HFF Arranges $78M for Mixed-Use

WEST HOLLYWOOD, CA-The Sunset, a 177,949-square-foot office, retail and office-plaza building with parking reaps the benefits of a refi.

via Los Angeles http://www.globest.com/news/12_508/losangeles/office/HFF-Arranges-78M-for-Mixed-Use-328288.html

Skill and Liquidity Make Kilroy Nimble

LOS ANGELES-Attorney Tony Natsis from Allen Matkins tells GlobeSt.com why Kilroy Realty Corp. is able to close several large deals at once.

via Los Angeles http://www.globest.com/news/12_507/losangeles/office/Skill-and-Liquidity-Make-Kilroy-Nimble-328291.html

Griffin Capital Nabs Health Net HQ

EL SEGUNDO, CA-GlobeSt.com learns exclusively that the 146,000-square-foot office building was purchased for $22.65 million.

via Los Angeles http://www.globest.com/news/12_507/losangeles/medical_office/Griffin-Capital-Nabs-Health-Net-HQ-327988.html

Emerging Office-Use Trends Raise Issues

LOS ANGELES-Parking needs and adaptability to future tenants must be assessed before offices get too ‘creative,’ say two real estate and land-use attorneys.

via Los Angeles http://www.globest.com/news/12_507/losangeles/office/Emerging-Office-Use-Trends-Raise-Issues-327993.html

Kilroy Ditches Industrial Portfolio for $355M

LOS ANGELES-Institutional buyers purchased the portfolio and two small office projects, which total approximately 3.7 million square feet.

via Los Angeles http://www.globest.com/news/12_503/losangeles/office/Kilroy-Ditches-Industrial-Portfolio-for-355M-327955.html

Kennedy Wilson JV Bags Ritz-Carlton Assets

LOS ANGELES- KW acquires a 50% ownership interest in two Lake Tahoe properties in this week’s wrap-up of West Coast deals.

via Los Angeles http://www.globest.com/news/12_506/losangeles/hotel/Kennedy-Wilson-JV-Bags-Ritz-Carlton-Assets-327925.html

Apts. Developed for Gen Y Renters

GLENDALE, CA-AMF Development LLC tops out on Elevé Lofts & Skydeck, a mixed-use complex here geared toward the young urban demographic.

via Los Angeles http://www.globest.com/news/12_505/losangeles/multifamily/Apts-Developed-for-Gen-Y-Renters-327874.html

Kilroy Ditches Industrial Portfolio for $355M

LOS ANGELES-Institutional buyers purchased the portfolio and two small office projects, which total approximately 3.7 million square feet.

via Los Angeles http://www.globest.com/news/12_504/losangeles/acquisitions_dispositions/Kilroy-Ditches-Industrial-Portfolio-for-355M-327803.html

Strong Second Half Awaits Industrial Sector

LOS ANGELES-GlobeSt.com learns exclusively that strong absorption and large warehouses mean the industrial sector has a bright future, according to a recent Jones Lang LaSalle West Coast industrial brokerage meeting.

via Los Angeles http://www.globest.com/news/12_504/losangeles/industrial/Strong-Second-Half-Awaits-Industrial-Sector-327806.html

Aragon Buys Multi-State $100M Apartment Portfolio

BEVERLY HILLS, CA-Aragon Holdings expands into two new markets with the acquisition of three properties in Atlanta and Denver, and deploys approximately half of the $52 million it raised in its recently-closed private equity fund.

via Los Angeles http://www.globest.com/news/12_502/losangeles/multifamily/Aragon-Buys-Multi-State-100M-Apartment-Portfolio-327738.html

BH Returns to Aggressive Buying Mode

LOS ANGELES-GlobeSt.com exclusively learns that the 15-year-old firm is bullish on acquisitions and plans to buy even more in 2013.

via Los Angeles http://www.globest.com/news/12_503/losangeles/acquisitions_dispositions/BH-Returns-to-Aggressive-Buying-Mode-327748.html

Champion To Triple Acquisition Volume

LOS ANGELES-The firm adds Alex Saunders to serve as a partner of Champion-Saunders Multi-Family Investments, a multifamily platform that will target value-add through the Western US.

via Los Angeles http://www.globest.com/news/12_502/losangeles/multifamily/Champion-Partners-Plans-To-Triple-Acquisition-Volume-327706.html

Large Office Sale, Lease on Wilshire

LOS ANGELES-GlobeSt.com learns exclusively that Charles Dunn Co. has completed a $15.5-million office sale in addition to a 19,042-square-foot lease on Wilshire Blvd.

via Los Angeles http://www.globest.com/news/12_502/losangeles/office/Large-Office-Sale-Lease-on-Wilshire-327710.html

Allen Matkins Gathers 700 Industry Pros

LOS ANGELES-The party is billed as the annual networking event of the season as commercial real estate executives from all facets of the industry attend.

via Los Angeles http://www.globest.com/news/12_502/losangeles/legal/Allen-Matkins-Gathers-700-Industry-Pros-327714.html

DTZ Rallies Forces for Americas Strategy

LOS ANGELES-Now officially established as a US-based provider, the firm is ready to roll out its push to increase its global footprint, with Canada, the US and Latin America in its sites.

via Los Angeles http://www.globest.com/news/12_500/losangeles/office/DTZ-Rallies-Forces-for-Americas-Strategy-327658.html

CBRE Global Investors Closes $1B Fund

LOS ANGELES-The value-added fund has equity commitments from nearly 22 institutional investors in the US and Europe and has exceeded its target.

via Los Angeles http://www.globest.com/news/12_501/losangeles/finance/CBRE-Global-Investors-Closes-1B-Fund-327657.html

Loews, MetLife Form JV to Own Hotel

LOS ANGELES-The venture involving 632-room Hollywood Hotel augments the firm’s partnership with MetLife, which also owns Loews Atlanta Hotel.

via Los Angeles http://www.globest.com/news/12_500/losangeles/hotel/Loews-MetLife-Form-JV-to-Own-Hotel-327624.html

Kennedy Wilson JV Bags Ritz-Carlton Assets

LOS ANGELES- KW acquires a 50% ownership interest in two Lake Tahoe properties in this week's wrap-up of West Coast deals.

via Los Angeles http://www.globest.com/news/12_506/losangeles/hotel/Kennedy-Wilson-JV-Bags-Ritz-Carlton-Assets-327869.html

Chino Industrial Trades for $3.1M

Armon Investments LLC purchased the industrial building at 13951 Monte Vista Ave. in Chino, CA for $3.1 million, or about $35 per square foot, from Sundance Spas, Inc. The private partnership plans on completing a multi-million dollar renovation on the high-vacancy property and making it available for lease or sale in the near term. Built in 1973, the former spa manufacturing site totals 87,500 square feet on five acres located at the northeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Chino-Industrial-Trades-for-$31M/144019?ref=/News/Article/Chino-Industrial-Trades-for-$31M/144019&src=rss

Murrieta Plaza Retail Bldg Changes Hands for $2.5M

Erudite Capital LLC purchased the 40,000-square-foot retail building at 40508 Murrieta Hot Springs Rd. in Murrieta, CA for $2.5 million, or about $63 per square foot. The buyer will be renting out the space, formerly occupied by SK Furniture. Built in 2006, the property sits on 3.7 acres as part of the Murrieta Plaza shopping center located at the southeast corner of Murrieta Hot Springs Road and the I-215. Mike Hanna, Michael Strode and Charley...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Murrieta-Plaza-Retail-Bldg-Changes-Hands-for-$25M/144000?ref=/News/Article/Murrieta-Plaza-Retail-Bldg-Changes-Hands-for-$25M/144000&src=rss

Intellicenter Riverside Bldg Sells $17.4M

KDC Real Estate Development & Investments sold the Intellicenter Riverside office building at 14350 Meridian Pkwy in Riverside, CA to the Regents of the University of California for $17.4 million, or $116 per square foot. The buyer will take occupancy of the property, which was vacant at time of sale, with the possibility of leasing out a portion of the space. Built in 2008, the three-story office building consists of 150,000 square feet and...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Intellicenter-Riverside-Bldg-Sells-$174M/143999?ref=/News/Article/Intellicenter-Riverside-Bldg-Sells-$174M/143999&src=rss

Shadow Ranch Lot Sells for $4.7M

Wal-Mart Realty Co. purchased the commercial land located at the northeast corner of Monroe St. and the I-10 in Indio, CA for $4,736,000, or about $74,000 per acre, from Wells Fargo Bank NA. The land, currently zoned for mixed-use development, will be home to a new Wal-Mart store. Groundbreaking is scheduled for January 2013. Curtis Barlow of Coldwell Banker Commercial Lyle & Associates and Thomas Olson with Douglas Wilson Companies represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Shadow-Ranch-Lot-Sells-for-$47M/143954?ref=/News/Article/Shadow-Ranch-Lot-Sells-for-$47M/143954&src=rss

Rancho Cucamonga Industrial Nets $4.3M

ABM Property Investments LLC purchased the industrial building located at 9550 Hermosa Ave. in Rancho Cucamonga, CA for $4.29 million, or about $69 per square foot, from Toth Enterprises GP. The buyer will be occupying the property doing business as ABM Office Solutions, a remanufactured office furniture provider. Built in 1975 and with renovations in 1996, the property totals 61,739 square feet on 6.2 acres located at the southwest corner...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Rancho-Cucamonga-Industrial-Nets-$43M/143951?ref=/News/Article/Rancho-Cucamonga-Industrial-Nets-$43M/143951&src=rss

Sun West Retail Plaza Sells for $2.9M

Cal Top Realty & Investments purchased the retail investment property at 228 W. Hospitality Ln. in San Bernardino, CA for $2,875,000, or about $135 per square foot, from MG Hospitality Associates LP. The sale was the buyer's upleg in a 1031 exchange. Built in 1989, Sun West Retail Plaza totals 21,269 square feet on 2.2 acres located at the northwest corner of W. Hospitality Ln. and Hunts Ln. in the East San Bernardino County submarket. The shopping...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Sun-West-Retail-Plaza-Sells-for-$29M/143737?ref=/News/Article/Sun-West-Retail-Plaza-Sells-for-$29M/143737&src=rss

December 2012 CCRSI Pricing Analysis Now Available

CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends based on property sales that closed through October 2012, and offering the broadest measure of commercial real estate repeat sales activity. CoStar developed the CCRSI to provide a comprehensive set of benchmarks that investors and other market participants can use to better...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/December-2012-CCRSI-Pricing-Analysis-Now-Available/144013?ref=/News/Article/December-2012-CCRSI-Pricing-Analysis-Now-Available/144013&src=rss

CoStar's People of Note (Dec. 9-15)

This week's People of Note includes the following markets: Boston, Chicago, Los Angeles, New York City, Northern New Jersey, South Bay and Washington, DC. WASHINGTON, DC Cassidy Turley Retains Investment Sales 'Dream Team' By Tim Trainor Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor.



