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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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• Litigation Consulting Firm Becomes Cornerstone at LA’s US Bank Tower
10/19/07
In a downtown LA office lease, Cornerstone Research signed a long-term deal for 28.6k sf of space at 633 West Fifth St, the 73-story skyscraper also known as US Bank Tower. Cornerstone has already moved onto the 31st floor an...
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• Professional Firms Take a Shining to Westwood Office Space
10/18/07
L.E.K. Consulting, a London-based strategy consulting firm, agreed to a $6.5 mil expansion/renewal lease for 17.9k sf of office space on the 21st floor of the Westwood Center Building, located at 1100 Glendon Ave in Westwood,...
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• 312-Unit Multifamily Property in West Covina Hits the Market
10/17/07
A sizable multifamily listing in the San Gabriel Valley has hit the market, that being Waterstone at Walnut Ridge, a 312-unit multi-family community in West Covina. The property, located at 3610 South Nogales St, north of Val...
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• San Fernando Valley Retail Center Offered at $33 Mil
10/16/07
A 138.7k sf shopping center in the north San Fernando Valley has been offered for sale at a price of $33.5 mil, or around $242/sf. The property, Sylmar Square, is at 13754 Foothill Blvd in Sylmar, a block off the 210 Fwy.
S...
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• KOR Pays $30 Mil for 182 Units in San Gabriel Valley
10/12/07
Sunset Plaza Apartments, a 182-unit apartment community located in the San Gabriel Valley city of West Covina, was acquired by LA-based KOR Group in a $30 mil ($164.8k/unit) deal. The property is located at 1234 W. Cameron Av...
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• Norwalk Office Property Trades for $349/sf
10/12/07
An 8.3k sf office building in Norwalk was purchased a private investor for $2.9 mil ($349/sf). The single-story building, constructed in 1960, is located at 11716 Rosecrans Ave. It is surrounded by retail properties and is lo...
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• Transit-Oriented Development Brings 449 Res Units to Heart of LA
10/11/07
Wilshire Vermont Station -- a mixed-use transit village designed by world-renowned architect Arquitectonica, and developed by Urban Partners LLC and MacFarlane Partners in conjunction with the Los Angeles County Metropolitan ...
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• $9 Mil Valencia Sale Falls Under the Right Zodax Sign
10/11/07
Zodax, a home decorative accessories company based out of the San Fernando Valley, has acquired a 71k sf manufacturing and warehouse facility in Valencia for roughly $9 mil ($127/sf). The property, located at 29003 N. Avenue...
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• New RENTV Executive Subscriber Report: San Fernando Valley “Tenants in the Market”
10/10/07
Find out what companies are looking around the San Fernando Valley, the Conejo Valley and the Tri-Cities areas for new space. RENTV’s just-posted San Fernando Valley “Tenants in the Market” Executive Subscriber report lists a...
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• Bantry Venture Acquires Warner Center Portfolio
10/09/07
A venture of Bantry Holdings LLC and GRE, an investment group out of Boston, has acquired a three-building, 179.9k sf office portfolio in the Warner Center area for a total price of $48.75 mil ($271/sf). The properties, which...
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• Rexford Acquires Burbank Building for Conversion into Creative Office Space
10/09/07
Rexford Industrial LLC recently spent $9.3 mil on the 42.5k sf ($219/sf) Captions Inc building at 901 W. Alameda Ave, west of Victory Blvd and north of the 134 Fwy in Burbank. The buyer plans to convert the freestanding build...
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• LA City Council Approves New Sylmar Mixed-User
10/08/07
Meruelo Maddux Properties, known for its massive presence in downtown LA, received unanimous approval by the Los Angeles City Council for a proposed mixed-use residential and commercial project located in Sylmar, which will c...
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• LA Apartment Portfolio Trades for $50 Mil
10/05/07
A 353-Unit apartment portfolio in Los Angeles was purchased for $50.1 mil, or around $142k/unit. The portfolio consists of: the LaFayette Apartments & Embassy Square Apartments, two adjacent complexes located at 249 and 269 S...
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