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• RanchHarbor and Manhattan West Acquire Five-Acre Industrial Property in San Dimas
5/11/22
A five-acre, multi-tenant industrial warehouse property in the eastern San Gabriel Valley city of San Dimas was acquired by a venture of RanchHarbor and Manhattan West. A price was not given out.
The value-add asset includes...
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• Universe Holdings Lands Refi of $30 Mil on San Fernando Valley Multifamily Community
5/11/22
Universe Holdings has secured a refi loan of $30.3 mil on Nantucket Creek, a 172-unit, garden-style, age-restricted (55+) apartment community in the San Fernando Valley community of Chatsworth.
Nantucket Creek comprises one-...
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• Long Beach Multifamily Property Trades in $47 Mil Deal
5/11/22
Fountain View Apartment Homes, a 153-unit community in Long Beach, traded hands in a recent $47.05 mil ($307.5k/unit) transaction. Built in 1986, Fountain View is located at 2301 E. Market St, east of Chaerry Ave and north of...
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• Private Investor Pays Almost $500k/Unit for Arcadia Residential Complex
5/10/22
Shalimar Apartments, a 20-unit apartment complex in Arcadia, was purchased by a private investor for $9.5 mil ($475k/unit). Located at 933 Arcadia Ave, the multifamily property contains 28k sf of space over two floors.
The p...
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• The Onni Group Picks Up 1.4 Acres of Development Land Along Wilshire Blvd in Los Angeles
5/09/22
The Onni Group has acquired 1.4 acres of development land along Wilshire Blvd in Los Angeles. Located at 5350-5376 Wilshire Blvd, in the city’s Mid-Wilshire neighborhood, the property is a block-to-block site with no height l...
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• Long Beach Cannabis Dispensary Fetches Over $1,300/sf
5/09/22
The Bakerie, an 8.3k sf cannabis dispensary property in Long Beach, has sold for $11 mil ($1,325/sf). The property, located at 1836 Harbor Ave, was purchased by a foreign investor who resides part time in California.
Situate...
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• Thermosource Tooling and Manufacturing Subleases 43k sf Building in Carson
5/06/22
Thermosource Tooling and Manufacturing (TTM) has agreed to a 102-month sublease of a 42.7k sf industrial building in Carson, in a transaction worth $5.7 mil, or about $1.30/sf/mo. The building is located at 21046 S. Figueroa ...
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• Pasadena Office Building Sells for $7 Mil
5/06/22
A 9.5k sf office building in Pasadena traded hands in a $7 mil transaction. The buyer was Diamond Green LLC, a local real estate investment group.
Built in 1965, the one-story building is located at 1300 E. Green St, one mil...
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• Duke Realty Buys 75k sf Industrial Facility in Santa Fe Springs
5/06/22
Duke Realty Corporation recently acquired a 74.8k sf industrial building at 13943 Maryton Avenue in Santa Fe Springs. The building, built in 2017, is in Southern California’s highly in-demand Mid-Counties submarket. The facil...
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• Longpoint Realty Partners Picks Up San Fernando Valley Industrial Property
5/03/22
Boston-based Longpoint Realty Partners purchased Van Nuys Industrial Park, a fully leased, value-add business park comprising four buildings totaling 84.3k sf and two land parcels in the central San Fernando Valley community ...
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• $66 Mil Innovation and Instruction Building Completed California State University, Dominguez Hills
5/03/22
Work has been completed on a new, 107.6k sf Innovation and Instruction Building for California State University, Dominguez Hills (CSUDH). The $66.5 mil project was built by C.W. Driver Companies.
The new four-story structure...
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• BRAD Management Spends Over $3 Mil on Student Housing Property in Los Angeles
5/02/22
Los Angeles-based BRAD Management purchased a 28-bed student housing property in Los Angeles for $3.1 mil ($110.7k/unit). The seller was Fraternity Housing Corporation.
The property is located at 2715 Portland St, a few bloc...
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• New Luxury Res Community in West Hollywood Starts Pre-Leasing
4/29/22
Empire at Fairfax, a new 34-unit luxury boutique residential apartment community with ground-floor retail spaces, has been completed and is currently in the pre-leasing phase with move-ins beginning in May 2022. The five-stor...
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• Santa Monica Apartment Building from 1912 Sells for $568k/Unit
4/28/22
Sandy Bay Beach Suites, an 11-unit apartment property in Santa Monica, was acquired by an L.A.-based private investor in a recent $6.25 mil ($568k/unit) transaction. The property is located at 1401 Palisades Beach Rd, just st...
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• Meta Housing Corporation and Cesar Chavez Foundation Start Work on Affordable Housing Community in Los Angeles
4/22/22
Meta Housing Corporation and Cesar Chavez Foundation Inc have broken ground on a 78-unit affordable housing community for families and individuals in Los Angeles. The 82.6k sf development, located at 619 Westlake, is a reuse ...
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• Universe Holdings Boosts Its Hollywood Portfolio with 24-Unit Acquisition
4/21/22
Universe Holdings has expanded its footprint in Hollywood with the acquisition of a 24-unit multifamily property in an $8 mil ($333k/unit). Built in 1964, the property is located at 1820 El Cerrito Place, east of La Brea Ave ...
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• Pegasus Shipping Leases 61k sf Facility in Carson
4/19/22
Pegasus Shipping Inc, an international freight forwarding and logistics services company, has inked a $7 mil, 61-month lease for a 61.5k sf ($1.87/sf/mo) industrial building in Carson. The facility is part of Summa Properties...
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• SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
4/19/22
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...
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• Rexford Industrial Realty Closes $83 Mil in SoCal Industrial Buys
4/18/22
Rexford Industrial Realty acquired of four SoCal industrial properties for combined price of $82.7 mil. The purchases were funded using a combination of cash on hand, operating partnership units, proceeds from forward equity ...
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• Private Investor Pays Over $600/sf for Torrance Retail Property
4/14/22
Pacific Plaza, a 28k sf, neighborhood retail center in Torrance, was purchased by a private investor in a $16.9 mil ($604/sf) transaction. The multi-tenant property, located at 2382, 2390 and 2396 Crenshaw Blvd, includes a me...
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