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• Commercial Real Estate Financing Briefs
2/17/25
JLL CAPITAL MARKETS -- Jason Carlos with JLL Capital Markets arranged a $16.5 mil senior loan for Sterling Grove, a newly constructed Safeway-anchored retail center in Surprise, AZ. Developed in 2023 by Common Bond Developmen...
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• San Pedro Waterfront Development Lands $61 Mil Recapitalization
2/17/25
West Harbor, a planned 42-acre waterfront dining, entertainment and retail development adjacent to the Port of San Pedro, has been recapitalized with new financing of $61.5 mil. Located at 612 – 1422 S. Harbor Blvd, West Harb...
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• Skechers Leases 12k sf Structure in Torrance
2/17/25
Skechers has inked a 10-year lease for an 11.8k sf, former Walgreens free-standing building in South Torrance. The building sits on a 41.8k sf lot at 2690 Pacific Coast Highway, a prominent South Torrance signalized intersect...
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• Landrock LP and Pendulum Property Partners Buy Class Office Building in Glendale for $56 Mil
2/14/25
In a Glendale office buy, a partnership between Landrock LP and Pendulum Property Partners purchased 505 North Brand Blvd, a 329.4k sf, recently renovated Class A tower. The price was about $56 mil, or $170/sf.
The building ...
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• Los Angeles County Signs Lease for 44k sf of Office Space in the City’s Miracle Mile District
2/13/25
Los Angeles County agreed to a lease for 43.8k sf of office space at SAG-AFTRA Plaza, an 11-story, 530k sf Class A office building at 5757 Wilshire Boulevard in Los Angeles’ Miracle Mile submarket. The move represents an exp...
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• Antelope Valley Industrial Building Sells for Almost $200/sf
2/12/25
A private trust paid $4.4 mil for a 22.4k sf ($196/sf), industrial investment property in Palmdale. The free-standing building sits on 51k sf of land at 38960 Trade Center Dr, in the northeast portion of Los Angeles County’s ...
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• Commercial Real Estate Financing Briefs
2/07/25
AVATAR FINANCIAL GROUP -- Avatar Financial Group LLC has provided a $56 mil loan for Williams Village, an infill redevelopment project in Boulder, CO. The two-year loan allows the borrower to buy out two remaining ground leas...
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• Westport Properties Buys 2,284-Unit SoCal Self-Storage Portfolio
2/07/25
Westport Properties has acquired a self-storage portfolio comprising two StorQuest Self Storage (managed) assets in Southern California. The properties, located in Carson and Carlsbad, total 2,284 units and 270.8k sf of space...
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• Apartment Property in L.A.’s Mar Vista Area Sells for $429k/Unit
2/05/25
Mar Vista Lofts, a well-maintained 21-unit multifamily building in Los Angeles’ Mar Vista neighborhood, traded hands in a $9 mil ($428.5k/unit) deal. Constructed in 2012, the property sits on a double lot located at 3992-3996...
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• Warner Center Office Building Lands $12.7 Mil Refi Loan
2/05/25
Warner Center Business Park, a six-story, 93.6k sf office property in Warner Center, was refinanced with a new permanent loan for $12.7 mil. The Class A property, located at 5950 Canoga Ave in the western San Fernando Valley,...
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• Calabasas Office Building Acquired by Cross Ocean Partners and Palisade Group
2/05/25
A joint venture between Cross Ocean Partners and Palisade Group purchased 4500 Park Granada, a three-story Class A office building in Calabasas, California. The price was not disclosed.
The property is situated on a 20-acre ...
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• Hear and Network with L.A. CRE Pros at State of the Market Conference
1/31/25
RENTV's 2025 Greater Los Angeles conference will be held on March 26 at the Hilton Los Angeles Culver City Hotel from 8:00 AM - 2:45 PM. The event will feature high-powered panels of top local executives and dealmakers discus...
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• Bridge Logistics Properties Acquires 5.6-Acre Site in the City of Commerce
1/31/25
Bridge Logistics Properties (BLP) acquired a 5.6-acre site at 4542 Dunham in the City of Commerce. BLP intends to market the existing 122k sf building for lease while simultaneously pursuing entitlements for a new 127k sf sta...
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• Culver City Creative/Mixed-Use Property Trades for $14.8 Mil
1/31/25
In a recent Culver City trade, Montana Avenue Capital Partners purchased a 57.9k sf, mixed-use building for $14.85 mil ($256/sf). The two-story, two-building property, known as Campus 56, is located at 5600-5650 W. Centinela ...
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• Hudson Pacific Sells Creative Office Property in Downtown LA Arts District
1/30/25
In a notable trade in Downtown L.A.’s Arts District, Hudson Pacific Properties collected $46 mil from the sale of Maxwell, a creative office property. Tenants include Accenture, Califia Farms and Twitch.
Maxwell is located a...
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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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