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• Downtown LA Retail Condo Sells for $423/sf
1/11/12
A 6.2k sf ground-floor retail condominium within Luma, a 263-unit luxury condominium building in the heart of Downtown Los Angeles, sold for $2.62 mil ($423/sf). Located at 1100 South Hope St, Luma is situated two blocks from...
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• The Lighthouse Group Closes Pasadena Apartment Buy
1/11/12
The Lighthouse Group, out of Pacific Palisades, purchased Brookmore, a 51-unit apartment community in Pasadena, for $6 mil ($117.6k/unit). The property is located at 189 North Marengo Ave, east of Fair Oaks Ave and south of t...
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• The Swig Company Buys 200k sf Downtown LA Office/Retail Building
1/10/12
The Swig Company has acquired 617 West Seventh Street, a 12-story building totaling 218k sf of office and retail space in downtown Los Angeles. The seller was a joint venture sponsored by Lakewood, CO-based Alliance Commerc...
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• Downtown LA Mixed-Use Project Set to Break Ground
1/10/12
One Santa Fe, a $160 mil mixed-use project in the heart of downtown LA’s Arts district has been jumpstarted thanks to a preferred equity capital infusion provided by Canyon-Johnson Urban Fund (CJUF). The project is a joint ve...
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• $39 Mil Investment Buy Brings Some Sun to West LA Office Market
1/10/12
Sun Life Assurance Company paid $39.5 mil for a 101k sf ($391/sf) Class A office building in West Los Angeles. The property, located at 10351 Santa Monica Blvd, just east of Beverly Glen Blvd at the northern border of Centur...
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• Three LA Westside Apt Sales Total Almost $4.5 Mil
1/09/12
Kimberly Roberts Stepp, Managing Director with Charles Dunn Company, recently completed three multifamily property sales totaling $4.46 mil within Los Angeles’ Westside submarket.
“The Westside multifamily market continues ...
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• Banamex Inks Renewal for 38k sf Century City Space
1/09/12
Banamex USA, a subsidiary of Citigroup, signed a 10-year renewal lease for 38k sf at 2029 Century Park East, one of the twin towers that make up the iconic Century Plaza Towers complex in Century City. The financial services ...
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• Law Firm Takes Full Floor at Downtown LA Skyscraper
1/06/12
Law firm Dongell Lawrence Finney LLP agreed to a 10-year lease for the entire 19.2k sf 45th floor of AON Tower, a 1.1 msf skyscraper located at 707 Wilshire Blvd, in the heart of Los Angeles’ Financial District.
Sean O’Lea...
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• Green Dot Signs Largest Tri-Cities Office Lease for 2011
1/05/12
Green Dot signed a 10-year lease for a three-story, 141.5k sf building at 3465 Foothill Blvd, east of Sierra Madre Villa Ave and north of the 210 Fwy in Pasadena, which the company will occupy for its HQ space. According to p...
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• Federal Realty Investment Trust Acquires Controlling Interest in 381k sf South Bay Retail Center
1/05/12
Federal Realty Investment Trust acquired controlling interest in Plaza El Segundo, a 381k sf, retail property in El Segundo, along with a 100% interest in an adjacent, unimproved 8.1-acre land parcel for future development. ...
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• Charles Dunn Company Joins CORE Network
1/04/12
Los Angeles-based Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has become a member of The CORE Network. The CORE Network is a national organization of commerc...
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• Angelo Gordon Entity Spends $45 Mil on El Segundo Property NNN-Leased by Mattel
1/04/12
On behalf of Kilroy Realty Corporation, Jones Lang LaSalle’s Capital Markets experts today announced the firm has closed the sale of 2031 E. Mariposa Ave. in the Los Angeles submarket of El Segundo. The
A 192.1k sf office ...
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• Northridge Levitz Building Converted into Ashley Furniture HomeStore
1/03/12
Conversion construction work on the former Levitz building at Northridge Fashion Center in Northridge has been completed. The 34k sf building was converted for the opening of an Ashley Furniture HomeStore.
Hodgdon-Miank Con...
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• Hollywood Property Sells for $324/sf
1/03/12
A 4k sf property in Hollywood sold for $1.295 mil, or about $324/sf. The two-story, Class A building is located at 1542 Cassil Place, east of Highland Ave and just north of Sunset Blvd.
The property was originally built in ...
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• AIR’s 19th Annual Market Review & Forecast Set for January 25 in Downtown LA
12/30/11
AIR Commercial Real Estate Association will be presenting its 19th “Annual Market Review and Forecast” on Jan 25, 2012. The highly regarded event boasts a blue chip lineup of presenters analyzing every major Metro L.A. submar...
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• Dominion America Realty Advisors Completes Loan Mod and Restructuring of Retail Property Financing
12/28/11
West LA-based Dominion America Realty Advisors (“DARA”) recently completed a loan modification and the restructuring of the financing on a major shopping mall in the State of Kansas. DARA’s President, Paul Horvitz, and Vice ...
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• Furniture Manufacturer Inks Renewal Lease for 77k sf Inglewood HQ Facility
12/28/11
J. Robert Scott, a leading luxury home furnishings manufacturer for four decades, has agreed to a 78-month, $4.3 mil lease extension for a 76.7k sf ($0.72/sf/mo) industrial facility in Inglewood that serves as its corporate h...
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• Christmas Day in Los Angeles
12/26/11
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• Industrial User Buys Santa Fe Springs Site for Development
12/26/11
In a Santa Fe Springs sale, Durable U.S.A. paid $2.5 mil for 2.8 acres of land located at 13926 Carmenita Rd, just north of Rosecrans Ave. The buyer will construct a 54.5k sf industrial building for its own use. Clif Fincher ...
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• AEW Capital Management Buys SF Valley Industrial Property
12/22/11
AEW Capital Management L.P. recently acquired a 110k sf industrial building in the northern San Fernando Valley community of Panorama City, at 14000 Arminta St, east of Van Nuys Blvd and south of Roscoe Blvd. The property is ...
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