TELL US ABOUT YOUR REQUIREMENTS

Thursday, October 31, 2013

TruAmerica Lands Class A San Diego MF

OCEANSIDE, CA-The acquisition of the 221-unit Piazza D’Oro townhome complex represents the first acquisition for TruAmerica, recently launched by industry veteran Robert E. Hart and Guardian Life Insurance.






via Los Angeles http://www.globest.com/news/12_725/sandiego/multifamily/TruAmerica-Lands-Class-A-San-Diego-MF-339249.html

HQ Development Finishes Creative Campus

CULVER CITY, CA-HQ Development Group completes construction of a new three-building creative office campus for tech start-up Scopely and HSI Productions.






via Los Angeles http://www.globest.com/news/12_725/losangeles/office/HQ-Development-Completes-Creative-Office-Campus-339246.html

Amazon to Open Fourth CA Fulfillment Center in Moreno Valley

Amazon.com, Inc.is finalizing plans to open a new 1.2 million-square-foot fulfillment center in Moreno Valley, CA, the e-tailer's fourth distribution center in California. The giant online retailer will employ 1,000 people full time at the new center. Amazon’s other sites in the Golden State are located in San Bernardino, and the San Joaquin Valley communities of Patterson and Tracy, said Mike Roth, Amazon’s vice president of North America operations...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893?ref=/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893&src=rss

Crayons Bldg Sells For $1.4 Million

A private investor sold the 10,280-square-foot Palm Springs office building, known as the Crayons Building for $1.35 million, or approximately $131 per square foot. The property is located at 1109-1117 N Palm Canyon Dr. The buyer is another private investor who will continue to lease out the remaining office spaces. Rob Wenthold and Steve Lyle of Coldwell Banker Commercial / Lyle & Associates represented the seller. Mark Spohn of Sperry Van...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Crayons-Bldg-Sells-For-$14-Million/153703?ref=/News/Article/Crayons-Bldg-Sells-For-$14-Million/153703&src=rss

Indiana Professional Plaza Acquired for $1.4M

20-20 Vision Associates purchased the 10,970-square-foot office park known as Indiana Professional Plaza, located at 7359-7379 Indiana Ave. in Riverside, CA, for $1,371,250, or approximately $125 per square foot. The buyer, an optometrist, is relocating from within the city of Riverside and plans to occupy the 7,200-square-foot building at 7379 Indiana Ave. for its business. The current tenant in 7359 Indiana Ave, a real estate firm, will continue...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Indiana-Professional-Plaza-Acquired-for-$14M/153661?ref=/News/Article/Indiana-Professional-Plaza-Acquired-for-$14M/153661&src=rss

JV Buys Value-Add Office Building

DIAMOND BAR, CA-A joint venture between Tryperion Partners and the Muller Co. acquires an 85,536-square-foot value-add office building.






via Los Angeles http://www.globest.com/news/12_725/losangeles/office/JV-Buys-Value-Add-Office-Building-339220.html

Wednesday, October 30, 2013

Amazon to Open Fourth CA Fulfillment Center in Moreno Valley

Amazon.com, Inc.is finalizing plans to open a new 1.2 million-square-foot fulfillment center in Moreno Valley, CA, the fourth distribution center in California. The giant online retailer will employ 1,000 people full time at the new center. Amazon’s other sites in the Golden State are located in San Bernardino, and the San Joaquin Valley communities of Patterson and Tracy, said Mike Roth, Amazon’s vice president of North America operations. Trammell...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893?ref=/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893&src=rss

Crayons Bldg Sells For $1.4 Million

A private investor sold the 10,280-square-foot Palm Springs office building, known as the Crayons Building for $1.35 million, or approximately $131 per square foot. The property is located at 1109-1117 N Palm Canyon Dr. The buyer is another private investor who will continue to lease out the remaining office spaces. Rob Wenthold and Steve Lyle of Coldwell Banker Commercial / Lyle & Associates represented the seller. Mark Spohn of Sperry Van...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Crayons-Bldg-Sells-For-$14-Million/153703?ref=/News/Article/Crayons-Bldg-Sells-For-$14-Million/153703&src=rss

Indiana Professional Plaza Acquired for $1.4M

20-20 Vision Associates purchased the 10,970-square-foot office park known as Indiana Professional Plaza, located at 7359-7379 Indiana Ave. in Riverside, CA, for $1,371,250, or approximately $125 per square foot. The buyer, an optometrist, is relocating from within the city of Riverside and plans to occupy the 7,200-square-foot building at 7379 Indiana Ave. for its business. The current tenant in 7359 Indiana Ave, a real estate firm, will continue...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Indiana-Professional-Plaza-Acquired-for-$14M/153661?ref=/News/Article/Indiana-Professional-Plaza-Acquired-for-$14M/153661&src=rss

Stoneridge Apts. Sell for $42 Million

MG Properties Group purchased 1540 W. 8th St., in Upland, CA for $42 million, or $165.71 per square foot. Built in 1972 and renovated in 2007, the property consists of 300 units and totals 253,450 square feet on 11.35 acres. The property was 95 percent leased at time of sale, and was part of a 1031 exchange. Dean Zander, Vince Norris, and Margie Malloy of Hendricks & Partners represented the seller, Sares-Regis Group. The buyer handled the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Stoneridge-Apts-Sell-for-$42-Million/153780?ref=/News/Article/Stoneridge-Apts-Sell-for-$42-Million/153780&src=rss

Stoneridge Apartments Sell for $42M

MG Properties Group purchased 1540 W. 8th St., in Upland, CA for $42 million, or $165.71 per square foot. Built in 1972 and renovated in 2007, the property consists of 300 units and totals 253,450 square feet on 11.35 acres. The property was 95 percent leased at time of sale, and was part of a 1031 exchange. Dean Zander, Vince Norris, and Margie Malloy of Hendricks & Partners represented the seller, Sares-Regis Group. The buyer handled the...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Stoneridge-Apartments-Sell-for-$42M/153780?ref=/News/Article/Stoneridge-Apartments-Sell-for-$42M/153780&src=rss

Crayons Bldg Sells For $1.4M

Susan Kuo sold the 10,280-square-foot Palm Springs office building, known as the Crayons Building, to JR Roberts for $1.35 million, or approximately $131 per square foot. The property is located at 1109-1117 N Palm Canyon Dr. The buyer is a private investor who will continue to lease out the remaining office spaces. Rob Wenthold and Steve Lyle of Coldwell Banker Commercial Lyle & Associates represented the seller. Mark Spohn of Sperry Van Ness...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Crayons-Bldg-Sells-For-$14M/153703?ref=/News/Article/Crayons-Bldg-Sells-For-$14M/153703&src=rss

