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• The Georgetown Company Purchases Hollywood Media Campus for $93 Mil
2/28/22
The Georgetown Company has acquired Hollywood Media Campus, a 3.5-acre site comprised of a fully leased, 75.6k sf office building and an adjacent development parcel. The campus, located at 1350 North Western Ave in Hollywood,...
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• Long Beach Office Property Trades for $41 Mil as Res Redevelopment Opportunity
2/28/22
Holland Partners purchased Congressional Place, a two-story, 7.8k sf office building in Long Beach, in a $41 mil transaction. The property, located at 6700 East Pacific Coast Hwy, is planned as a multifamily redevelopment pro...
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• Commercial Real Estate Financing Briefs
2/25/22
JLL - Charles Halladay and Rick Salinas at JLL arranged a $60.3 mil mortgage loan to finance SB Real Estate Partners’ and Marble Partners’ acquisition of Bridge Creek Apartments in Vancouver, WA. The 270-unit multifamily prop...
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• The Bascom Group Closes Fifth Multifamily Investment Fund
2/24/22
The Bascom Group has closed the offering for its fifth fully discretionary multifamily real estate investment fund. The fund, Bascom Value Added Apartment Investors V LLC (“Fund V"), raised equity commitments of $150 mil. Thi...
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• UpScale Res Tower in Long Beach Gets New Owner in $48 Mil Deal
2/23/22
442 Residences, a newly constructed, 94-unit luxury multifamily community in Long Beach, traded hands for $48.5 mil, or approximately $516k per unit. The buyer was MWest Holdings.
Located at 442 W. Ocean Blvd, the property ...
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• Office Building in L.A.’s Echo Park Neighborhood Fetches $500/sf
2/22/22
The Rolf K. McPherson building, a 99.8k sf office building in Echo Park, was purchased for $51 mil ($511/sf) by CMCT, a real estate investment trust that owns, operates and develops premier multifamily and creative office ass...
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• A Renovated Medical Office Property in Torrance Sells for Over $14 Mil
2/22/22
An unnamed private investor paid $14.2 mil for a renovated, 26k sf medical office building in Torrance. The building, located at 3531 Fashion Way, was sold by Meridian.
The property is situated directly across the street fro...
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• Buck Design Buys DTLA Building for $26.5 Mil
2/21/22
Buck Design purchased a 79.2k sf building at 120 S. San Pedro St in downtown Los Angeles in a recent $26.5 mil ($335/sf) transaction. The firm, a global creative agency with offices in Los Angeles, New York, Sydney, and Amste...
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• Prodalim Group USA Leases 60k sf Food Processing Facility in South Gate
2/17/22
Prodalim Group USA inked a 10-year lease for a 60k sf, industrial food processing facility in South Gate in a deal worth roughly $17 mil, or $2.36/sf/mo, including tenant improvements. The property sits on 2.78 acres at 12128...
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• New 90k sf Expansion Campus Completed in the San Fernando Valley for Granada Hills Charter
2/17/22
Granada Hills Charter, one of the largest public charter schools in the U.S., has just completed construction of a 90k sf expansion campus in Northridge. The expansion has allowed the school to broaden its curriculum to offe...
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• Santa Monica Apartment Building Traded at $387k per Unit
2/17/22
A six-unit bungalow-style apartment property in Santa Monica was purchased for $2.325 mil ($387.5k/unit). The property, located at 1318 19th St, was acquired by Princess Apartments GP.
Built in 1955, the asset’s unit mix inc...
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• Optimus Properties Spends $20 Mil on Two Apartment Properties in L.A.’s Echo Park Neighborhood
2/16/22
We’ve learned of two Los Angeles apartment properties that recently traded hands in deals totaling over $20 mil. Both properties, mid-sized assets on the border of Echo Park, were sold by the same family trust and acquired by...
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• Glendale Office Tower Lands $145 Mil Refi Loan
2/15/22
DivcoWest has obtained $145 mil in refinancing for Glendale Plaza, a 542k sf, recently renovated Class A office tower in Glendale. Located at 655 N. Central Ave, Glendale Plaza is a 24-story, LEED Platinum-certified office to...
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• CenterPoint Properties Closes $24 Mil Industrial Buy in Gardena
2/14/22
CenterPoint Properties purchased a 91.3k sf, fully leased industrial property in Gardena for $24.04 mil ($263/sf). CenterPoint acquires, develops, redevelops, manages, leases and sells state-of-the-art warehouse, distribution...
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• Office Building in Brentwood Goes for $780/sf
2/11/22
A three-story, 24.3k sf office building in Brentwood, on Los Angeles’ Westside, sold for $19 mil, or $781/sf. The building, located at 11440 San Vicente Blvd, was partially vacant at the time of sale. The new owner plans to o...
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• Long Beach Office High-Rise Sells in $85 Mil Transaction
2/10/22
Shoreline Square, a Class A, 20-story, 411k sf office tower in downtown Long Beach, traded hands for $85.5 mil, or $208/sf. The building, located at 301 East Ocean Blvd, was purchased by Shoreline Square Holdings LLC. The sel...
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• Long Beach Apartment Building Trades for $240k per Unit
2/10/22
A NoCal-based private investor paid $5.04 mi for a 21-unit ($240k/unit) apartment property located at 1505 E. 11th Street in Long Beach. The property closed at a 4.2% cap rate.
Built in 1964, the controlled-access property o...
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• Buck Design Buys Office Building in DTLA’s Little Tokyo Neighborhood
2/09/22
Buck Design purchased a 79.2k sf office building in the Little Tokyo neighborhood of Downtown Los Angeles. The creative agency plans to move into the property, located at 120 South San Pedro St, following further renovation.
...
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• Prologis Spends $96 Mil on OC Office Campus
2/08/22
Prologis Inc has acquired Pacific Vista, a 322.3k sf, Class A corporate office campus situated on just over 24 acres in Lake Forest, for $96 mil ($298/sf) in an off-market deal. The property consists of five two-story office ...
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• Premier Workspaces Partners for Another QWork in Warner Center
2/07/22
Irvine-based Premier Workspaces is partnering with California Home Builders to open their second partnered location, QWork Topanga. The new 9.2k sf, private office and coworking space is located on the ground level of The Q T...
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