Market Trend: Select Top Five Inland Empire Industrial Leases Signed in Q1 2013

The select top industrial lease signed during the first quarter of 2013 in the Inland Empire market was at 1900 S. Rochester Ave. in the Airport Area submarket. Mobis Parts America leased 506,436 square feet there, represented by Colliers International. Cushman & Wakefield represented the landlord. Lollicup USA, Inc. leased 300,300 square feet at 6185 Kimball Ave. in the West San Bernardino submarket. Lee & Associates represented the landlord...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Select-Top-Five-Inland-Empire-Industrial-Leases-Signed-in-Q1-2013/149055?ref=/News/Article/Market-Trend-Select-Top-Five-Inland-Empire-Industrial-Leases-Signed-in-Q1-2013/149055&src=rss

Avery Dennison Campus Goes on the Market

PASADENA, CA-The Avery Dennison corporate headquarters will be available in 2014. The large campus here has been acquired and will be renovated for a new tenant.

via Los Angeles http://www.globest.com/news/12_616/losangeles/acquisitions_dispositions/Avery-Dennison-Campus-Goes-on-the-Market-333990.html

I.con Fills up on Industrial Infill Dev.

LOS ANGELES-In the finale of our NAIOP I.con previews, Bradley Cox, senior managing director, Trammell Crow Co., talks about the market fundamentals that drive industrial infill development. .

via Los Angeles http://www.globest.com/news/12_616/losangeles/development/Icon-Fills-up-on-Industrial-Infill-Dev-333987.html

Marcus and Millichap Arranges Two Refis

LOS ANGELES-Bridge loan for two vacant blocks and a separate deal for 14 units in a Studio City condominium total nearly $13 million.

via Los Angeles http://www.globest.com/news/12_616/losangeles/multifamily/Marcus-and-Millichap-Arranges-Two-Refis-333983.html

Andre Balazs Properties Hires Savills To Explore Expansion

NEW YORK CITY-The hotelier is looking to garner the support of a variety of investor types to support global expansion.

via Los Angeles http://www.globest.com/news/12_616/newyork/hotel/Andre-Balazs-Properties-Hires-Savills-To-Explore-Expansion-333975.html

Phoenix Realty Grp Sells Cielo Vista Apts

A private investor purchased the 120-unit Cielo Vista Apartments at 1624 W. Rialto Ave. in Fontana, CA for $15 million, or $125,000 per unit, from Phoenix Realty Group. Built in 2008, the multifamily complex totals 109,344 square feet on 6.2 acres at the northeast corner of W. Rialto Ave. and N. Maple Ave. in San Bernardino County. The six-building property consists of 20 one-bedroom and 100 two-bedroom units with asking rents between $975 and...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859?ref=/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859&src=rss

Palm Desert Retail Sold for $1.3M

RayBrenCam Holdings LLC purchased the NAPA Auto Parts at 42100 Beacon Hill in Palm Desert, CA for $1.3 million, or about $118 per square foot, from LV Investments LLC. The buyer had been leasing the property since 2001, and approached the seller directly. Built in 2001, the retail property totals 11,000 square feet on less than one acre at the southeast corner of Beacon Hill and Mayfair Dr. in Riverside County. No brokers were involved in the...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854?ref=/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854&src=rss

Montclair Industrial Portfolio Trades for $7.2M

Rexford Industrial purchased the six-building, Benson Commerce Center at 8900-8980 Benson Ave. in Montclair, CA for $7.15 million, or about $82 per square foot, from Benson Equities LLC. Built in 1975, the business park totals 87,156 square feet on 5.2 acres at the southwest corner of Benson Ave. and 8th St. in the West San Bernardino County submarket. The asset was 84 percent leased at the time of sale. Frank Kosi of Sperry Commercial represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853?ref=/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853&src=rss

Palm Desert MOB Sells for $2M

The Retina Institute of California purchased the medical office building at 44139 Monterey Ave. in Palm Desert, CA for $2 million, or about $125 per square foot, from Monterey Investment Group. Built in 1995 and renovated in 2011, the property totals 15,960 square feet on 1.1 acres located at the southwest corner of Monterey Ave. and Fred Waring Dr. in Riverside County. Carol Grace of Coldwell Banker Commercial Lyle & Associates represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851?ref=/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851&src=rss

CoStar's People of Note (May 19 - 25)

This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland. SOUTH FLORIDA Avison Young Hires Carlo in Miami By Justin Sumner Avison Young, Canada's largest independently-owned commercial real estate services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss

Market Trend: Select Top Three Inland Empire Office Leases Signed in Q1 2013

The select top office lease signed during the first quarter of 2013 in the Inland Empire market was at 1175 W. Foothill Blvd. in the East San Bernardino submarket. The County of San Bernardino took 36,179 square feet there. Westland Group, Inc. leased 9,600 square feet at 11023 Eucalyptus St. in the Airport Area. Delmar Commercial RE Services represented the landlord, while Lee & Associates represented the tenant. SoCal Properties represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810&src=rss

MPG Office Trust Sells Plaza Las Fuentes

PASADENA, CA-MPG Office Trust has agreed to sell the office/retail Plaza Las Fuentes for $75 million. The deal is subject to approval from the Pasadena city government.

via Los Angeles http://www.globest.com/news/12_616/losangeles/acquisitions_dispositions/MPG-Office-Offloads-Plaza-Las-Fuentes-333955.html

Ports Panel Girds for Battle at I.con

LOS ANGELES-Our series of previews for NAIOP’s I.con: the Industrial Conference talks with Steve Crosby of CS Real Property, who appears as a panelist on “Inland Ports and the Battle of the Midwest.”

via Los Angeles http://www.globest.com/news/12_615/losangeles/industrial/Ports-Panel-Girds-for-Battle-at-Icon-333930.html

Hollywood Mixed-Use Senior Bldg. Premieres

LOS ANGELES: A new property in the heart of Hollywood geared to provide seniors affordable housing is now open. The $43 million mixed-use development is near mass transit.

via Los Angeles http://www.globest.com/news/12_615/losangeles/development/Hollywood-Mixed-Use-Senior-Bldg-Premieres-333927.html

Zara Leases Flagship Space at FIGat7th

LOS ANGELES-Transformed center offers new urban shopping and dining experience in the heart of the city’s center.

via Los Angeles http://www.globest.com/news/12_615/losangeles/retail/Zara-Leases-Flagship-Space-at-FIGat7th-333908.html

CBRE Scores Four

LOS ANGELES- CBRE has been exclusively retained by Clarion Partners to market 2.6 million square feet of industrial property in Dallas, Memphis and California’s Inland Empire.

via Los Angeles http://www.globest.com/news/12_615/losangeles/industrial/CBRE-Scores-Four-333890.html

Phoenix Realty Grp Sells Cielo Vista Apts

A private investor purchased the 120-unit Cielo Vista Apartments at 1624 W. Rialto Ave. in Fontana, CA for $15 million, or $125,000 per unit, from Phoenix Realty Group. Built in 2008, the multifamily complex totals 109,344 square feet on 6.2 acres at the northeast corner of W. Rialto Ave. and N. Maple Ave. in San Bernardino County. The six-building property consists of 20 one-bedroom and 100 two-bedroom units with asking rents between $975 and...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859?ref=/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859&src=rss

