The Real Deal CIRE Equity has paid $116 million, or $377.85/sf, for a pair of neighboring industrial buildings with a total of 307,000 square feet in Van Nuys, Calif. The San Diego private equity firm bought the properties from Link ...
The Real Deal East West Bank has paid $98 million, or $362.96/sf, for Western Asset Plaza, a 270,000-square-foot office property in Pasadena, Calif. The bank acquired the property, at 385 East Colorado Blvd., from Irvine Co., which bought it in 2012 ...
Yuejie Inc. has paid $28.18 million, or $337.49/sf, for the 83,500-square-foot industrial property at 1800 South Anderson Ave. in Compton, Calif. The freight forwarding company, represented by Kidder Mathews, acquired the building from CSME Partners LLC, which was represented by ...
West Capital Lending Inc. has paid $23.75 million, or $227.54/unit, for the 104,375-square-foot office property at 17911 Von Karman Ave. in the Los Angeles suburb of Irvine, Calif. The mortgage brokerage firm acquired the building from John Hancock Life Insurance, ...
L.A. Business First JPI has broken ground on the Portico mixed-use property that will have 272 apartment units and 188,000 square feet of retail space in Long Beach, Calif., a southern suburb of Los Angeles. The Dallas developer is building ...
Multi-Housing News Sumitomo Mitsui Trust Bank has originated $80.8 million of financing for the construction of Jules San Pedro, a 281-unit apartment property in Los Angeles. The property is being developed by a venture of High Street Residential of Dallas ...
The recently completed property is fully leased to Amazon.com Inc. through at least May 2039. It will generate $12.1 million of net operating income, which would result in a 5.72% capitalization rate on North Haven's purchase price.
Commercial Real Estate Direct Staff Report Carmel Partners has paid $141.38 million, or $579,426/unit, for the 244-unit Stella apartment property in the Los Angeles suburb of Marina Del Rey, Calif. The San Francisco investment manager acquired the property, at 13488 ...
The property was built in 1968 and has studio, one-, and two-bedroom units that range from 378 to 1,134 square feet and have monthly rents starting at $1,249.
Kennedy Wilson has paid $135 million, or $196,506/unit, for the Chadwick, a 687-unit apartment property in Los Angeles' Koreatown neighborhood. The Beverly Hills, Calif., investment manager acquired the property, at 209 South Westmoreland Ave., from LeFrak of New York. Kidder ...
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