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• Hospitality Reuse Property in Downtown L.A. Sells for $18 Mil
12/12/22
An adaptive reuse hospitality redevelopment site in downtown Los Angeles traded hands for $18 mil. The property, located at 124 E. Olympic Blvd, in the heart of the DTLA’s emerging Fashion District submarket, was sold by Jami...
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• Work Started on Res Community in San Pedro Waterfront Arts District
12/12/22
Construction recently got underway on Vivo on Harbor, a new waterfront residential community in Los Angeles. Located in the San Pedro Waterfront Arts District neighborhood at the gateway to the Port of Los Angeles, the projec...
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• Res Property in Signal Hill Sells for $389k/Unit
12/09/22
A 24-unit apartment property in the city of Signal Hill sold for $9.325 mil, or $389k/unit. The property is located at 1867 Temple Ave, just north of Pacific Coast Hwy. The buyer plans to complete renovations on units that ha...
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• Commercial Real Estate Financing Briefs
12/09/22
JLL Capital Markets -- Aldon Cole and Brad Vansant with JLL Capital Markets arranged $20.6 mil in acquisition financing and joint venture equity for 2425 Auto Park Way, an 88.7k sf corporate headquarters and distribution faci...
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• Los Angeles County 3rd Qtr Multifamily Sales Volume Down 12% from Prior Year
12/08/22
LA County Q3 2022 - Multifamily Market Outlook
This update provided by NAI Capital Commercial
In Los Angeles County, the multifamily housing market continued enduring remnants of the statewide eviction moratorium, which was...
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• EDENS Picks Up LA. County Retail Portfolio for $136 Mil
12/06/22
EDENS has acquired a portfolio of three grocery-anchored shopping centers comprising over 400k sf in Los Angeles County for a price of $136.8 mil, or around $340/sf. The properties were sold by Combined Properties Inc.
One o...
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• CapRock Partners Building 270k sf Industrial Facility in Pomona
12/06/22
CapRock Partners has obtained $50 mil in construction money for the construction of a 269.7k sf industrial facility in Pomona. Greg Brown, Peter Thompson and Sam Godfrey with JLL Capital Markets arranged the non-recourse cons...
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• Pilot Air Freight Leases 48k sf of Industrial Space in Compton
12/02/22
Pilot Air Freight LLC recently inked a 62.5-month lease worth $7 mil for 48k sf ($2.33/sf/mo) of industrial space in Compton. The deal is within a 96k sf facility owned by IDI Logistics at 1700 Walnut Pkwy, north of the 91 Fw...
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• San Fernando Valley 7-Eleven Property Sells for $1,840/sf
12/02/22
A 2.5k sf convenience store and full-size service station property net leased to 7-Eleven in the west San Fernando Valley community of Chatsworth traded hands in a $4.6 mil ($1,840/sf) deal.The 7-Eleven is located at 9108 De ...
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• Investor Buys 15k sf Studio City Property
12/02/22
A private LLC investor has purchased a 15k sf property located at 12318 Ventura Blvd in Studio City. The two-story structure is fully leased to Sit N Sleep, who has been a tenant for 11 years. The current lease terminates in ...
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• Four-Building Industrial Park in City of Industry Goes for Over $300/sf
11/29/22
A four-building, 95.7k sf freestanding industrial park in City of Industry was purchased by Newport Beach-based Focus Real Estate and their joint venture equity partner Long Wharf Capital, in a $30.75 mil ($321/sf) transactio...
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• UCLA Defeats USC in Annual NAIOP SoCal Silver Shovel Competition
11/29/22
On the 25th anniversary of the NAIOP SoCal UCLA vs USC Real Estate Challenge, it was UCLA’s five-member graduate student team that took home the Silver Shovel.
The event, held November 17 on the UCLA campus, pit five-member...
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• Apartment Building in L.A.’s Echo Park area Trades for $380k/Unit
11/28/22
A 10-unit apartment property located in L.A.’s Echo Park area sold for $3.8 mil, or $380k/unit. Built in 1966, the property is located at 1330 Portia St and is subject to Los Angeles rent control.
The property consists of on...
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• Northland Closes $500 Mil Res Buy in Downtown L.A.
11/23/22
In a recent multifamily asset trade, Northland purchased THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multi-housing community located in Downtown Los Angeles, for $504 mil. The 59-story res high-rise was sold by a ...
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• Kidder Mathews’ Linda Lee Named 2023 President of CCIM’s Greater Los Angeles’ Chapter
11/22/22
Kidder Mathews Executive Vice President Linda Lee, CCIM, has been elected 2023 President of CCIM’s Greater Los Angeles’ chapter. She is joined by the firm’s Vice President Francisco Williams, CCIM, who has been elected as the...
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• Santa Monica Mixed-Use Building Goes for Over $600/sf
11/17/22
A 15.1k sf mixed-use building in Santa Monica traded hands in a $9.25 mil ($613/sf) transaction. The building, located at 1617 Broadway, was constructed in 2002 and recently remodeled.
Located half a mile from the beach, th...
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• The Ratkovich Company and Jerico Development Inc Secure $35 Mil for Construction of San Pedro Waterfront Retail Development
11/17/22
A venture between The Ratkovich Company and Jerico Development Inc is developing a 42-acre, multi-tenant retail center at the former site of Ports O’ Call Village in San Pedro. The transformative project, West Harbor, is now ...
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• Office Property in L.A.’s SoRo Neighborhood Lands New Owner in $6 Mil Deal
11/16/22
A 14.3k sf office property in the South Robertson neighborhood of Los Angeles was purchased for $6 mil ($420) by a non-profit user. The unique property includes two adjacent parcels of land at 1818 and 1824 South Robertson Bl...
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• Workforce Housing Project in L.A.’s Mid-City Area Expected to Finish Up in Spring 2023
11/15/22
A new 123-unit workforce housing project in Los Angeles’ mid-city area is underway and expected to wrap up construction in spring 2023. The development, Liv on Pico, will provide much-needed housing adjacent to Culver City an...
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• L.A. Metro and A Community of Friends Start Construction on Affordable Housing Complex in Boyle Heights
11/14/22
The Los Angeles County Metropolitan Transportation Authority (Metro) and A Community of Friends, a nonprofit specializing in developing supportive housing, have broken ground on construction of a new affordable housing develo...
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