Los Angeles
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
NKF Brokers South Bay Office Asset Sale
Miramar Capital purchased a 124,000-square-foot office building in Redondo Beach, Calif., from Gramercy Property Trust. At the time of sale, the asset was 58 percent occupied.
EverWest JV Acquires South Bay Office Building
A joint venture between EverWest Real Estate Partners and Frontal Trust purchased a 50,000-square-foot creative office asset in Redondo Beach, Calif.
Essendant Signs 405 KSF Lease in the Central Valley
The build-to-suit industrial lease expands the company’s local and regional fulfilment capabilities. The facility is expected to be operational by the second quarter of 2018.
New JV to Build 120 KSF CA Self-Storage Facility
A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
SteelWave, Invesco Grab LA Times Facility in SoCal
The joint venture plans to redevelop the former printing plant/office property into a creative office destination featuring a high-end public market.
Griffin Sells DreamWorks Animation HQ for $290M
Newmark Knight Frank represented the seller but also arranged the financing for the buyer, LA Hana OW LLC, an entity of Hana Asset Management and Ocean West. The property is 100 percent triple-net leased through 2035 to the studio.
Olive Hill Completes LA Office Renovation
The Olive, a nine-story office building previously known as Crown Plaza, has undergone a full interior renovation. The building houses Olive Hill Group’s corporate headquarters.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
ShopOne Enters CA Retail Market
The company acquired McKinley Crossroads, a 202,134-square-foot retail center in Corona, Calif. Plans include the renovation of the center.