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• Baldwin Park Property Portfolio Fetches $12.3 Mil
3/07/24
In Baldwin Park, an eight-building portfolio totaling 46.8k sf of space across 3.63 acres fetched $12.33 mil ($263/sf). The properties traded in five separate transactions:
• 5124 and 5130 Heintz St - totaling 17.6k sf on 41...
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• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
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• New Labor Law, Rising T.I. Costs and More – JLL Pros Comment on Retail in Los Angeles
3/04/24
Real estate services firm JLL recently released two retail reports – one on the overall retail outlook and the other a grocery report. Below is a Los Angeles-centric perspective on both topics provided by three of the firm’s...
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• Vernon Facility Purchased by Owner/User in $13.75 Mil Transaction
3/01/24
A 40.1k sf industrial property in the city of Vernon was acquired for $13.75 mil ($342/sf) by Privy, an apparel wholesaler. The firm plans to use the property as its expanded headquarters.
The property is located at 2640 E. ...
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• Apartment Building in L.A.’s Melrose Area Goes for $330k/Unit
2/29/24
A 10-unit apartment property in Los Angeles’ Melrose area sold for $3.3 mil, or $330k/unit. Built in 1965, the property is located at 812 N Martel Ave, a block north of Melrose Ave between Fairfax and La Brea Aves.
The value...
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• San Fernando Valley Apartment Building Trades for $156k/Unit
2/28/24
A 20-unit apartment property in the eastern San Fernando Valley community of Panorama City sold for $3.115 mil ($156k/unit). Built in 1958, the property is located at 14735 Blythe St, west of Van Nuys Blvd and south of Roscoe...
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• EverBank Leases former Chase Bank Building in Encino
2/28/24
EverBank inked a 10-year lease for a 3.7k sf retail bank space in Encino. Situated on a prominent corner at 15903 Ventura Blvd, the former Chase bank location is a freestanding retail building on a 7k sf lot.
Offering high ...
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• Private Investor Picks Up Two Industrial Properties in the San Fernando Valley for Over $30 Mil
2/27/24
Palatine Capital Partners acquired two large multi-tenant industrial parks totaling 183.6k sf in the eastern San Fernando Valley in a $30.6 mil ($167/sf) transaction.
The purchase includes:
• 820 Thompson Ave in Glendale —...
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• Culver City Office Building Acquired by Owner/User
2/26/24
A vacant 27.1k sf office building located in Culver City was acquired by an unnamed owner/user in a recent transaction. The property is located at 5995 Sepulveda Blvd, just south of the 90 Fwy and adjacent to the east side of...
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• Long Beach Multifamily Property Fetches $337k/Unit
2/22/24
An eight-unit multifamily property in Long Beach sold for $2.7 mil ($337.5k/unit) in the asset’s first trade since it was built nearly 40 years ago. Built in 1985, the 8.4k sf apartment building is located on a 6k sf lot at 2...
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• Bolour Associates Buys Neighborhood Retail Center in L.A.’s Mid-City Area
2/22/24
Bolour Associates Inc has acquired a 7.5k sf neighborhood retail strip center in Los Angeles for $4.45 mil ($593/sf). The center is located at 5151 W. Pico Blvd, within the Mid-City submarket, just east of Fairfax Ave.
The p...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
2/19/24
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil.
Built in 2022, the property is located at 5501-5513 Laur...
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• Iconic Theater Property in L.A.’s Westwood Village Trades
2/16/24
Here’s news of an interesting property trade we wanted to share, even though we don’t have that much info, although we do have this cool drone pic. The property is the iconic Fox Village Theatre, located at 945 Broxton Ave an...
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• Apartment Property in L.A.’s Koreatown Trades for $200k/Unit
2/14/24
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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• Gaming Firm Com2uS Inks Deal for Hollywood Office Space
2/13/24
In Hollywood, Com2uS agreed to a long-term lease for 12k sf of office space at Kilroy Realty’s Sunset Media Center, an innovative vertical office campus located at 6255 West Sunset Blvd. The company, a mobile gaming firm, wil...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
2/12/24
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Commercial Real Estate Financing Briefs
2/08/24
GEORGE SMITH PARTNERS – Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
2/07/24
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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