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• Advocacy Efforts by BOMA/GLA to Save Owners Thousands of Dollars
2/06/09
This article, pulled directly from BOMA of Greater Los Angeles’ Front Line newsletter, explains how recent negotiations between Bill Roberts of Economic Sciences Corp, on behalf of building owners, and the California Public U...
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• PCCP Adds Another Page to Its Note Book
2/05/09
In an unusual note acquisition, PCCP LLC purchased the A note on a loan previously held by Column Financial and secured by two Bay Area hotels owned by The Carlyle Group. PCCP acquired the B note of the same loan from Column ...
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• Logistics Provider Boosts LA Presence with 90k sf Expansion Lease
2/04/09
NJ-based Bergen Shippers, a national logistics provider to the apparel industry, continues to increase its SoCal presence after signing a five-year expansion lease for 90k sf of industrial space in the City of Commerce. With ...
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• Newmark Realty Capital Arranges $88 Mil on Century City High-Rise
2/04/09
As evidence that there is money to be found for financing of major office properties, at least when the transaction comes in at the right loan-to-value, here’s news of just such a deal. In the upscale LA Westside area of Cent...
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• Investor Picks Up 59k sf San Fernando Valley Retail Center
2/03/09
A 59k sf retail center in the north San Fernando Valley was purchased by a private investor. The property, Paseo Sepulveda, is located at the southeast corner of Sepulveda Blvd and Nordhoff Ave and includes a number of nation...
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• City of LA has the Housing Authority to Close $3.5 Mil Van Nuys Office Buy
2/02/09
A 22.2k sf office building in Van Nuys was purchased by the Housing Authority of the City of Los Angeles to house its San Fernando Valley headquarters. The transaction was valued at $3.5 mil, or $158/sf. The agency is already...
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• MGM Tower Achieves Level 1 Design Work
1/29/09
Architectural design and space-planning firm Environetics has wrapped up work on a new office HQ space for Level 1 Entertainment, an LA-based film production company that recently leased high-end space at MGM Tower in Century...
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• DeVry University Inks Deal for Newcastle
1/28/09
In one of the few positive signs for LA’s South Bay office market of late, DeVry University, one of the largest degree-granting educational systems in North America, agreed to an 11-year lease for a new 47.5k sf build-to-suit...
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• Maguire Investing in Maguire
1/28/09
Is legendary LA office developer Rob Maguire contemplating taking another shot at controlling his namesake company, Maguire Properties? Maguire, who was removed as President last May by the company’s Board of Directors and re...
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• Vought Agrees to 1.4 msf Lease Extension at Century Business Center in Hawthorne
1/27/09
Aircraft manufacturing company Vought Aircraft Industries Inc has agreed to a five-year extension on its 1.39 msf of industrial space at Kearny's Century Business Center (CBC) in Hawthorne. The campus is owned by Kearny North...
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• 40-Unit NoHo Apartment Property Trades for $7.7 Mil
1/27/09
A 40-unit, 1980s-era apartment property in North Hollywood was purchased for $7.7 mil ($102.5k/unit). The non-rent control property, Otsego Villas, is located at 11109 Otsego St in the area’s NoHo Arts District and offers the...
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• Draftsmen & Craftsmen
1/23/09
Design work has been completed and construction has begun on the first phase of Douglas Park Block 2, an office park in Long Beach being developed by a venture of Newcastle Partners Inc and RREEF, both of which are headquarte...
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• Los Angeles Apartment Market Expected to See Rent Gains in 2009
1/22/09
The Los Angeles apartment market is expected to remain one of the nation’s top performers in 2009, though a softer local economy will result in rising vacancies, according to the 2009 National Apartment Report by national inv...
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• Marcus & Millichap Handles Fair Share of LA Apartment Sales
1/21/09
Marcus & Millichap, one of the largest investment brokerage firms in the country, is regularly involved in a large number of multifamily property sales throughout the US and particularly in Southern California. To give you a ...
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• NAI Capital Offers Year-End Review and 2009 Outlook for L.A. Basin
1/20/09
NAI Capital, one of the leading regional real estate services firms with 15 offices throughout Southern California, just released its Year End 2008 Market Report for the Greater Los Angeles Basin. The report included a summar...
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• Vernon Industrial Lease Makes Clear Sense
1/20/09
International manufacturing firm Clear Lam Packaging Inc (Clear Lam) agreed to a lease for a 113.5k sf single-user industrial facility in the city of Vernon. The company, which provides environmentally friendly thermoformed p...
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• Platinum Equity Acquires Majority Interest in Daum Commercial
1/19/09
Platinum Equity has announced that they’ve purchased a majority stake in DAUM Commercial Real Estate Services, the regional brokerage firm based out of Los Angeles. Founded in 1904, DAUM has 10 offices in Southern California...
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• Monem Corp Acquires Three LA Apartment Properties in December 2008
1/15/09
LA-based Monem Corporation closed out 2008 with three multifamily acquisitions, totaling 35 units, during the month of December. One of the buys was a 15-unit asset at 843 Ardmore, east of Western Ave and south of Wilshire Bl...
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• Trans-Freight Inks Deal for 96k sf Rancho Dominguez Facility
1/13/09
In a recent Rancho Dominguez industrial lease, Trans-Freight Express, a warehouser and distributor of coffee products, a variety of dry household commodities, vehicles and machinery, has inked a six-year, $4 mil lease for a 9...
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• Pair of $25 Mil West LA Multifamily Listings Hit the Market
1/13/09
Financing for real estate acquisitions may be a major challenge these days, but there continues to be substantial investment opportunities for those buyers who can find ways to come up with the purchase money. For example, we...
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