An affordable housing complex in Pasadena has sold for $223 million.
Brentwood-based Pacshore Partners has purchased a 152,834-square-foot office building in the Burbank Media District for $90.5 million. Granite Properties sold the 10-story building, dubbed 2600 Olive.
Brentwood-based Rexford Industrial Realty Inc. has acquired five industrial properties for $125.9 million and has sold one for $11.7 million.
The office leasing market has rebounded since the start of the Covid-19 pandemic.
Malibu-based real estate sponsor and manager Christina Development Corp. has closed its Christina Real Estate Investors 4 fund, for which it raised $44.1 million from more than 150 investors.
Duke Realty has purchased a 3.2-acre distribution facility at 468 S. Humane Way in Pomona, which the company considers to be part of the San Gabriel Valley industrial submarket.
Armata Pharmaceuticals Inc. has leased a new headquarters building at 5005 McConnell Ave. in Del Rey.
Real estate veteran Thomas Ricci is co-founder of Coretrust Capital Partners, which owns and operates large office properties such as 444 S. Flower St. downtown and Pasarroyo in Pasadena.
File this one under Did Not See That Coming. On Nov. 17, Anschutz Entertainment Group, the company that owns and operates Staples Center, announced that the iconic arena — home to the Los Angeles Lakers, Clippers, Sparks and Kings — will soon be changing its name to Crypto.com Arena.
The multifamily market in Burbank has been heating up with a substantial acquisition and loan announced this month.
USC has purchased a 75,272-square-foot building on its Health Science Campus for $57 million.
Playa Vista-based real estate investment firm DB Capital Management is increasing its attention outside of California, lining up deals in other states where it views the risk as lower.
A 199,860-square-foot historic building in downtown has received a $10.7 million loan to refinance.
A business park on nearly 4 acres in Pomona has sold for $6.8 million.
The properties have a combined 155 units.