Indiana Professional Plaza Acquired For $1.4M

20-20 Vision Associates purchased the 10,970-square-foot office park known as Indiana Professional Plaza, located at 7359-7379 Indiana Ave. in Riverside, CA, from Donald Emas for $1,371,250, or approximately $125 per square foot. The buyer, an optometrist, is relocating from within the city of Riverside and will occupy the 7,200-square-foot building at 7379 Indiana Ave. The current tenant in 7359 Indiana Ave, a real estate firm, will continue to...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Indiana-Professional-Plaza-Acquired-For-$14M/153661?ref=/News/Article/Indiana-Professional-Plaza-Acquired-For-$14M/153661&src=rss

Stoneridge Apartments Sell for $42M

MG Properties Group purchased 1540 W. 8th St., in Upland, CA for $42 million, or $165.71 per square foot. Built in 1972 and renovated in 2007, the property consists of 300 units and totals 253,450 square feet on 11.35 acres. The property was 95 percent leased at time of sale, and was part of a 1031 exchange. Dean Zander, Vince Norris, and Margie Malloy of Hendricks & Partners represented the seller, Sares-Regis Group. The buyer handled the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Stoneridge-Apartments-Sell-for-$42M/153780?ref=/News/Article/Stoneridge-Apartments-Sell-for-$42M/153780&src=rss

Crayons Bldg Sells For $1.4M

Susan Kuo sold the 10,280-square-foot Palm Springs office building, known as the Crayons Building, to JR Roberts for $1.35 million, or approximately $131 per square foot. The property is located at 1109-1117 N Palm Canyon Dr. The buyer is a private investor who will continue to lease out the remaining office spaces. Rob Wenthold and Steve Lyle of Coldwell Banker Commercial Lyle & Associates represented the seller. Mark Spohn of Sperry Van Ness...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Crayons-Bldg-Sells-For-$14M/153703?ref=/News/Article/Crayons-Bldg-Sells-For-$14M/153703&src=rss

Indiana Professional Plaza Acquired For $1.4M

20-20 Vision Associates purchased the 10,970-square-foot office park known as Indiana Professional Plaza, located at 7359-7379 Indiana Ave. in Riverside, CA, from Donald Emas for $1,371,250, or approximately $125 per square foot. The buyer, an optometrist, is relocating from within the city of Riverside and will occupy the 7,200-square-foot building at 7379 Indiana Ave. The current tenant in 7359 Indiana Ave, a real estate firm, will continue to...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Indiana-Professional-Plaza-Acquired-For-$14M/153661?ref=/News/Article/Indiana-Professional-Plaza-Acquired-For-$14M/153661&src=rss

$75M Multifamily Build Comes Online

WOODLAND HILLS, CA-The 298-unit Warner Park Apartment Community holds its grand opening ceremony, supplying the submarket's high demand for rental properties.






via Los Angeles http://www.globest.com/news/12_724/losangeles/multifamily/75M-Multifamily-Build-Comes-Online-339203.html

Deluxe Entertainment Inks 12-Year Lease

SANTA MONICA, CA-Deluxe Entertainment signs a 12-year lease with Hudson Pacific Properties for a 65,000-square-foot creative office and production studio.






via Los Angeles http://www.globest.com/news/12_724/losangeles/office/Deluxe-Entertainment-Inks-12-Year-Lease-339201.html

Crowdfunding Nod Has Positive Implications

BEVERLY HILLS, CA-The SEC’s recent approval of proposed rules on Title III crowdfunding could allow unaccredited investors to pool their money on real estate investments, Realty Mogul’s Jilliene Helman tells Carrie Rossenfeld.






via Los Angeles http://www.globest.com/news/12_724/losangeles/finance/Crowdfunding-Nod-Has-Positive-Implications-339191.html

Two Suburban Retail Centers Land $72M

LOS ANGELES-Two suburban retail centers in Fullerton, CA, and Lacey, WA, receive a combined $71.7 million in CMBS loans, GlobeSt.com learns in this EXCLUSIVE story.






via Los Angeles http://www.globest.com/news/12_724/losangeles/retail/Suburban-Retail-Centers-Land-72M-339183.html

Tuesday, October 29, 2013

Granary Sold for $120M

PHILADELPHIA-The Granary apartment complex in Center City has been acquired by Lowe Enterprises Investors based in Los Angeles for a reported price of $120 million.






via Los Angeles http://www.globest.com/news/12_723/philadelphia/multifamily/Granary-Sold-for-120M-339166.html

CBRE Unveils New Headquarters

LOS ANGELES-GlobeSt.com takes a tour of CBRE's new downtown headquarters--a creative-style and high-tech office space with open floor plans and mobile work stations.






via Los Angeles http://www.globest.com/news/12_723/losangeles/office/CBRE-Unveils-New-Headquarters-339158.html

Is There a Multifamily Bubble?

LOS ANGELES-Panelists at RealShare Apartments 2013 in Los Angeles wonder if the multifamily development boom is leading to a bubble. Most say no.






via Los Angeles http://www.globest.com/news/12_723/losangeles/multifamily/Is-There-a-Multifamily-Bubble-339156.html

Bridge Feeds Appetite with 576-Unit Buy

MESA, AZ-Bridge Investment Group strikes a $38 million deal with Summit Equity Investments for possession of Aventerra at Dobson Ranch.






via Los Angeles http://www.globest.com/news/12_723/phoenix/acquisitions_dispositions/Bridge-Feeds-Appetite-with-576-Unit-Buy-339128.html

1038 Princeton Buys Creative Office Campus

LOS ANGELES-1038 Princeton, an affiliate of the Luzzatto Co., acquires a 33,000-square-foot creative office property in Marina del Rey for the land value.






via Los Angeles http://www.globest.com/news/12_723/losangeles/acquisitions_dispositions/1038-Princeton-Buys-Creative-Office-Campus-339126.html

Monday, October 28, 2013

JV Acquires $114M Medical Office Portfolio

LOS ANGELES-A joint venture between NexCore Group LP and Heitman LLC purchases a 671,811-square-foot medical office portfolio with buildings in California and Arizona.






via Los Angeles http://www.globest.com/news/12_722/losangeles/office/JV-Acquires-114M-Medical-Office-Portfolio-339109.html

$45M Luxury Hotel Breaks Ground

BELL GARDENS- R.D. Olson Construction breaks ground on a seven-story, 100-room luxury hotel project at the Bicycle Casino in Bell Gardens.






via Los Angeles http://www.globest.com/news/12_722/losangeles/hotel/45M-Luxury-Hotel-Breaks-Ground-339108.html

Still 30 to 40 Buyers Deep on Quality MF Assets

LOS ANGELES-Capital continues to chase apartment product, and with tons of foreign capital flooding in, RealShare Apartments 2013 industry leaders don’t expect things to slow down anytime soon.






via Los Angeles http://www.globest.com/news/12_722/national/multifamily/Still-30-to-40-Buyers-Deep-on-Quality-MF-Assets-339100.html

Dealmaking Isn't Only Thing Changing in MF

LOS ANGELES—The hot tech market, a lack of supply and high demand for apartment units is driving the West Coast multifamily sector, say the experts behind the deals at the RealShare Apartments 2013 conference.






