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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area
10/20/23
Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen.
The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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• AIDS Healthcare Foundation Spends $20 Mil on Carson Distribution Facility
10/19/23
The AIDS Healthcare Foundation has purchased a 54k sf warehouse/distribution facility in the City of Carson for $20 mil ($370/sf). Constructed in 2002, the property is located at 18421 South Main St.
The freestanding, concre...
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• Sports Bar 33 Taps Leases Ground Floor Space at Moxy/AC Hotels Development in Downtown Los Angeles
10/19/23
Los Angeles-based sports bar 33 Taps has leased 7.9k sf of space on the ground floor of the recently opened Moxy/AC Hotels development in downtown Los Angeles. The 727-key hotel project is located at 1240 S. Figueroa St, acr...
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• Commercial Real Estate Financing Briefs
10/18/23
MARCUS & MILLICHAP CAPITAL CORPORATION - Rick Judge with Marcus & Millichap Capital Corporation arranged $21.8 mil in financing for the purchase of Kaleidoscope Center, a retail shopping mall with office space located at 2774...
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• LAX Freight Delivery Leases 123k sf Facility in the City of Commerce
10/18/23
Third party logistics firm LAX Freight Delivery Inc has signed a lease for an entire 123.1k sf industrial building in the City of Commerce. The site, covering seven acres at 2187 Garfield Ave, represents a relocation from a s...
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• Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry
10/17/23
Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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• Hawthorne Mall Property Listed for Sale by The Charles Company
10/17/23
The Charles Company has listed the Hawthorne Mall property in L.A.’s South Bay area for sale or long-term ground lease. The vacant property consists of a roughly 1 msf shopping center situated on about 25 acres.
The propert...
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• Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility
10/17/23
In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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• Compton Warehouse Gets New Owner in $16 Mil Trade
10/16/23
A 43.5k sf warehouse property in Compton was purchased by a private investor in a $16 mil ($368/sf) transaction. The property is located at 1303 West Walnut Pkwy, east of Central Ave and just north of the 91 Fwy.
The propert...
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• Calabasas Office Complex Trades to Investment Entity of Local Industry Pros
10/12/23
Calabasas Courtyard, a three-building office project located in the western San Fernando Valley city of Calabasas was acquired by Calabasas Courtyard LLC, an investment entity comprised of industry veterans Brian Forster of ...
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• NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus
10/11/23
The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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• Two Recent Long Beach Apartment Sales Total Over $7 Mil
10/11/23
Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit).
In one of the transactions, a seven-unit multifamily property at 122 E....
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• Los Angeles County Industrial Market Shifts Amid Supply Surge in Vacant Sublease Space
10/10/23
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The industrial market in Los Angeles County underwent a complete turnaround as it shifted away from the relentless demand for wareho...
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• Office/Flex Building in the San Gabriel Valley Trades in $25 Mil Deal
10/10/23
A 122k sf office/flex building in the San Gabriel Valley city of Monrovia traded for $25 mil, or $205/sf. Located at 222 E. Huntington Dr, the asset is the largest office building ever sold in the city and also fetched the hi...
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• Hoonie Kang Promoted to Managing Partner at Kearny Real Estate Company
10/09/23
Hoonie Kang has been promoted to Managing Partner at Kearny Real Estate Company. In his new role, Kang will oversee the day-to-day operations of the firm, allowing Kearny Founder and Chairman Jeff Dritley to focus on bigger p...
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• Mixed-Use Project in L.A.’s Los Feliz Neighborhood Lands $90 Mil Refi
10/09/23
A joint venture of LaTerra Development and Clarion Partners has secured $90 mil in refinance money for The Louise, a newly constructed, upscale multifamily mixed-use property in L.A.’s Los Feliz neighborhood. The project, fea...
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• Renovation Completed on California Community Foundation HQ in DTLA
10/06/23
The new 54k sf, California Community Foundation (CCF) HQ facility is now open. Designed by SRK Architects Inc, the renovation project entailed both an interior and exterior redesign of the four-story building, located at 717 ...
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• Commercial Real Estate Financing Briefs
10/06/23
NORTHMARQ - Northmarq’s Aaron Beck, Wyatt Campbell and Conor Freeman, in partnership with Mikee Anderson-Mitterling of Ballast CRE, secured a $46.5 mil refinance for Union Apartments, a 170-unit apartment community in Chula V...
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• City of Industry Facility Finds New Tenant in Action-Packed Deal
10/04/23
Action Sales signed a 64-month, $25 mil lease with an option to extend on a 181.7k corporate office and distribution property in City of Industry. Action Sales will use the property, located at 17708 Rowland St, as its corpor...
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