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• Kroger Agrees to $207 Mil Deal for New Dist Facility in Paramount
11/15/07
In what is one of the largest industrial leases ever in LA’s Mid-Cities area, The Kroger Co, the Cincinnati, OH-based parent company to several supermarket brands across the country including Ralphs and Food 4 Less, just sign...
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• General Growth Stunted after Losing $90 Mil Verdict to Caruso
11/14/07
The backlash from General Growth Properties’ (GGP) attempts to prevent Caruso Affiliated from developing its Americana at Brand project in Glendale hit hard this week, as a Superior Court jury today awarded $15 mil in punitiv...
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• $43 Mil the Final Cost to Save the Queen
11/14/07
A group of investors called “Save the Queen,” completed their $43 mil acquisition of the leasehold of the Queen’s Seaport site in Long Beach. The buyer plans to operate the historic Queen Mary ocean liner on the site and rede...
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• LA Real Estate Pros Kick Off the Holiday Season with BOMA’s ChrisMix
11/12/07
LA commercial real estate pros won’t want to miss out on the Building Owners & Managers Association of Greater Los Angeles’ (BOMA LA) annual ChrisMix Carnival, always one of the best-attended and most fun industry events of t...
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• $86 Mil LA Apartment Sale has Hollywood Ending
11/09/07
A large apartment complex at the foot of the Hollywood hills recently traded hands in a transaction with price tag of $289.4k/unit. The property, Seravella Apartments, is a 298-unit asset located at 1710 North Fuller St, at t...
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• Rexford Strikes Yukon Gold
11/07/07
Rexford Industrial recently closed on another acquisition, paying $10.45 mil for Yukon Industrial Center, a 123.2k sf ($85/sf) multi-tenant center located at 13020 Yukon Ave, south of El Segundo Blvd and west of Crenshaw Blvd...
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• Investor Pays $244k/Unit for Glendale Apartment Property
11/06/07
A Santa Clara-based investment group has purchased Casa Vaquero, a 67-unit apartment community located at 1630 Calle Vaquero in Glendale, for $16.35 mil ($244k/unit). The property was sold by DMC Investment Group Inc of Los A...
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• Howard Hughes Takes Flight Again
11/06/07
Equity Office has unveiled its plans for the remaining development at Howard Hughes Center, the 70-acre live/work business campus in LA’s Westchester area, north of LAX and just east of Playa Vista. Equity, now an affiliate o...
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• Blue Whale Swallows High-End Interior Design Tenants from West Hollywood
11/02/07
The Pacific Design Center (PDC), the iconic interior design showroom/office development on Melrose Ave in West Hollywood, has undergone something of a renaissance in recent years and today is thriving more than ever, thanks i...
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• Construction Finished on Rancho Dominguez Logistics Center
11/01/07
Construction on First Gateway Logistics Center, a new 141k sf logistics center in Rancho Dominguez, has been completed. The project is a development of First Industrial Realty Trust, one of the largest REITs in the country wi...
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• Beverly Hills Banana Republic Store Sells for $2,222/sf
10/31/07
Banana Republic’s 13.5k sf flagship Beverly Hills store at 357 N. Beverly Dr just sold at a price of $30 mil. The transaction, which works out to a staggering $2,222/sf, is said to be a record for retail space along the North...
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• Draftsmen & Craftsmen
10/31/07
Snyder Langston Optym, a division of OC-based Snyder Langston, has completed construction of the Santa Margarita Catholic High School Aquatic Center at 22062 Antonio Pkwy in Rancho Santa Margarita. The new aquatic center incl...
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• Westwood Tower Sells
10/29/07
Here’s news from earlier this month about a major office building purchase right in the heart of Westwood, that being Murdock Plaza, the stylish 17-story, 229k sf office tower at 10900 Wilshire Blvd, at the SW corner of Wilsh...
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• StarPoint Collects $271k/Unit from Hollywood Asset
10/29/07
A New York-based institutional investor has purchased the Sterling Apartments, an 80-unit complex located at 1800 N. Normandie Ave in Hollywood, for $21.7 mil ($271.3k/unit). The asset was sold by Beverly Hills-based StarPoin...
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• CREW-LA Announces Its 2008 Board of Directors
10/29/07
The Los Angeles chapter of Commercial Real Estate Women (CREW-LA), a national organization which provides a professional forum for enhancing business development, industry expertise, networking opportunities and personal grow...
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• Three SoCal Properties Maxxam-ized in Refis Worth Combined $162 Mil
10/29/07
Beverly Hills Gateway Tower is a Class A office building located at the apex of Beverly Hills’ “Golden Triangle,” at 9777 Wilshire Blvd. Formerly known as the Comerica Tower, the building is one of Los Angeles’ most prestigi...
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• Pro Moves
10/26/07
The Los Angeles Chapter of Society of Industrial and Office Realtors (SIOR) recognized one of its own and also handed out an industry scholarship award during its annual Investor and Developer Recognition Dinner and Forecast,...
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• Koll Picks Up Calabasas Site for Office Project
10/24/07
A five-acre undeveloped land parcel in the eastern part of Calabasas was recently acquired by The Koll Company for the development of a new office project. The site, which covers 4.97 acres at 24141 Ventura Blvd, west of Pkwy...
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• Pair of South Bay Sales Total Up to $3.5 Mil
10/23/07
For any of you South Bay real estate deal fans, here are a couple of smaller sales comps from this southern part of LA County. The larger of the transactions was for a 6.6k sf office building at 5334 Torrance Blvd, east of Pr...
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• SF Valley Sales Add Up to $12 Mil
10/22/07
In this report we’ll review two recent $6 mil sales from the San Fernando Valley, in Reseda and Burbank. In Reseda, Future Vision Development Group purchased a combined 118k sf of retail properties for a planned mixed-use red...
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