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February 27, 2017
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L.A. Area Retail Center Traded in $62 Mil Deal
156k sf Arcadia Gateway Center goes for $398/sf

Barbara Armendariz Launches Boutique Real Estate Services Firm with Kevin Herron
LA-based SharpLine to serve retail and industrial property sectors

Eagle Group Finance

Rexford Completes $17 Mil Industrial Buy in North LA County
Acquisition includes vacant 111k sf facility along with land for new development

Sterling Organization Buys 4.7k sf Retail Property on North Beverly Drive in Beverly Hills
Purchase financed with $12.14 mil loan arranged by HFF

Lone Oak Fund

South LA Industrial Sales Comp Comes in at $138/sf
Orient Express buys 35k sf property in Rancho Dominguez

Expect More Cast & Crew in Burbank
Entertainment services firm signs expansion lease for additional 23k sf at Empire Center building

Residential Project Completed in LA’s Central City West Neighborhood
218-unit Wilshire Valencia developed by Astani Enterprises and designed by KFA

PSI Services Inks 23k sf Expansion/Relocation Lease in Glendale
Firm relocating from Burbank

The Ratkovich Company Recapitalizes The Alhambra with New Partners
HFF arranges transaction that includes $119 mil in new financing on 45-acre mixed-use campus

Furniture Manufacturer Leases 58k sf Industrial/HQ Facility in Valencia
Armen Living agrees to five-year deal at $0.80/sf/mo

Two Long Beach Apartment Properties Trade in $6 Mil Deal
Sale is for nearby assets adjacent to downtown

Recently Completed Culver City Project Lands $47 Mil in Financing
Quantum Capital Partners arranges new loan on Runyon Group’s Platform mixed-use development

Res Portfolio in LA’s Mid-Wilshire Area Hits the Market
$27 mil listing consists of four properties totaling 141 units

4M Corporation Buys 103k sf Office Building Near Universal Studios
Blackstone sells Class A asset that was 98% leased

Property in LA’s Baldwin Hills / Crenshaw Area Sells for $13.3 Mil as Development Opportunity
Asset currently consists of 78k sf of office space and surface parking on over three acres

Draftsmen & Craftsmen
McCormick Construction Completes Renovation of Redondo Beach Creative Office Campus

Loyola Marymount University Inks Lease for 50k sf in Playa Vista
Deal represents the first lease at Tishman Speyer’s The Brickyard, a two-building, 400k sf office campus

Single-Tenant Grocer Property in Los Angeles Sells for $728/sf and a Cap Rate of 3.99%
Local investor pays almost $18 mil for Numero Uno Market building west of Downtown

Historic Res Building in LA’s Koreatown Area Sells for $172k/Unit
Vista Investment Group pays $8.6 mil for The Ashmont

Shaun Stiles and Katie Cowan Join Cushman & Wakefield
Tri-Cities experts come over from JLL

Tech Firm Signing is a Virtual Reality for Marina Business Center
Upload Inc agrees to $8.5 mil lease for creative office space in Marina del Rey

New Industrial/Office Project Started in Valencia
47k sf Industry Gateway being developed by Industry Associates LLC

Glendale Rite Aid Trades Hands at Record Cap Rate
Private investor pays $14.3 mil for newly constructed property

Torrance Multifamily Portfolio from the 1960s Hits the Market
Three-property, 500-unit listing from Don Wilson Builders expected to go for $200 mil

Adjacent Torrance Retail Properties Purchased for $14.5 Mil by Winright Investments LLC
Deal is for Torrance Western Shopping Center and Sansei Shopping Center

Retail Asset in L.A.’s Silver Lake Area Fetches almost $1,300/sf
NoCal investor pays $13.3 mil for 10.5k sf property along Sunset Blvd

L.A. Investors Trade 20-Unit Long Beach Multifamily Asset
Atlantic Avenue Apartments sells for $3.5 mil

Lew Horne Appointed President of CBRE Group’s Newly Formed SoCal-Hawaii Division
Expanded role give him oversight of San Diego and Hawaii in addition to Greater LA and OC

Los Angeles Multifamily Property Lands $8 Mil Refi Loan
NorthMarq Capital arranges new financing on 44-unit Lafayette Square Apartments

LaSalle Investment Management Acquires Three Creative Office Assets on LA’s Westside
Playa Vista and Malibu properties sold by a venture between Canyon Catalyst Fund and Pacshore Partners

