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• Torrance Multifamily Property Comps at $432k per Unit
12/06/21
The Village Apartments, a 36-unit multifamily complex located in Torrance, sold for $15.575 mil, or $432.6k per unit. Built in 1963, The Village Apartments is located at 3650 Newton St.
The property is comprised of 36 two-s...
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• Hackman Capital Partners LLC and Square Mile Capital Management to Buy CBS Studio Center in $1.85 Bil Deal
12/03/21
A Hackman Capital Partners LLC and Square Mile Capital Management LLC partnership has entered into a definitive agreement to purchase CBS Studio Center in Studio City for approximately $1.85 bil. The property is being sold by...
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• Amstar and Harbor Associates Spend $20 Mil on Vacant Office Asset in Century City
12/01/21
A 36.3k sf, vacant office building in Century City has sold for $20.2 mil ($555/sf). The buyer was a partnership between Amstar, a privately-owned real estate investment management company, and Harbor Associates.
Built in 19...
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• UCLA Bruins Claim the Silver Shovel at NAIOP SoCal’s USC vs UCLA Real Estate Challenge
11/24/21
The UCLA graduate student team took home the coveted Silver Shovel for its winning proposal at the 24th NAIOP SoCal USC vs UCLA Real Estate Challenge, just held November 18.
At the annual competition, five-member graduate s...
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• Historic Office Asset in South Pasadena Fetches Over $500/sf
11/23/21
Baranger Studios, a 13.2k sf, historic office property in South Pasadena, sold to a local investor for $6.8 mil ($515/sf). This was the first time in 37 years the building traded hands.
The landmark property is located at 7...
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• Long Beach Apartment Portfolio Trades for Nearly $42 Mil
11/23/21
A 17-property, 155-unit apartment portfolio in Long Beach sold for $41.85 mil, or $270k per unit.
The portfolio is comprised of assets in “B” locations across Long Beach and just over half of the units are Section 8 housing....
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• Pair of SoCal Industrial Leases Total Over 600k sf of Space
11/23/21
We’ve learned of two major SoCal industrial leasing transactions, totaling over 600k sf, which we’ll mention here.
In one, DNA Motor signed a lease for the entire 350k sf building at 20301 E. Walnut Drive North in City of In...
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• Dunleer Buys Temple City Industrial Facility
11/22/21
Los Angeles-based Dunleer has purchased a 64.1k sf, industrial asset situated on 115k sf of land in Temple City. The property is located at is located at 9620-9642 Gidley St, within one mile of the I-10 Fwy. The price was not...
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• Begonia Real Estate Development Breaks Ground on 74-Unit Multifamily Project in Temple City
11/22/21
Begonia Real Estate Development broke ground on a 58.3k sf, mixed-use multifamily project in the San Gabriel Valley. The $36.8 mil development is being built by C.W. Driver Companies.
Located at 5570 Rosemead Blvd in Temple ...
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• Pad Building in Pico Rivera Goes for $6.3 Mil
11/18/21
A recently renovated, two-tenant retail pad totaling 7.3k sf at Pico Rivera Plaza sold for $6.32 mil ($866/sf). The asset, net-leased to credit-worthy tenants, was sold by Paragon Commercial Group.
The property is an outparc...
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• University of Southern California Spends $57 Mil for Life Sciences Building on Campus
11/17/21
The purchased a four-story, 75.3k sf life sciences building in the heart of USC’s Health Science Campus, directly adjacent to USC Norris Hospital, for $57 mil ($757/sf). It was sold by Doheny Eye Institute.
The building was ...
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• Arcadia Mixed-Use Property Sells for $39 Mil
11/16/21
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
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• Clothing Designer Leases 31k sf of Mixed-Use Space in Downtown Los Angeles
11/15/21
Clothing and accessory designer, Johnny Was, inked a lease for 31.2k sf of space in downtown Los Angeles. The fashion retailer leased the 6th floor and 7th floor penthouse in the mixed-use building at 712 S Olive St for its ...
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• LaTerra Development and QuadReal Property Group to Develop 573-Unit Apartment Project in Downtown Burbank
11/15/21
LaTerra Development, a Los Angeles-based developer, together with QuadReal Property Group, a global real estate company based in Vancouver, have secured a $198.5 mil construction loan for the development of 573 apartment home...
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• Burbank Multifamily Community Purchased by Clarion Partners and Cityview in $161 Mil Transaction
11/12/21
Empire Landing, a 276-unit, garden-style apartment community in Burbank, was acquired by a joint venture of Clarion Partners and Cityview in a $161 mil ($583k/unit) transaction. The buyers are planning a comprehensive renovat...
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• Pomona Industrial Property Sold for $6.78 Mil
11/11/21
Pomona Business Park, a 66k sf biz park property on 3.9 acres in Pomona, was bought by a local investor for $6.78 mil ($103/sf). The buyer intends to implement a value-add renovation program at the property, located at 201 No...
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• Meta Housing Corporation Begins Work on 150-Unit Affordable Housing Project in Palmdale
11/10/21
Meta Housing Corporation has broken ground on Palmdale Terrace, a 151-unit affordable multifamily housing development in Palmdale. The project, located at SW 25th St East and East Ave, is being built by RAAM Construction Inc....
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
11/10/21
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• Waterford Property Company and California Statewide Community Development Authority Buy 105-Unit Res Community in Pasadena
11/09/21
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave in Pasadena, for $67 mil ($
Up...
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• StringKing Leases 75k sf Carson Facility
11/08/21
StringKing has leased a freestanding, 74.7k sf industrial and manufacturing/distribution facility in Carson. Terms of the deal were not given out.
StringKing’s new facility provides access and frontage to the 91 Fwy and is a...
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