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• XTR Nabs Studio/Office Building in L.A.’s Echo Park Neighborhood
6/14/22
XTR, an entertainment studio, has acquired BelleVarado Studios, a 25.4k sf, freestanding creative studio and office complex in Los Angeles, for $8.625 mil ($340/sf).
The property is located at 601-611 N. Alvarado St and 210...
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• Downtown Los Angeles Retail Picking Up as Workers and Visitors Return
6/10/22
This report provided by the Los Angeles Downtown Center BID
The Los Angeles Downtown Center BID just released their Q1 2022 DTLA Market Report, revealing growing numbers of retail openings driven by increased activity in the...
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• Local Developer Spends $46.5 Mil on Adjacent Development Parcels in L.A. and West Hollywood
6/08/22
A private local developer spent $46.5 mil for two parcels totaling 1.6 acres in the Greater L.A. area. The adjacent parcels are located at 1000 N. La Brea within the city of West Hollywood’s boundaries and at 1011 N. Sycamore...
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• Prime Data Centers to Develop New Facility in Vernon
6/06/22
Prime Data Centers, a data center developer and operator, plans to construct a new three-story, 261k sf data center in the city of Vernon. In addition, Prime will construct a 49.5MVA substation to serve the new site.
The co...
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• Atlas Capital Buys 5.37-Acre Industrial Redevelopment Opportunity in L.A.’s South Bay
6/06/22
Atlas Capital paid $39.8 mil for a 5.37-acre industrial redevelopment opportunity located at 19401 S. Vermont Ave in the infill South Bay submarket of Los Angeles, which continues to be one of the most supply-constrained indu...
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• SoFi Stadium-Adjacent Dev Site Fetches $11 Mil
6/02/22
A 40.6k sf development site adjacent the new SoFi Stadium in Inglewood sold for $10.99 mil, or $270/sf.
The site, surrounded by several new sports and entertainment-themed projects, is a prime candidate for redevelopment as...
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• IWG Leases Former WeWork Space at the Fine Arts Building in DTLA
5/30/22
IWG has signed a 38.4k sf lease for its Spaces brand at 811 West 7th Street (the historic “Fine Arts” Building) in downtown Los Angeles. Spaces will be located on the top four floors of the building, which includes the unique...
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• MG Properties Buys 300-Unit Apartment Property in Carson
5/27/22
MG Properties has purchased Evolve South Bay, a recently constructed, 300-unit Class A apartment community in Carson. The asset was sold by MBK Rental Living.
Opened in September 2020, the 11.9-acre luxury apartment communit...
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• Standard Communities Closes $130 Mil SoCal Multifamily Buy
5/26/22
In a large SoCal Multifamily buy, Standard Communities has purchased Jefferson SoLA, a newly built, 244-unit luxury complex in the city of South Gate, for $130 mil, or about $532.8k/unit. Located at 10930 Garfield Ave, the pr...
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• Spec Creative Office Development Planned for L.A.’s Arts District
5/26/22
L.A.-based Legendary Group is planning to build a 350k sf, speculative ground-up creative office project in Los Angeles’ Arts District, a neighborhood continuing its transformation into a true live/work/play community through...
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• North Hollywood Warehouse Sells for $380/sf
5/26/22
A 37.6k sf warehouse in North Hollywood traded hands for $14.3 mil, or $380/sf. The property is located at 5446-5450 Satsuma Ave, within the East San Fernando Valley submarket.
Built in 1952, and renovated in 2017, the prop...
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• Historic Landmark Building in Pasadena Trades for $2.4 Mil
5/25/22
Stoutenburgh House, a historic landmark property in Pasadena, was acquired by founder Daniel Fong of non-profit Uncommon Voices Collective in a $2.38 mil transaction. The property, originally built as a house, is currently be...
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• Downtown L.A.’s Office Market is Primed for the Future of Work
5/24/22
This update was written and provided by the Downtown Center Business Improvement District (DCBID) in Los Angeles
As businesses begin to welcome their workforces back to the office, the DTLA Office Market is more than primed ...
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• San Gabriel Multifamily Property Goes for $336k/Unit
5/24/22
Kimberly Apartments, a 26-unit multifamily property located in the central San Gabriel Valley city of Baldwin Park, traded for $8.75 mil, or $336.5k/unit. The buyer was a private investor based out of Los Angeles.
Located at...
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• Cushman & Wakefield Acquires Cresa Partners of Los Angeles
5/23/22
Cushman & Wakefield has acquired Cresa Partners of Los Angeles Inc. Cresa’s operations comprise three Los Angeles County offices located in West Los Angeles, Woodland Hills and Westlake Village.
Representing occupiers exclus...
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• BH Properties Buys 120k sf Suburban Office Asset in Monterey Park
5/19/22
BH Properties has acquired a 120.2k sf, suburban commercial office campus in Monterey Park from Blue Shield of California in a $15 mil sale/leaseback transaction. The 7.9-acre campus features two adjacent three-story building...
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• Greenbridge Investment Partners Buys Trio of Apartment Properties in the San Fernando Valley
5/18/22
Los Angeles-based Greenbridge Investment Partners has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley. The properties are located at 15042 Dickens St in Sherma...
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• Dunleer Pays $170/sf for Vacant Industrial Property in Covina
5/18/22
Dunleer has acquired a 31.7k sf, vacant industrial building in Covina for $5.41 mil ($170/sf). Built in 1962, the building is situated on 1.5 acres at 1165 E Edna Place, just under 20 miles to Ontario International Airport an...
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• FDH Aerospace Leases 115k sf Facility in the City of Commerce
5/13/22
FDH Aerospace, a global aerospace distribution company, has inked a lease for 114.9k sf of space at Commerce Logistics Center in Commerce. The tenant will occupy the entirety of the building, located at 5200 Sheila St, near t...
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• Rexford Industrial Realty Closes on Six SoCal Acquisitions Totaling $152 Mil
5/12/22
Rexford Industrial Realty Inc recently wrapped up acquisitions of six industrial properties for an aggregate purchase price of $152.7 mil. The purchases, all off-market, were funded using a combination of cash on hand and the...
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