Tech Firms Take 37k sf of Space at Burbank Media District Office Building
Recent leases from Pixelogic Media Partners and Hula Media Services total $12 mil

Costume / Toy Firm Leases Compton Facility
Company to use 30k sf building as its headquarters

Talonvest Capital Structures $36 Mil in Construction Loans on Self-Storage Properties
Transactions are for properties in the Los Angeles, San Diego, Denver and Carrollton, TX areas

ValueRock Realty Partners Closes $24 Mil Office Buy in Long Beach
Firm acquires 77k sf building as part of a 1031 exchange

Work on Nickelodeon’s Expanded Burbank Campus is Completed
McCormick Construction handled the extensive project which included a new, 110k sf animation building

OnTrac Leases New 255k sf Facility at Sun Valley Business Center
Building is one of two that make up the 352k, state-of-the-art project, still under construction

Brickstar Buys 60k sf Building in LA’s Little Tokyo Neighborhood
Mixed-use property sold by Union Bank, who will continue to operate a retail branch at the location

Timothy C. Macker Jr. Named President at Coldwell Banker Commercial WESTMAC
Timothy C.Macker Sr. becomes Chief Executive Officer at the LA real estate services firm

San Gabriel Valley Retail Property Picked up by 1031 Exchange Buyer
23k sf San Marino Plaza sells for $10.7 mil

Gelb Enterprises Pays $22 Mil for Warner Center Office Building
108k sf property located in the west San Fernando Valley

Vista Investment Group Spends $27.5 Mil on Two SoCal Apartment Properties
Acquisitions are of properties in the San Diego area of La Mesa and in Los Angeles’ Koreatown District

Prologis Getting Younger with the New Year
Optics industry firm inks 53k sf industrial lease in Compton

24 Hour Fitness Leases New Space at Del Amo Crossing in Torrance
Construction of 45k sf facility part of The Muller Company’s renovation of the mixed-use property

Seal Beach’s Bay Theatre Sold in Recent $2 Mil Deal
Buyer to restore the single-screen theater and renovate the property into a luxury venue

Crow Holdings Picks Up 120k sf Industrial Asset in the Rancho Dominguez Area
Facility was sold by TA Associates Realty

Kilroy Realty Closes Out 2016 with $210 Mil Hollywood Office Buy
Firm buys The Sunset from Broadreach Capital Partners

Netflix Takes an Additional 92k sf of Space in Hollywood
Deal is for all of Hudson Pacific Properties’ new five-story CUE building

Downtown Long Beach Apartment Property Sells for Just Under $10 Mil
SoCal investors trade 44-unit asset

$62 Mil Res Development Completed at Edge of Downtown L.A.’s South Park
The Wolff Company’s OLiVE DTLA offers 293 units and 15k sf of retail

Redevelopment Site Along Pasadena’s South Lake Ave Goes for $16.5 Mil
Chinese investor buys 1.27-acre parcel with existing 22k sf building

Harbor City Self-Storage Property Trades for $5 Mil
US Storage Centers Inc buys 333-unit StorAmerica Self Storage

Walker & Dunlop Structures $15 Mil Freddie Mac Refi on Los Angeles Apartment Property
Deal is secured by The Harvey, a 1920s property in eastern Hollywood

Glendale Apartment Property Traded in $54 Mil Transaction
Interstate Equities Corporation buys 126-unit Verdugo Village with plans to rename as Towne at Glendale

Private Investor Pays $374/sf for Santa Clarita Retail Property
Valencia Town Center Plaza was sold by Trion Properties, who repositioned the asset after buying it for $6.8 mil three years earlier

San Fernando Elks Lodge Listing Presents Unique Redevelopment Opportunity
61k sf offering listed for $3.5 mil

First Phase of Redevelopment at Inglewood Retail Center Completed
$15 mil renovation of Crenshaw Imperial Plaza includes conversion of office space to retail along with demolition of one building and construction of a new structure

ASB Real Estate Investments Pays $83 Mil for Newly Built Res/Retail Project in Santa Monica
Two-building property contains 106 apartments and 7.8k sf of retail space

Investor Pays $278/sf for Eagle Rock Office Property
Building was constructed in 1966 and renovated in 2009

SoCal Industrial Sales Total $12 Mil
Fontana and Vernon deals were for land and a vacant building

