|
Valencia Office Building Purchased for $250/sf by Exchange Investor 4/09/21 A two-story, 23.8k sf office building in Valencia recently sold for $6 mil, or $252/sf. The building, located at 25050 Avenue Kearny, just south of the confluence of Newhall Ranch Rd and Rye Canyon Rd, was acquired by A. Gold...
|
Report Offers Quick Snapshot of How Los Angeles’ Industrial, Office, Retail and Multifamily Markets have been Impacted One Year into the Pandemic 4/08/21 This report was provided by the Los Angeles office of NAI Capital Commercial
A year into the pandemic, the pace of LA County’s commercial real estate markets has changed. As the economy began to reopen from the Covid-19 shut...
|
Condo-Mapped Townhome Property in Hollywood Sells for $540k/Unit 4/08/21 A fully occupied, 11-unit condo-mapped townhome property in Hollywood sold for $5.955 mil ($541k/unit). The property is located at 5420 Harold Way, north of Sunset Blvd and east of Western Ave.
Built in 2008, the five-story ...
|
El Segundo Data Center Trades Hands 4/07/21 A 117k sf data center located at 444 N. Nash St in El Segundo traded hands. Previously known as T5@LA, the property is a single-story, Class A industrial facility that is home to multiple credit-worthy, hyperscale and strateg...
|
L.A. Creative Office Building Fetches Over $750/sf 4/06/21 The Luzzato Company purchased a 29.7k sf adaptive reuse and creative office building in Los Angeles for $22.79 mil ($767/sf). The property, located at 3317-3325 Exposition Place, just east of Crenshaw Blvd, is fully leased to...
|
Calabasas Creative Office Campus Purchased for $79 Mil by China-Based Gemdale Corporation 4/05/21 The Park Calabasas, a 222.5k sf, creative office campus in Calabasas, was purchased for $79 mil ($355/sf) by Gemdale USA, a subsidiary of China-based Gemdale Corporation. The property was sold by Rising Realty Partners and F...
|
Historic Apartment Property in Downtown Long Beach Bought by L.A. Investor for $5.7 Mil 4/05/21 A historic, 25-unit apartment property in the West Gateway submarket of downtown Long Beach sold for $5.735 mil ($229.4k/unit). The property, located at 330 Cedar Ave, within walking distance to a diverse set of employment op...
|
GSA Inks Renewals Worth $80 Mil at Long Beach Office Tower 4/02/21 The U.S. General Services Administration (GSA) has agreed to $80 mil in lease renewals for over 140k sf of space at Shoreline Square, a Class A office tower in Long Beach. The 20-story high-rise, owned by Parallel Capital Par...
|
East Hollywood Apartment Development Set to Start with $21.5 Mil Construction Loan 4/02/21 Parkview Financial has provided a $21.5 mil construction loan to Oakwood CA LLC for the development of a 68-unit apartment property in East Hollywood. The fully entitled development, situated on a .68-acre land parcel at 4065...
|
Rexford Industrial Realty Buys Five Assets Totaling 382k sf in Feb and March 4/01/21 In the latest activity by Rexford Industrial Realty, the company acquired five industrial properties representing 382.3k sf of improvements for an aggregate purchase price of $68.8 mil. The company also sold one industrial pr...
|
Investor Nabs Redevelopment Site in L.A.’s Koreatown 4/01/21 A 3.6k sf, one-story building on .21 acres with future development potential in the heart of Los Angeles’ Koreatown sold for $2.9 mil. The property is located at 513 Western Ave, on the southwest corner of West 5th St and Sou...
|
Waterford Property Company and the California Statewide Communities Development Authority Pay Over $500k/Unit for Long Beach Multifamily Property 4/01/21 A partnership of Waterford Property Company and the California Statewide Communities Development Authority (CSCDA) has acquired Oceanaire, a 216-unit luxury apartment community in Long Beach, for $120 mil ($555k/unit). The pr...
|
Res Development in L.A.’s Los Feliz Area Lands $35 Mil in Permanent Financing 4/01/21 The 1860 Apartments, an 87-unit multifamily development in L.A.’s Los Feliz area, was refinanced with a new permanent loan for $35 mil, replacing the original construction financing. The five-story development, which includes...
|
Apartment Building in West Los Angeles Goes for $339k/Unit 3/31/21 A nine-unit apartment property in West Los Angeles traded for $3.05 mil, or $339k per unit. The buyer was a Los Angeles-based private family trust.
The property, located at 11285 Charnock Rd, is within the Mar Vista neighbor...
|
Intercontinental Real Estate Corporation Buys 222k sf Industrial Property in the San Fernando Valley 3/30/21 Intercontinental Real Estate Corporation has acquired a fully-leased, 221.8k sf warehouse and distribution facility in the northwestern San Fernando Valley community of Chatsworth. The 13-acre property is located at 20730 Pra...
|
Xenon Investment Corp Pays $21 Mil for West Hollywood Res Property 3/30/21 Xenon Investment Corp purchased The Hollywood Regency Apartments, a 60-unit multifamily property in West Hollywood, for $21.3 mil ($355k/unit). The asset, located at 1635-1639 N. Martel Ave, is viewed as a value-add opportuni...
|
Landmark Global Inks Agreement for 125k sf of Industrial Space in La Mirada 3/29/21 Landmark Global has signed a five-year, $6.5 mil lease for 125.4k sf ($0.86/sf/mo) of industrial space in La Mirada. The property, located at 14407 Alondra Blvd, is owned by Link Logistics Real Estate.
Landmark will occupy t...
|
Thorofare Capital Provides $21.5 Mil Construction Loan for LA Area Self-Storage Project 3/29/21 Thorofare Capital has provided a $21.5 mil construction loan for the development of a state-of-the-art, 1,171-space self-storage facility in Van Nuys, on behalf of the project’s owner, Gregg Buskett. The loan will finance the...
|
LaSalle Investment Management Pays $1,500/sf for Beverly Hills Medical Office Building 3/26/21 LaSalle Investment Management acquired a five-story, 49.7k sf medical office building in Beverly Hills for $74.4 mil ($1,497/sf). The Class A building, located at 9033 Wilshire Blvd, is anchored by USC’s Keck Medical Center. ...
|
Meta Housing Corporation Starts Work on 100-Unit Affordable Housing Project in Palmdale 3/23/21 Meta Housing Corporation has broken ground on a 101-unit affordable multifamily housing development in Palmdale. The 123.4k sf property, Juniper Grove, is being built by RAAM Construction.
Located at 150 East Avenue R will c...
|