An affiliate of Silver Star Real Estate has paid $49.7 million, or $338,095/unit, for the 147-unit Amber Ridge Apartments in La Verne, Calif., some 30 miles east of Los Angeles. To help fund its purchase, Silver Star lined up an ...
Multi-Housing News The 62-unit Coral Reef Apartments in San Gabriel, Calif., has been sold to a private investor for $14.7 million, or $237,096/unit. CBRE brokered the deal on behalf of the buyer and the undisclosed seller. The property, which sits ...
Rentv.com Omninet Capital has bought the 72-unit Maya Apartments in Los Angeles for $32.4 million, or $450,000/unit. The Beverly Hills, Calif., real estate investment company purchased the seven-story building, at 535 South Kingsley Drive, from Jamison Properties, which had developed ...
Commercial Real Estate Direct Staff Report PGIM Real Estate Finance has provided $195 million of financing against the Hilton La Jolla Torrey Pines hotel in La Jolla, Calif., and the Capital Hilton in Washington, D.C. The interest-only mortgage pays a ...
REBusiness Online Chicago-based 4S Bay Partners has bought a redevelopment site at 3731-3761 East Stocker St. in Los Angeles for $35 million. It purchased the 3.3-acre site from a venture of Sharp Capital and One Cole Group. The site consists ...
A $100 million stalking horse bid has been accepted by officials overseeing the sale of the 116-room L'Ermitage Beverly Hills Hotel that had been seized by the U.S. federal government. An auction will be held Aug. 19, with the minimum bid ...
Commercial Property Executive Rexford Industrial Realty has bought a portfolio of five industrial properties totaling 433,589 square feet in the Los Angeles area for $73.2 million, or about $168.82/sf. The sellers were not disclosed. The Los Angeles REIT purchased three ...
Blackstone Property Partners has agreed to buy a 49 percent stake in three production studios and five adjacent office properties in Hollywood, Calif., from Hudson Pacific Properties Inc. in a deal valuing the 2.2 million-square-foot portfolio at $1.65 billion, or ...
Alternative lender 3650 REIT has provided $36 million of bridge financing to facilitate the purchase, by Multi Opp LLC, of Hollywood Backlot Homes, a manufactured-home community in North Hollywood, Calif. The loan, with a 30-month term, was arranged by ...
The L'Ermitage Beverly Hills, a luxury boutique hotel with 116 rooms that was owned by Malaysian fugitive Low Take Jho, will be sold at an auction later this year. The property is being offered by the U.S. Department of Justice, ...
The Real Deal Brookfield Asset Management has bought two industrial properties with a combined 367,220 square feet in Carson, Calif., for $63.62 million, or $173.25/sf. The Toronto asset-management company purchased the buildings, at 2001 East Dominguez St. and 20740 South ...
Rentv.com Rexford Industrial Realty Inc. has bought a 158,000-square-foot industrial property at 1055 Sandhill Ave. in Carson, Calif., for $14.5 million, or $91.77/sf. The vacant buildings, about 17 miles south of downtown Los Angeles, will be demolished and replaced with ...
Multi-Housing News The 96-unit Valerio Village Apartments in Van Nuys, Calif., has been sold to an undisclosed buyer for $19 million, or $197,916/unit. KW Commercial represented the unidentified seller, which had acquired the six-building property in 2016 for $14.3 million. ...
Multi-Housing News The Ekins Family Trust of Valencia, Calif., has bought the 38-unit Parkview East Apartments in Sunland, Calif., for $11.7 million, or $307,894/unit. The buyer financed its purchase with a 15-year, $7.2 million loan from HomeStreet Bank. Sussex Capital ...
Commercial Property Executive Omninet Capital has bought the 194,908-square-foot Commerce Plaza office campus in Commerce, Calif., for $39 million, or $200.10/sf. The Beverly Hills, Calif., investment company purchased the two-building property, at 5601 East Slauson Ave. and 5701 South Eastern ...
Los Angeles Business Journal Black Creek Group has bought the 174,000-square-foot Gateway Logistics Center in Torrance, Calif., for $49.5 million, or $284.48/sf. A private family trust sold the industrial property and will continue to occupy it under a one-year lease. ...
Commercial Property Executive Federal Realty Investment Trust has sold to a private investor a 30,955-square-foot mixed-use property at 1 East Colorado Blvd. in Pasadena, Calif., for $16.1 million, or $520.11/sf. The transaction was financed with a $9.6 million loan from ...
The Real Deal Atlas Capital Group has bought a 346,000-square-foot office building at 101 South Marengo Ave. in downtown Pasadena, Calif., for $72 million, or $208.10/sf. The New York investment company purchased the six-story building from Woodridge Capital Partners, which ...
Multi-Housing News Northwestern Mutual has sold to an undisclosed buyer the 272-unit Artisan at East Village apartments in Oxnard, Calif., for $92.3 million, or $339,338/unit. The 15-building complex sits on 15.3 acres at 2060 Zocolo St., about 60 miles west ...
Baldwin Hills Crenshaw Plaza shopping center
Los Angeles Business Journal CIM Group has agreed to buy the 869,000-square-foot Baldwin Hills Crenshaw Plaza shopping center in Los Angeles for more than $100 million, or about $115.07/sf. The Los Angeles investment company is buying the retail property, at ...
Los Angeles Business Journal A venture of Stone Hill Capital, Downtown Holdings and Urban Center Holdings has purchased the 98,000-square-foot Inglewood Plaza shopping center in Inglewood, Calif., for $29 million, or $295.92/sf. The three-building retail property, at 3100, 3120 and ...
The building is fully leased by Lululemon Athletica and Joe & the Juice.
Hobart Gardens is fully leased. The deal was financing with a loan from MUFG Union Bank. Terms of loan were not disclosed.
New York Life Real Estate Investors has provided $69.6 million of bridge financing for the purchase and planned repositioning of the 151,289-square-foot office building at 2160 Grand Ave. in El Segundo, Calif. The three-story property recently was purchased for $63.5 million ...
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© 2023 Commercial Real Estate Direct All rights reserved.