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• Private Investors Trade Wilmington Apartment Property in $9.6 Mil Deal
10/28/21
Wilmington Villa, a 44-unit apartment complex in Wilmington, CA, sold for $9.6 mil, or $218k per unit. Built in 1987, Wilmington Villa is located at 808 W Anaheim St, a few blocks east of the 110 Fwy.
Wilmington Villa consis...
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• Bridge Housing and PATH Ventures Break Ground on Affordable Housing Communities in the L.A. Area
10/27/21
Here’s news of two affordable housing communities that just broke ground in the L.A. area. The projects, both being built by R.D. Olson Construction, are Anaheim and Walnut in Long Beach, valued at $44 mil, and West Carson Vi...
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• Brookfield Properties Purchases Industrial Building in La Mirada
10/26/21
Brookfield Properties bought a 255k sf industrial property located at 14555 Alondra Blvd in La Mirada. The Class A asset, originally built in 1969 and completely renovated in 2016, sits on a 12.09-acre lot and boasts superior...
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• Hawthorne Apartment Property Goes for $235k per unit
10/25/21
An LA-based private investor paid $6.1 mil for a 26-unit apartment property in Hawthorne. The property, located at 13520 Lemoli Ave, traded at a 4.5% cap rate and a price per unit of just under $235k.
Built in the 1970s, 135...
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• Long Beach Apartment Property Goes for $312k per Unit
10/22/21
An eight-unit apartment property located at 1148 Stanley Ave in the Eastside submarket of Long Beach sold for $2.5 mil, or $312.5k/unit. The property sold at a 4.3% cap rate.
Built in 1986, the property consists entirely of ...
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• CGI+ Real Estate Strategies to Start Work on Major Mixed-Use Development in L.A.’s Miracle Mile District
10/22/21
CGI+ Real Estate Strategies has received full entitlements and will begin development on a major hotel/multifamily/retail multi-use project at the intersection of Wilshire Blvd and La Brea Ave in Los Angeles’ Miracle Mile Dis...
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• San Fernando Valley Warehouse Sells for Over $12 Mil
10/21/21
A 40.4k sf warehouse property in the central San Fernando Valley community of Van Nuys sold for $12.35 mil, or $306/sf. The property, located at 7821 Hayvenhurst Ave, between Saticoy St and Roscoe Blvd.
Built in 2003, the b...
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• New 23-story Upscale Res Development in L.A. Opens Its Doors to First Tenants
10/20/21
Residents have begun moving into the first 200 units at Kurve on Wilshire, the new $300 mil development located on the border of Koreatown and downtown in Los Angeles. The 23-story complex, located at 2801 Sunset Place, is un...
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• Warner Center Retail Property with Redevelopment Potential Trades for $9 Mil
10/19/21
A private investor paid $9.05 mil for a 1.5-acre shopping center with future potential for mixed-use multifamily redevelopment in the Warner Center district of Canoga Park. Located at 21161 Victory Blvd, the property currentl...
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• West Hollywood Office Property Exchanges Hands in a Deal Worth $638/sf
10/15/21
A three-building creative office property totaling 14.1k sf in West Hollywood traded for $9 mil, in a transaction that works out to $638/sf. The property is located at 1111-1117 N. Formosa Ave, just off Santa Monica Blvd.
Th...
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• The Mayer Corporation Locks in $61.5 Mil Refi of the Hyatt House Hotel in Los Angeles
10/14/21
The Mayer Corporation has secured a $61.5 mil refi of the leasehold interest for the Hyatt House Los Angeles University Medical Center located on the University of Southern California Health Sciences Campus.
The 200-key Hya...
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• Medical Office Building in La Verne Sells for $24.6 Mil
10/14/21
Pomona Valley Health Center, a 39.4k sf medical office building in La Verne, sold to MMRE Acquisitions LLC in a $24.6 mil ($624/sf) deal.
Located at 2317-2333 Foothill Blvd, about 30 miles east of Los Angeles, the property i...
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• North Hollywood Industrial Asset Snapped Up by a Private Investor
10/14/21
A private investor paid $5.4 mil for a multi-tenant, 20.2k sf ($267/sf) industrial property in North Hollywood. The property, located at 7633 Varna Ave, just north of Sherman Way and east of Woodman, provides convenient acces...
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• Meridian Pays $1,200/sf for Beverly Hills Medical Plaza
10/13/21
Meridian has purchased Beverly Hills Medical Plaza, a 67.5k sf, three-story Class A medical office building in Beverly Hills. The property was purchased as part of a joint venture with a large institutional investment partner...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
10/11/21
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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• LA Fitness Inks Deal for New Location in Long Beach
10/08/21
LA Fitness has inked a lease for a 34k sf space at Marina Pacifica Shopping Center, a 297k sf retail center owned by NewMark Merrill Companies in Long Beach. LA Fitness is set to open in the former Best Buy space.
Marina Pac...
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• Upscale Santa Monica Res Property Sells for $1.84 Mil per Unit
10/05/21
A 38-unit luxury multifamily community in Santa Monica was purchased by an Asian private investor for $70 mil, in a deal that works out to a whopping $1.84 mil per unit. The asset was sold by Malibu-based Marquis Property Com...
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• Downey Multifamily Sales Comp Works Out to $285k per Unit
10/05/21
A 20-unit apartment building in Downey traded hands for $5.7 mil, which works out to $285k per unit. Both parties were private investors.
Located at 7348-7350 Florence Ave, the property features all two-bedroom/one-bathroom ...
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• San Fernando Valley Industrial Portfolio Gets New Owner in $16 Mil Deal
10/05/21
A five-building, 80k sf industrial portfolio in the northeastern San Fernando Valley community of Pacoima was acquired by Chase Partners in a $16 mil ($200/sf) transaction. The portfolio consists of single-story units and is ...
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• Burbank Medical Office Building Bought by GPI Companies in $24 Mil Transaction
10/05/21
GPI Companies has purchased a 51k sf, on-campus medical office property in Burbank for $23.9 mil, or $468 per square foot. The property was sold by a private real estate investor.
This was the first time the property, locate...
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