via Los Angeles http://www.globest.com/news/12_722/west/multifamily/Dealmaking-Isnt-Only-Thing-Changing-in-MF-339096.html

Communication Crucial in Construction

LOS ANGELES-Experts on RealShare Apartments’ construction costs panel highlight communication as a key factor in staying on budget and on time.






via Los Angeles http://www.globest.com/news/12_722/losangeles/multifamily/Contractor-and-Developer-Communication-Crucial-339071.html

Friday, October 25, 2013

CoStar's People of Note (Oct. 20 - 26)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Los Angeles, Chicago, Phoenix, Pittsburgh, Raleigh, Northern New Jersey, New York City, and Cincinnati. WASHINGTON DC Webb, Butler Join CBRE Capital Markets Group By Bill Jenkins David Webb and Jamie Butler joined CBRE's



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Oct-20-26/153739?ref=/News/Article/CoStars-People-of-Note-Oct-20-26/153739&src=rss

Small Industrial Space Demand Picks Up

LOS ANGELES-Jones Lang LaSalle’s new managing director Bart Reinhard tells GlobeSt.com’s Kelsi Maree Borland that distributors of small- and mid-size industrial properties are getting back into the market.






via Los Angeles http://www.globest.com/news/12_721/losangeles/industrial/Small-Industrial-Space-Demand-Picks-Up-339065.html

Beverly Hills' Retail Properties Fetch $35M

LOS ANGELES-RREEF purchases two institutional-grade retail properties, totaling 11,200 square feet, for $35 million from Chicago-based real estate firm, L3 Capital.






via Los Angeles http://www.globest.com/news/12_721/losangeles/acquisitions_dispositions/Beverly-Hills-Retail-Properties-Fetch-35M-339064.html

CoStar's People of Note (Oct. 20 - 26)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Los Angeles, Chicago, Phoenix, Pittsburgh, Raleigh, Northern New Jersey, New York City, and Cincinnati. WASHINGTON DC Webb, Butler Join CBRE Capital Markets Group By Bill Jenkins David Webb and Jamie Butler joined CBRE's



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Oct-20-26/153739?ref=/News/Article/CoStars-People-of-Note-Oct-20-26/153739&src=rss

Student Housing Matures, Refines

LOS ANGELES-The sector has experiences a significant transformation over the past 20 years and investors are taking notice, say panelists at RealShare Apartments 2013 in L.A.






via Los Angeles http://www.globest.com/news/12_721/national/multifamily/Student-Housing-Matures-Refines-339041.html

Agencies, Conduits, Life Cos. Aggressive

LOS ANGELES-Experts on RealShare Apartments’ agency lending panel discuss the future of agency lending and how conduits and life insurance cos. are affecting competition.






via Los Angeles http://www.globest.com/news/12_721/losangeles/multifamily/Agencies-Conduits-Life-Companies-Staying-Aggressive-339047.html

Thursday, October 24, 2013

Corona Industrial Sells for $4M

A private trust sold the industrial building at 1955 Sampson Ave. in Corona, CA to K&B Engineering for $4 million, or approximately $308 per square foot. The buyer, a leader in communications engineering, is an owner/user currently headquartered at Corporate Terrace Plaza in Corona. K&B Electric plans to expand its business to the Sampson property. The 13,000-square-foot building features 10 grade-level doors and sits on a large 6.54-acre...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Corona-Industrial-Sells-for-$4M/153655?ref=/News/Article/Corona-Industrial-Sells-for-$4M/153655&src=rss

Corona Industrial Sells for $4M

A private trust sold the industrial building at 1955 Sampson Ave. in Corona, CA to K&B Engineering for $4 million, or approximately $308 per square foot. The buyer, a leader in communications engineering, is an owner/user currently headquartered at Corporate Terrace Plaza in Corona. K&B Electric plans to expand its business to the Sampson property. The 13,000-square-foot building features 10 grade-level doors and sits on a large 6.54-acre...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Corona-Industrial-Sells-for-$4M/153655?ref=/News/Article/Corona-Industrial-Sells-for-$4M/153655&src=rss

Apartments: 'Potential for a Nice Long Cycle'

LOS ANGELES-Fundamentals are as good as they can be in the sector, say panelists during RealShare Apartments 2013’s opening economics panel, but the question is how long it can last.






via Los Angeles http://www.globest.com/news/12_720/national/multifamily/Apartments-Potential-for-a-Nice-Long-Cycle-339015.html

Phelan Retail Strip Sold for $1.5M

AVD Land 2 LLC purchased the retail building at 4050 Phelan Rd. in Phelan, CA for $1.5 million, or about $116 per square foot, from Fontana Juniper LLC. Built in 1991, the strip center totals 12,960 square feet on an acre of land located at the northwest corner of Sheep Creek Rd. The asset was 89 percent occupied at the time of sale. Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions represented the seller....



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544?ref=/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544&src=rss

Riverside LA Fitness Trades for $13.9M

Cole Credit Property Trust IV, Inc. purchased the retail property at 3437 Arlington Ave. in Riverside, CA for $13.88 million, or about $279 per square foot, from Westminster Arlington LLC. The asset is currently 100 percent leased to LA Fitness through April of 2038 on a triple-net basis. Originally built in 2010 and with an additional 7,461 square feet added in 2013, the health club totals 49,661 square feet on 5.6 acres, part of the Arlington...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542?ref=/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542&src=rss

CoStar's People of Note (Oct. 13 - 19)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Los Angeles, Washington DC, Tampa, South Florida, Cleveland, Orlando, Phoenix, Seattle, Tucson, Atlanta, Portland, and Nashville. LOS ANGELES Transwestern Welcomes Smith as New EVP By Annette Dolley Transwestern is expanding its



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-Oct-13-19/153465?ref=/News/Article/CoStars-People-of-Note-Oct-13-19/153465&src=rss

Market Trend: Inland Empire's Office Vacancy Decreases to 12.3%

The Inland Empire Office market ended the third quarter 2013 with a vacancy rate of 12.3%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 482,133 square feet in the third quarter. That compares to positive 376,367 square feet in the second quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 44,964 square feet. Tenants moving into large blocks of space in 2013 include...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515&src=rss

Temecula Shopping Center Trades for $18.5M

Pathfinder Partners LLC purchased the Bel Villaggio shopping center for $18.5 million in two separate transactions. The San Diego-based investment firm purchased Bel Villaggio I and II from CW Capital Asset Management for $12.75 million, or about $165 per square foot, and the Bel Villaggio III for $5.7 million, or about $139 per square foot, from LNR Property Corporation. Bel Villaggio I & II was built in 2002 and totals 77,275 square feet, while...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261?ref=/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261&src=rss

New Owners for 182,000-SF Ontario Industrial

Denver-based Amstar Advisers LLC and a joint venture between Huntington Industrial Partners & BlackRidge Real Estate Group purchased the industrial investment property at 1650 S. Archibald Ave. in Ontario, CA from Corsair Management LP. This sale represents the seller's downleg in a 1031 exchange. Built in 1994, the building totals 182,000 square feet on almost ten acres located at the southwest corner of E. Mission Blvd. and S Archibald Ave...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260?ref=/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260&src=rss

