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March 28, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Magellan Group Obtains $34.5 Mil Loan on LA Office/Ind Properties
2/15/11
The Magellan Group has refinanced its Grace Place industrial/office buildings in Los Angeles with a $34.5 mil loan from Morgan Stanley. Jeff Hudson in the Los Angeles office of George Elkins arranged the financing. The 10-ye...
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• OMP Acquires Santa Fe Springs Industrial Property in Value-Add Move
2/14/11
SoCal-based Overton Moore Properties (OMP) has acquired Painter Commerce Center, a two-building industrial project located Santa Fe Springs. The buildings total 214.6k sf of space and are situated on individual parcels that t...
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• Bolton & Company Takes 31k sf of Class A Space in Pasadena
2/10/11
Bolton & Company signed a 10-year lease for 30.9k sf of office space in Pasadena. Bolton will use the space, located at 3475 E. Foothill Blvd, within the 365k sf, Class A Pasadena Corporate Park complex, for the company’s hea...
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• Chuck Carmichael Named NAI Capital’s Top Producer for 2010
2/09/11
Chuck Carmichael, Senior Vice President at NAI Capital, was named the firm’s 2010 Broker of the Year. Based in NAI Capital’s Encino office, Carmichael specializes in industrial sales and leasing. During his tenure at NAI Cap...
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• Ocean West Capital Partners Pays $58 Mil for West LA Office Campus
2/09/11
Ocean West Capital Partners, out of Santa Monica, has purchased Tribeca West, a 151k sf Class A media/office campus in West LA, for $58 mil ($384/sf). The property, situated on 2.65 acres at 12233 Olympic Blvd, north of the ...
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• KTR Capital Partners Purchases 111k sf South Bay Industrial Building
2/08/11
KTR Capital Partners purchased a vacant, 111k sf industrial corporate headquarters building in Redondo Beach. The property, situated on six acres of land at 3690 Redondo Beach Blvd, was sold by Baron Real Estate. The price wa...
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• Multifamily Property in LA’s West Adams District Sells for Just Under $10 Mil
2/04/11
A private investor paid $9.9 mil for the Palm Terrace Apartments, a 148-unit ($67k/unit) apartment property located in the prestigious and historic West Adams District of Los Angeles, just southwest of downtown. The proper...
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• JPMorgan Entity Purchases 486k sf Phase I of Horizon at Playa Vista
2/03/11
In one of the biggest office sales in West LA in some time, Horizon PH I Office Holdings LLC, an investment entity advised by JPMorgan has acquired Phase I of Horizon at Playa Vista, a two-building, 486k sf development in Pla...
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• JH Snyder and Washington Capital Management to Develop Vacant Mid-Wilshire Site in LA
2/01/11
J.H. Snyder Development Company and a subsidiary of Washington Capital Management have agreed to partner in the development of a long-vacant two-acre property at the southeast corner of Wilshire Blvd and Vermont Ave in LA’s M...
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• European Retailer Desigual Takes Ground Floor Corner Location at Santa Monica Promenade
2/01/11
The latest upscale retailer to snag space along Santa Monica’s Third Street Promenade is Desigual, who took 6.4k sf of primo ground-floor space at Promenade Gateway, at 1453 Third Street Promenade. The property is situated on...
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• Trio of Recent Signings Account for Half the Space at Marina del Rey Office Complex
1/31/11
In recent leasing activity in Marina del Rey, AuctionPoint, Guidance and TeleSign Inc signed three separate deals for 10k sf of office space at Del Rey Avenue. The 60k sf office campus consists of six, 10k sf free-standing, ...
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•  IREA Handles Three LA-Area Apartment Sales
1/28/11
Locally based Investment Real Estate Associates (IREA) recently brokered three multifamily investment transactions in the Los Angeles area. The deals range in price between $1.24 mil and $2.9 mil, and took place in Playa del ...
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• Hackman Capital Obtains $5 Mil in Acq Money for Culver City Portfolio Buy
1/27/11
Hackman Capital has obtained permanent financing of $5 mil for the acquisition of three creative office buildings in Culver City made by an affiliate. The portfolio was acquired in an all-cash, sale-leaseback transaction in D...
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• Tishman Speyer Extends Its Stay in Bev Hills with Hilton HQ Buy
1/26/11
By Allen Wolfsheimer International real estate firm Tishman Speyer continues to be bullish on upscale Beverly Hills office properties, as evidenced by their latest acquisition, the 185k sf former Hilton Hotels HQ property ad...
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• DEXUS Property Group Spends Over $26 Mil on Second SoCal Industrial Acquisition
1/26/11
DEXUS Property Group has acquired a 278k sf retail/warehouse facility in La Mirada for $26.25 mil ($94/sf). The property, located at 14501 Artesia Blvd, is fully occupied by Living Spaces, which uses it as a retail showroom a...
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• Caruso Acquires Glendale Property for Proposed Expansion at The Americana at Brand
1/25/11
Caruso Affiliated has reached an agreement to acquire a 7.5k sf building adjacent to Caruso’s popular mixed-use development, The Americana at Brand, in Glendale. The building, located at 230 S. Orange, is being sold by Henry ...
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• Adconion Media Group Relocates into 40k sf of Santa Monica Office Space
1/25/11
In a recent Los Angeles’ Westside office lease, Adconion Media Group has relocated their US headquarters into 40k sf of relatively new office space in Santa Monica. The company, which is expanding from their existing 15k sf ...
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• BH Properties Looking to Buy
1/24/11
Looking to sell? BH Properties, a Los Angeles-based, privately held real estate investment firm, is looking for underperforming multifamily, retail, industrial and office assets in select primary and secondary markets. BH Pr...
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• Owner/Users Investing in LA-Area Properties
1/24/11
Two recent LA-area owner-user sales had a combined price tag of $5.17 mil. The transactions, which were brokered by Paul Brehme of Lee & Associates, were for an eight-building, 35.6k sf facility in Altadena and a 6.7k sf indu...
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• Strong Second Half of 2010 for Watt
1/21/11
It was a string second half of 2010 for Watt Commercial Properties, as the urban shopping center owner/developer executed 26 new leases and renewed 36 existing lease contracts with retailers. In all, these deals comprise near...
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