Industrial Parts Depot Inks $12.5 Mil Lease for Carson Facility
6/09/23
Firm relocates into larger, 83k sf space

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TailoredSpace is Coming to San Juan Capistrano
6/09/23
Co-working firm is building out a new 14k sf center

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New AC Hotel by Marriott Gets Underway in Pasadena
6/08/23
194-room project is being built by R.D. Olson Construction for Welcome Group Inc

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Flex/Office Building in El Segundo’s Superblock Area Goes for $6 Mil
6/07/23
Diamond Realty Holdings buys 14.4k sf structure

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Colliers Lands Leasing and Management Assignment for EY Plaza in DTLA
6/05/23
41-story tower is in receivership

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Pasadena Child Development Associates Leases 16k sf of Pasadena Office Space
6/01/23
Deal is for two adjacent buildings

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EverWest Real Estate Investors Buys 101k sf Warehouse in Carson
5/26/23
Facility is fully leased to FLS Warehouse and Distribution

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Turnbridge Equities Buys 3.6 Acres of Land in Rancho Dominguez
5/25/23
Site supports development of a 73k sf Class A warehouse

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Puratos Corporation Leases 87k sf Gardena Facility
5/25/23
New Class A warehouse owned by Rexford Industrial Realty

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Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
5/24/23
New 194-key property will operate as an AC by Marriott hotel

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Long Beach Apartment Building Goes for $275k/Unit
5/24/23
Four-unit structure was originally built in 1914

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New Mercedes-Benz Classic Center Completed in Long Beach
5/23/23
41k sf showroom and multi-use facility designed by Hendy

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Avison Young Awarded Leasing Assignment for 337k sf Office Highrise in Brentwood
5/23/23
LaSalle Investment Management is asset manager for Class A tower on Los Angeles’ westside

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New 55k sf Dining Hall Completed as Part of Renovation at Westfield Topanga Center
5/22/23
Creative venture is a collaboration between PGAL, AvroKO, and AO

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Los Angeles First Quarter Industrial Leasing Activity Lowest Since 2014
5/22/23
Cushman & Wakefield shares update on the market

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South Bay Office Building Picked Up for $24.75 Mil
5/18/23
Borstein Enterprises affiliate expects Torrance property to benefit from recent conversion plans to industrial of neighboring office properties

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Long Beach Medical Office Building Fetches $29 Mil
5/16/23
69k sf structure sold by Jamison Properties

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Worthe Real Estate Group and Stockbridge Real Estate Fund Finish Work on 800k sf Development in Burbank’s Media District
5/16/23
Second Century is fully leased to Warner Bros

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Escapology Escape Room Commits to Trio of CA Locations
5/15/23
Franchise signs leases in Northridge, San Francisco and San Ramon totaling 15k sf

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Santa Monica Medical Office Building Sells for $1,667/sf
5/12/23
Well-located property goes for $5 mil

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Pomona Industrial Property Trades for $2.8 Mil
5/11/23
35k sf site includes some obsolete buildings

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BKM Capital Partners Closes $25 Mil Purchase of San Fernando Valley Industrial Campus
5/10/23
Firm pays $300/sf for Valley East Industrial Park

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Long Beach Apartment Property Gets New Owner in $5 Mil Deal
5/07/23
Two-building asset goes for over $300k/unit

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Multifamily Building in L.A.’s Koreatown Sells for Over $200k/Unit
5/05/23
$9.75 mil sale of The Avalon Apartments closes prior to deadline for avoiding Measure ULA taxes

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Partners Capital Buys South Bay Biz Campus
5/04/23
Purchase is of 38k sf Carson Business Park

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Commercial Real Estate Financing Briefs
5/04/23
$100 mil in deals from Talonvest Capital, Northmarq and Gantry

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Naked Wardrobe to Dress Up Calabasas Facility after HQ Purchase
5/03/23
Clothing firm buys 90k sf building for expansion/relocation from Northridge

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Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil
5/03/23
Five of the assets are in the San Fernando Valley while the sixth is in West L.A

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Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased
5/02/23
Beverage manufacturer takes the final two buildings totaling almost 200k sf

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Premier Workspaces Opens Shared Workspace at Iconic Fox Plaza in Century City
5/01/23
New location boasts state of the art amenities and unparalleled views

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Prologis Inks Weee Deal in Santa Fe Springs
5/01/23
Asian/Hispanic e-grocer leases 147k sf industrial facility

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NAI Capital Commercial Launches Property Management Service
4/26/23
Capital Commercial Management to be led by Justine DelMonico

