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July 14, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Prodege Leases 35k sf El Segundo Creative Office Space
11/05/20
Prodege LLC has leased 35k sf of office space in El Segundo as its new headquarters location. The online marketing and media company will occupy a portion of the South building at 2030 E. Maple, on the 102k sf, amenity-rich c...
more » 

• Res Project North of DTLA Secures $37 Mil in Construction Financing
11/03/20
Parkview Financial has provided construction funding of $37.3 mil for a 112-unit residential development in the Elysian Valley of Los Angeles, just north of Downtown by Glassell Park. The project, a joint venture of River She...
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• Premier Workspaces and California Home Builders Introduce Q Work in Woodland Hills
10/29/20
Irvine-based Premier Workspaces and California Home Builders are introducing Q Work powered by Premier Workspaces, at 21045 W Erwin St in Woodland Hills. Q Work will offer 6k sf of workspace with 37 private offices, coworking...
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• Rexford Industrial Realty Spends $22 Mil on Sylmar Industrial Asset
10/27/20
Rexford Industrial Realty paid $22.05 mil for a two-building, 140.8k sf ($157/sf) industrial park in Sylmar, in the northeastern San Fernando Valley. The property was sold by Oaktree Capital Management L.P. and Intertex Compa...
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• Local Developer Spends $4.7 Mil on Fully Entitled Site in Bell Gardens
10/27/20
A local private developer paid $4.675 mil for 2.47 acres of land located at 8000 Bell Gardens Ave and 5500 Quinn St, in Bell Gardens, CA. The site is fully entitled for Bell Gardens Townhomes, a seven-building, 48-unit for-sa...
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• Beverly Hills Mixed-Use Property Goes for Over $1,200/sf
10/27/20
A 29.7k sf, mixed-use property in Beverly Hills has sold for $36.15 mil, or about $1,216/sf. Located at 139 South Beverly Dr, just south of Wilshire Blvd, the three-story building includes a rare surface parking area. The pr...
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• Burbank Apartment Portfolio Trades for First Time in Over 30 Years
10/27/20
An 84-unit apartment portfolio in Burbank was purchased for $31.25 mil, or $372k per unit. The portfolio consists of two 42-unit apartment buildings just two blocks from each other in the heart of the city. The three-story a...
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• USC Inks Renewal/Extension Lease at The Alhambra
10/26/20
Long-term tenant USC has renewed their lease and added 14.2k sf of space for a total of 87.9k sf of leased office space at The Alhambra, a reimagined 40-acre mixed-use urban community developed by The Ratkovich Company. The A...
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• New Retail Center Completed by Primestor at Redeveloped Mixed-Use Community in South Central L.A.
10/26/20
Freedom Plaza, a brand-new neighborhood center that is the retail element of the Jordan Downs mixed-use development in Watts, a city in South-Central Los Angeles, has been completed. The 114.4k sf project, developed by Primes...
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• BLT Enterprises Spends $9.3 Mil on Creative Office Property
10/26/20
BLT Enterprises purchased a 16k sf, multitenant creative office property in West Los Angeles for $9.29 mil, or $580/sf. The asset is located at 2256 Barry Ave, just north of I-10 and west of I-405, within walking distance to ...
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• Innova Medical Group Inks Lease for 15k sf of Office Space in Pasadena
10/23/20
Innova Medical Group Inc signed a 15k sf office lease exceeding a 10-year term at Pasadena Towers in Pasadena. Innova distributes various molecular and IgG/IgM antibody test kits for COVID-19 from multiple supply partners and...
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• DTLA’s Union Bank Plaza Nominated as a Historical Landmark by the Los Angeles Conservancy
10/22/20
Union Bank Plaza (UBP), a 701.9k sf, 40-story, office tower and retail plaza in Downtown Los Angeles, was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los A...
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• Local Developer Spends $3.75 Mil on Entitled Site in Hollywood
10/21/20
A vacant, 8.8k sf parcel of land within an Opportunity Zone in Hollywood was purchased by a Los Angeles-based developer for $3.75 mil. The site, located at 5717 Carlton Way, is fully entitled for the development of Fifty-Seve...
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• Rexford Industrial Realty Closes Two Industrial Purchases and Three Sales in Deals Totaling $72 Mil
10/21/20
Rexford Industrial Realty Inc purchased two SoCal industrial properties for $27.6 mil, and has sold three other assets for $44.2 mil. The acquisitions were funded using cash on hand. On the buy side, Rexford acquired 12133 G...
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• ELK Development Locks in $14 Mil for Development of Hollywood Micro-Unit Res Project
10/19/20
ELK Development has secured $14.1 mil in construction financing for an 86-micro-unit development located in the Hollywood opportunity zone census tract. Construction of the project, located at 502 S. Harvard, north of Wilshir...
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• Investors Trade San Gabriel Valley Multifamily Asset in $9.7 Mil Deal
10/16/20
The Azusan, a 44-unit multifamily property in the San Gabriel Valley city of Azusa, was acquired by Barker Pacific Group for $9.7 mil, or $220k per unit. Located at 1345 N. San Gabriel Ave, the two-story community was origin...
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• Final Phase Completed at California Landmark Group’s G8 in Marina del Rey
10/15/20
The final phase has been completed at G8, the largest multifamily/commercial development in Marina del Rey’s Marina Arts District. The $120 mil project – a development of California Landmark Group (CLG) -- includes 228 rental...
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• Nome Ventures Spends $55 Mil on Office Tower in L.A.’s South Bay
10/15/20
Nome Ventures, a Silicon Valley-based real estate investment firm, has acquired Pacific Gateway, a recently renovated, 237.1k sf, Class A office tower located at 19191 S. Vermont Ave in Torrance, in a $55.5 mil ($234/sf) tran...
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• Burbank Res Property Sells for $307k/Unit
10/15/20
The Capri, a 21-unit apartment building in the city of Burbank, sold for $6.46 mil, or $307.6k/unit. Built in 1967, the property sits on a 17.4k sf lot at 520 E. Magnolia, just north of Olive Ave, and east of I-5 and Glenoaks...
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• Local Investment Entity Buys 46k sf Cold Storage Facility in Vernon from Dedeaux Properties-Led Venture
10/14/20
Vernon Avenue Logistics Center, a recently completed, fully occupied cold storage facility in Vernon, was purchased by a Los Angeles-based, family owned real estate investment and development company for $14.85 mil. The 46.4k...
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