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• LA Gets a Studley Team of Retail Pros
3/20/09
The Los Angeles office of national real estate services firm Studley has added a veteran team of retail brokers for its National Retail Services Group. Executive Vice President Bill Bauman, most recently Senior Vice Presiden...
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• New RENTV Executive Report: South Bay Hot Transactions
3/19/09
Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the South Bay, an important SoCal region that covers the LAX area south through Long Beach. Other cities in the report include ...
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• Warner Brothers Expands Burbank Office Space
3/18/09
By Allen Wolfsheimer
Although the majority of the news we’ve been hearing lately from entertainment biz companies has had to do with cutbacks, here’s something on a more positive note, as Warner Brothers Entertainment inked ...
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• Charles Dunn Company to De-Stress Your Distressed Real Estate Needs
3/16/09
Charles Dunn Company has created a new division called the Restructuring Services Group (RSG). Based in the corporate offices of Charles Dunn Company's downtown building at 800 West Sixth St in Los Angeles, the RSG provides a...
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• Marcus & Millichap Handles Trio of SoCal Apartment Sales
3/13/09
In Artesia, a 29-unit multifamily property called East Park Apartments sold for $3.8 mil ($131k/unit). Located at 11562 186th St, near the Cerritos Mall in southeastern LA County, the property was marketed as a value-add oppo...
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• Unique Investment Could Offer Crystal Clear Returns
3/11/09
By Allen Wolfsheimer
We’re betting that investors looking for a truly unique opportunity in the LA area might be interested in this new listing we just heard about. The property is the guestrooms portion of the Crystal Casin...
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• Two Leading SoCal Interiors Firms Design a Business Merger
3/09/09
In a recent SoCal merger that is said to have created the largest commercial interiors firm in the region, commercial interior design and architecture firm Shlemmer+ Algaze +Associates (SAA) combined with Pasadena-based City ...
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• ASI Entertainment Takes 21k sf of NoHo Office Space
3/06/09
ASI Entertainment inked a lease for 20.9k of ground floor office space at 12020 Chandler Blvd, a four-story building located just northeast of the Chandler and Laurel Canyon Blvd intersection in North Hollywood. The 10-year t...
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• FL Logistics Firm Saddles Up to Santa Fe Springs Facility
3/04/09
As tough as things are these days there seems to be no lack of demand for industrial facilities in LA’s mid-cities region. In this latest example, Saddle Creek Corp, a third-party logistics provider based in Lakeland, FL, sub...
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• LA Brokers Flying High with AIRSpace
3/02/09
AIR Commercial Real Estate Association of Los Angeles has just introduced “AIRSpace”, a new service allowing brokers to search all of the AIR’s industrial and office listings via any web-enabled, hand-held device, including c...
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• Investors Go For Those 14-Unit Valley Apartment Properties
2/27/09
We have the recent sales of separate 14-unit multifamily properties in the San Fernando Valley to report. In one transaction, a Sherman Oaks apartment complex traded at a price of $2.8 mil, or about $196.4k/unit. The two-buil...
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• BOMA GLA Opposes LA County Ballot Measure P
2/26/09
The Building Owners and Managers Association (BOMA) of Greater Los Angeles recently issued the following statement regarding the organization’s efforts against the upcoming LA County ballot Measure P:
The Board of Directors ...
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• Cerritos Facility Sells for $4.8 Mil in Owner/User Buy
2/26/09
A 44.2k sf industrial property in Cerritos was purchased by China-based Winco DWL Industries Co for $4.8 mil ($109/sf). Winco, which manufactures and imports kitchenware and tableware to restaurants and chefs worldwide, will ...
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• Local Firm Looking to Pick Up Lion’s Share of LA’s Distressed Multifamily Properties
2/25/09
Lion Real Estate Group (LREG) just closed an all-cash acquisition of two loans on a 26-unit multi-family property at 920 N. Wilcox in Hollywood. In the off-market deal, Lion paid $4.02 mil for both the senior and junior loa...
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• Top NAI Pros Recognized at Annual National Convention
2/25/09
NAI Global, the global commercial real estate services network, recognized its top producers in a ceremony on February 12 at the NAI Global Convention in Las Vegas. A number of SoCal pros from NAI Capital, out of the company’...
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• Inglewood Retail Property Trades for $837/sf
2/24/09
A 4.3k sf multi-tenant retail building in Inglewood was acquired by a private family trust for $3.6 mil, which works out to a hefty $837 per sf. The property is situated on 13.5k sf of land at 5802-6806 La Cienega Blvd, at t...
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• Latest West LA Lease Comps Have a Lot of Variety
2/20/09
We'll catch up on some of the latest office leasing activity in West LA with two recent transactions, one in the Miracle Mile area and the other in Beverly Hills. In the former, Reed Business Information, publisher of long-ti...
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• New LA Affordable Housing Project Set to Open
2/20/09
Villas del Lago, a new 74-unit affordable apartment development in the Westlake/MacArthur Park district of Los Angeles is set to open later this month. The project, located at 456-478 S. Lake St, is a development of AMCAL Mul...
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• Apartment Building Near UCLA Sells for $409k/Unit
2/18/09
An eight-unit multifamily property near UCLA recently traded hands in a deal worth over $409k per unit. The property, Brockton Apartments, is located at 1251 Brockton Ave, east of Bundy Dr and a few doors south of Wilshire Bl...
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• Milk Wins Oscar for Best Creative Space Lease of 2009
2/18/09
By Allen Wolfsheimer
Milk Group, a prestigious New York-based photography studio, agreed to a 30-year lease for 46.5k sf of creative space in Hollywood, at 855 N. Cahuenga Blvd, west of Vine St and north of Melrose Ave. The ...
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