Cabot Properties Sells Industrial Portfolio for $1.5B

Liberty Property Trust acquired the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.48 billion. The transaction allowed for Liberty to increase its industrial platform by approximately 23 million square feet and add 177 properties in 24 new and existing markets to its portfolio. Of the company's total portfolio purchase, 58 percent of the properties were in existing Liberty markets, including Chicago, South Florida...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230?ref=/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230&src=rss

Wednesday, October 23, 2013

Fannie and Freddie Encourage B Product

LOS ANGELES-RealShare Apartment speakers gathered at the Palms Restaurant to discuss topics for today's event. Join in the debate by attending today at the Westin Bonaventure—it's not too late.






via Los Angeles http://www.globest.com/news/12_720/losangeles/multifamily/Fannie-and-Freddy-Changes-Encourage-Affordable-Product-339006.html

$27M Goes to Hollywest Promenade

LOS ANGELES-Shooshani Developers LLC secures a $27 million, 15-year loan for the Hollywest Promenade, a 120,173-square-foot shopping center with 95% occupancy.






via Los Angeles http://www.globest.com/news/12_719/losangeles/retail/27M-in-Financing-Goes-to-Hollywood-Promenade-338969.html

Creative Office Targets Non-Creative Industries

EL SEGUNDO, CA-A new $100 million office campus development in El Segundo brings collaborative work environments and open floor plans to non-creative companies, GlobeSt.com learns in this UPDATE to a previous story.






via Los Angeles http://www.globest.com/news/12_719/losangeles/office/Creative-Office-Targets-Non-Creative-338968.html

Boutique Hotels Get Size with Individuality

LOS ANGELES-According to experts at the Boutique Lifestyle Leadership Symposium, boutique hotels can evolve into international brands so long as they maintain a singular culture and experience.






via Los Angeles http://www.globest.com/news/12_719/losangeles/hotel/Boutique-Hotels-Get-Size-with-Individuality-338953.html

Tuesday, October 22, 2013

Phelan Retail Strip Sold for $1.5M

AVD Land 2 LLC purchased the retail building at 4050 Phelan Rd. in Phelan, CA for $1.5 million, or about $116 per square foot, from Fontana Juniper LLC. Built in 1991, the strip center totals 12,960 square feet on an acre of land located at the northwest corner of Sheep Creek Rd. The asset was 89 percent occupied at the time of sale. Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions represented the seller....



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544?ref=/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544&src=rss

Riverside LA Fitness Trades for $13.9M

Cole Credit Property Trust IV, Inc. purchased the retail property at 3437 Arlington Ave. in Riverside, CA for $13.88 million, or about $279 per square foot, from Westminster Arlington LLC. The asset is currently 100 percent leased to LA Fitness through April of 2038 on a triple-net basis. Originally built in 2010 and with an additional 7,461 square feet added in 2013, the health club totals 49,661 square feet on 5.6 acres, part of the Arlington...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542?ref=/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542&src=rss

Transit Corridors Ideal for Affordable Housing

LOS ANGELES-A UCLA study shows transit corridors may be the best location for workforce housing developments that will shrink the housing affordability gap.






via Los Angeles http://www.globest.com/news/12_718/losangeles/multifamily/Transit-Corridors-Ideal-for-Affordable-MF-Development-338891.html

Monday, October 21, 2013

Phelan Retail Strip Sold for $1.5M

AVD Land 2 LLC purchased the retail building at 4050 Phelan Rd. in Phelan, CA for $1.5 million, or about $116 per square foot, from Fontana Juniper LLC. Built in 1991, the strip center totals 12,960 square feet on an acre of land located at the northwest corner of Sheep Creek Rd. The asset was 89 percent occupied at the time of sale. Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions represented the seller....



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544?ref=/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544&src=rss

Riverside LA Fitness Trades for $13.9M

Cole Credit Property Trust IV, Inc. purchased the retail property at 3437 Arlington Ave. in Riverside, CA for $13.88 million, or about $279 per square foot, from Westminster Arlington LLC. The asset is currently 100 percent leased to LA Fitness through April of 2038 on a triple-net basis. Originally built in 2010 and with an additional 7,461 square feet added in 2013, the health club totals 49,661 square feet on 5.6 acres, part of the Arlington...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542?ref=/News/Article/Riverside-LA-Fitness-Trades-for-$139M/153542&src=rss

Sperry Van Ness Expands Equities Platform

LOS ANGELES-Sperry Van Ness International Corp. enters into a partnership with DealPoint Merrill to expand its national private equities platform and seek value-add real estate opportunities.






via Los Angeles http://www.globest.com/news/12_717/losangeles/finance/Sperry-Van-Ness-Expands-Equities-Platform-338880.html

MacFarlane Partners to Buy Park Fifth Site

LOS ANGELES-Real estate investor MacFarlane Partners enters escrow on downtown's Park Fifth site and plans to develop a mixed-use high-rise building.






via Los Angeles http://www.globest.com/news/12_717/losangeles/acquisitions_dispositions/MacFarlane-Partners-to-Buy-Park-Fifth-Site-338879.html

JB Matteson Buys $82M Apt. Community

VENTURA, CA-JB Matteson completes its sixth acquisition in California with the purchase of Vanoni Ranch Apartments, a 316-unit luxury apartment community.






via Los Angeles http://www.globest.com/news/12_717/losangeles/acquisitions_dispositions/JB-Matteson-Purchases-82M-Apartment-Community-338843.html

Friday, October 18, 2013

CoStar's People of Note (Oct. 13 - 19)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Los Angeles, Washington DC, Tampa, South Florida, Cleveland, Orlando, Phoenix, Seattle, Tucson, Atlanta, Portland, and Nashville. LOS ANGELES Transwestern Welcomes Smith as New EVP By Annette Dolley Transwestern is expanding its



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Oct-13-19/153465?ref=/News/Article/CoStars-People-of-Note-Oct-13-19/153465&src=rss

Market Trend: Inland Empire's Office Vacancy Decreases to 12.3%

The Inland Empire Office market ended the third quarter 2013 with a vacancy rate of 12.3%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 482,133 square feet in the third quarter. That compares to positive 376,367 square feet in the second quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 44,964 square feet. Tenants moving into large blocks of space in 2013 include...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515&src=rss

Market Trend: Inland Empire's Office Vacancy Decreases to 12.3%

The Inland Empire Office market ended the third quarter 2013 with a vacancy rate of 12.3%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 482,133 square feet in the third quarter. That compares to positive 376,367 square feet in the second quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 44,964 square feet. Tenants moving into large blocks of space in 2013 include...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-123/153515&src=rss

JV Plans Speculative Office Development

EL SEGUNDO, CA-Continental Development Corp. and Mar Ventures plan to develop a 15-building office campus with 210,000 square feet of creative office space.






