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• The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
The Bradmore Group has completed construction on 42XX, a new creative, mass timber office campus in Marina del Rey. Located at 4204 Glencoe Ave, the 42XX campus spans three acres and comprises three interconnected low-rise bu...
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• Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Houston-based global investment firm Hines has acquired a 2,460-unit self-storage facility in Cerritos, CA for $91 mil. The 260.3k sf Extra Space Storage property was sold by a joint venture between Los Angeles-based self-sto...
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• Apartment Building in L.A.’s Echo Park Area Goes for $290k/Unit
10/04/24
In a recent L.A. multifamily comp, a five-unit apartment property in L.A.’s Echo Park area sold for $1.45 mil, or $290k/unit and $529/sf. The property is located at 1859 Echo Park Ave, north of Sunset Blvd and east of Glendal...
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• Retail Center in Hermosa Beach Sells for Over $500/sf
10/02/24
In a notable retail trade out of L.A.’s South Bay region, Chartwell Real Estate Development paid $27.8 mil for Park Pacific Shopping Center, a 49.9k sf, ($557/sf) grocery-anchored retail center in Hermosa Beach. This marks th...
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• Downtown L.A. Highrise Trades for $80 Mil
10/02/24
Union Bank Plaza, a 40-story office/retail tower located at 445 South Figueroa St in Downtown Los Angeles, has traded hands in a recent transaction valued at $80 mil. The 700k sf high-rise was acquired by Washington Capital M...
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• ACSCO Products Leases 29k sf of Space in Burbank
9/27/24
ACSCO Products Inc has leased a 29.3k sf of industrial space in Burbank. The structure, located at 3100 San Fernando Blvd, is part of a larger 63.4k sf multitenant warehouse/manufacturing facility that is now fully leased.
...
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• Aerospacelab Leases 35k sf Torrance Building
9/23/24
Aerospacelab inked a new lease for a 34.7k sf, industrial building in Torrance. The property, located at 20000 South Vermont Ave, includes 6.7k sf of office space. Marking Aerospacelab’s first factory in the U.S., the facili...
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• GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood
9/20/24
GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
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• Hermosa Beach Mixed-Use Asset Goes for $820/sf
9/18/24
A 7.9k sf, mixed-use property located at 1220 Hermosa Ave in Hermosa Beach sold for $6.48 mil ($820/sf). The property consists of ground floor restaurant space with residential units above and an adjacent parking area.
The b...
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• Optimus Properties Buys Retail Strip Center in Hollywood
9/16/24
Optimus Properties LLC has acquired a 19.9k sf retail strip center in Hollywood for $9.5 mil ($477/sf). The property, which sits on a 42.1k sf lot at 5214-5232 W. Sunset Blvd, traded via a court ordered sale.
The property i...
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• UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
A 62-unit apartment complex at the border of Los Angeles’ Cheviot Hills/Palms neighborhoods was acquired vacant by the University of California, Los Angeles for $39 mil in an all-cash purchase. The deal works out to $629k/uni...
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• Premier Workspaces Opens New Location in L.A.’s Brentwood Glen Area
9/16/24
Irvine-based Premier Workspaces has opened a new location in West Los Angeles. The site is at the Pixl Building, located at 500 South Sepulveda Blvd, within the Brentwood Glen area near the 405 Fwy, Sunset Blvd, and Wilshire ...
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• Vernon Industrial Property Sells for Over $61 Mil
9/11/24
A 7.05-acre industrial redevelopment site in Vernon traded hands in a $61.5 mil transaction. The property, which currently houses a 368.5k sf, five-story building, is located at 1925 and 1936 E. Vernon Ave.
The property is l...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Koto Estates Co LTD, an investor from Japan, recently closed on a 121-unit multifamily acquisition in Los Angeles’ South Bay region. The company purchased The Highlands, located at 25935 Rolling Hills Rd in Torrance, for $71....
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• La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
LaTerra Development has obtained $18.2 mil in construction financing for the development of Raymer Self Storage, a fully entitled, 65.2k sf, self-storage facility in the central San Fernando Valley community of Van Nuys. JLL ...
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• Two San Gabriel Multifamily Properties Sell in Separate Deals Totaling Over $6 Mil
9/09/24
Two multifamily communities totaling 18 units in the San Gabriel Valley recently traded hands in deals worth just over $6 mil. The properties are located in Azusa and Arcadia.
In one of the deals, a 10-unit property at 1205 ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
...
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• Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group closed on a very notable acquisition in Beverly Hills, paying $39.2 mil for the North Beverly Drive Retail Collection, comprised of two buildings totaling 11.1k sf in Beverly Hills. The deal works out to an imp...
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• Stylish Interior Design Installation Completed at Res Community in L.A.’s Filipinotown
8/27/24
Nadia Geller Designs (NGD) has completed the interior design installation at Belle on Bev, a mixed-use multifamily community owned and managed by developer Cityview in Los Angeles’ culturally rich Historic Filipinotown (HiFi)...
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