Palm Desert Retail Sold for $1.3M

RayBrenCam Holdings LLC purchased the NAPA Auto Parts at 42100 Beacon Hill in Palm Desert, CA for $1.3 million, or about $118 per square foot, from LV Investments LLC. The buyer had been leasing the property since 2001, and approached the seller directly. Built in 2001, the retail property totals 11,000 square feet on less than one acre at the southeast corner of Beacon Hill and Mayfair Dr. in Riverside County. No brokers were involved in the...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854?ref=/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854&src=rss

Montclair Industrial Portfolio Trades for $7.2M

Rexford Industrial purchased the six-building, Benson Commerce Center at 8900-8980 Benson Ave. in Montclair, CA for $7.15 million, or about $82 per square foot, from Benson Equities LLC. Built in 1975, the business park totals 87,156 square feet on 5.2 acres at the southwest corner of Benson Ave. and 8th St. in the West San Bernardino County submarket. The asset was 84 percent leased at the time of sale. Frank Kosi of Sperry Commercial represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853?ref=/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853&src=rss

Palm Desert MOB Sells for $2M

The Retina Institute of California purchased the medical office building at 44139 Monterey Ave. in Palm Desert, CA for $2 million, or about $125 per square foot, from Monterey Investment Group. Built in 1995 and renovated in 2011, the property totals 15,960 square feet on 1.1 acres located at the southwest corner of Monterey Ave. and Fred Waring Dr. in Riverside County. Carol Grace of Coldwell Banker Commercial Lyle & Associates represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851?ref=/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851&src=rss

Culver City is for Bargain Hunting

CULVER CITY, CA-The red-hot Culver City office market has one less property for sale. A three-story, 51,288-square-foot building at 6133 Bristol Parkway has changed hands for just over $12 million.

via Los Angeles http://www.globest.com/news/12_614/losangeles/office/Culver-City-is-for-Bargain-Hunting-333875.html

USAA's Alterman Feels the Power

LOS ANGELES-We continue our NAIOP I.con preview with a look at the “Power Brokers” panel, moderated by USAA executive managing director Stanley Alterman.

via Los Angeles http://www.globest.com/news/12_614/losangeles/corporate_real_estate/USAAs-Alternman-Feels-the-Power-333865.html

Phoenix Realty Grp Sells Cielo Vista Apts

A private investor purchased the 120-unit Cielo Vista Apartments at 1624 W. Rialto Ave. in Fontana, CA for $15 million, or $125,000 per unit, from Phoenix Realty Group. Built in 2008, the multifamily complex totals 109,344 square feet on 6.2 acres at the northeast corner of W. Rialto Ave. and N. Maple Ave. in San Bernardino County. The six-building property consists of 20 one-bedroom and 100 two-bedroom units with asking rents between $975 and...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859?ref=/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859&src=rss

Palm Desert Retail Sold for $1.3M

RayBrenCam Holdings LLC purchased the NAPA Auto Parts at 42100 Beacon Hill in Palm Desert, CA for $1.3 million, or about $118 per square foot, from LV Investments LLC. The buyer had been leasing the property since 2001, and approached the seller directly. Built in 2001, the retail property totals 11,000 square feet on less than one acre at the southeast corner of Beacon Hill and Mayfair Dr. in Riverside County. No brokers were involved in the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854?ref=/News/Article/Palm-Desert-Retail-Sold-for-$13M/148854&src=rss

Montclair Industrial Portfolio Trades for $7.2M

Rexford Industrial purchased the six-building, Benson Commerce Center at 8900-8980 Benson Ave. in Montclair, CA for $7.15 million, or about $82 per square foot, from Benson Equities LLC. Built in 1975, the business park totals 87,156 square feet on 5.2 acres at the southwest corner of Benson Ave. and 8th St. in the West San Bernardino County submarket. The asset was 84 percent leased at the time of sale. Frank Kosi of Sperry Commercial represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853?ref=/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853&src=rss

Palm Desert MOB Sells for $2M

The Retina Institute of California purchased the medical office building at 44139 Monterey Ave. in Palm Desert, CA for $2 million, or about $125 per square foot, from Monterey Investment Group. Built in 1995 and renovated in 2011, the property totals 15,960 square feet on 1.1 acres located at the southwest corner of Monterey Ave. and Fred Waring Dr. in Riverside County. Carol Grace of Coldwell Banker Commercial Lyle & Associates represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851?ref=/News/Article/Palm-Desert-MOB-Sells-for-$2M/148851&src=rss

I.con CIO Panel Looks to Future

LOS ANGELES-The NAIOP I.con conference brings together some of the top industrial CIOs for a discussion on where the market appears to be heading.

via Los Angeles http://www.globest.com/news/12_614/losangeles/finance/I.Con-CIO-Panel-Looks-to-Future-333815.html

HFF ReFi's Two Medical Offices

LOS ANGELES-A two-building medical office portfolio has been refinanced for $11 million by HFF. The two properties, located in Garden Grove and Los Alamitos, total 120,253 square feet.

via Los Angeles http://www.globest.com/news/12_613/losangeles/accounting/HFF-ReFis-Two-Medical-Offices-333811.html

Shops at Indian Hills Bring $14M

POMONA, CA-An El Super-anchored shopping center in Pomona sells for $14M. The Shops at Indian Hills is the sixth SoCal grocery-anchored center Hanley Investment Group has moved in the last six months.

via Los Angeles http://www.globest.com/news/12_613/losangeles/acquisitions_dispositions/Shops-at-Indian-Hills-Bring-14M-333806.html

Avison Young Closes Sale of Three Carnegie Plaza

SAN BERNARDINO—Two-story office building, built in 2005, totals more than 85,000 square feet.

via Los Angeles http://www.globest.com/news/12_613/losangeles/office/Avison-Young-Closes-Sale-of-Three-Carnegie-Plaza-333791.html

Nadel Architects Names Six New Partners

LOS ANGELES-Herb Nadel, the president and founder of Nadel Architects, is transitioning by bringing in a new ownership team to lead the company. He will remain as president but plans to gradually hand over more of the company.

via Los Angeles http://www.globest.com/news/12_613/losangeles/employment/Nadel-Architects-Names-Six-New-Partners-333778.html

CoStar's People of Note (May 19 - 25)

This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland. SOUTH FLORIDA Avison Young Hires Carlo in Miami By Justin Sumner Avison Young, Canada's largest independently-owned commercial real estate services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss

Market Trend: Select Top Three Inland Empire Office Leases Signed in Q1 2013

The select top office lease signed during the first quarter of 2013 in the Inland Empire market was at 1175 W. Foothill Blvd. in the East San Bernardino submarket. The County of San Bernardino took 36,179 square feet there. Westland Group, Inc. leased 9,600 square feet at 11023 Eucalyptus St. in the Airport Area. Delmar Commercial RE Services represented the landlord, while Lee & Associates represented the tenant. SoCal Properties represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810&src=rss

NAIOP's I.con to Swim with Sharks

LOS ANGELES-The next in our series of pre-I.con interviews finds Darla Longo, CBRE vice chairman/managing director, talking about equity players and the battle for capital. The first words of the panel's title says it all: "Shark Tank."

