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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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• Vernon Industrial Facility Trades for $298/sf
7/30/24
First Industrial Realty Trust Inc. picked up a 52.9k sf, highly functional industrial building in the city of Vernon for $15.75 mil ($298/sf). The current tenant will continue to leaseback the space and use it as a storage an...
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• Opportunities Emerge in L.A. County Retail Market Despite Slow Recovery
7/29/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
L.A. County's retail market recovery, four years post-pandemic, continues at a slow pace. In Q2 2024, the retail sector saw another u...
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• Trio of Pasadena Multifamily Properties Sold for $7 Mil in Two Deals
7/26/24
A family trust real estate entity collected $7 mil from the recent sales of three multifamily properties in Pasadena. The properties total 30 units and were sold in two separate transactions.
The portfolio was marketed as a...
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• Private Investor Spends $28 Mil on Two Office Assets in the San Gabriel Valley
7/24/24
A private investor purchased two separate office buildings with a combined 120k sf of space in deals totaling $28.2 mil. The properties are in the San Gabriel Valley cities of Diamond Bar and Monterey Park.
One of the proper...
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• Landmark Yamashiro Restaurant Property in Hollywood Offered for Sale
7/24/24
Here's news of a very unique investment/redevelopment opportunity in Hollywood that’s just hit the market. The property is the 7.3-acre Yamashiro restaurant site located at 1999 N. Sycamore Ave, north of Franklin Ave and west...
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• Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon Spend $41.5 Mil on San Fernando Valley Industrial Asset
7/23/24
A partnership of Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon acquired a 150k sf, high-image industrial facility in the western San Fernando Valley for $41.5 mil ($277/sf). The property, located at 9...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• SoCal Raising Cane’s Trades at 4.65% Cap Rate
7/22/24
A single-tenant, net lease property occupied by Raising Cane’s Chicken Fingers Drive-Thru in Carson sold for $7.53 mil, representing a cap rate of 4.65%. The buyer was an Orange County investor completing a 1031 exchange.
Th...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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