via Los Angeles http://www.globest.com/news/12_716/losangeles/development/Joint-Venture-Plans-Speculative-Office-Development-338828.html

Onsite Property Managers: An Essential

LOS ANGELES-RealShare Apartments property management speaker Danny Soul tells GlobeSt.com’s Kelsi Maree Borland that property managers are an essential ingredient for an asset’s success.






via Los Angeles http://www.globest.com/news/12_716/losangeles/multifamily/Onsite-Property-Managers-An-Essential-338827.html

Millennials Want Out of the Box

LOS ANGELES-TCA Architects CEO Thomas P. Cox tells GlobeSt.com's Kelsi Maree Borland that millennials are looking for smaller units and larger community spaces in this UPDATE to a previous story.






via Los Angeles http://www.globest.com/news/12_716/losangeles/multifamily/Millennials-Want-Out-of-the-Box-338795.html

CoStar's People of Note (Oct. 13 - 19)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Los Angeles, Washington DC, Tampa, South Florida, Cleveland, Orlando, Phoenix, Seattle, Tucson, Atlanta, Portland, and Nashville. LOS ANGELES Transwestern Welcomes Smith as New EVP By Annette Dolley Transwestern is expanding its



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Oct-13-19/153465?ref=/News/Article/CoStars-People-of-Note-Oct-13-19/153465&src=rss

Thursday, October 17, 2013

Century City Offices Among Nation's Most Expensive

LOS ANGELES-Century City's Avenue of the Americas is the nation's eighth most expensive street for office space, according to a new JLL report.






via Los Angeles http://www.globest.com/news/12_715/losangeles/office/Century-City-Offices-Among-Nations-Most-Expensive-338771.html

Juanita Tate Marketplace Breaks Ground

LOS ANGELES-Construction begins on the Juanita Tate Marketplace, a $21 million outdoor retail center development designed by Nadel Architects.






via Los Angeles http://www.globest.com/news/12_715/losangeles/retail/Juanita-Tate-Marketplace-Breaks-Ground-338770.html

MF, the Star of California's Housing Recovery

LOS ANGELES-Senior Economist David Shulman at Allen Matkins' UCLA Anderson Forecast estimates 400,000 units will come online in the next two years.






via Los Angeles http://www.globest.com/news/12_715/losangeles/multifamily/MF-the-Star-of-Californias-Housing-Recovery-338746.html

Law Firms Reach the Tipping Point

CHICAGO—For the first time in seven years, more than half of US cities with high concentrations of top law firms can be considered landlord-friendly markets.






via Los Angeles http://www.globest.com/news/12_715/chicago/office/Law-Firms-Reach-the-Tipping-Point-338753.html

Wednesday, October 16, 2013

Resort Sector Gains Momentum

LOS ANGELES-According to research from JLL, the resort sector is experiencing its best year since 2007 with $2.5 billion dollars in transactions.






via Los Angeles http://www.globest.com/news/12_714/losangeles/hotel/Resort-Sector-Gains-Momentum-338720.html

Sold! The London West Hollywood

LOS ANGELES-Northwood Investors LLC acquires the London West Hollywood and reveals future plans to expand the 200-room property.






via Los Angeles http://www.globest.com/news/12_714/losangeles/acquisitions_dispositions/Sold-The-London-West-Hollywood-338721.html

Glenoaks Apartments Trades Hands

GLENDALE, CA-Multifamily Investment Partners LLC acquires Glenoaks Apartments, a 63-unit multifamily complex, for $12.4 million with plans to add luxury upgrades.






via Los Angeles http://www.globest.com/news/12_714/losangeles/acquisitions_dispositions/Glenoaks-Apartments-Trades-Hands-338699.html

Tuesday, October 15, 2013

REIT Acquires Five Acres

GLENDORA, CA-AvalonBay purchases five acres to develop the city's largest apartment community, a 256-unit mixed-use complex.






via Los Angeles http://www.globest.com/news/12_713/losangeles/acquisitions_dispositions/REIT-Acquires-Five-Acres-338667.html

MF Community Launches Leasing Efforts

MONTCLAIR, CA-The Paseos at Montclair North, a 385-unit mixed-use complex, holds grand opening ceremony today to begin leasing efforts.






via Los Angeles http://www.globest.com/news/12_713/losangeles/multifamily/MF-Community-Launches-Leasing-Efforts-338637.html

Temecula Shopping Center Trades for $18.5M

Pathfinder Partners LLC purchased the Bel Villaggio shopping center for $18.5 million in two separate transactions. The San Diego-based investment firm purchased Bel Villaggio I and II from CW Capital Asset Management for $12.75 million, or about $165 per square foot, and the Bel Villaggio III for $5.7 million, or about $139 per square foot, from LNR Property Corporation. Bel Villaggio I & II was built in 2002 and totals 77,275 square feet, while...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261?ref=/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261&src=rss

New Owners for 182,000-SF Ontario Industrial

Denver-based Amstar Advisers LLC and a joint venture between Huntington Industrial Partners & BlackRidge Real Estate Group purchased the industrial investment property at 1650 S. Archibald Ave. in Ontario, CA from Corsair Management LP. This sale represents the seller's downleg in a 1031 exchange. Built in 1994, the building totals 182,000 square feet on almost ten acres located at the southwest corner of E. Mission Blvd. and S Archibald Ave...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260?ref=/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260&src=rss

Monday, October 14, 2013

Atlantic Pearl Investments Acquires Value-Add

LOS ANGELES-Atlantic Pearl Investments acquires a 53,000-square-foot office building for $12 million as a value-add investment.






via Los Angeles http://www.globest.com/news/12_712/losangeles/office/Atlantic-Pearl-Investments-Acquires-Value-Add-338629.html

TCA Architects Win Design Awards

LOS ANGELES-TCA Architects earns the first place design award from National Association of Home Builders for its creative concepts that attract Millennial renters.






via Los Angeles http://www.globest.com/news/12_712/losangeles/multifamily/LOS-ANGELES-TCA-Architects-Win-Design-Awards-338628.html

Temecula Shopping Center Trades for $18.5M

Pathfinder Partners LLC purchased the Bel Villaggio shopping center for $18.5 million in two separate transactions. The San Diego-based investment firm purchased Bel Villaggio I and II from CW Capital Asset Management for $12.75 million, or about $165 per square foot, and the Bel Villaggio III for $5.7 million, or about $139 per square foot, from LNR Property Corporation. Bel Villaggio I & II was built in 2002 and totals 77,275 square feet, while...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261?ref=/News/Article/Temecula-Shopping-Center-Trades-for-$185M/153261&src=rss

