Bottega Louie Inks 15-Year Lease Downtown

LOS ANGELES-Restaurant Bottega Louie signs a 15-year lease with the Swig Co. to expand its restaurant operations downtown.

via Los Angeles http://www.globest.com/news/12_702/losangeles/retail/Bottega-Louie-Inks-15-Year-Lease-Downtown-338115.html

Lease Restructure Saves Seven Figures

LOS ANGELES-Sugar Foods restructures the terms of its seven-year lease with Invesco to save seven figures in one year.

via Los Angeles http://www.globest.com/news/12_702/losangeles/industrial/Lease-Restructure-Saves-Seven-Figures-338116.html

Walmart Presence Positive in Albuquerque Center Sale

ALBUQERQUE, NM-Colliers International brokers representing the seller in the 50,000-square-foot disposition say having Walmart as a shadow anchor boosted the asset's appeal.

via Los Angeles http://www.globest.com/news/12_702/southwest/retail/Walmart-Presence-Positive-in-Albuquerque-Center-Sale-338098.html

Californians Finalize Big MOB Purchase

DAYTON—The Los Angeles-based DealPoint Merrill says they have closed escrow on St. Elizabeth, an 821,319-square-foot medical office complex in Dayton.

via Los Angeles http://www.globest.com/news/12_702/midwest/medical_office/Californians-Finalize-Big-MOB-Purchase-338097.html

Industrial Development Breaks Record

LOS ANGELES-New research from CBRE shows Southern California 3Q industrial development tops record-breaking levels since the recession.

via Los Angeles http://www.globest.com/news/12_702/losangeles/industrial/Industrial-Development-Breaks-Record-338082.html

CoStar's People of Note (Sept. 22 - 28)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Atlanta, San Diego, Los Angeles, Hampton Roads, Richmond, Chicago, Houston, Tucson, New Jersey, and Portland. NEW YORK CITY Ludeman Named Global President Capital Markets at CBRE By Caitlin Wilson

Corona Industrial Sold for $2.9M

Tom Hofmann purchased the industrial property at 1128 W. Bradford Cir. in Corona, CA from MT LAM LLC for approximately $2.93 million, or $85 per square foot. The buyer is an owner/user who is relocating his tire business, Freedom Tire Distributing, from another industrial property in the City of Corona. Built in 1986, the building totals 34,450 square feet on 1.5 acres, part of the Lincoln Business Center located at the southwest corner of N. Lincoln...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Corona-Industrial-Sold-for-$29M/152642?ref=/News/Article/Corona-Industrial-Sold-for-$29M/152642&src=rss

Vista Bonita Apts Sell for $3.6M

A private trust purchased the Vista Bonita Apartments at 22822 Palm Ave. in Grand Terrace, CA for $3.55 million, or almost $104,500 per unit, from Blaich Investments-3 LLC. Built in 1964, the apartment complex totals 35,897 square feet on one acre in San Bernardino County. It consists of 6 three-bedroom, 12 two-bedroom, 14 one-bedroom, and two studio units. Kevin Struve with Marcus & Millichap represented the seller. Tom Theung of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542?ref=/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542&src=rss

Corona Industrial Sold for $2.6M

HKF, Inc. purchased the industrial building at 1250 Enterprise Ct. in Corona, CA for $2.55 million, or about $96 per square foot, from a family trust. Built in 1987, the warehouse totals 26,679 square feet on 1.3 acres, part of the Corona Lewis Business Center located at the southeast corner of N. Sherman Ave. in Riverside County. It features two drive-in bays, 20-foot clear heights, and a fenced corner lot. Ryan Moore of Voit Real Estate...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Corona-Industrial-Sold-for-$26M/151907?ref=/News/Article/Corona-Industrial-Sold-for-$26M/151907&src=rss

San Bernardino Industrial Trades for $2.7M

Spectra-Tone Paint Corporation has sold its manufacturing building at 1595 E. San Bernardino Ave. in San Bernardino, CA to Lee's Pottery, Inc. for approximately $2.74 million, or $45 per square foot. The buyer will move from relocate from its current location at the Freeway Business Center in Ontario. Built in 1978, the industrial property totals 60,800 square feet on five acres at the southwest corner of Richardson St. in the East San Bernardino...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905?ref=/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905&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

