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May 24, 2020
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LOS ANGELES COUNTY NEWS
Archive
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• Long Beach Retail Property Sells for $3.5 Mil
6/02/09
A 24.8k sf street-front retail building in the city of Long Beach was acquired by a local family trust for $3.5 mil, or about $140/sf. The asset is located at the intersection of 3rd St and Pine Ave in the heart of the city’s...
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• Higgins Goes for the Gold in Burbank
6/02/09
2300 Empire Center, a new, 363k sf spec office building in Burbank, is currently under final review for Core and Shell LEEDR CS Gold certification from U.S. Building Green Council. The building, a project of Chicago-based Hig...
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• Howdy Partner!
6/01/09
Partner Engineering and Science, a national environmental engineering and consulting firm has entered into a joint-venture with Tony Liou to launch Partner Energy, an advisory firm designed to assist commercial building owner...
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• West LA Office Sale Rings Up at $44 Mil
5/28/09
Twin mid-rise office buildings in West Los Angeles sold for $44 mil in a recent deal said to be one of the largest sales so far this year on the Westside. The buildings contain a total of 206.2k sf of space and are located at...
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• Patio Furniture Maker Takes 21k sf in City of Industry
5/26/09
Yotrio Corporation, a manufacturer of patio furniture, has signed the first deal at a new four-unit, 71.5k sf multi-tenant industrial building just completed in the City of Industry. The company will be consolidating several ...
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• Three West LA Multifamily Sales Ring Up to Over $7 Mil
5/22/09
Three multifamily properties on Los Angeles’ Westside sold in recent transactions that totaled up to $7.42 mil. One of the properties is in Hollywood, at 1626 N. Fuller Ave, while the other two are in Santa Monica, at 844 14t...
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• Marina del Rey Creative Office Building is Ground Zero for Ad Agency
5/21/09
Advertising Agency Ground Zero elected to remain firmly grounded at its current Marina del Rey office location after signing a five-year, $2.2 mil deal for its existing 22k sf ($1.67/sf/mo) of space at 4235 Redwood Ave, south...
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• Prime Old Town Pasadena Multifamily Property Hits the Market
5/20/09
Here’s the scoop on an opportunity to acquire an 84-unit multifamily community in a prime Old Town Pasadena location. The property – The Mark Pasadena – is situated just a few blocks from numerous restaurants and retail store...
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• Artesia Retail Property Sells for $3.8 Mil
5/19/09
Gridley Plaza, a 30.7k sf retail property in the SoCal city of Artesia, sold in a recent transaction valued at $3.75 mil ($122/sf). The property is located on 1.74 acres at 18300 Gridley Rd, on the southeast corner of Gridley...
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• Wells Fargo Provides $59 Mil Refi for BH Properties’ Portfolio
5/15/09
BH Properties LLC and Wells Fargo’s Real Estate Banking Group just closed financing of approximately $59 mil on a 12-property portfolio. The properties, which consist of retail, warehouse and office, are located in Oregon, Fl...
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• Towers to Remain in Century City Tower after $10 Mil Renewal
5/14/09
In a recent Westside office lease, the firm of Towers Perrin Forster & Crosby agreed to a five-year, $10 mil renewal for 43.2k sf of Class A space at Watt Plaza in Century City. The transaction has an average rent of roughly ...
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• Valley Village Development Site Offered for $13 Mil
5/13/09
A 150.5k sf development site is being offered for sale in Valley Village, a community in the eastern San Fernando Valley that used to be an upscale part of North Hollywood. Located at 12629-12729 Riverside Dr, just north of t...
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• Townhouse Restaurant & Wine Bar Comes to the Sherman Oaks Galleria
5/12/09
There was a notable restaurant signing at the Sherman Oaks Galleria, the iconic office and entertainment complex at the corner of Ventura and Sepulveda Blvds in the San Fernando Valley that was completely redeveloped a few ye...
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• A Rose is a Rose Unless It’s a Venice Apartment Building
5/11/09
The Venice Rose apartment building, an historical 24-unit multifamily property situated just steps away from the famed Boardwalk in Venice Beach, traded hands in a recent $3.8 mil transaction ($158.3k sf). The property, locat...
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• Sherman Oaks Multifamily Complex Sells for $210/unit
5/08/09
Kester Place Apartments, a 26-unit apartment complex in Sherman Oaks, traded hands in a transaction valued at $5.45 mil, or about $209.6k/unit. Located at 5405 Kester Ave, Kester Place Apartments comprises a mix of two-story ...
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• Rexford’s Latest Whittier Tenant is a Perfect Fit
5/08/09
One SoCal real estate firm that has continued to enjoy considerable leasing activity in these tougher times is LA-based Rexford Industrial LLC, a privately held company that, since January 2009, has completed 20 new leases to...
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• LA Buyer Finds Retail Investing to Be Fresh & Easy
5/07/09
A 15k sf single-tenant retail building occupied by Fresh & Easy Neighborhood Market in Loma Linda was acquired by an LA-based partnership for $2.865 mil ($191/sf). The property, which was just constructed in 2009, is situated...
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• Oltmans Still One of the Top Contractors in CA
5/06/09
Whittier-based Oltmans Construction Co. remains one of the top general contractors in California, ranking 33rd among 95 companies in a recent survey by California Construction magazine. Oltmans, which posted a construction vo...
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• Investor Casts a Mighty Net over West San Fernando Valley Office Building in $7 Mil Deal
5/05/09
In the western San Fernando Valley, a 36.7k sf office building traded hands in a $7 mil ($191/sf) transaction. The two-story building is located at 26010 Mureau Rd, east of Las Virgenes Rd and just north of the 101 Fwy, withi...
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• Six BOMA GLA Building Members to Compete for International Honors
5/01/09
BOMA of Greater Los Angeles continues to see more than its fair share of local Outstanding Building of the Year Award (TOBY) winners moving on to competition at the international level. This year, six BOMA-LA building members...
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