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June 10, 2023
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LOS ANGELES COUNTY HEADLINES
Industrial Parts Depot Inks $12.5 Mil Lease for Carson Facility
6/09/23
Firm relocates into larger, 83k sf space

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



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

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



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

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

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

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

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

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

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

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

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 Angelesí westside

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

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

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

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

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

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

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

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

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

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

Multifamily Building in L.A.ís 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 Commercialís CRE Trends report

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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



 


 


 
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