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• Pomona Industrial Property Sold for $6.78 Mil
11/11/21
Pomona Business Park, a 66k sf biz park property on 3.9 acres in Pomona, was bought by a local investor for $6.78 mil ($103/sf). The buyer intends to implement a value-add renovation program at the property, located at 201 No...
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• Meta Housing Corporation Begins Work on 150-Unit Affordable Housing Project in Palmdale
11/10/21
Meta Housing Corporation has broken ground on Palmdale Terrace, a 151-unit affordable multifamily housing development in Palmdale. The project, located at SW 25th St East and East Ave, is being built by RAAM Construction Inc....
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
11/10/21
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• Waterford Property Company and California Statewide Community Development Authority Buy 105-Unit Res Community in Pasadena
11/09/21
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave in Pasadena, for $67 mil ($
Up...
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• StringKing Leases 75k sf Carson Facility
11/08/21
StringKing has leased a freestanding, 74.7k sf industrial and manufacturing/distribution facility in Carson. Terms of the deal were not given out.
StringKing’s new facility provides access and frontage to the 91 Fwy and is a...
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• Draftsmen & Craftsmen
11/05/21
H. Hendy Associates has completed construction on a new global headquarters and production workspace design for Rocket Lab, a space systems company, in Long Beach. Rocket Lab fully occupies a 90.7k sf building owned by Sares ...
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• Local Investor Pays $280k/Unit for Paramount Apartment Building
11/03/21
Casa Sierra, a 22-unit multifamily property in the SoCal city of Paramount, was purchased by Gardena-based Swami International California for $6.175 mil ($280.7k/unit).
Built in 1986, the property is situated on just over o...
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• African-American Real Estate Professionals Association of Los Angeles Hosts the CRE Industry for The Zanja Madre Experience
11/02/21
The African-American Real Estate Professionals association of Los Angeles (AAREPLA) and other culturally diverse trade organizations gathered last Thursday in the award-winning garden plaza at 801 Tower – The Zanja Madre. All...
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• Local Investors Trade Downey Apartment Property
11/01/21
A 16-unit apartment property in Downey sold for $3.95 mil, or $247k/unit. The property, located at 11502 to 11506 Adco Ave, traded at a 4.73% cap rate.
Built in 1957, the two-building, two-story property was fully occupied a...
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• New Hollywood Lifestyle Hotel Slated to Open in December
11/01/21
tommie Hollywood, a lifestyle hotel located at 6516 Selma Ave, in the heart of Hollywood near Sunset Blvd, is slated to open in early December. The property, which will join the JdV by Hyatt brand, is expected to appeal to th...
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• The Korda Group Closes $28 Mil Office Buy in Pomona
11/01/21
In a recent Pomona office trade, The Korda Group, an L.A.-based family-owned developer, paid $28.05 mil ($291/sf) for 901 Corporate, a 96.4k sf, Class A office building. It was sold by Foremost Corporate, a SoCal-based real e...
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• Principal Real Estate Investors Buys 32k sf Medical Office Building in North Hollywood
10/29/21
Principal Real Estate Investors has purchased a 32.4k sf, medical office building in North Hollywood. The property, located at 4343 Lankershim Blvd, was sold by GPI Companies.
4343 Lankershim is a three-story medical office ...
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• Private Investors Trade Wilmington Apartment Property in $9.6 Mil Deal
10/28/21
Wilmington Villa, a 44-unit apartment complex in Wilmington, CA, sold for $9.6 mil, or $218k per unit. Built in 1987, Wilmington Villa is located at 808 W Anaheim St, a few blocks east of the 110 Fwy.
Wilmington Villa consis...
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• Bridge Housing and PATH Ventures Break Ground on Affordable Housing Communities in the L.A. Area
10/27/21
Here’s news of two affordable housing communities that just broke ground in the L.A. area. The projects, both being built by R.D. Olson Construction, are Anaheim and Walnut in Long Beach, valued at $44 mil, and West Carson Vi...
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• Brookfield Properties Purchases Industrial Building in La Mirada
10/26/21
Brookfield Properties bought a 255k sf industrial property located at 14555 Alondra Blvd in La Mirada. The Class A asset, originally built in 1969 and completely renovated in 2016, sits on a 12.09-acre lot and boasts superior...
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• Hawthorne Apartment Property Goes for $235k per unit
10/25/21
An LA-based private investor paid $6.1 mil for a 26-unit apartment property in Hawthorne. The property, located at 13520 Lemoli Ave, traded at a 4.5% cap rate and a price per unit of just under $235k.
Built in the 1970s, 135...
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• Long Beach Apartment Property Goes for $312k per Unit
10/22/21
An eight-unit apartment property located at 1148 Stanley Ave in the Eastside submarket of Long Beach sold for $2.5 mil, or $312.5k/unit. The property sold at a 4.3% cap rate.
Built in 1986, the property consists entirely of ...
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• CGI+ Real Estate Strategies to Start Work on Major Mixed-Use Development in L.A.’s Miracle Mile District
10/22/21
CGI+ Real Estate Strategies has received full entitlements and will begin development on a major hotel/multifamily/retail multi-use project at the intersection of Wilshire Blvd and La Brea Ave in Los Angeles’ Miracle Mile Dis...
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• San Fernando Valley Warehouse Sells for Over $12 Mil
10/21/21
A 40.4k sf warehouse property in the central San Fernando Valley community of Van Nuys sold for $12.35 mil, or $306/sf. The property, located at 7821 Hayvenhurst Ave, between Saticoy St and Roscoe Blvd.
Built in 2003, the b...
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• New 23-story Upscale Res Development in L.A. Opens Its Doors to First Tenants
10/20/21
Residents have begun moving into the first 200 units at Kurve on Wilshire, the new $300 mil development located on the border of Koreatown and downtown in Los Angeles. The 23-story complex, located at 2801 Sunset Place, is un...
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