Los Angeles
Kidder Mathews Brokers 429 KSF Industrial Facility
Prologis Inc acquired the 29.2-acre site from Downey Industrial Center LLC. Kidder Mathews will continue to be the manager of the property.
NewMark Merill Buys Placentia Town Center in CA
CBRE supported the buyer and Newmark Knight Frank represented the seller in the deal. NewMark Merill owns a portfolio of more than 78 shopping centers in Colorado, Illinois and California.
Lucky Brand Renews Lease for $4M in DTLA
Savills Studley represented the tenant in the deal. Lucky Brand has renewed its lease at Factory Place for five years for a total of 25,000 square feet.
U.S. Realty Snags $57M CA Shopping Center
The 334,939-square-foot Murrieta Town Center, a value-add community shopping center in Murrieta, Calif., is currently 81 percent leased. HFF represented the seller in the transaction.
West LA Office Asset Lands $33M Refi
Quantum Capital Partners arranged a CMBS loan for a 107,000-square-foot West Los Angeles office building. The real estate capital advisory firm represented the landlord, a a joint venture between Sunrise Real Estate Group, Robhana Group and 4M Investment Group.
Historic Grand Central Square Changes Hands in LA
The 100-year-old mixed-use building features Grand Central Market, one of the city’s top dining destinations. The buyer, Langdon Street Capital, plans to enhance the property’s hospitality experience.
ARA Brings Senior Director on Board in LA Office
Industry veteran Doug Vikser will spearhead the company’s capital markets team while focusing on originating structured debt and preferred equity investments.
NKF Arranges Sale of South LA Office Campus
Wilshire Capital Investments acquired The Knox, a 108,000-square-foot office campus in Torrance, Calif., from Ruth Group. At the time of sale, the asset was 98 percent occupied.
LA-Area Retail Center Sells for $38M
Weingarten Realty sold the 92,000-square-foot retail asset. More than half of its tenants are entering their 22nd year of contract. NKF represented the seller.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.