GumGum Moves to Historic Clock Tower

SANTA MONICA,CA-Advertising firm GumGum inks a five-year office lease for the 4,390-square-foot sixth floor of Santa Monica's historic clock tower.

via Los Angeles http://www.globest.com/news/12_701/losangeles/office/GumGum-Moves-to-Historic-Clock-Tower-338072.html

Megatoys' Downtown Warehouses to Become Apartments

LOS ANGELES-Lowe Enterprises and Megatoys begin construction on a downtown apartment complex at the former site of two Megatoys warehouses.

via Los Angeles http://www.globest.com/news/12_701/losangeles/development/Megatoys-Downtown-Warehouses-to-Become-Apartments-338071.html

Oak Coast Properties' $42M Shopping Spree

LOS ANGELES-Oak Coast Properties purchases a string of Northern and Southern California value-add multifamily properties for $42 million.

via Los Angeles http://www.globest.com/news/12_701/losangeles/multifamily/Oak-Coast-Properties-42M-Shopping-Spree-338048.html

CoStar's People of Note (Sept. 22 - 28)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Atlanta, San Diego, Los Angeles, Hampton Roads, Richmond, Chicago, Houston, Tucson, New Jersey, and Portland. NEW YORK CITY Ludeman Named Global President Capital Markets at CBRE By Caitlin Wilson

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

CoStar's People of Note (Sept. 22 - 28)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Atlanta, San Diego, Los Angeles, Hampton Roads, Richmond, Chicago, Houston, Tucson, New Jersey, and Portland. NEW YORK CITY Ludeman Named Global President Capital Markets at CBRE By Caitlin Wilson

Brentwood Luxury Building Opens Doors

LOS ANGELES-Brentwood's first mid-rise apartment complex in over a decade holds its official grand opening today.

via Los Angeles http://www.globest.com/news/12_700/losangeles/multifamily/Brentwood-Luxury-Building-Opens-Doors-338028.html

Palm Drive Development Site Sails

BEVERLY HILLS, CA-A 14,000-sqaure-foot, double-lot development site on Palm Drive in Beverly Hills sells for $8.2 million.

via Los Angeles http://www.globest.com/news/12_700/losangeles/development/Palm-Drive-Development-Site-Sails-338027.html

Upscale Dining Finds Home in Malls

NEWPORT BEACH, CA-Like retail stores, higher-end restaurants that provide an extraordinary experience for consumers are finding their way into Southern California malls, Jackie Levy of Caruso Affiliated tells GlobeSt.com in this EXCLUSIVE interview.

via Los Angeles http://www.globest.com/news/12_700/orangecounty/retail/Upscale-Dining-Finds-Home-in-Malls-338013.html

Changes in Lifestyle Drive Multifamily Market

LOS ANGELES-Industry experts at the USC Casden Multifamily Forecast offer a positive overall outlook, but note new lifestyle choices are changing the multifamily market.

via Los Angeles http://www.globest.com/news/12_700/losangeles/multifamily/Changes-in-Lifestyle-Drive-Multifamily-Market-337995.html

Corona Industrial Sold for $2.9M

Tom Hofmann purchased the industrial property at 1128 W. Bradford Cir. in Corona, CA from MT LAM LLC for approximately $2.93 million, or $85 per square foot. The buyer is an owner/user who is relocating his tire business, Freedom Tire Distributing, from another industrial property in the City of Corona. Built in 1986, the building totals 34,450 square feet on 1.5 acres, part of the Lincoln Business Center located at the southwest corner of N. Lincoln...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Corona-Industrial-Sold-for-$29M/152642?ref=/News/Article/Corona-Industrial-Sold-for-$29M/152642&src=rss

Vista Bonita Apts Sell for $3.6M

A private trust purchased the Vista Bonita Apartments at 22822 Palm Ave. in Grand Terrace, CA for $3.55 million, or almost $104,500 per unit, from Blaich Investments-3 LLC. Built in 1964, the apartment complex totals 35,897 square feet on one acre in San Bernardino County. It consists of 6 three-bedroom, 12 two-bedroom, 14 one-bedroom, and two studio units. Kevin Struve with Marcus & Millichap represented the seller. Tom Theung of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542?ref=/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542&src=rss

New Demographic Inspires Passco Cos.

