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• Sperry Van Ness/Guardian to Hold Auction for Dozens of Distressed Properties
6/26/09
Looking for distressed property opportunities? You might want to check out Sperry Van Ness/Guardian’s MarketMaker Western Regional Commercial Property Auction to be held July 30 at 2 p.m. at the Hyatt Regency Century Plaza in...
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• South Bay Retail Center Sells for $45 Mil
6/25/09
In one of the larger SoCal retail investment deals we’ve reported so far in 2009, a 144.7k sf center in the South Bay city of Seal Beach traded hands in a $45.3 mil ($313/sf) transaction. The property, Old Ranch Towne Center,...
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• West LA Mixed-Use Property Sells for $7.4 Mil
6/23/09
A 38k sf mixed-use property in LA’s Miracle Mile area recently traded hands in a $7.4 mil ($195/sf) transaction. The property, located at 6317 Wilshire Blvd, is situated across the street from the renowned headquarters of pub...
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• East LA Retail Center Fetches $160/sf
6/22/09
Fetterly Plaza, an 18.4k sf retail property located at 753-761 S. Fetterly Ave, north of Whittier Blvd and east of the 710 Fwy in East Los Angeles, sold for $2.95 mil ($160/sf). The two-story property, which is located within...
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• Industrial Users Look for Deals in Santa Fe Springs
6/22/09
Industrial real estate in Los Angeles’ Mid-Cities region remains in demand, as evidenced by a pair of recent transactions in the city of Santa Fe Springs. The deals, one a lease and the other a sale, total up to $3.5 mil.
...
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• Sales at The Mercury Should Rise after Purchase of 149 Units by Kennedy Wilson Venture
6/19/09
An investment partnership led by Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Blvd and Western Ave, from investors led by Forest City Reside...
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• Miller and Siegel Join Studley’s Retail Services Group
6/18/09
Kyle Miller and Ben Siegel have joined Studley’s National Retail Services Group, out of the firm’s downtown Los Angeles office. The two will focus on retail investment sales.
Miller, an expert in the acquisition a...
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• FDIC Relinquishes Majority of WaMu’s 250k sf Lease at Quintana Campus in Irvine
6/18/09
In an unusual move that has had a deleterious effect on the status of one of Maguire Properties’ Orange County properties, The Federal Deposit Insurance Corporation (FDIC), as receiver for Washington Mutual Bank (WAMU), relin...
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• Lowe Opens Terranea Resort on Former Marineland Site
6/17/09
Terranea (terra-NAY-a) Resort, an exciting new SoCal coastal resort from Lowe Enterprises, just opened to the public. Among the largest development projects to open in Los Angeles County this year, the 582-room, Mediterranean...
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• Forming Specialties Acquires 40k sf Compton Facility
6/16/09
Forming Specialties Inc, a sheet metal forming company that services the aerospace and aircraft industries, acquired a 40k sf industrial building in Compton for $3.36 mil ($84/sf). The property is located on a 79.3k site at 1...
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• University of California Regents Acquires 123k sf Medical Plaza in $43 Mil Deal
6/12/09
In one of the larger real estate transactions on Los Angeles’ Westside so far in 2009, the Regents of the University of California acquired 100 UCLA Medical Plaza, a seven-story, 123k sf medical office property located adjace...
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• West Hollywood Apartment Property Sells for $2.08 Mil
6/11/09
A 16-unit multifamily community in West Hollywood traded hands in a recent transaction worth $2.075 mil ($129.7k/unit). The property, which is located at 620 N. Sweetzer, south of Melrose Ave and east of La Cienega Blvd, was ...
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• HFF Arranges $6.4 Mil on Long Beach Apartment Community
6/10/09
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) arranged $6.4 mil in financing for Esther Ridge Apartments, a 78-unit multifamily community located at 630-800 East Esther Ave, close to the Long Beach and San Di...
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• Investor Gets Square Deal on Triangle Drive in City of Commerce
6/09/09
In a recent City of Commerce industrial sale, a 30k sf facility located at 6099 Triangle Dr, south of Slauson Ave and east of Garfield Ave, sold for $3 mil, or about $100/sf. The property was acquired by Cook Family Trust. Bu...
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• LA Apartment Market Still Relatively Healthy
6/08/09
Although Los Angeles' multi-family market is expected to remain one of the healthiest property sectors, fundamentals will soften as the economy progresses through the recession and payroll cuts suppress demand, according to a...
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• AMCAL Completes Panorama City Affordable Housing Development
6/04/09
A new 55-unit family affordable apartment development in the northeastern San Fernando Valley community of Panorama City just opened to the public. The project, Villas Las Americas, is a development of Calabasas-based AMCAL M...
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• Maguire Properties Adds Gillfillan and Sullivan to Its Board
6/03/09
Maguire Properties Inc, the big LA-based office building REIT, has expanded its board and elected two directors. The Board of Directors of the Company has been temporarily increased to nine members, with Michael J. Gillfillan...
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• Long Beach Retail Property Sells for $3.5 Mil
6/02/09
A 24.8k sf street-front retail building in the city of Long Beach was acquired by a local family trust for $3.5 mil, or about $140/sf. The asset is located at the intersection of 3rd St and Pine Ave in the heart of the city’s...
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• Higgins Goes for the Gold in Burbank
6/02/09
2300 Empire Center, a new, 363k sf spec office building in Burbank, is currently under final review for Core and Shell LEEDR CS Gold certification from U.S. Building Green Council. The building, a project of Chicago-based Hig...
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• Howdy Partner!
6/01/09
Partner Engineering and Science, a national environmental engineering and consulting firm has entered into a joint-venture with Tony Liou to launch Partner Energy, an advisory firm designed to assist commercial building owner...
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