Los Angeles
Family Investment Group Buys LA MOB
Located at 11155-11166 Sepulveda Blvd., San Fernando Professional Building LLC sold the 100-percent occupied medical facility in a 1031 exchange.
Rexford Industrial Buys 115 KSF Facility
The company shelled out $17.2 million or $149 per square foot for a single-tenant industrial property located in Cerritos, Calif.
Bellwether Arranges $23M Refi for LA Creative Office
Converted from industrial buildings, the MDR Truss Campus comprises six buildings situated on 2.8 acres, totaling roughly 70,000 square feet of creative office space.
BLT Converts 2 SoCal Properties Into Creative Offices
The firm’s major renovation plans for a 6,500-square-foot industrial building and a 4,680-square-foot music studio include exterior and interior upgrades.
Hubilu’s Student Housing Portfolio Turns to Solar
The properties in the company’s portfolio are set to feature rooftop photovoltaic technology, and will also accept cryptocurrency as payment.
Talent Agency to Relocate LA Office
BUCHWALD leased the penthouse floor of a 453,000-square-foot building to relocate its office in the Miracle Mile district. In the move, the firm will more than double its previous space.
Top 10 California Office Deliveries in 2017
The Golden State’s office market continues to boom, thanks in part to smart development activity. In 2017, more than 2 million square feet of space came online in Los Angeles, while San Francisco added about 1.4 million square feet.
Penwood Acquires Industrial Asset for $44M
NKF Capital Markets brokered the sale of the 347,119-square-foot R&D/industrial facility in Thousand Oaks, Calif. The buyer was self-represented in the deal.
SoCal Community Reopens Following $10M Renovation
Decron Properties’ Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.
Rosenthal Property Portfolio Sells for $16M
The 102,859-square-foot asset, located in East Los Angeles/Boyle Heights, traded to Maple DTLA LLC, a local apparel company and investor.