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December 4, 2020

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LOS ANGELES COUNTY HEADLINES

West L.A. Multifamily Sale Comps at $356k per Unit
12/03/20
Private investors trade eight-unit property

Long Beach Apartment Building Trades in $2.4 Mil Transaction
12/02/20

Two-story structure goes for $300k/unit

Draftsmen & Craftsmen
11/27/20

Work Finished on 18k sf Building at Flintridge Preparatory School in La Cañada Flintridge

Cosmetics Firm Buys San Fernando Valley Warehouse
11/25/20
28k sf facility in Chatsworth goes for $6.5 mil

Raintree Partners Buys SoCal Multifamily Portfolio for $142 Mil
11/24/20

Deal is for five properties totaling 551 units in Canoga Park, Camarillo, Glendale and Hollywood

LA North Studios Leases 113k sf Facility at The Center at Needham Ranch
11/23/20

Sound stage firm takes Building 5 of 900k sf, Phase I at Santa Clarita biz park

Rexford Industrial Realty Spends $339 Mil on Two L.A. Area Industrial Buys
11/20/20
Firm picks up almost 1.2 msf of space in Whittier and Sylmar

Janone Development Starts Work on 39-Unit Res Project Adjacent ot L.A.’s Koreatown
11/20/20

Parkview Financial provides $16.6 mil construction loan for the new development

San Fernando Valley Structure Undergoing $4.5 Mil Renovation into a Professional Medical Building
11/19/20

42k sf Tarzana property owned by Greenbridge Investment Partners

Multifamily Property in the Southern San Fernando Valley Goes for $230k/Unit
11/18/20

$27 mil deal is for 118-unit Bechir Apartments in Tarzana

Safco Capital Corporation Makes $11.5 Mil Office Buy in West L.A.
11/17/20

21.7k sf building goes for over $500/sf

VMG Properties Pays $14 Mil for Long Beach Apartment Portfolio
11/17/20

Transaction consists of seven properties totaling 60 units

DrinkPAK Leases 173k sf Industrial Facility at The Center at Needham Ranch
11/16/20

Building is part of 900k sf Phase I at the Santa Clarita business park

Cityview Starts Work on 123-Unit Res Project in L.A.’s Mid-Cities Area
11/16/20

Seven-story development will include 13 affordable units along with retail space

Cohen Asset Management Buys 112k sf Distribution Building in Rancho Dominguez
11/13/20
L.A. area facility fetches over $37 mil

Premier Workspaces to Open 28k sf Coworking Space at West L.A. Office High-Rise
11/12/20

Deal is on 2nd floor at Douglas Emmett’s Executive Tower

Christina Development Corporation Buys 15-Unit Apartment Building in Playa del Rey
11/11/20

Beachfront asset trades for over $700k/unit

Investor Nabs San Gabriel Valley Industrial Building in $7.9 Mil Deal
11/11/20

45k sf facility is in Monterey Park

OHNO Enterprises Buys Glendale Office Building
11/11/20
30k sf multi-tenant property goes for $6.85 mil

Rexford Industrial Realty Closes $15.5 Mil Industrial Buy in L.A.’s South Bay
11/06/20
Firm picks 4.4-acre property with plans to replace the vacant improvements with a larger, modern facility

Prodege Leases 35k sf El Segundo Creative Office Space
11/05/20

Firm to use location as its headquarters

Res Project North of DTLA Secures $37 Mil in Construction Financing
11/03/20

Parkview Financial provides loan for 112-unit development near Glassell Park

Premier Workspaces and California Home Builders Introduce Q Work in Woodland Hills
10/29/20

Project creates 6k sf of workspace within a luxury res community in the West San Fernando Valley

Rexford Industrial Realty Spends $22 Mil on Sylmar Industrial Asset
10/27/20

Two-building industrial park on 6.5 acres to be redeveloped

USC Inks Renewal/Extension Lease at The Alhambra
10/26/20

Deal gives them 88k sf of office space at San Gabriel Valley campus

Local Developer Spends $4.7 Mil on Fully Entitled Site in Bell Gardens
10/27/20

2.47 acres planned for 48-unit res project

Beverly Hills Mixed-Use Property Goes for Over $1,200/sf
10/27/20

30k sf building fetches $36 mil

Burbank Apartment Portfolio Trades for First Time in Over 30 Years
10/27/20
Two-building, 84-unit sale comes in at about $31 mil

New Retail Center Completed by Primestor at Redeveloped Mixed-Use Community in South Central L.A.
10/26/20

114k sf Freedom Plaza within Jordan Downs complex designed by Nadel Architecture + Planning

BLT Enterprises Spends $9.3 Mil on Creative Office Property
10/26/20

16k sf asset is in West Los Angeles

DTLA’s Union Bank Plaza Nominated as a Historical Landmark by the Los Angeles Conservancy
10/22/20

700k sf office tower and retail plaza undergoing a $20 mil renovation

Innova Medical Group Inks Lease for 15k sf of Office Space in Pasadena
10/23/20

COVID-19 antibody test firm inks 10-year deal at Pasadena Towers

Local Developer Spends $3.75 Mil on Entitled Site in Hollywood
10/21/20

Buyer to start work on 39-unit res project

Rexford Industrial Realty Closes Two Industrial Purchases and Three Sales in Deals Totaling $72 Mil
10/21/20
The acquisitions consist of a container storage facility in Santa Fe Springs and a 6.5-acre Sylmar dev site with 140k sf of existing improvements

ELK Development Locks in $14 Mil for Development of Hollywood Micro-Unit Res Project
10/19/20

George Smith Partners arranges construction loan for opportunity zone development

Investors Trade San Gabriel Valley Multifamily Asset in $9.7 Mil Deal
10/16/20

The Azusan trades for $220k/unit

Final Phase Completed at California Landmark Group’s G8 in Marina del Rey
10/15/20

$120 mil project will add 228 res units and 25k sf of office space to area’s Marina Arts District

Burbank Res Property Sells for $307k/Unit
10/15/20
21-unit The Capri was built in 1967

Nome Ventures Spends $55 Mil on Office Tower in L.A.’s South Bay
10/15/20

Purchase of 237k sf Pacific Gateway in Torrance financed with $39 mil loan

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