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• Alere Property Group Underway with Two Warehouse Projects in Chino
10/04/21
Alere Property Group is under construction on two new state-of-the-art industrial warehouse complexes in separate locations in Chino. Combined, the two speculative ground-up development projects will add approximately 626k sf...
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• Trio of LA-Area Single-Tenant Sales Total Up Over $100 Mil
10/01/21
Three high-profile, single-tenant retail properties in the Greater Los Angeles area traded hands in separate deals totaling over $100 mil. The transactions included a Hone Depot, an Amazon Fresh facility and a Chick-Fil-A.
T...
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• LIVWRK / Daniel Kotzer Venture to Redevelop Historic Property in Downtown L.A.’s Arts District
9/30/21
A new joint venture partnership formed by New York-based LIVWRK and Daniel Kotzer of Los Angeles will soon begin an adaptive reuse plan that will transform a historic 63.1k sf property in the heart of Los Angeles’ Arts Distri...
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• Denver Investor Sells Retail Centers in Cerritos, CA and Centennial, CO
9/28/21
A Denver-based private investor recently sold two retail center properties in Cerritos, CA and Centennial, CO. The properties include Cerritos Center located at 17220 Norwalk Blvd in Cerritos and Foxridge Plaza located at 816...
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• Pico Rivera Industrial Facility Trades for $364/sf
9/28/21
Chicago-based industrial real estate investment company CenterPoint Properties acquired a 173.1k sf, Class A industrial property in Pico Rivera for $63 mil, or $364/sf. The asset was purchased from the occupant in an off-mark...
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• Investors Trade Pasadena Multifamily Property in $8 Mil Deal
9/21/21
A 22-unit multifamily community in Pasadena was purchased by a local private investor for $7.95 mil, or $361.4k/unit. Constructed in 1960, the two-story, 18.2k sf property is located at 175 S. Madison Ave, in Pasadena’s Playh...
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• Overton Moore Properties Spends $35 Mil on Gardena Industrial Asset
9/20/21
Overton Moore Properties acquired a 10.8-acre site containing six, leased industrial/flex buildings totaling 262k sf of space in Gardena for $35.1 mil ($134/sf). Located at 1600 W 135th St, the property is situated within Lo...
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• L.A. Site Entitled for 65-Unit Res Development Trades for $6 Mil
9/17/21
A 16k sf parcel in Los Angeles currently entitled for development of up to 65 residential units was purchased by a private investor/developer for $6 mil. The land, located at 606 N. Western Ave, just south of Melrose Ave, was...
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• Santa Clarita Multifamily Community Traded for $54 Mil
9/15/21
The Retreat, a 148-unit multifamily asset in Santa Clarita, traded hands in a recent, $54.1 mil ($365.5k/unit) transaction. The buyer was an Orange County-based family investment entity.
Located across the street from Santa ...
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• Sherman Oaks Office Building Sells for $280/sf
9/14/21
A 24.9k sf office building in the San Fernando Valley community of Sherman Oaks traded hands in a $7 mil deal, valuing the property at around $280/sf. The structure, located at 5121 Van Nuys Blvd, just south of Magnolia Blvd,...
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• Cruzan and Independencia Asset Management Spend $37 Mil on Burbank Post-Production Facility
9/10/21
A 95k sf, fully leased post-production property in Burbank was acquired for $37.4 mil by a partnership between Cruzan and Independencia Asset Management. It was sold by Strategic Office Partners.
The building, located at 213...
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• Long Beach Res Sale Comps at $223k/Unit
9/07/21
A 20-unit apartment property located at 1000 Redondo Ave in the Eastside submarket of Long Beach sold for $4.455 mil, or $222.8k/unit. The buyer was a private investor out of Los Angeles.
Built in 1929, the 9.6k sf, two-sto...
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• South Pasadena Multifamily Property Comps at $356k/Unit
9/07/21
A 42-unit multifamily community in South Pasadena was picked up by a private investor in a $14.95 mil ($356k/unit) deal. Constructed in 1957, the property sits on a one-acre lot at 1760 State St.
The building features a unit...
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• Norwalk Multifamily Community Gets New Owner in $81 Mil Transaction
9/03/21
Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, traded hands in a recent transaction valued at $81 mil, or $422k per unit. The property was sold by RedHill Realty Investors, S...
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• Meta Housing Corporation Wraps Up Work on 74-Unit Senior Housing Project in La Puente
9/01/21
Meta Housing Corporation has finished construction on a 74-unit, affordable senior housing development in La Puente, CA. The $29 mil project, Arboleda Apartments, was built by RAAM Construction, along with AMJ Construction Ma...
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• The Amidi Group Finishes Work on 1027 Wilshire Live/Work Project in Downtown L.A.
9/01/21
The Amidi Group has completed work on 1027 Wilshire in downtown Los Angeles, an expansion to the firm’s existing upscale building, TENTEN Wilshire, which is located just across the street.
The TENTEN lifestyle includes livin...
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• Moonbug Entertainment Takes 15k sf Space Adjacent to Farmers Market in Los Angeles
8/27/21
Moonbug Entertainment agreed to a three-year lease for a 15k sf creative office space in Los Angeles. The firm will use the second-floor space, located at 110 S. Fairfax Ave, as the new U.S. headquarters for the global, Londo...
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• Tourmaline Capital Pays Almost $500/sf for Long Beach Retail Strip Center
8/26/21
Tourmaline Capital paid $16.2 mil for Marina Center, a 32.8k sf ($494/sf) retail strip center along the Pacific Coast Highway in Long Beach. The asset was sold by a private investor who owned the property for over 23 years.
...
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• Rexford Industrial Realty Completes $182 Mil Tech Campus Buy in Torrance
8/24/21
Rexford Industrial has purchased Torrance Technology Campus, a five-building, 576k sf technology campus situated on 27 acres in the heart of the Los Angeles’ South Bay region. The property, located at 3100-3110 Lomita Blvd an...
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• Pasadena Office Asset Trades in $80 Mil Transaction
8/24/21
A Los Angeles-based private investor closed on the purchase of a three-building office portfolio totaling 242k sf in downtown Pasadena for $80 mil. The property, known as 2 N Lake, comprises an 11-story, a three-story and a s...
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