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• Hauser & Wirth Leases West Hollywood Building
6/04/21
Hauser & Wirth, a world-renowned art gallerist headquartered in Zurich, Switzerland, inked a 10-year lease for a 10.8k sf building in West Hollywood. The lease value was not disclosed.
Hauser & Wirth will occupy the entire b...
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• Whittier Retail Property Goes for Almost $12 Mil
6/03/21
A 33k sf, dual-tenant retail property in Whittier traded for $11.95 mil, which works out to $361 per square foot and a cap rate of 5.42%. Located across from an Amazon Fresh grocery store and surrounded by retailers such as T...
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• Pasadena Retail Property Sells for $490/sf
5/31/21
A 10.2k sf retail property in Pasadena sold for $5 mil, or $490/sf. The property is located at 400 S. Fair Oaks on the northeast corner of S. Fair Oaks Ave and E. Bellevue Drive. The site features over 450 feet of combined st...
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• Creative Office Project in L.A.’s West Adams Area Lands $55 Mil in Financing
5/31/21
The Luzzatto Company has obtained senior and mezzanine construction financing totaling $54.73 mil for the development of The Depot, a 107.2k sf, 1.5 acre creative office campus in the West Adams micro market of Los Angeles. T...
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• Creative Office Building in Burbank Media District Acquired for Nearly $500/sf
5/27/21
The Link, a recently renovated, 124.8k sf seven-story office building in Burbank, sold for $61.5 mil ($493/sf). The Class A building, located at 2901 West Alameda Ave, offers creative office space and post-production, broadca...
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• Central L.A. Retail Center Lands $64 Mil Refi
5/26/21
Midtown Shopping Center, a 216.8k sf shopping center anchored by Ralphs in Los Angeles, has been refinanced with a new loan for $63.78 mil. The center is located at the junction of Venice Blvd, West Pico Blvd and San Vicente...
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• San Gabriel Valley Multifamily Community Purchased for $100 Mil
5/25/21
MODA at Monrovia Station, a 261-unit apartment asset in the San Gabriel Valley city of Monrovia, was purchased for $100 mil ($383k per unit) by Opportunity Housing Group, as property administrator with the California Statewid...
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• Local Investors Trade 24-Unit Multifamily Property in L.A.’s Koreatown
5/25/21
A 24-unit multifamily property in Los Angeles’ Koreatown fetched $5.35 mil, or $223k/unit.
The property, located at 833 Fedora Street, is a unique 1920s masonry building, featuring all one-bedroom units. The building, which...
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• SteelWave Spends $80 Mil on Creative Office Campus in L.A.’s Arts District
5/21/21
San Francisco-based SteelWave acquired The Switchyard, a 150.5k sf, Class A, creative office campus located in Los Angeles’ Arts District in a recent $80 mil ($532/sf) transaction. It was sold by CEG Construction.
The moder...
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• Robert F. Maguire III Passes Away
5/20/21
Robert F. Maguire III, the prolific commercial real estate developer whose work left a dramatic imprint on the downtown Los Angeles skyline, has passed away at the age of 86 due to complications caused by pneumonia, according...
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• Older Hollywood Apartment Building Sells for $268k per Unit
5/20/21
A 48-unit multifamily community less than 500 feet away from the iconic Hollywood & Highland in Hollywood traded hands for $12.9 mil, in a deal that works out to $268.8k per unit. It was sold by a family, private investment e...
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• County of Los Angeles Signs Lease for 52k sf Near LAX
5/19/21
The County of Los Angeles closed on an office lease within the city’s LAX/Century Blvd office submarket. The agency agreed to a five-year deal for 52.1k sf of space at 5200 W Century Blvd, just west of the 405 Fwy and La Cien...
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• Champion Real Estate Company Buys Former Fraternity House at USC for $8 Mil
5/19/21
Champion Real Estate Company has acquired a former fraternity house located at 668 West 28th St in Los Angeles from Wall Street Properties LLC for $8 mil. The property, located on Fraternity Row of the campus of University o...
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• Local Investor Buys Multifamily Dev Site Near USC
5/18/21
Farco Properties LLC, a privately held Los Angeles-based investment company, paid $5 mil for a 0.29-acre multifamily development site near the University of Southern California in Los Angeles. Located at 647 W. 28th St, the s...
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• Tripalink Awarded Management Assignments for Four L.A. Area Multifamily Properties
5/17/21
Los Angeles-based Tripalink, a real estate development and property management company founded in 2016, has been awarded four new multifamily property management assignments totaling 471 units in the L.A. area. These include ...
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• Sherman Oaks Apartment Property Trades at Record Price per Unit
5/14/21
A local private investor paid $10.8 mil for Via Sherman Oaks, an 18-unit apartment property located at 4623 Willis Ave, north of Ventura Blvd and east of Kester Ave in Sherman Oaks. At $600k per unit, we’re told the sale mark...
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• Unique Pasadena Office Space Comes on the Market
5/13/21
We thought we’d share this news of a unique office space in Pasadena that is currently available. The 15k sf space is on the ground floor and mezzanine level at 595 E. Colorado Blvd, a historic office building owned by The Sw...
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• Arc Capital Partners and Belay Investment Group Buy Two High-Ticket Retail Buildings in West Hollywood
5/12/21
Arc Capital Partners in partnership with Belay Investment Group acquired two retail buildings totaling 18.8k sf that are fully leased to three high-credit retailers in West Hollywood. The assets were sold by ASB Real Estate I...
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• DrinkPAK Takes Additional 400k sf at The Center at Needham Ranch
5/11/21
DrinkPAK LLC has signed two additional leases at The Center at Needham Ranch (CANR) in Santa Clarita. The company first signed a 172.3k sf lease in November 2020 for Building 2 and will now additionally occupy another 400.1k ...
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• Recently Constructed Res Project in L.A.’s Koreatown Area Lands $41.5 Mil Refi
5/10/21
A CBRE Global Investors-sponsored fund has locked up a $41.5 mil refi loan on Mariposa on 3rd, a recently built apartment building in Los Angeles. The floating-rate loan has an initial term of three years and can extend up to...
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