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• Trion Properties Acquires 26k sf Office/Retail Asset in Valencia
12/02/13
LA-based Trion Properties recently acquired a 26.2k sf office/retail property in Valencia for $6.9 mil, or roughly $264 per square foot. The seller was a family trust. The transaction was brokered by Josh Levy and Matt Dobson...
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• Cell Phone Distributor Involved in Two El Segundo Industrial/Flex Deals Totaling $9 Mil
11/26/13
Here are a couple of recent industrial/flex deal comps to report from El Segundo, one a lease and the other a sale.
In the lease, Millenium Space Systems agreed to a five-year deal worth $4.1 mil for 70.4k sf ($0.97/sf/mo) ...
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• Historic Sears Property in Downtown LA Sells
11/25/13
The historic Sears Roebuck & Co building just east of downtown Los Angeles in Boyle Heights has sold again. In this latest transfer, local apartment developer Izek Shomof acquired the 23-acre property at 2650 E. Olympic Blvd ...
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• Retail Leasing Takes Off at Runway
11/22/13
Recent leasing activity at Runway at Playa Vista has included the signing of six new tenants to the mixed-use center that will soon offer additional shopping, dining, entertainment and living space in Playa Vista. The new pro...
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• Santa Monica Landlord Uses Science to Fill Office Building
11/21/13
Science Inc, a technology incubator and investor, inked a 45-month lease for 16.2k sf of office space in Santa Monica. The building is located at 1447 2nd St, between Santa Monica Blvd and Broadway, just a short distance from...
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• New Brentwood Retail Property Lands Construction Financing
11/21/13
Blatteis & Schnur has obtained a $9.2 mil construction loan for a high-end, luxury, boutique retail center located in Brentwood. The loan, which was arranged by Sonnenblick-Eichner Company and secured from the regional office...
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• Draftsmen & Craftsmen
11/20/13
Construction was just completed on the interiors of the Villaraigosa Pavilion and Duty Free Shops (DFS) at Tom Bradley International Terminal (TBIT) at Los Angeles International Airport (LAX). Westfield Concession Management...
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• Meta Housing to Move Forward With Three LA Multifamily Developments
11/18/13
Meta Housing Corporation has secured the financing necessary to break ground on three new multifamily developments in Los Angeles County, totaling 160 units, including two affordable senior apartment communities and one affor...
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• CBRE Arranges $15 Mil Credit Facility on Diamond Bar Retail Property
11/15/13
Shaun Moothart of CBRE arranged a $15 mil credit facility on behalf of a local investor and operator of Diamond Creek Shopping Center, a 121.8k sf, grocery-anchored retail center located in Diamond Bar. The fixed-rate loan wa...
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• LA Office Market Shows Little Movement in Leasing Activity
11/14/13
Although the Westside of Los Angeles continues to benefit from the expansion of entertainment, digital media and tech companies, overall office leasing activity remains moderate. Limited expansion has translated into a neglig...
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• Apartment Building in Brentwood Sells for $420k/Unit
11/14/13
An 18-unit apartment building located in the Brentwood area of West Los Angeles recently sold for $8.5 mil, or $472.2k/unit. The property is located at 12110 Rochester Ave, north of Santa Monica Blvd on the west side of Bundy...
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• Charles Dunn Co Awarded Leasing Assignment for Retail Space in G.H. Palmer Associates LA Apartment Properties
11/13/13
G.H. Palmer Associates has selected Charles Dunn Company to market its portfolio of downtown Los Angeles retail space. The available space totals 95.3k sf and is located on the ground floor of six luxury apartment projects in...
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• West Los Angeles Office Campus Taken Over by Riot
11/12/13
Online game developer Riot Games Inc has agreed to a 15-year lease for the entire, 284k sf Element LA office campus located in West Los Angeles. Situated on just over 12 acres along West Olympic Blvd between Bundy Dr and Cent...
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• Wood Partners Completes 298-Unit Res Project in Warner Center
11/11/13
Warner Park, a $75 mil luxury apartment community in the Warner Center area of the west San Fernando Valley, was just completed and has opened to the public. The amenity-rich project is situated within walking distance of thr...
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• 47k sf Office Property in Calabasas Acquired by Owner/User Insurance Company
11/11/13
A 46.9k sf, two-story office building within the Calabasas Commerce Center sold for $9.5 mil, or about $203/sf. The building, located at 26050 Mureau Rd, was purchased by a public insurance company, which plans to house its o...
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• Davis Wright Tremaine LLP Renews in Downtown LA
11/08/13
Davis Wright Tremaine LLP renewed its lease for 43.8k sf of Class A office space at 865 South Figueroa St in downtown Los Angeles. The international full service law firm occupies the full 24th and 25th floors and a portion o...
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• Investor Pays $233k/Unit for Hollywood Apartment Asset
11/07/13
In a recent Hollywood-area multifamily buy, R.O.M. Investments Inc purchased 1400 Edgemont, a 42-unit apartment complex, for $9.8 mil ($233.3k/unit). Built in 1988 and located at 1400 North Edgemont St, the property is situat...
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• TEXAS - LA Real Estate Funds Manager Opens Houston Office
11/05/13
Los Angeles-based Del Rey Urban Capital LLC, a real estate fund manager and advisory firm focused on acquiring and financing distressed residential properties, has established a satellite office in Houston to acquire and mana...
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• New West Hollywood Res Property Fit for Kings
11/04/13
Empire at Kings, a 25-unit apartment development by Empire Property Group, has been completed and is now leasing. Located at 1232 N. Kings Rd, Empire at Kings features 25 one‐, two‐ and three‐bedroom high...
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• RealShare Apartments 2013 Conference a Big Success
11/01/13
RealShare Apartments 2013, the flagship multifamily conference put on by ALM’s Real Estate Media Group, was a resounding success, attracting 2000 attendees from across the country – largely owners, investor, developers, finan...
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