Commercial Real Estate

Community Preservation Partners, an affordable housing preservation developer with offices in Irvine, announced the acquisition and planned renovation of Ramona Park, an affordable housing complex in Baldwin Park for $23.3 million.

Commercial real estate firm Hines acquired Pasadena Gateway Villas, a 140-unit apartment community located at 290 N. Hudson Ave. in Pasadena for $60 million.

Southern California industrial real estate sees potential leasing uptick amid higher import volumes & new laws. Explore vacancy rates, rental trends, and future development impacts.

For the city of El Segundo, a few people are making a huge “smash.”

A 50,000-square-foot distribution center located at 21300 Vanowen St. in Canoga Park was acquired for $16.3 million, or $326 per square foot.

Alta West Partners, Glendon Capital Management and an affiliate of A2 Capital Management acquired the 83,000-square-foot building at 3401 Del Amo Ave. in Torrance for $21.4 million.

The University of Southern California advanced its partnership with neighboring Hebrew Union College by purchasing a portion of the Jewish university’s Los Angeles campus for $35 million.

Irvine-based Shopoff Realty Investments acquired the office and distribution center at 5600 Beach Blvd. in Buena Park from Amway for $60 million.

JLL Capital Markets facilitates sale of the Silver Lake Collection in Los Angeles JLL Capital Markets has announced that it has arranged the $12.4-million sale of the Silver Lake Collection, a premier retail space located in Silver Lake.

Newport Beach-based JH Real Estate Partners acquired the 133,000-square-foot Village Walk Center in Pico Rivera from Vestar for $37.5 million.

Irvine-based The Bascom Group, LLC has acquired Highridge Apartments, a 257-unit value-add apartment community in the coastal community of Ranchos Palos Verdes.

A 34-unit apartment building known as Metropolitan Larchmont Village sold for $14.1 million, or $416,000 per unit.