via Los Angeles http://www.globest.com/news/12_612/losangeles/finance/NAIOPs-Icon-to-Swim-with-Sharks-333765.html

CoStar's People of Note (May 19 - 25)

This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland. SOUTH FLORIDA Avison Young Hires Carlo in Miami By Justin Sumner Avison Young, Canada's largest independently-owned commercial real estate services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss

Industry Partners Acquires Euclid Street Building

SANTA MONICA, CA-Future plans call for 40,000-square-foot creative office building.

via Los Angeles http://www.globest.com/news/12_612/losangeles/office/Industry-Partners-Acquires-Euclid-Street-Building-333752.html

Santa Monica Civic Faces Showdown

SANTA MONICA, CA-A decision on the future of the landmark Santa Monica Civic Auditorium looms at a June 11 city council meeting. Although it's not likely, one possibility is demolition, a city official says.

via Los Angeles http://www.globest.com/news/12_612/losangeles/acquisitions_dispositions/Santa-Monic-Civic-Faces-Showdown-333727.html

352-Unit Apartment Buy a Solid One

HOUSTON-According to a broker uninvolved with the recent Connection at Buffalo Pointe transaction, buyer CBRE Strategic Partners ended up with an investment in a submarket driven by the nearby Medical District.

via Los Angeles http://www.globest.com/news/12_612/houston/multifamily/352-Unit-Apartment-Buy-a-Solid-One-333731.html

Market Trend: Select Top Three Inland Empire Office Leases Signed in Q1 2013

The select top office lease signed during the first quarter of 2013 in the Inland Empire market was at 1175 W. Foothill Blvd. in the East San Bernardino submarket. The County of San Bernardino took 36,179 square feet there. Westland Group, Inc. leased 9,600 square feet at 11023 Eucalyptus St. in the Airport Area. Delmar Commercial RE Services represented the landlord, while Lee & Associates represented the tenant. SoCal Properties represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810&src=rss

La Colonnade Changes Hands

BEVERLY HILLS, CA—A trophy mixed-use building known for its striking architecture has been acquired by a private investment group. The building formerly belonged to Grosvenor Americas.

via Los Angeles http://www.globest.com/news/12_611/losangeles/acquisitions_dispositions/La-Colonnade-Changes-Hands-333710.html

NAIOP I.con Conference Talks E-Commerce

LOS ANGELES—The upcoming NAIOP conference promises a solid ROI. In the first of a series of pre-conference interviews, Curtis Spencer, president of IMSW, talks about e-commerce’s effect on industrials.

via Los Angeles http://www.globest.com/news/12_611/losangeles/technology/NAIOP-Icon-Conference-Talks-E-Commerce-333708.html

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://www.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Highland Retail Sells for $1.1M

Infinity Commercial LLC purchased the free-standing retail building at 27889 Baseline St. in Highland, CA for $1.1 million, or about $183 per square foot, from Kimball Enterprises LLC. Built in 1996, the retail property totals 6,000 square feet on 0.67 acres at the southwest corner of Boulder Ave. in San Bernardino County. The property was 100 percent vacant at the time of sale, and is currently being marketed for lease with Nathan Diones with...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Highland-Retail-Sells-for-$11M/148498?ref=/News/Article/Highland-Retail-Sells-for-$11M/148498&src=rss

San Jacinto Industrial Trades for $1M

Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC. Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County. The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp. Neither...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss

Three Carnegie Plaza Sells for $8M

Rancon Realty Fund V sold Three Carnegie Plaza at 735 E. Carnegie Dr. in San Bernardino, CA to M&Y Management for $8 million, or approximately $93 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 2005, the 85,846-square-foot, two-story office building is located within the Tri-City Corporate Centre, a 153-acre, master-planned, mixed-use development that offers office and retail options totaling more than 1.2...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620?ref=/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620&src=rss

CoStar's People of Note (May 12 - 18)

This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego. DETROIT Farbman Group Promotes Gutman, Kalil By Tim Heise Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss

Market Trend: Inland Empire's Industrial Deliveries, Construction and Inventory

During the first quarter 2013, eight buildings totaling 2,574,183 square feet were completed in the Inland Empire Industrial market area. This compares to five buildings totaling 2,182,666 square feet that were completed in the fourth quarter 2012, 10 buildings totaling 3,091,179 square feet completed in the third quarter 2012, and 819,590 square feet in three buildings completed in the second quarter 2012. There was 5,594,774 square feet of...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633&src=rss

Grand Terrace Office Trades for $3.7M

Riverside-San Bernardino County Indian Health, Inc. purchased the office building at 11980 Mount Vernon Ave. in Grand Terrace, CA for $3.69 million, or about $96 per square foot, from Universal Health Services, Inc. The non-profit organization will occupy the entire building. Built in 1992, the office building totals 38,316 square feet on four acres located at the northwest corner of Mt. Vernon Ave. and Barton Rd. in the East San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070?ref=/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070&src=rss

Delta Exhitbitions Buys Fontana Industrial for $1.3M

A private individual sold the industrial building at 10820 Mulberry Ave. in Fontana, CA to Delta Exhibitions, Inc. for approximately $1.27 million, or $71 per square foot. The buyer will be using the property for their exhibit services business. Built in 1989, the property totals 17,933 square feet on 0.95 acres, part of the Mulberry Business Park located at the northwest of Mulberry and Santa Ana Ave. in the Airport Area submarket. Armen...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067?ref=/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067&src=rss

Ramona Oaks Apts Sold for $3.9M

Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit. This sale was the seller's downleg in a 1031 exchange. Built in 1964, the property totals 33,922 square feet on 1.8 acres at the northwest corner of Olivewood Ave. and Ramona Dr. The multifamily community consists of 20 one-bedroom and 24 two-bedroom units in five buildings. Cray Carlson...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss

CoStar's People of Note (May 5 - 11)

This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis. LOS ANGELES Diaz Returns to Cushman & Wakefield By Allison Smith Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss

Market Trend: Inland Empire's Retail Deliveries, Construction and Inventory

During the first quarter 2013, 12 buildings totaling 274,074 square feet were completed in the Inland Empire retail market. Over the past four quarters, a total of 930,448 square feet of retail space has been built in Inland Empire. In addition to the current quarter, seven buildings with 44,500 square feet were completed in fourth quarter 2012, 12 buildings totaling 579,726 square feet completed in third quarter 2012, and 32,148 square feet...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455&src=rss

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://seattle.costargroup.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Indie Assn. Hopes to "Leverage" Brokers

BEVERLY HILLS, CA—A new association of independent residential real estate brokerage firms has formed. The goal is to leverage their worldwide network to better serve relocating clients.

via Los Angeles http://www.globest.com/news/12_611/losangeles/other/New-Indie-Assn-Hopes-to-Leverage-Members-333669.html

Brentwood Capital Buys Loker Med for $16M

LOS ANGELES—Brentwood Capital Partners has purchased the Loker Medical Arts Pavilion in the downtown area for $16 million.

via Los Angeles http://www.globest.com/news/12_610/losangeles/acquisitions_dispositions/Brentwood-Capital-Buys-Loker-Med-for-16M-333661.html

Vista Capital Closes $32M in Refinancing

SANTA MONICA, CA—Vista Capital Co. has raised $32 million in financing for five hotels in Arizona and Utah.

