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• NoHo Apartment Complex Trades for $200k/Unit in 1031 Exchange Buy
1/14/10
A 32-unit apartment complex in North Hollywood traded hands in a recent 1031 exchange transaction for $6.41 mil, or roughly $200k/unit. The property, “Terraces at Toluca”, was built in 1987 and is located at 10834 Blix St, no...
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• Beverly Hills Sees Continued Demand for Medical Office Space
1/12/10
We’ve got two recent medical office leases in Beverly Hills to report. The deals combine for over 7k sf of space and have an aggregate value of about $2.3 mil. Andrew Kirsch of Raines Law Group participated in the negotiation...
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• Owner/User Purchases Valley Village Office Property
1/06/10
In a smaller LA-area office buy, the Jerry Vande Sande 2005 Revocable Trust purchased a 6k sf building in North Hollywood for $1.9 mil ($317/sf). The building is located at 12155 Riverside Dr, north of the 101 Fwy and west of...
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• Pair of SoCal Retail Properties Fetch over $6 Mil
1/04/10
Los Angeles-based Westwood Financial collected $6.05 mil from the sale of two multi-tenant retail properties in Cypress and North Hollywood. The properties, containing a total of 17.5k sf of space, were purchased by private i...
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• General Imaging Inks Long-Term Deal for South Bay Office Space
12/29/09
In a notable South Bay office deal, General Imaging Company agreed to a long-term lease for the majority of the 5th floor at Toyota Plaza, located at 1411 190th St in Torrance. General Imaging, the exclusive worldwide license...
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• Technology Service Corp Signs Full Floor Office Lease in West LA
12/28/09
Technology Service Corp (TSC) of Trumbull, CT has inked a lease for the entire 15k sf, eighth floor at Sepulveda Center in West Los Angeles. The 12-story Class A tower is located at 3415 S. Sepulveda Blvd, fronting the 405 Fw...
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• Newmark Arranges $5 Mil on Pair of NoHo Multifamily Properties
12/23/09
Newmark Realty Capital Inc has arranged $5.15 mil in permanent refi money on two North Hollywood apartment properties with a combined total of 81 units. One of the properties, Morrison Park Apartments, is a 41-unit building a...
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• Nexon Takes Close to 40k sf of South Bay Office Space
12/23/09
In a recent South Bay office lease, Nexon America Inc agreed to a five-year lease for 37.8k sf of space in El Segundo for $4.4 mil ($1.94/sf/mo). The 24-story building, located at 222 N. Sepulveda Blvd, west of the 405 Fwy a...
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• Investor Picks Up $9 Mil Note on SF Valley Multifamily Property
12/22/09
A private investor purchased the $9.25 mil note on a 51.7k sf multifamily property in the San Fernando Valley community of Reseda. The property is located at 18557 Saticoy St, two blocks west of Reseda Blvd. Built in 2008, th...
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• Unical Aviation Leases 467k sf SoCal Facility
12/21/09
In a major SoCal industrial lease, Unical Aviation Inc signed a deal for a 467.1k sf facility in the City of Industry that will serve as the company’s corporate headquarters and warehouse. The building, located at 680 South L...
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• Pasadena Project Lands $36 Mil in New Financing
12/21/09
Newport Beach-based CT/KDF Community Development Partners LLC has closed $36 mil in new financing for the Raymond Renaissance project in Pasadena. Located at 121-129 N. Raymond Ave, in the heart of Downtown Pasadena at the c...
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• The Americana at Brand Receives Gold Award from ICSC
12/17/09
Caruso Affiliated’s The Americana at Brand mixed-use development in Glendale has won a Gold U.S. Design and Development Award the International Council of Shopping Centers Inc. (ICSC) in its inaugural U.S. Design and Developm...
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• Maguire Sells Lantana Complex in Santa Monica
12/17/09
By Allen Wolfsheimer
Maguire Properties has sold the five-building, 530k sf Lantana Entertainment Media Complex in Santa Monica as the latest step in the company’s ongoing efforts to eliminate debt and remain solvent. The ma...
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• National Experts Provide Transit Oriented Development (TOD) Advice for LA County
12/16/09
By Steve Bloom
On Friday, December 11th, a group of about 60-70 people packed into an open space at AECOM’s office at City National Plaza in downtown Los Angeles for a ULI-LA event to hear a panel of national experts share t...
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• Investor Sees Benefit in $6.5 Mil Sherman Oaks Apartment Buy
12/16/09
A local Sherman Oaks buyer acquired the 24-unit Benefit Court Apartments in an "off–market" transaction valued at $6.45 mil, or about $268.8k/unit. The property, built in 1987, was 96% occupied at the time of the transaction...
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• Ernst & Young Renews 121k sf of Downtown LA Office Space
12/16/09
In a major downtown Los Angeles office deal, Ernst & Young agreed to a renewal for its 121k sf of Class A space at Ernst & Young Plaza, located at 725 S. Figueroa St. The skyscraper is owned by Brookfield Properties and is si...
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• Raintree Gets a Mountain View
12/15/09
Laguna Niguel-based Raintree Partners acquired Mountain View Apartments, a 168-unit multifamily property in the San Gabriel Valley community of San Dimas, for $21 mil ($125k/unit). The transaction marks the second apartment b...
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• Film Company Makes Pilgrim-age to North Hollywood
12/14/09
In a recent North Hollywood office lease, Pilgrim Films and Television Inc agreed to take 36.9k sf of space at 12020 Chandler Blvd, south of Burbank Blvd and west of the 170 Fwy, in a deal that will enable the firm to consoli...
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• Oltmans Helps Gertmenian & Sons Achieve New Lincoln Heights
12/11/09
Construction has been completed on G. A. Gertmenian & Sons’ new 150k sf design/build facility in the Lincoln Heights area of Los Angeles. The project has revitalized a previously underutilized site and provided Gertmenian, a...
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• Arden Sells Third Building at Calabasas Commerce Center
12/10/09
A 25.4k sf office/R&D building in Calabasas was acquired by ASP and Internet solutions provider Pro Softnet Corporation in a sale for the third out of four buildings at Calabasas Commerce Center placed on the market late last...
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