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May 27, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Concord Companies Pays $17.5 Mil for Beverly Hills Office Building
10/04/22
Concord Companies purchased a 21.5k sf office building in Beverly Hills in a $17.5 mil ($814/sf) off-market transaction. The building has served as Concord’s corporate headquarters since 2014. The opportunity to purchase the ...
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• Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
10/03/22
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
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• Private Investor Closes $11 Mil Industrial Acquisition in Long Beach
10/03/22
A 38.2k sf industrial distribution property in Long Beach sold for around $11 mil ($288/sf) in a recent investment buy. The property, located at 3221 E. 59th St, south of the 91 Fwy and west of Lakewood Blvd, was purchased by...
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• Hollywood’s Television Center Property to Be Redeveloped into a 620k sf Studio Campus
9/30/22
In news of a major L.A. area production studio development, BARDAS Investment Group and Bain Capital Real Estate plan to redevelop the former Television Center property in the heart of Hollywood into a modern, 620k sf urban s...
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• Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22
A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
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• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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• Greg Dyer Named Executive Vice President at CBRE
9/29/22
Greg Dyer has earned the title of Executive Vice President at CBRE. Dyer, who is based in the firm’s South Bay office, has more than 27 years of experience in commercial real estate and is a member of one of the most experien...
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• The University of California Los Angeles to Acquire Former Marymount California University Campus in $80 Mil Deal
9/29/22
The University of California Los Angeles (UCLA) is acquiring the former Marymount California University (MCU) campus in Southern California in an effort to educate more students, as mandated by the University of California Bo...
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• Glendale Office to Res Tower Conversion Completed
9/29/22
Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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• Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit
9/28/22
Edgemont Court, a 12-unit apartment complex located in Los Angeles, traded for $2.5 mil, or $208.3k/unit. Built in 1940, the property is located at 175 and 179 N Edgemont Street. The two-story, two-building apartment complex...
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• Hyatt Place Los Angeles / LAX / El Segundo Hotel Sells for $49 Mil
9/28/22
Hyatt Place Los Angeles / LAX / El Segundo, a 143-key, select-service hotel in El Segundo, traded in a recent transaction with a $49 mil ($342.7k/room) price tag. The buyer was El Segundo-based Welcome Group Inc. Located at ...
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• Premier Workspaces Opens New Location in Pasadena
9/27/22
Premier Workspaces signed a 10-year lease with the Barker Pacific Group in Pasadena. The new location is at 301 N. Lake Ave, adjacent to the south side of the 210 Fwy. The 16.7k sf space, located on the 6th floor, features p...
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• EverWest Advisors Buys Industrial Facility in Pomona for $252/sf
9/26/22
A 182.3k sf industrial building in Pomona, CA was acquired by Denver-based EverWest Advisors for $45.9 mil ($252/sf). The facility is situated on 8.48 acres of land at 159 North San Antonio Ave and is 100% occupied by an in-p...
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• Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit
9/23/22
A private investor from Los Angeles paid $2.99 mil for an eight-unit ($373.8k/unit) apartment property in Santa Monica. The property, located at 2327 2nd St, is in a prime location just one block from Main Street and two bloc...
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• Brandywine Homes Acquires El Monte Land Assemblage for Res Townhome Development
9/23/22
Brandywine Homes acquired a 69k sf land assemblage in El Monte for $6.25 mil. The purchase consisted of an obsolete office building at 11348 Valley Blvd sitting on a 25.7k sf, vacant retail space at 11356 Valley Blvd on a 6.2...
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• Lancaster Shopping Center Gets New Owner in $45 Mil Transaction
9/22/22
Valley Central, a 375.5k sf community shopping center in Lancaster traded for $45.25 mil, or $120/sf. The property, located at 44400 Valley Central Way, spans over 35 acres with 17 different entry drives. The property is pa...
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• BLT Enterprises Closes on $130 Mil of SoCal Industrial and Creative Office Acquisitions
9/16/22
BLT Enterprises recently acquired seven SoCal industrial and creative office properties for a total of $130 mil. Located throughout Los Angeles County, Orange County, and San Diego County, California, the acquisitions total n...
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• Partners Capital Buys 75k sf L.A. Area Biz Park
9/15/22
Partners Capital has acquired Victory Industrial Park, a 75k sf industrial park in Norwalk, for $16 mil ($213/sf). The asset consists of six buildings on four acres of land at 13900 Shoemaker, and 13020, 13035, 13045, 13055,...
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• Trusaic Relocates to 12.5k sf in Downtown L.A.
9/14/22
Trusaic, a regulatory compliance software company, has inked a lease for 12.5k sf of office space at Biltmore Court in Downtown Los Angeles. Terms of the deal were not disclosed. Located at 520 South Grand Ave in Los Angeles...
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• Hollywood Land Assemblage Acquired by CMNTY Culture for 500k sf Creative Office and Studio Development
9/14/22
CMNTY Culture has acquired a land assemblage situated at the northeast corner of the intersection of Sunset Blvd and Highland Ave in Hollywood. CMNTY Culture is made up of seasoned entertainment, finance, and real estate prof...
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