Los Angeles
WeWork-Anchored LA Landmark Sells for $43 Million
Sorgente Group sold the Fine Arts Building, a historic 115,902-square-foot office property in the city’s Financial District, which hit the market in September 2016.
Cancer Center Underway in Riverside
HFF has arranged financing for a 27,000-square-foot medical office building to be developed by Pacific Medical Buildings. The property will be leased in full to RadNet Management Inc.
NGKF Strengthens LA County Presence With New Additions
Phil Brodkin will oversee the firm’s three Los Angeles offices, while brokers Eric Lastition and Geoff Ludwig join as executive managing directors in the firm’s El Segundo branch.
Douglas Emmett, QIA Expand With $353M Buy
The two buildings in Santa Monica were acquired from the Blackstone Group, which continues to sell off parts of its Equity Office Properties Trust portfolio.
Shamina Investments Nabs Oldest Hotel in Westwood LA
Thorofare Capital provided financing for the acquisition and renovation of the 53-key property built in 1939 by a local family.
CBC Advisors Opens New Ontario Office
The company also promoted Daniel Richards to managing principal of the Ontario region and Rene Ramos Jr. to senior vice president of industrial brokerage.
JLL Appoints Southwest Director of Research
Holding more than a decade of industry experience, Schiada specializes in real estate economics, industry trends and real estate forecasting.
Industrial Development Underway in Supply-Constrained Area
Daum Commercial arranged the sale of a 3.8-acre land parcel within the McInnes Ranch Business Park where E&E Trust plans to develop a warehouse distribution building.
Terreno Realty Acquires 1MSF South Bay Industrial Property
The 1989 property in Lynwood consists of three buildings just off Interstate 105 and is fully ground leased.
Sares-Regis Leases First Building in 508 KSF Industrial Park
Atara Biotherapeutics signed a 15-year lease for a 90,000-square-foot building in Conejo Valley. The developer broke ground on the project last month.