via Los Angeles http://www.globest.com/news/12_610/losangeles/finance/Vista-Capital-Closes-32M-in-Financing-333657.html

Collier's Arranges $3M Lease for Logistics Firm

PICO RIVERA, CA—Built in 2000, the 111,000 square foot concrete tilt-up structure, features 28 dock-high loading doors with 30-foot clearances and ESFR fire sprinklers.

via Los Angeles http://www.globest.com/news/12_610/losangeles/industrial/Colliers-Arranges-3M-Lease-for-Logistics-Firm-333655.html

Mendelson Takes Over at Arden

LOS ANGELES—Jim Mendelson, managing director of real estate North America for GE Capital, has taken over for Joaquin de Monet, the outgoing president/CEO of Arden Realty.

via Los Angeles http://www.globest.com/news/12_610/losangeles/employment/Mendelson-Takes-Over-at-Arden-333634.html

E-Commerce Boosts Industrial Sector

NEW YORK CITY-Industrial’s strength is undeniable, and C&W, CBRE and Marcus & Millichap are all praising its prospects.

via Los Angeles http://www.globest.com/news/12_610/national/industrial/E-Commerce-Boosts-Industrial-Sector-333612.html

Highland Retail Sells for $1.1M

Infinity Commercial LLC purchased the free-standing retail building at 27889 Baseline St. in Highland, CA for $1.1 million, or about $183 per square foot, from Kimball Enterprises LLC. Built in 1996, the retail property totals 6,000 square feet on 0.67 acres at the southwest corner of Boulder Ave. in San Bernardino County. The property was 100 percent vacant at the time of sale, and is currently being marketed for lease with Nathan Diones with...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Highland-Retail-Sells-for-$11M/148498?ref=/News/Article/Highland-Retail-Sells-for-$11M/148498&src=rss

San Jacinto Industrial Trades for $1M

Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC. Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County. The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp. Neither...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss

Three Carnegie Plaza Sells for $8M

Rancon Realty Fund V sold Three Carnegie Plaza at 735 E. Carnegie Dr. in San Bernardino, CA to M&Y Management for $8 million, or approximately $93 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 2005, the 85,846-square-foot, two-story office building is located within the Tri-City Corporate Centre, a 153-acre, master-planned, mixed-use development that offers office and retail options totaling more than 1.2...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620?ref=/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620&src=rss

Three Carnegie Plaza Sells for $8M

Rancon Realty Fund V sold Three Carnegie Plaza at 735 E. Carnegie Dr. in San Bernardino, CA to M&Y Management for $8 million, or approximately $93 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 2005, the 85,846-square-foot, two-story office building is located within the Tri-City Corporate Centre, a 153-acre, master-planned, mixed-use development that offers office and retail options totaling more than 1.2...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620?ref=/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620&src=rss

Joaquin de Monet Leaving Arden Realty

LOS ANGELES—Joaquin de Monet, the president and CEO of GE Capital-owned Arden Realty, is leaving the company “by mutual agreement,” GlobeSt.com has learned.

via Los Angeles http://www.globest.com/news/12_609/losangeles/employment/Joaquin-de-Monet-Leaving-Arden-Realty-333606.html

Highland Retail Sells for $1.1M

Infinity Commercial LLC purchased the free-standing retail building at 27889 Baseline St. in Highland, CA for $1.1 million, or about $183 per square foot, from Kimball Enterprises LLC. Built in 1996, the retail property totals 6,000 square feet on 0.67 acres at the southwest corner of Boulder Ave. in San Bernardino County. The property was 100 percent vacant at the time of sale, and is currently being marketed for lease with Nathan Diones with...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Highland-Retail-Sells-for-$11M/148498?ref=/News/Article/Highland-Retail-Sells-for-$11M/148498&src=rss

San Jacinto Industrial Trades for $1M

Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC. Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County. The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp. Neither...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss

One of First Post-Redevelopment Deals Closed

CITY OF INDUSTRY, CA—One of the first land deals in the state's post-redevelopment agency world has finally concluded after 1.5 years in escrow.

via Los Angeles http://www.globest.com/news/12_609/losangeles/industrial/One-of-First-Post-Redevelopment-Deals-Closed-333613.html

Joaquin de Monet Leaving Ardent Realty

LOS ANGELES—Joaquin de Monet, the president and CEO of GE Capital-owned Arden Realty, is leaving the company “by mutual agreement,” GlobeSt.com has learned.

via Los Angeles http://www.globest.com/news/12_609/losangeles/employment/Joaquin-de-Monet-Leaving-Ardent-Realty-333606.html

Self-Storage Companies Post Great Results

CHICAGO—First-quarter growth increases calls from some to consider self-storage a separate and vital real estate sector.

via Los Angeles http://www.globest.com/news/12_609/chicago/economy/Self-Storage-Companies-Post-Great-Results-333588.html

Mixed-Use La Verne Village Underway

LA VERNE, CA–-Ground has been broken on a 172-unit mixed-use residential and retail community. The project will have more than 15,000 square feet of retail shopping and dining.

via Los Angeles http://www.globest.com/news/12_609/losangeles/development/Mixed-use-La-Verne-Village-Underway-333578.html

RKF to Lease Malibu Specialty Center

MALIBU, CA—Malibu Lumber Yard at 3939 Cross Creek Road to add multiple new tenants.

via Los Angeles http://www.globest.com/news/12_608/losangeles/retail/RKF-to-Lease-Malibu-Specialty-Center-333535.html

New Digital Theater for South Bay

LOS ANGELES–-Cinemark Holdings is bringing a 14-screen, all digital Cinemark Theatre to the South Bay. Construction on the 57,000-square-foot multiplex will begin this summer.

via Los Angeles http://www.globest.com/news/12_608/losangeles/development/New-Digital-Theater-for-South-Bay-333555.html

Neighborhood Center Relaunches in Hills

GRANADA HILLS–An $18.5 million redevelopment project has been completed on a 225,000-square-foot neighborhood shopping center. The redesigned center will feature a modern Spanish colonial style.

via Los Angeles http://www.globest.com/news/12_608/losangeles/development/Neighborhood-Center-Relaunches-in-Hills-333553.html

RFK to Lease Malibu Specialty Center

MALIBU, CA—Malibu Lumber Yard at 3939 Cross Creek Road to add multiple new tenants.

via Los Angeles http://www.globest.com/news/12_608/losangeles/retail/RFK-to-Lease-Malibu-Specialty-Center-333535.html

Lucent Capital Refi's Two for $11M

BEVERLY HILLS, CA-Lucent Capital arranges separate loans totaling just over $11 million in permanent financing to recapitalize two mixed-use office over retail buildings.

via Los Angeles http://www.globest.com/news/12_608/losangeles/finance/Lucent-Capital-Refis-Two-for-11M-333521.html

Construction Started on Affordable Housing Project

HOLLYWOOD—Argyle Apartments is a 40-unit four-story that will serve seniors and young families.

via Los Angeles http://www.globest.com/news/12_608/losangeles/Construction-Started-on-Affordable-Housing-Project-333513.html

