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• Vernon Industrial Sale Rings Up $17 Mil
10/17/08
Jacob Kahobian, the owner of Paper Source Converting & Manufacturing, closed on the purchase of two industrial buildings totaling 180.9k sf in the city of Vernon for $17.2 mil ($95/sf). The buildings are located at 4700 and 4...
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• New RENTV Executive Report: Downtown Los Angeles Hot Transactions
10/17/08
RENTV’s latest Executive Subscriber report will update you on the past 12 months of closed deal comps from downtown Los Angeles. The report, which looks at closed office, industrial and retail lease and sale transactions from...
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• New Affordable Housing Seniors Project Opens in Palmdale
10/15/08
Cielo Azul, a new 81-unit senior housing project developed by AMCAL Multi-Housing Inc in the north LA County city of Palmdale, just celebrated its grand opening. Located at 38040 27th St East, the 100% affordable housing deve...
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• CREW-LA Announces Its 2009 Board of Directors
10/14/08
The LA chapter of Commercial Real Estate Women (CREW-LA) just announced its 2009 Board of Directors. The organization, which provides a professional forum for enhancing business development, industry expertise, networking op...
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• Activity is Blossoming at The Gardens
10/13/08
A new 159-unit luxury, mixed-use residential development located in the heart of LA’s historic Wilshire Center area has reached 50% leased since opening on July 31st. Called The Gardens at Wilshire, the six-story project was ...
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• Seventh Street Enjoys Fifth Sale
10/09/08
In the latest sale at Seventh Street Development's Mission-71 Business Park in Pomona, the American subsidiary of China National Aero-Technology Import and Export Corporation (CATIC USA) has purchased a new 22.2k sf industria...
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• Draftsmen & Craftsmen
10/08/08
In news of a major SoCal University project, Morley Construction Company broke ground in September on the $65 mil Eli and Edythe Broad CIRM Center for Regenerative Medicine and Stem Cell Research at the University of Southern...
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• Interviewing Service Leases Van Nuys Office Space
10/07/08
Interviewing Service of America leased 17k sf of office space in Van Nuys in a six-year, $3 mil ($2.45/sf/mo) deal at 15400 Sherman Way, between Sepulveda Blvd and the 405 Fwy. Interviewing Service, a market research data col...
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• Virco Signs Five-Year Renewal for 559k sf Torrance Facility
10/07/08
We just got word of a very large industrial lease renewal in LA’s South Bay region, as Virco Mfg. Corporation agreed to a five-year extension of its existing 559k sf US HQ facility in the city of Torrance. Virco is one of the...
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• 15-Unit Property in LA’s Koreatown Sells for $190k/Unit
10/03/08
A 15-unit apartment community at 868 S. Kingsley Dr in Los Angeles sold for $2.85 mil ($190k/unit), all cash. The property, in the heart of Koreatown near the intersection of Wilshire Blvd and Western Ave, was purchased by Lo...
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• William Morris Agency Sells Beverly Hills Buildings for $140 Mil
10/02/08
A South American investment entity purchased the William Morris Agency’s (WMA) three-building Beverly Hills HQ portfolio in a deal reportedly worth over $140 mil. Totaling 183k sf ($765/sf) of space, the acquisition consists ...
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• 73-Unit LA Multifamily Property Offered for $11 Mil
10/01/08
A 73-unit multi-family community in Los Angeles has hit the market with an asking price of $11.12 mil ($152.3k/unit). The property, Garden View Apartments, is located on .87 acres at 3940 Eagle Rock Blvd, adjacent to the 2 Fw...
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• Pasadena Retail Property Listed at Over $600/sf
10/01/08
A notable retail investment opportunity just came on the market in Pasadena that we thought you might want to know about. The property, the Lake Avenue Shops, is located at 505 South Lake Avenue and contains 24.4k sf of stree...
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• WESTMAC and First Property Join AIR
9/30/08
Two West LA-based commercial brokerage firms – Coldwell Banker Commercial WESTMAC and First Property Realty Corporation – have signed up with AIR Commercial Real Estate Association of Los Angeles (AIR) and agreed to participa...
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• Related Closes $56 Mil Buy of Downtown LA Senior Housing Property
9/29/08
A 309-unit senior housing property in downtown Los Angeles was acquired by The Related Companies, out of New York, in a $56.5 mil ($183k/unit) transaction. The 268k sf property, located on a 37k sf lot at 740 S. Olive St, gen...
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• Recent Signings Bring Century City Tower to 95% Occupancy
9/26/08
Century City remains one of the more sought-after, and pricey, submarkets in West LA, with most recent leases starting at well over $3/sf/mo and average rents in some transactions reaching considerably higher than that. We’ve...
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• New RENTV Executive Report: San Fernando Valley Properties on the Market
9/25/08
RENTV's just-posted San Fernando Valley “Properties on the Market” Executive report is a great way to get a feel for what kind of investment opportunities are currently being offered for sale in and around the San Fernando Va...
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• Investors Sock Away Argyle Apartment Properties in Hollywood
9/25/08
In a multifamily sale in the Hollywood Hills, a 42-unit apartment property built in 1970 just a short distance under the Hollywood sign at 1937-1939 Argyle Ave, north of Franklin Ave on the northeast side of the 101 Fwy, sold...
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• Fox Inks Fair and Balanced Lease for Beverly Hills Office Space
9/25/08
Fox Interactive Media Inc recently inked a lease for additional office space in LA’s Westside, having agreed to a three-year, $4.8 mil deal for 28.6k sf ($4.66/sf/mo) at the Wilshire/La Peer Building in Beverly Hills. The bui...
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• Hines Acquires Citigroup Center in LA from Broadway Partners
9/24/08
Citigroup Center, the 48-story, 891k sf Class A office tower located at 444 South Flower St in downtown LA’s Bunker Hill submarket, was acquired by Hines U.S. Office Value Added Fund II, L.P. (HVAF II) in a transaction report...
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