LOS ANGELES-Passco Cos. president Howard Wong reveals the timeframe and market trends behind the Promenade at Howard Hughes entertainment repositioning in this UPDATE to an earlier story.

via Los Angeles http://www.globest.com/news/12_699/losangeles/retail/Demographic-Shift-Inspires-Entertainment-Repositioning-337981.html

Sold! Park Place Office Complex

LOS ANGELES-Invesco Real Estate and SSV Properties team up to purchase the four-building Park Place office complex in El Segundo for an undisclosed price.

via Los Angeles http://www.globest.com/news/12_699/losangeles/office/Sold-Park-Place-Office-Complex-337983.html

Corona Industrial Sold for $2.9M

Tom Hofmann purchased the industrial property at 1128 W. Bradford Cir. in Corona, CA from MT LAM LLC for approximately $2.93 million, or $85 per square foot. The buyer is an owner/user who is relocating his tire business, Freedom Tire Distributing, from another industrial property in the City of Corona. Built in 1986, the building totals 34,450 square feet on 1.5 acres, part of the Lincoln Business Center located at the southwest corner of N. Lincoln...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Corona-Industrial-Sold-for-$29M/152642?ref=/News/Article/Corona-Industrial-Sold-for-$29M/152642&src=rss

Summit Hotel Signs $96M Agreement for 503 Rooms

AUSTIN-The hospitality REIT will buy a California portfolio of Hampton Inns from Ocean Park Hotels. Separately, Summit signs an agreement with American Liberty Hospitality for a 182-room Hilton Garden Inn in Houston.

via Los Angeles http://www.globest.com/news/12_699/austin/hotel/Summit-Hotel-Signs-96M-Agreement-for-503-Rooms-337951.html

Regent Properties Fund Closes with $60M

LOS ANGELES-Regent Properties ROF Fund II completes its first closing with $60 million in commitments, two weeks before the close of its first acquisition, Regent Properties president Eric Fleiss tells GlobeSt.com.

via Los Angeles http://www.globest.com/news/12_699/losangeles/office/Regent-Properties-Fund-Closes-with-60M-337944.html

Vista Bonita Apts Sell for $3.6M

A private trust purchased the Vista Bonita Apartments at 22822 Palm Ave. in Grand Terrace, CA for $3.55 million, or almost $104,500 per unit, from Blaich Investments-3 LLC. Built in 1964, the apartment complex totals 35,897 square feet on one acre in San Bernardino County. It consists of 6 three-bedroom, 12 two-bedroom, 14 one-bedroom, and two studio units. Kevin Struve with Marcus & Millichap represented the seller. Tom Theung of Coldwell...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542?ref=/News/Article/Vista-Bonita-Apts-Sell-for-$36M/152542&src=rss

Case-Shiller Posts Best Y-O-Y Gain Since '06

NEW YORK CITY-Yet a slowdown in mortgage applications coupled with rising interest rates portends a slowdown in the increases, says S&P Dow Jones’ David M. Blitzer.

via Los Angeles http://www.globest.com/news/12_698/national/multifamily/Case-Shiller-Posts-Best-Y-O-Y-Gain-Since-06-337924.html

Big Loan for Little Tokyo Building

LOS ANGELES-Bergsen and Haller secures a $17.2 million loan for the former Little Tokyo Professional Building recently rebranded as Terraces.

via Los Angeles http://www.globest.com/news/12_698/losangeles/development/Big-Loan-for-Little-Tokyo-Building-337915.html

Pasadena Leads Tri-Cities Market

Kennedy Wilson Expands Brokerage Downtown

LOS ANGELES-GlobeSt.com learns EXCLUSIVELY that downtown brokerage expert Justin Weiss joins Kennedy Wilson's Los Angeles office as senior associate.

via Los Angeles http://www.globest.com/news/12_698/losangeles/employment/Kennedy-Wilson-Expands-Brokerage-Downtown-337885.html

