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• Beverly Hills Retail Store Fetches Almost $2,500/sf
8/21/09
In a very newsworthy Beverly Hills retail sale, an 11.3k sf, Class A building net-leased to Hugo Boss was acquired by Allied Golden LLC for $28 mil, or a rather hefty $2,471/sf (no, that’s not a typo), and at a cap rate of 4....
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• 30-Unit Hollywood Multifamily Property Trades for $135k/Unit
8/20/09
Carlton Way Apartments, a 24k sf, 30-unit complex located at 6021-6029 Carlton Way in Hollywood, sold for $4.05 mil ($135k/unit). Situated on a 28.3k sf lot, the property is just west of the 101 Fwy between Hollywood and Suns...
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• HFF Arranges $27.5 Mil on South Bay Retail Center
8/20/09
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $27.5 mil in refi money for Torrance Promenade, a 266.8k sf retail power center located at 19800 to 20100 Hawthorne Blvd, two miles south of the 405 ...
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• New Santa Clarita Retail Project to be Anchored by Dick’s Sporting Goods
8/19/09
Construction was just completed on a new 15-acre retail project in the heart of Santa Clarita. Called Centre Pointe Village, the 133k sf development is located adjacent to Golden Valley Rd and McKeon Way. The majority of the...
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• New Burbank Office Building Receives Core and Shell LEEDR Gold Certification
8/19/09
The 2300 Empire Center Office building, a spec, 364k sf Class A office building, received Core and Shell LEEDR Gold Certification from U.S. Green Building Council in early July. Architecture and interior design work for the...
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• New 35k sf Agoura Hills Retail Project Breaks Ground
8/18/09
Adler Realty Investments Inc has broken ground on The Shops at Oak Creek, a new 35k sf retail center in Agoura Hills. The development is being financed with a construction loan from Wilshire State Bank.
Located on Canwood St...
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• $42 Mil Lancaster High School Project Completed
8/17/09
Construction of a new $42.7 mil core classroom building at Eastside High School, located at 3200 E. Avenue J-8 in Lancaster, was just completed. The project was developed by Antelope Valley Union High School District, while B...
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• Fed Government Expands Downtown LA Space for Immigration Needs
8/13/09
Although many government agencies are struggling with reduced budgets and significant cutbacks these days, the General Services Administration (GSA) just completed a $14.4 mil lease transaction that will expand the Federal Go...
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• LA Office Market Continues to Struggle
8/10/09
Office leasing volume in the Greater Los Angeles Area fell for the fourth straight quarter, totaling only 2.2 msf, a 37.4 percent decrease from one year ago and 41.7 percent below the region's historic average of 3.8 msf leas...
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• Armando Aguirre Joins Colliers’ Retail Team in Los Angeles
8/10/09
Armando Aguirre has been hired by Colliers International in downtown Los Angeles as a Senior Vice President. He previously worked for Colliers as a Senior Vice President from 2003 to 2006. Joining Aguirre are David Uhlman, As...
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• West Coast University Subleases Former JC Penny Store in East Valley
8/07/09
In a sizable office lease in the San Fernando Valley, West Coast University agreed to a 10-year sublease of a 98k sf building in North Hollywood that once housed a JC Penny store. The lease value was not disclosed.
West Coa...
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• Tatung Leases 294k sf Carson Facility
8/06/09
Tatung Co. of America, the U.S. branch of Taiwan's Tatung Company, one of the world's leading manufacturers of personal computers, workstations, servers and display products, inked a lease for a 293.8k sf industrial property ...
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• The Sullivan Group Inks Renewal for Downtown LA Office Space
8/06/09
The Sullivan Group, a privately held consortium of independent, insurance-related companies which are involved in many different areas of the insurance brokerage business, inked a lease renewal for 24k sf of office space at 8...
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• Law Firms Continue to Do Deals for West LA Office Space
8/04/09
In a recent West LA office lease, the law firm of Krohn & Moss signed a deal for 5.8k sf of space at 10474 Santa Monica Blvd, a couple of blocks west of Beverly Glen Blvd. The 136-month transaction has a total value of $2.5 m...
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• New East L.A. Affordable Housing Project Opens to Public
8/03/09
Villa Serena, a new affordable housing community in East L.A., was just unveiled. A development of AMCAL Multi-Housing Inc, the project features 85 family units, replacing old housing stock and underutilized land. It is loca...
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• LA –Area Apartment Properties Still in Demand
7/31/09
Here’s a look at three recent, smaller multifamily comps from the LA area. In the first deal, a nine-unit building at 1234 N. Virgil Ave, north of Santa Monica Blvd and east of Vermont Ave, sold for $1.3 mil ($144.4k/unit). ...
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• Sherman Oaks Apartment Property Fetches $328k/Unit
7/29/09
We’ve got a couple of recent multifamily sales comps from the southeast San Fernando Valley report, in North Hollywood and Sherman Oaks.
In Sherman Oaks, Moorpark Townhouse Apartments, a seven-unit multifamily property at 15...
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• Santa Monica Multifamily Property Fetches $328k/Unit
7/28/09
La Montana Apartments, a 23-unit multifamily property located in a desirable north of Wilshire Blvd location in Santa Monica, recently traded hands in a $7.55 mil deal, which works out to $328k/unit. The property is located a...
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• Ming Hong Closes King Kong-Sized Buy in San Gabriel Valley
7/27/09
In a very noteworthy industrial sale from the San Gabriel Valley, a 100k sf facility in the City of Industry was acquired by an owner-user for $7.4 mil ($74/sf). The building, located at 14730 Don Julian Rd, just east of 7th...
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• Nokia and Altman, Greenfield & Selvaggi Sign New Deals on LA’s Westside
7/24/09
In recent leasing activity on LA’s Westside, Madison Partners represented Equity Office Properties in a couple of notable transactions, one in Santa Monica and the other in West LA.
In one deal, Nokia Inc, the global techno...
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