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• Apartment Property in L.A.’s Mar Vista Area Sells for Over $500k/Unit
3/29/23
The Coral Tree Apartments, a 31-unit, 35.9k sf apartment complex in the Mar Vista area of Los Angeles, sold for $15.875 mil, or $512k per unit. The property is located at 4225 Inglewood Blvd, just south of Washington Blvd on ...
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• Golden Bee Properties Wraps Up $39.5 Mil Res Buy in Sylmar
3/28/23
Golden Bee Properties purchased Mountain View Manor, a 200-unit LIHTC multifamily property in the northeast San Fernando Valley community of Sylmar, for $39.5 mil ($197.5k/unit). The property is located at 12960 Dronfield Ave...
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• Single-Tenant Industrial Building in Carlsbad Gets New Owner in $11.8 Mil Deal
3/24/23
A 32k sf, single-tenant industrial building in Carlsbad sold for $11.85 mil ($370/sf). The property, located at 2070 Las Palmas Dr, in the City Centre industrial corridor, was acquired by a Covina-based family investment enti...
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• Class B Office Building in Woodland Hills Bought for $173/sf
3/23/23
A 48k sf office property in Woodland Hills sold for $$8.3 mil ($173/sf). The Class B building is located at 22801 Ventura Blvd, at the intersection with Fallbrook Ave.
Located centrally on Ventura Blvd, with proximity to Cal...
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• Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
3/23/23
The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of ...
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• GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• North Palisade Partners Opens First Self Storage Development
3/15/23
North Palisade Partners has completed construction of its first self-storage facility in the L.A. area city of Huntington Park. The new facility sits on two acres of land at 2200 Nadeau St, just east of Alameda St.
The three...
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• West Los Angeles Apartment Building Trades for $428k per Unit
3/14/23
The Glendon Apartments, a 27-unit apartment building in the Palms area of West Los Angeles, sold for $11.55 mil, or $428k/unit. The property, located at 3724 Glendon Ave, was sold by JEB Properties Inc.
Built in 1986, the we...
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• Kidder Mathews SoCal Growth Leads to Opening of New Office in the San Fernando Valley
3/09/23
Kidder Mathews has opened a new office in the San Fernando Valley, continuing the firm’s rapid expansion in Greater Los Angeles. The office, located at 15260 Ventura Blvd in Sherman Oaks, is situated in a prime location direc...
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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• Lewitt Hackman Renews Its 23k sf Encino Office Space
3/08/23
The law firm of Lewitt Hackman has renewed its lease for 23.4k sf of office space in Encino. The firm inked a 10-year deal, estimated to be worth around $10 mil, which divides out to an average of around $3.50/sf/mo.
The bu...
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• Kairos Investment Management and Harbor Associates Buy Hollywood Office Tower
3/07/23
Kairos Investment Management Company (KIMC) has partnered with Harbor Associates to acquire a Class A, 12-story office and retail property with a five-story parking garage totaling over 208k sf in Hollywood. The property is l...
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• New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge, a new, 82-unit affordable housing community in Downtown Los Angeles’ Skid Row neighborhood, has officially opened to the public. The project, located at 656-660 Stanford Ave, will provide affordable and accessible...
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• A New Large-Lease Leader: Finance and Insurance Industry Signed More of the Top 100 US Office Leases in 2022 than Tech Industry
3/06/23
This report provided by CBRE
The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 office leases in the U.S., according to a new report from CBRE. Finance and insuranc...
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• Palmdale Retail Asset Purchased for $458/sf
3/03/23
An 11.8k sf, multi-tenant retail property in Palmdale sold for $5.4 mil ($458/sf). The property, situated on .87 acres at 39178 10th Street W, is 100% occupied by six tenants including Jenny Craig and Verizon.
The property ...
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• Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Tishman Speyer has begun construction on the first phase of the Santa Monica Collection, a portfolio of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The first phase of development encompasses four...
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• Thinkwell Relocates Well in Burbank
3/02/23
Thinkwell has signed a 5.5-year lease for 14k sf of flex/office/production space in Burbank. Thinkwell will occupy the majority of Empire Studios, a recently renovated, 17k sf building located at 2507 Empire Ave, north of Vic...
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• Downtown L.A. Real Estate Showing Steady Growth Starting Off 2023
3/01/23
This report provided by Downtown Center Business Improvement District
While it faced significant challenges like most city centers across the country, Downtown LA (DTLA) weathered a turbulent 2022 relatively well and is show...
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• Covina Industrial Building Sells for $7.25 Mil
2/27/23
A fully vacant, 31.7k sf industrial building in Covina was purchased by an unnamed owner/user for $7.25 mil, or $229/sf. The property is located at 1165 E Edna Place.
The property was sold by Los Angeles-based Dunleer, who a...
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