|
• Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
5/24/23
Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
|
• Long Beach Apartment Building Goes for $275k/Unit
5/24/23
A four-unit apartment building in Long Beach sold for $1.1 mil or $275k per unit. The apartment building, located on a 3k sf corner lot at 801 Atlantic Ave, was built in 1914 and comprises four units, including two three-bedr...
|
• New Mercedes-Benz Classic Center Completed in Long Beach
5/23/23
Mercedes-Benz USA has completed work on the world’s second Mercedes-Benz Classic Center, an international destination for the luxury brand’s car enthusiasts. Designed by interior architectural design firm Hendy, the Long Beac...
|
• Avison Young Awarded Leasing Assignment for 337k sf Office Highrise in Brentwood
5/23/23
LaSalle Investment Management has awarded the leasing assignment for 11755 Wilshire Blvd, a 24-story, 337.4k sf Class A office building in the Brentwood submarket on Los Angeles’ westside to Mitch Stokes and Mark Mattis with ...
|
• New 55k sf Dining Hall Completed as Part of Renovation at Westfield Topanga Center
5/22/23
Topanga Social, a new 55k sf dining hall at Westfield’s Topanga Mall in the western San Fernando Valley, has opened to the public. The project, part of the 250k square-foot renovation and expansion of Westfield Topanga Center...
|
• Los Angeles First Quarter Industrial Leasing Activity Lowest Since 2014
5/22/23
This report provided by Cushman & Wakefield
The Los Angeles (LA) industrial market recorded 5.8 msf of new leasing activity across 162 deals in Q1 2023, recording the lowest first quarter leasing total since 2014. New leasin...
|
• South Bay Office Building Picked Up for $24.75 Mil
5/18/23
Affiliates of Borstein Enterprises purchased DYAD South Bay, a two-building two-story office campus totaling approximately 116.2k sf on 5.22 acres of land in Torrance. The project, located at 19700 and 19750 South Vermont Ave...
|
• Long Beach Medical Office Building Fetches $29 Mil
5/16/23
Atlantic Medical Center, a 68.8k sf, purpose-built medical office building in Long Beach, sold to a private investor for $29 mil ($422/sf). The asset was sold by LA-based Jamison Properties.
Located at 701 East 28th St, the ...
|
• Worthe Real Estate Group and Stockbridge Real Estate Fund Finish Work on 800k sf Development in Burbank’s Media District
5/16/23
Worthe Real Estate Group and Stockbridge Real Estate Fund have completed construction on Second Century, an 800k sf project leased to Warner Bros in the Burbank Media District.
The project, located at 100 South California S...
|
• Escapology Escape Room Commits to Trio of CA Locations
5/15/23
Escapology Escape Room inked deal for three retail new locations throughout California as part of the brand’s nationwide expansion. Escapology, a fast-growing growing escape room franchise, offers dynamic 60-minute immersive ...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
Return to the Southern California - Los Angeles County area
