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• CREW-LA Announces 2010 Board of Directors
11/11/09
The LA chapter of Commercial Real Estate Women (CREW-LA) just announced its 2010 Board of Directors. The Board is comprised of top-level real estate executives from all aspects of the real estate industry. As one of 68 membe...
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• Santa Monica Gets Hot New Retail Tenant
11/10/09
Here’s the scoop on a recent retail lease on LA’s Westside, as Hot 8 Yoga took 4.6k sf of space at 1422 Second St, a block north of Ocean Ave on the south side of Santa Monica Blvd, in Santa Monica. The 10-year transaction is...
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• Recent Signings at Westwood Tower Total Up to $7 Mil
11/10/09
Recent lease transactions at a Westwood Village office property have totaled $7 mil and 43k sf of space. The building, located at 10960 Wilshire Blvd, is owned by Equity Office Properties. Andrew Goodman, in-house exec at Equ...
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• Receiver’s Sale of Torrance Multifamily Asset Generates $28 Mil
11/09/09
Hampton at South Bay, a 152-unit, 156.3k sf luxury apartment building in Torrance, sold in a court-appointed receiver’s ale valued at $28.1 mil, or about 185k/unit. The property is located at 20707 Anza Ave, west of Hawthorne...
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• BOMA/GLA’s Holiday Toy Drive 2009 Kicks Off this Week!
11/09/09
It’s that time of year again and as you begin planning for the holidays, BOMA of Greater Los Angeles hopes you’ll consider displaying one or more donation boxes in the lobby to collect toys, food and clothing for the 19 highl...
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• Online Media Company Inks Demanding Sublease Deal in Santa Monica
11/06/09
Demand Media signed a 40-month sublease agreement for the entire 19.4k sf fifth floor at 1299 Ocean Ave in Santa Monica. The deal, which commences in December, represents an expansion for the online media company, which curre...
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• James Kasim Returns to BentleyForbes as President and COO
11/06/09
James M. Kasim has been named President and Chief Operating Officer at BentleyForbes, where he previously served as Executive Vice President and Chief Financial Officer from 2005 to 2008. Kasim will also join the privately he...
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• Bill Chadwick Appointed CEO of Multi-Housing Capital Advisors
11/05/09
William J. (“Bill”) Chadwick, a veteran Los Angeles real estate investment banker, has been appointed Chief Executive Officer of Multi-Housing Capital Advisors Inc. (MHCA). As CEO, Chadwick will work with real estate operatin...
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• 29-Unit Apartment Property in LA’s Chinatown Sells for $4.5 Mil
11/05/09
A 29-unit, bank-owned (REO) luxury apartment property in the heart of LA’s Chinatown traded hands in a recent $4.52 mil ($155.9k/unit) transaction. Located contiguously at 700-704 N. Hill and 709-711 N. Yale Streets, the four...
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• NAI Capital’s Jeremy Barbakow Negotiates Baker’s Dozen of Leases
11/04/09
NAI Capital’s Jeremy Barbakow, a Senior Vice President out of the company’s Encino office, recently brokered 13 separate lease transactions with a combined value of over $2.5 mil. Here’s a review of the transactions:
• Barb...
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• Trio of Multifamily Properties in LA’s Koreatown Sell for Over $7 Mil
11/03/09
A Los Angeles-based real estate investment company acquired the Kenmore Apartment Portfolio, three 1920’s vintage apartment complexes located in the heart of LA’s Koreatown, an area that is currently undergoing an urban renai...
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• National Bank of California Inks $12 Mil Lease in Brentwood
11/03/09
National Bank of California recently signed a lease for 26k sf of space at Wilshire Bundy Plaza in West LA. The bank – not to be confused with California National Bank, which was just taken over by the FDIC – will occupy the ...
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• Rexford Signs Nearly 850k sf of Leases Year-to-Date
10/30/09
Rexford Industrial LLC, the SoCal-based privately held industrial real estate firm, has completed a total of 846.6k sf of new leases and renewals year-to-date. This includes 49 new leases totaling 464.7k sf and 47 renewals to...
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• LA Apartment Market Still Softening
10/29/09
Like much of Southern California, Los Angeles County is besieged by severe job losses, a battered housing market and falling household incomes. According to a fourth-quarter Apartment Research Report by Marcus & Millichap, ap...
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• Cogent Communications Signs Leases for Almost 20k sf
10/28/09
Transwestern recently brokered three leases on behalf of Cogent Communications Inc totaling 18.7k sf of space and located throughout Southern California and Georgia. The deals have a combined value of approximately $4.2 mil....
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• Albee, Gould and Itule Join Encino Office of Colliers International
10/26/09
Jeff Albee, Jeff Gould and Chris Itule have joined Colliers International, specializing in office, retail and multifamily investment properties throughout the San Fernando Valley. Based out of the company's Encino office, Alb...
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• AMCAL Breaks Ground on New LA Affordable Housing Project
10/26/09
AMCAL Multi-Housing Inc recently broke ground on Andalucia Heights, a new housing development designed to provide low-income families in Los Angeles with a safe and affordable place to live. Located in L.A.’s Westlake distri...
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• Rexford Spends $10 Mil on Downey Light Industrial Property
10/23/09
A newly constructed 176k sf light industrial property in the city of Downey was purchased by LA-based Rexford Industrial LLC for $9.93 mil ($56/sf). The property is situated on just over seven acres at 9220-9268 Hall Rd, wes...
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• Premier Business Centers Takes over Former Synergy Space in Beverly Hills
10/22/09
Premier Business Centers, the big executive suites firm based out of Irvine, assumed a six-year lease formerly held by Synergy for 25.8k sf at 9701 Wilshire Blvd, a 12-story, 110k sf office tower in a highly desirable Beverly...
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• Columbia Manufacturing Leases 110k sf Gardena Industrial Property
10/22/09
In a big industrial lease in LA’s South Bay, Columbia Manufacturing Corp inked a deal for a two-building, 110k sf property in Gardena. The five-year transaction has a value of $2.5 mil, or about $0.38/sf/mo.
Columbia, a cen...
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