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• L.A. Area Investors Trade Santa Monica Apartment Property in $5.5 Mil Deal
3/21/22
A 10-unit apartment property in Santa Monica sold for $5.5 mil, or $550k/unit. The property is located at 911 Lincoln Blvd, just south of Montana Ave in the city’s desirable North of Wilshire neighborhood.
Built in 1958, the...
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• LA North Studios Leases New 113k sf Facility in Valencia
3/17/22
LA North Studios inked a lease for 113.4k sf of space at the recently-constructed IAC Commerce Center in Valencia.
LA North Studios is a full-service film studio providing sound stages, studios and production services to maj...
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• Harbor Associates and Gemdale USA Buy 114k sf Office Asset in Agoura Hills
3/17/22
Harbor Associates and Gemdale USA have acquired Agoura Hills Business Park, a 114k sf office campus located in the Los Angeles submarket of Agoura Hills, in a $29.7 mil ($260.5k/sf) off-market transaction
The acquisition rep...
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• Six Peak Capital Lands $53.7 Mil in Financing on L.A. Multifamily Portfolio
3/17/22
George Smith Partners has arranged $53.7 mil in non-recourse bridge financing for a six-property portfolio comprising three conventional multifamily properties and three co-living properties in Los Angeles. The financing was ...
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• Fulgent Genetics Buys 6.6k sf Warehouse in El Monte
3/16/22
Fulgent Genetics Inc paid $4.35 mil for a 6.6k sf ($657/sf) warehouse property in El Monte. Built in 1971, the facility is located at 4373 Santa Anita Ave.
Strategically located next to the San Gabriel Valley Airport and mi...
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• San Gabriel Valley Multifamily Property Trades for $14 Mil
3/16/22
Merri Manor Deluxe Apartments, a 37-unit complex in San Gabriel, sold for $14 mil ($378.4k/unit) in an all-cash deal. The asset was purchased by The Stanley A Sirott Trust, an active local investor with substantial multifamil...
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• Retail Asset in L.A.’s East Hollywood Area Trades for Over $700/sf
3/15/22
The Gershwin Lofts Retail @ Hollywood, a 42.9k sf, urban retail center in Los Angeles, was acquired by Hollywood Holdings, an LA-based private family investment entity, for $30.4 mil ($709/sf).
Located at 5501-5521 Hollywoo...
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• Greenlaw Partners Buys 21-Acre Industrial Site in West Covina
3/14/22
Greenlaw Partners purchased a 177.4k sf industrial building on a 21-acre site in West Covina. The price was not disclosed.
The property, located at 1211 E. Badillo St, was previously an industrial building and subsequently u...
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• Long Beach Industrial Development Site Fetches $50 Mil
3/11/22
A 14.19-acre industrial development site in Long Beach traded for $50.7 mil. The seller was Plains All American Pipeline, a publicly traded owner and operator of energy infrastructure that provides logistics services for cru...
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• Commercial Real Estate Financing Briefs
3/10/22
GORTIKOV CAPITAL - Bryan Gortikov with Gortikov Capital arranged a $50.25 mil recapitalization of Luxe Villas, a 59-unit, mid-rise Class A multifamily building located in Brentwood, on behalf of WS Communities LLC. The recap...
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• Reliable Properties Pays Over $44 Mil for Retail Asset in Los Angeles
3/10/22
Reliable Properties has acquired Washington Plaza, a 136.9k sf, grocery-anchored shopping center located on an entire city block in Downtown Los Angeles, for $44.75 mil ($327/sf). The property was sold by SoCal-based Eagles N...
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• Santa Fe Springs Industrial Property Goes for $300/sf
3/09/22
A 12.6k sf manufacturing facility in Santa Fe Springs sold for $3.75 mil, or $299/sf. Built in 1980, the single-tenant warehouse sits on a 28.4k sf lof at 15405 Cornet Ave.
The property features a secured, fenced yard, concr...
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• Pacific Expressway Leases 111k sf Compton Industrial Facility
3/09/22
Pacific Expressway Inc, a family owned and operated trucking company, has leased a 111k sf, cross-dock/distribution facility in Compton. Owned by PGIM Real Estate, the freestanding building is located at 220 W. Victoria St in...
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• Pacific Western Bank Inks Lease at Wilshire Grand Center in DTLA
3/08/22
Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp, has signed a long-term lease for 8k sf at Wilshire Grand Center in Downtown Los Angeles. Pacific Western’s office space is on the 26th floor of the office to...
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• San Francisco Investor Buys 13-Unit Long Beach Apartment Property
3/08/22
A 13-unit apartment property in the Eastside market of Long Beach sold for $4.375 mil, or $336k per unit. The property, located at 907-927 Grand Ave, closed at a cap rate of 4.3%.
Built in 1923 and 1963, 907-927 Grand Avenue...
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• Majestic Realty’s Ed Roski to be Inducted into NAIOP SoCal’s Hall of Fame
3/07/22
Emmy-Award Winning Actress Laura Wright will host the first-ever NAIOP SoCal Awards Gala on May 12. NAIOP SoCal, a leading organization for the commercial real estate industry in Southern California, will celebrate the best o...
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• Los Angeles Multifamily Market Sees Lowest Vacancy Rate in Two Decades
3/04/22
This report provided by Marcus & Millichap
Robust leasing velocity widespread for a second consecutive year. Los Angeles County rentersabsorbed more than 30,000 units last year, slashing apartment vacancy to a 20-year low. C...
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• Temple City Industrial Facility Sells for $215/sf
3/04/22
A 64.1k sf asset situated on 2.64 acres of land in the Los Angeles County submarket of Temple City sold for $13.78 mil, or $215/sf. The property features freestanding, secured yards, 21-foot minimum clear height, seven roll-u...
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• High-End Beverly Hills Retail Parcel Lands $38 Mil in Financing
3/04/22
An unnamed family real estate investment entity has obtained $38 mil in financing for the fee simple interest in a parcel located at the prominent corner of Rodeo Drive and Brighton Way in the heart of the Beverly Hills luxur...
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• Cityview and Stockbridge Buy Res Development Site in Hawthorne
3/03/22
A joint venture between Cityview and Stockbridge purchased Millennium Gardena, a fully entitled development site slated for 262 multifamily units in Hawthorne. The property, located at 12850 Crenshaw Blvd, was sold by The Din...
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