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April 22, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Santa Monica Medical Office Building Sells for $1,667/sf
5/12/23
In Santa Monica, a 3k sf medical office building traded in a $5 mil ($1,667/sf) transaction. The property is located at 520 Arizona Ave, in the city’s downtown area. Mitch Stokes with Avison Young (formerly of Madison Partne...
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• Pomona Industrial Property Trades for $2.8 Mil
5/11/23
A 35k sf industrial land parcel in Pomona sold for $2.8 mil, or $80/sf. The property is located at 1143 W 2nd St in an industrial pocket of the East San Gabriel Valley industrial submarket. The land is zoned M1 - Light Indu...
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• BKM Capital Partners Closes $25 Mil Purchase of San Fernando Valley Industrial Campus
5/10/23
BKM Capital Partners has purchased Valley East Industrial Park, and 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the property will be renamed Bac...
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• Long Beach Apartment Property Gets New Owner in $5 Mil Deal
5/07/23
A two-building, 16-unit apartment property in Long Beach sold for $5 mil, or $312.5k/unit. The property is located at 916 to 924 St. Louis Ave. Built in 1963 and 1972, the property includes a unit mix ranging from one-bedroo...
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• Multifamily Building in L.A.’s Koreatown Sells for Over $200k/Unit
5/05/23
The Avalon Apartments, a 47-unit multifamily property located in the Koreatown neighborhood of Los Angeles, traded in a $9.75 mil ($207.4k/unit) transaction. With the onset of Measure ULA looming, escrow opened and closed the...
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• Partners Capital Buys South Bay Biz Campus
5/04/23
Partners Capital, based in Los Angeles, acquired Carson Business Park, a 38.2k sf five-building industrial park situated on 1.9 acres in the city of Carson. Located at 401 – 409 Gardena Blvd, the property was 100% leased at ...
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• Commercial Real Estate Financing Briefs
5/04/23
TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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• Naked Wardrobe to Dress Up Calabasas Facility after HQ Purchase
5/03/23
Naked Wardrobe acquired a 90.4k sf, Class A commercial property in Calabasas it will utilize as its new headquarters location, which is an expansion from their previous Northridge location. Naked Wardrobe is an affordable lux...
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• Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil
5/03/23
A six-property, L.A. County multi-housing portfolio sold for a total price of $53.55 mil in three separate transactions to different buyers. The assets were sold by a corporate fiduciary acting on behalf of an LLC. The apart...
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• Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased
5/02/23
The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park developed by a joint venture between Trammell Crow Company and Clarion Partners in Santa Clarita, is fully leased ahead of delivery. DrinkPAK, a be...
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• Premier Workspaces Opens Shared Workspace at Iconic Fox Plaza in Century City
5/01/23
Irvine-based Premier Workspaces has inked a 10-year lease for 14.5k sf of shared office space with The Irvine Company at their iconic 2121 Avenue of the Stars building (formerly Fox Plaza) in Los Angeles’ Century City. Cons...
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• Prologis Inks Weee Deal in Santa Fe Springs
5/01/23
Weee! Inc, the leading Asian and Hispanic e-grocer in the U.S., inked a lease for Prologis Mid Counties Distribution Center, a 146.6k sf industrial facility in Santa Fe Springs. Weee! is expanding from their existing cold sto...
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• NAI Capital Commercial Launches Property Management Service
4/26/23
NAI Capital Commercial has launched a new property management division called Capital Commercial Management. The new service will provide tailored property management solutions and further strengthen the firm’s service offeri...
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• Master-Planned 34-Acre Development Site in the Santa Clarita Valley Offered for Sale
4/26/23
A 34.4-acre site known as The Bluffs at Valencia, located within the master-planned community of FivePoint Valencia in the Santa Clarita Valley, has been listed for sale. CBRE’s Craig Peters and Sam Glendon are marketing the ...
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• Renovation Work on Multifamily in L.A.’s Victor Heights Neighborhood Completed
4/25/23
VF Developments LLC, a minority and female owned and run company, has reintroduced “920 Everett”, a 2000s built, six-unit multifamily property in Los Angeles’ Victor Heights neighborhood, after completing major renovations. V...
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• Colliers Awarded Leasing and Management of DTLA Office Tower
4/24/23
Colliers has been awarded the exclusive leasing and property management assignment of Downtown Los Angeles’ Gas Company Tower at 555 West 5th Street. The firm was retained by Gregg Williams of Trident Pacific Real Estate, who...
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• San Fernando Valley Apartment Building Sells for $231k/Unit
4/24/23
In a recent multifamily comp out of the San Fernando Valley, a 13-unit property located at 13440 Victory Blvd in Van Nuys sold for $3 mil, or $231k/unit. At the time of closing, five units were vacant and in various stages of...
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• J&L Realty Partners Pays $23 Mil for Hollywood Office Property
4/24/23
J&L Realty Partners purchased a five-story, 39.2k sf office building in the heart of Hollywood for $23 mil ($587/sf). It is located at 1777 Vine St, north of Hollywood Blvd. The property, which is situated directly across th...
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• Downtown L.A. Multifamily Property Sells for $17.5 Mil
4/21/23
The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 mil, or $417k/unit. The buyer was a local investor. Located at 1136 W. 6th St in one of the most desira...
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• ZEALOT Leases Top Floor Space at Hollywood High-Rise
4/20/23
ZEALOT has inked a long-term lease for 13k sf of space at Hollywood Entertainment Plaza located at 7080 Hollywood Blvd in the heart of Hollywood. ZEALOT, a creative marketing agency, will occupy the entire top floor of the 11...
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