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• El Segundo Industrial Facility Being Converted into a California SMASH - Pickleball and Social Club
7/16/24
California SMASH - Pickleball and Social Club inked a lease for a 25.3k sf building in El Segundo for a new California SMASH - Pickleball and Social Club. The converted industrial building is located at 815 N. Nash, east of S...
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• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
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• Dunleer Spends Over $9 Mil for Two SoCal Industrial Assets
7/09/24
L.A.-based Dunleer acquired two fully occupied, SoCal multi-tenant business parks in deals totaling $9.39 mil. The properties are located in Huntington Beach and Baldwin Park and total 40k sf of space.
In one of the deals, t...
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• Dean Zander Joins Newmark as Vice Chairman
7/05/24
Dean Zander has joined Newmark as Vice Chairman, based in the Century City office in West Los Angeles. Zander brings over three decades of experience in the multifamily sector throughout Southern California, closing transacti...
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• L.A. County Commercial Real Estate Faces Summer Slowdown Amid Rising Vacancies and Mixed Rent Trends
7/05/24
This report provided by real estate services firm NAI Capital Commercial
Los Angeles County's commercial real estate markets slowed in the first half of 2024, heading into the slow days of summer, with vacancy rates rising, ...
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• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
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• North Hollywood Industrial Facility Fetches $484/sf in Competitive Market
7/01/24
A 5k sf, freestanding industrial building in North Hollywood sold for $2.4 mil ($484/sf). The building, located at 5358 Cartwright Ave, is situated in the vibrant North Hollywood Arts District.
The property sits on an 11.9k...
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• Premier Workspaces Opens Fourth Location in Beverly Hills
6/27/24
Leading flexible workspace provider Premier Workspaces has just opened a new location in Beverly Hills, the firm’s fourth center in the city. Located at 9465 Wilshire Blvd, this latest center is within the city’s Golden Trian...
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• Historical Property in Santa Monica Trades for $1,660/sf
6/27/24
A 1.5k sf retail property in Santa Monica traded hands for $1,660 per square foot in a recent $2.49 mil sale. Located at 3116 2nd St, the building formerly housed The Powerhouse theater.
The property is on the list of Califo...
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• Strip Center in West Covina Goes for Over $300/sf
6/26/24
A 7.8k sf retail strip center in West Covina sold for $2.44 mil, or $312/sf, in an all-cash deal. The multi-tenant center, located at 532-540 North Azusa Ave, just north of the I-10 Fwy, was 100% occupied at the time of sale....
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• San Gabriel Valley Biz Campus Trades in $9.2 Mil Deal
6/25/24
Arrow Pines Business Park, a 44.1k sf industrial business park in San Dimas, was acquired by a private investor for $9.23 mil ($209/sf). The park sits on 3.17 acres at 210 and 260 West Arrow Hwy and 440 South Cataract Ave in ...
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• Upscale Multifamily Property in L.A.’s Brentwood Neighborhood Lands New $49 Mil Loan
6/21/24
Gortikov Capital has secured a $49.5 mil floating rate senior bridge loan on Luxe Villas, a 60-unit, Class A multifamily building in the upscale L.A. neighborhood of Brentwood. Developed in 2005 and fully renovated in 2023, t...
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• Ravello Holdings and WNC & Associates to Build Single-Family Affordable Housing Project in Lancaster
6/20/24
Ravello Holdings and WNC & Associates have closed a deal to begin construction on Maison’s Sierra, an affordable housing community comprised of 196 single-family affordable rental homes in the north L.A. County city of Lancas...
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• Trammell Crow Company Picks Up San Fernando Valley Site for 350-Unit Res Project
6/20/24
Trammell Crow Company has purchased a 4.78-acre site in the San Fernando Valley with plans to build a residential development on the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit m...
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• Check Out the Line-Up of CRE Pros Speaking at RENTV's Greater Los Angeles State of the Market Conference on June 27
6/17/24
Click HERE to sign up or to learn more.
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• Res Development in L.A.’s Koreatown Recapitalized with New Loan for $21.6 Mil
6/17/24
EGC Real Estate Group has recapitalized Kanvas, its recently completed 67-unit apartment building in Los Angeles’ Koreatown submarket, with a new loan for $21.6 mil. Financing was arranged by Priority Capital Advisory and pro...
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• J.H. Snyder Completes Renovation of 530k sf Office Property in L.A.’s Miracle Mile Area
6/17/24
J.H. Snyder has completed a multi-million-dollar renovation at 5757 Wilshire Boulevard, a Class A, 11-Story office building totaling 530k sf in L.A.’s the Miracle Mile submarket. In addition, there have been multiple leases t...
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• Nadia Geller Designs Completes Interior Design Project at DTLA Res Development
6/14/24
Nadia Geller Designs (NGD) has completed the interior design installation at Cityview’s Jasper, an apartment development in Los Angeles.
Located at 2528 S. Grand Ave in Los Angeles, on the northeast corner of W. Adams Blvd...
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• Signal Hill Retail Strip Center Sells for $363/sf
6/14/24
Tova Capital has acquired East Willow Village, an 18.6k sf retail strip center in Signal Hill, for $6.75 mil ($363/sf) in an off-market transaction. East Willow Village, located on a nearly two-acre site at 2201 E. Willow St ...
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• Los Angeles’ Multifamily Investment Market Picking Up as Investors Look to Move Capital Away from Office and Single-Family Products
6/12/24
This market sound bite provided by real estate services firm Avison Young
The Los Angeles multifamily investment market is picking up as major investors look to move capital away from office and single-family products, acco...
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