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• Exchange Investor’s Car Wash Buy is Pure BLISS
10/31/23
A Los Angeles-based private investor paid $3.72 mil for the absolute triple-net ground lease of a new BLISS Car Wash in Valencia. The transaction was conducted prior to the completion of construction and before the tenant op...
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• Res Community in L.A.’s Playa Vista Area Lands New Loan of $115 Mil
10/27/23
Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista.
The Ventana was originally constr...
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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• L.A. County Retail Vacancies Hit All-Time High of 18.2 msf
10/26/23
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q3 2023, LA County's retail market recovery continued, marking three years post-pandemic. With construction easing and vacancy slo...
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• Apartment Property in L.A.’s Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.’s Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds.
Located...
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• CapRock Partners Secures $32.9 Mil Loan on San Dimas Industrial Property
10/23/23
CapRock Partners obtained $32.9 mil in financing for 300 East Arrow Highway, a single-tenant industrial building totaling 165k sf in San Dimas. The new non-recourse loan was arranged by Greg Brown, Peter Thompson, Kyle White ...
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• Wimatex Inc Buys Vernon Shopping Center for $4.7 Mil
10/23/23
Vernon Shopping Center, a 14k sf retail asset located in the heart of the City of Vernon was acquired by California-based Wimatex Inc for $4.7 mil ($336/sf) as part of a 1031 exchange transaction.
Built in 2017 and situated ...
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• Santa Fe Springs Industrial Property Trades in $10.5 Mil Deal
10/23/23
Fortress Investment Group LLC purchased a vacant 31.4k sf industrial property in Santa Fe Springs for $10.515 mil. Situated on 2.45 acres at 14930 Marquardt Ave, the heavy manufacturing facility was built in 1969 and features...
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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area
10/20/23
Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen.
The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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• AIDS Healthcare Foundation Spends $20 Mil on Carson Distribution Facility
10/19/23
The AIDS Healthcare Foundation has purchased a 54k sf warehouse/distribution facility in the City of Carson for $20 mil ($370/sf). Constructed in 2002, the property is located at 18421 South Main St.
The freestanding, concre...
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• Sports Bar 33 Taps Leases Ground Floor Space at Moxy/AC Hotels Development in Downtown Los Angeles
10/19/23
Los Angeles-based sports bar 33 Taps has leased 7.9k sf of space on the ground floor of the recently opened Moxy/AC Hotels development in downtown Los Angeles. The 727-key hotel project is located at 1240 S. Figueroa St, acr...
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• Commercial Real Estate Financing Briefs
10/18/23
MARCUS & MILLICHAP CAPITAL CORPORATION - Rick Judge with Marcus & Millichap Capital Corporation arranged $21.8 mil in financing for the purchase of Kaleidoscope Center, a retail shopping mall with office space located at 2774...
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• LAX Freight Delivery Leases 123k sf Facility in the City of Commerce
10/18/23
Third party logistics firm LAX Freight Delivery Inc has signed a lease for an entire 123.1k sf industrial building in the City of Commerce. The site, covering seven acres at 2187 Garfield Ave, represents a relocation from a s...
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• Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry
10/17/23
Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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• Hawthorne Mall Property Listed for Sale by The Charles Company
10/17/23
The Charles Company has listed the Hawthorne Mall property in L.A.’s South Bay area for sale or long-term ground lease. The vacant property consists of a roughly 1 msf shopping center situated on about 25 acres.
The propert...
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• Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility
10/17/23
In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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• Compton Warehouse Gets New Owner in $16 Mil Trade
10/16/23
A 43.5k sf warehouse property in Compton was purchased by a private investor in a $16 mil ($368/sf) transaction. The property is located at 1303 West Walnut Pkwy, east of Central Ave and just north of the 91 Fwy.
The propert...
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• Calabasas Office Complex Trades to Investment Entity of Local Industry Pros
10/12/23
Calabasas Courtyard, a three-building office project located in the western San Fernando Valley city of Calabasas was acquired by Calabasas Courtyard LLC, an investment entity comprised of industry veterans Brian Forster of ...
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• NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus
10/11/23
The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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