Dual Expansion at Ness Holdings

LOS ANGELES-Ness Holdings adds two new properties to its portfolio with the acquisition of a 6-tenant Mid-City retail space and a value-add multifamily property.

via Los Angeles http://www.globest.com/news/12_697/losangeles/acquisitions_dispositions/Dual-Expansion-at-Ness-Holdings-337872.html

California State Bar Gets Facelift

LOS ANGELES-Driver SPG receives $14 million for an interior renovation the California State Bar’s new office space in an 111,000-square-foot downtown building.

via Los Angeles http://www.globest.com/news/12_697/losangeles/development/California-State-Bar-Gets-Facelift-337871.html

Development, Value-Add Key in 2013

LOS ANGELES-Industry leaders at Allen Matkins' 2013 View from the Top conference reveal a shift from well-leased assets to value-add transactions and development.

via Los Angeles http://www.globest.com/news/12_697/losangeles/other/Development-and-Value-Add-Key-in-2013-337844.html

CoStar's People of Note (Sept. 15 - 21)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, Philadelphia, Houston, New York City, Washington DC, South Florida, Columbus, Seattle, San Francisco, Atlanta, Hampton Roads, Salt Lake City, Dallas, and Indianapolis. CHICAGO JLL's Lickerman To Become New CEO at DTZ By Tim Trainor

The Resolution to the Parking Problem

LOS ANGELES-Affordable housing community The Lotus Apartments premiers Southern California's first rotating parking garage, dubbed CarMatrix that maximizes parking stalls in a compact space.

via Los Angeles http://www.globest.com/news/12_696/losangeles/multifamily/The-Resolution-to-the-Parking-Problem-337833.html

JLL Recruits Tri-City All Stars

LOS ANGELES-JLL hires agency leasing brokers Patrick Church and Anneke Greco from CBRE to oversee the tri-city submarket, GlobeSt.com reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_696/losangeles/employment/JLL-Recruits-Tri-City-All-Stars-337832.html

CoStar's People of Note (Sept. 15 - 21)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, Philadelphia, Houston, New York City, Washington DC, South Florida, Columbus, Seattle, San Francisco, Atlanta, Hampton Roads, Salt Lake City, Dallas, and Indianapolis. CHICAGO JLL's Lickerman To Become New CEO at DTZ By Tim Trainor

South Bay Gets $55M Luxury Living Complex

LOS ANGELES-Brian Hansen of Wood Partners talks with GlobeSt.com about the construction of a new multifamily luxury development aimed to fill a void in this undersupplied market.

via Los Angeles http://www.globest.com/news/12_696/losangeles/multifamily/South-Bay-Gets-55M-Luxury-Living-Complex-337803.html

American Business Awards Recognizes Auction.com's Online Platform

IRVINE, CA-Top online real estate marketplace is honored in two categories.

via Los Angeles http://www.globest.com/news/12_696/losangeles/multifamily/American-Business-Awards-Recognizes-Auctioncoms-Online-Platform-337782.html

Tryperion Closes First San Antonio Buy

SAN ANTONIO-The Los Angeles buyer teams with Dallas-based Presidium Group to acquire the 252-unit Oakwell Springs in a value-add play. Eliot Bencuya with Tryperion tells GlobeSt.com's Amy Wolff Sorter why the deal was so compelling.

via Los Angeles http://www.globest.com/news/12_696/sanantonio/multifamily/Tryperion-Closes-First-San-Antonio-Buy-337789.html

Glendale Mixed-Use Made for Gen-Y

LOS ANGELES-Construction begins on a new mixed-use multifamily building in Glendale targeted at Generation-Y.

via Los Angeles http://www.globest.com/news/12_695/losangeles/multifamily/Glendale-Mixed-Use-Made-for-Gen-Y-337775.html

Silicon Beach Demands More Entertainment

LOS ANGELES-The Howard Hughes Promenade shifts to an entertainment destination to meet growing demand in Silicon Beach.

via Los Angeles http://www.globest.com/news/12_695/losangeles/retail/Silicon-Beach-Demands-More-Entertainment-337774.html

Tech and Energy Key for Mesa West

LOS ANGELES-Mesa West focuses on job growth in tech and energy and the local economies on both coasts, reports GlobeSt.com in this UPDATE to an earlier story.

