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Rob Maguire Lists Water’s Edge Creative Office Campus in Playa Vista 7/27/12 By Allen Wolfsheimer
Here’s the scoop on a major West LA trophy property to hit the market. Rob Maguire’s company, Maguire Investments, is selling Water’s Edge, the two-building, 260k sf creative office campus at the edge o...
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Woodland Hills Res Buy Financed with $46 Mil in Equity and Debt 7/27/12 A joint venture of Cigna Realty Investors and Pacific Urban Residential closed on the purchase of The Arbors at Warner Center, a 250-unit multifamily community in the west San Fernando Valley. The property was sold by a priva...
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Lycee International Purchases Burbank Campus Site 7/27/12 In a recent owner/user transaction from the eastern San Fernando Valley, Lycee International de Los Angeles purchased the former General Motors training facility in Burbank for $11 mil. The property is located at 1105 Riversi...
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The Alison Company Arranges $12.8 Mil on Calabasas Retail Center 7/26/12 The Alison Company has arranged $12.8 mil in permanent financing for Creekside Village Shopping Center, an Albertson’s-anchored grocery center in Calabasas. Located south of the 101 Fwy, at the intersection of Las Virgenes Rd...
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Bixby Land Spends $52 Mil on Torrance Office Tower 7/26/12 OC-based Bixby Land Company has purchased South Bay Tower, a 291.7k sf office tower in Torrance, for $52 mil ($178/sf). Bixby purchased the Class A asset from TA Associates, which acquired the building – formerly known as Com...
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Sares*Regis Group to Develop 240-Unit Res Project in LA’s Little Tokyo District 7/26/12 Sares*Regis Group (SRG) has acquired 1.74 acres in downtown Los Angeles on which they plan to develop a 240-unit apartment project. The land, which was purchased from The Related Companies, is in LA’s Little Tokyo District. I...
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400k sf Vernon Industrial Building Sells for $15.6 Mil 7/26/12 A 401.6k sf industrial property in the city of Vernon sold in a recent $15.6 mil ($39/sf) transaction. The building, located at 4700-4714 Boyle Ave, north of Slauson Ave between the 110 and 710 freeways, had been occupied by ...
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Palmdale Retail Center Sells for $6 Mil 7/25/12 A fully occupied, 15.3k sf, multi-tenant retail strip center in Palmdale sold for $5.95 mil, or $389/sf. The property is adjacent to the 552k sf Palmdale Marketplace power center and is located at 39450 10th Street West, at t...
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Genexus Inks HQ Lease at 25k sf Torrance Facility 7/25/12 Garment distributor Genexus International Inc has leased 25.4k sf of light industrial space in the master-planned Pacific Gateway Industrial Park in Torrance. The 10-year lease has a total value of $1.28 mil, which averages o...
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Interstate Equities Corp Closes $23 Mil Multifamily Buy in Long Beach 7/25/12 Interstate Equities Corporation (IEC) closed on a large SoCal multifamily buy, paying $23.15 mil for Patio Gardens Apartments, a 127-unit ($182.3k/unit) community in Long Beach. Located at 4826-5002 East Los Coyotes Diagonal,...
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IMAX Renews Santa Monica Space 7/25/12 IMAX Corp has agreed to a renewal lease for the entire 65k sf Lantana IMAX Building located at 2900 Exposition Blvd, within the Lantana Entertainment and Media Campus in Santa Monica. The Energy Star-labeled three-story build...
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Sale of Downtown LA Ice Cream Plant has Sweet Ending 7/24/12 JBD Investments purchased a 28.1k sf industrial property in East LA for around $2 mil ($71/sf). The property, located at 2930 E. Olympic Blvd, just south of the confluence of the 10, 5, 60 and 101 freeways, was sold by Balian...
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Brookfield Closes Leases Totaling Over 200k sf at Ernst & Young Plaza in Downtown LA 7/24/12 There have been seven recent lease signings totaling 204.7k sf of space at Ernst & Young Plaza, a 41-story, 1.2 msf skyscraper located at 725 Figueroa St in downtown Los Angeles. The recent transactions at the property, owned...
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High-End West Hollywood Building Trades Hands 7/24/12 A joint venture between Townscape Partners and Angelo, Gordon & Co just purchased an 85k sf mixed-use building in West Hollywood, located at 8899 Beverly Blvd. The high-end property boasts offices with desirable panoramic vie...
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Lone Oak Fund Continuing to See Rapid Growth 7/19/12 As the commercial real estate lending climate has thawed over the past couple of years, one company that has been making dramatic inroads during this period is Los Angeles-based Lone Oak Fund LLC. The firm continues to enjoy ...
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West LA Multifamily Property Sells for $384k/Unit 7/19/12 Barrington Manor Apartments, an 18-unit apartment property in West Los Angeles, sold for $6.91 mil ($384k/unit). The three-story property contains a total of 22k sf of space and is located at 1636 Barrington Ave, west of the ...
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Two LA-Area NNN Bank Properties Sell in Deals Totaling Nearly $8 Mil 7/19/12 We’ve got two single-tenant, NNN-leased bank property sales in Los Angeles County to report. The transactions, which consisted of a property occupied by California Bank & Trust in San Dimas and a property occupied by Chase Ba...
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County of Los Angeles Renews Santa Clarita Office Space 7/19/12 In a recent office lease from Santa Clarita, the County of Los Angeles signed a five-year renewal deal for 36k sf of space at Valencia Corporate Plaza. The space is occupied by the County’s Department of Children & Family Ser...
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LA Westside Sales Total Over $12 Mil 7/18/12 In this report, we’ll provide you with quick comps to a couple of recent sales on LA’s Westside. One of the deals was in Santa Monica while the other was in the Palms/Beverlywood area, just north of Culver City.
In the Santa...
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Granada Hills Retail Center Changes Hands for Over $4 Mil 7/17/12 Carmel Investors Inc purchased a 1.83-acre, 10-unit retail center in Granada Hills for $4.2 mil. Located at 1918-12000 Balboa Blvd, within the Knollwood Auto Center, the property was sold by Creative Video Logic Inc.
Built i...
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