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• Meta Housing to Break Ground on an EngAGE-ing Seniors Arts Colony Housing Project in North Hollywood
1/21/11
Meta Housing Corporation is about to break ground on a new independent senior housing community in the San Fernando Valley’s NoHo Arts District. The project is being developed in conjunction with NoHo Senior Artists Colony an...
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• Local Investor Acquires Quakertown
1/20/11
Quakertown Terrace, a 52-unit apartment complex in Woodland Hills, sold less than one week after it was put on the market. Located at 5410-5422 Quakertown Terrace Ave, south of Ventura Blvd and east of Winnetka Ave, the prop...
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• Kennedy Wilson Venture Purchases Second Largest Multifamily Complex in Seattle Area
1/18/11
A Kennedy Wilson-led venture has acquired Club Palisades, a 750-unit multifamily community in Federal Way, WA. The property is the second largest multifamily asset in the Seattle metro area and was purchased as an REO from a ...
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• Westside Real Estate Pros Want to Be Your Industry Partners
1/18/11
LA brokerage veteran Jim Jacobsen has formed Industry Partners, an entrepreneurial real estate services firm specializing in the representation of landlords, tenants and developers with a particular focus on creative work env...
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• Kennedy Wilson Brings in $5.6 Mil from Auction Webcast for Luxury Homes in Hawaii
1/17/11
Kennedy Wilson racked up total sales of $5.6 mil for six luxury residential homes at Waì‛nani at Po‛ipū at a recent auction held at the Grand Hyatt Kauai Resort & Spa. There were75 people in attendance along ...
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• SF Valley Buyer Acquires Inland Empire Strip Center
1/14/11
Stoney Creek Retail Center, a 14.3k sf retail strip center located at 7354 Stoney Creek Dr in Highland, was purchased by Infinity Commercial Group LLC, out of Canoga Park, for $2.1 mil ($147/sf) in an all-cash deal. The REO ...
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• Ronald J. Platisha Named as COO at BH Properties
1/12/11
Ronald J. Platisha has been promoted to the newly created position of Chief Operations Officer for BH Properties, a privately held national commercial real estate investment firm. Platisha will lead the organizational operat...
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• Citigroup Center High-Rise in Downtown LA Awarded LEED Gold Certification
1/11/11
Citigroup Center, a 48-story, 891k sf skyscraper located at 444 South Flower St in downtown LA, was awarded Gold certification under the U.S. Green Building Council's LEED® rating system for Existing Buildings. Designed by A....
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• Torrance Industrial Deal Fit for a King
1/11/11
King’s Harbor Church, whose origins go back to the 1930s in the South Bay area of Los Angeles, recently inked a 10-year, $2.6 mil renewal for a 28k sf ($0.77/sf/mo) portion of a larger industrial building in Torrance, where i...
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• LA Low-Income Housing Portfolio Fetches $9.7 Mil
1/11/11
Preservation Partners Development of Torrance has purchased a 124-unit low-income housing portfolio in Los Angeles for $9.72 mil ($78k/unit). The five-building portfolio, sold by Arcadia-based Pl Properties, was in escrow for...
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• Agensys Acquires 4-Acre Santa Monica Property for New Development
1/10/11
Biotech firm Agensys Inc will build a new, 160k sf state-of-the-art office/R&D/manufacturing facility in Santa Monica after purchasing the leasehold interest to a four-acre site at 1800 Stewart St from The Lionstone Group. Th...
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• ULI Los Angeles and UCLA Ziman Center to Host First Annual VantageForum
1/07/11
Three years into one of the most tumultuous real estate markets in history, investors, homeowners, economists and business leaders are looking for answers. Is 2011 the year the real estate market bounces back, or will it be ...
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• Former Circuit City in Burbank Converted into New Ashley Furniture HomeStore
1/06/11
A former Circuit City building in downtown Burbank has been converted into a new Ashley Furniture HomeStore. The 31k sf property, located at 401 N. 1st St, is owned by Crown Realty & Development Inc and was recently leased by...
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• SoCal Multifamily Sales Comps
1/06/11
WEST LOS ANGELES (Los Angeles County) – The Atrium, an 18-unit multifamily property at 424 S. Holt Ave, was acquired by a private investor for $6.8 mil ($377.8k/unit). Hamid Soroudi of Charles Dunn Company represented both th...
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• Downtown LA Deal Review for 2010
1/05/11
In this report, you’ll find a review of roughly 20 closed sale and lease transactions in downtown Los Angeles from the past 12 months or so. The report will also give you a better idea of what you can expect to find in RENTV’...
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• Essex Closes $43 Mil Glendale Multifamily Buy
1/04/11
Essex Property Trust acquired a 115-unit multifamily project in Glendale for $43 mil. The four-level property, which was purchased from the receivership estate, traded at a price of $374k/unit. Located at 416 Broadway, the co...
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• Rubicon Project Inks Pair of Leases for 54k sf of West LA Office Space
1/04/11
The Rubicon Project closed two office leases totaling 54k sf at 1925 and 1933 S. Bundy Dr in West Los Angeles. The company, a digital advertising technology firm, extended its lease at 1925 and signed an additional lease at 1...
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• Premier Renews Premier Century City Space
1/04/11
Premier Business Centers, one of the biggest executive suites operators in the US, renewed its 38.2k sf of prime office space at 1875 Century Park East in Century City. Owned by Watt Management, the building is one of two hig...
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• US GSA Lands on Saturn
1/03/11
The U.S. General Services Administration signed a long-term lease for Saturn Center, a 40.2k sf flex space project in Monterey Park. Located at 1938 and 1968 Saturn St, east of Garfield Ave and north of I-60, the property con...
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• Sommer, Robinson and Kantor Join Grubb & Ellis
1/03/11
Arlene Sommer and Mark Robinson have joined Grubb & Ellis’ Office Group as Executive Vice Presidents, along with Evan Kantor who joins as a Senior Associate. Specializing in office tenant representation, primarily in the med...
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