|
• City of Industry Industrial facility Fetches $60 Mil
10/29/24
A 282.4k sf industrial property in the City of Industry was acquired for $59.9 mil ($212/sf) by Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant. Built in 1981, the property is located ...
|
• L.A. Area Industrial Redevelopment Site Sells for Over $32 Mil
10/24/24
A 124.5k sf, LA-area industrial property has traded for $32.425 mil in an acquisition viewed as a strong redevelopment opportunity. The property, situated on 7.22 acres at 16930 Valley View Ave in La Mirada, has entitlements ...
|
• Bellflower Apartment Property Sells for $175k/Unit
10/22/24
A 32-unit multifamily property in the city of Bellflower traded for $5.6 mil, or $175k/unit. The property, located at 15741 Blaine Ave, was acquired by a private investor.
Built in 1955, the property at 15741 Blaine Avenue o...
|
• Unique L.A. Area Theater Property Hits the Market
10/22/24
Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is lo...
|
• L.A. County’s Office Market Navigates Challenges as Property Sales Set New Benchmarks
10/21/24
This report provided by NAI Capital Commercial
MARKET OVERVIEW
The recovery of L.A. County’s office market remains hindered by weak demand, unoccupied new construction, and rising vacancy rates. However, the slower pace of...
|
• Apartment Building in L.A.’s Castle Heights Area Sold for Just Over $200k/Unit
10/18/24
An 11-unit multifamily property at 3280 Provon Lane, just north of National Blvd, in the Castle Heights neighborhood of Los Angeles sold for $2.35 mil, or $213.6k/unit.
The property, which includes a non-conforming unit, of...
|
• Bolour Associates to Develop 61-Unit Res Project in East Hollywood’s Melrose Hill Neighborhood
10/16/24
Bolour Associates Inc has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood.
Located at 4800 W. Melrose Ave in Los Angeles, the project will i...
|
• Iconic Dolby Theatre in Hollywood Trades Hands
10/16/24
JEBS Hollywood Entertainment LLC purchased the Dolby Theatre, an iconic Hollywood live performance entertainment auditorium in Hollywood, in a transaction said to have come in at around $50 mil. Built in 2001, the 3,400-seat,...
|
• Gortikov Capital Buys Affordable Housing Portfolio in Santa Monica for $120 Mil
10/15/24
Gortikov Capital has acquired, Samo Collection, a portfolio of 399 income- and rent-restricted affordable housing units across 11 buildings in the City of Santa Monica, for $120 mil.
Gortikov Capital plans to undertake targ...
|
• Opportunities Emerge as Vacancy Continues Two-Year Rise in L.A. County Industrial Market
10/14/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q3 2024, the industrial space vacancy rate in L.A. County rose to 5.5%, reflecting a 180-basis-point (bps) increase year-over-yea...
|
• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
|
• Commercial Real Estate Financing Briefs
10/14/24
GREYSTONE MONTICELLO -- Darryl Myrose with Greystone Monticello closed on two bridge loans totaling $40.3 mil for two apartment complexes in Las Vegas, NV. The purpose of the loans is to refinance the outstanding bridge loans...
|
• 27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held on November 21
10/10/24
NAIOP SoCal’s popular real estate challenge returns on November 21 when a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business competes against a five-member graduate st...
|
• Pasadena Medical Office Building Sells for $560/sf
10/10/24
A 20k sf, multi-tenant medical office property in Pasadena sold for $11.3 mil, or $563/sf. Located at 1038-1044 S Fair Oaks Ave, the two-story, building is occupied by Acuity Eye Group and Pasadena Advanced Surgery Institute....
|
• Forner Boy Scouts HQ Building in Pasadena Sells for $5.5 Mil
10/09/24
A private investor paid $5.5 mil for a 15k sf ($367/sf) office building on a 65.6k sf lot in Pasadena. The asset was sold by Greater Los Angeles Scouting (formerly Greater Los Angeles Area Boy Scouts of America). It was 100% ...
|
• Drawbridge Realty and KKR/Global Atlantic Spend $185 Mil on Santa Monica Office Property
10/08/24
Drawbridge Realty, out of San Francisco, has acquired Arboretum Gateway, a 225.8k sf, creative office HQ property in Santa Monica, in a venture with KKR/Global Atlantic. The six-story property, located at 2220 Colorado Blvd i...
|
• Visionary Developments Buys 10k sf of Land in East Hollywood
10/07/24
Visionary Developments, run by Tobias and Terry Harris, paid $1.9 mil for a 10k sf double lot in L.A.’s East Hollywood submarket. The asset traded for $190.27 per square foot of land.
The property is located at 4541- 4545 S...
|
• Drawbridge Realty Buys 225k sf HQ Building in Santa Monica
10/07/24
Drawbridge Realty purchased a 225.8k sf, six-story Class A headquarters building located in Santa Monica’s highly-desirable media district. The property, located at 2220 Colorado Ave, also known as Arboretum Gateway, is at th...
|
• The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
The Bradmore Group has completed construction on 42XX, a new creative, mass timber office campus in Marina del Rey. Located at 4204 Glencoe Ave, the 42XX campus spans three acres and comprises three interconnected low-rise bu...
|
• Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Houston-based global investment firm Hines has acquired a 2,460-unit self-storage facility in Cerritos, CA for $91 mil. The 260.3k sf Extra Space Storage property was sold by a joint venture between Los Angeles-based self-sto...
|
Return to the Southern California - Los Angeles County area
