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July 12, 2024
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• Dunleer Buys Temple City Industrial Facility
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
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
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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• University of Southern California Spends $57 Mil for Life Sciences Building on Campus
The purchased a four-story, 75.3k sf life sciences building in the heart of USC’s Health Science Campus, directly adjacent to USC Norris Hospital, for $57 mil ($757/sf). It was sold by Doheny Eye Institute. The building was ...
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• Arcadia Mixed-Use Property Sells for $39 Mil
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
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• Clothing Designer Leases 31k sf of Mixed-Use Space in Downtown Los Angeles
Clothing and accessory designer, Johnny Was, inked a lease for 31.2k sf of space in downtown Los Angeles. The fashion retailer leased the 6th floor and 7th floor penthouse in the mixed-use building at 712 S Olive St for its ...
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• LaTerra Development and QuadReal Property Group to Develop 573-Unit Apartment Project in Downtown Burbank
LaTerra Development, a Los Angeles-based developer, together with QuadReal Property Group, a global real estate company based in Vancouver, have secured a $198.5 mil construction loan for the development of 573 apartment home...
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• Burbank Multifamily Community Purchased by Clarion Partners and Cityview in $161 Mil Transaction
Empire Landing, a 276-unit, garden-style apartment community in Burbank, was acquired by a joint venture of Clarion Partners and Cityview in a $161 mil ($583k/unit) transaction. The buyers are planning a comprehensive renovat...
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• Pomona Industrial Property Sold for $6.78 Mil
Pomona Business Park, a 66k sf biz park property on 3.9 acres in Pomona, was bought by a local investor for $6.78 mil ($103/sf). The buyer intends to implement a value-add renovation program at the property, located at 201 No...
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• Meta Housing Corporation Begins Work on 150-Unit Affordable Housing Project in Palmdale
Meta Housing Corporation has broken ground on Palmdale Terrace, a 151-unit affordable multifamily housing development in Palmdale. The project, located at SW 25th St East and East Ave, is being built by RAAM Construction Inc....
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• Waterford Property Company and California Statewide Community Development Authority Buy 105-Unit Res Community in Pasadena
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave in Pasadena, for $67 mil ($ Up...
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• StringKing Leases 75k sf Carson Facility
StringKing has leased a freestanding, 74.7k sf industrial and manufacturing/distribution facility in Carson. Terms of the deal were not given out. StringKing’s new facility provides access and frontage to the 91 Fwy and is a...
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• Draftsmen & Craftsmen
H. Hendy Associates has completed construction on a new global headquarters and production workspace design for Rocket Lab, a space systems company, in Long Beach. Rocket Lab fully occupies a 90.7k sf building owned by Sares ...
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• Local Investor Pays $280k/Unit for Paramount Apartment Building
Casa Sierra, a 22-unit multifamily property in the SoCal city of Paramount, was purchased by Gardena-based Swami International California for $6.175 mil ($280.7k/unit). Built in 1986, the property is situated on just over o...
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• African-American Real Estate Professionals Association of Los Angeles Hosts the CRE Industry for The Zanja Madre Experience
The African-American Real Estate Professionals association of Los Angeles (AAREPLA) and other culturally diverse trade organizations gathered last Thursday in the award-winning garden plaza at 801 Tower – The Zanja Madre. All...
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• Local Investors Trade Downey Apartment Property
A 16-unit apartment property in Downey sold for $3.95 mil, or $247k/unit. The property, located at 11502 to 11506 Adco Ave, traded at a 4.73% cap rate. Built in 1957, the two-building, two-story property was fully occupied a...
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• New Hollywood Lifestyle Hotel Slated to Open in December
tommie Hollywood, a lifestyle hotel located at 6516 Selma Ave, in the heart of Hollywood near Sunset Blvd, is slated to open in early December. The property, which will join the JdV by Hyatt brand, is expected to appeal to th...
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• The Korda Group Closes $28 Mil Office Buy in Pomona
In a recent Pomona office trade, The Korda Group, an L.A.-based family-owned developer, paid $28.05 mil ($291/sf) for 901 Corporate, a 96.4k sf, Class A office building. It was sold by Foremost Corporate, a SoCal-based real e...
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• Principal Real Estate Investors Buys 32k sf Medical Office Building in North Hollywood
Principal Real Estate Investors has purchased a 32.4k sf, medical office building in North Hollywood. The property, located at 4343 Lankershim Blvd, was sold by GPI Companies. 4343 Lankershim is a three-story medical office ...
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