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October 1, 2022

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LOS ANGELES COUNTY HEADLINES

Hollywood’s Television Center Property to Be Redeveloped into a 620k sf Studio Campus
9/30/22

BARDAS Investment Group and Bain Capital Real Estate to spend $600 mil transforming 6.4-acre property into a state-of-the-art creative office and production complex

Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22

Eight-unit asset from the 1940s offers value-add opportunity for the buyer

Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22

$76 mil deal is for 149-unit Avalon Studio 4121 in Studio City

Greg Dyer Named Executive Vice President at CBRE
9/29/22
Top producer has been involved in more than $3.5 bil of closed transactions

The University of California Los Angeles to Acquire Former Marymount California University Campus in $80 Mil Deal
9/29/22

Coastal South Bay purchase includes 24-acre campus site and a vacant student res facility

Glendale Office to Res Tower Conversion Completed
9/29/22

Adept’s eight-story 520 N. Central offers 53 apartment homes

Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit
9/28/22

$2.5 mil deal is for 12-unit Edgemont Court

Hyatt Place Los Angeles / LAX / El Segundo Hotel Sells for $49 Mil
9/28/22

143-key asset acquired by Welcome Group Inc

Premier Workspaces Opens New Location in Pasadena
9/27/22

Firm takes 17k sf at 301 N. Lake Ave

EverWest Advisors Buys Industrial Facility in Pomona for $252/sf
9/26/22

182k sf asset sold by Stos Partners

Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit
9/23/22

Rent-controlled property had rents more than 100% below market rate

Brandywine Homes Acquires El Monte Land Assemblage for Res Townhome Development
9/23/22
Seller exchanges into nearby medical office building

Lancaster Shopping Center Gets New Owner in $45 Mil Transaction
9/22/22

375k sf Valley Central sells for $120/sf

BLT Enterprises Closes on $130 Mil of SoCal Industrial and Creative Office Acquisitions
9/16/22
Firm’s latest purchases are in El Segundo, Pico Rivera, Burbank, Los Angeles, Costa Mesa and Vista

Partners Capital Buys 75k sf L.A. Area Biz Park
9/15/22
Firm pays over $200/sf for 75k sf Victory Industrial Park in Norwalk

Trusaic Relocates to 12.5k sf in Downtown L.A.
9/14/22
Software company signs at Biltmore Court

Hollywood Land Assemblage Acquired by CMNTY Culture for 500k sf Creative Office and Studio Development
9/14/22

Parkview Financial provides $35 mil for purchase of three parcels in the planned project

Hudson Pacific Properties Announces Pricing of Public Offering of $350 Mil Aggregate Principal Amount
9/12/22
The senior notes will be due in 2028

Majestic Asset Management Inc Spends $73 Mil on Office and Industrial Asset in the San Gabriel Valley
9/12/22

249k sf Telstar Building located in El Monte

Monem Corporation Spends $10.8 Mil on Two L.A. Area Multifamily Buys
9/12/22
Los Angeles and Van Nuys acquisitions total 59 units

Poms & Associates Inks Lease for Reduced Space at Calabasas Office Campus
9/08/22

25k sf space will better accommodate the firm’s hybrid workforce going forward

SBH Real Estate Group Sells Trio of SoCal Properties in Deals Totaling $15 Mil
9/08/22
Transactions are for retail sites in Covina and Gardena

Mark Your Calendars – October 19 is RENTV’s 2022 Greater Los Angeles State of the Market Conference
9/06/22

Join us at our annual conference for an opportunity to hear from and network with industry experts who will discuss the changing office, industrial, retail, multifamily and financial markets for the Los Angeles region

L.A. County Rental Housing Market Exits the Pandemic with Strong Demand
9/07/22
NAI Capital provides second quarter 2022 overview for the region’s multifamily market

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