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• Multifamily Sector Leads the Commercial Real Estate Market in L.A. County
4/02/24
This report was provided by real estate services firm NAI Capital Commercial
Throughout the first quarter of 2024, L.A. County's commercial real estate market responded to prevailing economic trends by witnessing a predomin...
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• Greystar Real Estate Partners and The Resmark Companies Secure $95 Mil in Construction Money for Santa Clarita Res Project
3/29/24
A joint venture between Greystar Real Estate Partners and The Resmark Companies is one step closer to breaking ground on a 259-unit res development in Santa Clarita after obtaining a senior construction loan of $95 mil from K...
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• R&V Management and Trammell Crow Residential Secure $200 Mil for Construction of a 600-Unit Res Project in Downtown Long Beach
3/26/24
A major residential development in downtown Long Beach is closer to getting underway, as R&V Management and Trammell Crow Residential (TCR) have obtained $200 mil in financing for Alexan West End, a 600-unit multifamily commu...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• Construction Started on Res Development in the City of Walnut
3/25/24
Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Blvd in Walnut, CA. Construction of the first product type, a single family two-story unit, began in...
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• Proposed Hollywood Creative Office Project Really Puts the Creative in Office
3/21/24
Los Angeles-based real estate development firm The Star LLC has submitted revised design plans for a proposed $1 bil “vertical creative office" campus on a two-acre lot at 6061 W. Sunset Blvd. The project is hoped to capture ...
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• Hollywood Office Building Trades in $5.4 Mil Deal
3/20/24
Big Sunday, a non-profit committed to helping others through service projects and giving opportunities, has purchased a 6.7k sf office building in Hollywood for $5.375 mil ($802/sf). The structure sits on an 18k sf lot at 174...
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• Property within Glendale’s “Brand Boulevard of Cars” Trades for Over $3 Mil
3/14/24
A two-building, 6.7k sf retail/commercial asset in Glendale sold for $3.15 mil, or $468/sf. The asset is located at 1212 S. Brand Blvd, within “Brand Boulevard of Cars”, a car shopping destination situated in the Glendale sub...
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• Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan
3/13/24
Pacific Equity Properties recently obtained $135 mil in construction take-out financing on Cross Creek Ranch, a 122.3k sf, trophy, Class AA mixed-use property in Malibu. The property consists of 71.6k sf of retail and 50.7k s...
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• Mixed-Use Building in DTLA’s Fashion District Sells for Over $300/sf
3/13/24
A 43.7k sf, mixed-use retail/office property in Los Angeles traded hands for $13.45 mil ($308/sf) in a recent REO sale. The four-story building is located at 1001 Towne Ave, in the heart of the city’s fashion district downto...
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• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
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• Baldwin Park Property Portfolio Fetches $12.3 Mil
3/07/24
In Baldwin Park, an eight-building portfolio totaling 46.8k sf of space across 3.63 acres fetched $12.33 mil ($263/sf). The properties traded in five separate transactions:
• 5124 and 5130 Heintz St - totaling 17.6k sf on 41...
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• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
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• New Labor Law, Rising T.I. Costs and More – JLL Pros Comment on Retail in Los Angeles
3/04/24
Real estate services firm JLL recently released two retail reports – one on the overall retail outlook and the other a grocery report. Below is a Los Angeles-centric perspective on both topics provided by three of the firm’s...
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• Vernon Facility Purchased by Owner/User in $13.75 Mil Transaction
3/01/24
A 40.1k sf industrial property in the city of Vernon was acquired for $13.75 mil ($342/sf) by Privy, an apparel wholesaler. The firm plans to use the property as its expanded headquarters.
The property is located at 2640 E. ...
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• Apartment Building in L.A.’s Melrose Area Goes for $330k/Unit
2/29/24
A 10-unit apartment property in Los Angeles’ Melrose area sold for $3.3 mil, or $330k/unit. Built in 1965, the property is located at 812 N Martel Ave, a block north of Melrose Ave between Fairfax and La Brea Aves.
The value...
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• San Fernando Valley Apartment Building Trades for $156k/Unit
2/28/24
A 20-unit apartment property in the eastern San Fernando Valley community of Panorama City sold for $3.115 mil ($156k/unit). Built in 1958, the property is located at 14735 Blythe St, west of Van Nuys Blvd and south of Roscoe...
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• EverBank Leases former Chase Bank Building in Encino
2/28/24
EverBank inked a 10-year lease for a 3.7k sf retail bank space in Encino. Situated on a prominent corner at 15903 Ventura Blvd, the former Chase bank location is a freestanding retail building on a 7k sf lot.
Offering high ...
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• Private Investor Picks Up Two Industrial Properties in the San Fernando Valley for Over $30 Mil
2/27/24
Palatine Capital Partners acquired two large multi-tenant industrial parks totaling 183.6k sf in the eastern San Fernando Valley in a $30.6 mil ($167/sf) transaction.
The purchase includes:
• 820 Thompson Ave in Glendale —...
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• Culver City Office Building Acquired by Owner/User
2/26/24
A vacant 27.1k sf office building located in Culver City was acquired by an unnamed owner/user in a recent transaction. The property is located at 5995 Sepulveda Blvd, just south of the 90 Fwy and adjacent to the east side of...
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