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April 17, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• A.M. Castle & Co Inks $46 Mil Lease for 282k sf Facility in Paramount
9/22/23
A.M. Castle & Co agreed to an 84-month renewal/expansion lease for a 282k sf facility in the city of Paramount, in a transaction worth $46 mil. The company, a provider of metals, services and supply chain solutions, will expa...
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• SimplerSpace Launches First Coworking Space in Placentia to Meet Demand for Low-Cost, No-Frills Office Space
9/19/23
SimplerSpace, a new coworking option intended to provide affordable and efficient workspaces in office buildings, has just been launched by company founders Drew Sanden and Scott Maples. The company opened its first 8k sf cow...
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• Historic I. Magnin & Company Department Store in Pasadena Transformed into a New Mixed-use Destination
9/15/23
The historic, 45k sf I. Magnin & Company building in Pasadena has been transformed into a highly anticipated mixed-use destination. After a decade of vacancy, the iconic 45k sf, multi-level former department store is now prep...
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• Apartment Property in East Los Angeles Sells for $140k/Unit
9/15/23
An eight-unit apartment property located in East Los Angeles traded for $1.12 mil, or $140k per unit. The deal closed at $229.89/sf with a cap rate of 4.24% and a gross rent multiplier of 13.62. Built in 1929, the value-add ...
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• Pacific Clinics Leases 18k sf of Office Space in South Pasadena
9/14/23
Pacific Clinics inked a lease for 18.4k sf of space at 625 Fair Oaks in South Pasadena, bringing the 92k sf, Class A office building to 100% occupancy. The structure is owned by Greenbridge. 625 Fair Oaks is situated within ...
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• Cityview and Stockbridge Start Work on 265-Unit Res Project in L.A.’s South Bay
9/14/23
Construction is underway on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated to complete in 2025, the LEED Silver, transit-oriented development is located in a high-growth area of the South Bay nea...
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• Finance Sector Leaders from Axos Bank, Mizrahi Tefahot Bank, PSRS, Provident Bank and Fidelity Mortgage Lenders Share their Insight on the Finance Market for the Greater Los Angeles Area
9/13/23
Watch this high-powered panel of finance pros discuss the Los Angeles area finance market at RENTV's Greater Los Angeles State of the Market Conference, held on August 17 in Culver City.
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• CapRock Partners Completes 165k sf Industrial Buy in the San Gabriel Valley
9/13/23
CapRock Partners purchased a 165k sf, single-tenant industrial building in San Dimas. The facility sits on 8.3 acres at 300 E. Arrow Highway, east of the 57 Fwy and south of the 210 Fwy. 300 E. Arrow Highway is fully leased ...
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• New Res Tower in L.A.’s Koreatown Opens to the Public
9/07/23
Hallasan, a new high-rise apartment tower in the heart of Koreatown, has opened to the public. The project, located at 696 S. New Hampshire Ave, was developed by Holland Partner Group. MVE + Partners, renowned for their inno...
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• Artisan Ventures and an affiliate of Walton Street Capital Pick Up 160k sf SoCal Portfolio
9/06/23
Artisan Ventures and an affiliate of Walton Street Capital L.L.C. have acquired a portfolio known as the “SoCal 2-Pack,” consisting of two light industrial assets located in Santa Fe Springs and Brea totaling 159.5k sf of spa...
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• Whittier Apartment Community Sells for Over $30 Mil
9/06/23
Citrus Court, a 138-unit apartment community in Whittier, sold for $31.25 mil, or $226k/unit. The garden-style community, located at 8121 Broadway Ave, is encumbered by a 99-year ground lease with 41-years remaining. Built i...
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• Two-Tenant Retail Building in Lancaster Sells for $379/sf
9/06/23
A two-tenant, 7k sf retail pad building occupied by AutoZone and Precision Eyebrow Threading salon in northern Los Angeles County traded for $2.65 mil ($379/sf). The net-leased investment is part of a Target-anchored shopping...
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• City of Hope Recognizes CBRE’s Val Achtemeier, Darla Longo and Barbara Perrier for Decades of Professional and Charitable Accomplishments
9/05/23
CBRE’s Val Achtemeier, Darla Longo, and Barbara Perrier have made history as the first all-female recipients of the Spirit of Life® Award from City of Hope’s Los Angeles Real Estate and Construction Council, otherwise known a...
more » 

• The Shops at Alhambra Signs Three New Tenants
9/05/23
There have been three new leases at The Shops at The Alhambra, a 17.8k sf retail center adjoining The Alhambra Office Campus on Fremont Ave in the city of Alhambra. The new agreements with Labcorp, Johnny Rockets, and Burnt B...
more » 

• Culver City Mixed-Use Project Sells for Over $29 Mil
9/01/23
The Oliver, a mixed-use property with 30 multifamily units and 8.7k sf of ground-floor retail space in Culver City, recently traded hands for $29.25 mil, or $780k per unit. Built in 2016, the property is located at 11955 W. W...
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• Transwestern Development Company Breaks Ground on 99k sf Industrial Facility in North L.A. County
8/30/23
Transwestern Development Company (TDC®) has broken ground on a new 98.9k sf industrial facility, Legacy at Palmdale, located in the Fairway Business Park on Legacy Lane in the northern L.A. County city of Palmdale. Legacy a...
more » 

• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil
8/29/23
A 148-room Wingate by Wyndham Hotel in Inglewood traded hands in a $23.67 mil transaction. The property, located at 10300 La Cienega Blvd, near Los Angeles International Airport (LAX), fetched $159.9k per key. The buyer was I...
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• West Los Angeles Retail Center is Now The Now
8/25/23
Work has been completed on The Now, a 40k sf retail center in west Los Angeles that was redeveloped from a convenience center by developer Jeff Appel. The Now is located at 11819 Wilshire Blvd, west of the 405 Fwy and Barring...
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• Denver Pallets Spends $10 Mil on Lynwood Land Parcel
8/25/23
Denver Pallets Inc paid $10.16 mil for a 66.5k sf parcel of land at 2903 Lynwood Rd in Lynwood. Denver Pallets is a local leader in the storage, repair and distribution of wood pallets. The 1.53-acre site at 2903 Lynwood Rd ...
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