Retailers With Nowhere to Go

LOS ANGELES-Neil Soskin of Primestor talks to GlobeSt.com's Ian Ritter about the pent-up demand that retailers are experiencing and how that has helped his firm's developments and redevelopments.

via Los Angeles http://www.globest.com/news/12_607/national/retail/retail-real-estate-leasing-333526.html

Lee and Associates Closes on Portion of Palmdale Marketplace

PALMDALE, CA—Retail center anchored by Best Buy, Staples, Target, Barnes & Noble.

via Los Angeles http://www.globest.com/news/12_607/losangeles/retail/Lee-and-Associates-Closes-on-Portion-of-Palmdale-Marketplace-333510.html

CoStar's People of Note (May 12 - 18)

This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego. DETROIT Farbman Group Promotes Gutman, Kalil By Tim Heise Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss

Market Trend: Inland Empire's Industrial Deliveries, Construction and Inventory

During the first quarter 2013, eight buildings totaling 2,574,183 square feet were completed in the Inland Empire Industrial market area. This compares to five buildings totaling 2,182,666 square feet that were completed in the fourth quarter 2012, 10 buildings totaling 3,091,179 square feet completed in the third quarter 2012, and 819,590 square feet in three buildings completed in the second quarter 2012. There was 5,594,774 square feet of...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633&src=rss

Studley Claims Record Office Sale

BEVERLY HILLS, CA—A 9,046-square-foot office building here sells for $10.4. The price translates to $1,150 per square foot, allegedly the highest sales price ever per square foot for office space here.

via Los Angeles http://www.globest.com/news/12_607/losangeles/acquisitions_dispositions/Studley-Claims-Record-Office-Sale-333500.html

California Landmark Closes on $4.2 M Koreatown Transaction

LOS ANGELES—Firm concluded deal in just 13 days for the 39-unit multifamily complex.

via Los Angeles http://www.globest.com/news/12_607/losangeles/multifamily/California-Landmark-Closes-on-42-M-Koreatown-Transaction-333483.html

Cambria Suites Teams With Fillmore Capital

LOS ANGELES–Choice Hotels International creates a joint venture with Fillmore Capital Partners LLC to develop multiple Cambria Suites hotel properties.

via Los Angeles http://www.globest.com/news/12_607/losangeles/development/Cambria-Suites-Teams-with-Fillmore-Capital-333469.html

CoStar's People of Note (May 12 - 18)

This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego. DETROIT Farbman Group Promotes Gutman, Kalil By Tim Heise Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss

Market Trend: Inland Empire's Industrial Deliveries, Construction and Inventory

During the first quarter 2013, eight buildings totaling 2,574,183 square feet were completed in the Inland Empire Industrial market area. This compares to five buildings totaling 2,182,666 square feet that were completed in the fourth quarter 2012, 10 buildings totaling 3,091,179 square feet completed in the third quarter 2012, and 819,590 square feet in three buildings completed in the second quarter 2012. There was 5,594,774 square feet of...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633&src=rss

Flynt Building Sold for $89M

BEVERLY HILLS, CA–Hustler magazine founder and chairman Larry Flynt has sold his company’s iconic headquarters building at 8484 Wilshire Boulevard for $89 million. Flynt will remain in the building as its anchor tenant.

via Los Angeles http://www.globest.com/news/12_606/losangeles/acquisitions_dispositions/Flynt-Building-Sold-for-89M-333448.html

IPA Facilitates Sale of Empire Landing Multifamily

BURBANK, CA—The 276-unit property is located near several entertainment industry employers.

via Los Angeles http://www.globest.com/news/12_606/losangeles/multifamily/IPA-Facilitates-Sale-of-Empire-Landing-Multifamily-333434.html

The Campus at Playa Vista Sells

LOS ANGELES–The Campus at Playa Vista, a four-building class-A office complex, has been sold. An SEC filing indicates the purchase price was $218 million.

via Los Angeles http://www.globest.com/news/12_606/losangeles/acquisitions_dispositions/The-Campus-at-Playa-Vista-Sold-333407.html

Tryperion Partners Eyes Secondary Markets

LOS ANGELES-A new fund formed by Tryperion Partners has $50 million in capital. It will target existing assets in secondary markets across the west.

via Los Angeles http://www.globest.com/news/12_605/losangeles/asset_management/Tryperion-Partners-Eyes-Secondary-Markets-333381.html

MCS Industries Moving to Rancho Cucamonga

RANCHO CUCAMONGA, CA—Firm chooses San Bernardino County after exhaustive search for a new location for its western distribution operations.

via Los Angeles http://www.globest.com/news/12_605/losangeles/industrial/MCS-Industries-Moving-to-Rancho-Cucamonga-333371.html

Industry Vet Burton Joins CBRE

LOS ANGELES-GlobeSt.com learns exclusively that Industry veteran Brad Burton has joined the investment sales team at CBRE.

via Los Angeles http://www.globest.com/news/12_605/losangeles/employment/Industry-Vet-Burton-Joins-CBRE-333339.html

Grand Terrace Office Trades for $3.7M

Riverside-San Bernardino County Indian Health, Inc. purchased the office building at 11980 Mount Vernon Ave. in Grand Terrace, CA for $3.69 million, or about $96 per square foot, from Universal Health Services, Inc. The non-profit organization will occupy the entire building. Built in 1992, the office building totals 38,316 square feet on four acres located at the northwest corner of Mt. Vernon Ave. and Barton Rd. in the East San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070?ref=/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070&src=rss

Grand Terrace Office Trades for $3.7M

Riverside-San Bernardino County Indian Health, Inc. purchased the office building at 11980 Mount Vernon Ave. in Grand Terrace, CA for $3.69 million, or about $96 per square foot, from Universal Health Services, Inc. The non-profit organization will occupy the entire building. Built in 1992, the office building totals 38,316 square feet on four acres located at the northwest corner of Mt. Vernon Ave. and Barton Rd. in the East San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070?ref=/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070&src=rss

Artemis Teams with Primestor for Retail

LOS ANGELES-Artemis Real Estate Partners and Primestor Development have formed a joint venture to acquire institutional quality core-plus retail properties in mainstream locations throughout the state.

via Los Angeles http://www.globest.com/news/12_604/losangeles/finance/Artemis-Teams-with-Primestor-for-Retail-333329.html

Artemis Teams with Primstor for Retail

LOS ANGELES-Artemis Real Estate Partners and Primestor Development have formed a joint venture to acquire institutional quality core-plus retail properties in mainstream locations throughout the state.

