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September 30, 2023
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LOS ANGELES COUNTY NEWS
Archive
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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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• Laguna Point Properties Purchases 1,037-Unit DTLA Res Portfolio
4/14/22
Laguna Point Properties has acquired a five-property, 1,037-unit multi-housing portfolio located in downtown Los Angeles. The deal was financed with $328.8 mil in acquisition money arranged by JLL Capital Markets. The portfo...
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• San Fernando Valley Industrial Building Fetches $333/sf Price Tag
4/12/22
A 25.3k sf industrial building in the western San Fernando Valley community of Chatsworth was acquired by a private investor in a recent deal for $8.42 mil ($333/sf). The seller of the building, located at 9200 Gazette Ave, ...
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• UCLA Anderson Ranked 7th Top Real Estate Program by U.S. News
4/12/22
UCLA Anderson School of Management has been named the 7th best real estate MBA program by U.S. News & World Report (U.S. News). The publicationís 2023 Best Business Schools survey is the leading business school survey in the ...
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• Pair of North Hollywood Industrial Sales Total $21.4 Mil
4/06/22
In recent industrial sales news out of the San Fernando Valley, two multi-tenant industrial properties totaling 66k sf in North Hollywood traded for a combined sale price of $21.4 mil ($324/sf). The portfolio includes a two-b...
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• Parkview Financial Spends $19 Mil on 24k sf Office Building in L.A.ís Brentwood Neighborhood
4/05/22
Parkview Financial has acquired a three-story, 24.3k sf multi-tenant office building in the Brentwood neighborhood of West Los Angeles for $19 mil ($782/sf). Parkview intends to occupy the entire second floor of the building,...
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• Penwood Real Estate Investment Management Buys 13-Acre Ind Site in the City of Commerce
4/05/22
Penwood Real Estate Investment Management LLC acquired a 13-acre site containing a 230k sf industrial building with cold storage, food processing and distribution improvements in the City of Commerce. The property was sold by...
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• Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
4/04/22
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa. Situated on a 1.2-acre site adjacent to th...
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• Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
4/04/22
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...
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• Rent-Control Apartment Property in L.A. Goes for $333k / Unit
4/01/22
A 24-unit rent control apartment property in Los Angeles traded hands in a recent transaction worth $8 mil, or $333k per unit. The property is located at 1820 El Cerrito Place, on a tree-lined residential street just north o...
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• Staley Point Capital and Bain Capital Real Estate Pick Up 315k sf of Industrial Properties in Santa Fe Springs and Anaheim
4/01/22
Staley Point Capital and Bain Capital Real Estate have partnered in the acquisition of two SoCal industrial properties totaling about 315k sf of space. The purchases, in Santa Fe Springs and Buena Park, were financed with $70...
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• Glendale Multifamily Community Acquired for $80 Mil by a Public-Private Partnership Between CSCDA and BLVD
3/31/22
Towne at Glendale, a 126-unit multifamily community in Glendale, was acquired by a public-private partnership of CSCDA Community Improvement Authority (CSCDA) and BLVD Impact Housing (BLVD), for $79.7 mil ($630k/unit). The pr...
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• Rexford Industrial Realty Buys 43k sf Office Asset in Chatsworth
3/31/22
Rexford Industrial Realty purchased a 43.5k sf, single tenant office building located at 19900 Plummer St in Chatsworth for $15 mil ($345/sf). The property was sold by Korda Group in an off-market transaction. The building s...
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• New L.A. Chargers HQ and Training Facility Development Lands $276 Mil in Financing
3/30/22
In a big SoCal financing deal, a partnership comprised of Continental Development Corporation and Mar Ventures Inc has obtained $276 mil of construction and permanent financing for a new corporate headquarters and training fa...
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• 160-Bed West L.A. Student Housing Community Trades
3/30/22
An LA area-based company purchased Studio 11024, a contemporary, 160-bed, 31-unit student housing community serving UCLA in L.A.ís exclusive Westwood neighborhood. Built in 2015, Studio 11024 is located two blocks from both ...
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• NewMark Merrillís Sandy Sigal Honored by California Business Properties Association
3/28/22
Sandy Sigal, President and CEO of NewMark Merrill Companies, was honored by California Business Properties Association (CBPA) with the Ernest W. Hahn Award during its Awards Dinner on March 24. NewMark Merrill is a Woodland ...
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• 35-Story Shoreline Gateway Opens Its Doors in Long Beach
3/25/22
Shoreline Gateway, a new 35-story, mixed-use luxury apartment complex in Downtown Long Beach, has officially opened to the public. The project is a development of Ledcor Properties Inc and Anderson Pacific LLC, with their par...
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• Rexford Industrial Realty Spends $28 mil on Industrial Asset Just South of Downtown LA
3/24/22
Rexford Industrial Realty purchased a two-building, Class A industrial property totaling 53.7k sf of space in central Los Angeles for $28 mil ($521/sf). The buildings were sold by a private family real estate investment trust...
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• Alhambra Restaurant Property Goes for $800/sf
3/23/22
A family trust paid $3.525 mil for a 4.4k sf ($810/sf) restaurant building in Alhambra. The property is located at 201 W. Main St, in the West San Gabriel Valley. Built in 1964, the free-standing restaurant is situated in t...
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