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February 8, 2025
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LOS ANGELES COUNTY NEWS
Archive
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• 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...
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• 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...
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• 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 ...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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. ...
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• 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...
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