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Dec-9-15/144010?ref=/News/Article/CoStars-People-of-Note-Dec-9-15/144010&src=rss

Fontana Industrial Bldg Trades for $7.8M

Molto Capital LLC purchased the industrial facility at 13505 Marlay Ave. in Fontana, CA for $7.825 million, or about $70 per square foot, from CH Hu Corporation. The seller, doing business as Organize It All, Inc., a housewares products importer, will lease back the facility for two years. Built in 2005, the property totals 111,419 square feet on 5.5 acres located at the northwest of Marlay Ave. and Mulberry Ave., south of Jurupa Ave. with close...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767?ref=/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767&src=rss

Apts. Developed for Gen Y Renters

GLENDALE, CA-AMF Development LLC tops out on Elevé Lofts & Skydeck, a mixed-use complex here geared toward the young urban demographic.

via Los Angeles http://www.globest.com/news/12_505/losangeles/development/Apts-Developed-for-Gen-Y-Renters-327821.html

Chino Industrial Trades for $3.1M

Armon Investments LLC purchased the industrial building at 13951 Monte Vista Ave. in Chino, CA for $3.1 million, or about $35 per square foot, from Sundance Spas, Inc. The private partnership plans on completing a multi-million dollar renovation on the high-vacancy property and making it available for lease or sale in the near term. Built in 1973, the former spa manufacturing site totals 87,500 square feet on five acres located at the northeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Chino-Industrial-Trades-for-$31M/144019?ref=/News/Article/Chino-Industrial-Trades-for-$31M/144019&src=rss

Strong Second Half Awaits Industrial Sector

LOS ANGELES-GlobeSt.com learns exclusively that strong absorption and large warehouses mean the industrial sector has a bright future, according to a recent Jones Lang LaSalle West Coast industrial brokerage meeting.

via Los Angeles http://www.globest.com/news/12_504/losangeles/industrial/Strong-Second-Half-Awaits-Industrial-Sector-327765.html

Murrieta Plaza Retail Bldg Changes Hands for $2.5M

Erudite Capital LLC purchased the 40,000-square-foot retail building at 40508 Murrieta Hot Springs Rd. in Murrieta, CA for $2.5 million, or about $63 per square foot. The buyer will be renting out the space, formerly occupied by SK Furniture. Built in 2006, the property sits on 3.7 acres as part of the Murrieta Plaza shopping center located at the southeast corner of Murrieta Hot Springs Road and the I-215. Mike Hanna, Michael Strode and Charley...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Murrieta-Plaza-Retail-Bldg-Changes-Hands-for-$25M/144000?ref=/News/Article/Murrieta-Plaza-Retail-Bldg-Changes-Hands-for-$25M/144000&src=rss

Intellicenter Riverside Bldg Sells $17.4M

KDC Real Estate Development & Investments sold the Intellicenter Riverside office building at 14350 Meridian Pkwy in Riverside, CA to the Regents of the University of California for $17.4 million, or $116 per square foot. The buyer will take occupancy of the property, which was vacant at time of sale, with the possibility of leasing out a portion of the space. Built in 2008, the three-story office building consists of 150,000 square feet and...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Intellicenter-Riverside-Bldg-Sells-$174M/143999?ref=/News/Article/Intellicenter-Riverside-Bldg-Sells-$174M/143999&src=rss

Kilroy Ditches Industrial Portfolio for $355M

LOS ANGELES-Institutional buyers purchased the portfolio and two small office projects, which total approximately 3.7 million square feet.

via Los Angeles http://www.globest.com/news/12_503/losangeles/acquisitions_dispositions/Kilroy-Ditches-Industrial-Portfolio-for-355M-327764.html

BH Returns to Aggressive Buying Mode

LOS ANGELES-GlobeSt.com exclusively learns that the 15-year-old firm is bullish on acquisitions and plans to buy even more in 2013.

via Los Angeles http://www.globest.com/news/12_503/losangeles/acquisitions_dispositions/BH-Returns-to-Aggressive-Buying-Mode-327715.html

December 2012 CCRSI Pricing Analysis Now Available

CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends based on property sales that closed through October 2012, and offering the broadest measure of commercial real estate repeat sales activity. CoStar developed the CCRSI to provide a comprehensive set of benchmarks that investors and other market participants can use to better...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/December-2012-CCRSI-Pricing-Analysis-Now-Available/144013?ref=/News/Article/December-2012-CCRSI-Pricing-Analysis-Now-Available/144013&src=rss

Shadow Ranch Lot Sells for $4.7M

Wal-Mart Realty Co. purchased the commercial land located at the northeast corner of Monroe St. and the I-10 in Indio, CA for $4,736,000, or about $74,000 per acre, from Wells Fargo Bank NA. The land, currently zoned for mixed-use development, will be home to a new Wal-Mart store. Groundbreaking is scheduled for January 2013. Curtis Barlow of Coldwell Banker Commercial Lyle & Associates and Thomas Olson with Douglas Wilson Companies represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Shadow-Ranch-Lot-Sells-for-$47M/143954?ref=/News/Article/Shadow-Ranch-Lot-Sells-for-$47M/143954&src=rss

Rancho Cucamonga Industrial Nets $4.3M

ABM Property Investments LLC purchased the industrial building located at 9550 Hermosa Ave. in Rancho Cucamonga, CA for $4.29 million, or about $69 per square foot, from Toth Enterprises GP. The buyer will be occupying the property doing business as ABM Office Solutions, a remanufactured office furniture provider. Built in 1975 and with renovations in 1996, the property totals 61,739 square feet on 6.2 acres located at the southwest corner...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Rancho-Cucamonga-Industrial-Nets-$43M/143951?ref=/News/Article/Rancho-Cucamonga-Industrial-Nets-$43M/143951&src=rss

Ground Lease Sells to California Buyer

ALLEN, TX-An acre containing a 4,000-square-foot Wells Fargo bank building is sold.

via Los Angeles http://www.globest.com/news/12_502/dallas/acquisitions_dispositions/Ground-Lease-Sells-to-California-Buyer-327709.html

Aragon Buys Multi-State $100M Apartment Portfolio

BEVERLY HILLS, CA-Aragon Holdings expands into two new markets with the acquisition of three properties in Atlanta and Denver, and deploys approximately half of the $52 million it raised in its recently-closed private equity fund.

via Los Angeles http://www.globest.com/news/12_502/losangeles/multifamily/Aragon-Buys-Multi-State-100M-Apartment-Portfolio-327705.html

Developer Breaks Ground on Culver City Office Campus

CULVER CITY, CA-Hackman Capital Partners LLC has recently broken ground on WorkScapes at the Hayden Tract, a creative office campus in Culver City.

via Los Angeles http://www.globest.com/news/12_502/losangeles/office/Developer-Breaks-Ground-on-Culver-City-Office-Campus-327701.html

Office Sale, Lease on Wilshire

LOS ANGELES-GlobeSt.com learns exclusively that Charles Dunn Co. has completed a $15.5-million office sale in addition to a 19,042-square-foot lease on Wilshire Blvd.

via Los Angeles http://www.globest.com/news/12_502/losangeles/office/Office-Sale-Lease-on-Wilshire-327686.html

Champion Partners, Plans To Triple Acquisition Volume

LOS ANGELES-The firm adds Alex Saunders to serve as a partner of Champion-Saunders Multi-Family Investments, a multifamily platform that will target value-add through the Western US.

via Los Angeles http://www.globest.com/news/12_502/losangeles/multifamily/Champion-Partners-Plans-To-Triple-Acquisition-Volume-327683.html

Allen Matkins Gathers 700 Industry Pros

LOS ANGELES-The party is billed as the annual networking event of the season as commercial real estate executives from all facets of the industry attend.

via Los Angeles http://www.globest.com/news/12_502/losangeles/other/Allen-Matkins-Gathers-700-Industry-Pros-327688.html

Sun West Retail Plaza Sells for $2.9M

Cal Top Realty & Investments purchased the retail investment property at 228 W. Hospitality Ln. in San Bernardino, CA for $2,875,000, or about $135 per square foot, from MG Hospitality Associates LP. The sale was the buyer's upleg in a 1031 exchange. Built in 1989, Sun West Retail Plaza totals 21,269 square feet on 2.2 acres located at the northwest corner of W. Hospitality Ln. and Hunts Ln. in the East San Bernardino County submarket. The shopping...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Sun-West-Retail-Plaza-Sells-for-$29M/143737?ref=/News/Article/Sun-West-Retail-Plaza-Sells-for-$29M/143737&src=rss

