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• Universe Holdings Collects $10 Mil from Sale of Two Multifamily Properties in L.A.’s South Bay
1/27/25
Universe Holdings sold two apartment properties totaling 32 units in L.A.’s South Bay area for a combined price of $10.1 mil.
One of the properties, Space Odyssey, a 14-unit building in Hawthorne, sold for $4.2 mil, or $300...
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• The Toy Association Inks Lease for 95k sf in El Segundo
1/22/25
The Toy Association has signed a lease for 95k sf of space at 101 Continental, a 15-story, 339.5k sf office building in El Segundo. Terms of the deal were not disclosed.
The Toy Association will move into four floors of the ...
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• Early Signs of Stabilization in LA County’s Office Market as Q4 2024 Vacancy Rates Reach Trough
1/20/25
This report provided by real estate services firm NAI Capital Commercial
Although challenges persist with easing vacancies and cautious landlords, the market is beginning to stabilize, with a slight increase in occupancy sho...
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• New Luxury Res Development in the San Gabriel Valley Has Begun Leasing
1/20/25
Leasing is now underway at Solana at Duarte Station, a new 292-unit luxury apartment community in the eastern San Gabriel Valley city of Duarte. The project, a development of MBK Rental Living, is situated adjacent to the pre...
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• 55k sf Encino Office Building Gets New Owner
1/14/25
A 55.2k sf office building located at 16200 Ventura Blvd in Encino was acquired by PS Country Club LLC. The price was not disclosed.
The four-story building was built in 1974 but has recently undergone extensive capital imp...
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• City of Los Angeles Buys Five Acres of Land in Harbor City
1/09/25
The City of Los Angeles acquired 4.95 acres of vacant land in Harbor City in a $12 mil transaction. The seller was Brea Canon Oil Company.
Located at 23903 Normandie Ave in LA’s South Bay submarket, the site is currently und...
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• UCLA Launches New Master of Real Estate Development Program
1/09/25
UCLA is launching a master of real estate development program, or MRED, which combines the resources of America’s top-ranked public university with hands-on learning from industry leaders in one of the world’s most dynamic re...
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• Access Services Spends $35 Mil on Compton Industrial Site
1/08/25
A 6.09-acre industrial site in Compton, was acquired by Access Services, a partial user-buyer, in a $35 mil transaction. The property is located at 15914 S. Avalon Blvd, just north of Alondra Blvd.
The site includes a 75.4k ...
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• Commercial Real Estate Financing Briefs
1/08/25
BWE – Mike Guterman with BWE arranged a $20 mil bridge loan to finance the redevelopment of an 85k sf Sears outparcel building, adjacent to the Marketplace at Merced shopping mall located in Merced. The redevelopment will see...
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• West Harbor Capital Buys 34k sf Industrial Facility in Redondo Beach
1/06/25
West Harbor Capital has acquired a 33.7k sf industrial building in Redondo Beach. The building is located at 2551 Santa Fe Ave, west of I-405 between Los Angeles International Airport and the ports of Los Angeles and Long Bea...
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• Montclair Restaurant Building Sells for $400/sf
1/03/25
A 6.2k sf, fully built-out restaurant property in Montclair sold for $2.5 mil, or $403/sf. The structure, located at 9345 Monte Vista Ave, was previously occupied by a Red Lobster restaurant that closed earlier this year.
T...
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• Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Cityview and Stockbridge have topped out on Apollo, a 265-unit community in Los Angeles’ South Bay. The eight-story development’s wood framing is now complete, with the project on schedule to complete in 2025.
Apollo is loc...
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• Ambulance Service Leases 41k sf Industrial Facility in Sylmar
12/30/24
PRN Ambulance signed a long-term lease for a 41.5k sf industrial building in Sylmar. Terms of the deal were not disclosed.
The building is located at 12840 Bradley Ave, off Polk St between I-5 and I-210. Built in 1969 and re...
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• Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
Cityview has acquired Candela, a 112-unit value-add res property nestled in the Hollywood Hills and Franklin Village neighborhood of Los Angeles. The three- and four-story multifamily project features spacious one- and two-be...
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• Envision / Faring Venture Pays $90 Mil for Beverly Hills Office Building
12/24/24
A 133k sf office building in Beverly Hills traded hands in a $90 mil transaction that works out to $675/sf. The property, located at 9242 Beverly Blvd, at the intersection of Beverly and Santa Monica Blvds, was acquired by a ...
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• Brookfield Properties Awards Leasing Assignment for DTLA Mixed-Use Campus to Colliers
12/23/24
Brookfield Properties has awarded the leasing assignment for California Market Center (CMC), the 1.9 msf hub for creative office and mixed-use space in Downtown Los Angeles, to Colliers. The unique asset is located at 110 E. ...
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• West Hollywood Apartment Property Trades for $252k/Unit
12/20/24
A 40-unit multifamily property in West Hollywood traded for $10.1 mil, which works out to $252k per unit and $397/sf. The property, located at 1260 Hayworth Ave, was acquired by Festival Companies.
Nestled between Sunset Blv...
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• Christopher Larimore and Tish Childs to Lead New Property Management Division at Lee & Associates
12/16/24
Christopher Larimore and Tish Childs have formed a property management division at Lee & Associates, based in the firm’s Pasadena office. The team will service the Los Angeles, Orange, and San Bernardino regions of Southern C...
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• Creative Office Building in El Segundo Sells for Over $500/sf
12/13/24
A 17k sf creative office building in El Segundo traded hands in a recent $9.2 mil ($541/sf) deal. The property, located at 1600 Franklin Ave, includes 39 parking stalls.
Originally constructed in 1955 and later renovated by ...
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• Virco Manufacturing Renews Lease for 559k sf Torrance Facility
12/12/24
Virco Manufacturing has inked a 65-month lease renewal for a 559k sf facility in Torrance. The building, situated on over 23.5 acres at 2027 Harpers Way, east of Van Ness Ave and south of Del Amo Blvd, is owned by Prologis. V...
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