via Los Angeles http://www.globest.com/news/12_695/losangeles/finance/Tech-and-Energy-Key-for-Mesa-West-337756.html

Corona Industrial Sold for $2.6M

HKF, Inc. purchased the industrial building at 1250 Enterprise Ct. in Corona, CA for $2.55 million, or about $96 per square foot, from a family trust. Built in 1987, the warehouse totals 26,679 square feet on 1.3 acres, part of the Corona Lewis Business Center located at the southeast corner of N. Sherman Ave. in Riverside County. It features two drive-in bays, 20-foot clear heights, and a fenced corner lot. Ryan Moore of Voit Real Estate...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Corona-Industrial-Sold-for-$26M/151907?ref=/News/Article/Corona-Industrial-Sold-for-$26M/151907&src=rss

San Bernardino Industrial Trades for $2.7M

Spectra-Tone Paint Corporation has sold its manufacturing building at 1595 E. San Bernardino Ave. in San Bernardino, CA to Lee's Pottery, Inc. for approximately $2.74 million, or $45 per square foot. The buyer will move from relocate from its current location at the Freeway Business Center in Ontario. Built in 1978, the industrial property totals 60,800 square feet on five acres at the southwest corner of Richardson St. in the East San Bernardino...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905?ref=/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905&src=rss

Promenade Inks Record-Breaking Lease

SANTA MONICA,CA-The Third Street Promenade in Santa Monica signs a record-breaking eight-year lease with It'Sugar, valued at $6.2 million.

via Los Angeles http://www.globest.com/news/12_694/losangeles/retail/Promenade-Inks-Record-Breaking-Lease-337729.html

CBRE Leads By Example

LOS ANGELES-CBRE adopts a creative office plan at its new global headquarters in Downtown Los Angeles and hangs the first CBRE building signage in 15 years.

via Los Angeles http://www.globest.com/news/12_694/losangeles/office/CBRE-Leads-By-Example-337728.html

Renewable Energy Plant Goes to Auction

LOS ANGELES-Tiger Group is liquidating the former EnerTech Environmental renewable energy plant in an auction that ends September 26.

via Los Angeles http://www.globest.com/news/12_694/losangeles/asset_management/Renewable-Energy-Plant-Goes-to-Auction-337705.html

Avon Studio Strikes Lowest-Priced Land Deal

LOS ANGELES-Avon Studio Transportation reports the acquisition of a 1.29-acre Hollywood lot for the lowest price in the submarket in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_693/losangeles/acquisitions_dispositions/Avon-Studio-Strikes-Lowest-Priced-Land-Deal-337688.html

Storm Properties Inc. Signs CVS Pharmacy

TORRANCE, CA-CVS Pharmacy signs deal with Storm Properties Inc. to construct a 14,500-square-foot freestanding anchor space at the company's retail center, Storm Plaza.

via Los Angeles http://www.globest.com/news/12_693/losangeles/development/Storm-Properties-Inc-Signs-CVS-Pharmacy-337687.html

Corona Industrial Sold for $2.6M

HKF, Inc. purchased the industrial building at 1250 Enterprise Ct. in Corona, CA for $2.55 million, or about $96 per square foot, from a family trust. Built in 1987, the warehouse totals 26,679 square feet on 1.3 acres, part of the Corona Lewis Business Center located at the southeast corner of N. Sherman Ave. in Riverside County. It features two drive-in bays, 20-foot clear heights, and a fenced corner lot. Ryan Moore of Voit Real Estate...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Corona-Industrial-Sold-for-$26M/151907?ref=/News/Article/Corona-Industrial-Sold-for-$26M/151907&src=rss

San Bernardino Industrial Trades for $2.7M

Spectra-Tone Paint Corporation has sold its manufacturing building at 1595 E. San Bernardino Ave. in San Bernardino, CA to Lee's Pottery, Inc. for approximately $2.74 million, or $45 per square foot. The buyer will move from relocate from its current location at the Freeway Business Center in Ontario. Built in 1978, the industrial property totals 60,800 square feet on five acres at the southwest corner of Richardson St. in the East San Bernardino...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905?ref=/News/Article/San-Bernardino-Industrial-Trades-for-$27M/151905&src=rss

Young Influential Women Come from OC, L.A.

