Los Angeles
LA-Area Office Building Changes Hands
Excelsior Partners has acquired a 49,336-square-foot building in Torrance. Team Shannon Private Capital Group negotiated the deal on behalf of the seller.
Driverless Car Firm Signs 48 KSF Pasadena Lease
A CBRE team represented landlord EverWest Real Estate Investors in the transaction valued at $11.4 million with the San Francisco-based GM Cruise.
L.A. to Phase Out Coastal Power Plants
Three natural gas-fired facilities will be phased out by 2029, signaling a shift to renewable sources.
Bridge Development Breaks Ground on LA-Area Industrial Facility
The company has launched construction of Bridge Point Vernon, a 117,360-square-foot asset located three miles south of downtown Los Angeles.
Optimus Properties Acquires LA-Area Office
The one-story structure 20 miles south of central Los Angeles contains more than 60,000 square feet. The county government is the only tenant the building.
Bixby Land Names New President, CEO
Aaron Hill has served the firm for 13 years, focusing on expanding the company’s commercial real estate operating platform.
The Swig Co. JV Sells LA Creative Campus
In the $39.2 million deal, Alexandria Real Estate Equities acquired Bristol 61 in Culver City after the sellers modernized and rebranded the asset.
Related Cos. JV Breaks Ground on $1B LA Project
Designed by Frank Gehry, The Grand will feature retail offerings, a movie theater complex, a 309-key hotel, as well as open space and a 39-story multifamily tower.
LA Storage Facility Secures Construction Loan
World Class Capital Group and Barings received $30 million in financing for a 188,600-square-foot project in the city’s Chinatown neighborhood.
Bridge Development Buys Industrial Facility for $68M
Lee & Associates facilitated the sale of a 261,528-square-foot industrial asset located in Los Angeles, near the city’s downtown. The firm represented both the seller and the buyer in the deal.