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• Parkview Financial Spends $19 Mil on 24k sf Office Building in L.A.’s Brentwood Neighborhood
4/05/22
Parkview Financial has acquired a three-story, 24.3k sf multi-tenant office building in the Brentwood neighborhood of West Los Angeles for $19 mil ($782/sf). Parkview intends to occupy the entire second floor of the building,...
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• Penwood Real Estate Investment Management Buys 13-Acre Ind Site in the City of Commerce
4/05/22
Penwood Real Estate Investment Management LLC acquired a 13-acre site containing a 230k sf industrial building with cold storage, food processing and distribution improvements in the City of Commerce. The property was sold by...
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• Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
4/04/22
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa.
Situated on a 1.2-acre site adjacent to th...
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• Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
4/04/22
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...
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• Rent-Control Apartment Property in L.A. Goes for $333k / Unit
4/01/22
A 24-unit rent control apartment property in Los Angeles traded hands in a recent transaction worth $8 mil, or $333k per unit. The property is located at 1820 El Cerrito Place, on a tree-lined residential street just north o...
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• Staley Point Capital and Bain Capital Real Estate Pick Up 315k sf of Industrial Properties in Santa Fe Springs and Anaheim
4/01/22
Staley Point Capital and Bain Capital Real Estate have partnered in the acquisition of two SoCal industrial properties totaling about 315k sf of space. The purchases, in Santa Fe Springs and Buena Park, were financed with $70...
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• Glendale Multifamily Community Acquired for $80 Mil by a Public-Private Partnership Between CSCDA and BLVD
3/31/22
Towne at Glendale, a 126-unit multifamily community in Glendale, was acquired by a public-private partnership of CSCDA Community Improvement Authority (CSCDA) and BLVD Impact Housing (BLVD), for $79.7 mil ($630k/unit). The pr...
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• Rexford Industrial Realty Buys 43k sf Office Asset in Chatsworth
3/31/22
Rexford Industrial Realty purchased a 43.5k sf, single tenant office building located at 19900 Plummer St in Chatsworth for $15 mil ($345/sf). The property was sold by Korda Group in an off-market transaction.
The building s...
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• New L.A. Chargers HQ and Training Facility Development Lands $276 Mil in Financing
3/30/22
In a big SoCal financing deal, a partnership comprised of Continental Development Corporation and Mar Ventures Inc has obtained $276 mil of construction and permanent financing for a new corporate headquarters and training fa...
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• 160-Bed West L.A. Student Housing Community Trades
3/30/22
An LA area-based company purchased Studio 11024, a contemporary, 160-bed, 31-unit student housing community serving UCLA in L.A.’s exclusive Westwood neighborhood.
Built in 2015, Studio 11024 is located two blocks from both ...
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• NewMark Merrill’s Sandy Sigal Honored by California Business Properties Association
3/28/22
Sandy Sigal, President and CEO of NewMark Merrill Companies, was honored by California Business Properties Association (CBPA) with the Ernest W. Hahn Award during its Awards Dinner on March 24. NewMark Merrill is a Woodland ...
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• 35-Story Shoreline Gateway Opens Its Doors in Long Beach
3/25/22
Shoreline Gateway, a new 35-story, mixed-use luxury apartment complex in Downtown Long Beach, has officially opened to the public. The project is a development of Ledcor Properties Inc and Anderson Pacific LLC, with their par...
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• Rexford Industrial Realty Spends $28 mil on Industrial Asset Just South of Downtown LA
3/24/22
Rexford Industrial Realty purchased a two-building, Class A industrial property totaling 53.7k sf of space in central Los Angeles for $28 mil ($521/sf). The buildings were sold by a private family real estate investment trust...
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• Alhambra Restaurant Property Goes for $800/sf
3/23/22
A family trust paid $3.525 mil for a 4.4k sf ($810/sf) restaurant building in Alhambra. The property is located at 201 W. Main St, in the West San Gabriel Valley.
Built in 1964, the free-standing restaurant is situated in t...
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• Upscale Redondo Beach Multifamily Community Fetches Over $700k/Unit
3/23/22
A Los Angeles-based private investor purchased Elements 616, a 105-unit luxury multifamily complex in Redondo Beach, for $74.5 mil ($709.5k/unit). Located at 616 Esplanade, just steps from the beach, Elements 616 sits on 1.2...
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• Rexford Industrial Realty Buys 123k sf Long Beach Business Park
3/22/22
Long Beach Business Park, a 123.5k sf, multi-tenant industrial business park in Long Beach, was purchased by Rexford Industrial Realty in a $24 mil ($194/sf) transaction.
The property is located on West Anaheim St, adjacen...
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• California Landmark Group Locks in $84.75 Mil Refi on Two High-End L.A. Apartment Communities
3/22/22
California Landmark Group has recapitalized two luxury apartment properties in Los Angeles in an $84.75 mil refi deal originated by Mesa West Capital. The refi was secured by two residential communities, the “HW” by CLG, a 79...
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• L.A. Area Investors Trade Santa Monica Apartment Property in $5.5 Mil Deal
3/21/22
A 10-unit apartment property in Santa Monica sold for $5.5 mil, or $550k/unit. The property is located at 911 Lincoln Blvd, just south of Montana Ave in the city’s desirable North of Wilshire neighborhood.
Built in 1958, the...
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• LA North Studios Leases New 113k sf Facility in Valencia
3/17/22
LA North Studios inked a lease for 113.4k sf of space at the recently-constructed IAC Commerce Center in Valencia.
LA North Studios is a full-service film studio providing sound stages, studios and production services to maj...
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• Harbor Associates and Gemdale USA Buy 114k sf Office Asset in Agoura Hills
3/17/22
Harbor Associates and Gemdale USA have acquired Agoura Hills Business Park, a 114k sf office campus located in the Los Angeles submarket of Agoura Hills, in a $29.7 mil ($260.5k/sf) off-market transaction
The acquisition rep...
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