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Montebello Chevron Trades for $3,550/sf 8/15/12 A single-tenant, retail property occupied by Chevron in Montebello sold for $1.822 mil, which averages out to a whopping $3,550/sf, said to be the highest price-per-square-foot for a service station in California over the pas...
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BRE Properties Gets Underway with Major Mixed-Use Project in LA’s Miracle Mile Area 8/14/12 BRE Properties has broken ground on a $105 mil, mixed-use project in a very desirable mid-city location in Los Angeles. The six-story, 800k sf development is located at the intersection of Wilshire Blvd and La Brea Ave, at th...
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Trio of Santa Monica Apt Sales Generate Top Price Per Unit Numbers 8/10/12 Here’s the scoop on three recent multifamily property sales in Santa Monica totaling $9.75 mil and which were brokered, at least in part, by Kimberly Roberts Stepp, senior managing director with the Charles Dunn Company. The ...
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Calabasas Investment Market at Peak Performance after Recent Sale 8/10/12 A 46.3k sf office building in Calabasas was purchased by a private investor for just over $7 mil ($151/sf). The property, located at 26025 Mureau Rd, east of Las Virgenes Rd and just north of the 101 Fwy, is the fourth and fi...
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Local Owner Acquires 35k sf Development Site in LA’s Koreatown 8/09/12 A 34.8k sf, three-parcel lender-owned development opportunity located in Los Angeles’ Koreatown neighborhood recently sold for $5.1 mil ($146/sf). The property, located at 660-680 South Berendo St, west of Vermont Ave and jus...
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Industrial Tenant Inks Renewal at 165k sf Valencia Facility 8/09/12 Arvato Digital Services has renewed its lease at a 165.1k sf industrial property in Valencia. The new five-year deal is worth $6.3 mil, or about $0.64/sf/mo.
The property is located at 29011 Commerce Center Dr, west of I-5 ...
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Four West LA Apartment Properties Sold for First Time in More than 20 Years 8/08/12 A portfolio of four multifamily properties in the Brentwood and West Los Angeles communities of Los Angeles has sold in separate transactions totaling more than $12 mil. The apartments had not traded in at least 20 years and ...
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Lucent Capital Arranges $10 Mil on Beverly Hills Distressed Office Building 8/08/12 Lucent Capital has arranged a $10 mil senior bridge loan for the repositioning of a distressed office building in Beverly Hills. The five-story, 45k sf Class B property is located at 400 South Beverly Dr at Olympic Blvd. It w...
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Retail Briefs 8/08/12 WEST LOS ANGELES (Los Angeles County) -- A 5k sf, single-tenant leased building located at 11975 Santa Monica Blvd and occupied by Chase Bank sold for $7.51 mil. The price per square foot of the building was $1,500.00, which...
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Rancho Dominguez Facility Leased by Logistics Company 8/07/12 Davis Trucking LLC leased a 57.6k sf warehouse/distribution facility in Rancho Dominguez. The company, which is relocating from Carson, signed a seven-year deal worth $2.8 mil, or about $0.58/sf/mo.
Davis Trucking has alrea...
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Pair of Hollywood Office Sales Total to Over $12.5 Mil 8/06/12 Champion Real Estate Company sold two office buildings totaling 36.1k sf of space in Hollywood for a combined $12.58 mil. In one of the transactions, JMS Ventures paid $8.1 mil for a 24k sf property located at 6735 Selma Ave,...
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Investor Spends Over $10 Mil on Two San Fernando Valley Apartment Properties 8/03/12 Carlyle Court was constructed in 1971 and is comprised of 40 one‐bedroom/one‐bathroom units and eight two-bedroom/one‐bathroom units. The property consists of 33.5k sf and is situated on a 52.3k sf lot. The ...
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Santa Monica Building Sells for $423/sf 8/02/12 Sumo Properties paid $6.3 mil for a 14.9k sf ($423/sf) building in Santa Monica. The property is located at 1617 Broadway, just blocks from the vibrant 3rd Street Promenade and the ocean.
The building currently is 100 perce...
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BH Properties Completes 280-Unit AZ Multifamily Buy 8/02/12 BH Properties has acquired Smoke Tree Apartments, a 280-unit multifamily property in Phoenix, AZ, for approximately $7.25 mil ($25.9k/unit). The property is the company’s seventh apartment acquisition in the Phoenix area in t...
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Kilroy Closes $79 Mil Hollywood Office Buy 8/02/12 West LA-based Kilroy Realty Corp (KRC) closed a big Hollywood office buy, having paid $79 mil for Sunset Media Center, a 22-story, Class A office building located at 6255 Sunset Blvd, one block east from the iconic corner of ...
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OneLegacy Inks $11 Mil Expansion/Renewal lease in Downtown LA 8/02/12 OneLegacy, a non-profit organ and tissue recovery organization, recently signed off on an expansion/renewal lease worth $11 mil in Downtown Los Angeles. This lease marks a total of $30 mil in leasing activity with non-profit ...
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Stutman, Treister & Glatt Renews Century City Office Space 8/01/12 In a recent West LA office comp, the law firm of Stutman, Treister & Glatt agreed to a new 10-year deal for their 25k sf space at 1901 Avenue of the Stars, just south of Santa Monica Blvd in Century City. The boutique, bankru...
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Downtown LA High-Rise Earns LEED Platinum Certification 8/01/12 Ernst & Young Plaza, a 41-story, 1.2 msf high-rise office tower located at 725 Figueroa St in downtown Los Angeles, received LEED Platinum certification, the highest level achievable, in the Existing Buildings: Operations & M...
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Peregrine Realty Partners Pays $27.7 Mil for El Segundo Office Building 7/31/12 Peregrine Realty Partners has acquired a 106k sf, Class A office building in El Segundo, for $27.7 mil ($261/sf). Located at 2401 East El Segundo, the property is situated across the street from the Los Angeles Air Force Base...
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It’s Going to Be 72andSunny for the Next 12 Years in Playa Vista 7/30/12 By Allen Wolfsheimer
The newest tenant at The Hercules Campus at Playa Vista is 72andSunny, an advertising/design firm that agreed to a 12-year lease for 58k sf of space at the former Hughes Aircraft Company headquarters. 72...
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