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Local Investment Firm Purchases 60-Unit Culver City Multifamily Property 6/08/11 The Keswick Court Apartments, a 60-unit multifamily property located on 1.63 acres at 3902-3920 Lenawee Ave, south of Rodeo Rd and just west of La Cienega Blvd in Culver City, was acquired by a Los Angeles-based investment fi...
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Beverly Hills Retail Building Trades for $2 Mil 6/07/11 A freestanding, 3.8k sf retail building in Beverly Hills was purchased by and overseas investor for $2.15 mil ($566/sf). The one-story building was constructed in 1952 and was vacant at the time of the sale.
Located at 209 S...
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EdgeCast Networks Inks Expansion/Renewal Deal in Santa Monica 6/06/11 EdgeCast Networks signed off on expansion/renewal lease for 27k sf at 2850 Ocean Park Blvd, south of I-10 and west of Centinela Ave in Santa Monica. EdgeCast is a content delivery network specializing in application delivery,...
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West LA Apartment Property Sells for $4 Mil 6/03/11 An LA investment entity paid $4.1 mil for a 16-unit ($256k/unit) apartment community located at 1946 Overland Ave in West Los Angeles. The property, near the major cross street of Santa Monica Blvd, is situated just minutes f...
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BH Properties Spends $10 Mil on Third AZ 6/02/11 BH Properties has acquired Biltmore on the Lake Apartments, a 420-unit garden-style apartment community in Phoenix. Located at 11050 North Biltmore Dr, within Phoenix’ Sunnyslope submarket, the property sold for $10 mil ($23....
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Syska Hennessy Leases 25k sf of Culver City Office Space for LA Regional Office 6/02/11 Engineering and consulting firm Syska Hennessy Group has signed a 10-year lease for 24.6k sf of space in Culver City for its Los Angeles office. The company will be pursuing LEED Gold certification for its new location, which...
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MPG Office Trust Receives $92 Mil in Proceeds from Disposition of Westin Pasadena 6/01/11 MPG Office Trust Inc (NYSE: MPG), the LA-based real estate investment trust, completed another notable SoCal property disposition, this latest property being the Westin® Pasadena Hotel in Pasadena. The company received procee...
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BT Infonet HQ Office Building in El Segundo Fetches $51 Mil 5/31/11 In a large office sale from LA’s South Bay region, GLL Properties Inc has acquired a 157k sf building in El Segundo that serves as the North American corporate headquarters for BT Infonet. Located at 2160 East Grand Ave, betw...
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Xebec Acquires Over 21 Acres in City of Bell 5/31/11 Xebec Realty Partners (“Xebec”) has purchased 21.77 acres of prime industrial land at 5555 Bandini Blvd in the City of Bell. We’re told that this is the largest land transaction in the Central Los Angeles marketplace so far ...
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Carryland Takes 140k sf City of Industry Facility 5/31/11 Carryland Company, a handbag wholesaler, agreed to a five-year, $3.45 mil lease of a 140k sf ($0.41/sf/mo) industrial warehouse in the City of Industry. Carryland, a private company established in 1983 and based in the City o...
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Meat Packer Buys Pico Rivera Facility for $1.8 Mil 5/27/11 A 22.4k sf industrial facility in Pico Rivera sold for $1.8 mil ($80/sf). Located at 5217 Industry Ave, south of Whittier Blvd, the property was purchased by Daniels Western Meat Packers Inc, a meat and food products supplier...
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New RENTV Executive Report: San Fernando Valley / Tri-Cities “Tenants in the Market” 5/26/11 Want to know the latest information on which companies are searching for space in the San Fernando Valley and Tri-Cities area? RENTV’s just-posted San Fernando Valley “Tenants in the Market” Executive report updates you on ab...
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Upscale Gym Takes 30k sf of Marina del Rey Retail Space 5/26/11 Equinox Fitness Club has signed a lease for a 30k sf of anchor space at Villa Marina Marketplace in Marina del Rey. The 419k sf entertainment/ lifestyle-destination retail center is undergoing a $25 mil redevelopment and repo...
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Equity Signs Two at Santa Monica Office Property 5/25/11 ServiceMesh and Bison Capital inked separate office lease relocation / expansion deals in Santa Monica at 233 Wilshire Blvd, located at the north end of the Third Street Promenade. The leases were for a combined 11.5k sf of ...
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Gardena Retail Property Purchased from Lender for $2.55 Mil 5/24/11 A 43.2k sf retail shopping center in Gardena was purchased by a private “value-add” developer for $2.55 mil, or $59/sf. Located at 14950 – 15000 Crenshaw Blvd, at the corner with Marine Ave, the property was sold by Banco Pop...
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San Fernando Elks Lodge Listed for Sale 5/24/11 Here’s the scoop on a less traditional LA-area property that’s come on the market -- a landmark, California Mission-styled Elks Lodge building in San Fernando, at the northern part of the Valley. Built in 1937, the building i...
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Granada Hills Retail Center Sells in $11.4 Mil Deal 5/23/11 A three-tenant, 39.7k sf shopping center in Granada Hills traded hands in a recent transaction valued at $11.74 mil, or $296/sf. The property, located at 17020 Chatsworth St, is occupied by Walgreens and Staples, two publicly...
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Overton Moore Picks Up 370k sf SoCal Industrial Facility 5/23/11 Overton Moore Properties’ OMP Industrial III fund closed on the acquisition of Enterprise Distribution Center, a 370.3k sf Class A industrial building located at 3375 Enterprise Dr in Rialto. The building is situated on 16 a...
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Law Enforcement Agency Takes Over Monterey Park Property 5/23/11 The U.S. General Services Administration (GSA) agreed to a new 10-year lease for 43.9k sf of space at Saturn Corporate Center, which is located at 1938 – 1968 Saturn St in Monterey Park. The agency occupies two floors of the ...
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New West LA Multifamily Project is Already a Landmark 5/20/11 California Landmark recently broke ground on one of the first for-sale, multifamily projects to get underway in West Los Angeles this year. The 25-unit property, located at the southwest corner of Wellesley and Texas, two bl...
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