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• El Segundo Live/Work Building Fetches $150/sf
4/22/10
A 4.6k sf “live/work” building in El Segundo sold for $695k ($151/sf). Located at 113 Sheldon St, a couple of blocks south of Grand Ave and midway between Sepulveda Blvd and the coastline, the office/warehouse building contai...
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• 107-Unit Hollywood Apartment Portfolio Trades for Over $7 Mil
4/21/10
Madison Partners’ Darin Beebower of Madison Partners has been involved in a number of notable multifamily asset sales in SoCal.
This includes the recent $7.15 mil sale of the Kenmore Apartment Portfolio, three 1920’s vinta...
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• Ashley Furniture Picks Up Former Circuit City Building in LA’s South Bay
4/21/10
Ashley Furniture Industries Inc has purchased a former Circuit City building in Hawthorne. Located at 14600 Ocean Gate Ave, south of Rosecrans Ave and west of Inglewood Ave, the 34k sf retail building faces the 405 Fwy, just ...
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• Mesa West Capital Provides $44 Mil on Glendale Office Tower
4/20/10
In a major LA-area office financing deal, Mesa West Capital has provided $44 mil in first mortgage financing on 500 North Brand Ave, a 22-story, 420k sf, Class A LEED-certified building. The property is owned by CB Richard El...
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• Team of Top LA Brokers Form New Real Estate Services Venture
4/20/10
Six of Los Angeles' most successful commercial real estate brokers, along with their 12-person brokerage and administrative team, have realigned and renamed their firm LA Realty Partners. The firm is headed by brokers Hunt Ba...
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• Lowe Enterprises Completes The Lido Shuffle for $9.4 Mil
4/19/10
The Lido Apartments, a 1928-vintage, 100-unit multifamily property in Hollywood, was acquired by Lowe Enterprises for $9.4 mil, or about $94k/unit. The building is located at 6500 Yucca St, one block northwest of the intersec...
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• Seasons Greetings Come Early in $4.5 Mil Calabasas Deal
4/19/10
Seasons Greetings LLP has acquired an 18k sf mixed-use office and multifamily property in Calabasas for $4.5 mil ($250/sf) in an all-cash transaction. The property is located at 24100 and 24106 Calabasas Rd, south of the 101 ...
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• Santa Barbara Investor Spends $5.6 Mil on Tarzana Apartment Property
4/15/10
Tarzana Courtyard, a 52-unit apartment community in the San Fernando Valley community of Tarzana, sold for $5.6 mil ($107.7k/unit). Located at 18400 Collins St, west of Reseda Blvd and north of the 101 Fwy, the property had ...
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• Owner/User Acquires 112k sf City of Industry Facility
4/15/10
In a sizable owner/user buy in the City of Industry, Sun Hing Foods inc paid $9.9 mil for an 111.8k sf ($89/sf) structure located at 14841 Don Julian Rd, west of Hacienda Blvd and north of the 60 Fwy. The buyer, a food whole...
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• West LA Office Building Sells for $16 Mil
4/14/10
An 82k sf office building in West Los Angeles was acquired by an investment entity for $16 mil, or about $195/sf. The three-story, multi-tenant building is located at 12304 Santa Monica Blvd, south of Wilshire Blvd and two bl...
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• Meredith Corp Takes 28k sf of Culver City Office Space
4/13/10
In a Westside lease from a couple of months earlier, Cara Communications/Vin Di Bona Productions agreed to a five-year, $2.8 mil renewal deal for 14.5k sf ($3.22/sf/mo) of space at 12233 W. Olympic Blvd. The Class A high-rise...
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• Go Film Goes for Boutique Hollywood Building
4/08/10
In a recent Hollywood owner/user acquisition, Go Film, a leading commercial production company, purchased a 4.3k sf boutique office building for its new Los Angeles Headquarters. The flex building is located at 6507 De Longpr...
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• Diamond Bar Industrial Park Sells for $14 Mil
4/07/10
A three-building, 165.7k sf industrial park in Diamond Bar sold for $13.975 mil, or about $84/sf. The property is located at 745-831 S. Lemon Ave, 20507-20547 and 20529-20847 Walnut Dr, north of I-60.
Al Pekarcik, Dan Vitto...
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• $14 Mil Single-Tenant Retail Sale is Super!
4/06/10
An 88.3k sf single-tenant retail property occupied by El Super Grocery Store in the city of Paramount traded hands in a $14 mil ($159/sf) deal that closed escrow in just five days. The buyer, Los Angeles-based Wolf Trust, pai...
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• Owner/User Buys 335k sf Vernon Facility
4/06/10
In a large industrial acquisition from LA’s mid-cities region, a 335k sf multi-tenant building in Vernon traded hands. The building is located at 4150 Bandini Blvd, west of the 710 Fwy and north of Slauson Ave. The price was...
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• $5 Mil in Renovation Work Completed for Redondo Beach USD
4/05/10
A $4.8 mil renovation of the Redondo Beach Unified School District’s Madison, Birney and Beryl Elementary Schools was just completed. The architecture firm of Westberg & White of Tustin designed the projects, while Barnhart ...
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• La Brea Bakery Cooks Up Pair of Transactions on 130k sf Van Nuys Industrial Building
4/02/10
La Brea Bakery recently inked two separate deals on a 129.5k sf industrial property in Van Nuys that the company has been leasing from Prudential. La Brea Bakery still had 4.5 years remaining on their original lease at the b...
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• Monrovia’s Old Town Gets New Mixed-Use Res Community
4/02/10
Paragon at Old Town, a new mixed-use apartment community in Monrovia’s historic Old Town district, just opened its doors. Developed by Urban Housing Group, Paragon at Old Town provides amenity-rich living within walking-dista...
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• Van Nuys Retail Lease is a Cut Above
4/01/10
In a San Fernando Valley retail deal, the Academy of Barbering Arts signed a $1.7 mil, long-term lease for 8.5k sf of space at The Plant retail center in Van Nuys. The trade school is relocating from Northridge to its new loc...
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• San Fernando Valley Apartment Property Sells for $3.75 Mil
3/30/10
A 16-unit condominium complex in Panorama City currently being operated as an apartment complex sold for $3.75 mil ($234.4k/unit). The property is located at 9201 Tobias Ave, north of Nordhoff St and a block west of Van Nuys ...
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