Los Angeles
Construction Begins on 2 LA-Area Industrial Facilities
Prologis is developing two Class A industrial buildings totaling more than 346,000 square feet in Vernon, Calif., a town with an industrial inventory of about 56 million square feet.
Kilroy Realty Sells LA-Area Office Park for $78M
The 225,000-square-foot campus encompasses two four-story buildings and a two-story building completed in 2000 and 2001. At closing, the asset was 96 percent occupied.
Lee & Associates Brokers LA-Area Inn Sale
Y&C Pacific paid roughly $8 million for Good Nite Inn in Whittier, Calif. Andy Investment Co. sold the 102-key asset after three decades.
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
Meridian Closes 5th MOB Acquisition in California
The company will invest $3.6 million in upgrades to the property, which was vacant at the start of negotiations. While the sale was in escrow, Newmark Knight Frank found a tenant for half the building.
Top 10 Office Completions in Los Angeles
Inventory is expected to grow by 2 million square feet by the end of 2018, with significant additions in the CBD, Hollywood and Jefferson Corridor submarkets.
Hackman Capital to Pay $750M for CBS’ Television City
The real estate investment and operating company will add the 25-acre Los Angeles campus to its growing media-related portfolio in a sale-leaseback transaction.
Sabal Capital Names New President, COO of Lending
A veteran real estate finance executive, Jason Pendergrist joins the firm from Banc of California, where he served as executive vice president & head of real estate and commercial banking.
Kidder Mathews Expands LA Operations
The company recruited 21 top brokers to work in its fourth office in the metro, located in Century City.