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April 22, 2024
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• Trio of Recent Signings Bring San Gabriel Valley Retail Center to 88% Leased
Three new tenants have inked deals for retail space at The Shops at The Alhambra, a 17.8k sf retail center adjoining The Alhambra Office Campus on Fremont Ave in the city of Alhambra. The property is owned by The Ratkovich Co...
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• Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Olga Walsh and Jack Wood with JLL Capital Markets arranged a $28 mil construction take-out loan for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood...
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• See the Speakers from RENTV's Greater L.A. State of the Market Conference
Below are photos of the speakers from RENTV's Greater Los Angeles State of the Market Conference, held August 17 in Culver City.
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• Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley
Rexford Industrial Realty recently closed on the purchase of two fully-leased, single-tenant industrial assets totaling 220.8k sf in the Santa Clarita Valley for $38 mil in an off-market deal. The properties are situated on...
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• Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Chris Collins and Brad Vansant with JLL Capital Market arranged $16.7 mil in construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located at 3050 W. 11th ...
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• Watch the Latest Episode of CRE Talk with Guest Barry DiRaimondo of SteelWave
Hosts Steve and Arnie interview Barry DiRaimondo, Co-Founder and CEO of SteelWave, the real estate firm with major investments in creative office, creative industrial and life science properties around the Western US. In this...
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• Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC
Cityview has completed work on Jasper, a 296-unit opportunity zone mixed-use project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly amenitized, mixed-us...
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• KB Homes Buys former Starlite Drive-In in El Monte for $24 Mil
A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte sold for $24 mil. The buyer, Los Angeles-based KB Homes, a Fortune 500 national home builder, will use the property to construct up to 200 new h...
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• Local Investor Buys Eight-Unit Multifamily Property in Long Beach
A local private investor paid $2.65 mil for an eight-unit ($331k/unit) multifamily property located at 1206 Gladys Ave in Long Beach. Built in 1986, 1206 Gladys Avenue features all two-bedroom, two-bathroom units with two h...
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• Long Beach Multifamily Property Goes for $398k/Unit
Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in Long Beach, was purchased by an LA-based private investor for $7.165 mil ($398k/unit). Built in 1963, the property includes four thre...
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• CGI+ Real Estate Investment Strategies Finishes Lazy Acres Store in L.A.ís Los Feliz Neighborhood
Work has been completed on a 31k sf, stand-alone grocery store in Los Angelesí Los Feliz neighborhood on behalf of Lazy Acres Natural Market. For the Santa Barbara-based grocery store chain, the location is the firmís sixth...
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• Investor Foots the Bill for Vans Store in Long Beach
A 3.7k sf, single-tenant retail property occupied by Vans in the historic Belmont Shore neighborhood of Long Beach sold for $4.325 mil ($1,153/sf). Built in 1926, the property is located at 5232 2nd St. The asset is triple n...
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• Inglewood Owner Lands $24.5 Mil in Refinancings on Two Inglewood Properties
Two properties in the City of Inglewood were refinanced for a single investor in transactions totaling $24.55 mil. The properties area a single-tenant medical office building and a single-tenant industrial asset, both located...
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• CapRock Partners Buys 92k sf Biz Campus in the San Gabriel Valley
CapRock Partners purchased Valley Center Business Park, a 6.47-acre multi-tenant industrial complex in the City of Industry. The asset includes approximately 92.4k sf of industrial warehouse space across six existing buildin...
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• Rosemead Development Site Sells for Over $8 Mil
A local investor paid $8.15 mil for a 2.06-acre, mixed-use residential/commercial development site in Rosemead. The property, located at 9637 Valley Blvd, consists of 12 contiguous parcels situated along Valley Blvd, with Lo...
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• KB Homes Acquires 13.5-Acre Parcel in the San Gabriel Valley
A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte traded for $24 mil. The buyer, Los Angeles-based KB Homes, a Fortune 500 national home builder, will use the property to construct up to 200 new...
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• Pacific Clinics Leases 18k sf of Office Space in South Pasadena
Pacific Clinics inked a lease for 18.4k sf of office space in South Pasadena. The property, located at 625 Fair Oaks, on the south side of the 110 Fwy, is owned by Greenbridge. Situated within L.A.'s Tri-Cities office submar...
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• L.A. County's Retail Market Struggles to Rebound in Q2 2023
This report was provided by commercial real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2, the changing economy caused a slowdown in L.A. County's retail market. Landlords with non-prime retail space exp...
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• San Fernando Valley Industrial Building Purchased for $289/sf
A 37k sf industrial building in the western San Fernando Valley community of Chatsworth traded for $10.7 mil ($289/sf). The property, located at 9223 Deering Ave, was previously home to a database management company. Locat...
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• Harbor Associates Buys Office Park in Valencia
In an investment deal in north L.A. County, Harbor Associates acquired The Commons of Valencia, a two-building, 156k sf Class A office park in Valencia. The asset, situated on just under nine acres at 25152 and 25124 Springfi...
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