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April 1, 2020
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LOS ANGELES COUNTY HEADLINES
Over 50 Acres of Coastal Land in Redondo Beach Sold to a Private Developer
4/01/20
Land is currently the site of the AES Redondo Beach Power Plant

One Santa Fe Res Community in L.A.ís Arts District is Sold
3/30/20
Property consists of 438 rental apartments and 81k sf of commercial space



Kennedy Wilson Renews $500 Mil Revolving Credit Facility
3/30/20
Undrawn credit facility has a four-year term plus one-year extension option

Office Building in the West San Fernando Valley Sells for Almost $300/sf
3/27/20
Property includes three cell towers that generate additional income



L.A. Apartment Property from 1926 Sells for $414k/Unit
3/26/20
Eight-unit asset is located adjacent to cityís Silver Lake neighborhood

RENTV and CA CRE Pros Reeling From the Passing of Jim Wiegandt at Banc of California
3/24/20
Veteran lending executive was highly regarded by his peers

Desirable 30k sf LA-Area Development Site Sells for $22.5 Mil
3/24/20
Property consists of multiple parcels in both West Hollywood and Los Angeles

Meta Housing Corporation and Western Community Housing Finish 33-Unit Affordable Housing Project in L.A.
3/24/20
Metro @ Western is located near the Metro Expo Line and is built to LEED Gold standards

Sares Regis Group Buys The Preston in L.A.'s Miracle Mile Neighborhood
3/23/20
Mesa West Capital provides $65 mil loan for purchase of 169-unit res property

San Fernando Valley Hotel Refinanced with $20 Mil Loan
3/20/20
Sonnenblick-Eichner arranges money for 178-room Carriage Inn

CGI Strategies Secures $47.8 Mil in Construction for Res Project in L.A.ís Koreatown
3/20/20
Loan for 200-unit development arranged by Dekel Capital

Azusa Retail Center Sells for $18.6 Mil
3/18/20
Gerrity Group buys 75k sf University Promenade

Long Beach Apartment Property Sells for $350k/Unit
3/17/20
Seven-unit asset located in cityís Belmont Shore neighborhood

Apartment Building in L.A.ís Silverlake Neighborhood Sells for $355k/Unit
3/17/20
Five-unit asset is rent-controlled

Champion Real Estate Company Spends $14 Mil on Student Housing Community
3/16/20
47-unit property located near the University of Southern California campus

MBK Rental Living Acquires Duarte Land for Res Development
3/12/20
344-unit community to be built in a venture with Haseko Corporation

Sharp Capital and One Cole Group 34k sf Retail Center in Hollywood
3/12/20
$17 mil deal represents third purchase for the joint venture

Historic Building in Downtown Los Angeles Sells for $500/sf
3/12/20
Main Street Trading Group buys 16.4k sf Main Street Trading Group in the Old Bank District

New Culver City Multifamily Project Set to Open to the Public
3/11/20
28-unit 5012 Apartments is Trion Propertiesí first ground-up development

Los Angeles Area Apartment Portfolio Trades for Over $12 Mil
3/10/20
Deal consists of three properties totaling 32 units

Palmdale Warehouse Property Purchased for $15 Mil by Greenlaw Partners
3/09/20
Buyer immediately signs tech company for entire 130k sf facility

Retail Property in West Hollywood Sells for Over $500/sf
3/06/20
City of West Hollywood buys 22k sf asset on Santa Monica Blvd

Ashland Pacific and Integrated Capital Management Team Up in Venture to Acquire West Coast Student Housing Properties
3/05/20
Partnership has already purchased $18 mil portfolio of assets around University of Southern California

Santa Monica Investor Buys in Long Beach
3/05/20
14-unit apartment property goes for $335k/unit

Urban Offerings and Meridian Group to Build 74k sf Creative Office Project at Edge of Culver City
3/05/20
Dekel Capital arranges $59 mil construction loan for the four-story development

Retail Property in Vernon Sells for almost $400/sf
3/05/20
Exchange investor pays $4.75 mil for 12.4k sf building

U.S. Postal Service Leases 52k sf Facility in Warner Center
3/04/20
Building is on a three-acre site owned by Bolour Associates

Xenon Investment Corp Spends $23 Mil on Two LA Area Res Properties
3/03/20
Assets total 104 units and are located in the San Fernando Valley and near Downtown

Investor Exchanges into $4.35 Mil San Fernando Office Buy
3/03/20
Purchase follows sale of auto repair property near LAX

Development of Medical Office Building in Willowbrook is Completed
3/02/20
52k sf MLK Community Health Building developed by Trammell Crow Company on behalf of the hospital and the Los Angeles County Development Authority

Construction Completed on Three Facilities within The Center at Needham Ranch in Santa Clarita
2/27/20
Structures total 451k sf and are part of 252-acre industrial park

Community Preservation Partners (CPP) and Jonathan Rose Companies Acquire 180-Unit Affordable Housing Community in Torrance
2/27/20
Venture to spend $105 mil in acquisition and renovation of Golden West Tower Apartments

Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
2/25/20
Purchases include 4.5 msf in future development projects

Los Angeles Retail Market Sees Nearly $5 Mil in Transactions for 2019
2/25/20
Year-end report from Cushman & Wakefield shows strong leasing and increasing rents for the region

OC Investor Spends $357k/Unit on Long Beach Apartment Property
2/25/20
Two-building asset is located in cityís 4th Street/Retro Row submarket



 


 


 
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