Japanese Investment Entity Buys Hercules Campus West in Playa Vista
Historic, Four-Building Asset Fully Occupied by Google

Boutique Office Building in Santa Monica Trades for $900/sf
11k sf property located near Metro Expo Line terminus

Fuse Media Signs Leases on Both Coasts
Firm renews space in Glendale while agreeing to new deal in New York City

Angelo, Gordon & Co and Lincoln Property Company Team Up in $147 Mil S.F. Valley Office Buy
Venture purchases 510k sf LNR Warner Center IV in Woodland Hills

Beijing-Based Entity Spends $18.8 Mil for Warner Center Development Property
Well-located site currently contains two vacant industrial buildings

City National Bank Leases 300k sf at 2Cal in Downtown LA’s Bunker Hill
Anchor tenant deal includes prominent signage and branding

Inglewood Mixed-Use Center Undergoing Major Renovation is Refinanced with $34 Mil Loan
Crenshaw Imperial Plaza contains 238k sf of retail and a 67k sf office building

Six-Story Long Beach Building Transformed into Creative Office Space
The Ruth Group completes redevelopment done in collaboration with Wae Malcomb

Increasing Demand for LA and OC Logistics Space to Push Up Leasing Rates in 2017
Per CBRE report, investor demand for industrial properties expected to jump in the coming year as well

Cal Plaza One and Two Ground-Leased Land Parcels in Downtown LA Fetch Over $100 Mil
Beacon Capital Partners and CIM Group purchase land under their respective trophy office towers from CRA/LA

Majestic Asset Management Buys Westlake Village Office Park
Firm spends $23 mil on five-building Westlake Spectrum

Rexford Industrial Realty Completes Trio of SoCal Deals Worth $43 Mil
Firm spends $24 mil on Rancho Cucamonga buy while collecting $19 mil from property sales in Yorba Linda and Los Angeles

Mixed-Use Building in Santa Monica Fetches Over $800/sf
Palisades Capital Partners buys 40k sf office/retail property for $33 mil

Worchell Hollywood Properties Makes Medical Office Buy in the East San Fernando Valley
Firm pays over $14 mil for Toluca Lake Medical Center

Rockwood Capital and Marshall Development Expanding Playa Vista Office Complex
Work underway on a new, 55k sf building at Playa Jefferson

Irwindale Industrial Development Gets Underway
Seventh Street Development starts work on 195k sf Alderson Business Park

Multifamily Property in L.A.’s Palms Area Fetches $500/sf
Nine-unit Keystone Manor sells for $4 mil

Investor Exchanges into 282k sf Calabasas Tech Center
Eight-building office campus purchased as a long-term hold

Vectra Management Group Pays $17 Mil for Class A Office Property in West Los Angeles
Acquisition of 43k sf building financed with $16.75 mil loan arranged by CBRE and funded through JCR Capital

Adjacent Beverly Hills Apartment Buildings Sell for $566k per Unit
Properties were sold by third generation seller who owned them since 1966

Van Nuys Res Buy Financed with $4.5 Mil Acquisition/Bridge Loan
Eastern Consolidated arranges money for D2 Squared Properties’ recent buy

Compton Logistics Building Undergoes Complete Renovation
Overton Moore Properties completes work on 109k sf Dominguez Hills Industrial Center

Onni Group Picks Up Development Site in LA’s Arts District
38k sf property was sold by Core Development Group

LA City Planning Commission Approves Plans for New Campus at Los Angeles LGBT Center
Project to include affordable housing for seniors, beds for homeless youths and more

Sharp Capital Locks Up $14.5 Mil Refi Loan on Downtown LA Office Building
HFF arranges financing on 96k sf asset

Two Buildings Owned by The Muller Company Receive 2016 TOBY Awards
SoCal medical office buildings located in Laguna Hills and Westwood

City of Los Alamitos Planning Commission Gives Okay for 114k sf Retail Development
Village 605 a project of Lincoln Property Company and Long Wharf Real Estate Partners LLC

Pepper Lane Properties Pays $530k/Unit for Hollywood Res Property
Deal is for 26-unit Wilcox Townhome Apartments

Santa Monica College Completes New IT Building and Starts New Student Services Building
Bernards is the builder for both projects

Single-Tenant Property in Palmdale Goes for $7 Mil
Deal is for DaVita-occupied medical building