IRVINE, CA-Many of the women under 40 that Real Estate Forum recently lauded for making an impact on commercial real estate hail from Orange County and Los Angeles. Here are a few of them.

via Los Angeles http://www.globest.com/news/12_693/orangecounty/employment/Young-Influential-Women-Come-from-OC-LA-337673.html

Crowdfunding Has Its Pros and Cons

LOS ANGELES-An investment concept that has become popular in many industries, crowdfunding for real estate investing raises more questions than answers, Jeffer Mangels attorney Seth Weissman tells GlobeSt.com.

via Los Angeles http://www.globest.com/news/12_693/losangeles/finance/Crowdfunding-Has-Its-Pros-and-Cons-337672.html

Mesa West Value-Add Fund Hits $700M

LOS ANGELES-Real estate investment manager Mesa West Capital LLC hits $700 million of equity for its third value-added debt fund, which closes this month.

via Los Angeles http://www.globest.com/news/12_693/losangeles/finance/Mesa-West-Value-Add-Fund-Hits-700M-and-Rising-337662.html

Growth Spurt at Allen Matkins' L.A. Office

LOS ANGELES-Allen Matkins' Los Angeles Office expands again with new land use partner Fernando Villa and tax associate Scott Dommes.

via Los Angeles http://www.globest.com/news/12_692/losangeles/employment/Growth-Spurt-at-Allen-Matkins-LA-Office-337631.html

Palm Heights LLC Takes Lanshire House

LOS ANGELES-Lanshire House, a multifamily community in West Los Angeles, goes to Palm Heights LLC for nearly $9 million.

via Los Angeles http://www.globest.com/news/12_692/losangeles/multifamily/Palm-Heights-LLC-Takes-Lanshire-House-337629.html

Monem Corp.'s Double Deal

LOS ANGELES-Monem Corp. acquires two multifamily buildings that bring their Los Angeles portfolio to 60 owned properties. in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_692/losangeles/acquisitions_dispositions/Monem-Corps-Double-Deal-337602.html

Market Trend: Select Top Three Inland Empire Industrial Leases Signed in Q2 2013

The select top industrial lease signed during the second quarter of 2013 in the Inland Empire market was at DCT Slover Logistics Center II in the East San Bernardino submarket. Distribution Alternatives, Inc. leased 610,120 square feet there, represented by The Davdidson Companies, Inc. Lee & Associates represented the landlord. Minka Group leased 354,810 square feet on San Michele Rd. in the Riverside submarket. Colliers International 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-Industrial-Leases-Signed-in-Q2-2013/152415?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Industrial-Leases-Signed-in-Q2-2013/152415&src=rss

Market Trend: Select Top Three Inland Empire Industrial Leases Signed in Q2 2013

The select top industrial lease signed during the second quarter of 2013 in the Inland Empire market was at DCT Slover Logistics Center II in the East San Bernardino submarket. Distribution Alternatives, Inc. leased 610,120 square feet there, represented by The Davdidson Companies, Inc. Lee & Associates represented the landlord. Minka Group leased 354,810 square feet on San Michele Rd. in the Riverside submarket. Colliers International represented...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Industrial-Leases-Signed-in-Q2-2013/152415?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Industrial-Leases-Signed-in-Q2-2013/152415&src=rss

CoStar's People of Note (Sept. 8 - 14)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Chicago, Columbus, Las Vegas, New York City, Phoenix, South Florida, Houston, San Diego, Philadelphia, Orange County, and Long Island. WASHINGTON DC Carlyle Group Names Former GGP CEO as Head of Int'l Real Estate By Tim Trainor

Troy Jenkins Joins Profit Investments

LOS ANGELES-Troy Jenkins, former CBRE investment portfolio manager, signs onto lead Profit Investments new real estate investment program, reports GlobeSt.com in this UPDATE to a previous story.

via Los Angeles http://www.globest.com/news/12_691/losangeles/employment/Troy-Jenkins-Joins-Profit-Investments-337586.html

