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November 12, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Greenberg Glusker Forms Restructuring and Workout Group
11/10/08
The law firm of Greenberg Glusker has formed a real estate restructuring and loan workout group to address current economic circumstances specific to the real estate industry. The group, comprised of attorneys from the firm’...
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• Theriac Buys Planned Facility in LA’s South Bay
11/07/08
Theriac Enterprises has acquired a yet-to-be-built 12.7k sf facility in El Segundo for $4.5 mil ($354/sf). The building, slated for completion in September 2009, is part of a new 200k sf development called The Edge at El Segu...
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• CIM Group to Move Forward with Trailer Park at Its Hollywood Office Tower
11/06/08
Entertainment marketing firm Trailer Park agreed to a lease for 60k sf of space formerly occupied by Macrovision Solutions Crop at 6922 Hollywood Blvd, the former TV Guide HQ building situated west of Highland Ave in Hollywoo...
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• Marcus & Millichap is Offering Two SoCal Retail Centers Priced Near $15 Mil
11/05/08
Buyers looking for retail investment possibilities might want to check out one or both of these SoCal properties, in Santa Ana and Northridge. They’re priced at $12 mil to $17 mil and are both listed by Marcus & Millichap. ...
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• Voit Handles Mid-Cities Industrial Deals
11/05/08
LA’s Mid-Cities area remains a high-demand area for man industrial businesses that are attracted to its central location in the Los Angeles Basin. In this report we’ll review four recent deals from the region, which total up ...
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• Urban Housing Group Breaks Ground on Monrovia Res Project
11/04/08
While condo conversion projects and new condominium developments have virtually come to a standstill, the need for new housing stock continues to be a pressing issue in many communities. In Monrovia, a new multifamily rental ...
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• Investor Grabs Santa Monica Corner Property Listed at Over $500/sf
11/04/08
A locally based investor acquired a 35.3k sf commercial property in Santa Monica, at 1550-1558 5th St and 417 Colorado Ave, on the northwest corner of 5th St and Colorado. It boasts a very desirable location, two blocks from ...
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• Watson Closes 267k sf Carson Industrial Buy
11/03/08
Watson Land Company purchased a 266.8k sf industrial building with eight acres of extra land in the city of Carson. The single-tenant property is located at 771 Watson Center Rd, south of E 223rd St and just east of Avalon Bl...
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• Draftsmen & Craftsmen
11/03/08
Studio Pali Fekete architects (SPF:a) recently master-planned and completed Phase I design work on the first of several private aviation facilities at the Van Nuys Regional Airport for Maguire Aviation. SPF:a created a very d...
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• Premier Business Centers Helps Companies “Right-Size” Office Space During Economic Turbulence
10/31/08
Over the past few months, the ongoing U.S. recession has forced many attorneys, mortgage companies, residential real estate, and financial and professional services companies to either vacate or consolidate their facilities. ...
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• Voit Sells Out Sun Valley Condo Project
10/30/08
Wheatland Commerce Center, a 72k sf multi-tenant property comprised of 24 industrial condominium units situated on 3.5 acres of land, has sold out. The project, a development of Voit Development Company, is situated in close...
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• Beverly Hills Office Building Refinanced with $29 Mil Defeasance
10/28/08
We don’t often report on defeasance transactions, however, we thought we’d let you know about a notable deal on the Westside of LA. A defeasance is a substitution of collateral in which a portfolio of government securities re...
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• Gangi Completes $14 Mil San Gabriel Valley Mixed-Use Project
10/27/08
Work on Vermont Avenue Lofts, a $14.2 mil mixed-use development in the city of Glendora, has been completed. The project, located at 130 N. Vermont Ave, just north of Foothill Blvd, sits but 100 yards from Glendora’s redevelo...
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• Palmdale Retail Center Generates $540/sf Price Tag
10/24/08
A private investor from Glendale paid $6.26 mil for an 11.6k sf ($540/sf) retail property in Palmdale. The property, which fronts a regional town center anchored by a Wal-Mart Supercenter, Sam’s Club, Kohl’s and Office Depot ...
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• Private Investor Soaks Up The Waterfront
10/23/08
In a very notable South Bay multifamily investment deal, a 161-unit Redondo Beach apartment complex was acquired by a private investor for $49 mil, or just over $304k/unit. The property, The Waterfront, is located at 211 Yach...
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• Wrightwood Capital to Acquire Hanover Financial’s Investment Fund Management Team
10/23/08
In the latest merger news from the commercial financing arena, Wrightwood Capital has acquired the Investment Fund Management team of Hanover Financial Company. The transaction includes the transfer of capital commitments fro...
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• New RENTV Executive Report: West Los Angeles Tenants in the Market
10/22/08
Find out what companies are looking around LA’s Westside for new space. RENTV’s just-posted West Los Angeles “Tenants in the Market” Executive report lists around two dozen companies said to be searching for new digs in and a...
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• It’s Time We TOLD You About Two West Valley Sales
10/22/08
A TOLD Partners brokerage team of Gary DiMartino, Michael Loewenstein and Bill Kogel was involved in two recent West Valley sales with a combined value in excess of $6 mil. In one of the transactions, they represented Northri...
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• Kennedy Wilson has a New Guardian
10/21/08
Beverly Hills-based Kennedy Wilson has completed an arrangement in which they’ve sold an ownership interest in the firm to a major outside organization. In this deal, The Guardian Life Insurance Company of America (Guardian),...
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• Susan Rorison Named President of Watt Commercial Properties
10/21/08
Susan Rorison has been named President of Watt Commercial Properties. Rorison will lead the strategic development, leasing and management services for the company’s 60 retail, residential, office and industrial properties th...
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