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• Glendale Apartment Complex Fetches Almost $200k/Unit
1/02/08
Here’s a recent apartment sales comp from the Tri-Cities area, as Aliso Viejo-based Silverado Canyon Partners purchased Monarch Terrace, a 56-unit asset in Glendale, for $11 mil ($196.4k/unit). The property is located at 1595...
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• Buyers Close Pair of Year-End LA Apartment Sales
12/26/07
For some, this is the time of year when activity picks up as investors try to get deals closed before the end of December. In this report we’ll let you know about two year-end apartment sales, with a combined 60 units, in the...
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• Kearny and Morgan Stanley Chalk Up $60 Mil in Sales at South Bay Biz Park
12/26/07
Activity has been brisk at Kearny South Bay Business Park, the 42-acre office and industrial complex in Torrance that Kearny Real Estate Company acquired last year in a partnership with Morgan Stanley Real Estate Fund V. To d...
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• New Pacific Sails into Beverly Hills’ Golden Triangle with $10 Mil Buy
12/26/07
A unique mixed-use property in Beverly Hills recently traded hands in a transaction with a hefty price tag of roughly $1,000/sf. The property, a two-story, 10.2k sf building at 9399 Wilshire Blvd, a block east of Beverly Dr, ...
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• Culver City Retail Property Sells for $20 Mil
12/20/07
A 50k sf retail /office property in Culver City traded hands in a $20 mil transaction, or about $400/sf. The two-story building, known as Culver Plaza, is situated on a 42k sf lot at 9901 Washington Blvd, about half a dozen b...
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• Unique West Hollywood Multifamily Property Offered for Sale
12/20/07
A very unique multi-family rental property known as 7 Fountains in West Hollywood has hit the market, just in time for your last minute holiday shopping. Built in 2002, 7 Fountains is comprised of 20 custom residential units ...
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• Pro Moves
12/20/07
Two execs at Coldwell Banker Commercial of San Diego, Senior Vice President and Principal Tom Olson, and Founding Partner, President and CEO Alan Scott, have been honored with the 2007 “Deal Maker” Award from the Commercial R...
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• Jamison Properties Picks Up 618k sf Downtown LA High-Rise
12/18/07
A 618k sf office tower in downtown Los Angeles was acquired by locally based Jamison Properties in a transaction valued near $185 mil ($300/sf). The building, 1055 W. Seventh St, was sold by Bristol Properties, a San Francisc...
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• Rexford Redevelops Sylmar Property
12/18/07
A 113.5k sf industrial building in the northeast San Fernando Valley has been converted into a state-of-the-art multi-tenant complex by Rexford Industrial LLC, a privately owned real estate firm. The property, at 15148 Bledso...
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• Developers Finding Industrial Infill Opportunities East of Downtown LA
12/17/07
Developers continue to seek out infill sites or redevelopment opportunities for new industrial projects east of downtown Los Angeles and into parts of the San Gabriel Valley. In a recent example, First Industrial Investment p...
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• Construction Underway on Valencia’s First LEED-Certified Office Project
12/14/07
Construction on an exciting new office project in the master-planned Valencia area has reached the mid-point, with completion scheduled for mid-April 2008. Called Summit Oaks, the $25 mil building is being developed by Aliso ...
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• TDC Ringing in the New Year with $150 Mil of 4th Quarter Deals
12/13/07
It’s been a very active month and a half for Torrance-based Transpacific Development Company, as the company completed the acquisition and disposition during this time of several properties containing a total of about 922k sf...
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• The Big Show Comes to Hollywood
12/11/07
Recent news from Hollywood will provide a lot of folks, both residents and tourists, with reason to spend a little more time in this storied part of Los Angeles. Cirque du Soleil, the international entertainment firm based ou...
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• Pomona Paper Mill to Be Redeveloped into Industrial Park
12/10/07
The site of a former paper mill in Pomona will soon be home to a new five-building, 408k sf industrial park to be called the Valley-71 Business Park. The project, a development of Long Beach-based Seventh Street Development, ...
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• South Bay Facility Trades Hands in Fashionable $16 Mil Sale
12/07/07
A 30-year-old office/industrial facility in LA’s South Bay area that used to house Nissan's North American Headquarters was just purchased by a Korean apparel company. The 124k sf building, at 18455 South Figueroa St, is loca...
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• Pro Moves
12/06/07
Long-time SoCal real estate pro Al Beaudette has joined up with Portland-based Harsch Investment Properties, the privately-held real estate investment, development and management company, where he was hired as Senior Vice Pre...
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• Highland Realty Capital Barn-Storms $19.6 Mil for Unique LA Res Project
12/06/07
While some in the real estate biz are known for being able to turn a barn into a palace, here’s news of a lender that’s able to help convert a warehouse into a barn… well, at least by name. Highland Realty Capital has secured...
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• Torrance Office Lease Valued at Over $21 mil
12/05/07
With asking rates for office space in LA’s Westside continuing to skyrocket, activity in the South Bay has started picking up. In a sizable deal that just closed, CCH Inc, a provider of information services, software and work...
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• Draftsmen & Craftsmen
12/05/07
One of the most exciting developments changing the landscape in downtown Los Angeles is the Market Lofts at 9th and Flower, a brand new $70 mil mixed-use urban community located adjacent to the business and financial district...
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• Live/Work Res Development Reaches New Heights with Latest LA Project
12/04/07
The live/work, loft-style development trend that has so influenced the rapid growth of new housing units in downtown LA over the past few years continues to extend beyond the traditional borders of the CBD, as new projects ar...
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