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June 16, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Exchange Investor Pays $324/sf for Inglewood Retail Center
12/19/23
An L.A.-based exchange investor bought a 12.8k sf, multi-tenant retail center anchored by Dollar General in Inglewood for $4.15 mil ($324/sf). The seller was also a private investor based in Los Angeles. Built in 1961 and re...
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBREís Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• DCW Inc Leases 115k sf Industrial Facility in Rancho Dominguez
12/15/23
DCW Inc, a warehousing, fulfillment, distribution, and transportation services company, inked a $10.08 mil lease for a 115.7k sf industrial warehouse property in Rancho Dominguez. The property, located at 3040 E. Ana St, is o...
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• Private Investor Exchanges into Five Res Properties in Torrance and Long Beach
12/14/23
A private investor has purchased five multifamily properties in Torrance and Long Beach from different sellers to fulfill their 1031 exchange requirement following the sale of a 3.82-acre property in Torrance. CBREís Dan Bl...
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• Bristol Farms Inks Lease at New Modera Argyle Development in Hollywood
12/13/23
Upscale regional grocer Bristol Farms agreed to a 15-year lease for 23.2k sf of space at Modera Argyle, a 276-unit, luxury res development at the corner of Selma and Argyle Avenues in the heart of the Hollywood Entertainment ...
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• RectorSeal Leases 240k sf at Tejon Ranch
12/11/23
RectorSeal LLC has agreed to a lease for 240k sf of space within a 480k sf industrial facility at Tejon Ranch Commerce Center (TRCC). RectorSeal, a manufacturer of quality HVAC/R and plumbing products distributed globally, be...
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• PACE Facility in Long Beach Trades Hands
12/06/23
WelbeHealth Long Beach Center, a newly renovated, 15.9k sf PACE (Program of All-Inclusive Care for the Elderly) facility in Long Beach, has traded hands. Located at 1220 E 4th St., the WelbeHealth Long Beach Center is a PACE ...
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• Commercial Real Estate Financing Briefs
12/05/23
CAPITAL MARKETS - Jordan Angel, Mike Huth and Ethan Habecker with JLL Capital Markets arranged $22.5 mil acquisition financing for The Hampton Inn & Suites in Truckee, CA on behalf of JMA Ventures LLC. The property features ...
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• Watch Interview with Fidelity Mortgage Lenders' Founder & President Chuck Hershson
12/05/23
In this latest episode of Commercial Real Estate Talk with Steve and Arnie, Chuck Hershson "Uncle Chuck", discusses: his start in the commercial real estate lending business; how his business has evolved over 50 years; his ma...
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• Clarion Partners LLC and Baranof Holdings Buy 677-Unit L.A. Area Self-Storage Asset
12/01/23
South Pasadena Storage, a 677-unit self-storage facility located in South Pasadena, was acquired by a joint venture between Clarion Partners LLC and Baranof Holdings out of Dallas, TX. It was sold by Gelt Ventures. The price ...
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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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• Travelerís Insurance Leases 41k sf of Office Space in the San Gabriel Valley
11/22/23
Travelerís 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.ís Koreatown Sells for $225k/Unit
11/17/23
A 10-unit apartment property located in Los Angelesí 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 cityís 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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