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Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry 10/17/23 Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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Hawthorne Mall Property Listed for Sale by The Charles Company 10/17/23 The Charles Company has listed the Hawthorne Mall property in L.A.’s South Bay area for sale or long-term ground lease. The vacant property consists of a roughly 1 msf shopping center situated on about 25 acres.
The propert...
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Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility 10/17/23 In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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Compton Warehouse Gets New Owner in $16 Mil Trade 10/16/23 A 43.5k sf warehouse property in Compton was purchased by a private investor in a $16 mil ($368/sf) transaction. The property is located at 1303 West Walnut Pkwy, east of Central Ave and just north of the 91 Fwy.
The propert...
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Calabasas Office Complex Trades to Investment Entity of Local Industry Pros 10/12/23 Calabasas Courtyard, a three-building office project located in the western San Fernando Valley city of Calabasas was acquired by Calabasas Courtyard LLC, an investment entity comprised of industry veterans Brian Forster of ...
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NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus 10/11/23 The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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Two Recent Long Beach Apartment Sales Total Over $7 Mil 10/11/23 Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit).
In one of the transactions, a seven-unit multifamily property at 122 E....
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Los Angeles County Industrial Market Shifts Amid Supply Surge in Vacant Sublease Space 10/10/23 This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The industrial market in Los Angeles County underwent a complete turnaround as it shifted away from the relentless demand for wareho...
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Office/Flex Building in the San Gabriel Valley Trades in $25 Mil Deal 10/10/23 A 122k sf office/flex building in the San Gabriel Valley city of Monrovia traded for $25 mil, or $205/sf. Located at 222 E. Huntington Dr, the asset is the largest office building ever sold in the city and also fetched the hi...
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Hoonie Kang Promoted to Managing Partner at Kearny Real Estate Company 10/09/23 Hoonie Kang has been promoted to Managing Partner at Kearny Real Estate Company. In his new role, Kang will oversee the day-to-day operations of the firm, allowing Kearny Founder and Chairman Jeff Dritley to focus on bigger p...
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Mixed-Use Project in L.A.’s Los Feliz Neighborhood Lands $90 Mil Refi 10/09/23 A joint venture of LaTerra Development and Clarion Partners has secured $90 mil in refinance money for The Louise, a newly constructed, upscale multifamily mixed-use property in L.A.’s Los Feliz neighborhood. The project, fea...
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Renovation Completed on California Community Foundation HQ in DTLA 10/06/23 The new 54k sf, California Community Foundation (CCF) HQ facility is now open. Designed by SRK Architects Inc, the renovation project entailed both an interior and exterior redesign of the four-story building, located at 717 ...
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Commercial Real Estate Financing Briefs 10/06/23 NORTHMARQ - Northmarq’s Aaron Beck, Wyatt Campbell and Conor Freeman, in partnership with Mikee Anderson-Mitterling of Ballast CRE, secured a $46.5 mil refinance for Union Apartments, a 170-unit apartment community in Chula V...
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City of Industry Facility Finds New Tenant in Action-Packed Deal 10/04/23 Action Sales signed a 64-month, $25 mil lease with an option to extend on a 181.7k corporate office and distribution property in City of Industry. Action Sales will use the property, located at 17708 Rowland St, as its corpor...
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Desirable Retail Storefront Property in L.A. Goes for $849/sf 9/29/23 A 3.2k sf retail storefront in Los Angeles traded for $2.7 mil, or $849/sf. Located at 5818 W 3rd St, just west of La Brea Ave, on trendy 3rd Street, the property enjoys a thriving location with a high traffic count of 34.4k,...
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Wayne Ratkovich, Renowned Los Angeles Urban Developer, Passes Away at 82 Years Old 9/27/23 Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his beloved Los Angeles, died on Sunday, September 24, 2023, at Cedars-Sinai Medical Center in Los ...
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Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District 9/27/23 Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
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Watch an Expert Panel Discuss the Greater L.A. Multifamily Market at RENTV's State of the Market Conference, Held Aug 17th 9/22/23 The panel consisted of: Alex Valente, Principal, Trammell Crow Company; Jerry Fink, Managing Partner, The Bascom Group; Daniel Withers, Senior Vice President, Matthews Real Estate Investment Services™; Henry Manoucheri, CEO, ...
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A.M. Castle & Co Inks $46 Mil Lease for 282k sf Facility in Paramount 9/22/23 A.M. Castle & Co agreed to an 84-month renewal/expansion lease for a 282k sf facility in the city of Paramount, in a transaction worth $46 mil. The company, a provider of metals, services and supply chain solutions, will expa...
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SimplerSpace Launches First Coworking Space in Placentia to Meet Demand for Low-Cost, No-Frills Office Space 9/19/23 SimplerSpace, a new coworking option intended to provide affordable and efficient workspaces in office buildings, has just been launched by company founders Drew Sanden and Scott Maples. The company opened its first 8k sf cow...
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