They will be acting on behalf of the New York Common State Retirement Fund’s $300 million real estate emerging manager program. That program invests to best-in-class operating partners that have market and product expertise. Primestor was approved by the retirement fund as a retail operating partner in the emerging manager…

via Los Angeles http://www.globest.com/news/12_604/losangeles/finance/Artemis-Teams-with-Primstor-for-Retail-333329.html

Resmark Acquires Multifamily from Archstone

SANTA CLARITA, CA-Resmark Apartment Living has acquired the interest of former joint venture partner Archstone in a new 157-unit multifamily here.

via Los Angeles http://www.globest.com/news/12_604/losangeles/acquisitions_dispositions/Resmark-Acquires-Multifamily-from-Archstone-333326.html

Hollywood Park will go Mixed-Use

INGLEWOOD, CA-Hollywood Park, the largest undeveloped parcel of land in the greater Los Angeles area. will become a mixed-use project after its final racing season ends Dec. 22.

via Los Angeles http://www.globest.com/news/12_604/losangeles/development/Hollywood-Park-will-go-Mixed-Use-333286.html

Delta Exhitbitions Buys Fontana Industrial for $1.3M

A private individual sold the industrial building at 10820 Mulberry Ave. in Fontana, CA to Delta Exhibitions, Inc. for approximately $1.27 million, or $71 per square foot. The buyer will be using the property for their exhibit services business. Built in 1989, the property totals 17,933 square feet on 0.95 acres, part of the Mulberry Business Park located at the northwest of Mulberry and Santa Ana Ave. in the Airport Area submarket. Armen...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067?ref=/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067&src=rss

Ramona Oaks Apts Sold for $3.9M

Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit. This sale was the seller's downleg in a 1031 exchange. Built in 1964, the property totals 33,922 square feet on 1.8 acres at the northwest corner of Olivewood Ave. and Ramona Dr. The multifamily community consists of 20 one-bedroom and 24 two-bedroom units in five buildings. Cray Carlson...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss

Ramona Oaks Apts Sold for $3.9M

Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit. This sale was the seller's downleg in a 1031 exchange. Built in 1964, the property totals 33,922 square feet on 1.8 acres at the northwest corner of Olivewood Ave. and Ramona Dr. The multifamily community consists of 20 one-bedroom and 24 two-bedroom units in five buildings. Cray Carlson...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss

Canyon-Citi Multifamily Fund will be "Active"

LOS ANGELES-In an UPDATE to an earlier story, Canyon Capital CEO Bobby Turner details plans for his new investment fund in partnership with Citi.

via Los Angeles http://www.globest.com/news/12_603/losangeles/finance/Canyon-Citi-Multifamily-Fund-will-be-Active-333271.html

No Fast Housing Recovery: Auction.com Research

LOS ANGELES-Analyst Julie Zisfein of Auction.com Research says not to expect a fast housing recovery.

via Los Angeles http://www.globest.com/news/12_603/losangeles/economy/No-Fast-Housing-Recovery-Auctioncom-Research-333267.html

Delta Exhitbitions Buys Fontana Industrial for $1.3M

A private individual sold the industrial building at 10820 Mulberry Ave. in Fontana, CA to Delta Exhibitions, Inc. for approximately $1.27 million, or $71 per square foot. The buyer will be using the property for their exhibit services business. Built in 1989, the property totals 17,933 square feet on 0.95 acres, part of the Mulberry Business Park located at the northwest of Mulberry and Santa Ana Ave. in the Airport Area submarket. Armen...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067?ref=/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067&src=rss

CoStar's People of Note (May 5 - 11)

This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis. LOS ANGELES Diaz Returns to Cushman & Wakefield By Allison Smith Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss

CoStar's People of Note (May 5 - 11)

This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis. LOS ANGELES Diaz Returns to Cushman & Wakefield By Allison Smith Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss

Market Trend: Inland Empire's Retail Deliveries, Construction and Inventory

During the first quarter 2013, 12 buildings totaling 274,074 square feet were completed in the Inland Empire retail market. Over the past four quarters, a total of 930,448 square feet of retail space has been built in Inland Empire. In addition to the current quarter, seven buildings with 44,500 square feet were completed in fourth quarter 2012, 12 buildings totaling 579,726 square feet completed in third quarter 2012, and 32,148 square feet...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455&src=rss

Three Join Kennedy Wilson

BEVERLY HILLS, CA-Brokers Fred Córdova and Christine Deschaine and executive Ryan Eddy join Kennedy Wilson.

via Los Angeles http://www.globest.com/news/12_602/losangeles/employment/Three-Join-Kennedy-Wilson-333213.html

LMU Building $110M Life Sciences Building

LOS ANGELES-Construction has begun on a $110 million Life Sciences building at Loyola Marymount University. The building will have numerous unique green features.

via Los Angeles http://www.globest.com/news/12_602/losangeles/development/LMU-Building-110M-Life-Sciences-Building-333212.html

Market Trend: Inland Empire's Retail Deliveries, Construction and Inventory

During the first quarter 2013, 12 buildings totaling 274,074 square feet were completed in the Inland Empire retail market. Over the past four quarters, a total of 930,448 square feet of retail space has been built in Inland Empire. In addition to the current quarter, seven buildings with 44,500 square feet were completed in fourth quarter 2012, 12 buildings totaling 579,726 square feet completed in third quarter 2012, and 32,148 square feet...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Deliveries-Construction-and-Inventory/148455&src=rss

Carrington Rebrands A and P Unit to Carrington Umbrella

ALISO VIEJO, CA—Operations unchanged as firm maintains measured growth strategy.

via Los Angeles http://www.globest.com/news/12_602/losangeles/other/Carrington-Rebrands-A-and-P-Unit-to-Carrington-Umbrella-333205.html

Ares Inks Deal to Buy AREA

LOS ANGELES-The deal quadruples Ares’ CRE assets under management; AREA CEO Lee Neibart will co-head the Ares Real Estate Group.

via Los Angeles http://www.globest.com/news/12_602/national/acquisitions_dispositions/Ares-Inks-Deal-to-Buy-AREA-333196.html

New Housing Project Targets Homeless

LOS ANGELES-The $15-million Pershing Apartments starts construction this week. It will retain the original Victorian façade of a downtown L.A. commercial building and have three leasable commercial spaces on the ground floor.

via Los Angeles http://www.globest.com/news/12_602/losangeles/development/New-Housing-Project-Targets-Homeless-333186.html

Canyon Capital Teams with Citi for New Fund

LOS ANGELES-In partnership with Citi, a new Canyon Capital fund will acquire and manage up to $800 million in multifamily properties.

via Los Angeles http://www.globest.com/news/12_601/losangeles/finance/Canyon-Capital-Teams-with-Citi-for-New-Fund-333164.html

NorthMarq Refi's Two for $40M

LOS ANGELES-NorthMarq has arranged refinancing worth $40.5 million for two multifamily properties in the state.

via Los Angeles http://www.globest.com/news/12_601/losangeles/asset_management/NorthMarq-Refis-Two-for-40M-333156.html

The CoStar Watch List Newsletter for May 9 - May 19

This Week’s Top Stories Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless "Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether." Read the Full Story... Receiver Sets Liquidation Plan...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss

The CoStar Watch List Newsletter for May 9 - May 19

This Week’s Top Stories Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless "Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether." Read the Full Story... Receiver Sets Liquidation Plan...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss

Titan Acquires Ohio Senior Community

AKRON, OH- The company plans to expand its senior portfolio and invest $100 million in this year alone.

via Los Angeles http://www.globest.com/news/12_601/midwest/acquisitions_dispositions/Titan-Acquires-Ohio-Senior-Community-333132.html

California Labor Market Surges Ahead

SACRAMENTO-Los Angeles County saw the strongest job growth on an absolute basis with 11,900 new nonfarm positions, says Beacon Economics.

via Los Angeles http://www.globest.com/news/12_601/sacramento/employment/California-Labor-Market-Surges-Ahead-333102.html

Stine Retires as Tejon Ranch Leader

TEJON RANCH, CA-Robert A. Stine will retire as president and CEO of the Tejon Ranch Co. at the end of this year. The announcement came today at the company’s annual shareholders meeting.

via Los Angeles http://www.globest.com/news/12_601/losangeles/employment/Stine-Retires-as-Tejon-Ranch-Leader-333118.html

Murad Skin Care on the Move

EL SEGUNDO, CA-Skin care giant Murad will move down the block next year from its current home, investing $35 million in a new 45,000-square-foot global headquarters.

via Los Angeles http://www.globest.com/news/12_600/losangeles/corporate_real_estate/Murad-Skincare-on-the-Move-333107.html

Crowdsourced CompStak Launches in L.A.

