Los Angeles
Lee & Associates Facilitates Sale of Mixed-Use California Property
A private investor purchased the 14,000-square-foot asset in Burbank. Managing Director Scott Romick and Principal Cory Stehr represented both parties in the transaction.
Exploring Opportunity Zones: Part II
How effective was the latest guidance issued on the Opportunity Zone program? Primior’s Johnney Zhang weighs in on the topic and discusses how the initiative influenced land prices.
Lee & Associates Arranges 60 KSF Los Angeles Industrial Lease
Managing Director Scott Caswell and Associate Erica Balin represented the tenant, Neutraderm. CBRE’s Vice President Bennett Robinson acted on behalf of the landlord.
Lee & Associates Arranges Los Angeles Office Sale
Principals Jay Rubin and Scott Silverstein represented both parties in the transaction. The new owner intends to reposition the 50,234-square-foot Marin Corporate Center as a Class A medical office asset.
Rexford Industrial Continues Southern California Expansion
The firm has grown its portfolio with the acquisition of two facilities located in Downey, Calif.
Los Angeles Industrial Asset Commands $104M
Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer’s industrial portfolio in the metro increased to 2.2 million square feet.
REIT Closes $123M in Southern California Acquisitions, Sales
Rexford Industrial Realty has added five properties totaling nearly a half-million square feet to its portfolio in separate transactions, and partially financed the purchases with two dispositions.
LA-Area Retail Center Sells for $31M
The 100 percent leased grocery-anchored asset traded to a Los Angeles-based 1031 exchange buyer.
AC Hotel Opens in LA’s South Bay
General contractor R.D. Olson Construction recently completed the 180-key lodging property in El Segundo, Calif.
From Movie House to Mixed-Use: Historic South Bay Asset Sells for $18M
Federal Realty Investment Trust sold The Bijou Building, which began life in 1923 as a movie theater. Newmark Knight Frank arranged the sale of the property in Hermosa Beach, Calif.