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May 31, 2020
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LOS ANGELES COUNTY NEWS
Archive
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• Sherman Oaks Apartment Property Fetches $328k/Unit
7/29/09
We’ve got a couple of recent multifamily sales comps from the southeast San Fernando Valley report, in North Hollywood and Sherman Oaks. In Sherman Oaks, Moorpark Townhouse Apartments, a seven-unit multifamily property at 15...
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• Santa Monica Multifamily Property Fetches $328k/Unit
7/28/09
La Montana Apartments, a 23-unit multifamily property located in a desirable north of Wilshire Blvd location in Santa Monica, recently traded hands in a $7.55 mil deal, which works out to $328k/unit. The property is located a...
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• Ming Hong Closes King Kong-Sized Buy in San Gabriel Valley
7/27/09
In a very noteworthy industrial sale from the San Gabriel Valley, a 100k sf facility in the City of Industry was acquired by an owner-user for $7.4 mil ($74/sf). The building, located at 14730 Don Julian Rd, just east of 7th...
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• Nokia and Altman, Greenfield & Selvaggi Sign New Deals on LA’s Westside
7/24/09
In recent leasing activity on LA’s Westside, Madison Partners represented Equity Office Properties in a couple of notable transactions, one in Santa Monica and the other in West LA. In one deal, Nokia Inc, the global techno...
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• Vintage Capital Group Picks Up 370k sf Chunk of SouthBay Pavilion
7/23/09
In one of the larger retail sales we’ve reported in some time, a 370k sf portion of SouthBay Pavilion, a 1.1 msf regional mall in Carson, was acquired by Vintage Capital Group, out of Brentwood. SouthBay Pavilion is located a...
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• Advanced Bionics Advances Santa Clarita Office Market with 146k sf Lease
7/23/09
In what is being touted as the largest new office lease signed in Los Angeles County so far this year, Advanced Bionics inked a 10-year deal for Summit Oaks, a 146.4k sf building in Santa Clarita. The five-story structure was...
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• KTGY Group Recognized for Work on New Echo Park Project
7/22/09
The National Association of Home Builders’ (NAHB) 50+ Housing Council awarded KTGY GROUP INC Architecture and Planning the prestigious 2009 Best of 50+ Housing Gold Award in the category of “Best Multifamily Rental 50+ Commun...
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• LA Office Market Expected to Outshine Most Other Markets into 2010
7/22/09
While employers continue to trim payrolls throughout Los Angeles County, the local office market should outperform most of the country's major metro areas through the rest of this year and into 2010 due to modest inventory gr...
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• George Smith Partners and Manatt, Phelps & Phillips Offer integrated Services
7/21/09
George Smith Partners (GSP), the LA-based commercial real estate investment banking firm, and national law firm Manatt, Phelps & Phillips LLP (Manatt), have teamed up to offer an integrated legal and financial advisory platfo...
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• Knoll Renews Santa Monica Showroom Space
7/17/09
Knoll Inc, the East Granville, PA-based furniture manufacturer, will remain at its existing 15.2k sf Santa Monica office/showroom space after agreeing to a long-term lease renewal with the property owner, Federal Realty Inves...
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• Santa Clarita Apartment Property Sells for $23 Mil
7/17/09
Canyon Crest, a 158-unit multifamily property in Santa Clarita, sold in a recent deal valued at $23 mil, or $145.6k/unit, in what we’re told is the biggest multifamily sale in the region since 2006. The property is located at...
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•  Enjoy a Better Sunset in West Hollywood
7/16/09
Leasing activity may continue to be sluggish in many places, but for a newly constructed luxury development in West Hollywood business is booming. The property, 7950 W. Sunset, an award-winning community from Legacy Partners ...
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• Culver City Office Building Sells for Nearly $8 Mil
7/15/09
IDC College just acquired a 24.2k sf office building in Culver City for $7.9 mil, or roughly $328/sf. The building is located at 5995 S. Sepulveda Blvd, just off the 405 Fwy and adjacent to the recently renovated Westfield/Fo...
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• New Mixed-Use Project to Add to Growing Popularity of Downtown Culver City
7/14/09
A unique new mixed-use project in West Los Angeles boasts sophisticated living with European sensibilities. The residential and retail development, Culver Centrale, is located in the heart of Culver City and will consist of ...
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• Redondo Beach USD Gets Underway with $34 Mil in Improvements
7/14/09
The Redondo Beach Unified School District has broken ground on $33.75 mil in construction and modernization projects for Redondo Union High School. The projects include a new gymnasium and aquatic center, a new artificial-su...
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• NorthMarq Arranges $18 Mil on 176-Unit Santa Clarita Multifamily Property
7/10/09
In recent commercial financing news, NorthMarq Capital arranged an $18.1 mil first mortgage for Meadowridge Apartments, a 176-unit multifamily complex located in Santa Clarita. Financing was based on a 10-year term with two y...
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• MGM Wins Building of the Year
7/10/09
BOMA of Greater Los Angeles has just announced that MGM Tower in Century City was named the BOMA International Award winner in the 500k sf -1 msf Category for The Outstanding Building of the Year! The award was given out on J...
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•  Trio of LA Apartment Sales Comps
7/09/09
We’ve got three recent LA-area apartment comps to share in this report. In the most recent of the transactions, a private investor paid $1.95 mil for Nicolet Riviera, a 30-unit ($65k/unit) asset located at 3848 Nicolet Ave. B...
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• Legendary Real Estate Industry Leader Ray Watt Passes Away at 90
7/07/09
The commercial real estate industry just lost one of its most respected and successful leaders, as Ray Watt passed away today at the age of 90. Watt was a real estate pioneer, philanthropist and public servant who played an i...
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• Los Angeles Drops to 2nd on M&M’s Mid-Year National Industrial Index
7/06/09
Although industrial operations in Los Angeles will remain among the tightest in the nation in 2009, slower international commerce and reduced consumer demand are resulting in rising vacancy rates and lower rents, according to...
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