New Owners for 182,000-SF Ontario Industrial

Denver-based Amstar Advisers LLC and a joint venture between Huntington Industrial Partners & BlackRidge Real Estate Group purchased the industrial investment property at 1650 S. Archibald Ave. in Ontario, CA from Corsair Management LP. This sale represents the seller's downleg in a 1031 exchange. Built in 1994, the building totals 182,000 square feet on almost ten acres located at the southwest corner of E. Mission Blvd. and S Archibald Ave...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260?ref=/News/Article/New-Owners-for-182000-SF-Ontario-Industrial/153260&src=rss

Workforce Housing In Better Markets

IRVINE, CA-Collaboration among employers, local governments and developers can bring affordable living options to workers in higher-end regions, SL Residential’s Greg Sadick tells GlobeSt.com in this EXCLUSIVE pre-RealShare Apartments interview.






via Los Angeles http://www.globest.com/news/12_712/orangecounty/multifamily/Workforce-Housing-In-Better-Markets-338605.html

CoStar's People of Note (Oct. 6 - 12)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Cincinnati, Raleigh, Southern Connecticut, San Francisco, Tampa, Dallas, Indianapolis, St. Louis, Washington DC, Long Island, Atlanta, and Northern New Jersey. CINCINNATI Cassidy Turley Names Three to Principal By Bryce Meyers

Cabot Properties Sells Industrial Portfolio for $1.5B

Liberty Property Trust acquired the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.48 billion. The transaction allowed for Liberty to increase its industrial platform by approximately 23 million square feet and add 177 properties in 24 new and existing markets to its portfolio. Of the company's total portfolio purchase, 58 percent of the properties were in existing Liberty markets, including Chicago, South Florida...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230?ref=/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230&src=rss

Former Blockbuster Bldg Sold for $1.3M

Ralphs Grocery Company purchased the retail building at 42140 Washington St. in Bermuda Dunes, CA for $1.3 million, or $260 per square foot, from Ohno Properties LLC. The buyer plans to expand its existing location adjacent to the site, developing a gas station there. The former Blockbuster Video property totals 5,000 square feet on 0.67 acres, part of the 144,000-square-foot Washington Square shopping center, located at the southeast corner of...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968?ref=/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968&src=rss

Beaumont Retail Trades for $2.5M

A private party purchased the retail property at 1488 E. 2nd St. in Beaumont, CA for $2.5 million, or $500 per square foot, from Fountainhead Development. Newly constructed in 2013, the single-tenant retail property totals 4,990 square feet on approximately half an acre, part of the San Gorgonio Village shopping center located at the northwest corner of Commerce Ct. and E. 2nd St. The asset is fully leased to Ramona Tire & Service Center...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Beaumont-Retail-Trades-for-$25M/152969?ref=/News/Article/Beaumont-Retail-Trades-for-$25M/152969&src=rss

ROIC Closes $186.2M in Shopping Center Acquisitions

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has acquired three grocery-anchored shopping centers spread across the West Coast in separate transactions totaling $153.7 million in the past month. It currently has a binding contract to acquire a fourth grocery-anchored shopping center for an additional $32.5 million. The company has committed $186.2 million to shopping center acquisitions during the third quarter 2013, bringing its year-to...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930?ref=/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930&src=rss

115-Unit Luxury Build Breaks Ground

CULVER CITY, CA-Greystar Real Estate Partners begins construction of Access Culver City, a 31,240-square-foot multifamily complex, on October 15.






via Los Angeles http://www.globest.com/news/12_712/losangeles/multifamily/115-Unit-Luxury-Build-Breaks-Ground-338586.html

Saturday, October 12, 2013

Cabot Properties Sells Industrial Portfolio for $1.5B

Liberty Property Trust acquired the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.48 billion. The transaction allowed for Liberty to increase its industrial platform by approximately 23 million square feet and add 177 properties in 24 new and existing markets to its portfolio. Of the company's total portfolio purchase, 58 percent of the properties were in existing Liberty markets, including Chicago, South Florida...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230?ref=/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230&src=rss

Friday, October 11, 2013

Cabot Properties Sells Industrial Portfolio for $1.5B

Liberty Property Trust acquired the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.48 billion. The transaction allowed for Liberty to increase its industrial platform by approximately 23 million square feet and add 177 properties in 24 new and existing markets to its portfolio. Of the company's total portfolio purchase, 58 percent of the properties were in existing Liberty markets, including Chicago, South Florida...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230?ref=/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230&src=rss

B Product Charms Agency Lenders

LOS ANGELES-RealShare Apartments panel moderator Brian Eisendrath of CBRE tells to GlobeSt.com reporter Kelsi Maree Borland gradual changes in agency lending and the trend toward affordable product.






via Los Angeles http://www.globest.com/news/12_711/losangeles/multifamily/B-Product-Charms-Agency-Lenders-338572.html

Westwood Village Signs Record Lease

WESTWOOD, CA-Urban Outfitters doubles its Westwood Village space with a 16,556-square-foot lease—the center’s largest apparel lease in 30 years.






via Los Angeles http://www.globest.com/news/12_711/losangeles/retail/Westwood-Village-Signs-Record-Lease-338571.html

CoStar's People of Note (Oct. 6 - 12)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Cincinnati, Raleigh, Southern Connecticut, San Francisco, Tampa, Dallas, Indianapolis, St. Louis, Washington DC, Long Island, Atlanta, and Northern New Jersey. CINCINNATI Cassidy Turley Names Three to Principal By Bryce Meyers

CoStar's People of Note (Oct. 6 - 12)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Cincinnati, Raleigh, Southern Connecticut, San Francisco, Tampa, Dallas, Indianapolis, St. Louis, Washington DC, Long Island, Atlanta, and Northern New Jersey. CINCINNATI Cassidy Turley Promotes Three to Principal By Bryce Meyers

FCRC Gets Atlantic Yards Partner

BROOKLYN, NY-A chinese company has pledged to enter a joint venture to acquire 70% ownership of the project—excluding Barclays Center and the first residential tower.






via Los Angeles http://www.globest.com/news/12_711/newyork/development/FCRC-Gets-Atlantic-Yards-Partner-338556.html

Sprinkles Signs Sweet Industrial Lease

INGLEWOOD, CA-Sprinkles Cupcakes moves its headquarters to a 32,213-square-foot industrial space in Los Angeles.






via Los Angeles http://www.globest.com/news/12_711/losangeles/industrial/Sprinkles-Signs-Sweet-Industrial-Lease-338542.html

Thursday, October 10, 2013

400,000SF Industrial Space Hits Market

COMMERCE, CA-Randolph Business Center, a 100% net-leased distribution facility on 16.5 acres, has come onto the market with expectations to set pricing standard in the market.






via Los Angeles http://www.globest.com/news/12_710/losangeles/industrial/400000SF-Industrial-Space-Hits-Market-338520.html

Lindom Co. Grabs Irwindale Speedway

CITY OF IRWINDALE, CA-Lindom Co. acquires the 63-acre Irwindale Speedway for the versatile land and plans to develop.






via Los Angeles http://www.globest.com/news/12_710/losangeles/acquisitions_dispositions/Lindom-Co-Grabs-Irwindale-Speedway-338513.html

