Los Angeles
Brookfield Acquires $440M Interest in Downtown LA Asset
The California Market Center is home to fashion industry showrooms, creative office spaces, event venues, fitness studios and beauty salons. the property was the first wholesale fashion showroom to open its doors on the West Coast.
Lee & Associates Arranges Sale of Van Nuys Film Studio
Esh Holder acquired the property for around $8.8 million in the tight Van Nuys submarket, which has an industrial vacancy rate below 1 percent.
Quantum Capital Secures $50M Retail Refi
The loans will refinance a Walmart-anchored shopping center in Torrance, Calif. and four fully leased retail buildings in Beverly Hills, Calif.
Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale
The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
Cypress West Gains Management of Cali Medical Center
Cotton Medical Center is an 115,000-square-foot medical office complex in Pasadena, Calif. The owner, Meridian has invested $5 million in capital improvements to the property which was purchased in 2016 for $37.5 million.
NGKF Brokers $59M Anaheim Office Building Sale
The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction.
Terreno Nabs $25M South Bay Industrial Asset
The 114,000-square-foot building in Gardena, Calif., is managed by CBRE and is fully leased to one tenant, GOH Express.
Life Storage Buys Two California Facilities
The self-storage properties in the Antelope Valley region of Los Angeles County include roughly 1,390 units and 182 RV storage spaces. Both facilities have freeway visibility.
Ground Breaks on $150M Mixed-Use Project in Suburban LA
The Vineyards will make its debut with the opening of its shopping center in late 2018, followed by the hotel and apartment complex in 2020.
Velocity Appoints CFO
Mark Szczepaniak brings 30 years of industry experience to the position, having held various senior financial services roles with both public and privately held finance companies.