Los Angeles
LPC Offloads $125M CA Office Campus
The recently renovated campus in central Burbank, Calif. consists of three buildings totaling nearly 350,000 square feet and two parking structures.
Top 10 Cash-Only Office Deals of 2017
In an intriguing finding, a single metro accounts for the lion’s share of the notable all-cash transactions identified by Yardi Matrix.
Metro LA Office Campus Changes Hands for $47M
SteelWave sold The Arbors, in Thousand Oaks, to Felton Properties. In less than five years, the four-building asset has gone from an REO near-foreclosure to a major renovation.
Airbnb’s Life After New Regulations
As the new law requiring hosts to register with the city went into effect in San Francisco, the room-sharing company had no choice but purge more than 4,500 listings. How has this impacted the local short-rental business, compared to other California metros?
Harbor Buys 2 Office Campuses in SoCal Suburbs
In separate cash transactions totaling $56 million, the value-add real estate investment company acquired Valencia Gateway and Conejo Corporate Campus, two properties totaling 356,100 square feet.
Faris Lee Arranges Sale of Retail Center in CA
Southwood Village, a 66,958-square-foot facility in Torrance, Calif. traded to a private 1031-exchange buyer, based in the South Bay. The asset changed hands for $21 million.
Majestic Asset JV Nabs 2 LA-Area Office Buildings
Equity Office Property Trust sold the 94,000-square-foot Westlake Gardens. NKF Capital Markets negotiated the deal on behalf of the seller.
Brookfield Sells SoCal Office Asset
Atlantic Pearl Investments purchased the Class A, 78,000-square-foot Long Beach property. CBRE negotiated the deal on behalf of the seller.
Aloft Hotel Receives $18M Construction Loan
Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.
Public Storage Expands CA Portfolio
The company has opened a 350-unit self-storage facility in Gardena, Calif. The property will serve the nearby South Bay cities as well.