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• Marina del Rey Relocation Lease is a Visionaire-y Transaction
3/07/12
The Visionaire Group recently inked a lease in Marina del Rey, agreeing to a deal for 16.9k sf of space at 5340 Alla Rd, north of the 90 Fwy and west of Culver Blvd within Playa Vista Business Campus. The company will relocat...
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• David Simon Joins Kilroy Realty Corporation
3/06/12
Commercial real estate industry veteran David Simon has joined Kilroy Realty Corporation (KRC) as Executive Vice President. At KRC, Simon will be responsible for developing and executing a value add strategy for KRC's existin...
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• 2011 Sees Greatest Net Absorption of Creative Office Space on Westside in Five Years
3/06/12
Continued demand in 2011 from creative users such as post production, new media, advertising and technology resulted in the greatest net absorption of creative office space on the Westside since the start of the recession, ac...
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• Garment Manufacturer Leases 139k sf Vernon Facility
3/06/12
In a recent Vernon deal, Mola Inc signed a five-year lease for 129.5k sf of industrial space, including 25k sf of office space. The single-tenant building is located at 2957 E. 46th St, south of Washington Blvd and east of Al...
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• Dedeaux Acquires 11-Acre Vernon Development Site
3/05/12
Dedeaux Properties LLC has acquired a 10.8-acre site at 3305 Bandini Blvd in the city of Vernon, on which the company plans to construct two state-of-the-art industrial facilities totaling approximately 235k sf of space. The ...
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• San Fernando Valley High-Rise Res Tower Sells for $74 Mil
3/05/12
A UBS-managed fund has purchased NoHo 14, a 180-unit high-rise urban infill, mixed-use asset located in the NoHo Arts District of the San Fernando Valley. The sales price was $73.9 mil, or $410.6k/unit.
Built in 2008 and or...
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• Sugar Locks Up Sweet Deal in Culver City’s Hayden Tract
3/02/12
In a recent lease comp from Culver City, Sugar Publishing Inc, a privately owned media company that produces a network of blogs and ecommerce sites for women, inked a deal for 15.3k sf at 3525 Eastham Ave, west of La Cienega ...
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• Trio of Downtown LA Hotels Sold for $9.8 Mil
3/02/12
Three downtown Los Angeles hotels were acquired for $9.8 mil, or $23.6k/room. The properties – the Baltimore, King Edward and Leland Hotels – were sold by a bankruptcy court-appointed seller through an auction process.
The h...
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• AvalonBay Picks Up 84-Unit Pasadena Apartment Property
3/01/12
AvalonBay Communities recently closed on the purchase of The Mark Pasadena, an 84-unit apartment building in Pasadena. The terms of the sale were not disclosed.
The three-story, 70.6k sf apartment building is located at 385...
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• Retail Briefs
3/01/12
HUNTINGTON PARK (Los Angeles County) -- El Super Marketplace, an El Super Supermarket-anchored shopping center in Huntington Park, sold for $11.8 mil. The 59.7k sf center is located on approximately 3.5 acres at 7010 Alameda ...
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• New Owner to Put Its Stamp on El Segundo Office Property
3/01/12
Construction began in January 2012, with completion projected for July 2012. KPRS Construction Services Inc. of Brea is the general contractor for the project. Kevin Apor of Peninsula Sotheby’s International Realty represente...
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• Gardena Home Depot Center Listed for $22.55 Mil
2/29/12
A 150k sf retail building in Gardena that is 90-percent leased to Home Depot and 10-percent leased to Viatron Systems Inc has come on the market with an asking price of $22.545 mil, or $150/sf. Alan Krueger, senior vice presi...
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• Raintree Partners Purchases Two SF Valley Condo Projects
2/29/12
OC-based Raintree Partners recently completed the $24.2 mil acquisition of two vacant, luxury condo projects in the San Fernando Valley. The assets, Vista Paradiso and Villa Sofia, are located in the upscale communities of St...
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• Lucent Capital Arranges $20 Mil in Two LA Westside Deals
2/28/12
Lucent Capital has arranged $20 mil in two permanent financing deals on LA’s Westside for the owners of a creative office building in Hollywood and an office / retail building in Beverly Hills' Golden Triangle.
In one of the...
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• Interstate Equities Closes 358-Unit Long Beach Buy
2/28/12
Southwood Gardens, a 358-unit multifamily asset in Long Beach, was purchased by Interstate Equities Corporation, a private fund based in Los Altos. The property, located at 5601 Paramount Ave, south of the 91 Fwy and east of ...
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• Robert Morey Joins Johnson Capital as Senior Vice President
2/27/12
Robert Morey has joined the Century City office of Johnson Capital as a Senior Vice President. In his new position, Morey will originate debt and equity transactions.
Morey has an extensive 40-year career in commercial real ...
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• Warner Center Office Portfolio Sells for $26 Mil
2/27/12
A joint venture of Oakfield Realty Partners and Long Wharf Real Estate Partners has acquired a three-building, 182k sf office portfolio in Woodland Hills for $26.4 mil, or $145/sf. The buildings, located at 5950 Canoga Ave, 5...
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• American Properties Re-Roofs LA Ind Facility with High-Tech RainShield Roof
2/23/12
Highland Commercial Roofing recently completed a re-roofing project for American Properties' 153.8k sf distribution center near downtown Los Angeles. The large complex is a distribution warehouse facility with extensive infra...
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• Kimco Refis Montebello Retail Center with $16 Mil
2/22/12
Kimco Income Operating Partnership L.P. has obtained $16 mil in refi money on Montebello Town Square, a 252k sf, Class A retail power center in eastern Los Angeles. Montebello Town Square is located eight miles east of downto...
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• SARES*REGIS Group Gets Underway with New Long Beach Ind Project
2/22/12
In the latest development news from LA’s South Bay region, SARES•REGIS Group has begun construction on Pacific Pointe, a collection of seven premium, corporate HQ industrial buildings totaling 677.1k sf for sale or lease. The...
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