CoStar's People of Note (Dec. 9-15)

This week's People of Note includes the following markets: Boston, Chicago, Los Angeles, New York City, Northern New Jersey and Washington, DC. WASHINGTON, DC Cassidy Turley Retains Investment Sales 'Dream Team' By Tim Trainor Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor. This week, Cassidy Turley...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Dec-9-15/144010?ref=/News/Article/CoStars-People-of-Note-Dec-9-15/144010&src=rss

Ratkovich to Acquire Macy's Plaza in Downtown Los Angeles

LOS ANGELES-Ratkovich Co. is poised to purchase Macy's Plaza, a mall, hotel and office complex in downtown Los Angeles.

via Los Angeles http://www.globest.com/news/12_501/losangeles/hotels/Ratkovich-to-Acquire-Macys-Plaza-in-Downtown-Los-Angeles-327663.html

Chinatrust Bank Set to Relocate HQ to 801 Tower

LOS ANGELES-Taiwan-based Chinatrust Bank is moving its headquarters from Torrance to 801 Tower in Los Angeles.

via Los Angeles http://www.globest.com/news/12_501/losangeles/office/Chinatrust-Bank-Set-to-Relocate-HQ-to-801-Tower-327658.html

CBRE Global Investors Closes $1B Fund

LOS ANGELES-The value-added fund has equity commitments from nearly 22 institutional investors in the US and Europe and has exceeded its target.

via Los Angeles http://www.globest.com/news/12_501/losangeles/finance/CBRE-Global-Investors-Closes-1B-Fund-327595.html

DTZ Rallies Forces for Americas Strategy

LOS ANGELES-Now officially established as a US-based provider, the firm is ready to roll out its push to increase its global footprint, with Canada, the US and Latin America in its sites.

via Los Angeles http://www.globest.com/news/12_500/losangeles/office/DTZ-Rallies-Forces-for-Americas-Strategy-327598.html

Loews, MetLife Form JV to Own Hotel

LOS ANGELES-The venture involving 632-room Hollywood Hotel augments the firm's partnership with MetLife, which also owns Loews Atlanta Hotel.

via Los Angeles http://www.globest.com/news/12_500/losangeles/hotel/Loews-MetLife-Form-JV-to-Own-Hotel-327585.html

Gov. of Singapore’s $1.5 Billion Bid for Four U.S. Resorts Holds Up in Bankruptcy Court

Following a cancellation of a bankruptcy-scheduled auction last week, the Government of Singapore Investment Corp., known as GIC, appears headed to be the new owner of four luxury hotel resorts. GIC was deemed the successful bidder with a $1.5 billion offer to acquire the resorts from MSR Resort Golf, which has been operating under Chapter 11 bankruptcy protection since February 2011. An auction had been scheduled to determine whether another buyer...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940?ref=/News/Article/Gov-of-Singapores-$15-Billion-Bid-for-Four-US-Resorts-Holds-Up-in-Bankruptcy-Court/143940&src=rss

Fontana Industrial Bldg Trades for $7.8M

Molto Capital LLC purchased the industrial facility at 13505 Marlay Ave. in Fontana, CA for $7.825 million, or about $70 per square foot, from CH Hu Corporation. The seller, doing business as Organize It All, Inc., a housewares products importer, will lease back the facility for two years. Built in 2005, the property totals 111,419 square feet on 5.5 acres located at the northwest of Marlay Ave. and Mulberry Ave., south of Jurupa Ave. with close...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767?ref=/News/Article/Fontana-Industrial-Bldg-Trades-for-$78M/143767&src=rss

Gunn Returns to Direct Urban Partners

LOS ANGELES-GlobeSt.com learns exclusively that the real estate veteran will be responsible for planning and developing complex mixed-use, public/private and transit-oriented developments in urban locations throughout California.

via Los Angeles http://www.globest.com/news/12_499/losangeles/development/Gunn-Returns-to-Direct-Urban-Partners-327549.html

Office and Industrial Recovery Expands

LOS ANGELES-More parts of Los Angeles and Orange counties and the Inland Empire are experiencing growth and recovery in these sectors, according to a USC Casden report.

via Los Angeles http://www.globest.com/news/12_499/losangeles/office/Office-and-Industrial-Recovery-Expands-327550.html

Hendrickson Joins Studley as Exec. Managing Director

LOS ANGELES-The former platform leader for CBRE's global corporate services business will lead Studley's strategic portfolio solutions group in L.A.

via Los Angeles http://www.globest.com/news/12_498/losangeles/office/Hendrickson-Joins-Studley-as-Exec-Managing-Director-327553.html

Simon Property To Transform 2.3M-SF Fashion Center

TORRANCE, CA-The redevelopment, which will begin in the Spring, will add Nordstrom to the tenant mix, and will start by replacing the existing food court, and renovating the interior of a portion of the north mall.

via Los Angeles http://www.globest.com/news/12_498/losangeles/retail/Simon-Property-To-Transform-23M-SF-Fashion-Center-327548.html

Accelerate Sales, Consider 1031 Exchanges Before 2013

LOS ANGELES-Closing deals and setting up 1031 deferred exchanges are smart moves to avoid paying inevitable increased capital-gains taxes, says one commercial real estate attorney.

via Los Angeles http://www.globest.com/news/12_498/losangeles/accounting/Accelerate-Sales-Consider-1031-Exchanges-Before-2013-327528.html

GSP Arranges Financing for 3rd St. Promenade Asset

LOS ANGELES-GlobeSt.com learns exclusively that the 7,500-square-foot property currently houses the first West Coast Converse retail store.

via Los Angeles http://www.globest.com/news/12_497/losangeles/finance/-327509.html

Partnership Develops Affordable Housing at YMCA

LOS ANGELES-The $21-million, 49-unit community will serve low-income adults and youths transitioning from homelessness to independent living, including those living with mental illness.

via Los Angeles http://www.globest.com/news/12_497/losangeles/multifamily/-327510.html

CoStar's People of Note (Dec. 2-8)

This week's People of Note includes the following markets: Denver, Hampton Roads, National, Milwaukee/Madison and Richmond. DENVER Avison Young Opens Office in Denver By CoStar Research Toronto-based Avison Young continued its U.S. expansion with the opening of an office in Denver, CO, its 21st market outside of Canada. The new AY office will be staffed by former members of two Denver-based firms: iCG Denver LLC, known as iCORE Global, and...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/CoStars-People-of-Note-Dec-2-8/143826?ref=/News/Article/CoStars-People-of-Note-Dec-2-8/143826&src=rss

Grandbridge Expanding CRE Lending Biz Into So. Cal Markets

Grandbridge Real Estate Capital, a wholly-owned subsidiary of North Carolina-based bank BB&T Corp., wrapped up its acquisition of Dwyer-Curlett & Co. to expand its commercial real estate finance business into southern California. Grandbridge Senior Vice Presidents Shelley Magoffin and Thomas Kenny will serve as regional managers for the Los Angeles, Orange County and San Diego offices, which have a combined total of 20 loan originators as well...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685?ref=/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685&src=rss

NorthMarq Arranges $10M Financing

Strata Equity Group, Inc. secured a $10,312,000 mortgage for the acquisition of the High Desert Villas, a senior-living community complex at 16850 Jasmine St. in Victorville, CA. Daniel McCarthy of NorthMarq's Los Angeles office arranged the financing through Freddie Mac. The loan was based on a 10-year term and a 30-year amortization schedule after a two-year, interest-only period. Built in 1990, the multifamily property totals 123,267 square...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/NorthMarq-Arranges-$10M-Financing/143590?ref=/News/Article/NorthMarq-Arranges-$10M-Financing/143590&src=rss

High Desert Villas Nets $14M

Strata Equity Group, Inc. purchased High Desert Villas, a senior-living multifamily complex at 16850 Jasmine St. in Victorville, CA from CDC Realty Fund for $13.75 million, or about $59,000 per unit. Built in 1990, the apartments total 123,267 square feet on 9.7 acres located at the northwest corner of Jasmine St. and 1st Ave., just west of Hesperia Road. High Desert Villas consists of 196 one-bed, one-bath and 36 two-bed, one-bath units. Alex...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/High-Desert-Villas-Nets-$14M/143588?ref=/News/Article/High-Desert-Villas-Nets-$14M/143588&src=rss

TA Associates Realty Sells Perris Industrial for $2M

Acumen Electronics purchased the industrial building at 460 Harley Knox Blvd. in Perris, CA for $2,016,855, or about $53 per square foot, from TA Associates Realty. The Corona-based buyer is a manufacturer and supplier of transformers, doing business as Triad Magnetics, Inc. Built in 2007, the property totals 38,018 square feet on 1.9 acres. It is part of the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051?ref=/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051&src=rss

CoStar's People of Note (Nov. 18-Dec. 1)

This week's People of Note includes the following markets: Atlanta, Chicago, Dallas, National, New York City and Philadelphia. NATIONAL Jones Lang LaSalle Names Martin CEO for Americas By Tim Trainor Peter Roberts, Jones Lang LaSalle's chief executive officer for the Americas, will assume a new role as chief strategy officer. He will be succeeded by the firm's current chief operating and financial officer, Lauralee Martin (pictu



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649?ref=/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649&src=rss

CoStar's People of Note (Dec. 2-8)

This week's People of Note includes the following markets: Denver Hampton Roads, National, Milwaukee/Madison and Richmond. DENVER Avison Young Opens Office in Denver By CoStar Research Toronto-based Avison Young continued its U.S. expansion with the opening of an office in Denver, CO, its 21st market outside of Canada. The new AY office will be staffed by former members of two Denver-based firms: iCG Denver LLC, known as iCORE Global, and...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Dec-2-8/143826?ref=/News/Article/CoStars-People-of-Note-Dec-2-8/143826&src=rss