Howard Hughes Center to Undergo a Renovation
Equity Office to transform office complex into a connected, creative campus

Walker & Dunlop Structures $36 Mil FHA Financing on Pasadena Mixed-Use Property
Windrose Apartments & Bungalows contains a mix of office and residential space over nearly three-quarters of a city block

Patrick Toomey Joins Faris Lee Investments as Senior Managing Director
Brokerage veteran comes over from Matthews Retail Advisors

Apartment Property in LA’s Pico-Robertson Neighborhood Sells for $400k/Unit
Property had been owned by the same family for 80 years prior to this sale

Valencia Studio Production Facility Traded in $19 Mil Deal
Valencia Holdings LLC and Valencia Studio Group LLC buy 121k sf Valencia Studios property

Decron Properties Obtains $98 Mil in Financing on Westchester Assets
Loans are for Playa Del Oro II res property and nearby Playa Lincoln shopping center

North Hollywood Res Project Sells for $102 Mil
KBS Strategic Opportunity REIT II and MWest Holdings buy 292-unit The Lofts at NoHo Commons

Long Beach 7-Eleven Property Sells for $1,500/sf
2.4k sf store fetches $3.65 mil

Lincoln Property Teams Up with Rockwood Capital in El Segundo Office Buy
Venture to transform 355k sf Gateway El Segundo into creative space

UCLA Wins Silver Shovel at 2016 NAIOP Real Estate Challenge
Bruins top Trojans in head-to-head competition over best plan for a five-acre Inglewood site near new Rams NFL stadium

First Phase of Renovations Finished at Marina Del Rey Res Complex
Work covers 57 units at Legacy Partners’ Wayfarer Apartments + Marina

LA’s Historic Norton Building to be Renovated into Creative Office and Retail Space
Calmwater Capital provides $25 mil loan for Urban Offerings’ purchase and redevelopment of 100k sf structure

Investors Spend $38 Mil on LA Multifamily Properties
Two deals are for assets in Hollywood, Echo Park and Koreatown

Valencia Industrial Building Traded for $140/sf
Buyer pays $3 mil for 21k sf property

Century Plaza Towers Acheives LEED Gold Recertification
Century City complex consists of two 44-story high-rises totaling 2.4 msf

Two Recent Deal Comps from the San Gabriel Valley Total Over $11 Mil
Transactions include a lease in Irwindale and a sale in Glendora

Decron Properties Refinances The Plant with New $40 Mil Loan
Meridian Capital arranges refi on 220k sf power center in the San Fernando Valley

Universe Holdings and Hanover Financial Pay $24 Mil for 68 Res Units in Hollywood
Joint venture plans to spend additional $2 mil to modernize the properties

Brightstone Capital Partners and Artisan Realty Advisors Pay $400 Mil for Lantana Media Campus in Santa Monica
Purchase of 479k sf asset financed with $283 mil loan provided by Mesa West Capital

Residential Re-Use Project in LA’s Koreatown District Opens 50% Preleased
The Abbey is a 110-unit apartment complex redeveloped by Jamison

Multifamily Property from 1920s in LA’s Koreatown Fetches $166k/Unit
Pacific Crest Realty buys 60-unit Alexandria Tower Apartments

Los Angeles Apartment Portfolio Refinanced with $33 Mil in Cash-Out Money
George Smith Partners arranges complex transaction on nine properties in West Hollywood and Koreatown

Hollywood Property Trades as Redevelopment Opportunity in $8 Mil Deal
Sale is for half-acre site that currently contains a Shakey’s Pizza Parlor

Two LA Multifamily Sales Total Up to $20 Mil
Deals are for assets in the city’s Westlake and Hollywood areas

Chelsea Adds 56 Upscale Res Rental Units to Santa Monica
New mixed-use project just completed by Century West Partners

Inglewood Apartment Property Trades in Investment Buy
$4.48 mil transaction values asset at $249k/unit

Mani Brothers Real Estate Group Makes $80 Buy in Playa Vista
Firm purchases 100k sf The Landing at Playa Vista from Hudson Pacific Properties

Gordon Laboratories Inks Two Leases for 90k sf of Space in Carson
Sunscreen manufacturer renews at one building and signs new deal for a second building in the area

Paris-Based Market Research Firm Inks Lease in Culver City
Ipsos Insight takes 11k sf at Corporate Pointe property

