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July 2, 2015
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LOS ANGELES COUNTY HEADLINES
Major Renovation Started on 300k sf South Bay Retail Center
7/02/15
Vestar begins multi-million dollar project at Peninsula Center in Rolling Hills Estates

USC Student Housing Property sells for $482k/Unit
7/01/15
Private investor pays over $5 mil for Verona Apartments

Eagle Group Finance

BentleyForbes Relocates HQ to Center West Tower in Westwood
7/01/15
Firm inks deal for 6k sf of space

San Fernando Valley Apartment Comp Comes in at $143k/Unit
6/30/15
15-unit property was built in 1963

Lone Oak Fund

West San Fernando Valley Multifamily Property Traded in $9 Mil Deal
6/29/15
Parkwood Apartments in Tarzana sells for $176k/unit

Neotech Products Buys 22k sf Santa Clarita Industrial Facility
6/26/15
Firm spends $2.78 mil on building to accommodate growth needs

West San Fernando Valley Apartment Community Sells for Over $26 Mil
6/26/15
CORES Management pays $325k/unit for The Verandas

Half-Vacant Cerritos Retail Center Acquired by Owner/User in $9.6 Mil Deal
6/25/15
Buyer to occupy 27k sf space in 44k sf property

The Muller Company and GreenOak Real Estate Acquire 367k sf South Bay Office Complex for $62 Mil
6/25/15
Venture to rename and transform Del Amo Financial Center in Torrance

Foremost Companies Picks Up Two SoCal Retail Properties
6/24/15
Firm buys Ranch Center and Oak Tree Plaza in Diamond Bar

Recent Activity at Downtown LA Office Building Includes Five Leases
6/24/15
Signings are at former Union Oil Company building at 617 West Seventh Street

Sherman Oaks Apartment Building Trades for Nearly $500k/Unit
6/24/15
Japanese construction company buys 34-unit Vista Modern

Venture West Funding Arranges Over $18 Mil in REfi Money of Three LA Area Apartment Properties
6/24/15
Buildings are in Hollywood, North Hollywood and Encino

Trio of New Restaurants Set to Open Luxury Res Project in Santa Monica
6/23/15
Joan’s on Third™, Herringbone and eLOVate have inked deals at Related California’s Ocean Avenue South

Physician Investor Group Buys Pasadena Office Building
6/22/15
17k sf property sells for over $600/sf

Laurus Corporation Acquires 250k sf Promenade at Howard Hughes Center
6/22/15
Retail buy is valued at $100 mil before the new owner moves forward with $30 mil facelift

LA-Area Single-Tenant Bank Property Sells for $700/sf
6/19/15
Hong Kong investor buys 7.3k sf Citibank building in Monrovia

Los Angeles Industrial Comp Comes in at $183/sf
6/18/15
48k sf facility at edge of downtown sells for $8.8 mil

Torrance Affordable Housing Project is Completed
6/18/15
Cabrillo Family Apartments offers 44 units of workforce housing

Grapevine Development Buys 3.7-Acre Parcel within 60-Acre El Monte Gateway Project
6/17/15
Purchase funded with short-term loan from Eagle Group

Transit-Adjacent Dev Site Next to Burbank Bob Hope Airport to Be Sold
6/17/15
59-acre “Trust Property” put on the market by the city of Burbank

Longtime Venice Restaurant Fav Finds New Home in Playa Vista
6/16/15
Recently closed Hal’s Bar and Grill to open 4.7k sf location at new mixed-use development on LA’s Westside

Universal Shipping Leases 142k sf Pomona Facility
6/16/15
Firm inks $9 mil deal to accommodate expansion needs

Inaugural Connect Conference in Los Angeles Opens to Strong Turnout
6/15/15
Recent event included a State of the California Economy presentation from Christopher Thornberg

Long Beach Mixed-Use Building sells
6/12/15
Older property contains 18 res units over six ground-floor retail spaces

George Smith Partners Arranges $30 Mil for Three Res Developments in LA’s Koreatown Neighborhood
6/12/15
Construction loans are for projects that will add 117 units to the area

Construction Well Underway on Downtown LA’s Wilshire Grand High-Rise
6/09/15
Dramatic aerial photo provides a look at the current status of the project

Redondo Beach Building Sells for $192/sf
6/09/15
Montana Avenue Capital Partners buys 50k sf office/industrial asset for rebranding into creative space

Newest Tenant is Sure to Excel at Chatsworth Building
6/08/15
Dental laboratory signs 11-year lease



 


 
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