EVOQ Properties Sheds $100M in Assets

LOS ANGELES-EVOQ Properties settles $43 million in secured principle debt with capital generated through the disposition of four assets.






via Los Angeles http://www.globest.com/news/12_710/losangeles/acquisitions_dispositions/EVOQ-Properties-Sheds-100M-in-Assets-338489.html

Wednesday, October 9, 2013

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Triple Promotion at EPTDesign

LOS ANGELES-Landscape architecture firm EPTDesign promotes Scott Horsley, Claire Latané and Ian Morris to senior associate, illustrating the firm's growth.






via Los Angeles http://www.globest.com/news/12_709/losangeles/employment/Triple-Promotion-at-EPTDesign-338475.html

72-Unit MF Build Replaces Calabasas Inn

CALABASAS, CA-The New Home Co. acquires the Calabasas Inn with plans to build a 72-unit mixed-use complex on the site, GlobeSt.com reports EXCLUSIVELY.






via Los Angeles http://www.globest.com/news/12_709/losangeles/multifamily/72-Unit-MF-Build-Replaces-Calabasas-Inn-338474.html

Former Blockbuster Bldg Sold for $1.3M

Ralphs Grocery Company purchased the retail building at 42140 Washington St. in Bermuda Dunes, CA for $1.3 million, or $260 per square foot, from Ohno Properties LLC. The buyer plans to expand its existing location adjacent to the site, developing a gas station there. The former Blockbuster Video property totals 5,000 square feet on 0.67 acres, part of the 144,000-square-foot Washington Square shopping center, located at the southeast corner of...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968?ref=/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968&src=rss

CoStar's People of Note (Sept. 29 - Oct. 5)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Detroit, Washington DC, Atlanta, Minneapolis, Northern New Jersey, San Antonio, Jacksonville, Los Angeles, Seattle, Indianapolis, and Austin. GLOBAL HCP Hires Martin Away from JLL to Replace Flaherty as CEO By Randyl Drummer

Beaumont Retail Trades for $2.5M

A private party purchased the retail property at 1488 E. 2nd St. in Beaumont, CA for $2.5 million, or $500 per square foot, from Fountainhead Development. Newly constructed in 2013, the single-tenant retail property totals 4,990 square feet on approximately half an acre, part of the San Gorgonio Village shopping center located at the northwest corner of Commerce Ct. and E. 2nd St. The asset is fully leased to Ramona Tire & Service Center...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Beaumont-Retail-Trades-for-$25M/152969?ref=/News/Article/Beaumont-Retail-Trades-for-$25M/152969&src=rss

ROIC Closes $186.2M in Shopping Center Acquisitions

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has acquired three grocery-anchored shopping centers spread across the West Coast in separate transactions totaling $153.7 million in the past month. It currently has a binding contract to acquire a fourth grocery-anchored shopping center for an additional $32.5 million. The company has committed $186.2 million to shopping center acquisitions during the third quarter 2013, bringing its year-to...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930?ref=/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930&src=rss

Former Blockbuster Bldg Sold for $1.3M

Ralphs Grocery Company purchased the retail building at 42140 Washington St. in Bermuda Dunes, CA for $1.3 million, or $260 per square foot, from Ohno Properties LLC. The buyer plans to expand its existing location adjacent to the site, developing a gas station there. The former Blockbuster Video property totals 5,000 square feet on 0.67 acres, part of the 144,000-square-foot Washington Square shopping center, located at the southeast corner of...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968?ref=/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968&src=rss

$19M Goes Towards 56-Unit Hollywood Build

Tuesday, October 8, 2013

Former Blockbuster Bldg Sold for $1.3M

Ralphs Grocery Company purchased the retail building at 42140 Washington St. in Bermuda Dunes, CA for $1.3 million, or $260 per square foot, from Ohno Properties LLC. The buyer plans to expand its existing location adjacent to the site, developing a gas station there. The former Blockbuster Video property totals 5,000 square feet on 0.67 acres, part of the 144,000-square-foot Washington Square shopping center, located at the southeast corner of...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968?ref=/News/Article/Former-Blockbuster-Bldg-Sold-for-$13M/152968&src=rss

G12 Site Gets New Land Owner for $45M

LOS ANGELES-Astani Enterprises sells its three-acre G12 site downtown to the Wolff Co., a real estate private equity firm, to co-develop the $245-million mixed-use project.






via Los Angeles http://www.globest.com/news/12_708/losangeles/acquisitions_dispositions/G12-Site-Gets-New-Land-Owner-for-45M-338425.html

NBCUniversal Headquarters Sails for $420M

SAN FERNANDO, CA-Comcast Corp. acquires the NBCUniversal headquarters building in what is said to be the Valley’s largest single-standing building sale in a decade.






via Los Angeles http://www.globest.com/news/12_708/losangeles/acquisitions_dispositions/NBCUniversal-Headquarters-Sails-for-420M-338423.html

Monday, October 7, 2013

Construction Management Drought

LOS ANGELES-GlobeSt.com talks with Real Share Apartment’s speaker Michael Rovner of Michael Rovner Construction about development trends.






via Los Angeles http://www.globest.com/news/12_707/losangeles/multifamily/Construction-Management-Experiencing-Shortage-338370.html

Top Engineering Firms Start Non-Profit

LOS ANGELES-Joseph Derhake of Partner Engineering and Science Inc. talks with GlobeSt.com about NEEDA, a new non-profit focused on fostering real estate technical due diligence.






via Los Angeles http://www.globest.com/news/12_707/losangeles/engineering/Top-Engineering-Firms-Start-Non-Profit-338371.html

Public REIT Acquires Value-Add

LOS ANGELES-Following the trend toward value-add assets, a prominent public REIT acquires a West Los Angeles value-add listed at $18.8 million, GlobeSt.com learns in this EXCLUSIVE story.






via Los Angeles http://www.globest.com/news/12_707/losangeles/office/Public-REIT-Acquires-Value-Add-338346.html

Friday, October 4, 2013

CoStar's People of Note (Sept. 29 - Oct. 5)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Detroit, Washington DC, Atlanta, Minneapolis, Northern New Jersey, San Antonio, Jacksonville, Los Angeles, Seattle, Indianapolis, and Austin. GLOBAL HCP Hires Martin Away from JLL to Replace Flaherty as CEO By Randyl Drummer

DTLA Six Acres Take $80M

LOS ANGELES-Mack Urban and AECOM Capital purchase six acres in the largest land acquisition in downtown's central business district since the recession.






via Los Angeles http://www.globest.com/news/12_706/losangeles/development/DTLA-Six-Acres-Take-80M-338326.html

Downtown Magnet for Investors

LOS ANGELES-Ronald M. Dickerman of Madison International Realty talks to GlobeSt.com about the company's recent downtown joint venture and its growing interest in DTLA in this UPDATE to a recent story.






via Los Angeles http://www.globest.com/news/12_706/losangeles/office/Downtown-Magnet-for-Investors-338323.html

