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• County of Los Angeles Inks Office Leases in Culver City and San Pedro
1/24/24
The County of Los Angeles recently inked two office leases totaling more than 25k sf in the cities of Culver City and San Pedro.
Mark E. Mattis with Avison Young represented the ownerships of both buildings in the transactio...
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• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• Sterling Investors LP Buys 43k sf Industrial Facility in Santa Fe Springs
1/19/24
Sterling Investors LP paid $11.25 mil for a 42.7k sf ($263/sf), Class A warehouse and distribution facility in Santa Fe Springs. The property is fully leased to a single tenant and features a 30-foot clear height, six dock-hi...
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• Bridge Logistics Properties Buys Compton Last Mile Logistics Building
1/17/24
Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Investment Group Holdings Inc, acquired a 57.7k sf, infill, last mile, logistics facility in the city of Compton. The property is located at 1215 W. Walnut St, east ...
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• NAIOP SoCal Announces 2024 Executive Committee and Board of Directors
1/17/24
The Southern California chapter of NAIOP has announced its 2024 Executive Committee and Board of Directors, including leaders from many of the most highly-regarded commercial real estate firms across Los Angeles and Orange co...
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• Industrial Facility in L.A.’s Arts District Sells for $620/sf
1/11/24
A 7.1k sf industrial warehouse property in the heart of Los Angeles’ Arts District sold for $4.4 mil ($620/sf). The asset was acquired by a premium developer, manufacturer, and distributor of branded apparel and other merchan...
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• Rexford Industrial Realty Ends 2023 with Two SoCal Buys and One Disposition
1/08/24
Rexford Industrial Realty Inc recently acquired two industrial property investments for an aggregate purchase price of $69.5 mil and sold one property for $11.3 mil. The acquisitions were funded using proceeds from forward eq...
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• University of California Acquires Former Westside Pavilion from Hudson Pacific Properties and Macerich in $700 Mil Deal
1/04/24
By Allen Wolfsheimer
The Regents of the University of California acquired One Westside and Westside Two in Los Angeles from Hudson Pacific Properties and Macerich in a $700 mil transaction. Hudson Pacific held a 75% interest...
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• BWE Secures Over $26 Mil for Seniors and Affordable Housing Across the Country
1/04/24
BWE closed four financings totaling over $26 mil to refinance, build, and preserve four seniors and affordable housing properties in California, Massachusetts, Ohio, and Florida. The CA financing was for a 99-unit, age-restri...
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• Pricing Pressures Illuminate the Balancing Act in Southern California's Office Real Estate Transition
1/03/24
This report was provided by real estate services firm N.A.I. Capital Commercial
Toward the yearend, Southern California witnessed a decline in office building sales, signaling a shift in individual markets. The slowdown in s...
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• Los Angeles Industrial CRE Market Update – 4th Qtr. 2023
12/28/23
This report was provided by real estate services firm Kidder Mathews
Market Highlights
• Direct market vacancy in Los Angeles currently at 3.7%.
• At the conclusion of the year, the average asking rate was lowered to $1.75...
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• Office Building on L.A.’s Westside Trades in $45 Mil Deal
12/27/23
A joint venture between Harbor Associates LLC and F&F Capital Group has acquired a five-story, 164.7k sf Class A creative office building on Los Angeles’ westside for $44.7 mil ($271/sf). The building is located at 1640 Sepul...
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• Aon Tower in Downtown Los Angeles Trades for $147.8 Mil
12/26/23
Aon Center, a 1.1 msf office tower at 707 Wilshire Blvd in downtown Los Angeles, traded hands in a $147.8 mil transaction. The deal, which works out to about $134/sf, is the largest post-pandemic office sale in downtown Los ...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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• Temple City Res Development Opens to the Public
12/22/23
Begonia Place, a four-story, 74-unit residential/retail development in Temple City, has been completed and is now open to the public. The $37.8 mil project was built by C.W. Driver Companies on behalf of Begonia Real Estate D...
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• Exchange Investor Pays $324/sf for Inglewood Retail Center
12/19/23
An L.A.-based exchange investor bought a 12.8k sf, multi-tenant retail center anchored by Dollar General in Inglewood for $4.15 mil ($324/sf). The seller was also a private investor based in Los Angeles.
Built in 1961 and re...
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• DCW Inc Leases 115k sf Industrial Facility in Rancho Dominguez
12/15/23
DCW Inc, a warehousing, fulfillment, distribution, and transportation services company, inked a $10.08 mil lease for a 115.7k sf industrial warehouse property in Rancho Dominguez. The property, located at 3040 E. Ana St, is o...
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• Private Investor Exchanges into Five Res Properties in Torrance and Long Beach
12/14/23
A private investor has purchased five multifamily properties in Torrance and Long Beach from different sellers to fulfill their 1031 exchange requirement following the sale of a 3.82-acre property in Torrance.
CBRE’s Dan Bl...
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