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• Update on LA’s Plan to Alter Traffic Patterns on Olympic and Pico
2/20/08
Here’s a recent update about a proposed plan to alter traffic routes in West LA that is of great interest to many commuters, along with many local businesses, property owners and residents in the area. The article is reprinte...
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• Birtcher and Cornerstone Close $68 Mil Santa Fe Springs Buy
2/15/08
A 608.2k sf industrial property in Santa Fe Springs was acquired by OC-based Birtcher Development & Investments, along with its joint venture partner, an institutional investor represented by Cornerstone Real Estate Advisers ...
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• West LA Office Building Sells for $29 Mil
2/15/08
A three-story, 82.3k sf office building in West Los Angeles, called Santa Monica-Wellesley Plaza, was sold in a $28.9 mil ($351/sf) deal. Located at 12304 Santa Monica Blvd, west of Bundy Dr, the building was completed in 198...
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• Master Development and GE Close on Sixth Joint Acquisition
2/14/08
A 113.5k sf single-tenant industrial building in Vernon became the sixth acquisition for a joint venture between Master Development Corporation (MDC) and GE Asset Management (GEAM) in a recent transaction valued at $10.4 mil ...
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• In STORZ Now - $40 Mil El Segundo Office Building
2/13/08
Grand Avenue Executive Center, a 121.1k sf Class A office property at 2151 Grand Ave in El Segundo’s Superblock area, was purchased by KARL STORZ Endoscopy-America Inc for just under $40 mil ($330/sf). The four-story structur...
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• Hollywood a Hit with Developers and Tenants
2/12/08
Despite the negative impact of sub-prime problems across the country, Hollywood appears to remain unaffected and, per a forecast by 55-year-old Los Angeles-based Ramsey-Shilling Commercial Real Estate Services, is the single ...
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• Santa Monica Site Acquired for New 50k sf Outpatient Medical Center
2/11/08
A 30k sf parcel of land located across the street from the Santa Monica UCLA Medical Center in Santa Monica was purchased by Arnon Development for $13.25 mil. The site, which is planned for development as an outpatient medica...
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• The Shifting Sands of Real Estate
2/08/08
by Steve Bloom
Here at RENTV, we had been aware of Fred Sands' real estate investment group called Vintage Real Estate, but the company really started catching our attention last month when we covered its purchase of a regional mall in the ...
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• Phil Angelides Joins Canyon Capital Realty Advisors
2/07/08
Former California State Treasurer Phil Angelides is joining Canyon Capital Realty Advisors (CCRA) as a Principal of the firm and as Chairman of the newly-created Canyon-Johnson Urban Communities Fund. The new fund, a partner...
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• 141-Unit Reseda Community Offered for $17.5 Mil
2/06/08
A 141-unit multi-family complex in the central San Fernando Valley community of Reseda has been offered for sale with an asking price of $17.5 mil, or just over $124k/unit. The 92.1k sf property, called Villa La Paloma, is lo...
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• Pair of Downtown LA Office Buildings Trade in $18.5 Mil Deal
2/05/08
A private investor nabbed a two-building, 98k sf office portfolio in downtown Los Angeles in a recent deal valued at $18.5 mil ($189/sf). The acquisition consists of a 37.9k sf building at 1111 West 6th St and a 60k sf buildi...
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• New Medical Office Building to Break Ground in the San Fernando Valley
2/04/08
A new 31k sf state-of-the-art medical office building is slated to break ground in the Valley Village area of the San Fernando Valley in spring of 2008. The project, located at 12828 Riverside Dr, near Coldwater Canyon, is sc...
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• Motion Picture Assoc Lease Sequel a Hit in the Valley
2/01/08
By Allen Wolfsheimer
Here’s news of an entertainment industry lease in the San Fernando Valley that falls a bit west of the traditional entertainment biz communities of North Hollywood, Burbank and Universal City at the east...
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• North San Fernando Valley Multifamily Asset Fetches $175k/Unit
1/31/08
An 85-unit apartment complex in the northern San Fernando Valley sold for $14.85 mil, or approximately $174.7k/unit. Called Woodley Apartments, the property contains 116.7k sf of space on a 2.68-acre lot located at 10139 Wood...
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• Real Estate Law Firm Expands in Century City
1/30/08
Century City continues to be a strong draw for major law firms looking to expand or relocate into high-end Class A space on the Westside. In a recent transaction, the firm of Gibbs, Giden, Locher, Turner & Senet LLP agreed to...
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• Wiseman Comes Up with Smart Plan for West LA Site
1/28/08
A new mixed-use development is slated for a well-located West Los Angeles infill location, as a venture of Wiseman Development and Maxxam Enterprises has obtained entitlements for a retail and residential complex at the north...
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• Cornerstone Closes $48 Mil San Gabriel Office Buy
1/28/08
Twin office buildings in the eastern San Gabriel Valley were acquired by Cornerstone Real Estate Advisors in a $48.5 mil deal. The three-story buildings make up Gateway Corporate Center, totaling 162.3k sf ($299/sf). They’re ...
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• Legacy Partners Acquires Westside Office Property
1/25/08
With demand for Westside office space having pushed asking rates much higher in the past couple of years, investment and development interest in the region has also picked up. One company that’s becoming more of an active off...
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• West LA Office Building Sells for $33 Mil
1/24/08
A 92.5k sf, Class A office property just sold in a $33 mil transaction that values the building at $357/sf. Situated on 0.675 acres of land at 10780 Santa Monica Blvd, just east of Westwood Blvd at the southeast corner of San...
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• Freight Forwarder Says Aloha to Compton Facility
1/24/08
An 83.5k sf industrial facility in Compton was purchased by a freight forwarding company in a recent $10.75 mil ($129/sf) transaction. The property, located at 1800 South Anderson St, north of the 91 Fwy and east of Central A...
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