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February 23, 2019
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LOS ANGELES COUNTY HEADLINES
Westport Properties Buys Land Parcel in East Los Angeles
2/22/19
Firm to build a 152k sf self-storage facility on the site

Luxury Residential Development Opens in Glendale
2/21/19
494-unit NEXT on Lex is said to be the largest for-rent residential development in LA County since 2016



Blatteis & Schnur Inc Buy 15k sf Property along Santa Monicaís Third Street Promenade
2/21/19
$24.5 mil acquisition financed with $17.6 mil loan arranged by HFF

Driverless Car Company Cruises into Pasadena
2/20/19
GM Cruise inks $11 mil lease for 47k sf of office space



Spaces Takes More Space in Santa Monica
2/19/19
Coworking firm leases 69k sf at The Water Garden

Construction Quick Take
2/18/19
Work is underway on Lowe Enterprisesí Ivy Station in downtown Culver City

Relevant Groupís 190-Room Boutique Hollywood Hotel Planned for Completion in 2020
2/18/19
Construction of Thompson Hotel funded with $63 mil loan from Calmwater Capital

Culver City Office Complex has Seen 97k sf in Leasing Activity since Redevelopment over Two Years Ago
2/15/19
Olive Hill Group has brought occupancy from 72% to 95% during that time

Optimus Properties Exchanges $15.75 Mil in Torrance Office Building
2/14/19
Deal is for 61k sf property fully occupied by Los Angeles County Department of Children and Family Services

Sun Valley Apartment Property Goes for $192k/Unit
2/12/19
26-unit asset provides the buyer with value-add opportunity

Two Hollywood Apartment Properties Trade for $211k/Unit
2/11/19
Both buildings were constructed in the mid-1950s

High-Rise Res Tower Breaks Ground in L.A.íS Koreatown
2/08/19
25-story, $300 mil project is a development of Hankey Investment Company LP and Jamison Properties LP

Apartment Property in the Hollywood Area Sells for Just over $200k/Unit
2/07/19
Investors trade 21-unit property in $4.25 mil deal

The Roy at Overland Adds 92 Res Units to West L.A.ís Palms Neighborhood
2/06/19
Housing project was designed by KFA for Anejo Development LLC and Griffin Opportunities LLC

Draftsmen & Craftsmen
2/05/19
Work finished on $73 mil student services building at Cal Poly Pomona

Trion Properties to Build 45-Unit Res Project with Kettner Construction in L.A.ís Mid-Wilshire
2/05/19
Project is on a well-located and previously entitled site

Older San Fernando Property to Be Converted into Creative Office Campus
2/05/19
Alvarez & Marsal Capital Real Estate LLC acquires 4.3-acre site in Tarzana for redevelopment

Commercial Real Estate Financing Briefs
2/05/19
Recent transactions from Avison Young, NorthMarq Capital, George Smith Partners and Mission Capital Advisors

Bridge Development Partners is Thinking Inside and Outside the Box
2/04/19
Firm picks up 261k sf industrial redevelopment property on the south end of downtown L.A.

BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
2/04/19
In latest buy, firm spends $16.6 mil on two properties containing 99k sf

Universe Holdings Adds to Its Growing Multifamily Portfolio in Inglewood
1/31/19
Firm buys 15-unit property near the new NFL stadium for the Rams and Chargers

L.A. Area Assisted Living Project on Track with $59 Mil in Financing
1/30/19
Dekel Capital arranges money for Willis Developmentís 113-bed facility in Glendale

Overseas Investors Spend $4.5 Mil on Two Long Beach Apartment Properties
1/28/19
The 1980s assets total 14 units

Apartment Complex in L.A.ís Echo Park Neighborhood Sells for Over $25 Mil
1/28/19
Institutional investor pays $386k/unit for 47-year-old property just outside of downtown

Korean Game Developer NHN Global Pays $595/sf for Historic DTLA Building
1/25/19
37k sf Pettebone Building sold by RYDA for $22 mil

SVN Expands Its SoCal Footprint with Two New Partner Firm Arrangements
1/24/19
Company brings ECP Commercial into the fold in San Diego, and acquires broker team from Advisors Real Estate in DTLA

Glendale Office Property Snagged by Private Investor in $5.9 Mil Deal
1/24/19
14.5k sf building trades for just over $400/sf

Self-Storage Facility Becomes the Latest Gelt-y Pleasure for L.A. Real Estate Firm
1/24/19
Company spends $16.5 mil on 665-unit property in South Pasadena

Rexford Industrial Realty Picks Up Two SoCal Assets in Deals Worth $27.6 Mil
1/23/19
Latest purchases are in Garden Grove and Valencia

North Hollywood Industrial Listing Generated So Many Interested Bidders Some Had to Be Turned Away
1/21/19
22.5k sf property sold for $222/sf

Historic Former Herald Examiner Building in DTLA to Be Redeveloped
1/21/19
HFF arranges $56 mil bridge loan for The Georgetown Company to restore 100k sf property

Long Beach Apartment Building Sells for $220k/Unit
1/18/19
20-unit asset was built in 1963

Triscenic Studios Leases 142k sf Valencia Facility
1/18/19
$7.7 mil deal is for a new entertainment industry firm

Santa Clarita Studios Leases 109k sf Industrial Facility in Valencia
1/17/19
Building had been occupied by a printing company



 


 
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