NBS Associates Makes El Segundo Office Investment
Firm picks up 59k sf building along with 545-space parking garage

Robertson Properties Group Pays $50 Mil for Arclight Hollywood Parking Structure
Property is LA’s largest public/private parking structure

Duke Realty Corp to Build 475k sf Logistics Facility in La Mirada
Firm buys development land from Chevron USA

Historic Property in Downtown Los Angeles Sold for $24 Mil
International buyer pays $429/sf for The Merritt Building

Beverly Hills Retail Building Sells for $5,000/sf
Asset in located within city’s Golden Triangle shopping district

UNCOMMON Development Breaks Ground in the San Fernando Valley
24 is a live/work/play concept being built in on 24 acres in Chatsworth

Tishman Speyer Buys Creative Office Campus in LA’s Arts District
$24.5 mil purchase of 1.7-acre property is second major deal in the area in the past few weeks

The Kavli Foundation Pays Almost $1,000/sf for Playa Vista Building
13k sf, showroom/office building sold by Vista Management LLC

Every Bunny Happy after Museum Makes Altadena Studio Buy
Unique collection is listed by The Guiness Book of World Records as one of the top ten most unusual museums in the world

Swift Realty Partners Pays $61 Mil for The Academy in NoHo
San Fernando Valley Class A office property contains 175k sf in two buildings

Neighborhood Retail Center in Long Beach Trades in $29 Mil Deal
Red Mountain Group sells The Knolls Shopping Center

65-Unit Res Asset in Hollywood Picked Up by Ness Holdings
1957 property goes for over $14 mil

Walker & Dunlop to Acquire George Elkins Mortgage Banking Company
Elkins has averaged $800 mil per year in originations out of five offices

Pasadena Mixed-Use Asset Fetches Over $400/sf
Shops on Hill contains res units over local, ground-floor retail

Sherman Oaks Retail Center Recapitalized with $18.5 Mil Loan
Meridian Capital Group arranges financing on 33k sf property for The Festival Companies

Joseph Faulkner Recruited as Executive Managing Director at NAI Capital
Real estate veteran to oversee the firm’s Commerce office and help build its downtown LA presence

Upscale Res Development Breaks Ground in Marina del Rey
68-unit D1 project is a development of California Landmark Group

International Airport Centers Starts Work on 1.3 msf Industrial Park in Valencia
Nine-building IAC Commercial Center to consist of nine buildings in a 116-acre campus

MGA Investments Purchases 70-Year-Old Apartment Property in Santa Monica
13-unit asset trades for $3.2 mil

Repositioning to Continue at Historic Mayer Building in Hollywood Thanks to New $15.8 Mil Loan
Revere Capital arranges money on 46k sf office/retail property

ROEM Corporation Finishes Affordable Housing Project in Baldwin Park
Metro Village offers 70 units along with 5.5k sf of retail space

Inglewood Industrial/Flex Building Smells Good to Mike Diamond Plumbing
Owner/user pays $267/sf for building formerly used as HQ for Stiletto Entertainment

Warner Music Inks Lease for 275k Building in LA’s Arts District
$130 mil deal represents the most significant office commitment to-date in Los Angeles’ redevelopment hot spot

Two San Fernando Valley Retail Investment Buys Total Over $16.5 Mil
Recent comps took place in Van Nuys and Studio City

Investor Interest in L.A. Remains Strong
Third quarter 2016 update on Los Angeles investment market provided by Cushman & Wakefield

Industry Icon John B. Kilroy, Sr Passes Away at the Age of 94
Click headline for LA Times obituary about the real estate legend

San Gabriel Valley Industrial Asset Sells in $14 Mil Deal
100k sf facility had been used for food processing and distribution

Ratkovich Marketing Its Hercules West Campus in Playa Vista
Future Google campus property consists of original hangars where Hughes’ Spruce Goose was built

Marc D. Renard Promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group
Industry pro joined C&W in 1983

New Glendale Hampton Inn & Suites is Completed
94-room development built by R.D. Olson Construction

Trophy Office Building in Santa Monica Trades Hands in $1,000/sf Deal
Douglas Emmett picks up 129k sf property just off 3rd Street Promenade

Downtown Los Angeles Building Trades for $476/sf
Private investor pays over $50 mil for 105k sf Chase Plaza property


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