Walmart doesn’t seem to be fazed by the Inland Empire’s shaky industrial market fundamentals. The Arkansas-based retail giant has purchased its distribution facility in Riverside for $223 million, L.A. Business First reported.... Read more »
A single-family home in Los Feliz is poised to give way to an affordable housing building. An application filed with the Los Angeles Department of City Planning outlines a proposal to demolish... Read more »
A decommissioned school campus in Baldwin Park is poised for redevelopment into housing. Storm Properties is pursuing the construction of 104 townhomes at the former Florence Flanner School site at 1314 Le... Read more »
JLL Capital Markets arranged $26 million in bridge financing for a 7.75-acre industrial outdoor storage facility at 1477 N. Jefferson St. in Anaheim. Senior director Peter Thompson, associate Kyle White and analyst Nick Englhard worked... Read more »
Once home to fashionista Yolanda Hadid and music producer David Foster, a Malibu property impacted by the Palisades fire has sold for $6.5 million. The house on the parcel, which appeared on... Read more »
JLL has completed the sale of a fully entitled 12.14-acre industrial site, located on East Vermont Avenue in Anaheim, to Western Realco for $40.7 million. Western Realco will immediately begin demolition and construction to... Read more »
BLT Enterprises has acquired a 19.4-acre industrial site close to Carlsbad Research Center at 2470 Faraday Ave. in Carlsbad for an undisclosed sum. The property contains two existing manufacturing facilities and offers the potential for future development, according to Lukas Huberman, VP & director of acquisitions at BLT Enterprises. “This acquisition... Read more »
Trident Capital Partners, a boutique real estate debt fund and private REIT, has provided $3 million in financing for the site of a future Tesla Supercharger station in Los Angeles. The 18-month, full-recourse loan... Read more »
Marcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens. David Cornejo, Shaun Riney and Sean Fopeano of Marcus & Millichap’s New York City office, represented the seller, Werwaiss Properties, and procured the... Read more »
Newmark completed the $38.2-million sale of 10918-10926 Le Conte Avenue, a 1.16-acre land site with a 9,647-square-foot office building in Westwood. Newmark executive managing director Ryan Plummer and WESTMAC EVPs Willa McNamarra... Read more »