Los Angeles Commercial Real Estate News

Trader Joe’s Acquires Palmdale Site for 1M-SF Distribution Center

By Paul Bubny | July 11, 2023 GFI Realty Services closed on the $15.750-million sale of a 117.38-acre development site locate...Read more

Shopoff Realty Investments and Urban Pacific Group have created a joint venture to further advance Urban Pacific's Urban Town House build-for-rent concept

Shopoff, Urban Pacific Forge JV on Build-for-Rent Concept

By Paul Bubny | July 11, 2023 Shopoff Realty Investments and the Urban Pacific Group of Companies have created a joint ventu...Read more

Gelt Venture Partners promoted Josh Satin to partner and he will continue to lead the firm's investment strategy in his new role

Gelt Venture Partners Promotes Josh Satin to Partner

By Paul Bubny | July 10, 2023 Gelt Venture Partners has promoted Josh Satin to partner. Satin, who transitioned from a successful...Read more

An eight-unit apartment property in Sherman Oaks, CA sold at a record-high per-unit price for a rent-controlled apartment building in the 91403 zip code

Sherman Oaks Apartments Set Per-Unit Price Record

By Paul Bubny | July 07, 2023 An eight-unit apartment property at 4737 Kester Ave. in Sherman Oaks sold for $3,600,000....Read more

Lee & Associates completed a 10-year lease with Swing Set Productions for a creative office space located in the Airway Office Park in Long Beach, CA

Creative Production Studio Relocates to Long Beach

By Paul Bubny | July 07, 2023 Lee & Associates completed a 10-year lease with Swing Set Productions for a 10,812-square-foot ...Read more

JLL has hired office leasing expert Marin Turney as executive vice president in Los Angeles

Leasing Expert Marin Turney Rejoins JLL in LA

By Paul Bubny | July 06, 2023 JLL has hired office leasing expert Marin Turney as EVP. Turney will specialize in representing ...Read more

Weekly People & Company News for July 7

By Paul Bubny | July 06, 2023 First American Financial Corporation, headquartered in Santa Ana, appointed Jody Mulkey as chief t...Read more

BH Properties has launched a new investment initiative led by William Stoll, with a goal of building a $1-billion affordable housing portfolio

BH Properties Sets Sights on $1B Affordable Housing Portfolio

By Paul Bubny | July 06, 2023 BH Properties has launched a new investment initiative into affordable housing with a go...Read more

Silverstein Properties has secured a lease with Brown & Riding Insurance Services at U.S. Bank Tower in Downtown Los Angeles

Silverstein Signs Brown & Riding at DTLA’s U.S. Bank Tower

By Paul Bubny | July 05, 2023 Brown & Riding Insurance Services Inc., one of the largest wholesale insurance broker...Read more

LA City Council Exempts Affordable Projects from Site Plan Review

By Paul Bubny | July 05, 2023 The Los Angeles City Council has voted to exempt affordable housing projects from the Site Plan Rev...Read more

CIM Group has begun construction of a mixed-use development at 3045 Crenshaw Blvd. on the former north campus of West Angeles Church.

CIM Group Launches Development at West Angeles Church Campus

By Paul Bubny | June 30, 2023 CIM Group was joined by Pastor Charles Blake II, pastor of West Angeles Church of God in Christ, an...Read more

Colliers arranged the sale of the former Farmer John site in Vernon, CA on behalf of Smithfield Foods

Goodman North America Scores 29-Acre Farmer John Site in Vernon

By Paul Bubny | June 30, 2023 Colliers closed the sale of the Farmer John site, a large-scale 29-acre industrial infill site in V...Read more

Phase one has been completed on The Rise Koreatown, a mixed-use residential and retail project located in Los Angeles' Koreatown neighborhood

Phase One of Koreatown Mixed-Use Reaches Completion

By Paul Bubny | June 29, 2023 Cal-Coast Development Corp. and Rescore Property Corporation have completed phase one of The R...Read more

UCLA has acquired the historic Trust Building in downtown Los Angeles and will use it to expand its presence in DTLA

UCLA Acquires Historic Trust Building in DTLA

By Paul Bubny | June 29, 2023 UCLA has acquired the Trust Building, an 11-story, 334,000 square-foot high-rise near Pershing Squa...Read more

PeerStreet, an online platform for investing in real estate debt, has filed for Chapter 11 bankruptcy protection and plans to sell all its assets

Online Debt Marketplace PeerStreet Files for Chapter 11, Will Sell Off Its Assets

By Paul Bubny | June 28, 2023 Peer Street, Inc. and its affiliated companies, headquartered in El Segundo, have filed for protect...Read more

JRM Construction West completed a renovation of the U.S. Bank Tower’s 54th floor and a main lobby renovation for building owner Silverstein Properties

Silverstein’s U.S. Bank Tower Completes Renovations to 54th Floor, Lobby

By Paul Bubny | June 28, 2023 JRM Construction West completed a 12,000-square-foot demolition and renovation of the U.S. Bank Tow...Read more

Skanska has been selected to manage construction on two current projects by the San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy

Skanska Tapped to Manage Construction on SELA Cultural Center, Compton Park

By Paul Bubny | June 28, 2023 The San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy (RMC) selected Skanska Integ...Read more

CapRock Partners acquired an industrial outdoor storage facility in San Bernardino that also includes 31,000 square feet of warehouse space

CapRock Acquires Industrial Outdoor Storage in Pico Rivera

By Paul Bubny | June 27, 2023 CapRock Partners purchased Olive Tree Industrial, a 3.1-acre value-add industrial outdoor stor...Read more

TruAmerica Multifamily has refinanced more than 2,100 apartments in four states with agency loans totaling $300 million

TruAmerica Multifamily Refis Five Properties for $300M

By Paul Bubny | June 27, 2023 TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, added to a...Read more

CBRE closed the $21-million sale of 22501 Hawthorne Blvd., a 3.82-acre redevelopment site in Torrance, California to Intracorp Homes

Retail Site in Torrance Trades for Residential Redevelopment

By Paul Bubny | June 26, 2023 CBRE closed the $21-million sale of 22501 Hawthorne Blvd., a 3.82-acre redevelopment site in T...Read more

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