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September 21, 2023
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SimplerSpace Launches First Coworking Space in Placentia to Meet Demand for Low-Cost, No-Frills Office Space
The new firm also has sites planned in Carlsbad and Pomona

Historic I. Magnin & Company Department Store in Pasadena Transformed into a New Mixed-use Destination
Architecture firm RDC oversees conversion into multi-tenant space that includes an Erewhon grocery store, a childcare center and a womenís healthcare clinic

Apartment Property in East Los Angeles Sells for $140k/Unit
Eight-unit asset had significant deferred maintenance at time of sale

Pacific Clinics Leases 18k sf of Office Space in South Pasadena
Deal brings 92k sf building to full occupancy

Cityview and Stockbridge Start Work on 265-Unit Res Project in L.A.ís South Bay
Highly-amenitized Apollo expected to be finished in 2025

Finance Sector Leaders from Axos Bank, Mizrahi Tefahot Bank, PSRS, Provident Bank and Fidelity Mortgage Lenders Share their Insight on the Finance Market for the Greater Los Angeles Area
Watch this high-powered panel of finance pros discuss the Los Angeles area finance market at RENTV's Greater Los Angeles State of the Market Conference, held on August 17 in Culver City.

CapRock Partners Completes 165k sf Industrial Buy in the San Gabriel Valley
Facility sits on over eight acres in San Dimas

New Res Tower in L.A.ís Koreatown Opens to the Public
375-unit Hallasan was developed by Holland Partner Group

City of Hope Recognizes CBREís Val Achtemeier, Darla Longo and Barbara Perrier for Decades of Professional and Charitable Accomplishments
Trio becomes first all-female group to receive the Spirit of Lifeģ Award

Artisan Ventures and an affiliate of Walton Street Capital Pick Up 160k sf SoCal Portfolio
Purchase consists of light industrial properties in Santa Fe Springs and Brea

Whittier Apartment Community Sells for Over $30 Mil
138-unit Citrus Court is encumbered by a ground lease with 41 years remaining

Two-Tenant Retail Building in Lancaster Sells for $379/sf
7k sf property is part of a Target-anchored center

The Shops at Alhambra Signs Three New Tenants
Latest deals bring 18k sf retail property to 88% leased

Culver City Mixed-Use Project Sells for Over $29 Mil
The Oliver goes for $780k/unit

Transwestern Development Company Breaks Ground on 99k sf Industrial Facility in North L.A. County
Legacy at Palmdale will sit on just under five acres

Westcore Acquires 3.5 msf California Industrial Portfolio
Purchase includes 16 buildings in Chino, Valencia and Livermore

Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil
148-room facility is near LAX and SoFi Stadium

West Los Angeles Retail Center is Now The Now
40k sf property has been redeveloped into a more Zen-like experience

Denver Pallets Spends $10 Mil on Lynwood Land Parcel
Buyer to use 1.5-acre property for business purposes

Trio of Recent Signings Bring San Gabriel Valley Retail Center to 88% Leased
Latest deals are at The Ratkovich Companyís The Shops at The Alhambra

Commercial Real Estate Financing Briefs
Recent transactions from JLL Capital Markets, Marcus & Millichap Capital Corporation and George Smith Partners

See the Speakers from RENTV's Greater L.A. State of the Market Conference
Retail Panel (L-R): Terry Bortnick, Axiom Retail Advisors; Darren Bovard, NewMark Merrill Companies; Jennifer Meade, DJM Capital; Christian Irwin, Federal Realty Investments Trust
Retail Panel (L-R): Terry Bortnick, Axiom Retail Advisors; Darren Bovard, NewMark Merrill Companies; Jennifer Meade, DJM Capital; Christian Irwin, Federal Realty Investments Trust

Here are photos of all the panels at Thursday's annual CRE event

Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley
Single-tenant buildings are fully leased

Commercial Real Estate Financing Briefs
Recent transactions from JLL Capital Markets, BWE, Lucent Capital and Red Oak Capital Holdings

Watch the Latest Episode of CRE Talk with Guest Barry DiRaimondo of SteelWave
Hosts Steve and Arnie interview Barry DiRaimondo, Co-Founder and CEO of SteelWave, the real estate firm with major investments in creative office, creative industrial and life science properties around the Western US. In this wide-ranging and very interesting conversation, Barry discusses: his start in the commercial real estate business; his first major deals; stories about deals that weren't so great; new projects; and more.

Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC
Jasper is a development of Cityview

KB Homes Buys former Starlite Drive-In in El Monte for $24 Mil
Recently re-zoned site will be used for development of 200 homes

Local Investor Buys Eight-Unit Multifamily Property in Long Beach
Value-add opportunity goes for $331k/unit

Long Beach Multifamily Property Goes for $398k/Unit
L.A. investors trade 18-unit Park Villa Apartment Homes

CGI+ Real Estate Investment Strategies Finishes Lazy Acres Store in L.A.ís Los Feliz Neighborhood
31k sf stand-alone structure is grocerís first in Los Angeles

Investor Foots the Bill for Vans Store in Long Beach
3.7k sf single-tenant property goes for $1,153/sf

Inglewood Owner Lands $24.5 Mil in Refinancings on Two Inglewood Properties
Medical office and industrial assets are located directly across from SoFi Stadium

CapRock Partners Buys 92k sf Biz Campus in the San Gabriel Valley
Valley Center Business Park in the City of Industry was 85% leased at time of sale

Rosemead Development Site Sells for Over $8 Mil
The purchase consisted of 12 parcels covering just over two acres

KB Homes Acquires 13.5-Acre Parcel in the San Gabriel Valley
Firm will develop 200 new homes on the El Monte land

Pacific Clinics Leases 18k sf of Office Space in South Pasadena
Three-story, 92k sf building is owned by Greenbridge

L.A. County's Retail Market Struggles to Rebound in Q2 2023
NAI Capital Commercial report points to increased vacancy and slow return to pre-pandemic levels

San Fernando Valley Industrial Building Purchased for $289/sf
37k sf facility located in Chatsworth

Harbor Associates Buys Office Park in Valencia
Acquisition is for 156k sf The Commons of Valencia

New Affordable Housing Project in L.A.ís Westlake North Area Lands $11.75 Mil in Permanent Financing
JLL arranges loan on behalf of West Hollywood Community Housing Corporation

Second Phase of Altadena Senior Living Facility Gets Started
C.W. Driver Companies is handling construction of four additional buildings at MonteCedro Senior Living



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