Tag Archives: los angeles

Brick Warehouse For Sale – 135,000 SF, Los Angeles

img_2588Former American Apparel Facility.
Classic Brick Buildings, BowTruss Roof Roof, Great Natural Light.
Creative Campus conversion: art gallery, live/work.
Warehouse, Manufacturing, or Cannabis/Cultivation Uses.
Skylights, Sprinklers, Gated Parking.
Adjacent to Slauson Central Retail Plaza: Starbucks, Fatburger, etc.
10 minutes south of DTLA Arts District.
For sale. img_2520

aerial-brochure-birds-eye-1020e59th

 

LEASED – 18,300 SF Food Processing Building in Los Angeles

An 18,300 square foot food processing building was leased this month to a vegan meal prep and delivery company based in Los Angeles. They needed this space for their expanding business of shipping prepared meals across the country.

los angeles food processing building with floor drains, cooking hood, washable walls, cooler
Downtown L.A. food processing building with floor drains, cooking hood, washable walls, cooler.

The facility was previously occupied by Revolution Foods who prepared school lunches here for Los Angeles charter schools. The new tenant signed a long term lease and will make some improvements to the space. BROCHURE-SitePlan 1715 E 21st LEASED

Bakery Building, Wholesale / Retail – For Sale

4462 E Olympic 20150828 11Bakery with Kitchen & Hood. 200 SF Cooler, Grease Trap, Floor Drains, Ovens. Flexible CM Zone. Fenced Parking Lot. At 710 & 5 Freeways & McDonald’s adjacent

Converted to bakery in 2008. Possible commercial kitchen, commissary, food processing, meal delivery, beverage, market. Restaurant/Food Processing Wholesale health permit.
Unincorporated LA County; no city taxes.  BROCHURE-SitePlan-Photos.

CMBS Delinquencies Soar, Industrial Defaults Low Compared to Hotel, Multi-Family, and Retail


CMBS issuance, industrial, retail, hotel, office

The secondary market for commercial real estate is just beginning to show new life, with the first successful sale of a commercial mortgage-backed securities (CMBS) package in over a year and several new issues in the wings spurred by the strong investor interest on that initial offering. But the positives of renewed activity are tempered by more bad news on the performance of those commercial bond deals made before the freeze.

According to a new report from commercial research provider Trepp, delinquent loans in commercial mortgage securities jumped 85 basis points to 5.65 percent at the end of November. That figure is up from just 4.8 percent a month earlier.

The delinquency rate was highest in the hotel sector, where defaults skyrocketed from 8.67 percent in October to 14.09 percent in November. According to Trepp, the upsurge came from a single Extended Stay Hotel loan. Without it in the mix, the hotel delinquency rate would have increased only 64 basis points, to a little over 9 percent.

Based on Trepp’s analysis, delinquencies on multifamily CMBS loans rose to 8.78 percent in November, up from 7.66 percent the previous month. All other sector’s showed slighter increases. Retail edged up from 4.53 percent to 4.78 percent. Industrial increased from 3.18 percent to 3.33 percent. Office loan delinquencies crept up from 3.08 percent to 3.14 percent.

Trepp says there were $65.2 billion in CMBS loans in special servicing at the end of November, an increase of $8.2 billion, or 14 percent, compared to October.  There are very few CMBS related distressed properties in the Los Angeles area.  from dsnews.com.  image from wsj