REAL ESTATE
Montana Avenue Capital Partners Acquires Burbank Media Campus for $24 Million
The six-building media campus at 2435-2449 N. Naomi St. has 60,177 square feet of space.
Burbank Apartment Development Gets $199 Million Loan
The development, at 777 N. Front St., will have 573 apartment units, 69 of which will be affordable units.
Sale-Leasebacks Poised to Continue Growth Trend in LA
Companies that own their own industrial real estate are seizing a lucrative opportunity: Sell your real estate under a sale-leaseback agreement and get an influx of cash to grow the business while remaining at that same property.
Self-storage Company Stuf Expands to LA With Two Area Locations
New York-based self-storage company Stuuf Inc., better known as Stuf, has made its L.A. debut with plans to expand in the region.
CVS-Anchored Property in Duarte Sells for $12 Million
A CVS Pharmacy Inc.-anchored property in Duarte sold for $12 million. The site is 19,497 square feet and sits on roughly 2 acres.
Hatchspaces, NexCore Joint Venture Plans Life Sciences Project in West LA
A joint venture between Sawtelle-based Hatchspaces and Denver-based NexCore Group has acquired a development site in West L.A.
Cityview, Clarion Partners Purchase Burbank’s Empire Landing for $161 Million
It has 41 three-story townhomes with two-car garages.
Arcadia Property Sells for $39 Million
The 38-unit property was built in 2019 and has 17,000 square feet of ground-level retail space.
Culver City Office Building Sells for $56 Million
The 111,384 square-foot office property is located at 3000 S. Robertson Blvd.
BH Properties Sees Rapid Growth With Creative Real Estate Investments
Sawtelle-based BH Properties has grown rapidly since it was founded in 1994.
Chargers Unveil Plans for New Headquarters in El Segundo
The Los Angeles Chargers have announced plans to build a new headquarters and practice facility in El Segundo at a cost of more than $100 million.
CIM Group Signs Lease With HBO, Purchases Office Campus Outside London
Mid-Wilshire-based CIM Group had a busy end to October, signing a large lease locally and making its first acquisition in the United Kingdom.
Online Marketplace RealReal Expands in Santa Monica
Luxury resale online marketplace operator RealReal Inc. has signed a lease for a new storefront in Santa Monica. The store is expected to open Nov. 19.
Vivo Expands to Torrance With Recent Hotel Acquisition
El Segundo-based Vivo Investment Group, which does business as Vivo Living, converts hotel rooms into apartments.
L.A. Rising: Hollywood Real Estate Sees Slate of Mega Projects
The mixed-use project will have 903 residential units, including 770 market-rate units and 133 affordable units for seniors.
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