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• SoCal Sales Comp Review
11/05/12
In this report, we’ll cover a trio of recent SoCal sales, in Montebello, Monterey Park and Ventura. Two of the sales were for industrial properties while the third was for a 12.5k sf office property. The transactions ranged f...
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• Work Gets Underway on New $74 Mil LA County Metro Operations Facility
11/02/12
The Los Angeles County Metropolitan Transportation Authority (Metro) has begun work on a new $73.5 mil Metro Division 13 Bus Maintenance and Operations Facility. Designed to optimize the agency’s bus transit service throughou...
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• $15.75 Mil Dev Site Sale Will Bring Touch of Holland to Glendale
11/02/12
Holland Partners acquired a 1.38-acre development site in downtown Glendale for $15.75 mil, or about $260/sf. The company intends to develop a mixed-use project consisting of 235 res units along with 12k sf of ground-floor re...
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• Expansion Deal Brings Torrance Facility to Fully Leased
11/02/12
Prologis Topside Distribution Center, a 107k sf industrial property in the city of Torrance, is now fully occupied following a recent expansion lease by Alpine Electronics of America, an existing tenant at the facility. Terms...
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• Century West Partners Pays $590/sf for Santa Monica Retail Building
11/02/12
A 22k sf retail building in Santa Monica currently occupied by Joann’s Fabrics and Crafts sold for $13 mil ($591/sf). The building, situated on a 36.5k sf site at 1637 Lincoln Blvd, between Broadway Ave and Olympic Blvd, was ...
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• West LA Multifamily Asset Sells for $12.5 Mil
10/31/12
In a notable multifamily buy from LA’s Westside, a private investor paid $12.5 mil for Culver Vista Apartments, a 65-unit ($192.3k/unit) property located at 11730 to 11846 Culver Blvd, south of Washington Blvd and west of the...
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• As LA’s Economy Improves, Retail Should Follow
10/31/12
Los Angeles employers added more positions in the second quarter than during any other three-month period over the last decade — an indication that the county’s economic recovery could be gaining traction, which will support ...
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• San Diego Investor Pays $300/sf for Redondo Beach Retail Property
10/31/12
King Harbor Plaza, a 13.1k sf retail strip center located within an Albertsons-anchored shopping center in Redondo Beach, recently traded hands at a price of $3.91 mil, or $299/sf. The property, acquired by a San Diego-based ...
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• Pearlmark Real Estate Partners and Pacific Equity Properties Refi Tarzana Retail Center
10/30/12
Pearlmark Real Estate Partners and Pacific Equity Properties have obtained a $34.8 mil first mortgage refi loan on Village Walk, a 146k sf retail center in Tarzana. The new loan was originated by Ronnie Gul of Mesa West Capit...
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• West LA Building Sells for a Good Reason
10/30/12
Reason Foundation purchased a 6.1k sf building in West Los Angeles for $2.4 mil, or about $393/sf. Reason, a non-profit organization, will expand its operations and establish an independent headquarters at the building, locat...
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• Charles Brown Installed as New President of IREM Los Angeles
10/30/12
At a ceremony last week at the Dorothy Chandler Pavilion in downtown Los Angeles, Charles Brown, was installed as the new President of the Institute of Real Estate Management, (IREM) Los Angeles chapter. This chapter boasts ...
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• San Fernando Valley Apartment Portfolio Fetches $29 Mil
10/30/12
A real estate investment group completed the sale of a six‐property, 265‐unit multifamily portfolio in the San Fernando Valley. The properties were sold separately in transactions that totaled about $29 mil and th...
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• Del Rey Urban Looking for Distressed SoCal Res Investment Opportunities
10/26/12
Del Rey Urban Capital LLC is looking to invest over $10 mil to acquire distressed, foreclosures, and at-risk residential properties. The national investment firm tends to focus on distressed residential properties in Southern...
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• Connie Hwang Joins Avison Young as Regional Research Director for SoCal
10/26/12
Connie Hwang has joined Avison Young as the Regional Research Director of Southern California. Effective immediately, Hwang will provide the region’s three SoCal offices with market intelligence, custom research, and speciali...
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• Berkeley Point Capital’s Santa Monica, CA Loan Origination Team Expands with the Hiring of Alex J. Katz
10/25/12
by Janelle Cooper
Bethesda, MD – Alex J. Katz recently joined Berkeley Point Capital LLC as a Director in its Santa Monica, CA office. The addition of Alex to the Santa Monica origination team follows a significant expansion in the firm’s S...
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• $46 Mil Renovation in Progress at Manhattan Beach High School
10/25/12
A major, $45.8 mil renovation and expansion is underway at Mira Costa High School, the Manhattan Beach Unified School District's only high school. Bernards is the general contractor, while Harley Ellis Devereaux is the archit...
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• Hollywood Walk of Fame Building Listed for $38 Mil
10/25/12
An historic 45k sf, three-story mixed-use building located on along Hollywood’s iconic “Walk of Fame” has been listed for sale with an asking price of $38 mil, or $844/sf. Built in 1921 and completely renovated in 2009, the b...
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• Santa Clarita Shangri-La Sells for $10 Mil
10/24/12
The Center at Shangri-La, a 53.7k sf shopping center in Santa Clarita, sold for $10 mil ($186/sf). The center is located at 18635 Soledad Canyon Rd, approximately 35 miles northwest of downtown Los Angeles.
Co-anch...
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• Unique Malibu Dev Site Offered for Sale
10/24/12
Malibu Residential Housing Group LTD has listed for sale an investment opportunity consisting of approximately 9.2 acres of land located in the heart of downtown Malibu. The asset, which is offered at $14 mil, is currently zo...
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• Investors Trade 57k sf City of Industry Industrial Property
10/23/12
Walnut Business Center, a 57.4k sf industrial property in the City of Industry, sold for $6.6 mil ($115/sf). Built in 2001, the property is located at 19555-19575 E. Walnut Drive South, south of I-60 and west of Fairway Dr.
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