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• Trio of Pasadena Multifamily Properties Sold for $7 Mil in Two Deals
7/26/24
A family trust real estate entity collected $7 mil from the recent sales of three multifamily properties in Pasadena. The properties total 30 units and were sold in two separate transactions.
The portfolio was marketed as a...
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• Private Investor Spends $28 Mil on Two Office Assets in the San Gabriel Valley
7/24/24
A private investor purchased two separate office buildings with a combined 120k sf of space in deals totaling $28.2 mil. The properties are in the San Gabriel Valley cities of Diamond Bar and Monterey Park.
One of the proper...
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• Landmark Yamashiro Restaurant Property in Hollywood Offered for Sale
7/24/24
Here's news of a very unique investment/redevelopment opportunity in Hollywood that’s just hit the market. The property is the 7.3-acre Yamashiro restaurant site located at 1999 N. Sycamore Ave, north of Franklin Ave and west...
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• Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon Spend $41.5 Mil on San Fernando Valley Industrial Asset
7/23/24
A partnership of Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon acquired a 150k sf, high-image industrial facility in the western San Fernando Valley for $41.5 mil ($277/sf). The property, located at 9...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• SoCal Raising Cane’s Trades at 4.65% Cap Rate
7/22/24
A single-tenant, net lease property occupied by Raising Cane’s Chicken Fingers Drive-Thru in Carson sold for $7.53 mil, representing a cap rate of 4.65%. The buyer was an Orange County investor completing a 1031 exchange.
Th...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
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• Renovated Industrial Building in the City of Industry Trades for $374/sf
7/17/24
An 18.7k sf industrial building in the City of Industry traded in a recent $7 mil ($374/sf) transaction. It was acquired by a private investor in a deal with a closing cap rate of 5.20%.
The three-unit, NNN-leased structure ...
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• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
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• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
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• Dunleer Spends Over $9 Mil for Two SoCal Industrial Assets
7/09/24
L.A.-based Dunleer acquired two fully occupied, SoCal multi-tenant business parks in deals totaling $9.39 mil. The properties are located in Huntington Beach and Baldwin Park and total 40k sf of space.
In one of the deals, t...
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• Dean Zander Joins Newmark as Vice Chairman
7/05/24
Dean Zander has joined Newmark as Vice Chairman, based in the Century City office in West Los Angeles. Zander brings over three decades of experience in the multifamily sector throughout Southern California, closing transacti...
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• L.A. County Commercial Real Estate Faces Summer Slowdown Amid Rising Vacancies and Mixed Rent Trends
7/05/24
This report provided by real estate services firm NAI Capital Commercial
Los Angeles County's commercial real estate markets slowed in the first half of 2024, heading into the slow days of summer, with vacancy rates rising, ...
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• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
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• North Hollywood Industrial Facility Fetches $484/sf in Competitive Market
7/01/24
A 5k sf, freestanding industrial building in North Hollywood sold for $2.4 mil ($484/sf). The building, located at 5358 Cartwright Ave, is situated in the vibrant North Hollywood Arts District.
The property sits on an 11.9k...
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• Premier Workspaces Opens Fourth Location in Beverly Hills
6/27/24
Leading flexible workspace provider Premier Workspaces has just opened a new location in Beverly Hills, the firm’s fourth center in the city. Located at 9465 Wilshire Blvd, this latest center is within the city’s Golden Trian...
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• Historical Property in Santa Monica Trades for $1,660/sf
6/27/24
A 1.5k sf retail property in Santa Monica traded hands for $1,660 per square foot in a recent $2.49 mil sale. Located at 3116 2nd St, the building formerly housed The Powerhouse theater.
The property is on the list of Califo...
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• Strip Center in West Covina Goes for Over $300/sf
6/26/24
A 7.8k sf retail strip center in West Covina sold for $2.44 mil, or $312/sf, in an all-cash deal. The multi-tenant center, located at 532-540 North Azusa Ave, just north of the I-10 Fwy, was 100% occupied at the time of sale....
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• San Gabriel Valley Biz Campus Trades in $9.2 Mil Deal
6/25/24
Arrow Pines Business Park, a 44.1k sf industrial business park in San Dimas, was acquired by a private investor for $9.23 mil ($209/sf). The park sits on 3.17 acres at 210 and 260 West Arrow Hwy and 440 South Cataract Ave in ...
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