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• Sharp Capital Spends $10 Mil on Pasadena Office Asset
8/23/24
Sharp Capital purchased a 77.5k sf office building in Pasadena in a recent $ 10 mil transaction, The property, located at 299 N Euclid Ave, traded for $129/sf.
The building is currently 95% occupied by a diverse tenant base...
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• Bellflower Apartment Building Sells for $250k/Unit
8/22/24
In a recent LA-area multifamily sales comp, an eight-unit property in Bellflower traded for $2 mil, or $250k per unit. The buyer was a private 1031 exchange buyer from Newport Beach.
Located at 9108 Palm St, the 7.6k sf res...
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• Three Multifamily Properties in East Los Angeles Fetch a Combined $3.2 Mil
8/21/24
A three-property, nine-unit multifamily portfolio located in the East Los Angeles and neighboring Boyle Heights areas of L.A. traded for $3.2 mil, or $355.6k/unit, in sales to three buyers. The deals closed at a combined cap ...
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• Ednovate Leases 42k sf Property Near Downtown L.A.
8/20/24
Ednovate has leased a 42.1k sf property at 533 Glendale Blvd, adjacent to the 101 Fwy and just west of the 110 Fwy near downtown Los Angeles. Ednovate is a network of free public college preparatory high schools in Southern C...
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• New Creative Office Development in Culver City Lands $21 Mil in Take-Out Money
8/15/24
A new construction, two-building creative office complex in Culver City has been refinanced with a $21.4 mil take-out loan. The 35k sf, Class A project, located at 3520-3524 and 3512-3516 Schaefer St, south of Washington Blvd...
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• Los Angeles Industrial Asset Sells for $233/sf
8/14/24
A 60.5k sf industrial building in Los Angeles traded hands for $14.1 mil, or $233/sf. The asset is located at 200-202 W. 140th St, east of the 110 Fwy and north of Rosecrans Ave.
The property offers convenient access to the ...
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• Reliable Properties Buys Barnsdall Square Retail Center in L.A.’s Los Feliz Area
8/13/24
Reliable Properties has purchased Barnsdall Square, a highly sought-after, 92k sf grocery/drug-anchored retail center in L.A.’s Los Feliz neighborhood. The transaction includes the acquisition of the 2.86-acre parcel at 1625 ...
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• Dunbar Real Estate Investment Management Spends $10 Mil on Carson Industrial Asset
8/13/24
In a recent LA-area industrial buy, Dunbar Real Estate Investment Management purchased two concrete tilt-up buildings totaling 41.9k sf on almost two acres of land in Carson for $10.2 mil, or $243/sf. The asset is located at ...
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• Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Mattel, the multinational toy manufacturing and entertainment company based in El Segundo, has purchased Grand + Nash, a newly renovated 167.8k sf creative office campus at 2160 E. Grand Ave, also in El Segundo. The asset, wh...
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• Alicia Bramble, James Daughrity and Odest Riley Jr. Launch CRE Firm Focusing on Local Communities in Need
8/07/24
SoCal Premier Property Management, a newly formed, 100% minority-owned commercial real estate firm, offers full services and protection to property owners and tenants across Southern California. The new firm was founded by an...
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• San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 mil ($303k/unit) deal. Built in 1978 and on the market for the first time, Pinetree ...
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• Cityview and Wafra Buy New Res Community in L.A.’s Silver Lake Neighborhood
8/06/24
Cityview and Wafra have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles. Situated on a hilltop that provides 360-degree views of the city, S...
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• Multifamily Property in L.A.’s Koreatown Sells for $223k/Unit
8/05/24
A 19-unit multifamily property in Los Angeles’ Koreatown neighborhood traded for $4.24 mil, or $223k/unit. We’re told that the sale marks the highest price per unit in 2024 for properties of similar size and vintage in the ar...
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• Torrance Office/Retail Building Sells for $565/sf
8/02/24
A fully leased, triple-net 12.4k sf office/retail building in Torrance traded hands for $7 mil ($565/sf). The freestanding building sits on a 48.2k sf lot at 23805 Hawthorne Blvd, in the highly sought-after South Torrance are...
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• Meta Housing Corporation and the Foundation for Affordable Housing Start Work on Long Beach Affordable Housing Community
8/02/24
Meta Housing Corporation and the Foundation for Affordable Housing have broken ground on the development of 1400 Long Beach, a new affordable housing community minutes from Downtown Long Beach, and directly adjacent to public...
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• Investors Nab SoCal Single-Tenant Retail Properties
8/02/24
Two SoCal single-tenant retail properties traded hands in separate deals. The properties are located in Manhattan Beach and Oxnard, and are leased to El Pollo Loco and McDonald’s, respectively. The transactions closed at cap ...
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• Santa Monica Retail Building Sells for Over $500/sf
7/31/24
A 7.3k sf retail building in Santa Monica was purchased for $3.9 mil ($534/sf) in an off-market transaction. The multi-tenant retail structure, built in 1962, sits on a 13k sf lot at 1302-1308 Pico Blvd, at the corner with Eu...
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• Nadia Geller Designs Wraps Up Interior/Exterior Design Installation at 123-Unit Res Development in L.A.
7/31/24
The interior and exterior design installation at The Parker, a seven-story multifamily development by Cityview in L.A.’s Pico-Robertson neighborhood, has been completed. The work was done by Nadia Geller Designs (NGD).
Loc...
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• Bolour Associates Acquires Retail Site on Fairfax Ave in L.A.’s Mid-Wilshire Area
7/30/24
Bolour Associates Inc has acquired a site with three retail buildings totaling 11.5k sf of space in L.A.’s Mid-city submarket for $6.04 mil. Bolour plans to repurpose the buildings for commercial uses, while long-term, BOLOUR...
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• Trammell Crow Company and Clarion Partners Finish Work on 1.7 msf The Center at Needham Ranch
7/30/24
Trammell Crow Company (TCC) and Clarion Partners have wrapped up construction on The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park in Santa Clarita. The 11-building industrial park, which the JV be...
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