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• Phase One Completed at New Los Angeles Affordable Housing Project
2/07/24
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
2/06/24
A single-tenant Starbucks café 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
2/02/24
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
2/01/24
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
2/01/24
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
1/31/24
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
1/30/24
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
1/29/24
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
1/29/24
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
1/26/24
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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• City of Industry Distribution Facility Trades for $16.5 Mil
1/25/24
West Harbor Capital spent $16.5 mil on a 69.5k sf ($237/sf), multi-tenant distribution facility in the City of Industry in an all-cash transaction. The property is located at 14313-14351 E Bonelli St.
The property benefits f...
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• Two-Building Asset in the Eastern San Gabriel Valley Fetched a Combined $12.2 Mil in Two Deals
1/24/24
Plaza Diamond Bar, a two-building property in the eastern San Gabriel Valley city of Diamond Bar, was acquired by two private investors in separate deals totaling $12.2 mil. The seller of both assets was a partnership led by ...
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• County of Los Angeles Inks Office Leases in Culver City and San Pedro
1/24/24
The County of Los Angeles recently inked two office leases totaling more than 25k sf in the cities of Culver City and San Pedro.
Mark E. Mattis with Avison Young represented the ownerships of both buildings in the transactio...
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• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• Sterling Investors LP Buys 43k sf Industrial Facility in Santa Fe Springs
1/19/24
Sterling Investors LP paid $11.25 mil for a 42.7k sf ($263/sf), Class A warehouse and distribution facility in Santa Fe Springs. The property is fully leased to a single tenant and features a 30-foot clear height, six dock-hi...
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• Bridge Logistics Properties Buys Compton Last Mile Logistics Building
1/17/24
Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Investment Group Holdings Inc, acquired a 57.7k sf, infill, last mile, logistics facility in the city of Compton. The property is located at 1215 W. Walnut St, east ...
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• NAIOP SoCal Announces 2024 Executive Committee and Board of Directors
1/17/24
The Southern California chapter of NAIOP has announced its 2024 Executive Committee and Board of Directors, including leaders from many of the most highly-regarded commercial real estate firms across Los Angeles and Orange co...
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• Industrial Facility in L.A.’s Arts District Sells for $620/sf
1/11/24
A 7.1k sf industrial warehouse property in the heart of Los Angeles’ Arts District sold for $4.4 mil ($620/sf). The asset was acquired by a premium developer, manufacturer, and distributor of branded apparel and other merchan...
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• Rexford Industrial Realty Ends 2023 with Two SoCal Buys and One Disposition
1/08/24
Rexford Industrial Realty Inc recently acquired two industrial property investments for an aggregate purchase price of $69.5 mil and sold one property for $11.3 mil. The acquisitions were funded using proceeds from forward eq...
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