Union Station Master Plan Process Goes Public

LOS ANGELES-Metro holds a public meeting to discuss the planning process and receive stakeholder feedback on the plan's broader visions and goals.

via Los Angeles http://www.globest.com/news/12_496/losangeles/infrastructure/-327468.html

LAX Terminal to Launch 60 Retail Shops

LOS ANGELES-Westfield and its tenant partners are investing $80 million to develop the new dining and retail program at the New Tom Bradley International Terminal.

via Los Angeles http://www.globest.com/news/12_496/losangeles/retail/-327466.html

Grandbridge Expanding CRE Lending Biz Into So. Cal Markets

Grandbridge Real Estate Capital, a wholly-owned subsidiary of North Carolina-based bank BB&T Corp., wrapped up its acquisition of Dwyer-Curlett & Co. to expand its commercial real estate finance business into southern California. Grandbridge Senior Vice Presidents Shelley Magoffin and Thomas Kenny will serve as regional managers for the Los Angeles, Orange County and San Diego offices, which have a combined total of 20 loan originators as well...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685?ref=/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685&src=rss

Appeal Keeps Building for Still Unproven Investment In Rental Housing Market - CoStar Group

Appeal Keeps Building for Still Unproven Investment In Rental Housing Market

Whether Fad or Fundamental, Major Firms such as Blackstone, Colony Financial Continue to Embrace Single-Family Rental Market

By Mark Heschmeyer

December 5, 2012

If a fad, then the investment activity over the past few weeks could be the zenith of the trend. If part of a long-term housing recovery play, then the recent developments may well represent an inflection point as several new domestic and international institutional players have placed big bets on the market, including Blackstone and Colony Financial, which have stepped up their earlier efforts to expand their single-family holdings. 

Blackstone formally launched its Invitation Homes last month as its national single-family rental platform. 

“The single-family rental market has always existed with 12 million homes for rent but there never has been a national, institutionally-managed, single-family rental platform,” Blackstone said in announcing the launch. “In addition, household formation and population growth in the U.S. are solid but new housing supply is 63% below the historical average, creating a compelling opportunity to invest.” 

This week, Colony Financial commenced a secondary stock offering to raise up to $195 million. Colony said that intends to use $150 million of the money raised to to make an additional investment in CSFR Operating Partnership LP, its investment vehicle created for the purpose of investing in single-family rental homes. 

Also, this past week, Two Harbors Investment Corp. entered into an agreement with Silver Bay Realty Trust Corp. as part of Silver Bay's plan to acquire a portfolio of more than 3,100 single-family residential properties simultaneously with the closing of its initial public offering. 

And North Carolina-based U.S. Residential Asset Fund launched its unique program in the REO-to-rental market promoting its rent-to-own program. 

The market opportunity has also attracted a number of international investors, including Sydney, Australia-based U.S. Masters Residential Property Fund, which is seeking to raise up to $80 million in additional funding to continue its aggressive purchase of New York metro area homes. 

Examples of the recent entry of significant private equity players focused on bulk purchases of foreclosed homes in 2012 include: 

- Blackstone: 6,500 homes in AZ, SoCal; 
- Waypoint: 2,400 homes in CA, AZ; 
- Colony Financial: 3,600 homes in CA, AZ, NV, TX, GA, CO; and 
- KKR: 200 homes in AZ, NV. 

Appeal Keeps Building for Still Unproven Investment In Rental Housing Market - CoStar Group

400,000-SF Galleria Tower Goes to KBS

HOUSTON-The California investor snags 1800 West Loop South, which hit the market in September, offering good upside potential.

via Los Angeles http://www.globest.com/news/12_495/houston/office/400000-SF-Galleria-Tower-Goes-to-KBS-327460.html

Decline In Availability of US Industrial Space To Continue

LOS ANGELES-Modest economic growth and increased global trade through the US will help sustain demand improvements for warehouse and distribution space, CBRE Group Inc. tells GlobeSt.com.

via Los Angeles http://www.globest.com/news/12_495/losangeles/industrial/Decline-In-Availability-of-US-Industrial-Space-To-Continue-327442.html

UCLA Forecast Shows Growth, Housing Leads Way

LOS ANGELES-For California, UCLA Anderson Forecast senior economist Jerry Nickelsburg, says Proposition 30 creates some risk, but the State's outlook still shows a growth rate that exceeds the nation's rate.

via Los Angeles http://www.globest.com/news/12_494/losangeles/multifamily/UCLA-Forecast-Shows-Growth-Housing-Leads-Way-327441.html

Vestar Promotes, Looks to Acquire $750M in Retail

LOS ANGELES-The firm promotes Jeff Axtell to VP of acquisitions and development and says the firm is looking at acquiring value-added open air shopping centers on the West Coast over the next couple years.

via Los Angeles http://www.globest.com/news/12_494/losangeles/retail/Vestar-Promotes-Looks-to-Acquire-750M-in-Retail-327392.html

Bernards Restores, Rebuilds Iconic Hotel

SANTA BARBARA, CA-The commercial builder is implementing the $46-million project on El Encanto, a five-star Santa Barbara resort hotel, owned and operated by Orient-Express Hotels Ltd.

via Los Angeles http://www.globest.com/news/12_493/losangeles/hotel/Bernards-Restores-Rebuilds-Iconic-Hotel-327339.html

Grandbridge Expanding CRE Lending Biz Into So. Cal Markets

Grandbridge Real Estate Capital, a wholly-owned subsidiary of North Carolina-based bank BB&T Corp., wrapped up its acquisition of Dwyer-Curlett & Co. to expand its commercial real estate finance business into southern California. Grandbridge Senior Vice Presidents Shelley Magoffin and Thomas Kenny will serve as regional managers for the Los Angeles, Orange County and San Diego offices, which have a combined total of 20 loan originators as well...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685?ref=/News/Article/Grandbridge-Expanding-CRE-Lending-Biz-Into-So-Cal-Markets/143685&src=rss

Sulentic Named CBRE CEO

LOS ANGELES-It's official. Sulentic has assumed the title of CEO, taking over for Brett White, who retired last month.

via Los Angeles http://www.globest.com/news/12_492/losangeles/office/Sulentic-Named-CBRE-CEO-327334.html

Sulentic Named CBRE President and CEO

LOS ANGELES-Sulentic will take over for Brett White, who retired last month.

via Los Angeles http://www.globest.com/news/12_492/losangeles/office/Sulentic-Named-CBRE-President-and-CEO-327334.html

CoStar's People of Note (Nov. 18-Dec. 1)

This week's People of Note includes the following markets: Atlanta, Chicago, Dallas, National, New York City and Philadelphia. NATIONAL Jones Lang LaSalle Names Martin CEO for Americas By Tim Trainor Peter Roberts, Jones Lang LaSalle's chief executive officer for the Americas, will assume a new role as chief strategy officer. He will be succeeded by the firm's current chief operating and financial officer, Lauralee Martin (pictu



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649?ref=/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649&src=rss

NorthMarq Arranges $10M Financing

Strata Equity Group, Inc. secured a $10,312,000 mortgage for the acquisition of the High Desert Villas, a senior-living community complex at 16850 Jasmine St. in Victorville, CA. Daniel McCarthy of NorthMarq's Los Angeles office arranged the financing through Freddie Mac. The loan was based on a 10-year term and a 30-year amortization schedule after a two-year, interest-only period. Built in 1990, the multifamily property totals 123,267 square...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/NorthMarq-Arranges-$10M-Financing/143590?ref=/News/Article/NorthMarq-Arranges-$10M-Financing/143590&src=rss

Watch List: Delinquent Sears, Kmart, JCPenney Retail Properties

In this week’s Watch List, CoStar examined CMBS loans for properties in which two of the largest three tenants were either a Sears, Kmart or JCPenney anchor. All three retailers have Fitch Ratings of either B or CCC with negative outlooks. We identified 91 CMBS loans securitized before 2010 that were backed by such properties. The loans are delinquent or were not paid off at maturity on 22 of the 91 properties backing the loans, or 24%. Share...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610?ref=/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610&src=rss

Aldo Cuts Deal for 47 Bakers Footwear Stores

A buyer has emerged for several of the leasehold interests in Bakers Footwear Group Inc., which is going through a formal Chapter 11 reorganization process following a string of quarterly losses and recent lower than planned sales. Share this story with your followers Tweet The St. Louis, MO-based company operates 215 stores nationwide and employs 459 full-time employees and 3,463 part-time employees. Bakers Footwear incurred net losses...



