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September 25, 2020
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LOS ANGELES COUNTY HEADLINES
LifeStance Health Inks Nine Leases in the L.A. Area Deals total over 44k sf
9/24/20
Deals total over 44k sf

Apartment Property in North Hollywood Trades for $194k/Unit
9/22/20
Local investor pays $3.5 mil for 18-unit Vanowen Collection



New Multifamily Development in L.A.ís Sawtelle Japantown Neighborhood is Fully Leased
9/21/20
88-unit The SW is a development of California Landmark Group

Santa Monica Apartment Building Sells at $420k/Unit
9/18/20
15-unit Washington Place was constructed in 1960



Long Beach Multifamily Sales Volume Down 50% for the First Half of 2020 Compared to 2019
9/17/20
Kidder Mathews shares analysis of the market downturn

Gerrity Group Buys 75k sf University Promenade Retail Center in Azusa
9/16/20
CBRE arranges $7.56 mil in purchase money for the deal

Planned DTLA Hotel Project Estimated to Provide Thousands of Jobs and $1.6 Bil Boost to L.A. Economy
9/15/20
Two-tower Angels Landing development still needs city approval

Made Goods Made a Good Deal for New City of Industry Corp HQ Facility
9/15/20
Firm signs long-term lease for 282k sf building

Multifamily Property Covering an Entire Block in Compton Sells for $11.5 Mil
9/14/20
Asset consists of 11 six-unit buildings on nine contiguous lots

Advanced Real Estate Services Secures $240 Mil in Refi Money on Six SoCal Multifamily Assets
9/14/20
NorthMarq Capital arranges new Fannie Mae and Freddie Mac loans

Carson Multifamily Community Opens to the Public
9/11/20
300-unit Evolve South Bay is a development of MBK Rental Living

North Hollywood Apartment Comp Comes in at $219k/Unit
9/07/20
Investor pays $3.5 mil for 16-unit property

Bold Partners Acquires Value-Add Res Property in West Hollywood for $378k/Unit
9/04/20
Eight-unit property is in a desirable location close to Melrose Ave and the Sunset Strip

Performance Machine Takes 54k sf of Industrial Space in Cerritos
9/04/20
Deal is at well-located building owned by Rexford Industrial Realty

El Segundo Apartment Building Fetches $500k/Unit
8/31/20
One of the units is a two-story, four-bedroom apartment

Community Preservation Partners Begins $85 Mil Apartment Rehabilitation in Lancaster
8/31/20
Project will protect 210 affordable housing units through 2056

Van Nuys Apartment Property Sold in $5 Mil Transaction
8/28/20
Private investor pays $283k/unit for Delano Village

Coastline Real Estate Advisors Acquires Four Redondo Beach Apartment Properties for $7.64 Mil
8/27/20
Assets were part of a trust sold by the family of the propertiesí original builder

Historical Multifamily Property in West Hollywood Trades for $875k/Unit
8/27/20
Christina Development sells El Palacio Apartments

L.A. Food Bank Pays $52 Mil for 256k sf Facility in City of Industry
8/25/20
Property sold by Haralambos Leasing Company

SoCal Value-Add Multifamily Portfolio Hits the Market
8/24/20
Listing includes five properties totaling 551 units in Camarillo, Canoga Park, Hollywood and Glendale

Pasadena Multifamily Property Purchased in $19.3 Mil Transaction
8/21/20
69-unit asset was built in 1987

United American Indian Involvement Leases Building Near Downtown L.A.
8/21/20
Agency agrees to $8 mil deal at 31k sf office property

Multifamily Property in L.A.ís Mar Vista Area Trades for $265k/Unit
8/19/20
20-unit asset acquired by OC-based investment entity

US Elogistic Services Corp Leases 232k sf in Vernon
8/19/20
Deal reported to be the largest industrial lease signed in the Central Los Angeles submarket this year, based on square footage

Bellflower Apartment Building Goes for $288k/Unit
8/18/20
Eight-unit property was built in 1985

Newmark Knight Frank Boosts Its SoCal Multifamily Investment Sales Team
8/17/20
Changes enable firm to better assist client needs across multiple industry disciplines

Pasadena Res Portfolio Refinanced with $32.8 Mil in Fannie Mae Money at Record Low Rates
8/14/20
Three of four loans locked in at a 10-year fixed rate of 2.31%

James Malone, Michael Freiberg and Xavier Nolasco Join JLL
8/14/20
Brokerage experts to work out of different SoCal offices



 


 


 
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