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June 15, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Hong Kong Buyer Pays $427/sf for San Gabriel Retail Property
12/20/21
A 25.5k sf, three-tenant, grocery-anchored retail center in San Gabriel traded in a $10.9 mil ($427/sf) transaction. The fully occupied asset is located at 7260 Rosemead Blvd. The center is anchored by Grocery Outlet, which ...
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• Michele Vives Named President of Douglas Wilson Companies
12/17/21
Michele Vives has been promoted to president of Douglas Wilson Companies (DWC), succeeding Douglas Wilson, who continues as CEO and chairman of the board. DWC is a real estate development, receivership and advisory firm that ...
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• Pomona Multifamily Property Purchased for $130 Mil
12/16/21
Monterey Station, a 349-unit apartment complex in Pomona, was purchased by Standard Communities and Faring, a leading national investor and developer of affordable and workforce housing, for $130 mil ($372.5k/unit). The commu...
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• Long Beach Apartment Sale Closes at $306k per Unit
12/15/21
An eight-unit apartment property located at 26 Belmont in the Belmont Shore area of Long Beach traded for $2.45 mil, or $306k per unit. The buyer was a Los Angeles-based private investor. Built in 1953, the two-story propert...
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• Waterford Property Company and California Statewide Community Development Authority Spend $280 Mil on 480-Unit Pasadena Res Property
12/10/21
Waterford Property Company, in partnership with the California Statewide Community Development Authority (CSCDA), has acquired Westgate Apartments, a 480-unit multifamily property in Pasadena, for $280 mil ($583.3k/unit). The...
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• Chatsworth Apartment Property Sells for Over $100 Mil
12/09/21
Waterstone, a 354-unit ($287.5k/unit) apartment building in Chatsworth, was purchased for $101.8 mil by Lincoln Avenue Capital, a developer of affordable and workforce housing. Located at 9901 Lurline Ave, Waterstone is the...
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• Long Beach Apartment Building Sells for $286k per Unit
12/08/21
An OC-based private investor paid $2.29 mil for an eight-unit ($286.3k/unit) apartment property in Long Beach. The property is located at 912 Gladys Ave, in the city’s Rose Park Historic District. Built in 1963, 912 Gladys A...
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• Hanley Investment Group Real Estate Advisors Raises Nearly $32k During Its 2021 Movember Campaign
12/08/21
Hanley Investment Group Real Estate Advisors has raised $31,931 during its 2021 Movember campaign. This year’s campaign, which was dedicated to “Save a Father, Son, Brother & Loved One,” marked Hanley Investment Group’s 11th ...
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• Xenon Investment Corp Spends $7.5 Mil on 33-Unit L.A. Res Property
12/07/21
Hollywood Apartments, a 33-unit multifamily property in Los Angeles, was purchased for $7.5 mil ($227.3k/unit) by investor Deepak Mehta and Xenon Investment Corp. The asset was sold by RPVoge Investments, a family trust. Hol...
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• Waterford Property Company Acquires 472-Unit Pomona Multifamily Community for Preservation of Existing Affordable Housing
12/07/21
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), a joint powers authority, has acquired 777 Place, a 472-unit multifamily property in Pomona, for $149.4 mil ($316.5...
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• Torrance Multifamily Property Comps at $432k per Unit
12/06/21
The Village Apartments, a 36-unit multifamily complex located in Torrance, sold for $15.575 mil, or $432.6k per unit. Built in 1963, The Village Apartments is located at 3650 Newton St. The property is comprised of 36 two-s...
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• Hackman Capital Partners LLC and Square Mile Capital Management to Buy CBS Studio Center in $1.85 Bil Deal
12/03/21
A Hackman Capital Partners LLC and Square Mile Capital Management LLC partnership has entered into a definitive agreement to purchase CBS Studio Center in Studio City for approximately $1.85 bil. The property is being sold by...
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• Amstar and Harbor Associates Spend $20 Mil on Vacant Office Asset in Century City
12/01/21
A 36.3k sf, vacant office building in Century City has sold for $20.2 mil ($555/sf). The buyer was a partnership between Amstar, a privately-owned real estate investment management company, and Harbor Associates. Built in 19...
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• UCLA Bruins Claim the Silver Shovel at NAIOP SoCal’s USC vs UCLA Real Estate Challenge
11/24/21
The UCLA graduate student team took home the coveted Silver Shovel for its winning proposal at the 24th NAIOP SoCal USC vs UCLA Real Estate Challenge, just held November 18. At the annual competition, five-member graduate s...
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• Historic Office Asset in South Pasadena Fetches Over $500/sf
11/23/21
Baranger Studios, a 13.2k sf, historic office property in South Pasadena, sold to a local investor for $6.8 mil ($515/sf). This was the first time in 37 years the building traded hands. The landmark property is located at 7...
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• Long Beach Apartment Portfolio Trades for Nearly $42 Mil
11/23/21
A 17-property, 155-unit apartment portfolio in Long Beach sold for $41.85 mil, or $270k per unit. The portfolio is comprised of assets in “B” locations across Long Beach and just over half of the units are Section 8 housing....
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• Pair of SoCal Industrial Leases Total Over 600k sf of Space
11/23/21
We’ve learned of two major SoCal industrial leasing transactions, totaling over 600k sf, which we’ll mention here. In one, DNA Motor signed a lease for the entire 350k sf building at 20301 E. Walnut Drive North in City of In...
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• Dunleer Buys Temple City Industrial Facility
11/22/21
Los Angeles-based Dunleer has purchased a 64.1k sf, industrial asset situated on 115k sf of land in Temple City. The property is located at is located at 9620-9642 Gidley St, within one mile of the I-10 Fwy. The price was not...
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• Begonia Real Estate Development Breaks Ground on 74-Unit Multifamily Project in Temple City
11/22/21
Begonia Real Estate Development broke ground on a 58.3k sf, mixed-use multifamily project in the San Gabriel Valley. The $36.8 mil development is being built by C.W. Driver Companies. Located at 5570 Rosemead Blvd in Temple ...
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• Pad Building in Pico Rivera Goes for $6.3 Mil
11/18/21
A recently renovated, two-tenant retail pad totaling 7.3k sf at Pico Rivera Plaza sold for $6.32 mil ($866/sf). The asset, net-leased to credit-worthy tenants, was sold by Paragon Commercial Group. The property is an outparc...
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