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Master-Planned 34-Acre Development Site in the Santa Clarita Valley Offered for Sale
4/26/23
The Bluffs at Valencia allocated for 650k sf of commercial space for various uses

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Renovation Work on Multifamily in L.A.’s Victor Heights Neighborhood Completed
4/25/23
Units at 920 Everett boast upscale interiors and views of the Los Angeles skyline

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Colliers Awarded Leasing and Management of DTLA Office Tower
4/24/23
Assignment is for 1.368 msf Gas Company Tower

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San Fernando Valley Apartment Building Sells for $231k/Unit
4/24/23
13-unit property is in Van Nuys

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J&L Realty Partners Pays $23 Mil for Hollywood Office Property
4/24/23
Building sits along Hollywood Walk of Fame

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Downtown L.A. Multifamily Property Sells for $17.5 Mil
4/21/23
42-unit The Mint was originally built as an office building in 1923

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ZEALOT Leases Top Floor Space at Hollywood High-Rise
4/20/23
Firm inks deal for 13k sf of space at Hollywood Entertainment Plaza

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Redcar Fund Management Closes Second Fund with $418 Mil in Equity Commitments
4/19/23
Firm to expand investment acquisitions into Austin, Texas

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Two Desirable Covered Land Listings in West Hollywood Hit the Market
4/19/23
Kennedy Wilson is marketing potential res redevelopment opportunities along Fairfax Ave

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Historic Building in Downtown Los Angeles Acquired for Conversion into a Boutique Hotel
4/18/23
The Garfield Building, built in 1929, goes for $19 mil

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Res Property in L.A.’s Koreatown Neighborhood Goes for $238k/Unit
4/13/23
30-unit building sells for $7.15 mil

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George Urban Advisors, Five Horizons Partners and DRA Advisors Pick Up 851k sf SoCal Industrial Portfolio
4/12/23
Purchase consists of seven properties in Orange and L.A. Counties

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NewMark Merrill Companies Acquires 84k sf San Fernando Valley Retail Center
4/12/23
Firm to implement improvements at Corbin & Parthenia center in Northridge

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Commercial Real Estate Vacancy Rates in L.A. County Continue to Rise
4/11/23
Multifamily rents increased, while office, industrial, and retail rents fell, according to NAI Capital Commercial’s CRE Trends report

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Capital Improvement Program Well Underway at 597-Unit Marina del Rey Res Community
4/11/23
Equity Residential spending $45 mil to update Pearl Apartments

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Van Nuys Industrial Building Sells for $351/sf
4/10/23
Multi-tenant building in the Valley fetches $17 mil

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Warner Center Property Goes for $137/sf in Land Value
4/07/23
1.2-acre site to be redeveloped into multifamily and hotel space

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BKM Capital Partners Spends $25 Mil on 84k sf Biz Park in the Eastern San Fernando Valley
4/06/23
North Hollywood asset to undergo capital improvement program

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Two Manufacturing Buildings in Chatsworth Acquired for $20 Mil by Cosmetics Firm
4/05/23
San Fernando Valley structures total 78k sf

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Elat Properties Acquires DTLA Office Tower in $46 Mil Transaction
4/05/23
215k sf 801 South Grand sold by CIM Group

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Advanced Real Estate Acquires Iconic Edison Tower in Downtown Long Beach
4/04/23
Former office building was converted to 156 res units in 2016

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Downtown L.A. Office Tower Trades in $111 Mil Transaction
4/03/23
Purchase of 702k sf Union Bank Plaza financed with $75 mil loan

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West L.A. Office Building Finds New Owner in $9.3 Mil Deal
4/03/23
Four-story structure goes for $451/sf

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Construction Started on 292-Unit San Gabriel Valley Res Community
4/03/23
Solana at Duarte Station in Duarte is a development of MBK Rental Living and Haseko Corporation

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Local Law Firm Pays $2.9 Mil for Studio City Mixed-Use Property
3/31/23
6.6k sf structure contains a res triplex and five office spaces

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Positive Investment Spends $8 Mil on 34 Res Units in Lawndale
3/31/23
Firm pays $241k/unit for two-property portfolio

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TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
3/31/23
Former Promenade at Howard Hughes Center sold by Laurus Corp and Torchlight Investors at a significant loss

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San Fernando Valley Industrial Building Goes for $274/sf
3/30/23
26k sf facility is in Van Nuys

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Haven Warner Center Res Community Trades in $54 Mil Transaction
3/29/23
LA Apartments buys 205-unit asset in the West San Fernando Valley

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Apartment Property in L.A.’s Mar Vista Area Sells for Over $500k/Unit
3/29/23
31-unit Coral Tree Apartments acquired by private investor for $15.9 mil