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High Desert Villas Nets $14M

Strata Equity Group, Inc. purchased High Desert Villas, a senior-living multifamily complex at 16850 Jasmine St. in Victorville, CA from CDC Realty Fund for $13.75 million, or about $59,000 per unit. Built in 1990, the apartments total 123,267 square feet on 9.7 acres located at the northwest corner of Jasmine St. and 1st Ave., just west of Hesperia Road. High Desert Villas consists of 196 one-bed, one-bath and 36 two-bed, one-bath units. Alex...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/High-Desert-Villas-Nets-$14M/143588?ref=/News/Article/High-Desert-Villas-Nets-$14M/143588&src=rss

TA Associates Realty Sells Perris Industrial for $2M

Acumen Electronics purchased the industrial building at 460 Harley Knox Blvd. in Perris, CA for $2,016,855, or about $53 per square foot, from TA Associates Realty. The Corona-based buyer is a manufacturer and supplier of transformers, doing business as Triad Magnetics, Inc. Built in 2007, the property totals 38,018 square feet on 1.9 acres. It is part of the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051?ref=/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051&src=rss

CoStar's People of Note (Nov. 18-Dec. 1)

This week's People of Note includes the following markets: Atlanta, National and Philadelphia. NATIONAL Jones Lang LaSalle Names Martin CEO for Americas By Tim Trainor Peter Roberts, Jones Lang LaSalle's chief executive officer for the Americas, will assume a new role as chief strategy officer. He will be succeeded by the firm's current chief operating and financial officer, Lauralee Martin (pictured). Roberts has served as



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649?ref=/News/Article/CoStars-People-of-Note-Nov-18-Dec-1/143649&src=rss

Berkeley Center Sells for $20M

BERKELEY, CA-Newmark Grubb Knight Frank facilitates the sale and financing of the retail and office center to Hill Street Realty LLC.

via Los Angeles http://www.globest.com/news/12_491/losangeles/acquisitions_dispositions/-327259.html

Brian McAuliffe Rejoins CBRE

LOS ANGELES-McAuliffe will lead the firm's multi-housing investment-sales practice as senior managing director.

via Los Angeles http://www.globest.com/news/12_491/losangeles/multifamily/-327258.html

NorthMarq Arranges $10M Financing

Strata Equity Group, Inc. secured a $10,312,000 mortgage for the acquisition of the High Desert Villas, a senior-living community complex at 16850 Jasmine St. in Victorville, CA. Daniel McCarthy of NorthMarq's Los Angeles office arranged the financing through Freddie Mac. The loan was based on a 10-year term and a 30-year amortization schedule after a two-year, interest-only period. Built in 1990, the multifamily property totals 123,267 square...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/NorthMarq-Arranges-$10M-Financing/143590?ref=/News/Article/NorthMarq-Arranges-$10M-Financing/143590&src=rss

Watch List: Delinquent Sears, Kmart, JCPenney Retail Properties

In this week’s Watch List, CoStar examined CMBS loans for properties in which two of the largest three tenants were either a Sears, Kmart or JCPenney anchor. All three retailers have Fitch Ratings of either B or CCC with negative outlooks. We identified 91 CMBS loans securitized before 2010 that were backed by such properties. The loans are delinquent or were not paid off at maturity on 22 of the 91 properties backing the loans, or 24%. Share...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610?ref=/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610&src=rss

Aldo Cuts Deal for 47 Bakers Footwear Stores

A buyer has emerged for several of the leasehold interests in Bakers Footwear Group Inc., which is going through a formal Chapter 11 reorganization process following a string of quarterly losses and recent lower than planned sales. Share this story with your followers Tweet The St. Louis, MO-based company operates 215 stores nationwide and employs 459 full-time employees and 3,463 part-time employees. Bakers Footwear incurred net losses...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Aldo-Cuts-Deal-for-47-Bakers-Footwear-Stores/143616?ref=/News/Article/Aldo-Cuts-Deal-for-47-Bakers-Footwear-Stores/143616&src=rss

Raintree Partners Acquires $60M Multifamily Community

VENTURA, CA-The firm was attracted to Archstone's Ventura Colony because of its location-it is within walking distance of high-end retail, a block from the entrance to the 101 Freeway.

via Los Angeles http://www.globest.com/news/12_489/losangeles/multifamily/Raintree-Partners-Acquires-60M-Multifamily-Community-327211.html

High Desert Villas Nets $14M

Strata Equity Group, Inc. purchased High Desert Villas, a senior-living multifamily complex at 16850 Jasmine St. in Victorville, CA from CDC Realty Fund for $13.75 million, or about $59,000 per unit. Built in 1990, the apartments total 123,267 square feet on 9.7 acres located at the northwest corner of Jasmine St. and 1st Ave., just west of Hesperia Road. High Desert Villas consists of 196 one-bed, one-bath and 36 two-bed, one-bath units. Alex...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/High-Desert-Villas-Nets-$14M/143588?ref=/News/Article/High-Desert-Villas-Nets-$14M/143588&src=rss

Law Firms in Driver's Seat in Renter's Market

LOS ANGELES-With the office sector still sluggish, Los Angeles is being dubbed one of the top markets for law firms in the country.

via Los Angeles http://www.globest.com/news/12_489/losangeles/office/-327168.html

NewMark Merrill Adds Property Management Assignments

WOODLAND HILLS, CA-The shopping center contracts total 415,726 square feet and include properties in Santa Monica, West Los Angeles, Culver City, Hacienda Heights, and Northridge, California.

via Los Angeles http://www.globest.com/news/12_489/losangeles/retail/NewMark-Merrill-Adds-Property-Management-Assignments-327142.html

Gateway Tower Adds Tenants After Renovation

BEVERLY HILLS, CA-GlobeSt.com learns exclusively that 9777 Wilshire is fully occupied by financial tenants including TD Ameritrade, Chase Bank and Manufacturers Bank.

via Los Angeles http://www.globest.com/news/12_489/losangeles/development/-327144.html

California Bullish on Housing Despite Deficit, Obstacles

LOS ANGELES-Although recession ravaged the state, speakers at a recent Milken Institute Summit say its real estate industry is growing again, particularly in the housing sector.

via Los Angeles http://www.globest.com/news/12_488/losangeles/residential/-327121.html

JLL Gets Mihalka as New SVP in L.A. Office

LOS ANGELES-Nicole Mihalka will specialize in advising tenants, landlords and investors in the creative office and entertainment sectors in Hollywood and throughout Los Angeles County.

via Los Angeles http://www.globest.com/news/12_488/losangeles/office/JLL-Gets-Mihalka-as-New-SVP-in-LA-Office-327127.html

TA Associates Realty Sells Perris Industrial for $2M

Acumen Electronics purchased the industrial building at 460 Harley Knox Blvd. in Perris, CA for $2,016,855, or about $53 per square foot, from TA Associates Realty. The Corona-based buyer is a manufacturer and supplier of transformers, doing business as Triad Magnetics, Inc. Built in 2007, the property totals 38,018 square feet on 1.9 acres. It is part of the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051?ref=/News/Article/TA-Associates-Realty-Sells-Perris-Industrial-for-$2M/143051&src=rss

Industrial Asset Fetches $16M for Prism JV

CITY OF INDUSTRY, CA-The 216,048-square-foot rehabilitated and renovated building here is sold to an ethnic food wholesaler and distributor.

via Los Angeles http://www.globest.com/news/12_487/losangeles/industrial/-327119.html

Koyo Purchases Perris Industrial Bldg for $2.4M

Boston-based TA Associates Realty has sold the 46,993-square-foot industrial property located at 440 Harley Knox Blvd. in Perris, CA to Koyo Cooling Systems, Inc. for $2,406,042, or about $51 per square foot. The buyer, an industry-leading, Japan-based manufacturer of radiators, will occupy the building. Built in 2007, the property sits on 1.98 acres in the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050?ref=/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050&src=rss

CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class. Share this story with your followers Tweet The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both the total fund policy benchmark as well as its own custom policy benchmark (2...



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USC Takes Home NAIOP's Challenge This Year

LOS ANGELES-USC team's winning presentation, which beat out UCLA, focused on development of Olympic Commons, a community-oriented and interactive town center, as its solution to the 2012 challenge.

via Los Angeles http://www.globest.com/news/12_487/losangeles/development/USC-Takes-Home-NAIOPs-Challenge-This-Year-327091.html

EVOQ Gains $55M from Non-Core Asset Dispositions

LOS ANGELES-The firm sells nine properties throughout Southern California this year to reinvest in DTLA value-add assets.

via Los Angeles http://www.globest.com/news/12_485/losangeles/accounting/-327037.html

CBRE Acquires London Agency

LOS ANGELES-Independent real estate firm EA Shaw becomes part of CBRE Group Inc.'s Central London business.

via Los Angeles http://www.globest.com/news/12_484/losangeles/acquisitions_dispositions/-327036.html

Kennedy-Wilson Pays $48M for North Hollywood Office Building

LOS ANGELES-Kennedy-Wilson Holdings Inc. has bought Academy Tower, a 175,012-square-foot office complex in North Hollywood.

via Los Angeles http://www.globest.com/news/12_484/losangeles/office/Kennedy-Wilson-Pays-48M-for-North-Hollywood-Office-Building-327020.html

EVOQ Properties Sells Two Los Angeles Industrial Buildings

LOS ANGELES-EVOQ Properties Inc., formerly known as Meruelo Maddux Properties, Inc., has sold two industrial facilities in Los Angeles.

via Los Angeles http://www.globest.com/news/12_484/losangeles/industrial/EVOQ-Properties-Sells-Two-Los-Angeles-Industrial-Buildings-327019.html

DCT Industrial Trust Acquires 563,000-SF Portfolio

LOS ANGELES-DCT Industrial Trust Inc., a Denver-based REIT, has completed the purchase of a four-building industrial portfolio totaling 563,000 square feet in Los Angeles and Chicago.

via Los Angeles http://www.globest.com/news/12_484/losangeles/industrial/DCT-Industrial-Trust-Acquires-563000-SF-Portfolio-327012.html

CIM, Open Realty Buy 130,000-SF Portfolio

DALLAS-The partners pay Andres Properties $50 million for 28 buildings containing retail, restaurant and commercial space along the Henderson Avenue corridor.

via Los Angeles http://www.globest.com/news/12_484/dallas/acquisitions_dispositions/CIM-Open-Realty-Buy-130000-SF-Portfolio-327001.html

Aimco Breaks Ground on $140M Apt. Rehab

VENICE, CA-The redeveloped Lincoln Place is slated to bring up to 800 jobs, economic development and premier apartment living to this area of Los Angeles.

via Los Angeles http://www.globest.com/news/12_484/losangeles/multifamily/-326993.html