LOS ANGELES-A crowdsourced database of commercial lease comps launches here June 1 as part of a new online service's national rollout.

via Los Angeles http://www.globest.com/news/12_600/losangeles/technology/Crowdsourced-CompStak-Launches-in-LA-333104.html

Industrial Building in Enterprise Zone Sells

LOS ANGELES-A former Siemens research and development office has been sold for $9.3 million. The building is located in L.A.'s enterprise zone.

via Los Angeles http://www.globest.com/news/12_600/losangeles/acquisitions_dispositions/Industrial-Building-Sold-in-Enterprise-Zone-for-9M-333055.html

Rancho Mirage Retail Sells for $1.3M

Prosser Piano, Inc. sold the retail building at 71587 Highway 111 in Rancho Mirage, CA for $1.33 million, or about $152 per square foot, in a short-sale to West Side Four LLC. Built in 2005, the property totals 8,736 square feet on 0.66 acres of land located at the southeast corner of Hwy 111 and Indian Trail Rd. in Riverside County. Kevin Prosser with Keller Williams represented the seller. Dick Baxley of Baxley Properties represented the buyer...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Rancho-Mirage-Retail-Sells-for-$13M/148073?ref=/News/Article/Rancho-Mirage-Retail-Sells-for-$13M/148073&src=rss

2.7 Acres in Temecula Sells for $2.5M

Tate Diversified Development, Inc. sold the 2.74-acre parcel of land located on the southwest corner of Margarita Rd. and De Portola Ave. in Temecula, CA to LA International Business Services for $2.5 million, or about $21 per square foot. The buyer plans to construct a 38,000-square-foot medical building on the lot. The property was shovel ready upon purchase, and broke ground immediately after escrow closed. The building should be completed by...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/27-Acres-in-Temecula-Sells-for-$25M/148059?ref=/News/Article/27-Acres-in-Temecula-Sells-for-$25M/148059&src=rss

Fontana Retail Center Sells for $4.1M

A private investor purchased the retail strip center at 8933 Sierra Ave. in Fontana, CA for $4.05 million, or about $138 per square foot, from Westcore Properties. Built in 1968 and renovated in 2007, the single-story property totals 29,398 square feet on 2.38 acres, part of the Sierra Mall located at the southeast corner of Sierra and Merrill Ave. Alvin Mansour and Kevin Mansour of Marcus & Millichap represented the seller. Please reference...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Retail-Center-Sells-for-$41M/148041?ref=/News/Article/Fontana-Retail-Center-Sells-for-$41M/148041&src=rss

Seventh Street Starts Big Valley Building

POMONA, CA-Seventh Street Development has started construction on the largest industrial building built in the San Gabriel Valley in the past three years.

via Los Angeles http://www.globest.com/news/12_599/losangeles/development/Seventh-Street-Starts-Big-Valley-Building-333034.html

Brandywine Homes Acquires 12 Lots

PASADENA,CA-Brandywine Homes has acquired 12 lots in East Pasadena. They will begin construction of a dozen homes.

via Los Angeles http://www.globest.com/news/12_599/losangeles/acquisitions_dispositions/Brandywine-Homes-Acquires-12-Lots-333032.html

Rancho Mirage Retail Sells for $1.3M

Prosser Piano, Inc. sold the retail building at 71587 Highway 111 in Rancho Mirage, CA for $1.33 million, or about $152 per square foot, in a short-sale to West Side Four LLC. Built in 2005, the property totals 8,736 square feet on 0.66 acres of land located at the southeast corner of Hwy 111 and Indian Trail Rd. in Riverside County. Kevin Prosser with Keller Williams represented the seller. Dick Baxley of Baxley Properties represented the buyer...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Rancho-Mirage-Retail-Sells-for-$13M/148073?ref=/News/Article/Rancho-Mirage-Retail-Sells-for-$13M/148073&src=rss

2.7 Acres in Temecula Sells for $2.5M

Tate Diversified Development, Inc. sold the 2.74-acre parcel of land located on the southwest corner of Margarita Rd. and De Portola Ave. in Temecula, CA to LA International Business Services for $2.5 million, or about $21 per square foot. The buyer plans to construct a 38,000-square-foot medical building on the lot. The property was shovel ready upon purchase, and broke ground immediately after escrow closed. The building should be completed by...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/27-Acres-in-Temecula-Sells-for-$25M/148059?ref=/News/Article/27-Acres-in-Temecula-Sells-for-$25M/148059&src=rss

Fontana Retail Center Sells for $4.1M

A private investor purchased the retail strip center at 8933 Sierra Ave. in Fontana, CA for $4.05 million, or about $138 per square foot, from Westcore Properties. Built in 1968 and renovated in 2007, the single-story property totals 29,398 square feet on 2.38 acres, part of the Sierra Mall located at the southeast corner of Sierra and Merrill Ave. Alvin Mansour and Kevin Mansour of Marcus & Millichap represented the seller. Please reference...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Retail-Center-Sells-for-$41M/148041?ref=/News/Article/Fontana-Retail-Center-Sells-for-$41M/148041&src=rss

Venture West Refi's Five for $20M

EL SEGUNDO, CA-The mortgage company helps broker three loans to refinance five apartment buildings for $20.2 million.

via Los Angeles http://www.globest.com/news/12_599/losangeles/asset_management/Venture-West-Refis-Five-for-20M-333001.html

Midtown Shopping Center Buys Land

LOS ANGELES-Midtown Shopping Center Associates buys 185,000-square-foot land under its shopping center and two adjacent properties for $42.5 million.

via Los Angeles http://www.globest.com/news/12_598/losangeles/acquisitions_dispositions/Midtown-Shopping-Center-Buys-Land-332986.html

Dornin Investment Group Buys $15M in Notes

LOS ANGELES-Dornin Investment Group has purchased $15 million in notes at a discount. The notes are secured by multifamily and commercial properties.

via Los Angeles http://www.globest.com/news/12_598/losangeles/asset_management/Dornin-Investment-Group-Buys-15M-in-Notes-332985.html

DCT Industrial Pre-Leases Logistics Project

FONTANA, CA—Both buildings of DCT Slover leased prior to construction. Distribution Alternatives, Inc. will occupy.

via Los Angeles http://www.globest.com/news/12_598/losangeles/industrial/DCT-Industrial-Pre-Leases-Logistics-Project-332973.html

L.A. Stream Realty Seeks Alternative Fun

LOS ANGELES-Stream Realty L.A. is looking for the untraditional type of retail tenant.

via Los Angeles http://www.globest.com/news/12_598/losangeles/development/LA-Stream-Realty-Seeks-Alternative-Fun-332942.html

