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February 21, 2024
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LOS ANGELES COUNTY NEWS
Archive
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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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• TailoredSpace is Coming to San Juan Capistrano
6/09/23
West Covina-based TailoredSpace has begun construction on its latest coworking location in San Juan Capistrano. When the new campus opens in September 2023, it will be the first fully amenitized coworking operation in the cit...
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• New AC Hotel by Marriott Gets Underway in Pasadena
6/08/23
Welcome Group Inc has begun construction of AC Hotel by Marriott, a 194-room, 100k sf hotel in Pasadena. The project, being built by R.D. Olson Construction, is designed to appeal to business and leisure travelers alike. A ...
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• Flex/Office Building in El Segundo’s Superblock Area Goes for $6 Mil
6/07/23
Chicago-based Diamond Realty Holdings (DHR) purchased a 14.4k sf industrial flex/office building at the intersection of Lairport St and East Mariposa Ave in the superblock area of El Segundo. The price was $6.05 mil ($420/sf)...
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• Colliers Lands Leasing and Management Assignment for EY Plaza in DTLA
6/05/23
Colliers has been awarded the exclusive leasing and property management assignment of Downtown Los Angeles’ EY Plaza, formerly Ernst & Young Plaza, at 725 S. Figueroa St. The firm was retained by Gregg Williams of Trident Pac...
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• Pasadena Child Development Associates Leases 16k sf of Pasadena Office Space
6/01/23
Pasadena Child Development Associates inked a lease for 16.2k sf of office space in Pasadena. The lease encompassed two adjacent buildings, one located at 790 East Green and the other at 118 South Oak Knoll. Both buildings ar...
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• EverWest Real Estate Investors Buys 101k sf Warehouse in Carson
5/26/23
EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101.2k sf warehouse facility situated immediately off of the 710 Fwy and I-405, just north of the Ports of Long...
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• Turnbridge Equities Buys 3.6 Acres of Land in Rancho Dominguez
5/25/23
Turnbridge Equities purchased 3.6 acres of covered industrial-zoned land in Rancho Dominguez. Located at 19500 and 19520 S. Rancho Way, the site currently includes two buildings totaling 53k sf and is leased to eight tenants ...
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• Puratos Corporation Leases 87k sf Gardena Facility
5/25/23
Puratos Corporation leased an 86.9k sf,state-of-the-art warehouse/distribution facility in Gardena that was recently completed. The class A warehouse/distribution facility, located at 15601 S Avalon Blvd, sits in the heart of...
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• Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
5/24/23
Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
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• Long Beach Apartment Building Goes for $275k/Unit
5/24/23
A four-unit apartment building in Long Beach sold for $1.1 mil or $275k per unit. The apartment building, located on a 3k sf corner lot at 801 Atlantic Ave, was built in 1914 and comprises four units, including two three-bedr...
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• New Mercedes-Benz Classic Center Completed in Long Beach
5/23/23
Mercedes-Benz USA has completed work on the world’s second Mercedes-Benz Classic Center, an international destination for the luxury brand’s car enthusiasts. Designed by interior architectural design firm Hendy, the Long Beac...
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• Avison Young Awarded Leasing Assignment for 337k sf Office Highrise in Brentwood
5/23/23
LaSalle Investment Management has awarded the leasing assignment for 11755 Wilshire Blvd, a 24-story, 337.4k sf Class A office building in the Brentwood submarket on Los Angeles’ westside to Mitch Stokes and Mark Mattis with ...
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• New 55k sf Dining Hall Completed as Part of Renovation at Westfield Topanga Center
5/22/23
Topanga Social, a new 55k sf dining hall at Westfield’s Topanga Mall in the western San Fernando Valley, has opened to the public. The project, part of the 250k square-foot renovation and expansion of Westfield Topanga Center...
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• Los Angeles First Quarter Industrial Leasing Activity Lowest Since 2014
5/22/23
This report provided by Cushman & Wakefield The Los Angeles (LA) industrial market recorded 5.8 msf of new leasing activity across 162 deals in Q1 2023, recording the lowest first quarter leasing total since 2014. New leasin...
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