User Activity, Growth Potential Drive 300-Acre Sale

AUSTIN-Karlin Real Estate's Matthew Schwab tells GlobeSt.com that user interest in Karlin-owned area properties was the catalyst for its recent land buy.

via Los Angeles http://www.globest.com/news/12_483/austin/acquisitions_dispositions/User-Activity-Growth-Potential-Drive-300-Acre-Sale-326985.html

Coastal Cities Lead Self-Storage Recovery

CALABASAS, CA-Bidding will remain competitive for any new class A listing, which will prompt most investors to pay cash to stave off the competition, says Marcus & Millichap's Michael Hoffman.

via Los Angeles http://www.globest.com/news/12_483/losangeles/self_storage/Coastal-Cities-Lead-Self-Storage-Recovery-326973.html

Academy Tower Sells for $48M

NORTH HOLLYWOOD, CA-Kennedy Wilson purchases the property at 5200 Lankershim Blvd., which is 97% leased.

via Los Angeles http://www.globest.com/news/12_483/losangeles/office/-326974.html

CoStar's People of Note (Nov. 11-17)

This week's People of Note includes the following markets: Austin, Detroit, New York City, Oklahoma City and Tulsa. DETROIT Hayman Co. Names New EVP By Miles Reliford The Hayman Co. based in Troy, MI, appointed Thomas T. Schoenberger as its new executive vice president effective this month. Schoenberger's new capacity at Hayman will involve providing leadership and supervision for the brokerage and property management units to continue...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Nov-11-17/143395?ref=/News/Article/CoStars-People-of-Note-Nov-11-17/143395&src=rss

Koyo Purchases Perris Industrial Bldg for $2.4M

Boston-based TA Associates Realty has sold the 46,993-square-foot industrial property located at 440 Harley Knox Blvd. in Perris, CA to Koyo Cooling Systems, Inc. for $2,406,042, or about $51 per square foot. The buyer, an industry-leading, Japan-based manufacturer of radiators, will occupy the building. Built in 2007, the property sits on 1.98 acres in the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050?ref=/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050&src=rss

CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class. Share this story with your followers Tweet The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both the total fund policy benchmark as well as its own custom policy benchmark (2...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324?ref=/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324&src=rss

Sonnenblick-Eichner Arranges $112M for Hotel Portfolio

BEVERLY HILLS, CA-The non-recourse, first mortgage and mezzanine financing will be for the Cooper Hotel portfolio, an 11-property hotel portfolio totaling 2,130 rooms.

via Los Angeles http://www.globest.com/news/12_482/losangeles/hotel/Sonnenblick-Eichner-Arranges-112M-for-Hotel-Portfolio-326969.html

CoStar's People of Note (Nov. 11-17)

This week's People of Note includes the following markets: Austin, Detroit, New York City, Oklahoma City and Tulsa. DETROIT Hayman Co. Names New EVP By Miles Reliford The Hayman Co. based in Troy, MI, appointed Thomas T. Schoenberger as its new executive vice president effective this month. Schoenberger's new capacity at Hayman will involve providing leadership and supervision for the brokerage and property management units to continue...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Nov-11-17/143395?ref=/News/Article/CoStars-People-of-Note-Nov-11-17/143395&src=rss

General Growth: Slow and Steady Strategy

CHICAGO-Two years after emerging from Chapter 11, the mall owner presents its ambitious $1.6 billion renovation plan and a $1.2 billion loan restructure.

via Los Angeles http://www.globest.com/news/12_482/chicago/retail/General-Growth-Slow-and-Steady-Strategy-326934.html

Office Values, Rents Remain Flat in Q3

LOS ANGELES-Global office real estate values and rents are largely unchanged in Q3 from the previous quarter, according to CBRE Group Inc.

via Los Angeles http://www.globest.com/news/12_482/losangeles/office/-326901.html

Phase I ESAs Rise 6% Year Over Year

TORRANCE, CA-The volume of Phase I Environmental Site Assessments increases in third-quarter 2012, marking three consecutive quarters of growth for this key barometer of the CRE market.

via Los Angeles http://www.globest.com/news/12_482/losangeles/engineering/-326902.html

Wells Fargo, HKS, Riverside Win REmmy Awards

LOS ANGELES-The Southern California Chapter of CoreNet Global recently held its annual REmmy Awards and Charity Gala, recognizing the best in corporate real estate. Nearly 300 professionals were in attendance.

via Los Angeles http://www.globest.com/news/12_481/losangeles/office/Wells-Fargo-HKS-Riverside-Win-REmmy-Awards-326904.html

Urban Partners Adds Executive, Anticipates Growth

LOS ANGELES-Locally-based Urban Partners LLC and Harbor Urban LLC hires David Walker to assist in securing funding for projects, and help grow our portfolio, potentially into additional asset classes.

via Los Angeles http://www.globest.com/news/12_481/losangeles/multifamily/Urban-Partners-Adds-Executive-Anticipates-Growth-326885.html

Koyo Purchases Perris Industrial Bldg for $2.4M

Boston-based TA Associates Realty has sold the 46,993-square-foot industrial property located at 440 Harley Knox Blvd. in Perris, CA to Koyo Cooling Systems, Inc. for $2,406,042, or about $51 per square foot. The buyer, an industry-leading, Japan-based manufacturer of radiators, will occupy the building. Built in 2007, the property sits on 1.98 acres in the three-building Oleander Industrial Park located at the northeast corner of Harley Knox...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050?ref=/News/Article/Koyo-Purchases-Perris-Industrial-Bldg-for-$24M/143050&src=rss

CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class. The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both the total fund policy benchmark as well as its own custom policy benchmark (2.2%). Most of this performance was driven by the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324?ref=/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324&src=rss

Developing 'New' SoCal Retail Stores

LOS ANGELES-In talking about the assignment to handle project management for the Time Warner Cable's new retail stores, JLL talks about the shift in generational expectations about what a retail experience is supposed to be.

via Los Angeles http://www.globest.com/news/12_480/losangeles/retail/Developing-New-SoCal-Retail-Stores-326823.html

Beachfront Portfolio Lists for $25M

VENICE, CA-GlobeSt.com learns exclusively that an unnamed seller has listed a four-property portfolio here, adding to the spate of activity in the Venice region.

via Los Angeles http://www.globest.com/news/12_480/losangeles/acquisitions_dispositions/Beachfront-Portfolio-Lists-for-25M-326820.html

RPAI Sells Three Value-Add Properties in Texas

OAKBROOK, IL-Retail Properties of American sells the 60,000-SF South Towne Crossing; the 30,000-SF Lake Forest Crossing and the 43,000-SF McDermott Towne Crossing to Westwood Financial.

via Los Angeles http://www.globest.com/news/12_479/chicago/acquisitions_dispositions/RPAI-Sells-Three-Value-Add-Properties-in-Texas-326816.html

Echo Boomers Important Multifamily Driver

BEVERLY HILLS, CA-As Echo Boomers transition into the workforce, they are seeking contemporary product in A+ locations, according to Meyers Research.

via Los Angeles http://www.globest.com/news/12_479/losangeles/multifamily/-326802.html

RPAI Sells Three Texas Value-Add Properties

OAKBROOK, IL-Continuing its non-core disposition strategy, Retail Properties of America sells the 60,000-SF South Towne Crossing; the 30,000-SF Lake Forest Crossing and the 43,000-SF McDermott Crossing to Westwood Financial.

via Los Angeles http://www.globest.com/news/12_473/chicago/retail/RPAI-Sells-Three-Texas-Value-Add-Properties-326798.html

Three-Acre Site Buy Paves Wave for $250M Build

BEVERLY HILLS, CA-Astani Enterprises founder Sonny Astani says 'it is a good time to be an L.A. developer,' as he closes on a $29-million purchase that will soon become 640 apartment units.

via Los Angeles http://www.globest.com/news/12_478/losangeles/multifamily/Three-Acre-Site-Buy-Paves-Wave-for-250M-Build-326797.html

Litek Acquires Chino Industrial For $2.7M

A private investor sold the 33,180-square-foot industrial property at 13970 Benson Ave. in Chino, CA to Litek Composites Corp. for approximately $2.72 million, or $82 per square foot. The China-based buyer is a manufacturer and supplier of high quality fiber-reinforced plastic (FRP) pipes and fittings. Built in 2005, the property sits on 1.44 acres located at the southwest of Benson Ave. and Daniels St. in the heart of Chino. Jason Chao...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049?ref=/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049&src=rss

CoStar's People of Note (Nov. 4-10)

This week's People of Note includes the following markets: Boston, Indianapolis, Minneapolis and Seattle. BOSTON Sidor Joins Cassidy Turley’s Boston Office By Bill Jenkins Carolyn J. Sidor joined Cassidy Turley as the new senior managing director of market development. Sidor will head brokerage operations and the firm’s practice groups which involve data center solutions, health care, law firms, hospitality, food and beverage facil



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Nov-4-10/143136?ref=/News/Article/CoStars-People-of-Note-Nov-4-10/143136&src=rss

Inland Empire's Select Top Office Leases for Q3 2012

The following is an account of the Inland Empire market's select top four office lease transactions for the third quarter of 2012. The GSA leased 39,024 square feet at 995 E. Hardt St. in the East San Bernardino submarket. Jones Lang LaSalle Americas, Inc. represented the tenant, while CBC Lazar & Assoc. represented the landlord. Epic Management LP leased 35,717 square feet at Orange Plaza in the East San Bernardino submarket. Lee & Associates...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122?ref=/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122&src=rss

