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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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• Private Investors Trade Burbank MOB in $16 Mil Deal
12/12/24
A private investor paid $16.05 mil for a 47.7k sf ($336/sf), outpatient medical office building in Burbank. Located at 500 East Olive Ave, the eight-story property was 90% occupied at the time of the sale by 33 tenants, each ...
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• County of L.A. Spends $200 Mil on 1.3 msf Gas Company Tower
12/11/24
In a major L.A. office buy, the County of Los Angeles purchased The Gas Company Tower, a 1.3 msf, trophy high-rise in the heart of the city’s CBD, in a deal worth $200 mil, or $154/sf.
The Gas Company Tower is located at 55...
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• Captura Corp Leases Pasadena R&D/Flex Facility
12/09/24
Captura Corp recently leased an 8.4k sf R&D/flex building in Pasadena. Located at 60 N. San Gabriel Blvd, the state-of-the-art R&D/Flex facility features multi-million-dollar lab upgrades.
The property offers a full block o...
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• Oliver McMillan Secures $12.5 Mil on Culver Theater Property in the City’s Downtown
12/03/24
Oliver McMillan LLC recently secured senior financing of $12.5 mil on the Culver Theater, a 41.3k sf movie theater in the heart of downtown Culver City. The five-year, fixed-rate loan was arranged by JLL Capitakl Markets and ...
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• Total Safety U.S. Leases 52k sf Facility in L.A.’s Harbor Gateway Area
12/03/24
Total Safety U.S. Inc signed a seven-year lease worth $5.5 mil for a 52.6k sf industrial facility in the Harbor City area of Los Angeles. The property, located at 1405-1407 240th St, west of the 110 Fwy and north of Sepulveda...
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• USC Team Wins Silver Shovel at NAIOP SoCal’s Annual Real Estate Challenge
12/02/24
A five-member graduate student team from USC took home the silver shovel as the winner of the 27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge, held November 21 at USC.
The competition featured five-member graduat...
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• Grocery Outlet Leases Former Rite Aid Space in Hollywood
12/02/24
Grocery Outlet has leased a 16.5k sf former Rite Aid space within the Gower Shopping Center in the heart of Hollywood. The property is located at 6130 W Sunset Blvd, at the prominent, signalized intersection of Sunset Blvd an...
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• Owner/User Pays $10 Mil for Torrance Industrial Building
11/27/24
A 25.2k sf industrial building in Torrance was purchased for $10.2 mil ($405/sf) by George Giourof of KB Delta, a family-owned manufacturing and supply business.
The free-standing building, located at 3171 Fujita St, sits o...
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• Monrovia Medical Office Building Trades for Nearly $400/sf
11/27/24
Huntington Professional Center, a 20.6k sf, professional office and medical center in Monrovia, sold for $7.65 mil ($371/sf). The two-story building, located at 831 E. Huntington Drive, is 100% occupied.
The property is 20.6...
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