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June 17, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Glendale Office Tower Lands $145 Mil Refi Loan
2/15/22
DivcoWest has obtained $145 mil in refinancing for Glendale Plaza, a 542k sf, recently renovated Class A office tower in Glendale. Located at 655 N. Central Ave, Glendale Plaza is a 24-story, LEED Platinum-certified office to...
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• CenterPoint Properties Closes $24 Mil Industrial Buy in Gardena
2/14/22
CenterPoint Properties purchased a 91.3k sf, fully leased industrial property in Gardena for $24.04 mil ($263/sf). CenterPoint acquires, develops, redevelops, manages, leases and sells state-of-the-art warehouse, distribution...
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• Office Building in Brentwood Goes for $780/sf
2/11/22
A three-story, 24.3k sf office building in Brentwood, on Los Angeles’ Westside, sold for $19 mil, or $781/sf. The building, located at 11440 San Vicente Blvd, was partially vacant at the time of sale. The new owner plans to o...
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• Long Beach Office High-Rise Sells in $85 Mil Transaction
2/10/22
Shoreline Square, a Class A, 20-story, 411k sf office tower in downtown Long Beach, traded hands for $85.5 mil, or $208/sf. The building, located at 301 East Ocean Blvd, was purchased by Shoreline Square Holdings LLC. The sel...
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• Long Beach Apartment Building Trades for $240k per Unit
2/10/22
A NoCal-based private investor paid $5.04 mi for a 21-unit ($240k/unit) apartment property located at 1505 E. 11th Street in Long Beach. The property closed at a 4.2% cap rate. Built in 1964, the controlled-access property o...
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• Buck Design Buys Office Building in DTLA’s Little Tokyo Neighborhood
2/09/22
Buck Design purchased a 79.2k sf office building in the Little Tokyo neighborhood of Downtown Los Angeles. The creative agency plans to move into the property, located at 120 South San Pedro St, following further renovation. ...
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• Prologis Spends $96 Mil on OC Office Campus
2/08/22
Prologis Inc has acquired Pacific Vista, a 322.3k sf, Class A corporate office campus situated on just over 24 acres in Lake Forest, for $96 mil ($298/sf) in an off-market deal. The property consists of five two-story office ...
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• Premier Workspaces Partners for Another QWork in Warner Center
2/07/22
Irvine-based Premier Workspaces is partnering with California Home Builders to open their second partnered location, QWork Topanga. The new 9.2k sf, private office and coworking space is located on the ground level of The Q T...
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• Swift Real Estate Partners Buys 189k sf Studio Conversion Project in Los Angeles
2/07/22
Swift Real Estate Partners has acquired Reframe Studios, a 188.7k sf production project in Los Angeles, for about $93 mil ($493/sf). The property, located at 4561 Colorado Blvd, is an adaptive reuse/industrial conversion to s...
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• Torrance Multifamily Property Trades in $49.5 Mil Transaction
2/04/22
Rolling Hills Apartment Homes, a 107-unit apartment complex in Torrance, sold for $49.5 mil, which equates to $462.8k/unit. The property, located at 25935 Rolling Hills Rd, south of Hwy 1 off Crenshaw Blvd, traded between pri...
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• LA North Studios Leases 70k sf Valencia Facility for Conversion to Sound Stage Space
2/03/22
LA North Studios inked a lease for a 70.6k sf industrial building in Valencia. LA North is an independent full-service film and television studio founded in 2019 by Anthony Syracuse and John Prabhu. Terms of the deal were not...
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• Magellan Value Partners Buys 21 Acres in South El Monte
2/02/22
Magellan Value Partners acquired a 21.2-acre land parcel in the San Gabriel Valley city of South El Monte. The property is located at 825 Lexington Gallatin Rd, immediately off State Route 60 (also known as the Pomona Fwy) at...
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• Four Single-Tenant Assets at New L.A. Area Shopping Center Trade in Deals Worth Over $19 Mil
2/01/22
Four single-tenant net-leased investments at a newly developed Grocery Outlet-anchored shopping center in the unincorporated Greater L.A. area of Rosamond traded in separate deals totaling $19.3 mil. The new construction prop...
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• Long Beach Apartment Property from the 1960s Sells for $394k/Unit
2/01/22
A 16-unit apartment property in Long Beach traded hands in a recent $6.3 mil ($394k/unit) transaction. The property is located at 445-455 Rose Ave in the city’s 4th Street / Retro Row neighborhood. Built in 1963, 445-455 Ros...
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• Hines’ Discretionary Fund Vehicles Close Three SoCal Acquisitions
1/31/22
Hines has closed three strategic deals in Southern California within the last 60 days, including two industrial and logistics assets and one retail redevelopment project. The transactions were made on behalf of Hines U.S. Pro...
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• Balboa Retail Partners Closes $7 Mil Retail Buy in the San Gabriel Valley
1/31/22
El Monte Plaza, a 60.3k sf retail center anchored by Northgate Market in the city of El Monte, was purchased by Balboa Retail Partners for $16.9 mil ($280/sf). The property was sold by Griffin Living. Located at 3828 Peck Rd...
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• 95-Year-Old Multifamily Property Outside of Downtown L.A. Trades in $15.5 Mil Deal
1/27/22
Frostonya Apartments, an 81-unit multifamily complex in Los Angeles, traded hands for $15.475 mil ($191k/unit). Built in 1927, the property is located at 346 North Vermont Ave. The building had been placed on the market for ...
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• Westport Properties Completes Construction of 1,182-Unit Self-Storage Project in Los Angeles
1/25/22
Westport Properties has completed construction of a 1,182 unit, 157.1k sf property located at 4800 Valley Blvd, north of I-10 and east of downtown in Los Angeles. Westport Properties will market and manage the property under...
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• Gelt Inc Completes $156 Mil Long Beach Multifamily Buy
1/25/22
Gelt Inc acquired Volta on Pine, a 271-unit, Class A apartment community in Long Beach, for $156 mil, or $575.6k/unit. Built in early 2021, Volta on Pine is situated on just over one acre at 635 Pine Ave. The property includ...
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• Creative Artists Agency Inks Long-Term HQ Lease at New Tower in Century City
1/20/22
Creative Artists Agency (CAA) has signed a long-term, anchor-tenant lease agreement to relocate its headquarters to a new Century City office tower in 2026. The 37-story high-rise, Century City Center, is a development of JMB...
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