Colony Capital Buys 970 REO Homes

Colony Capital LLC has purchased 970 single-family REO properties in California, Arizona and Nevada as part of the Federal Housing Finance Agency (FHFA) pilot efforts to dispose of Fannie Mae's first Real Estate Owned (REO) properties. Colony purchased shares of eight sub-portfolios of residential real estate owned (REO) properties, including tenant-occupied units and vacant single family residential properties. Fannie Mae has retained an interest...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Colony-Capital-Buys-970-REO-Homes/143066?ref=/News/Article/Colony-Capital-Buys-970-REO-Homes/143066&src=rss

Sequoia Real Estate Launches Second Single-Family PE Fund

Sequoia Real Estate Partners launched Pacific Value Opportunities Fund II, which will acquire, renovate, manage and dispose of single-family houses and apartment communities in California. Share this story with your followers Tweet PVOF II will target residential properties of one to four units that are underpriced and/or capable of being renovated or otherwise improved to substantially increase value, resulting in higher disposition prices...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068?ref=/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068&src=rss

Dunkel Bros Pay $1.3M for Corona Industrial

Dunkel Bros. Machinery Moving, Inc. purchased the industrial facility at 1000 El Sobrante Rd. in Corona, CA for $1,315,000, or about $73 per square foot, from Community Bank in an REO sale. This 18,000-square-foot showroom is located at Circle City Dr. on 1.3 acres in Riverside County. Escrow on the investment sale closed in 60 days. Jeff Bischofberger with Lee & Associates represented the buyer. Please see CoStar COMPS #2537118 for additional...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748?ref=/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748&src=rss

Hudson Pacific JV Gains $342M Office Property

BURBANK, CA-The Pinnacle, a two-building, 625,640-square-foot asset, is 95% leased to high-quality media and entertainment companies.

via Los Angeles http://www.globest.com/news/12_478/losangeles/acquisitions_dispositions/-326779.html

Litek Acquires Chino Industrial For $2.7M

A private investor sold the 33,180-square-foot industrial property at 13970 Benson Ave. in Chino, CA to Litek Composites Corp. for approximately $2.72 million, or $82 per square foot. The China-based buyer is a manufacturer and supplier of high quality fiber-reinforced plastic (FRP) pipes and fittings. Built in 2005, the property sits on 1.44 acres located at the southwest of Benson Ave. and Daniels St. in the heart of Chino. Jason Chao...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049?ref=/News/Article/Litek-Acquires-Chino-Industrial-For-$27M/143049&src=rss

CoStar's People of Note (Nov. 4-10)

This week's People of Note includes the following markets: Boston, Indianapolis, Minneapolis and Seattle. BOSTON Sidor Joins Cassidy Turley’s Boston Office By Bill Jenkins Carolyn J. Sidor joined Cassidy Turley as the new senior managing director of market development. Sidor will head brokerage operations and the firm’s practice groups which involve data center solutions, health care, law firms, hospitality, food and beverage facil



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Nov-4-10/143136?ref=/News/Article/CoStars-People-of-Note-Nov-4-10/143136&src=rss

$50M Multifamily Tops Out

NORTH HOLLYWOOD, CA-Ferrara, a 308-unit apartment community, is being developed by Alliance Residential Co.

via Los Angeles http://www.globest.com/news/12_477/losangeles/multifamily/-326728.html

Inland Empire's Select Top Office Leases for Q3 2012

The following is an account of the Inland Empire market's select top four office lease transactions for the third quarter of 2012. The GSA leased 39,024 square feet at 995 E. Hardt St. in the East San Bernardino submarket. Jones Lang LaSalle Americas, Inc. represented the tenant, while CBC Lazar & Assoc. represented the landlord. Epic Management LP leased 35,717 square feet at Orange Plaza in the East San Bernardino submarket. Lee & Associates...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122?ref=/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122&src=rss

Colony Capital Buys 970 REO Homes

Colony Capital LLC has purchased 970 single-family REO properties in California, Arizona and Nevada as part of the Federal Housing Finance Agency (FHFA) pilot efforts to dispose of Fannie Mae's first Real Estate Owned (REO) properties. Colony purchased shares of eight sub-portfolios of residential real estate owned (REO) properties, including tenant-occupied units and vacant single family residential properties. Fannie Mae has retained an interest...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Colony-Capital-Buys-970-REO-Homes/143066?ref=/News/Article/Colony-Capital-Buys-970-REO-Homes/143066&src=rss

Sequoia Real Estate Launches Second Single-Family PE Fund

Sequoia Real Estate Partners launched Pacific Value Opportunities Fund II, which will acquire, renovate, manage and dispose of single-family houses and apartment communities in California. Share this story with your followers Tweet PVOF II will target residential properties of one to four units that are underpriced and/or capable of being renovated or otherwise improved to substantially increase value, resulting in higher disposition prices...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068?ref=/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068&src=rss

Dunkel Bros Pay $1.3M for Corona Industrial

Dunkel Bros. Machinery Moving, Inc. purchased the industrial facility at 1000 El Sobrante Rd. in Corona, CA for $1,315,000, or about $73 per square foot, from Community Bank in an REO sale. This 18,000-square-foot showroom is located at Circle City Dr. on 1.3 acres in Riverside County. Escrow on the investment sale closed in 60 days. Jeff Bischofberger with Lee & Associates represented the buyer. Please see CoStar COMPS #2537118 for additional...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748?ref=/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748&src=rss

CoStar's People of Note (Oct. 28-Nov. 3)

This week's People of Note includes the following markets: Boston, Dallas/Fort Worth, Denver, Pittsburgh, San Francisco and St. Louis. BOSTON Capital Markets Team Joins Avison Young in Boston By Laurie Forbes Avison Young expanded its capital markets business in the New England region with the hiring of three industry veterans. The Boston team gained (pictured from left to right) Michael Smith and Scott Jamieson as



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953?ref=/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953&src=rss

Malls and Land Shared the Spotlight in October

It's not often that retail and land news vave upstaged office and multifamily news this year; but our readers last month made CoStar News' two special series on the de-malling of America and the rebound in land sales among the most read stories of 2012. Here is what our readers picked as the Top 10 stories of October. No. 10. Avison Young Finding Success In Plan for Building a National CRE Services Brokerage No. 9. The Great Land Price Swing No...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Malls-and-Land-Shared-the-Spotlight-in-October/142952?ref=/News/Article/Malls-and-Land-Shared-the-Spotlight-in-October/142952&src=rss

One Eleven Town Center Adds Two Anchors

Whole Foods Market and Nordstrom Rack have both signed new leases in the One Eleven Town Center shopping center at Town Center Way and Highway 111 in Palm Desert, CA. The regional power center is located across from Westfield Shoppingtown Palm Desert. The property totals approximately 152,413 square feet and was developed in 1987. Portland-based Harsch Investment Properties will be demolishing the now vacant Best Buy and Banner Mattress buildings...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845?ref=/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845&src=rss

Pacific Trust Renews, Expands Headquarters in Irvine Towers

Pacific Trust Bank expanded its corporate headquarters by an additional 21,000 square feet for a total lease commitment of nearly 63,000 square feet in The Irvine Cos' Irvine Towers office complex at 18500 Von Karman Avenue in Irvine, CA. The bank was represented by David Giglio and Lori Smith in Transwestern's Orange County office. The building owner was represented in-house by The Irvine Co.'s Mike Hodges.



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869?ref=/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.8%

The Inland Empire retail market did not experience much change in market conditions in the third quarter 2012. The vacancy rate went from 8.9% in the previous quarter to 8.8% in the current quarter. Net absorption was positive 233,311 square feet, and vacant sublease space decreased by 88,207 square feet. In second quarter 2012, net absorption was negative 273,001 square feet. Tenants moving into large blocks of space in 2012 include: T...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-88/142801?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-88/142801&src=rss

Inland Empire's Select Top Office Leases for Q3 2012

The following is an account of the Inland Empire market's select top four office lease transactions for the third quarter of 2012. The GSA leased 39,024 square feet at 995 E. Hardt St. in the East San Bernardino submarket. Jones Lang LaSalle Americas, Inc. represented the tenant, while CBC Lazar & Assoc. represented the landlord. Epic Management LP leased 35,717 square feet at Orange Plaza in the East San Bernardino submarket. Lee & Associates...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122?ref=/News/Article/Inland-Empires-Select-Top-Office-Leases-for-Q3-2012/143122&src=rss

Avison Young Picks Moore to Run DTLA Office

LOS ANGELES-The firm brings on Moore as principal in its new downtown office and relocates Chris Cooper from its L.A. West office.

via Los Angeles http://www.globest.com/news/12_476/losangeles/retail/-326700.html

Majority Stake in 1.7M-SF Mall Changes Hands

BROOMFIELD, CO-GI Partners sells its 75% ownership stake in FlatIron Crossing to its JV partner, Macerich, for $196 million in cash plus the assumption of a pro rata share of the debt of $127 million, GlobeSt.com has learned.

via Los Angeles http://www.globest.com/news/12_476/denver/retail/Majority-Stake-in-17M-SF-Mall-Changes-Hands-326696.html

Port of Long Beach Board Approves New HQ Move

LONG BEACH, CA-The Port's administrative staff of 350 will move to 4801 Airport Plaza Dr. sometime next year.

via Los Angeles http://www.globest.com/news/12_475/losangeles/office/Port-of-Long-Beach-Board-Approves-New-HQ-Move-326691.html

Colony Capital Buys 970 REO Homes

Colony Capital LLC has purchased 970 single-family REO properties in California, Arizona and Nevada as part of the Federal Housing Finance Agency (FHFA) pilot efforts to dispose of Fannie Mae's first Real Estate Owned (REO) properties. Colony purchased shares of eight sub-portfolios of residential real estate owned (REO) properties, including tenant-occupied units and vacant single family residential properties. Fannie Mae has retained an interest...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Colony-Capital-Buys-970-REO-Homes/143066?ref=/News/Article/Colony-Capital-Buys-970-REO-Homes/143066&src=rss

