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• Total Safety U.S. Leases 52k sf Facility in L.A.’s Harbor Gateway Area
12/03/24
Total Safety U.S. Inc signed a seven-year lease worth $5.5 mil for a 52.6k sf industrial facility in the Harbor City area of Los Angeles. The property, located at 1405-1407 240th St, west of the 110 Fwy and north of Sepulveda...
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• USC Team Wins Silver Shovel at NAIOP SoCal’s Annual Real Estate Challenge
12/02/24
A five-member graduate student team from USC took home the silver shovel as the winner of the 27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge, held November 21 at USC.
The competition featured five-member graduat...
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• Grocery Outlet Leases Former Rite Aid Space in Hollywood
12/02/24
Grocery Outlet has leased a 16.5k sf former Rite Aid space within the Gower Shopping Center in the heart of Hollywood. The property is located at 6130 W Sunset Blvd, at the prominent, signalized intersection of Sunset Blvd an...
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• Owner/User Pays $10 Mil for Torrance Industrial Building
11/27/24
A 25.2k sf industrial building in Torrance was purchased for $10.2 mil ($405/sf) by George Giourof of KB Delta, a family-owned manufacturing and supply business.
The free-standing building, located at 3171 Fujita St, sits o...
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• Monrovia Medical Office Building Trades for Nearly $400/sf
11/27/24
Huntington Professional Center, a 20.6k sf, professional office and medical center in Monrovia, sold for $7.65 mil ($371/sf). The two-story building, located at 831 E. Huntington Drive, is 100% occupied.
The property is 20.6...
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• Canyon Creative Design Leases Adjacent Creative/Office Buildings in Hollywood
11/22/24
Los Angeles-based Canyon Creative Design has inked a long-term lease for two adjacent, creative office/flex buildings totaling 14.4k sf in Hollywood. The firm plans to use the buildings, located at 6165 and 6121 Santa Monica ...
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• L.A. Investor Buys 250k sf San Gabriel Valley Shopping Center
11/19/24
Huntington Oaks Center, a 250.8k sf community shopping center in Monrovia, was acquired by an L.A.-based investor. The center is located at the intersection of Route 66 (Huntington Dr) and the Huntington Drive off-ramp of the...
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• Ballard Partners Spends Over $3 Mil for Hollywood Office Building
11/15/24
Brian Ballard of Ballard Partners picked up an office property in Hollywood for $3.25 mil. The property, located at 747 Seward St, is adjacent to a Class A office building at 743 Seward St that Ballard purchased for $10.95 mi...
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• Real Estate Development Associates and Clarion Partners Finish Work on 250k sf Industrial Project in Central L.A.
11/12/24
Construction has wrapped up on Union Commerce Center, a brand new 253.3k sf, Class A warehouse/distribution facility in central Los Angeles. Situated on over 11 acres at 3690 E Union Pacific Ave, the project was built by a ve...
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• AutoZone Leases 16k sf Store Space at Monrovia Plaza
11/11/24
AutoZone inked a 10-year lease for a 15.8k sf store space within Monrovia Plaza, a 140k sf retail center located at 300 W Huntington Drive in Monrovia,
With this lease Monrovia Plaza is now fully occupied by 17 tenants and i...
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• Commercial Real Estate Financing Briefs
11/11/24
GANTRY -- Gantry’s George Mitsanas, Braden Turnbull and Austin Ridge secured a $55.9 mil purchase money permanent loan for the acquisition of the Huntington Oaks retail center located at 500-600 W. Huntington Dr in the city o...
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• Second Phase of Downtown Burbank Mixed-Use Development is Finished
11/06/24
The second phase of First Street Village in Burbank has been completed. The project is a modern, three-phase mixed-use apartment community located at the intersection of First St, and Magnolia Blvd in the city’s downtown.
T...
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• Arete Venture Partners Buys 78k sf SoCal Industrial Asset
11/05/24
Arete Venture Partners purchased Pomona East Commerce Center, a six-building, 78.2k sf industrial center in Pomona. The price was not given out.
The center is situated on 4.34 acres at 310-380 South East End Aven and 1605 an...
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• Santa Monica Jiffy Lube Property Sells for $899/sf
11/05/24
A 4.6k sf retail property in Santa Monica sold for $4.05 mil, or $899/sf. The property, situated on a 13.5k sf lot at 2344 Pico Blvd, is occupied by Jiffy Lube on a NNN lease.
The lease began on February 1, 2012, and extends...
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• United Way of Greater Los Angeles Leases Full Floor at DTLA Office Tower
11/01/24
In a downtown Los Angeles office lease, United Way of Greater Los Angeles signed a 15-year deal for a 22.1k sf, full floor at 515 South Figueroa St. The firm will relocate to its new ninth floor space in April 2025.
515 Sout...
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• Jamison and Arc Capital Partners Start Work on Conversion of L.A. Office Building into 236-Unit Res Tower
11/01/24
Jamison, in a joint venture with Arc Capital Partners, has started the conversion of a 13-story, 233k sf office building in L.A.’s Mid-City area into a mixed-use development with 236 multifamily units and 15k sf of street-lev...
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• City of Industry Industrial facility Fetches $60 Mil
10/29/24
A 282.4k sf industrial property in the City of Industry was acquired for $59.9 mil ($212/sf) by Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant. Built in 1981, the property is located ...
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• L.A. Area Industrial Redevelopment Site Sells for Over $32 Mil
10/24/24
A 124.5k sf, LA-area industrial property has traded for $32.425 mil in an acquisition viewed as a strong redevelopment opportunity. The property, situated on 7.22 acres at 16930 Valley View Ave in La Mirada, has entitlements ...
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• Bellflower Apartment Property Sells for $175k/Unit
10/22/24
A 32-unit multifamily property in the city of Bellflower traded for $5.6 mil, or $175k/unit. The property, located at 15741 Blaine Ave, was acquired by a private investor.
Built in 1955, the property at 15741 Blaine Avenue o...
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• Unique L.A. Area Theater Property Hits the Market
10/22/24
Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is lo...
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