Congo Valley
affice tenants took 77,921 square feet of market during the quarter, bringing the vacancy rate down to 21.8 percent. Asking rents at $2.73 per square foot, up 2 cents from the previous quarter. In the industrial market, vacancies rose to 3.2 percent.
main events
- Atara Biotherapeutics entered into cooperation with Fujifilm Corp. To obtain the right to operate the Atara facility at 2430 Conejo Spectrum St. for $100 million.
- The 202,241-square-foot warehouse at 6000 Condor Drive in Moorpark sold for $50.7 million. American real estate consultants Bought the 202,421 square feet site, which is fully leased Amazon.com Inc.
- EQ مكتب office SOLD OUT 5601 Lindo Canyon Road in Westlake Village for $32 million to the developer Commercial real estate..
- Harbor Associates And Jimdale United States of America Acquired Agoura Hills Business Park for $29.7 million.
Santa Clarita Valley
aVacancies rose 1 percent to $2.68 per square foot in the first quarter, even as vacancies jumped to 20.8 percent. Office tenants returned 31,272 square feet. In the industrial sector, the vacancy rate was 0.3 percent, and rates jumped 30 cents to $1.34.
main events
- Industrial property in Rexford It acquired a 214,436-square-foot warehouse at 24903 Avenue Kearny in Santa Clarita for $58.5 million, part of a five-piece sale portfolio valued at $170 million.
- Harbor Group International And Azure Partners It has entered into a joint partnership to acquire Jefferson Vista Canyon, a 480-unit mixed-use development in Santa Clarita. JPI was the seller.
- A 7,383 square foot single-story office building at 28,015 Smyth Drive in Highridge Business Park in Valencia has sold for $2.7 million.
- North Los Angeles studios Signed an advance lease agreement at 29051 Avenue Valley View.
Antelope Valley
a A total of 54,452 square feet of industrial space in Upper Desert were sold or leased during the quarter. The vacancy rate in the sub-market increased to 3.7 percent, compared to 2.6 percent in the fourth quarter. Industrial rents rose 10 cents to 95 cents per square foot.
main events
- Exan Capital It paid $59.7 million for a renovated warehouse located at 600 W. Technology Drive in Palmdale. The site is fully leased to Amazon.com Inc.
- Tigon Ranch Company He sold a 12-acre plot of 250,000 square feet of industrial development within the Tejon Ranch Mall. was the buyer Dedeaux properties.
- Dallas based industrial developer Covington Group He purchased a vacant 77-acre site in Palmdale for $6 million from an undisclosed seller. Covington Group plans to build a 1 million square foot or larger industrial warehouse to specifications on site, which is located at 400 W. Avenue M, just west of Palmdale Regional Airport.
San Fernando Valley
aTenants charged 140,538 square feet during the first quarter, according to Colliers data. As a result, vacancies rose to 17.3 percent, compared to the fourth quarter of 16.9 percent, making it higher than it was a year ago at 16.7 percent. Rental demand remained flat at $2.67. In the industrial market, 746,048 square feet were sold or rented during the quarter.
main events
- Unibill Rodamco Westfield He sold the 34-acre site of the former Westfield Promenade in Woodland Hills to private investors for an undisclosed price.
- Butler Family Fund The buyer has sold the old Catalina Yachting Building in Woodland Hills for $61 million 9th owner of WF Catalina. The real buyer is rumored to be the real buyer of the two-story, 187,000-square-foot industrial building with 60,000 square feet of office space, which sits on 9.3 acres, Amazon.com Inc. , which is supposed to use the site as an Amazon Studios production facility.
- nMS . properties She sold a pair of multifamily properties with 140 units in Northridge for $52.5 million. The bodies were sold at 9710 Zelzah Ave. and 17819 Superior St. Bascom Group.
- The 231,769-square-foot flexible campus within Chatsworth Business Park has been sold to Industrial property in Rexford for 42 million dollars. The two buildings – located at 21415-21615 Plummer Street in Chatsworth – are 85 percent leased. When the lease expires, Rexford plans to demolish the structures and create two warehouses.
- NMS خصائص Characteristics An 80-unit condominium at 21021 Vanwin Street in Canoga Park has sold for $30 million Domino Realty.
- A stand-alone warehouse in North Hollywood sells for $3.1 million. The 7,899-square-foot industrial building is located at 7306 Varna Ave. On a plot of land designated m2.
- Retail sale of property at 5780 Canoga Ave. in Woodland Hills for $9 million in an off-market deal. buyer Bollor Associates Use the deal as part of the 1031 exchange and get a value-added opportunity with your purchase. was the seller flamingo investments.
- Based in Pittsburgh Howmet Aerospace Sold 104,903 industrial buildings at 12975 Bradley Street in Sylmar for $24 million to a Dallas-based company Xebec real estate partners.
Burbank and Glendale
a Slightly more space is available in Burbank as tenants returned just 691 square feet during the quarter, keeping the vacancy rate stable at 8.2 percent. Office rents rose 24 cents to $4.27, the highest in the Valley region. Meanwhile, in Glendale, vacancies rose to 23.8 percent with tenants vacating 65,668 square feet. Rents for Glendale offices rose 3 cents to $3.22.
main events
- Industrial property in Rexford He purchased an 117,000 square foot industrial building located near Glendale at 2800 Casitas Ave. In an off-market deal for $43 million. Rexford acquired the property from Pan Am Equities, which bought it in 2016 for $22 million with the aim of redeveloping it into a multi-family residential property.
- Swift Real Estate Partners It paid $92.5 million to Reframe Studios, a film production studio under construction in the village of Atwater near Glendale. The 7.3-acre campus is at 4561 Colorado Blvd. , which will total approximately 189,000 square feet, is currently undergoing an adaptive reuse conversion process into an acoustic and creative office space. The project has a completion date of 2023.
- Glendale Marketplace, a 154,049-square-foot urban retail center located in Glendale, has been sold for $64.1 million. EB Arrow Sold Retail Center, located on 2.2 acres at 106-146 S. Brand Blvd. , to a Chicago-based retail-focused real estate company Pine tree. Glendale Market Place, which leases 94.8 percent, has among its tenants Ross Dress for Less, LA Fitness, HomeGoods, Five Below, Buffalo Wild Wings and Old Navy.