Sequoia Real Estate Launches Second Single-Family PE Fund

Sequoia Real Estate Partners launched Pacific Value Opportunities Fund II, which will acquire, renovate, manage and dispose of single-family houses and apartment communities in California. PVOF II will target residential properties of one to four units that are underpriced and/or capable of being renovated or otherwise improved to substantially increase value, resulting in higher disposition prices and strong fund profits. Sequoia's founding...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068?ref=/News/Article/Sequoia-Real-Estate-Launches-Second-Single-Family-PE-Fund/143068&src=rss

Dwight Hotchkiss Named Colliers' US Brokerage President

LOS ANGELES-The firm promotes the former executive managing director of brokerage services, USA, to president after joining the firm in 2010.

via Los Angeles http://www.globest.com/news/12_475/losangeles/other/-326633.html

MPG Relieved of $700M Debt

LOS ANGELES-Expected continued suspension of California's net operating loss tax exemption adds to speculation that the company may sell its office portfolio.

via Los Angeles http://www.globest.com/news/12_475/losangeles/office/-326637.html

Dunkel Bros Pay $1.3M for Corona Industrial

Dunkel Bros. Machinery Moving, Inc. purchased the industrial facility at 1000 El Sobrante Rd. in Corona, CA for $1,315,000, or about $73 per square foot, from Community Bank in an REO sale. This 18,000-square-foot showroom is located at Circle City Dr. on 1.3 acres in Riverside County. Escrow on the investment sale closed in 60 days. Jeff Bischofberger with Lee & Associates represented the buyer. Please see CoStar COMPS #2537118 for additional...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748?ref=/News/Article/Dunkel-Bros-Pay-$13M-for-Corona-Industrial/142748&src=rss

$74M Maintenance, Operations Facility Moves Dirt

LOS ANGELES-McCarthy tells GlobeSt.com that it sees the Los Angeles market as critical for the continued rebound in the Southern California construction market.

via Los Angeles http://www.globest.com/news/12_474/losangeles/development/74M-Maintenance-Operations-Facility-Moves-Dirt-326592.html

Net Lease Investment Strategies Remain Unchanged

LOS ANGELES-Core strategies are not changing dramatically for 2013, say panelists at RealShare Net Lease West.

via Los Angeles http://www.globest.com/news/12_474/losangeles/netlease/-326590.html

Momentum Building in Net Lease Space

LOS ANGELES-Panelists at last week's RealShare Net Lease West conference here say low inventory plus low interest rates equals pent-up demand that will fuel deals once properties come online.

via Los Angeles http://www.globest.com/news/12_473/losangeles/netlease/-326587.html

CoStar's People of Note (Oct. 28-Nov. 3)

This week's People of Note includes the following markets: Boston, Dallas/Fort Worth, Denver, Pittsburgh, San Francisco and St. Louis. BOSTON Capital Markets Team Joins Avison Young in Boston By Laurie Forbes Avison Young expanded its capital markets business in the New England region with the hiring of three industry veterans. The Boston team gained (pictured from left to right) Michael Smith and Scott Jamieson as



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953?ref=/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953&src=rss

Malls and Land Shared the Spotlight in October

It's not often that retail and land news vave upstaged office and multifamily news this year; but our readers last month made CoStar News' two special series on the de-malling of America and the rebound in land sales among the most read stories of 2012. Here is what our readers picked as the Top 10 stories of October. No. 10. Avison Young Finding Success In Plan for Building a National CRE Services Brokerage No. 9. The Great Land Price Swing No...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Malls-and-Land-Shared-the-Spotlight-in-October/142952?ref=/News/Article/Malls-and-Land-Shared-the-Spotlight-in-October/142952&src=rss

One Eleven Town Center Adds Two Anchors

Whole Foods Market and Nordstrom Rack have both signed new leases in the One Eleven Town Center shopping center at Town Center Way and Highway 111 in Palm Desert, CA. The regional power center is located across from Westfield Shoppingtown Palm Desert. The property totals approximately 152,413 square feet and was developed in 1987. Portland-based Harsch Investment Properties will be demolishing the now vacant Best Buy and Banner Mattress buildings...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845?ref=/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845&src=rss

Pacific Trust Renews, Expands Headquarters in Irvine Towers

Pacific Trust Bank expanded its corporate headquarters by an additional 21,000 square feet for a total lease commitment of nearly 63,000 square feet in The Irvine Cos' Irvine Towers office complex at 18500 Von Karman Avenue in Irvine, CA. The bank was represented by David Giglio and Lori Smith in Transwestern's Orange County office. The building owner was represented in-house by The Irvine Co.'s Mike Hodges.



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869?ref=/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869&src=rss

Port of Long Beach Considers Temporary HQ Move

LONG BEACH, CA-If the purchase of 4801 Airport Plaza Dr. is approved, the Port of Long Beach administrative staff, about 350 people, would move to there while a search continues for a permanent headquarters.

via Los Angeles http://www.globest.com/news/12_473/losangeles/office/Port-of-Long-Beach-Considers-Temporary-HQ-Move-326586.html

Archstone Snatches Luxury Community for $56M

STUDIO CITY, CA-GlobeSt.com learns exclusively that a private investment fund sells the centrally located Studio 40-41 here.

via Los Angeles http://www.globest.com/news/12_473/losangeles/multifamily/Archstone-Snatches-Luxury-Community-for-56M-326564.html

CoStar's People of Note (Oct. 28-Nov. 3)

This week's People of Note includes the following markets: Boston, Dallas/Fort Worth, Denver, Pittsburgh, San Francisco and St. Louis. BOSTON Capital Markets Team Joins Avison Young in Boston By Laurie Forbes Avison Young expanded its capital markets business in the New England region with the hiring of three industry veterans. The Boston team gained (pictured from left to right) Michael Smith and Scott Jamieson as



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953?ref=/News/Article/CoStars-People-of-Note-Oct-28-Nov-3/142953&src=rss

Malls and Land Shared the Spotlight in October

It's not often that retail and land news vave upstaged office and multifamily news this year; but our readers last month made CoStar News' two special series on the de-malling of America and the rebound in land sales among the most read stories of 2012. Here is what our readers picked as the Top 10 stories of October. No. 10. Avison Young Finding Success In Plan for Building a National CRE Services Brokerage No. 9. The Great Land Price Swing No...



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One Eleven Town Center Adds Two Anchors

Whole Foods Market and Nordstrom Rack have both signed new leases in the One Eleven Town Center shopping center at Town Center Way and Highway 111 in Palm Desert, CA. The regional power center is located across from Westfield Shoppingtown Palm Desert. The property totals approximately 152,413 square feet and was developed in 1987. Portland-based Harsch Investment Properties will be demolishing the now vacant Best Buy and Banner Mattress buildings...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845?ref=/News/Article/One-Eleven-Town-Center-Adds-Two-Anchors/142845&src=rss

Pacific Trust Renews, Expands Headquarters in Irvine Towers

Pacific Trust Bank expanded its corporate headquarters by an additional 21,000 square feet for a total lease commitment of nearly 63,000 square feet in The Irvine Cos' Irvine Towers office complex at 18500 Von Karman Avenue in Irvine, CA. The bank was represented by David Giglio and Lori Smith in Transwestern's Orange County office. The building owner was represented in-house by The Irvine Co.'s Mike Hodges.



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869?ref=/News/Article/Pacific-Trust-Renews-Expands-Headquarters-in-Irvine-Towers/142869&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.8%

The Inland Empire retail market did not experience much change in market conditions in the third quarter 2012. The vacancy rate went from 8.9% in the previous quarter to 8.8% in the current quarter. Net absorption was positive 233,311 square feet, and vacant sublease space decreased by 88,207 square feet. In second quarter 2012, net absorption was negative 273,001 square feet. Tenants moving into large blocks of space in 2012 include: T...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-88/142801?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-88/142801&src=rss

CoStar's People of Note (Oct. 21-27)

This week's People of Note includes the following markets: Boston, Chicago, Northern New Jersey and New York City. BOSTON Hughes Joins JLL Boston as Managing Director By Laurie Forbes Jones Lang LaSalle bolstered its capital markets platform by adding Jessica Hughes as a managing director in Boston. She will partner with Regional Leader Frank Petz and help expand JLL’s New England investment sales team. Hughes is a global i



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/CoStars-People-of-Note-Oct-21-27/142778?ref=/News/Article/CoStars-People-of-Note-Oct-21-27/142778&src=rss

10.3-Acre Ontario Lot Sells For $3.1M

GM Ontario Investment LLC has sold the 10.32-acre lot located at the southwest corner of S. Haven Ave. and E. Riverside Dr. in Ontario, CA to Premier Investment Enterprises, Inc. for $3,146,000. The buyer is an investor who plans to hold the land for future development opportunities. The lot is zoned SP-NC/OS/R according to County Assessor records. Jason Chao and Cannon Chang of CBRE represented the seller. Peter Loh of RE/MAX Realty 100 represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.222.181.98/News/Article/103-Acre-Ontario-Lot-Sells-For-$31M/142259?ref=/News/Article/103-Acre-Ontario-Lot-Sells-For-$31M/142259&src=rss

Chino Industrial Acquired For $5.1M

SBC Enterprise LLC purchased the industrial building at 13900 Sycamore Way in Chino, CA for $5,126,500, or about $78 per square foot, from a private trust. The buyer will be operating its DVD manufacturing business at the subject property. Built in 1986, the building totals 65,837 square feet on 4.8 acres located east of Oaks Ave., between Schaefer and Edison Avenues. Mark Kegans and Ron Washle of Newmark Grubb Knight Frank represented the...



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