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• Bolour Associates to Develop 61-Unit Res Project in East Hollywood’s Melrose Hill Neighborhood
10/16/24
Bolour Associates Inc has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood.
Located at 4800 W. Melrose Ave in Los Angeles, the project will i...
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• City of San Diego Leases 43k sf of Office Space at Renovated Office Tower Downtown
10/16/24
The City of San Diego has leased 43k sf of office space in downtown San Diego for its Development Services Department. The agency inked the deal at the recently renovated Five50West, a 20-story, 362.8k sf office building loca...
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• Otay Mesa Site Trades in a $5.2 Mil Deal
10/16/24
IDS Real Estate Acquisitions LLC acquired 3.34 acres of industrial-zoned land in Otay Mesa in a $5.2 mil transaction. The property was sold by FOTINM LLC.
The land is located at the northwest corner of Camino Maquiladora and...
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• Iconic Dolby Theatre in Hollywood Trades Hands
10/16/24
JEBS Hollywood Entertainment LLC purchased the Dolby Theatre, an iconic Hollywood live performance entertainment auditorium in Hollywood, in a transaction said to have come in at around $50 mil. Built in 2001, the 3,400-seat,...
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• Gortikov Capital Buys Affordable Housing Portfolio in Santa Monica for $120 Mil
10/15/24
Gortikov Capital has acquired, Samo Collection, a portfolio of 399 income- and rent-restricted affordable housing units across 11 buildings in the City of Santa Monica, for $120 mil.
Gortikov Capital plans to undertake targ...
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• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
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• Tejon Ranch Company and Dedeaux Properties to Develop 500k sf Warehouse Facility at Tejon Ranch Commerce Center
10/11/24
Tejon Ranch Company signed a joint venture agreement with Dedeaux Properties to develop and lease an approximately 510.5k sf, state-of-the-art industrial warehouse at the Tejon Ranch Commerce Center (TRCC). Located at the int...
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• Laguna Beach Apartment Property Goes for $425k/Unit
10/10/24
Laguna Terrace, a 12-unit multifamily property at 2200 S. Coast Highway in Laguna Beach, was acquired for $5.1 mil ($425k/unit) by a private investor. The property comprises four separate buildings across three adjacent lots,...
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• Pasadena Medical Office Building Sells for $560/sf
10/10/24
A 20k sf, multi-tenant medical office property in Pasadena sold for $11.3 mil, or $563/sf. Located at 1038-1044 S Fair Oaks Ave, the two-story, building is occupied by Acuity Eye Group and Pasadena Advanced Surgery Institute....
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• Raintree Partners Agrees to 99-Year Ground Lease of One-Acre Property in San Diego’s Bankers Hill Area
10/09/24
Raintree Partners agreed to a 99-year ground lease for a 1.06-acre commercial site in San Diego’s Bankers Hill neighborhood. The property, located at 411 Ivy St, includes an adjacent parking lot
The four-parcel property ass...
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• Forner Boy Scouts HQ Building in Pasadena Sells for $5.5 Mil
10/09/24
A private investor paid $5.5 mil for a 15k sf ($367/sf) office building on a 65.6k sf lot in Pasadena. The asset was sold by Greater Los Angeles Scouting (formerly Greater Los Angeles Area Boy Scouts of America). It was 100% ...
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• Renovated Costa Mesa Apartment Property Fetches $375k/Unit
10/08/24
Hamilton Cove, a newly renovated 15-unit multifamily property in Costa Mesa, traded for $5.625 mil ($375k/unit). Originally constructed in 1964, the two-story, 9.4k sf multifamily building sits on a 0.45-acre lot at 560 Hami...
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• Drawbridge Realty and KKR/Global Atlantic Spend $185 Mil on Santa Monica Office Property
10/08/24
Drawbridge Realty, out of San Francisco, has acquired Arboretum Gateway, a 225.8k sf, creative office HQ property in Santa Monica, in a venture with KKR/Global Atlantic. The six-story property, located at 2220 Colorado Blvd i...
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• OC Investor Pays $376/sf for Retail/Medical Building in Aliso Viejo
10/08/24
An Irvine-based private investor purchased a two-story, 25k sf retail and medical building within Aliso Viejo Town Center, a 380k sf community center in Aliso Viejo, for $9.4 mil ($376/sf). The center is anchored by Ralphs, C...
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• Visionary Developments Buys 10k sf of Land in East Hollywood
10/07/24
Visionary Developments, run by Tobias and Terry Harris, paid $1.9 mil for a 10k sf double lot in L.A.’s East Hollywood submarket. The asset traded for $190.27 per square foot of land.
The property is located at 4541- 4545 S...
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• Harbor Associates and F&F Capital Group Pick Up n211k sf San Diego Biz Campus
10/07/24
Harbor Associates LLC, in a joint venture with F&F Capital Group, has acquired Highlands Corporate Center, a Class A, 211k sf five-building multi-tenant office campus in San Diego.
Highlands Corporate Center is located at 1...
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• Drawbridge Realty Buys 225k sf HQ Building in Santa Monica
10/07/24
Drawbridge Realty purchased a 225.8k sf, six-story Class A headquarters building located in Santa Monica’s highly-desirable media district. The property, located at 2220 Colorado Ave, also known as Arboretum Gateway, is at th...
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• The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
The Bradmore Group has completed construction on 42XX, a new creative, mass timber office campus in Marina del Rey. Located at 4204 Glencoe Ave, the 42XX campus spans three acres and comprises three interconnected low-rise bu...
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• Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Houston-based global investment firm Hines has acquired a 2,460-unit self-storage facility in Cerritos, CA for $91 mil. The 260.3k sf Extra Space Storage property was sold by a joint venture between Los Angeles-based self-sto...
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• Apartment Building in L.A.’s Echo Park Area Goes for $290k/Unit
10/04/24
In a recent L.A. multifamily comp, a five-unit apartment property in L.A.’s Echo Park area sold for $1.45 mil, or $290k/unit and $529/sf. The property is located at 1859 Echo Park Ave, north of Sunset Blvd and east of Glendal...
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