CoStar's People of Note (Sept. 29 - Oct. 5)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Detroit, Washington DC, Atlanta, Minneapolis, Northern New Jersey, San Antonio, Jacksonville, Los Angeles, Seattle, Indianapolis, and Austin. GLOBAL HCP Hires Martin Away from JLL to Replace Flaherty as CEO By Randyl Drummer

IMT Capital LLC Launches Fund with $400M

SHERMAN OAKS, CA-With $400 million already in commitments, IMT Capital LLC starts Fund III to target value-add multifamily assets in major US markets.






via Los Angeles http://www.globest.com/news/12_706/losangeles/multifamily/IMT-Capital-LLC-Launches-Fund-with-400M-338295.html

Thursday, October 3, 2013

The Mercer at Warner Center Fetches $88M

WOODLAND HILLS, CA-Woodland Hills, CA, 477-unit multifamily complex the Mercer at Warner Center is exchanged for $184,000 per unit in a 1031 exchange.






via Los Angeles http://www.globest.com/news/12_705/losangeles/multifamily/The-Mercer-at-Warner-Center-Fetches-88M-338272.html

Crenshaw Village Deal Resurges Baldwin Hills Market

LOS ANGELES-Steve Bram of George Smith Partners tells GlobeSt.com how the recent $60 million acquisition of the Crenshaw Village portfolio is bringing new institutional investor attention to Baldwin Hills in this UPDATE to a previous story.






via Los Angeles http://www.globest.com/news/12_705/losangeles/multifamily/Crenshaw-Village-Deal-Resurges-Baldwin-Hills-Market-338275.html

Flaherty Out, JLL's Martin In at HCP

LONG BEACH, CA-Following the termination of chairman, president and CEO James A. Flaherty III, the healthcare REIT’s board has separated the chairman and CEO roles.






via Los Angeles http://www.globest.com/news/12_705/national/medical_office/Flaherty-Out-JLLs-Martin-In-at-HCP-338266.html

BRE Properties Nabs $120M Multifamily Complex

LOS ANGELES-BRE Properties acquires the 270-unit Hollywood multifamily complex for $120.5 million.






via Los Angeles http://www.globest.com/news/12_705/losangeles/multifamily/BRE-Properties-Nabs-120M-Multifamily-Complex-338246.html

Beaumont Retail Trades for $2.5M

A private party purchased the retail property at 1488 E. 2nd St. in Beaumont, CA for $2.5 million, or $500 per square foot, from Fountainhead Development. Newly constructed in 2013, the single-tenant retail property totals 4,990 square feet on approximately half an acre, part of the San Gorgonio Village shopping center located at the northwest corner of Commerce Ct. and E. 2nd St. The asset is fully leased to Ramona Tire & Service Center...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Beaumont-Retail-Trades-for-$25M/152969?ref=/News/Article/Beaumont-Retail-Trades-for-$25M/152969&src=rss

Wednesday, October 2, 2013

Beaumont Retail Trades for $2.5M

A private party purchased the retail property at 1488 E. 2nd St. in Beaumont, CA for $2.5 million, or $500 per square foot, from Fountainhead Development. Newly constructed in 2013, the single-tenant retail property totals 4,990 square feet on approximately half an acre, part of the San Gorgonio Village shopping center located at the northwest corner of Commerce Ct. and E. 2nd St. The asset is fully leased to Ramona Tire & Service Center...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Beaumont-Retail-Trades-for-$25M/152969?ref=/News/Article/Beaumont-Retail-Trades-for-$25M/152969&src=rss

Madison Realty International's $295M Buy

LOS ANGELES-Madison Realty International purchases a 49% interest in the Downtown Los Angeles office space One California Plaza for $295 million.






via Los Angeles http://www.globest.com/news/12_704/losangeles/office/Madison-Realty-Internationals-295M-Buy-338225.html

Carlos Serra Leads JLL Southwest

LOS ANGELES-Carlos Serra tells GlobeSt.com’s Kelsi Maree Borland EXCLUSIVELY about his new role as Jones Lang LaSalle’s Southwest leader of project management and development services and the changing industry.






via Los Angeles http://www.globest.com/news/12_704/losangeles/employment/Carlos-Serra-Leads-JLL-Southwest-338226.html

HFF Arranges Debt and Equity for Acquisition Industrial Facility

ONTARIO, CA-The Inland Empire asset comprises more than 400,000 square feet, and is located near Interstate 10.






via Los Angeles http://www.globest.com/news/12_704/west/industrial/HFF-Arranges-Debt-and-Equity-for-Acquisition-Industrial-Facility-338216.html

Colliers Promotes Snyder to EVP

IRVINE, CA-GlobeSt.com learns EXCLUSIVELY that Colliers International has promoted Jereme Snyder to EVP of retail investment for Greater Los Angeles, to be based here in Irvine.






via Los Angeles http://www.globest.com/news/12_704/orangecounty/employment/Colliers-Promotes-Snyder-to-EVP-338154.html

CCRE Credit Group Heads Out West

LOS ANGELES-CCRE expands credit group to the West Coast with the addition of Marcus Breuer as the firm's credit department director.






via Los Angeles http://www.globest.com/news/12_704/losangeles/economy/CCRE-Credit-Group-Heads-Out-West-338197.html

Tuesday, October 1, 2013

ROIC Closes $186.2M in Shopping Center Acquisitions

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has acquired three grocery-anchored shopping centers spread across the West Coast in separate transactions totaling $153.7 million in the past month. It currently has a binding contract to acquire a fourth grocery-anchored shopping center for an additional $32.5 million. The company has committed $186.2 million to shopping center acquisitions during the third quarter 2013, bringing its year-to...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930?ref=/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930&src=rss

ROIC Closes $186.2M in Shopping Center Acquisitions

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has acquired three grocery-anchored shopping centers spread across the West Coast in separate transactions totaling $153.7 million in the past month. It currently has a binding contract to acquire a fourth grocery-anchored shopping center for an additional $32.5 million. The company has committed $186.2 million to shopping center acquisitions during the third quarter 2013, bringing its year-to...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930?ref=/News/Article/ROIC-Closes-$1862M-in-Shopping-Center-Acquisitions/152930&src=rss

Sklar Kirsh Moves to 10,000SF Office

LOS ANGELES-GlobeSt.com learns EXCLUSIVELYthat law firm Sklar Kirsh LLP signs a 10,000-square-foot office lease valued at $4 million as part of an expansion.






via Los Angeles http://www.globest.com/news/12_703/losangeles/office/Sklar-Kirsh-Moves-to-10000SF-Office-338170.html

Private Investor Takes Crenshaw Village for $60M

LOS ANGELES-GlobeSt.com learns EXCLUSIVELY about the massive $60 million acquisition of the 65-building, 25-acre Crenshaw Village portfolio.






via Los Angeles http://www.globest.com/news/12_703/losangeles/multifamily/Private-Investor-Takes-Crenshaw-Village-for-60M-338169.html