|
• Fundamental Income Picks Up Three-State Net-Lease Portfolio in $20 Mil Deal
6/29/21
Fundamental Income, a Phoenix-based net-lease real estate platform backed by a fund managed by Brookfield Asset Management, acquired a three-property, 313k sf, mission-critical industrial portfolio in Visalia, CA; Birmingham,...
|
• Rexford Industrial Realty Closes on $189 Mil of SoCal Industrial Assets
6/29/21
Rexford Industrial Realty Inc recently closed on five SoCal industrial properties for a combined price of $188.9 mil. The assets contain a total of 660.3k sf of improvements and sit on 28.8 acres of land. Year-to-date, Rexfor...
|
• Rescore Property Corporation’s 560k sf Mixed-User in Hollywood has Been Completed
6/29/21
Rescore Property Corporation has completed work on The Rise, a 561.6k sf, seven-story mixed-use residential and creative office project located at 1331 North Cahuenga Blvd in the heart of Hollywood. The project, consisting of...
|
• Renovated Long Beach Apartment Building Sells for $368k per Unit
6/28/21
A newly renovated, 11-unit apartment property in Long Beach’s Fourth Street / Retro Row neighborhood sold for $4.05 mil, or $368k per unit. Built in 1948, the property is located at 2104 E. Florida, just east of Cherry Ave be...
|
• Investor Pays Over $700/sf for Creative Office Asset in El Segundo
6/25/21
A Los Angeles-based private investor paid $11.25 mil for a fully occupied, 15.7k sf ($716/sf) creative office building in El Segundo. The building, located at 2210-2218 E Maple Ave, was sold by Five Amigos LLC, a partnership ...
|
• Draftsmen & Craftsmen
6/23/21
Construction is complete on LA3, a new CoreSite Data Center in Downtown Los Angeles. LA3 is an expansion to the landmark United States Postal Terminal Annex, which was renovated and restored in 2001 into CoreSite’s current LA...
|
• BLT Enterprises Repositioning and Rebranding 200k sf Hollywood Campus Property
6/22/21
BLT Enterprises is in the process repositioning of its recently acquired 200k sf creative campus, which the firm has rebranded as The Hollywood Exchange. The property, which currently encompasses 11 buildings spanning 6.4 acr...
|
• Long Beach Apartment Building Fetches $443k per Unit
6/22/21
A six-unit apartment property in Long Beach’s Belmont Heights neighborhood traded for $2.66 mil, or $443k per unit. The property is located at 4108 E. Broadway, north of Livingston Dr and west of Ximeno Ave.
Built in 1923, t...
|
• Alere Property Group Buys 33k sf Industrial Property in Vernon
6/21/21
Alere Property Group bought a 33.4k sf, Class A industrial warehouse in the Los Angeles County submarket of Vernon. The asset, located at 4433 Pacific Blvd, was sold by a private investor in an off-market transaction.
4433 P...
|
• Watt Companies Completes Ground Floor Common Area Renovation of Century City Office Tower
6/18/21
Watt Companies has completed a major renovation of the ground-floor common area at Watt Plaza, an iconic 23-story twin office complex in the heart of Century City. The transformation quadrupled the square footage of the space...
|
• Waterford Property Company Acquires Over 500 Res Units in Pasadena
6/16/21
Waterford Property Company, in partnership with the California Statewide Communities Development Authority (CSCDA), has acquired two Pasadena multifamily communities with a combined 513 units, in deals totaling $335.1 mil ($6...
|
• San Fernando Industrial Owner is Traded in $5.6 Mil Deal
6/15/21
A 22.4k sf, multi-tenant industrial building in the city of San Fernando sold for $5.56 mil ($248/sf). Built in 1962, the property is located at 571-595 4th St, within North LA’s East San Fernando Valley industrial submarket....
|
• Net-Lease Investment Activity Close to Pre-Pandemic Levels
6/10/21
This report was provided by CBRE
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-...
|
• Commercial Financing Briefs
6/10/21
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged a $30 mil refi of a 78.5k sf, Class A office building located in Manhattan Beach that serves as the new global corporate headquarters of Fisker Inc. The three...
|
• Rexford Industrial Realty Closes on $68 Mil of SoCal Acquisitions
6/09/21
Rexford Industrial Realty purchased five industrial properties comprising 79.3k sf of improvements on 18.8 acres of land for combined price of $68.1 mil. The company also sold one industrial property for $8.2 mil. The acquisi...
|
• Film Industry Thrived Through Pandemic Thanks to Streaming Video on Demand
6/09/21
This report was provided by CBRE Pacific Southwest Thought Leadership
Like most industries around the world, film and television was rocked by the spread of the Coronavirus pandemic. As a result of social distancing guidelin...
|
• Gelson’s to Anchor New West L.A. Mixed-Use Development
6/07/21
Gelson’s, one of California’s more upscale supermarket chains, has signed a long-term lease to become the retail anchor tenant at West Edge, Hines’ transformative, transit-oriented, mixed-use development at the northwestern c...
|
• Unilev Capital Buys Santa Monica Oceanfront Retail Asset
6/04/21
Unilev Capital acquired Waverly and Seychelle, a 19.7k sf, oceanfront retail condo interest that is part of a larger, 158-unit condominium development project in Santa Monica. The property was sold by institutional investors ...
|
• 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...
|
• 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...
|
Return to the Southern California - Los Angeles County area
