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February 21, 2024
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• Pacific Clinics Leases 18k sf of Office Space in South Pasadena
Pacific Clinics inked a lease for 18.4k sf of office space in South Pasadena. The property, located at 625 Fair Oaks, on the south side of the 110 Fwy, is owned by Greenbridge. Situated within L.A.'s Tri-Cities office submar...
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• L.A. County's Retail Market Struggles to Rebound in Q2 2023
This report was provided by commercial real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2, the changing economy caused a slowdown in L.A. County's retail market. Landlords with non-prime retail space exp...
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• San Fernando Valley Industrial Building Purchased for $289/sf
A 37k sf industrial building in the western San Fernando Valley community of Chatsworth traded for $10.7 mil ($289/sf). The property, located at 9223 Deering Ave, was previously home to a database management company. Locat...
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• Harbor Associates Buys Office Park in Valencia
In an investment deal in north L.A. County, Harbor Associates acquired The Commons of Valencia, a two-building, 156k sf Class A office park in Valencia. The asset, situated on just under nine acres at 25152 and 25124 Springfi...
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• New Affordable Housing Project in L.A.’s Westlake North Area Lands $11.75 Mil in Permanent Financing
West Hollywood Community Housing Corporation has obtained $11.75 mil in forward permanent financing for Third Thyme, a 104-unit, affordable multi-housing community in Los Angeles. Third Thyme is situated on a 14.9k sf lot at ...
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• Second Phase of Altadena Senior Living Facility Gets Started
Construction has begun on the second and final phase of Episcopal Communities & Services’ MonteCedro senior living community in Altadena. Totaling approximately 101.9k sf, the additional construction to MonteCedro Senior Livi...
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• Cintas Uniform Rental Leases 37k sf Pico Rivera Industrial Property
Cintas Uniform Rental inked a 10-year lease for a 37k sf, industrial outdoor storage property in Pico Rivera. The property, located at 7748 Industry Ave, includes a 10.2k sf warehouse. Cintas, which also operates out of a di...
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• Work Gets Started on New Hilton Hotel in Arcadia
Construction is underway on Hilton’s latest hotel in Arcadia, a 173-room facility located at 123 W. Huntington Dr, near the 210 Fwy. The project is a development of VG Properties and is being built by R.D. Olson Construction....
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• American Plus Bank Spends $5.4 Mil on Arcadia Office Assets
American Plus Bank acquired two office/flex buildings totaling 11.8k sf and an adjacent lot in Arcadia in a recent $5.38 mil transaction. The two buildings are located at 128 and 130 E. Huntington Dr, while the lot is located...
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• Bridge Logistics Properties Pays $6.5 Mil for Wilmington Container Yard
A 38k sf truck and container yard in Wilmington sold for $6.55 mil ($172/sf). The property, located at 336 E. D St near the Port of Los Angeles, was purchased by Bridge Logistics Properties (BLP). The site, which includes a ...
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• San Fernando Valley Apartment building Goes for $450k/Unit
In a recent apartment sales comp from the San Fernando Valley, an eight-unit property in Sherman Oaks sold for $3.6 mil, or $450k/unit. We’re told this deal marks a record-high price-per-unit for a rent-controlled apartment b...
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• Swing Set Productions Takes Long Beach Creative Office Space
Swing Set Productions inked a 10-year, $5 mil lease for a 10.8k sf, creative office space in Long Beach. The space is located in Airway Office Park at 3816 Stineman Ct, north of the 405 Fwy and west of Lakewood Blvd. Swing S...
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• Goodman North America Acquires Desirable 29-Acre Industrial Property in the City of Vernon
Goodman North America has acquired a 29-acre industrial infill site in the city of Vernon, a coveted, mid-cities location for industrial real estate in the L.A. Currently, the property comprises one of Southern California's l...
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• CapRock Partners Picks Up Three-Acre Industrial Outdoor Property in Pico Rivera
CapRock Partners acquired Olive Tree Industrial, a 3.1-acre value-add industrial outdoor storage (IOS) property in Pico Rivera. The property includes approximately 31k sf of warehouse space and a large, secured storage yard—a...
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• Phase One Work completed at 688k sf Mixed-User in L.A.’s Koreatown Neighborhood
Phase One work has been completed at The Rise Koreatown, a 688k sf, seven-story mixed-use residential and retail project located at 3525 W 8th St, in the heart of L.A.’s Koreatown neighborhood. Phase one completion concludes ...
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• Prime Residential Lands $947 Mil Refi on L.A.’s Park La Brea Res Complex
Prime Residential has secured a $947 mil refi loan on Los Angeles’ historic Park La Brea, the largest apartment community on the West Coast. The financing, arranged by Newmark, is to retire existing debt. Freddie Mac expects...
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• Hawthorne Redevelopment Sells for $21 Mil
Intracorp Homes paid $21 mil for a 3.82-acre redevelopment site in Torrance. The company plans on redeveloping the site, located at 22501 Hawthorne Blvd, into a luxury mixed-use project to include 17 affordable residential un...
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• Prologis Buys L.A. Area Infill Dev Site
Prologis purchased a 1.43-acre infill industrial site in Lynwood, CA. Located at 11511 Bellinger St, the property includes an unoccupied 34.4k sf industrial facility that was built in 1930. The site supports potential various...
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• Res/Retail Building in Rose Park Neighborhood of Long Beach Trades for $225k/Unit
A 10-unit apartment/retail property in the Rose Park Neighborhood of Long Beach traded hands in a recent deal for $2.25 mil. The property is located at 3032 E. 7th St, just west of Redondo Ave. Built in 1962, the property i...
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• Century City Office Property Reaches 100% Leased
New lease signings with a multinational law firm, CBRE, and Tilt Coffee Bar have brought the iconic 2000 Avenue of the Stars office property in Century City to 100% leased. 2000 Avenue of the Stars is part of the Century Park...
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