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• Mixed-Use Property in LA’s Little Tokyo Trades Hands
9/12/11
Private investors traded a 34.3k sf mixed-use property in downtown Los Angeles for $3.94 mil ($115/sf). Built in 1991, this property is a five-story office and retail building on a 5.8k sf parcel. It is located at 312 E 1st S...
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• Completion of $47 Mil Bridge Project in Pomona Spurs New Development in the Area
9/12/11
The City of Pomona has completed construction on the $47.6 mil Mission Blvd bridge over the Chino Valley / 71 Fwy, the largest public works project ever completed in the City. The new four-way interchange, which removes an ex...
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• NoHo Apartment Community Sells for over $5 Mil
9/09/11
Klump Gardens, a 32-unit, 24.7k sf multifamily building in North Hollywood’s popular NoHo Arts District sold for $5.3 mil, or about $165.6k/unit. The property is located at 5051 Klump Ave, south of Magnolia Blvd between the 1...
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• Trucking Company Acquires Commerce Site
9/09/11
A 110k sf land parcel in the City of Commerce sold for $2.7 mil ($25/sf) in what is one of the highest sale prices for land in the Commerce market in the past two years. The property is located at 6403 E. Slauson Ave, just so...
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• New RENTV Executive Report: South Bay Hot Transactions
9/08/11
Here’s a great way to keep up with all of the transaction activity throughout Los Angeles’ South Bay market over the past year. RENTV’s latest executive report -- a compilation of closed sale and lease comps from the region o...
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• Continental Funding Arranges $5 Mil on LA-Area Apartment Portfolio
9/08/11
Continental Funding Group arranged a $5.07 mil self-liquidating loan for a 99-unit, multi-family portfolio located in the Los Angeles area. The portfolio consists of three multifamily complexes built in 1970 and situated in ...
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• Tishman Speyer Adds another Office Property to Its Beverly Hills Portfolio
9/08/11
By Allen Wolfsheimer
Tishman Speyer has added another office property to its Beverly Hills portfolio with the purchase of a 45k sf building that serves as the worldwide headquarters for Live Nation Entertainment. It is loca...
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• Watson Breaks Ground on Pre-Leased 225k sf Logistics Facility
9/06/11
International third-party logistics firm OHL has signed a pre-lease agreement for a 225k sf industrial building within Watson Land Company’s Watson Corporate Center in Carson. The five-year lease is worth more than $10 mil. W...
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• Walter Conn Acquires Full Ownership of 214k sf Downtown LA Office Tower
9/06/11
Walter J. Conn, Chairman of Charles Dunn Company, has acquired Pacific Financial Center, a 213.8k sf, 17-story office tower situated in the financial district of Downtown Los Angeles, in a transaction that values the building...
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• Hager Pacific Acquires Industrial Facility in Pomona
9/06/11
Hager Pacific Properties just acquired a 184.5k sf industrial property in Pomona. Situated on 15.13 acres, the facility previously served as a commercial bakery. Terms of the sale were not disclosed.
Constructed in 1982, th...
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• Rexford’s Latest Acquisition a 30k sf Property by Van Nuys Airport
9/02/11
Rexford Industrial has acquired a two-building industrial property totaling 30k sf of space in Van Nuys for $2.7 mil ($90/sf). The prime, infill property is situated on 1.38 acres at 6701-6711 Odessa Ave, east of Hayvenhurst...
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• KCET-TV Makes a Strong POINTE about the Tri-Cities Office Market
9/01/11
KCET-TV, the venerable independent LA television station, has inked a new lease for 58.2k sf of space at The POINTE, the landmark, Class A office tower located at 2900 Alameda in Burbank’s Media District. The 11-year transact...
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• Investors Close on $4.7 Mil Inglewood Multifamily Buy
8/31/11
A group of private investors paid $4.7 mil, or $114.6k/unit, for The Lido and Beach Hill Apartments, a 41-unit multifamily complex located at 916 and 924 W. Beach Ave in Inglewood. The deal closed at a 6.75% cap rate.
The s...
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• HFF Arranges $6 Mil Financing on San Fernando Valley Apartment Complex
8/30/11
Hager Pacific Properties HFF has obtained a $6 mil refi loan on Americana Northridge Apartments, a 115-unit multi-housing community adjacent to California State University in Northridge. HFF placed the 15-year, fully amortizi...
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• Playa Vista Office Property Sells for $33 Mil
8/30/11
Vantage Property Investors closed on a large West Los Angeles office buy, paying $33 mil for Playa Jefferson, a 199k sf ($166/sf) two-building campus in the Playa Vista area. It was sold by San Francisco-based Embarcadero Ca...
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• Century Plaza Towers Awarded LEED Gold Certification
8/29/11
Century Plaza Towers, a landmark office high-rise complex in Century City, has been awarded LEED Gold certification for Existing Buildings: Operations & Maintenance (LEED-EB O&M), as established by the U.S. Green Building Cou...
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• Santa Monica Condo Units Trade in Bulk Sale
8/26/11
9 Mile Investments has acquired 42 condominium units in Santa Monica in a bulk sale. The transaction price was not disclosed.
Currently being operated as an apartment building, the property is located at 1251 14th St, one b...
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• KBS REIT Acquires Majority Stake in Hollywood Entertainment Building
8/25/11
KBS Strategic Opportunity REIT has acquired a majority interest in a 34.7k sf building situated in the heart of Hollywood. The building, located at 1635 N. Cahuenga Blvd, between Sunset and Hollywood Blvds, was 39% leased at ...
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• AMC to Open First SoCal Dine-In Theatre in Marina del Rey
8/24/11
AMC Entertainment Inc® (AMC) signed a lease for a 34.3k sf AMC Theatre at Villa Marina Marketplace in Marina del Rey. The transaction represents the first AMC Dine-In Theatre in the Southern California area. The lease is a re...
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• Brown Derby Restaurant Building in LA’s Los Feliz Area Listed for Sale
8/23/11
The historic Brown Derby property, a 14k sf retail/restaurant building at 4500 Los Feliz Blvd in Los Angeles, has been listed for sale with an asking price of $10.6 mil, which, according to our basic math skills, works out to...
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