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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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• West LA Office Sale Rings Up at $44 Mil
5/28/09
Twin mid-rise office buildings in West Los Angeles sold for $44 mil in a recent deal said to be one of the largest sales so far this year on the Westside. The buildings contain a total of 206.2k sf of space and are located at...
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• Patio Furniture Maker Takes 21k sf in City of Industry
5/26/09
Yotrio Corporation, a manufacturer of patio furniture, has signed the first deal at a new four-unit, 71.5k sf multi-tenant industrial building just completed in the City of Industry. The company will be consolidating several ...
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• Three West LA Multifamily Sales Ring Up to Over $7 Mil
5/22/09
Three multifamily properties on Los Angeles’ Westside sold in recent transactions that totaled up to $7.42 mil. One of the properties is in Hollywood, at 1626 N. Fuller Ave, while the other two are in Santa Monica, at 844 14t...
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• Marina del Rey Creative Office Building is Ground Zero for Ad Agency
5/21/09
Advertising Agency Ground Zero elected to remain firmly grounded at its current Marina del Rey office location after signing a five-year, $2.2 mil deal for its existing 22k sf ($1.67/sf/mo) of space at 4235 Redwood Ave, south...
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• Prime Old Town Pasadena Multifamily Property Hits the Market
5/20/09
Here’s the scoop on an opportunity to acquire an 84-unit multifamily community in a prime Old Town Pasadena location. The property – The Mark Pasadena – is situated just a few blocks from numerous restaurants and retail store...
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• Artesia Retail Property Sells for $3.8 Mil
5/19/09
Gridley Plaza, a 30.7k sf retail property in the SoCal city of Artesia, sold in a recent transaction valued at $3.75 mil ($122/sf). The property is located on 1.74 acres at 18300 Gridley Rd, on the southeast corner of Gridley...
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• Wells Fargo Provides $59 Mil Refi for BH Properties’ Portfolio
5/15/09
BH Properties LLC and Wells Fargo’s Real Estate Banking Group just closed financing of approximately $59 mil on a 12-property portfolio. The properties, which consist of retail, warehouse and office, are located in Oregon, Fl...
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