CoStar's People of Note (April 28 - May 4)

This week's People of Note includes the following markets: Baltimore, Los Angeles, New Jersey, Chicago, Indianapolis, St. Louis, and Southern Connecticut. BALTIMORE Levy Named Head of JLL’s Baltimore Office By Laurie Forbes Jones Lang LaSalle appointed Mark G. Levy to a new and additional role as head of the company’s Baltimore operations. He will oversee all of the firm’s service lines in the region. Levy joined the co



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-April-28-May-4/148264?ref=/News/Article/CoStars-People-of-Note-April-28-May-4/148264&src=rss

CoStar's People of Note (April 28 - May 4)

This week's People of Note includes the following markets: Baltimore, Los Angeles, New Jersey, Chicago, Indianapolis, St. Louis, and Southern Connecticut. BALTIMORE Levy Named Head of JLL’s Baltimore Office By Laurie Forbes Jones Lang LaSalle appointed Mark G. Levy to a new and additional role as head of the company’s Baltimore operations. He will oversee all of the firm’s service lines in the region. Levy joined the co



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-April-28-May-4/148264?ref=/News/Article/CoStars-People-of-Note-April-28-May-4/148264&src=rss

Variety Building Ankles Former Owner

LOS ANGELES-11175 Santa Monica Blvd., the new home building for Variety and Penske Media, is sold for just over $20 million.

via Los Angeles http://www.globest.com/news/12_597/losangeles/acquisitions_dispositions/Variety-Building-Ankles-Former-Owner-332927.html

CBRE's Shannon Sees Creative Rates Spiking

LOS ANGELES-Creative offices are at a premium on the west side, says CBRE’s Kevin Shannon. Some companies may be forced to migrate from Silicon Beach as a result.

via Los Angeles http://www.globest.com/news/12_597/losangeles/acquisitions_dispositions/CBREs-Shannon-Sees-Creative-Rates-Spiking-332924.html

Health Providers May Look to Real Estate

CALABASAS, CA-A Marcus & Millichap report says larger health institutions and practices may seek new revenue and efficiencies in real estate.

via Los Angeles http://www.globest.com/news/12_597/losangeles/medical_office/Health-Providers-May-Look-to-Real-Estate-332899.html

Market Trend: Inland Empire's Office Deliveries, Construction and Inventory

During the first quarter 2013, three buildings totaling 35,859 square feet were completed in the Inland Empire Office market area. This compares to one building totaling 19,558 square feet that were completed in the fourth quarter 2012, three buildings totaling 21,403 square feet completed in the third quarter 2012, and 141,133 square feet in one building completed in the second quarter 2012. There were 503,397 square feet of office space under...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Deliveries-Construction-and-Inventory/148219?ref=/News/Article/Market-Trend-Inland-Empires-Office-Deliveries-Construction-and-Inventory/148219&src=rss

The CoStar Watch List Newsletter for May 2 - May 8

This Week’s Top Stories Investors Re-Open the Spigots to Private Equity Funds After a very slow start to private equity fundraising in 2013, the funding spigots seemed to open up again this past week. Ten sponsoring investment firms reported raising more than $3.5 billion to pump into the recovering CRE markets. That amount is well more than half of what was reported raised in all of the first quarter. Read the Full Story... JPMorgan Packaging...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-2-May-8/148195?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-2-May-8/148195&src=rss

Market Trend: Inland Empire's Office Deliveries, Construction and Inventory

During the first quarter 2013, three buildings totaling 35,859 square feet were completed in the Inland Empire Office market area. This compares to one building totaling 19,558 square feet that were completed in the fourth quarter 2012, three buildings totaling 21,403 square feet completed in the third quarter 2012, and 141,133 square feet in one building completed in the second quarter 2012. There were 503,397 square feet of office space under...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Deliveries-Construction-and-Inventory/148219?ref=/News/Article/Market-Trend-Inland-Empires-Office-Deliveries-Construction-and-Inventory/148219&src=rss

Five New Partners at Allen Matkins

LOS ANGELES-The Allen Matkins law firm has named five new partners. Their election takes effect on July 1.

via Los Angeles http://www.globest.com/news/12_596/losangeles/legal/Five-New-Partners-at-Allen-Matkins-332880.html

Atlantic Times Square Gets $74M Refinance

MONTEREY PARK, CA-Atlantic Times Square, a residential/retail property, has refinanced a construction loan for $74 million. Continental Funding Group brokered the deal.

via Los Angeles http://www.globest.com/news/12_596/losangeles/finance/Atlantic-Times-Square-Gets-74M-Refinance-332878.html

Union Station Revamp Unveiled

LOS ANGELES-Union Station may see improvements to the passenger concourse and a potential expansion of the site footprint.

via Los Angeles http://www.globest.com/news/12_596/losangeles/development/Union-Station-Revamp-Plans-Unveiled-332839.html

The CoStar Watch List Newsletter for May 2 - May 8

This Week’s Top Stories Investors Re-Open the Spigots to Private Equity Funds After a very slow start to private equity fundraising in 2013, the funding spigots seemed to open up again this past week. Ten sponsoring investment firms reported raising more than $3.5 billion to pump into the recovering CRE markets. That amount is well more than half of what was reported raised in all of the first quarter. Read the Full Story... JPMorgan Packaging...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-2-May-8/148195?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-2-May-8/148195&src=rss

Morgan Joins Lowe Enterprises as SVP

LOS ANGELES-Peter S. Morgan will join Lowe Enterprises Real Estate Group as SVP.

via Los Angeles http://www.globest.com/news/12_595/losangeles/employment/Morgan-Joins-Lowe-Enterprises-as-SVP-332818.html

Van Nuys Multifamily Sold

VAN NUYS,CA-A 25-unit apartment building here has been sold for $4.1 million.

via Los Angeles http://www.globest.com/news/12_595/losangeles/sales/Van-Nuys-Multifamily-Sold-332814.html

Douglas Emmett Obtains $325 Million Term Loan Fixed At 2.35%

SANTA MONICA, CA—Proceeds used to help refi current $365 million loan.

via Los Angeles http://www.globest.com/news/12_595/losangeles/other/Douglas-Emmett-Obtains-325-Million-Term-Loan-Fixed-At-235-332812.html

Cushman and Wakefield Arranges Acquisition of Industrial Building

RANCHO DOMINGUEZ, CA—Buyer CenterPoint will reposition manufacturing facility for distribution use.

via Los Angeles http://www.globest.com/news/12_595/losangeles/industrial/Cushman-and-Wakefield-Arranges-Acquisition-of-Industrial-Building-332801.html

Spring Conference Kicks Off; Optimism Expected

INDIAN WELLS, CA-We spoke with Robert Thornburgh of Heger Industrial about the Spring World Conference, and the independent brokerage community

via Los Angeles http://www.globest.com/news/12_595/national/industrial/industrial-brokerage-sior-332793.html

Partner ESI Sees Reasons for Optimism

LOS ANGELES-Two leading indicators of real estate transactions, finance and development are showing strong first quarter growth.

via Los Angeles http://www.globest.com/news/12_595/losangeles/economy/Partner-ESI-Sees-Reasons-for-Optimism-332780.html