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Rexford Industrial Realty Inc. has paid $58.7 million for a 27,636-square-foot industrial property and two development sites in Southern California, in separate transactions. The Los Angeles REIT funded the purchases using a combination of cash on hand and operating partnership ...
Lincoln Avenue Capital has paid $101.8 million, or $287,570/unit, for Waterstone, a 354-unit apartment property in Chatsworth, Calif. The New York investor purchased the property from Nuveen Real Estate, which had acquired it in 2016 for $72.5 million. CBRE represented Nuveen ...
The property is encumbered by a $27.6 million loan that California Bank & Trust had provided last May.
Commercial Observer Intercontinental Real Estate Corp. has paid $74 million, or $333.57/sf, for a 221,842-square-foot distribution facility at 20730 Prairie St. in Chatsworth, Calif., that is fully leased to Amazon.com Inc. The Sherman Oaks, Calif., investment and development company purchased ...
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