Sells for Over $1,100/sf
10.5k sf property located in city’s desirable Golden Triangle area

Ricon Corporation Inks Lease for 65k sf in Panorama City
Deal is within the San Fernando Business Center

Carson Single-Tenant Building Sells for $7.3 Mil
50k sf flex/office property sits on over three acres

Stater Bros Leases 42k sf Former Albertsons Space at Covina Retail Center
15-year deal is at 112k sf Grand-Covina Plaza

Glumac Engineering Signs Long-Term Lease in Downtown LA
Firm takes 17.5k sf at 707 Wilshire Blvd

Long Beach Affordable Housing Development for Seniors Breaks Ground
Meta Housing Corp developing 41-unit Long Beach & 21st Apartments

Retail Opportunity Investments Corp to Spend $210 Mil on LA-Area Regional Mall
Firm to acquire majority of Fallbrook Shopping Center in West San Fernando Valley

Outdated Downtown LA Parking Structure Acquired for $6 Mil
Sunrise Real Estate Group and Parallel Acquisitions & Holdings to redevelop property on Broadway

Foreign Investor Goes Retail Shopping in Playa Vista
Brookfield Residential collects $16.9 mil from sale of two fully leased centers totaling 22.7k sf of space

The Magellan Group Acquires 20-Acre Dev Site in El Monte
Firm to build 500k sf industrial project on the land

DivcoWest Completes 483k sf El Segundo Office Buy
Purchase of Continental Grand Plaza is firm’s second acquisition in the city in the last couple of months

1960s-Era Long Beach Apartment Property Gets $4 Mil Makeover
237-unit complex owned by Phoenix Realty Group

Johnson Capital Arranges $7 Mil Refi on San Fernando Valley Multifamily Property
40-unit complex located in Northridge

Jazz Venue Inks Long-Term Lease for Hollywood Space
Catalina Bar & Grill agrees to deal for 9k sf location

Vista Investment Group Nabs NoHo Lofts Live/Work Complex
Property contains 68 res units in 1950s building

Private Investor Spends $24.8 Mil on Two Glendale Apartment Properties
Two buildings contain a combined 85 units


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