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• Sherman Oaks Apartment Building Trades for $9.4 Mil
9/28/10
In a notable recent apartment comp from the San Fernando Valley, a private partnership paid $9.4 mil for Sonoma Gardens, a 74-unit ($127k/unit) building in Sherman Oaks. The property is located at 14355 Huston St, north of th...
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• Buyers Snapping Up Smaller Santa Monica Office Properties
9/28/10
A 4.6k sf office building in Santa Monica traded hands in a recent $2.8 mil ($609/sf) all-cash transaction. The property, located at 1244 6th St in Santa Monica, was purchased by Argyropoulos Investors. The two-story office b...
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• Doll Amir & Eley LLP Signs Expansion/Renewal Deal in Century City
9/23/10
In the latest law firm leasing activity, the law firm of Doll Amir & Eley inked an expansion/renewal deal for 6.7k sf of space at 1888 Century Park East in Century City. The eight-year deal is valued at approximately $1.9 mi...
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• New Downtown LA Tenant Will Build Your Dreams
9/22/10
BYD Auto, a Chinese electric car manufacturer that also goes by the longer version of their name, Build Your Dreams, inked a 10-year lease for a 30k sf office building in the southern part of downtown Los Angeles. The propert...
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• Investors Spend Over $4 Mil on Agoura Hills Office Properties
9/22/10
Two office buildings totaling 24.8k sf in Agoura Hills sold in separate transactions with a combined value of $4.1 mil.
In one of the transactions, Agoura Hills-based Aspen Environmental Group, an environmental consulting fi...
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• LACRA Broker Challenge Raises $100k for Family Service of Santa Monica
9/21/10
On Monday, the Los Angeles Commercial Realty Association (LACRA) raised approximately $100,000 at the 24th Annual Broker Challenge benefiting Family Service of Santa Monica. The event was chaired by Chris Strickfaden of Jone...
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• Law Firm Inks $18 Mil Century City Office Renewal
9/21/10
In recent leasing activity from West Los Angeles, the law firm of Pachulski Stang Ziehl & Jones LLP inked an $18 mil renewal for 31.6k sf of space in Century City, relocating within its existing building at 10100 Santa Monica...
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• Torrance Seller Gets Psychological Help in $8 Mil Deal
9/17/10
In recent industrial activity from LA’s South Bay region, Western Psychological Services (WPS), publishers of psychological and educational assessments, purchased a 65.6k sf facility in Torrance for $8 mil, or about $122/sf. ...
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• Hobbytron Takes Control of 93k sf Valencia Facility
9/16/10
Hobbytron.com, a leading online retailer of remote control and Airsoft toys, leased a 93.2k sf industrial building in Valencia, for a two-fold expansion of its headquarters and distribution center. The facility is located at...
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• KBS REIT II Buys Downtown LA Office Tower for $208 Mil
9/15/10
By Allen Wolfsheimer
In news of a major downtown Los Angeles office sale, Newport Beach-based KBS Real Estate Investment Trust II has acquired Union Bank Plaza, a landmark 627.3k sf office tower and retail complex located at...
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• Kennedy Wilson and Fairfax Financial Holdings Team Up in $278 Mil Venture
9/14/10
In the latest major news from international real estate investment and services firm Kennedy Wilson, the company has formed a $278 mil investment partnership with subsidiaries of Fairfax Financial Holdings Limited to pursue a...
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• David Myers Group Acquires Hollywood Retail Units For $7.21 Mil
9/13/10
David Myers Group, a restaurant group featuring award-winning culinary concepts, purchased for $7.21 Mil ($582/sf) two ground floor units totaling roughly 12.4k sf in the Equitable Building at 6253 Hollywood Blvd, at the corn...
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• Kennedy Wilson to Auction $81 Mil REO Portfolio
9/10/10
Kennedy Wilson, the Beverly Hills-based international real estate firm, has been retained by a major financial institution to conduct an auction for $80.9 mil of bank-owned REO properties. The portfolio consists of 12 propert...
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• Third Street Promenade Mixed-Use Property in Santa Monica Trades Hands
9/10/10
By Allen Wolfsheimer
A joint venture of Santa Monica-based Metropolitan Pacific Capital and ING Clarion, out of NY, has acquired Criterion on Third, a 52.5k sf mixed-use property located at the very desirable corner of the T...
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• BRE Collects $24.6 Mil from Inland Empire Apt Sale
9/09/10
By Allen Wolfsheimer
For BRE, proceeds of this sale helped the company move forward with a new SoCal acquisition of its own, paying $166 mil for Aqua Marina del Rey, a 500-unit community in the upscale, West Los Angeles area...
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• Draftsmen & Craftsmen
9/08/10
Hodgdon-Miank Construction has completed a major renovation of the former Circuit City in Hawthorne for a new Ashley Furniture HomeStore, which celebrated its grand opening on September 1st. Located in the South Bay area of ...
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• SRO Housing Trust Acquires Historic LA Hotel
9/08/10
The Rosslyn Hotel, a historic 264-room residential hotel in downtown Los Angeles, recently sold for $12.1 mil ($46k/room). The property, located at 112 W. 5th St, was purchased by SRO Housing Trust. It was sold by JHK Group L...
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• El Segundo Office Project Lands $60 Mil in Financing
9/08/10
JH Snyder Company and Goldstein Planting Investments have obtained $60 mil in financing for their Gateway Office Project in El Segundo. The financing was arranged by George Smith Partners and included $47 mil of CMBS nonreco...
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• LA Apartment Community Fetches $3 Mil in Lender Short Sale
9/07/10
A72-unit apartment community consisting of two properties in Los Angeles was sold for $3 mil in a lender short sale. The properties, 5th & Maryland Apartments, are located at 1329 West 5th
St & 1326 Maryland St, north of Wils...
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• NewMark Merrill Closes 165k sf CO Retail Buy
9/02/10
NewMark Merrill Mountain States closed on a notable retail acquisition in Colorado, having paid $3.35 mil for Arvada Marketplace East, a 164.6k sf shopping center located at the northeast quadrant of I-70 and Wadsworth Blvd i...
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