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Golden Bee Properties Wraps Up $39.5 Mil Res Buy in Sylmar
3/28/23
Deal is for 200-unit Mountain View Manor

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Single-Tenant Industrial Building in Carlsbad Gets New Owner in $11.8 Mil Deal
3/24/23
32k sf facility sits on over two acres

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Class B Office Building in Woodland Hills Bought for $173/sf
3/23/23
Buyer to reposition the asset to meet changing needs in the area

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Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
3/23/23
Hackman Capital’s 120k sf The Culver Steps mixes 11 retailers with Amazon Studios-occupied office space

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GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
JLL arranges $84 mil in construction money for Overland and Ayres project

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Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
The company has a portfolio of over 9.5 msf in the state

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North Palisade Partners Opens First Self Storage Development
3/15/23
New facility features 1,500 units

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West Los Angeles Apartment Building Trades for $428k per Unit
3/14/23
Deal is for 27-unit The Glendon Apartments in the Palms area

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Kidder Mathews SoCal Growth Leads to Opening of New Office in the San Fernando Valley
3/09/23
Brokers joining the new location include Joe Bellavia, Ryan McKenzie, Jack Roney, Jordan Fischer and Austin Grant

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Commercial Real Estate Financing Briefs
3/08/23
Recent transactions from CBRE Capital Markets, MetroGroup Realty Finance, JLL Capital Markets and Marcus & Millichap Capital Corporation

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Lewitt Hackman Renews Its 23k sf Encino Office Space
3/08/23
10-year deal is said to be worth around $10 mil

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Kairos Investment Management and Harbor Associates Buy Hollywood Office Tower
3/07/23
Purchase of 208k sf 6922 Hollywood Blvd viewed as distressed asset opportunity

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New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge a development of Meta Housing and The People Concern

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A New Large-Lease Leader: Finance and Insurance Industry Signed More of the Top 100 US Office Leases in 2022 than Tech Industry
3/06/23
Los Angeles among the top 10 markets for its share of square footage of the top-100 leases

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Palmdale Retail Asset Purchased for $458/sf
3/03/23
12k sf property is part of 450k sf Palmdale Marketplace

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Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Four multifamily buildings are first phase of the firm’s Santa Monica Collection development

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Thinkwell Relocates Well in Burbank
3/02/23
Production agency takes 14k sf at Empire Studios building

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Downtown L.A. Real Estate Showing Steady Growth Starting Off 2023
3/01/23
New report from Downtown Business Center Improvement District highlights improving sectors in a region being transformed by a growing mixed-use market

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Covina Industrial Building Sells for $7.25 Mil
2/27/23
Owner/user picks up vacant 32k sf facility

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Lew Horne to be Inducted into NAIOP SoCal Hall of Fame
2/24/23
CBRE President of the Greater Los Angeles, Orange County and Inland Empire regions to be recognized at 2023 Industry Awards Gala

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Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property
2/24/23
Deal was funded with $86 mil loan provided by iBorrow and Reuben Brothers

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Office Building in West Covina Gets New Owner in $22 Mil Trade
2/23/23
Atrium on the 10 goes for $220/sf

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Palmdale Office Building Trades for $369/sf
2/23/23
58k sf structure is 94% leased to government entities

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Mitch Stokes Joins Avison Young as Principal
2/17/23
SoCal office and retail pro will be based in the firm’s West Los Angeles office

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Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
2/16/23
Belle on Bev is expected to be finished in fourth quarter 2023

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Brookfield Entity Defaults on $784 Mil of Loans on Two DTLA Office Towers
2/16/23
Loans are on the Gas Company Tower and 777 South Figueroa

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San Fernando Valley Retail Center Trades in $58 Mil Deal
2/15/23
Gerrity buys 137k sf Victory Plaza from Kennedy Wilson

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Redevelopment Site in South Los Angeles Trades for Just Over $3 Mil
2/14/23
Buyer plans to build affordable housing on the land

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Owner/User Spends $5.5 Mil on Industrial Building in Lawndale
2/13/23
16.7k sf facility goes for $331/sf

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Private Investor Buys 1.25-Acre Retail Property in Long Beach
2/10/23
Dollar Tree- and Family Dollar-occupied asset sold by Ramser Development Company

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Alliant Strategic Development Starts Work on Four Res Projects in the San Fernando Valley
2/09/23
Transit-oriented developments to add over 700 affordable housing units to the region

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Two L.A. Area Multifamily Refinancings Total $14.7 Mil
2/07/23
New loans arranged by Northmarq

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