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• Legacy Partners Acquires Westside Office Property
1/25/08
With demand for Westside office space having pushed asking rates much higher in the past couple of years, investment and development interest in the region has also picked up. One company that’s becoming more of an active off...
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• West LA Office Building Sells for $33 Mil
1/24/08
A 92.5k sf, Class A office property just sold in a $33 mil transaction that values the building at $357/sf. Situated on 0.675 acres of land at 10780 Santa Monica Blvd, just east of Westwood Blvd at the southeast corner of San...
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• Freight Forwarder Says Aloha to Compton Facility
1/24/08
An 83.5k sf industrial facility in Compton was purchased by a freight forwarding company in a recent $10.75 mil ($129/sf) transaction. The property, located at 1800 South Anderson St, north of the 91 Fwy and east of Central A...
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• Harvey Green to be Honored at Jewish Federation Dinner
1/23/08
Marcus & Millichap President and CEO Harvey E. Green will be honored at The Jewish Federation’s Real Estate & Construction (REC) Division annual tribute dinner on Thursday, April 17, 2008 at the Century Plaza Hotel in Century...
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• BOMA Shows Some Heart
1/22/08
The BOMA/GLA Community Outreach Committee is collaborating with the American Heart Association’s “Wear Red for Women Day”, on Friday February 1, 2008. On this day each year, the American Heart Association asks companies, civ...
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• Recent Office Leases Pointe to Continued Demand in LA’s South Bay
1/22/08
Two recent lease transactions have taken 25k sf of office space off the market in LA’s South Bay region, as Temcor and Del-Jen Inc have inked deals worth a combined $4.5 mil at Pacific Pointe, a 257.5k sf Class A high-rise at...
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• CBRE Recruits Top SoCal Tenant Rep Team
1/22/08
One of SoCal’s top tenant rep brokerage teams – John Sabourin, Will Adams and Paul Stockwell -- has jumped ship, moving over from Studley to CB Richard Ellis. Each veteran in the trio will be a Senior Vice President at CBRE, ...
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• Investor Gets Square Deal in $13.8 Mil Norwalk Buy
1/21/08
A 105.4k sf business park in the city of Norwalk traded hands in a recent sale valued at $13.75 mil, or about $130/sf. The property, Carmenita Square Business Park, is located on Carmenita Rd and offers retail, office and ind...
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• La Jolla Group Acquires West Hollywood Retail Parcel
1/16/08
A desirable retail corner parcel in West Hollywood was acquired by La Jolla-based Monarch Group, which intends to redevelop the 60k sf site. Current zoning on the parcel would allow for a mix of commercial and residential use...
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• Rexford Completes Conversion of San Gabriel Valley Industrial Center
1/15/08
With demand for modern industrial space in LA’s Mid-Cities area far outstripping supply, a recently redeveloped project in the City of Industry has already generated substantial interest. The project is Rexford Industry Cente...
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• Top NAI Capital Brokers are GET IN a New Investment Network
1/14/08
In an effort to provide clients with more specialized investment services, the company has formed the NAI Capital Investment Network, or GET IN. Top brokers from the company’s 16 SoCal offices will be working together in a co...
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• 80-Unit Hollywood Multifamily Asset Sells for $300k/Unit
1/10/08
Multifamily assets in West LA extending east through much of the Hollywood, SilverLake and Los Feliz areas still draw top dollar from investors looking for properties in high-demand areas. In a recent Hollywood comp, Promethe...
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• 112-Unit Duarte Apartment Complex Listed at $22 Mil
1/08/08
A 112-unit multifamily complex in the San Gabriel Valley community of Duarte was recently put on the market with an asking price of $22 mil, or roughly $196.4k/unit. The property, Bradbury Park, is located at 2222 Huntington ...
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• New RENTV Executive Subscriber Report: Downtown Los Angeles Hot Transactions
1/07/08
Our first Executive Subscriber report for 2008 will update you on the past 12 months of closed deal comps from downtown Los Angeles. The report, which looks at closed office, industrial and retail lease and sale transactions ...
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• Dunn’s Vierheilig-Fraser Negotiates Monkeyland Deal
1/07/08
The east San Fernando Valley continues to be a popular choice for entertainment industry-related businesses, as it puts them in close proximity to many of the major studios and production companies. In this report, we’ll take...
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• Architecture Firm Inks Pricey Renewal/Expansion in Santa Monica
1/04/08
Office space in and around Santa Monica’s Third Street Promenade is just as desirable and expensive as the ever-popular retail space in the area. In a recent deal, Callison Architecture inked a 10-year, $10.5 mil renewal/expa...
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• Enova Systems Leases Torrance Facility
1/03/08
A 43k sf, high-image facility in the Torrance area was leased for 62 months by Enova Systems, a supplier of environmentally friendly digital power components and systems products, in a deal valued at $2.3 mil ($0.86/sf/mo). T...
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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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