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July 12, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Storage Facility in North L.A. County Trades
5/04/21
Santa Clarita Storage, a Class A, 105.7k sf institutional quality self-storage property in Santa Clarita, was acquired by a privately held alternative investment firm in a joint venture with Andover Properties. The buyer pla...
more » 

• Local Investors Trade Long Beach Apartment Property in $2.3 Mil Transaction
5/04/21
A local private investor paid $2.32 mil for an eight-unit ($290k/unit) apartment property in Long Beach. The property is located at 3011 E. 4th St, in the heart of the city’s 4th Street / Retro Row submarket. Built in 1963, ...
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• Santa Monica Multifamily Complex Sells for $564k per Unit
5/03/21
Black Equities Group has acquired Citrus Suites Apartments, a 70-unit, two-building apartment complex situated just one parcel from the beach in Santa Monica. The property, located at 1915 Ocean Way, at Pico Blvd directly acr...
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• Larger Office Blocks in L.A. Less Impacted by the Market Slowdown
4/30/21
This update was provided by CBRE While the COVID-19 pandemic and remote working have led to a deterioration in regional office market fundamentals, large footprint space has seen substantially less impact. As of Q1 2021, the...
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• West Hollywood Multifamily Property Sells for Over $600k per Unit
4/30/21
Via at Sunset Plaza, a 23-unit multifamily community in West Hollywood, sold for $14 mil, which works out to about $609k per unit. Built in 1958, the property has been partially renovated during the last two years with finish...
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• Pomona Industrial Property Gets New Owner in $6.8 Mil Deal
4/30/21
A 66.2k sf, multi-tenant industrial business park investment in Pomona was purchased for $6.75 mil ($102/sf) by a private investor. The property is located at 224-236 E Monterrey Ave and 201-225 N Palomares St, within the Eas...
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• GR Properties USA Starts Work on 139-Unit Res Property Across from Sony Pictures in Culver City
4/29/21
GR Properties USA Inc has obtained $58 mil in financing for a seven-story, mixed-use development across from Sony Pictures Studios in Culver City. The financing, arranged by George Smith Partners (GSP), consists of $42 mil in...
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• Quixote Studios Leases Industrial Building in the San Fernando Valley
4/28/21
Quixote Studios inked a lease for a 124k sf, high-image industrial building in the northeastern San Fernando Valley community of Pacoima. The property, located at 12154 Montague St, just west of Glenoaks Blvd, is owned by Rex...
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• Local Investors Trade Gardena Multifamily Property in $15.5 Mil Deal
4/28/21
Galaxy Apartments, a 95-unit multifamily property in Gardena, was acquired by a local L.A.-area investor for $15.525 mil ($163.4k/unit). The property, located at 835 W. Rosecrans Ave, just east of Vermont Ave, was sold by ano...
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• Glendale Multifamily Community Trades in $300 Mil Transaction
4/27/21
Altana, a 507-unit luxury multifamily community in Glendale, was purchased for $300 mil by Waterford Property Company in partnership with the California Statewide Communities Development Authority (CSCDA). The property, loc...
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• Adjacent Industrial Buildings in Unincorporated L.A. Generate $13 Mil
4/27/21
Shubin Nadal Realty Investors recently sold two adjacent industrial properties in L.A.’s South Bay area in separate transactions that totaled more than $13 mil. In one of the deals, a 30.1k sf industrial building located at 1...
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• Two San Fernando Valley Multifamily Sales Total over $16 Mil
4/27/21
We’ve got two multifamily property sales to report from the San Fernando Valley. The properties, sold in separate transactions that totaled $16.15 mil, have a combined 55 units. One of the properties that sold is Buena Vent...
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• Local Investor Pays $252/sf for Warner Center Office Property
4/27/21
Warner Center Business Park, a 53.2k sf, multi-tenant office property in Woodland Hills, sold to a private local investor for $13.4 mil ($252/sf). Originally built in 1977, the two-story building sits on a 2.94-acre site at...
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• Birtcher Anderson & Davis LLC and Belay Investment Group Spend $44.5 Mil on Seven Properties in Southern California
4/23/21
A venture between San Juan Capistrano-based Birtcher Anderson & Davis LLC and Belay Investment Group has recently closed on a $44.5 mil purchase of seven properties in greater Los Angeles and the Inland Empire. The acquisit...
more » 

• Long Beach Apartment Comp Works out to $239k per Unit
4/23/21
A 28-unit multifamily property in Long Beach sold for $6.7 mil, or $239k per unit. The asset consists of two buildings are located on two separate parcels at 201-209 E. 12th Street within the historic Willmore City District, ...
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• Work Gets Underway on 117-Unit Senior Living Community in the San Gabriel Valley
4/22/21
Clearwater Living has broken ground on Vistas at Glendora, a 117-unit assisted living and memory care facility in the San Gabriel Valley. The project, being built by R.D. Olson Construction, is expected to be completed in fal...
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• Atlas Capital Group Begins Redevelopment Work on Pasadena Office Property
4/16/21
Atlas Capital Group LLC has started work on the redevelopment of a five-story, 320k sf Class A office building in Pasadena. The project, located at 101 South Marengo Ave, is scheduled for completion in the first quarter of 2...
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• Company 3 Takes 70k sf at Hudson Pacific Properties’ Harlow Office Building
4/15/21
Global post-production firm Company 3 has signed an 11-year lease for 70.3k sf of space at Harlow, Hudson Pacific Properties’ recently completed Class A office development at Sunset Las Palmas Studios in Hollywood. The lease ...
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• Owner/User Picks Up 24k sf Facility in Valencia
4/13/21
Tera McHugh and John McHugh, owners of Versatile Systems Inc, closed on the acquisition of a 24.2k sf industrial facility in Valencia. Versatile Systems is a Valencia-based company specializing in the design, manufacturing an...
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• Valencia Office Building Purchased for $250/sf by Exchange Investor
4/09/21
A two-story, 23.8k sf office building in Valencia recently sold for $6 mil, or $252/sf. The building, located at 25050 Avenue Kearny, just south of the confluence of Newhall Ranch Rd and Rye Canyon Rd, was acquired by A. Gold...
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