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• New RENTV Executive Report: San Fernando Valley Hot Transactions
3/03/08
Our latest Executive Subscriber report will update you on the past 12 months of closed deals from the San Fernando Valley, a massive region in the northwest part of Los Angeles that almost seceded from the city a few years ba...
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• San Fernando Valley Industrial Deals Require Precision
3/03/08
Industrial space in the LA Basin remains in high demand, with vacancy rates in some parts of the region well below 5% and with most owners having little problem selling or leasing product. For example, in the San Fernando Val...
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• Peabody’s Wayback Machine Stops at Sherman Oaks Penthouse Space
2/29/08
In this article we’ll take a look at two recent, smaller office leases from the San Fernando Valley, one in Sherman Oaks and the other in Pasadena. In the Sherman Oaks deal, Morgan Peabody agreed to a five-year, $1.72 mil lea...
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• Starpoint Nabs 54-Unit Burbank Complex
2/28/08
Starpoint Properties purchased a 54-unit apartment complex in the city of Burbank for $11.5 mil ($213k/unit). Located at 1800 Grismer Ave, between the I-5 and Glenoaks Blvd, the asset is situated near Burbank’s Media District...
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• Golden Boy Hopes to Turn South Gate Infill Site to Gold
2/27/08
Boxing superstar Oscar De La Hoya took a big swing at real estate development the other day with the groundbreaking for the first urban infill project to be developed by Golden Boy Partners, the real estate development compan...
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• Maguire’s Latest Signing is a Stroke of Genius
2/26/08
Here’s some more recent good news for Maguire Properties, as they just got another entertainment biz tenant to lock up space in Santa Monica. In the latest deal, Genius Products Inc agreed to a 10-year lease for a 40.5k sf fu...
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• Golden Opportunity in Beverly Hills Hits the Market
2/26/08
Here’s news of a very notable Beverly Hills office listing to just hit the market, as a portfolio of three trophy buildings, totaling roughly 185k sf, in the city’s prestigious Golden Triangle area, is being offered for sale....
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• Entertainment Biz Firm Lights Up Pacoima Facility in $7.8 Mil Lease
2/25/08
In news of a recent industrial lease from the northeast San Fernando Valley, Paskal Lighting, a national lighting and grip company that services the motion picture and television industry, inked a 10-year, $7.8 mil lease for ...
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• Historic Pasadena Properties Trade in $32 Mil Transaction
2/22/08
Two historic mixed-use properties in the heart of Pasadena’s restored Old Pasadena district were recently acquired by a venture of Cambra Real Estate and Angelo Gordon Company in a $32 mil ($318/sf) transaction. Containing a ...
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• LA Buyer Closes $25 Mil Palermo Apartment Buy
2/21/08
The Palermo Apartments, a 130-unit multi-family community in the South Bay city of Torrance, was acquired by RCMI in a $25.1 mil transaction ($193.1k/unit). Located at 4315 West 182nd St, the 91.1k sf apartment community cons...
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• Update on LA’s Plan to Alter Traffic Patterns on Olympic and Pico
2/20/08
Here’s a recent update about a proposed plan to alter traffic routes in West LA that is of great interest to many commuters, along with many local businesses, property owners and residents in the area. The article is reprinte...
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• Birtcher and Cornerstone Close $68 Mil Santa Fe Springs Buy
2/15/08
A 608.2k sf industrial property in Santa Fe Springs was acquired by OC-based Birtcher Development & Investments, along with its joint venture partner, an institutional investor represented by Cornerstone Real Estate Advisers ...
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• West LA Office Building Sells for $29 Mil
2/15/08
A three-story, 82.3k sf office building in West Los Angeles, called Santa Monica-Wellesley Plaza, was sold in a $28.9 mil ($351/sf) deal. Located at 12304 Santa Monica Blvd, west of Bundy Dr, the building was completed in 198...
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• Master Development and GE Close on Sixth Joint Acquisition
2/14/08
A 113.5k sf single-tenant industrial building in Vernon became the sixth acquisition for a joint venture between Master Development Corporation (MDC) and GE Asset Management (GEAM) in a recent transaction valued at $10.4 mil ...
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• In STORZ Now - $40 Mil El Segundo Office Building
2/13/08
Grand Avenue Executive Center, a 121.1k sf Class A office property at 2151 Grand Ave in El Segundo’s Superblock area, was purchased by KARL STORZ Endoscopy-America Inc for just under $40 mil ($330/sf). The four-story structur...
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• Hollywood a Hit with Developers and Tenants
2/12/08
Despite the negative impact of sub-prime problems across the country, Hollywood appears to remain unaffected and, per a forecast by 55-year-old Los Angeles-based Ramsey-Shilling Commercial Real Estate Services, is the single ...
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• Santa Monica Site Acquired for New 50k sf Outpatient Medical Center
2/11/08
A 30k sf parcel of land located across the street from the Santa Monica UCLA Medical Center in Santa Monica was purchased by Arnon Development for $13.25 mil. The site, which is planned for development as an outpatient medica...
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• The Shifting Sands of Real Estate
2/08/08
by Steve Bloom
Here at RENTV, we had been aware of Fred Sands' real estate investment group called Vintage Real Estate, but the company really started catching our attention last month when we covered its purchase of a regional mall in the ...
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• Phil Angelides Joins Canyon Capital Realty Advisors
2/07/08
Former California State Treasurer Phil Angelides is joining Canyon Capital Realty Advisors (CCRA) as a Principal of the firm and as Chairman of the newly-created Canyon-Johnson Urban Communities Fund. The new fund, a partner...
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• 141-Unit Reseda Community Offered for $17.5 Mil
2/06/08
A 141-unit multi-family complex in the central San Fernando Valley community of Reseda has been offered for sale with an asking price of $17.5 mil, or just over $124k/unit. The 92.1k sf property, called Villa La Paloma, is lo...
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