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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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• Gardena Industrial Park Bought by Exchange Investor for $9 Mil
5/10/21
Gardena Business Park, a 42.4k sf, multi-tenant industrial building in Gardena, was acquired by a Beverly Hills-based, 1031 exchange investor for $9.03 mil, or $213/sf. The property was sold by Wedgewood, a local real estate ...
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• Staley Point Capital and Bain Capital Real Estate Close $14 Mil SoCal Industrial Buy
5/07/21
A 57.9k sf industrial facility in Santa Fe Springs traded for $14.3 mil ($247/sf). The buyer was a partnership of Staley Point Capital and Bain Capital Real Estate, who acquired the fully leased asset from the Luciano Family ...
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• Thor Equities Group Buys Last-Mile Warehouse Facility in Carson
5/07/21
New York-based Thor Equities Group purchased a fully leased, 196.3k sf warehouse in Carson. The last-mile, infill facility, located at 2575 El Presidio, was acquired in an off-market sale-leaseback transaction.
The deal was ...
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• Aedis Real Estate Group Breaks Ground on Transitional Housing Project in Los Angeles
5/07/21
Aedis Real Estate Group has broken ground on a 60k sf, affordable, transitional housing community in Los Angeles. The project, Hope on Hyde Park, is a five-story residential community located on a .49-acre site at 6501 Crensh...
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• Redeveloped Sportsmen's Lodge in the San Fernando Valley Slated to Start Reopening this Summer
5/06/21
The Sportsmen’s Lodge, a landmark retail center in the eastern San Fernando Valley, is undergoing a $100 mil redevelopment slated to begin opening to the public as early as this summer. The reinvented center, to be known as T...
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• Bain Capital Real Estate and BARDAS Investment Group Looking to Develop $450 Mil Studio Campus in Hollywood
5/06/21
Bain Capital Real Estate and BARDAS Investment Group are looking to develop a $450 mil studio campus project tin Hollywood. The proposed development, Echelon Studios, will sit on five acres at 5601 Santa Monica Blvd and will ...
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• Pacific Industrial Buys 11-Acre Industrial Property in South Gate
5/05/21
Pacific Industrial acquired a rare, 11-acre single tenant industrial property in the Central Los Angeles submarket of South Gate. The asset, located at 4545 Ardine St, west of the 710 Fwy and north of Firestone Blvd, is 100% ...
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• CGI+ Real Estate Investment Strategies and Megdal Investments to Redevelop 24k sf, Single-Tenant Property in L.A.’s Los Feliz Area
5/05/21
CGI+ Real Estate Investment Strategies (“CGI+”) in joint venture with Megdal Investments has acquired a 24k sf, single-tenant retail property in Los Feliz. The parcel represents the third and final piece of a 1.7-acre land as...
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• Affordable Housing Community in South Los Angeles Breaks Ground
5/05/21
Work has started on West Terrace, a 164-unit, four-story sustainable housing community in South Los Angeles. The 52.3k sf project is a development of A Community of Friends, a nonprofit developer with a mission to end homeles...
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