Los Angeles
Dole Food Sells HQ for $50M
CBRE secured the buyer for the fruit and vegetable company’s campus in Westlake Village, Calif. The seller will lease back a segment of the three-story building.
Westcore Properties Adds LA-Area Facility to Holdings
The fully leased industrial facility is located in Moorpark, Calif. NKF Capital Markets worked on behalf of the seller, whereas the buyer was self-represented.
Simon, Macerich to Develop LA-Area Retail Project
The 566,000-square-foot outlet center in Carson, Calif., will be constructed in two phases and is expected to open in fall 2021.
LA-Area Landmark Walgreens Building Sells for $23M
Hanley Investment Group represented the seller, AEGON USA Realty Advisors, and Realty Advisory Group worked on behalf of the buyer, a private investor in the deal.
Ross Stores Leases 1 MSF of CA Industrial Space
The retailer signed a lease agreement with Wonderful Real Estate to occupy space at a fully-entitled, world-class distribution center in Shafter.
StarPoint Acquires Beverly Hills Office Building for $193M
The company plans to renovate and reposition the 46-year-old tower at 433 N. Camden Drive, which ranks as the second-tallest building in the high-end submarket.
EverWest JV Lands $13M for CA Industrial Property
The three-building asset is located in City of Industry and comprises a total of 165,681 square feet. HFF worked on behalf of the borrower.
LA Lakers Facility Feeds Off Sun Power
The LEED Platinum-certified training center’s solar panels will cut energy costs by about $38,000 annually and pay for themselves in four years.
L’Oréal Inks 240 KSF Lease in Southern California
Co-developers Majestic Realty Co. and Tejon Ranch Co. secured a commitment from the beauty company to house the distribution operations of its SalonCentric subsidiary.
Heitman’s LA Office Tower Earns LEED Platinum
The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.