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• Cintas Uniform Rental Leases 37k sf Pico Rivera Industrial Property
7/14/23
Cintas Uniform Rental inked a 10-year lease for a 37k sf, industrial outdoor storage property in Pico Rivera. The property, located at 7748 Industry Ave, includes a 10.2k sf warehouse.
Cintas, which also operates out of a di...
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• Work Gets Started on New Hilton Hotel in Arcadia
7/12/23
Construction is underway on Hilton’s latest hotel in Arcadia, a 173-room facility located at 123 W. Huntington Dr, near the 210 Fwy. The project is a development of VG Properties and is being built by R.D. Olson Construction....
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• American Plus Bank Spends $5.4 Mil on Arcadia Office Assets
7/12/23
American Plus Bank acquired two office/flex buildings totaling 11.8k sf and an adjacent lot in Arcadia in a recent $5.38 mil transaction. The two buildings are located at 128 and 130 E. Huntington Dr, while the lot is located...
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• Bridge Logistics Properties Pays $6.5 Mil for Wilmington Container Yard
7/12/23
A 38k sf truck and container yard in Wilmington sold for $6.55 mil ($172/sf). The property, located at 336 E. D St near the Port of Los Angeles, was purchased by Bridge Logistics Properties (BLP).
The site, which includes a ...
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• San Fernando Valley Apartment building Goes for $450k/Unit
7/10/23
In a recent apartment sales comp from the San Fernando Valley, an eight-unit property in Sherman Oaks sold for $3.6 mil, or $450k/unit. We’re told this deal marks a record-high price-per-unit for a rent-controlled apartment b...
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• Swing Set Productions Takes Long Beach Creative Office Space
7/07/23
Swing Set Productions inked a 10-year, $5 mil lease for a 10.8k sf, creative office space in Long Beach. The space is located in Airway Office Park at 3816 Stineman Ct, north of the 405 Fwy and west of Lakewood Blvd.
Swing S...
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• Goodman North America Acquires Desirable 29-Acre Industrial Property in the City of Vernon
6/30/23
Goodman North America has acquired a 29-acre industrial infill site in the city of Vernon, a coveted, mid-cities location for industrial real estate in the L.A. Currently, the property comprises one of Southern California's l...
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• CapRock Partners Picks Up Three-Acre Industrial Outdoor Property in Pico Rivera
6/30/23
CapRock Partners acquired Olive Tree Industrial, a 3.1-acre value-add industrial outdoor storage (IOS) property in Pico Rivera. The property includes approximately 31k sf of warehouse space and a large, secured storage yard—a...
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• Phase One Work completed at 688k sf Mixed-User in L.A.’s Koreatown Neighborhood
6/29/23
Phase One work has been completed at The Rise Koreatown, a 688k sf, seven-story mixed-use residential and retail project located at 3525 W 8th St, in the heart of L.A.’s Koreatown neighborhood. Phase one completion concludes ...
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• Prime Residential Lands $947 Mil Refi on L.A.’s Park La Brea Res Complex
6/27/23
Prime Residential has secured a $947 mil refi loan on Los Angeles’ historic Park La Brea, the largest apartment community on the West Coast. The financing, arranged by Newmark, is to retire existing debt. Freddie Mac expects...
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• Hawthorne Redevelopment Sells for $21 Mil
6/27/23
Intracorp Homes paid $21 mil for a 3.82-acre redevelopment site in Torrance. The company plans on redeveloping the site, located at 22501 Hawthorne Blvd, into a luxury mixed-use project to include 17 affordable residential un...
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• Prologis Buys L.A. Area Infill Dev Site
6/22/23
Prologis purchased a 1.43-acre infill industrial site in Lynwood, CA. Located at 11511 Bellinger St, the property includes an unoccupied 34.4k sf industrial facility that was built in 1930. The site supports potential various...
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• Res/Retail Building in Rose Park Neighborhood of Long Beach Trades for $225k/Unit
6/16/23
A 10-unit apartment/retail property in the Rose Park Neighborhood of Long Beach traded hands in a recent deal for $2.25 mil. The property is located at 3032 E. 7th St, just west of Redondo Ave.
Built in 1962, the property i...
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• Century City Office Property Reaches 100% Leased
6/16/23
New lease signings with a multinational law firm, CBRE, and Tilt Coffee Bar have brought the iconic 2000 Avenue of the Stars office property in Century City to 100% leased. 2000 Avenue of the Stars is part of the Century Park...
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• Single-Tenant Starbucks Property in Inglewood Sells for $5k/sf
6/15/23
A 1k sf, single-tenant property occupied by Starbucks in Inglewood sold for $5.1 mil. Built in 2021, the property is situated on .4 acres at 801 E. Manchester Blvd, within walking distance to SoFi Stadium, The Forum and the u...
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• Blatteis & Schnur Secures $27 Mil to Build Spec Retail Project Along Santa Monica’s Third Street Promenade
6/14/23
Here’s news of a spec retail development along Santa Monica’s iconic Third Street Promenade. The three-story, 25k sf project is being developed by Blatteis & Schnur, who are replacing a 77-year-old mixed-used building that th...
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• 910-Unit Mixed-Use Community at Site of Former Radio Station Towers in L.A. Opens to Public
6/14/23
VOX at Cumulus, a 14-acre mixed-use community in the heart of Los Angeles on the site of the former Cumulus radio station towers, has officially opened to the public. The work-live-play development known as the Cumulus Distri...
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• Save the Date - Aug 17 is RENTV's Greater L.A. State of the Market Conference
6/12/23
Hear and network with industry pros who will discuss the region's office, industrial, retail, multifamily and finance sectors at this annual event.
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• L.A. County Metropolitan Transportation Authority Lands $38 Mil Grant to Eliminate At-Grade Crossing in Glendale and L.A.
6/12/23
The Los Angeles County Metropolitan Transportation Authority (Metro) has received a $38.3 mil grant from the Federal Railroad Administration (FRA) for the agency’s Doran Street Grade Separation Project, which seeks to elimina...
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• Industrial Parts Depot Inks $12.5 Mil Lease for Carson Facility
6/09/23
Industrial Parts Depot LLC (IPD) inked a 61-month, $12.5 mil lease for an 83.4k sf industrial facility in Carson. The property is located at 1550 Charles Willard St, south of the 91 Fwy and west of Wilmington Ave.
The wareho...
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