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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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• SoCal Industrial Property Owner Finally Lands Dreamgirl
3/30/10
Dreamgirl, an international manufacturer and marketer of contemporary costumes and lingerie, recently inked a lease for 93k sf of industrial space within the 1.5 msf Cheli Distribution Center in Bell. The $3 mil transaction w...
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• Investor Pays $385k/Unit for West Los Angeles Multifamily Property
3/29/10
An eight-unit apartment building in the Brentwood area of West Los Angeles was acquired by a private investor for $3.08 mil, or roughly $385k/unit. The property is located at 326 Gretna Green Way, south of Sunset Blvd and a b...
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• Glendale Office Property Sells for Just Under $200/sf
3/26/10
In the latest deal news from the Tri-Cities area, a 16.8k sf office property in Glendale sold for $3.3 mil, or about $196/sf. Constructed in 1979, the building is located on a 30.6k sf lot at 750 Fairmont Ave, east of San Fer...
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• CCG Signs for 20k sf of Pasadena Space
3/25/10
The California Credits Group LLC (CCG) inked a long-term lease for 20.7k sf of space at Corporate Center Pasadena, a Class A, mixed-use project in Pasadena's vibrant South Lake Avenue business and shopping district. The prope...
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• Johnson Capital Provides Financing for Pair of $9 Mil SoCal Deals
3/24/10
Johnson Capital’s Kevin Burkhalter has arranged financing for two $9 mil SoCal transactions, one a retail center and the other an industrial property.
In the other deal, Burkhalter arranged $9.4 mil on a 284.6k sf single-ten...
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• Local Investor Acquires 56-Unit Apartment Complex in LA’s Beverly Grove Area
3/23/10
Terraces at the Grove, a 56-unit luxury apartment complex located within a few blocks of the Beverly Center in the Beverly Grove area of Los Angeles, was acquired by a local family buyer for $12.8 mil, or about $228.6k/unit. ...
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• Culver City Renovation Project Awarded LEED Gold Certification
3/22/10
The LEED (Leadership in Energy and Environmental Design) Gold Certification, the second highest sustainability designation awarded by the U.S. Green Building Council was recently awarded to Urban Offerings Inc and their partn...
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• E!normous West LA Office Renewal
3/18/10
E! Entertainment Television inked one of the largest West LA office leases in some time, agreeing to a 10-year renewal of its 355.3k sf space at the Wilshire Courtyard office complex, located at 5700 and 5750 Wilshire Blvd in...
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• Gangi Development Looking to Re-Position Distressed Res Condo Projects
3/16/10
Burbank-based Gangi Development Company is actively seeking distressed residential condo projects currently being held by banks and that can be readily re-positioned into affordable housing. Gangi is working with an opportuni...
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