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• Harbor Associates LLC and Evergen Equity Spend $55 Mil on L.A. Area Industrial Portfolio
11/28/23
Harbor Associates LLC, in a joint venture with Evergen Equity, has acquired a 126k sf industrial real estate portfolio in Gardena from a local investor in an off-market transaction valued at $55 mil ($436/sf).
The portfolio...
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• Mason Waite Named Managing Director of Asset Management at BKM Capital Partners
11/27/23
Mason Waite has been named Managing Director of Asset Management at BKM Capital Partners. He will also serve on the Investment Committee for the company, which specializes in the acquisition and improvement of value-add multi...
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• Los Angeles Apartment Property Sells for $647k/Unit
11/27/23
A new construction, four-unit multifamily property in the Pico Union submarket of Los Angeles sold for $2.59 mil, or $647.5k/unit.
Built in 2021, the turn-key property is located at 1807 S. New Hampshire Ave and is not subje...
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• Traveler’s Insurance Leases 41k sf of Office Space in the San Gabriel Valley
11/22/23
Traveler’s insurance inked a 66-month lease for 41.6k sf of office space in the eastern San Gabriel Valley city of Diamond Bar. The Class A, three-story 80.2k sf building is located at 21680 Gateway Dr, south of Hwy 60 and ad...
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• Steinhauer Properties Acquires Long Beach Site for Planned Hard Rock Hotel
11/17/23
Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach.
The new hotel i...
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• Apartment Property in L.A.’s Koreatown Sells for $225k/Unit
11/17/23
A 10-unit apartment property located in Los Angeles’ Koreatown submarket traded for $2.25 mil, or $225k/unit. The property is located at 2900 Francis Ave, east of Vermont Ave about midway between Wilshire and Olympic Blvds.
...
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• Single-Tenant El Segundo Building Lands $15 Mil Refi
11/16/23
A 51k sf, single-tenant building in El Segundo has been refinanced with a new loan for $15.3 mil. The flex/office property is located at 601 Hawaii St, adjacent to LAX within Los Angeles' South Bay submarket.
The one-story ...
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• Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
In news of a substantial redevelopment opportunity in Long Beach, Golden Shore, a prime 4.73-acre waterfront mixed-use development site in the city’s downtown, has been put on the market. The site is comprised of three parcel...
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• L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor
11/15/23
A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office.
In 2019, LA Downtown Medi...
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• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
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• Sales Volumes in L.A. County's Commercial Real Estate Drop as Cap Rates Rise Amid the Fed's Rate Pause
11/13/23
This report provided by real estate services firm NAI Capital Commercial
In the third quarter of 2023, commercial real estate sales in Los Angeles County experienced a significant year-to-date decline in sales volume, accomp...
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• Private Investor Pays $344k/Unit for Apartment Property in L.A.’s Hancock Park
11/13/23
An eight-unit apartment property in Los Angeles’ Hancock Park area sold for $2.75 mil ($344k/unit). The asset traded at a cap rate of 4.30% and a gross rent multiplier of 14.79.
Built in 1938, the value-add property is locat...
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• West Hollywood Apartment Property Trades at 4.85% Cap Rate
11/10/23
A 12-unit apartment property in the Tri-West submarket of West Hollywood sold for $3.95 mil ($329k/unit). The property, located at 8514 Sherwood Dr, traded at a cap rate is 4.85% and a gross rent multiplier of 14.38.
Built i...
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• West Covina Apartment Property Trades for $40 Mil
11/09/23
Sunset Square, a 140-unit multifamily property in West Covina, was acquired by B.A.G. Investments Inc in a $40 mil ($286k/unit) transaction. Built in 1964 and renovated in 2015, the four-building property is located at 745 N....
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• Apartment Property in Old Town Torrance Goes for $437k/Unit
11/09/23
A private, 1031 exchange investor purchased an 11-unit multifamily community in Torrance for $4.81 mil, or $437k/unit.
Located at 1751 Cabrillo Ave in the desirable Old Town Torrance neighborhood, the property sits on over ...
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• Cerritos Office Building is Traded
11/08/23
Plaza Tower, a 191.9k sf, multi-tenant Class A office property in Cerritos, traded hands in a recent transaction. The nine-story property, located at 18000 Studebaker Rd, was purchased by Logos Missions Inc.
Developed in 198...
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• BLT Enterprises Finishes Renovations at Hollywood Soundstage Property
11/06/23
BLT Enterprises has completed a $1 mil renovation of BLT Studios, its wholly-owned and operated film studio and soundstage property located at 6309 Eleanor Ave in Hollywood. The renovations included interior, exterior, and HV...
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• San Gabriel Shopping Center Purchased for $10 Mil by 1031 Exchange Investor
11/03/23
Las Tunas Plaza shopping center, a 17.5k sf neighborhood retail center in the city of San Gabriel, was acquired by a 1031 exchange investor in a $10 mil ($571/sf) transaction. The deal closed at a 4.74% cap rate.
Situated on...
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• Work Underway on New 70k sf Building for Malibu High School
11/02/23
Work has started on the first phase of Malibu High School’s expansion for Santa Monica-Malibu Unified School District (SMMUSD). The 70k sf state-of-the-art building, scheduled for completion in fall of 2025, will feature a li...
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• San Fernando Valley Res Community Sale Goes for $106 Mil
11/01/23
Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
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