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Vought Agrees to 1.4 msf Lease Extension at Century Business Center in Hawthorne 1/27/09 Aircraft manufacturing company Vought Aircraft Industries Inc has agreed to a five-year extension on its 1.39 msf of industrial space at Kearny's Century Business Center (CBC) in Hawthorne. The campus is owned by Kearny North...
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40-Unit NoHo Apartment Property Trades for $7.7 Mil 1/27/09 A 40-unit, 1980s-era apartment property in North Hollywood was purchased for $7.7 mil ($102.5k/unit). The non-rent control property, Otsego Villas, is located at 11109 Otsego St in the area’s NoHo Arts District and offers the...
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Draftsmen & Craftsmen 1/23/09 Design work has been completed and construction has begun on the first phase of Douglas Park Block 2, an office park in Long Beach being developed by a venture of Newcastle Partners Inc and RREEF, both of which are headquarte...
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Los Angeles Apartment Market Expected to See Rent Gains in 2009 1/22/09 The Los Angeles apartment market is expected to remain one of the nation’s top performers in 2009, though a softer local economy will result in rising vacancies, according to the 2009 National Apartment Report by national inv...
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Marcus & Millichap Handles Fair Share of LA Apartment Sales 1/21/09 Marcus & Millichap, one of the largest investment brokerage firms in the country, is regularly involved in a large number of multifamily property sales throughout the US and particularly in Southern California. To give you a ...
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NAI Capital Offers Year-End Review and 2009 Outlook for L.A. Basin 1/20/09 NAI Capital, one of the leading regional real estate services firms with 15 offices throughout Southern California, just released its Year End 2008 Market Report for the Greater Los Angeles Basin. The report included a summar...
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Vernon Industrial Lease Makes Clear Sense 1/20/09 International manufacturing firm Clear Lam Packaging Inc (Clear Lam) agreed to a lease for a 113.5k sf single-user industrial facility in the city of Vernon. The company, which provides environmentally friendly thermoformed p...
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Platinum Equity Acquires Majority Interest in Daum Commercial 1/19/09 Platinum Equity has announced that they’ve purchased a majority stake in DAUM Commercial Real Estate Services, the regional brokerage firm based out of Los Angeles. Founded in 1904, DAUM has 10 offices in Southern California...
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Monem Corp Acquires Three LA Apartment Properties in December 2008 1/15/09 LA-based Monem Corporation closed out 2008 with three multifamily acquisitions, totaling 35 units, during the month of December. One of the buys was a 15-unit asset at 843 Ardmore, east of Western Ave and south of Wilshire Bl...
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Trans-Freight Inks Deal for 96k sf Rancho Dominguez Facility 1/13/09 In a recent Rancho Dominguez industrial lease, Trans-Freight Express, a warehouser and distributor of coffee products, a variety of dry household commodities, vehicles and machinery, has inked a six-year, $4 mil lease for a 9...
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Pair of $25 Mil West LA Multifamily Listings Hit the Market 1/13/09 Financing for real estate acquisitions may be a major challenge these days, but there continues to be substantial investment opportunities for those buyers who can find ways to come up with the purchase money. For example, we...
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Camarillo Office Property Trades for $18 Mil 1/09/09 Plaza 5051 at Mission Oaks, the newest Class A office building in Camarillo, was recently purchased by The Foundation Group, a local private investor. The 51.5k sf property, located at 5051 Verdugo Way, north of the 101 Fwy a...
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$9 Mil LA Retail Opportunity is Fresh & Easy 1/08/09 Here’s the scoop on two recent retail investment listings, one in the LA area and the other in Phoenix, both offered at close to $10 mil. Investors searching for an Arizona acquisition might want to check out a three-property...
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New RENTV Executive Report: San Fernando Valley Hot Transactions 1/07/09 Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the San Fernando Valley, a massive region in the northwest part of Los Angeles that almost seceded from the city a few years ba...
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BOMA GLA Announces New Officers and Directors 1/06/09 The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) has inducted a new Board of Directors, effective as of January 1, 2009. The BOMA/GLA Executive Board will guide the large SoCal commercial real es...
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Huntington Reproductive Center Locks Up Encino Office Space 12/30/08 Huntington Reproductive Center (HRC) recently locked up a lease agreement for 17k sf of medical office space in the upscale San Fernando Valley community of Encino. The firm will occupy a portion of the first and second floor...
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Advanced Real Estate Services Acquires The Courtyards from Kennedy Wilson 12/30/08 The Courtyards, a 153-unit apartment community at 12401 Studebaker Rd, east of the 605 Fwy and south of Firestone Blvd in Norwalk, was acquired in a $21.9 mil ($143k/unit) transaction by Advanced Real Estate Services Inc, a t...
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LA Apartment Owner Wins Density Bonus Case against City of Los Angeles 12/29/08 A recent court ruling favored a property owner/developer in an action against the city of Los Angeles, which had attempted to impose design restrictions on a proposed infill project that would have made it financially impossi...
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AMCAL Debuts 49-Unit Affordable Development in South LA 12/24/08 Following the successful opening of Temple Villas in Echo Park/Beaudry, Agoura Hills-based AMCAL Multi-Housing Inc continues its rapid expansion throughout Los Angeles with the opening of Casa de Angeles. Located at 4900 S. ...
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Magellan Discovers $31 Mil of Financing for Commerce Industrial Park 12/22/08 The Magellan Group recapitalized Grace Place Industrial, a 531k sf industrial complex in the City of Commerce, with $31.35 mil in new financing, which includes a new $25.6 mil first mortgage provided by Mesa West Capital. Mag...
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