|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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,...
|
• 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...
|
• 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...
|
• 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...
|
Return to the Southern California - Los Angeles County area
