10 Highest Grossing Sales for Commercial Real Estate Transactions in LA County - Q1 + Q2 of 2019

10 Highest Grossing Sales for Commercial Real Estate Transactions in LA County - Q1 + Q2 of 2019

The following is a list of the ten most expensive commercial real estate transactions that were not part of a portfolio in Los Angeles County for Q1 + Q2 of 2019.

The list was compiled from information provided by CoStar, and includes buildings in office, mixed-use, multifamily and hospitality categories.

10. 777 S Aviation Blvd 777 Aviation El Segundo, CA 90245

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Class B Loft/Creative Space Building of 318,182 SF Sold on 6/21/2019 for $170,000,000

Buyer: Lionstone Partners, LLC 712 Main St Houston, TX 77002

Seller: Embarcadero Capital Partners LLC 1301 Shoreway Rd Belmont, CA 94002

Listing Broker

Madison Partners
12121 Wilshire Blvd
Los Angeles, CA 90025
Bob Safai, Matt Case, Brad Schlaak

9. 5800 Bristol Pky C3 Culver City, CA 90230

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Class A Office Building of 310,985 SF Sold on 5/31/2019 for $260,000,000

Buyer: PNC Realty Investors 800 17th St NW Washington, DC 20006

Seller: PNC Realty Investors 800 17th St NW Washington, DC 20006

Listing Broker

Newmark Knight Frank 2301-2321 Rosecrans Ave El Segundo, CA 90245

Kevin Shannon, Laura Stumm, Ken White

8. 520 Broadway Santa Monica, CA 90401

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Class A Office Building of 112,987 SF Sold on 6/12/2019 for $119,225,000

Buyer: Olive Hill Group, LLC 300 Corporate Pt Culver City, CA 90230

Seller: Olive Hill Group, LLC 300 Corporate Pt Culver City, CA 90230

Broker: No Listing Broker on Deal

7. 101 Continental Blvd Continental Tower El Segundo, CA 90245

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Class A Office Building of 346,168 SF Sold on 5/2/2019 for $138,500,000

Buyer: TA Realty c/o Tom Shapiro 28 State St Boston, MA 02109

Seller: VEREIT, Inc. 2325 E Camelback Rd Phoenix, AZ 85016

Listing Broker: Newmark Knight Frank 2301-2321 Rosecrans Ave El Segundo, CA 90245

Kevin Shannon, Ken White, Rob Hannan

6. 301 S Glendora Ave The Colony at the Lakes West Covina, CA 91790

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Class B Apartments Building 450 Units of 546,676 SF Sold on 6/28/2019 for $171,500,000

Buyer: MetLife, Inc. c/o MetLife 200 Park Ave New York, NY 10166

Seller: UBS Realty Investors LLC 455 Market St San Francisco, CA 94105

Listing Broker: Moran & Company 2211 Michelson Dr Irvine, CA 92612

Buying Broker: Moran & Company 2211 Michelson Dr Irvine, CA 92612

5. 6801 Hollywood Blvd Hollywood & Highland Center Los Angeles, CA 90028

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(Regional Mall) Building of 463,000 SF Sold on 8/2/2019 for $325,000,000

Buyer: DJM Capital Partners, Inc. c/o Dan Lee 60 S Market St San Jose, CA 95113

Seller: Abu Dhabi Investment Authority 211 Corniche PO Box 3600 ABU DHABI, U.A.E. 11111

Listing Broker: Eastdil Secured, LLC 100 Wilshire Blvd Santa Monica, CA 90401

4. 1230 S Olive St WREN Los Angeles, CA 90015

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Class A Apartments Building 362 Units of 543,000 SF Sold on 1/14/2019 for $180,100,000

Buyer: Mack Real Estate Development LLC 1150 S Olive St Los Angeles, CA 90015

Seller: AECOM 300 S Grand Ave Los Angeles, CA 90071

Listing Broker: JLL 10250 Constellation Blvd Los Angeles, CA 90067

3. 550 S Palos Verdes St 550 Harborfront San Pedro, CA 90731

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Residential Land of 2.45 AC Sold on 5/13/2019 for $186,000,000 - Sold for Land Value

Buyer: Holland Partner Group 1111 Main St Vancouver, WA 98660

Seller: North America Sekisui House, LLC c/o Ryan Guthrie 2001 Jefferson Davis Hwy Arlington, VA 22202

Listing Broker: JLL 601 Union St Seattle, WA 98101 Mark Washington

Buying Broker: JLL 601 Union St Seattle, WA 98101 Mark Washington

2. 620 S Virgil Ave Next on Sixth Los Angeles, CA 90005

Sales9.jpg

Class A Apartments Building 398 Units of 362,580 SF Sold on 8/16/2019 for $189,000,000

Buyer: Equity Residential 2 N Riverside Plz Chicago, IL 60606

Seller: Century West Partners 12121 Wilshire Blvd Los Angeles, CA 90025

1. 9200 Wilshire Blvd Beverly Hills, CA 90212

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Commercial Land of 0.94 AC Sold on 5/8/2019 for $130,000,000

Buyer: Bilgili Holding 206 Akaretler Besiktas Istanbul 34353

Seller: New Pacific Realty Corporation 499 N Canon Dr Beverly Hills, CA 90210

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