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• Rexford Industrial Realty Pays $75 Mil for Torrance Industrial Facility
1/18/22
Rexford Industrial Realty Inc paid $75.3 mil for a 307.5k sf, fully leased, multi-tenant industrial property in Torrance. The property, located at 4240 W.190th St, was sold by ZKS Real Estate Partners LLC.
The building sits ...
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• Positive Investments Pays $248/Unit for 274-Unit El Monte Res Portfolio
1/17/22
Positive Investments paid $68 mil for a three-property multifamily portfolio located in the San Gabriel Valley totaling 274 units ($248k/unit). The properties were sold by The Hunsaker Family.
The portfolio, located at 4405 ...
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• Miso Robotics Leases 32k sf in Pasadena
1/17/22
Miso Robotics, a developer of artificial intelligence-driven robots that assist chefs in food preparation, leased 32.6k sf of office and lab space at in Pasadena. Terms of the deal were not disclosed.
The space is in two bui...
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• The Bascom Group Acquires 140 Res Units in the San Fernando Valley
1/14/22
The Bascom Group LLC has acquired a two-property, 140-unit multifamily portfolio located in the San Fernando Valley community of Northridge for $52.5 mil ($375k/unit). The properties, NMS Northridge and NMS Superior, boast la...
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• Harbor Group International LLC and Azure Partners LLC Team Up in Acquisition of 480-Unit Res Community in Santa Clarita
1/14/22
Jefferson Vista Canyon, a 480-unit, Class A multifamily community in Santa Clarita, was acquired by a joint venture between Harbor Group International LLC and Azure Partners LLC. Although we don’t have the purchase price, we ...
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• Pine Tree Spends $64 Mil on Glendale Retail Center
1/13/22
Chicago-based Pine Tree has purchased Glendale Marketplace, a 154k sf, urban retail center in Glrendale, for $64.1 mil ($416/sf). The property, situated on 2.2 acres at 106-146 S. Brand Blvd, was sold by EB Arrow.
Glendale M...
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• GI Partners Secures $389 Mil Refi on Downtown L.A. Data Center/Office Tower
1/11/22
GI Partners recently obtained a $389.25 mil refi loan on One Wilshire, a 661.6k sf, multi-tenant, critical technology asset comprising a tier 3+-equivalent data center and office space in downtown Los Angeles. The internation...
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• Rexford Industrial Realty Buys 64k sf Food Processing Facility in City of Industry
1/10/22
Rexford Industrial Realty paid $10.7 mil for a 64.3k sf ($166/sf), fully leased industrial food processing and manufacturing facility in the City of Industry. The asset, situated on 3.86 acres at 15430 Proctor Ave, was sold b...
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• Industrial Rental Rates in Los Angeles Continue to Spike as Availabilities Diminish
1/10/22
Los Angeles Industrial CRE Market Update – 4th Qtr. 2021
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Direct vacancies decreased in the fourth quarter to conclude at 1.1%.
• Direct a...
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• Santa Monica Whole Foods Property Sells for Over $54 Mil
1/10/22
A 29.1k sf, single-tenant property occupied by Whole Foods in Santa Monica sold for $54.25 mil ($1,864/sf). The building, NNN-leased to Whole Foods on a long-term basis, was purchased by Deka Immobilien for its open-ended rea...
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• Longpoint Realty Partners Buys 30k sf Logistics Facility in the San Fernando Valley
1/07/22
Longpoint Realty Partners paid $11.25 mil for a 30.6k sf ($367/sf) logistics facility in the central San Fernando Valley community of Van Nuys. The property offers exceptional last-mile and e-commerce functionality that will ...
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• West Covina Multifamily Sale Tops $80 Mil
1/06/22
A 200-unit apartment property in West Covina traded hands in an $80.4 mil ($402k/unit) transaction. The buyer was Los Angeles-based apartment investor Ron Nasch.
The property, located at 1231 W Francisquito Ave, had recently...
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• Rexford Industrial Realty Rings in the New Year with $270 Mil of End-of-Year Purchases
1/05/22
Rexford Industrial Realty closed out 2021 with the acquisition of eight industrial properties for an aggregate purchase price of $270 mil. The acquisitions were funded using cash on hand and proceeds from forward equity settl...
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• Tishman Speyer Acquires Over Three Acres in Downtown Santa Monica for Development of Over 600 Res Units along with Retail Space
1/04/22
Tishman Speyer has completed the acquisition of the Santa Monica Collection, a portfolio consisting of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The company plans to develop 620 Class A apartme...
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• One Santa Fe in L.A.’s Arts District Signs Four Commercial Tenants
1/03/22
Four new tenants inked deals in 2021 for retail space at One Santa Fe, Berkshire Residential Investments’ Downtown Los Angeles mixed-use destination with 438 apartments and 81k sf of ground floor commercial space. Men’s groom...
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• Trio of Recent Sales Point to a Strong Industrial Market in Santa Clarita
1/03/22
We’ve got three industrial space sales in Santa Clarita totaling about $8.65 mil in Santa Clarita to report.
In the largest deal, a 23.6k sf property at 24907 Anza Drive traded for $5.2 mil, or $220/sf. Matt Dierckman, David...
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• Fairfield Spends $583k per Unit for Multifamily Property in L.A.’s Hancock Park Neighborhood
12/29/21
Fairfield closed on a very notable year-end multifamily buy in Los Angeles’ Hancock Park neighborhood, paying $60.1 mil for Broadstone Candara at Hancock Park, a 103-unit asset. The transaction works out to $583.5k per unit.
...
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• LaTerra Buys 42-Unit Multifamily Property in West Hollywood
12/28/21
LaTerra has purchased Terraces at La Cienega, a 42-unit apartment property located just steps from the world-famous Sunset Strip in West Hollywood. The price was not given out.
The property was sold by the original builder o...
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• New 65-Unit Res Project in L.A.’s Silverlake Area is Fully Leased at Project Completion
12/21/21
The Ridge, a new 65-unit multifamily in Los Angeles’ Silverlake neighborhood, has been completed and is 100% leased up. The indoor/outdoor-inspired multifamily property, located at 3160 Riverside Dr, adjacent to Griffith Park...
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• Hong Kong Buyer Pays $427/sf for San Gabriel Retail Property
12/20/21
A 25.5k sf, three-tenant, grocery-anchored retail center in San Gabriel traded in a $10.9 mil ($427/sf) transaction. The fully occupied asset is located at 7260 Rosemead Blvd.
The center is anchored by Grocery Outlet, which ...
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