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• Construction Completed at Assisted Living Development in the San Gabriel Valley
2/02/23
Construction has been completed at Clearwater at Glendora, a high-end senior living facility equipped for residents seeking assisted living and memory care services in the San Gabriel Valley. The project was built by R.D. Ols...
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• Leasehold Interest in Whittier Multifamily Community Goes for Almost $50 Mil
1/31/23
NextGen Properties Group purchased the leasehold interest for Alivia Apartments, a 128-unit multifamily property in Whittier, in a recent $49.625 mil ($387.7k/unit) transaction. The property, located at 11201 Carmenita Rd, wa...
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• Basis Investment Group Becomes Equity Partner in Santa Monica Development Site Portfolio
1/30/23
Tishman Speyer has secured the Basis Investment Group (BIG) as an equity partner in the Santa Monica Collection, its portfolio consisting of eight development sites across nearly 3.1 acres in Downtown Santa Monica.
A certi...
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• UCLA Acquires Former Marymount California University Campus in $80 Mil Deal
1/30/23
The University of California (UCLA) has acquired the former Marymount California University (MCU) campus in Rancho Palos Verdes in an $80 mil transaction. Overlooking the Pacific Ocean, the coastal property comprises 24.57 ac...
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• Dekel Capital has launched Dekel Correspondent Lending
1/27/23
Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent an...
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• Redondo Beach Apartment Building Fetches $520k/Unit
1/20/23
A 10-unit, garden-style multifamily property in Redondo Beach sold for $5.2 mil, or $520k/unit. The property is located at 124-128 Palos Verdes Blvd in the Hollywood Riviera section of Redondo Beach.
Built in 1958, the prope...
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• West Covina Res Property Sells for $450k/Unit
1/19/23
South Hills Apartments, an 85-unit apartment property in West Covina, was purchased for $38.25 mil ($450k/unit) by HFH Ltd, a 1031 exchange buyer.
Built in 1966 on five-plus acres and remodeled in 2019, South Hills Apartment...
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• Northeast Valley Health Corporation Leases 13k sf in Santa Clarita
1/19/23
Northeast Valley Health Corporation (NEVHC) has signed a lease for 13.4k sf of space in Santa Clarita. NEVHC will use the space, located at 17909 Soledad Canyon Rd, to expand its medical and dental services in the Santa Clari...
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• Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio
1/16/23
An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office bu...
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• Tova Capital Closes $6.2 Mil Retail Buy in Long Beach
1/12/23
Tova Capital has acquired a fully occupied, 34.5k sf retail complex near Downtown Long Beach in a $6.2 mil ($180/sf) off-market transaction. The retail property is located on a nearly one-acre site at 205-233 E. Anaheim St, b...
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• Scenic Expressions Leases 299k sf in Santa Clarita
1/10/23
In a notable L.A.-area industrial lease, Scenic Expressions inked a deal for a 299.2k sf space at Saugus Station Industrial Center, a 69.5-acre, 975.3k sf property located 25530-25765 Springbrook Ave in Santa Clarita. Scenic ...
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• Rexford Industrial Realty Completes $336 Mil of SoCal Acquisitions in Fourth Quarter 2022
1/09/23
Rexford Industrial Realty Inc recently ten industrial properties for an aggregate purchase price of $336.2 mil during the fourth quarter of 2022. The transactions were funded using a combination of cash on hand and proceeds f...
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• Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios
1/06/23
Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles.
Zalmi Klyne with Northmarq arranged the new fl...
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• $55 Mil San Fernando Valley Res Buys Consists of Three Properties Totaling 246 Units
1/05/23
A 246-unit, three-property res portfolio in the northern San Fernando Valley communities of Granada hills and Northridge traded hands in a $55.5 mil ($225.6k/unit) deal. The assets were sold by Upside Investments and purchase...
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• Los Angeles Office CRE Market Update 4th Qtr. 2022
1/05/23
Market Highlights
Direct market vacancy in Los Angeles currently stands at 14.2%.
Average asking rates were at $3.52/SF on a full-service basis.
In 4Q2022, 639k sf was delivered, while 3.8 msf is still under developmen...
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• Burbank Biz Campus Sold in $37 Mil Transaction
1/04/23
Montana Avenue Capital closed out 2022 with the purchase of 2777 North Ontario Street, a 127.1k sf office and industrial campus located in Burbank, for $37 mil, or $291/sf. The asset was sold by a joint venture between Washin...
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• Wells Fargo Inks Expansion/Renewal Deal at West Covina Office Campus
1/04/23
The Lakes, a 174k sf, Class A office campus in the city of West Covina, is now 92.5% leased following the recent completion of a five-year 13k sf expansion and renewal with Wells Fargo. Wells Fargo has been a tenant at The La...
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• Apartment Building in L.A.s Beverly Grove Trades for $354k/Unit
1/03/23
A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd.
The property was built in 195...
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• Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil
1/03/23
Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave.
The double lot has a combined l...
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• Rams Owner Kroenke Spends $325 Mil on Woodland Hills Retail Center
12/29/22
Los Angeles Rams owner Stan Kroenke closed on a large property acquisition in the San Fernando Valley, paying $325 mil for The Village, a 600k sf outdoor retail center in Warner Center. The property was sold by Unibail-Rodam...
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