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July 11, 2020

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LOS ANGELES COUNTY HEADLINES

4S Bay Partners LLC Pays $35 Mil for 3.27 Acres of Developable Land in Los Angeles
7/10/20

The site is in a designated Opportunity Zone with a Transit Oriented Development (TOC) Tier III designation

Trio of SoCal Retail Acquisitions Financed with $19.9 Mil in Loans
7/07/20
CBRE arranges money for purchase of Oceanside, Santa Clarita and Montebello properties totaling 76k sf

Rexford Industrial Realty Closes on Five SoCal Buys Totaling $73 Mil
7/06/20
Recent deals combine for 434k sf of space

Manifest Point LLC Buys San Fernando Valley School Campus Property
7/03/20

15.78-acre Chatsworth site trades for $9 mil

New AC Hotel by Marriott in Beverly Hills has been Completed
7/02/20

Developed by Reliable Properties and Seaview Investors, the 11-story project was built by R.D. Olson Construction

Two CA Multifamily Assets Land Freddie Mac Refi Loans Totaling $208 Mil
7/02/20
Deals are for a 615-unit property in Alameda and a 184-unit complex in Monterey Park

Blackstone Property Partners to Acquire 49% Stake in a 2.2 msf Portfolio Owned by Hudson Pacific
6/29/20

$1.65 bil deal is for three Hollywood studios and other Class A office assets

William A. Millichap Passes Away at 76
6/23/20

Highly regarded industry leader was co-chairman of Marcus & Millichap

Multi-Tenant Retail Center with Cannabis User Financed with Loan for $13.5 Mil
6/22/20
George Smith Partners arranges cash-out loan on asset in L.A.’s Echo Park area

Summerhill Completes Pasadena Res Project
6/22/20

105-unit Theo was designed by KTGY Architecture + Planning

Multifamily Building in L.A.’s Koreatown Sells for $289k/Unit
6/18/20

14-unit asset was completely renovated since prior transfer in 2017

SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
6/17/20
Four properties are located in Indio, Lomita, Victorville and Hawthorne

See Dodger Stadium with Lots of Cars and No People
6/16/20

Great aerial pic with DTLA in the background taken by Fred Emmert

Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
6/15/20

Move spurred by expected changes and greater innovation likely in the current environment

Two Tenants Ink Leases Totaling 73k sf at San Fernando Facility
6/15/20

True Star Transit and Moviemachines sign deals at 300k sf building at north end of the Valley

San Gabriel Valley Multifamily Asset Trades in $8.9 Mil Deal
6/12/20

Investor pays $318k/unit for Starcrest Apartments in Arcadia

Meta Housing Starts Work on Affordable Housing Project in Downtown L.A.
6/10/20

82-unit Lamp Lodge being built by R.D. Olson Construction

Inglewood Retail Building Sells for $350/sf
6/03/20
Private investors trade 9k sf asset anchored by Domino’s

Entity of Pepperdine University Scoops Up Two Malibu Office Buildings
6/03/20

Miramar Property Investment Company collects $17.5 mil from the sale

San Gabriel Apartment Building Gets New Owner in $5 Mil Deal
6/03/20

13-unit asset trades at nearly $400k/unit

Burbank Development Site Trades in $40 Mil Deal
6/01/20
Eight-acre parcel has already been entitled for 550 res units, a 300-room hotel and retail space

NewMark Merrill Companies and Its Restaurant Partners Provide Meals to Healthcare Workers in CA, CO and IL
6/01/20
Meals for 2,620 workers was firm’s second “Wave of Kindness” following $14,000 in food give-aways to families

Investor Spends $340k/Unit for Hollywood Hills Apartment Building
6/01/20
Five-unit asset was lender-owned and needs major renovation work

Rexford Industrial Realty Closes $14.5 Mil Carson Buy
6/01/20
Firm plans to replace existing improvements with a new 126k sf, single-tenant logistics facility

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