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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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• Michele Vives Named President of Douglas Wilson Companies
12/17/21
Michele Vives has been promoted to president of Douglas Wilson Companies (DWC), succeeding Douglas Wilson, who continues as CEO and chairman of the board. DWC is a real estate development, receivership and advisory firm that ...
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• Pomona Multifamily Property Purchased for $130 Mil
12/16/21
Monterey Station, a 349-unit apartment complex in Pomona, was purchased by Standard Communities and Faring, a leading national investor and developer of affordable and workforce housing, for $130 mil ($372.5k/unit). The commu...
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• Long Beach Apartment Sale Closes at $306k per Unit
12/15/21
An eight-unit apartment property located at 26 Belmont in the Belmont Shore area of Long Beach traded for $2.45 mil, or $306k per unit. The buyer was a Los Angeles-based private investor.
Built in 1953, the two-story propert...
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• Waterford Property Company and California Statewide Community Development Authority Spend $280 Mil on 480-Unit Pasadena Res Property
12/10/21
Waterford Property Company, in partnership with the California Statewide Community Development Authority (CSCDA), has acquired Westgate Apartments, a 480-unit multifamily property in Pasadena, for $280 mil ($583.3k/unit). The...
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