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• Premier Workspaces Opens New Location in L.A.’s Brentwood Glen Area
9/16/24
Irvine-based Premier Workspaces has opened a new location in West Los Angeles. The site is at the Pixl Building, located at 500 South Sepulveda Blvd, within the Brentwood Glen area near the 405 Fwy, Sunset Blvd, and Wilshire ...
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• Vernon Industrial Property Sells for Over $61 Mil
9/11/24
A 7.05-acre industrial redevelopment site in Vernon traded hands in a $61.5 mil transaction. The property, which currently houses a 368.5k sf, five-story building, is located at 1925 and 1936 E. Vernon Ave.
The property is l...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Koto Estates Co LTD, an investor from Japan, recently closed on a 121-unit multifamily acquisition in Los Angeles’ South Bay region. The company purchased The Highlands, located at 25935 Rolling Hills Rd in Torrance, for $71....
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• La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
LaTerra Development has obtained $18.2 mil in construction financing for the development of Raymer Self Storage, a fully entitled, 65.2k sf, self-storage facility in the central San Fernando Valley community of Van Nuys. JLL ...
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• Two San Gabriel Multifamily Properties Sell in Separate Deals Totaling Over $6 Mil
9/09/24
Two multifamily communities totaling 18 units in the San Gabriel Valley recently traded hands in deals worth just over $6 mil. The properties are located in Azusa and Arcadia.
In one of the deals, a 10-unit property at 1205 ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
...
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• Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group closed on a very notable acquisition in Beverly Hills, paying $39.2 mil for the North Beverly Drive Retail Collection, comprised of two buildings totaling 11.1k sf in Beverly Hills. The deal works out to an imp...
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• Stylish Interior Design Installation Completed at Res Community in L.A.’s Filipinotown
8/27/24
Nadia Geller Designs (NGD) has completed the interior design installation at Belle on Bev, a mixed-use multifamily community owned and managed by developer Cityview in Los Angeles’ culturally rich Historic Filipinotown (HiFi)...
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• Sharp Capital Spends $10 Mil on Pasadena Office Asset
8/23/24
Sharp Capital purchased a 77.5k sf office building in Pasadena in a recent $ 10 mil transaction, The property, located at 299 N Euclid Ave, traded for $129/sf.
The building is currently 95% occupied by a diverse tenant base...
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• Bellflower Apartment Building Sells for $250k/Unit
8/22/24
In a recent LA-area multifamily sales comp, an eight-unit property in Bellflower traded for $2 mil, or $250k per unit. The buyer was a private 1031 exchange buyer from Newport Beach.
Located at 9108 Palm St, the 7.6k sf res...
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• Three Multifamily Properties in East Los Angeles Fetch a Combined $3.2 Mil
8/21/24
A three-property, nine-unit multifamily portfolio located in the East Los Angeles and neighboring Boyle Heights areas of L.A. traded for $3.2 mil, or $355.6k/unit, in sales to three buyers. The deals closed at a combined cap ...
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• Ednovate Leases 42k sf Property Near Downtown L.A.
8/20/24
Ednovate has leased a 42.1k sf property at 533 Glendale Blvd, adjacent to the 101 Fwy and just west of the 110 Fwy near downtown Los Angeles. Ednovate is a network of free public college preparatory high schools in Southern C...
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• New Creative Office Development in Culver City Lands $21 Mil in Take-Out Money
8/15/24
A new construction, two-building creative office complex in Culver City has been refinanced with a $21.4 mil take-out loan. The 35k sf, Class A project, located at 3520-3524 and 3512-3516 Schaefer St, south of Washington Blvd...
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• Los Angeles Industrial Asset Sells for $233/sf
8/14/24
A 60.5k sf industrial building in Los Angeles traded hands for $14.1 mil, or $233/sf. The asset is located at 200-202 W. 140th St, east of the 110 Fwy and north of Rosecrans Ave.
The property offers convenient access to the ...
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• Reliable Properties Buys Barnsdall Square Retail Center in L.A.’s Los Feliz Area
8/13/24
Reliable Properties has purchased Barnsdall Square, a highly sought-after, 92k sf grocery/drug-anchored retail center in L.A.’s Los Feliz neighborhood. The transaction includes the acquisition of the 2.86-acre parcel at 1625 ...
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• Dunbar Real Estate Investment Management Spends $10 Mil on Carson Industrial Asset
8/13/24
In a recent LA-area industrial buy, Dunbar Real Estate Investment Management purchased two concrete tilt-up buildings totaling 41.9k sf on almost two acres of land in Carson for $10.2 mil, or $243/sf. The asset is located at ...
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• Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Mattel, the multinational toy manufacturing and entertainment company based in El Segundo, has purchased Grand + Nash, a newly renovated 167.8k sf creative office campus at 2160 E. Grand Ave, also in El Segundo. The asset, wh...
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• Alicia Bramble, James Daughrity and Odest Riley Jr. Launch CRE Firm Focusing on Local Communities in Need
8/07/24
SoCal Premier Property Management, a newly formed, 100% minority-owned commercial real estate firm, offers full services and protection to property owners and tenants across Southern California. The new firm was founded by an...
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• San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 mil ($303k/unit) deal. Built in 1978 and on the market for the first time, Pinetree ...
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