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June 17, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Sharp Capital - One Cole Group Joint Venture Spends $16 Mil on Pomona Industrial Property
7/15/22
DSquared Capital LLC, a joint venture between Sharp Capital and One Cole Group, has acquired an industrial property in Pomona, consisting of an 80k sf building on just over four acres, in a recent $16 mil transaction. The pro...
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• Bolour Associates Spends $13.7 Mil on Hollywood Mixed-Use Property
7/14/22
Bolour Associates Inc has purchased a two-story, 32.5k sf, mixed-use building in Hollywood for $13.7 mil, or $421/sf. Located at 6432 Santa Monica Blvd, the building is located at the signalized corner of Santa Monica Blvd an...
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• Res Community in L.A.’s Los Feliz Neighborhood Goes for $480k per Unit
7/13/22
Alliance Residential Company purchased Vue Los Feliz, a 134-unit apartment property in the Los Feliz neighborhood of Los Angeles, for $64.3 mil, or $479.9k per unit. The property was sold by a private multifamily investment f...
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• California Fertility Partners Leases 34k sf HQ Space in West Los Angeles
7/12/22
California Fertility Partners, a wholly owned subsidiary of Tampa-based Pinnacle Fertility, inked a deal for a 34k sf HQ space in Los Angeles. The lease is for the entire Sawtelle Plaza building, located at 2045 Sawtelle Blvd...
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• Instil Bio Lines Up $85 Mil for Development of a Life Sciences Campus in the San Fernando Valley
7/12/22
Instil Bio has secured $85 mil in construction money for the development of a state-of-the-art, 102k sf life sciences campus in the San Fernando Valley community of Tarzana. Located at 18404-18412 Oxnard St, north of the 101 ...
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• Lift Partners Buys 42k sf Industrial Property in Rancho Dominguez
7/12/22
Lift Partners acquired a 42.5k sf industrial property located at 2950 E. Harcourt in Rancho Dominguez in an off-market deal. The price was not given out. The freestanding asset is fully NNN-leased to Wenzlau Engineering, a s...
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• Draftsmen & Craftsmen
7/12/22
C.W. Driver Companies has completed the remodel and improvement to the Whittier Central Library. The 39.3k sf, $14.6 mil project included a 35k sf modernization to the existing building and a 4.3k sf minor expansion. CWA AIA ...
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• Single-Tenant ALDI Property in Downey Goes for $7.3 Mil
7/11/22
A private trust paid $7.3 mil for an 18.6k sf ($392/sf), single-tenant retail building fully occupied by ALDI in the Los Angeles-area city of Downey. The property was sold by Westland Real Estate Group. Positioned on 1.65 a...
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• L.A. County Retail Trade Rings Up at $3.2 Mil
7/08/22
Luxurious Properties LLC purchased an 11.5k sf shopping center and land parcel in Los Angeles in a $3.2 mil transaction. The seller was Garrison Property Management LLC. The shopping center is located at 1628-1642 Firestone ...
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• Corner Development Site in Hollywood Acquired for Development of Planned Community Campus
7/06/22
A 65.6k sf parcel of contiguous land on the corner of Highland Ave and Sunset Blvd in Hollywood was purchased by Grammy Award-winning songwriter and producer Philip Lawrence. Lawrence, known for his long-time collaboration wi...
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• Three Industrial Buildings in the City of Paramount Fetch $10.7 Mil
6/29/22
Three industrial buildings totaling 35k sf in the city of Paramount sold for $10.7 mil ($220/sf) in two transactions. In one of the transactions, two vacant industrial buildings zoned M2 on a corner lot with a fully fenced ...
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• Brasa Capital Management Closes Second Investment Fund Oversubscribed at $450 Mil
6/29/22
Brasa Capital Management LLC (“Brasa”), has closed Brasa Real Estate Fund II LP (“Fund II”), reaching its hard cap of $450 mil. With a Fund II target of $300 mil, Brasa has now exceeded its fundraising goal on its first tw...
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• Tishman Speyer Collects $205 Mil from El Segundo Office Sale
6/28/22
In a major office trade out of L.A.’s South Bay region, Tishman Speyer collected $205.5 mil from the sale of 555 Aviation, a 259.8k sf ($791/sf), low-rise office building in El Segundo that is 100% leased to Saatchi & Saatchi...
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• L.A. Area Investors Trade Long Beach Apartment Property in $6.5 Mil Deal
6/27/22
A Los Angeles-based private investor paid $6.5 mil for a 16-unit ($406k/unit) apartment property in the Rose Park neighborhood of Long Beach. The property is located at 640 Stanley Ave. Built in 1973, the two-building proper...
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• Rexford Industrial Realty Picks Up Five-Acre Development Site in Santa Fe Springs
6/24/22
Rexford Industrial Realty acquired a five-acre development land parcel in Santa Fe Springs for $34 mil. Rexford plans to complete the ground-up development of a 108k sf, Class A warehouse facility at the site. The acquisition...
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• Stos Partners Spends $12 Mil on Two L.A. Area Industrial Assets
6/24/22
Stos Partners has acquired two SoCal industrial assets totaling more than 41k sf in Los Angeles’ La Mirada and San Fernando submarkets. The transactions totaled about $12 mil. Stos Partners plans to implement a strategic ca...
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• Single-Tenant Building in L.A.’s Arts District Goes for over $1,000/sf
6/23/22
A 5.6k sf, single-tenant, retail medical/recreational dispensary net leased to Sweet Flower in Los Angeles traded hands in a $6 mil transaction ($1,071/sf). The deal came in at an 8.2% cap rate. The retail building is locate...
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• Private Investor Exchanges into $14 Mil West LA Industrial Buy
6/23/22
A local, private 1031 exchange investor paid $14 mil, or $538/sf, for a 26k sf industrial property in West Los Angeles. Located at 1977 South Sepulveda, north of Olympic Blvd and east of the 405 Fwy, the property features fiv...
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• Neighborhood Center in the Western San Fernando Valley Sells for Over $600/sf
6/22/22
Mayhew Plaza Shopping Center, a 39.9k sf, Smart & Final Extra-anchored neighborhood shopping center in the western San Fernando Valley community of Woodland Hills, sold for $24.5 mil, or $614/sf. The property, located at 2263...
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• Terray Therapeutics Leases 49k sf in Monrovia
6/22/22
Terray Therapeutics Inc signed a lease for 49k sf of lab/office space at Monrovia Technology Campus, located at 750 and 800 Royal Oaks Dr in Monrovia. Terray Therapeutics, a biotechnology company propelling drug discovery int...
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