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April 15, 2024
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• Long Beach Multifamily Property Fetches $337k/Unit
An eight-unit multifamily property in Long Beach sold for $2.7 mil ($337.5k/unit) in the assetís first trade since it was built nearly 40 years ago. Built in 1985, the 8.4k sf apartment building is located on a 6k sf lot at 2...
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• Bolour Associates Buys Neighborhood Retail Center in L.A.ís Mid-City Area
Bolour Associates Inc has acquired a 7.5k sf neighborhood retail strip center in Los Angeles for $4.45 mil ($593/sf). The center is located at 5151 W. Pico Blvd, within the Mid-City submarket, just east of Fairfax Ave. The p...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil. Built in 2022, the property is located at 5501-5513 Laur...
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• Iconic Theater Property in L.A.ís Westwood Village Trades
Hereís news of an interesting property trade we wanted to share, even though we donít have that much info, although we do have this cool drone pic. The property is the iconic Fox Village Theatre, located at 945 Broxton Ave an...
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• Apartment Property in L.A.ís Koreatown Trades for $200k/Unit
Catalina Tropics, a 32-unit apartment complex in Los Angelesí Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction. The complex, located at 455 S Catalina St, is situated within a serene, tree...
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• Gaming Firm Com2uS Inks Deal for Hollywood Office Space
In Hollywood, Com2uS agreed to a long-term lease for 12k sf of office space at Kilroy Realtyís Sunset Media Center, an innovative vertical office campus located at 6255 West Sunset Blvd. The company, a mobile gaming firm, wil...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• Commercial Real Estate Financing Briefs
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS Ė Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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• Phase One Completed at New Los Angeles Affordable Housing Project
Phase One of Rose Hill Courts, an 89-unit affordable housing project in northeast Los Angeles, has been completed. The LEED-certified project, located at 4466 E. Florizel St, is being built by R.D. Olson Construction on behal...
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• Single-Tenant Starbucks Near USC in L.A. Sells for $2,177/sf
A single-tenant Starbucks cafť with a drive-thru in Los Angeles traded for $3.25 mil, in a deal that worked out to a 4.57% cap rate. The property is located approximately one mile from the University of Southern California. F...
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• DSW Leases 15k sf Space at Venice Retail Property
DSW Inc leased a 15k sf space at Lincoln & Rose Shopping Center, a 75k sf retail center in Venice. The tenant will be occupying what was a 99 Cents Only space in the Whole Foods-anchored shopping center, located at 201 Lincol...
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• L.A. Outdoor Storage Property Sells for $2.68 Mil
Cypress Equity Investments paid $2.68 mil for a 1.41-acre industrial outdoor storage (IOS) property in Los Angeles. The property, located at 943 N. Marianna Ave, was acquired for the future development of a 90k sf self-storag...
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• Exchange Investor Sells Two Properties and Buys another in Three San Gabriel Valley Deals Totaling $37 Mil
A private investment entity, 2000 Gold Limited Partnership, completed a 1031 exchange that entailed the sale of two buildings and the acquisition of a third property, all in the San Gabriel Valley. The transactions totaled $3...
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• Rio Properties Transitions Five-Property SoCal Multifamily Portfolio as Part of a More Tax Efficient Investment Strategy
Rio Properties, a 25-year CA-based investor, transitioned a five-property, L.A.-area multifamily portfolio into a more tax-efficient investment strategy. The assets are located in Venice, Oakland, Los Angeles, and Marina Del ...
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• Mercy Housing and TCA Architects Finish Work on San Fernando Valley Supportive Housing Project for Seniors
Construction has been completed on Burbank Boulevard Senior Housing, a 55-unit, permanent supportive housing development for seniors ages 55 years and older. The project, located at 14536 Burbank Blvd, just west of Van Nuys B...
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• New $156 Mil Rosecrans Avenue Bridge Opens Carrying Vehicles Over Railway in Santa Fe Springs
The Los Angeles County Metropolitan Transportation Authority (Metro), in partnership with various local, state and federal agencies, has opened the new Rosecrans Avenue Bridge in Santa Fe Springs. The bridge, which is part of...
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• Century City Experiences a Surge in Vacant Office Space At Year-End 2023
This report provided by real estate services firm NAI Capital Commercial At year-end 2023, Century City's office building vacancy increased. Direct vacant office space rose by 18.6% year over year, totaling 1.4 msf of vacan...
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• California Commercial Investment Group Buys 19 Acres in Woodland Hills for Development of a Senior Living Facility
California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 mil. California Commercial Investment Group will develop a luxury se...
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