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• Platinum Equity Acquires Majority Interest in Daum Commercial
1/19/09
Platinum Equity has announced that they’ve purchased a majority stake in DAUM Commercial Real Estate Services, the regional brokerage firm based out of Los Angeles. Founded in 1904, DAUM has 10 offices in Southern California...
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• Monem Corp Acquires Three LA Apartment Properties in December 2008
1/15/09
LA-based Monem Corporation closed out 2008 with three multifamily acquisitions, totaling 35 units, during the month of December. One of the buys was a 15-unit asset at 843 Ardmore, east of Western Ave and south of Wilshire Bl...
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• Trans-Freight Inks Deal for 96k sf Rancho Dominguez Facility
1/13/09
In a recent Rancho Dominguez industrial lease, Trans-Freight Express, a warehouser and distributor of coffee products, a variety of dry household commodities, vehicles and machinery, has inked a six-year, $4 mil lease for a 9...
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• Pair of $25 Mil West LA Multifamily Listings Hit the Market
1/13/09
Financing for real estate acquisitions may be a major challenge these days, but there continues to be substantial investment opportunities for those buyers who can find ways to come up with the purchase money. For example, we...
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• Camarillo Office Property Trades for $18 Mil
1/09/09
Plaza 5051 at Mission Oaks, the newest Class A office building in Camarillo, was recently purchased by The Foundation Group, a local private investor. The 51.5k sf property, located at 5051 Verdugo Way, north of the 101 Fwy a...
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• $9 Mil LA Retail Opportunity is Fresh & Easy
1/08/09
Here’s the scoop on two recent retail investment listings, one in the LA area and the other in Phoenix, both offered at close to $10 mil. Investors searching for an Arizona acquisition might want to check out a three-property...
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• New RENTV Executive Report: San Fernando Valley Hot Transactions
1/07/09
Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the San Fernando Valley, a massive region in the northwest part of Los Angeles that almost seceded from the city a few years ba...
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• BOMA GLA Announces New Officers and Directors
1/06/09
The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) has inducted a new Board of Directors, effective as of January 1, 2009. The BOMA/GLA Executive Board will guide the large SoCal commercial real es...
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• Huntington Reproductive Center Locks Up Encino Office Space
12/30/08
Huntington Reproductive Center (HRC) recently locked up a lease agreement for 17k sf of medical office space in the upscale San Fernando Valley community of Encino. The firm will occupy a portion of the first and second floor...
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• Advanced Real Estate Services Acquires The Courtyards from Kennedy Wilson
12/30/08
The Courtyards, a 153-unit apartment community at 12401 Studebaker Rd, east of the 605 Fwy and south of Firestone Blvd in Norwalk, was acquired in a $21.9 mil ($143k/unit) transaction by Advanced Real Estate Services Inc, a t...
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• LA Apartment Owner Wins Density Bonus Case against City of Los Angeles
12/29/08
A recent court ruling favored a property owner/developer in an action against the city of Los Angeles, which had attempted to impose design restrictions on a proposed infill project that would have made it financially impossi...
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• AMCAL Debuts 49-Unit Affordable Development in South LA
12/24/08
Following the successful opening of Temple Villas in Echo Park/Beaudry, Agoura Hills-based AMCAL Multi-Housing Inc continues its rapid expansion throughout Los Angeles with the opening of Casa de Angeles. Located at 4900 S. ...
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• Magellan Discovers $31 Mil of Financing for Commerce Industrial Park
12/22/08
The Magellan Group recapitalized Grace Place Industrial, a 531k sf industrial complex in the City of Commerce, with $31.35 mil in new financing, which includes a new $25.6 mil first mortgage provided by Mesa West Capital. Mag...
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• Countrywide Collects $15.6 Mil from Office Building Disposition
12/19/08
How times have changed. Less than a year ago Countrywide was one of the biggest real estate lenders in the nation as well as one of the largest space occupiers in the West San Fernando Valley and Conejo Valley. Today they’re ...
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• Overton Moore Heads North in Fremont Property Buy
12/18/08
Overton Moore Properties (OMP), the big SoCal-based owner and developer of business parks, has turned its attention to Northern California with the recent acquisition of a 506k sf industrial property in the East Bay. The buil...
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• Economic Slowdown No Deterrent for New Spec Industrial Project
12/18/08
Newport Beach-based Western Realco recently got underway with a major new development in Southern California – a spec 400k sf distribution facility in the City of Commerce. While some may question the wisdom of moving forward...
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• La Mirada Property Owner Cuts Big Records Deal
12/18/08
In recent industrial leasing activity from the eastern edge of Los Angeles County, LA Records LLC agreed to a five-year, $4.3 mil deal for a 127.7k sf ($0.56/sf/mo) facility located at 14051 Rosecrans Ave, east of the I-5 and...
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• Annual SoCal AIR Event to Provide Insight into Coming Year
12/17/08
One of the biggest SoCal industry forecast events of the year, AIR’s Annual “Market Review & Forecast”, is set for Jan. 28, 2009 at the Jonathan Club in downtown Los Angeles. Particularly in light of the difficult economic cl...
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• David Fincher Inks Deal for 1920s-Era Hollywood Building
12/16/08
An older Hollywood building that harks back to the city’s glamour days of the 1920s was snapped up in a recent lease by an entertainment industry user. In this latest transaction, director David Fincher leased a 3.4k sf build...
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• Hines Becomes Cabi Driver
12/12/08
Houston-based Hines recently saw its SoCal office portfolio grow considerably, after acquiring close to 4.5 msf of assets from Cabi Developers, the US entity of Mexico’s Giesa, which had been unable to keep up on the mortgage...
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