Denver Firm Financing Land Acquistion for SoCal Residential Development

SAN GABRIEL, CA-JCR has just closed a $30 million equity joint venture, and acquired tracts for 133 homes.

via Los Angeles http://www.globest.com/news/12_691/west/multifamily/Denver-Firm-Financing-Land-Acquistion-for-SoCal-Residential-Development-337580.html

CoStar's People of Note (Sept. 8 - 14)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Chicago, Columbus, Las Vegas, New York City, Phoenix, South Florida, Houston, San Diego, Philadelphia, Orange County, and Long Island. WASHINGTON DC Carlyle Group Names Former GGP CEO as Head of Int'l Real Estate By Tim Trainor

BentleyForbes Names Jeff Warwick as CEO

LOS ANGELES-Real estate investment firm BentleyForbes appoints the former Portman Holdings managing director of US investments Jeff Warwick to CEO and managing partner, as reported in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_691/losangeles/employment/BentleyForbes-Names-Jeff-Warwick-as-New-CEO-337528.html

The Women of the West

While the latest issue of Real Estate Forum highlights women from around the nation, the following individuals are the top 12 chosen from the west coast for the latest annual Women of Influence feature.

via Los Angeles http://www.globest.com/news/12_691/west/employment/The-Women-of-the-West-337504.html

Barnett Joins Voit

Ivette Barnett has joined Voit Real Estate Services as a director of real estate management services. In her new role, Barnett will focus on management, leasing teams, and developing new business company-wide from the firm's Anaheim, Irvine and Inland Empire offices. Prior to Voit, Barnett spent 16 years at CBRE where she worked her way from real estate manager to director, with a focus on retail investment management and retail property management...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Barnett-Joins-Voit/152307?ref=/News/Article/Barnett-Joins-Voit/152307&src=rss

Forest City, QIC Complete Mall Joint Ventures

Forest City Enterprises, Inc., (NYSE:FCEA and FCEB) has completed and partially closed joint ventures with QIC, one of Australia's largest institutional investment managers, on eight Forest City regional malls. The agreements call for QIC, established in 1991 by the Queensland government to manage its long-term investments, to recapitalize and invest in Forest City's mall portfolio. Seven of the JVs closed on Sept. 10 and the eighth is expected...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Forest-City-QIC-Complete-Mall-Joint-Ventures/152299?ref=/News/Article/Forest-City-QIC-Complete-Mall-Joint-Ventures/152299&src=rss

Woodland Hills Shopping Center Sails

LOS ANGELES-Paragon Commercial Group acquires the Woodland Hills Shopping Center for an undisclosed sum in an off-market transaction.

via Los Angeles http://www.globest.com/news/12_690/losangeles/retail/Paragon-Commercial-Group-Scores-Woodland-Hills-Shopping-Center-337512.html

Barnett Joins Voit

Ivette Barnett has joined Voit Real Estate Services as a director of real estate management services. In her new role, Barnett will focus on management, leasing teams, and developing new business company-wide from the firm's Anaheim, Irvine and Inland Empire offices. Prior to Voit, Barnett spent 16 years at CBRE where she worked her way from real estate manager to director, with a focus on retail investment management and retail property management...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Barnett-Joins-Voit/152307?ref=/News/Article/Barnett-Joins-Voit/152307&src=rss

Matthew Levy Joins The Laramar Group

LOS ANGELES-The Laramar Group names Matthew Levy, formerly of Frost/Chaddock Developers LLC, as its new VP of acquisitions.

via Los Angeles http://www.globest.com/news/12_690/losangeles/employment/Matthew-Levy-Joins-The-Laramar-Group-337477.html

Forest City, QIC Complete Mall Joint Ventures

Forest City Enterprises, Inc., (NYSE:FCEA and FCEB) has completed and partially closed joint ventures with QIC, one of Australia's largest institutional investment managers, on eight Forest City regional malls. The agreements call for QIC, established in 1991 by the Queensland government to manage its long-term investments, to recapitalize and invest in Forest City's mall portfolio. Seven of the JVs closed on Sept. 10 and the eighth is expected...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Forest-City-QIC-Complete-Mall-Joint-Ventures/152299?ref=/News/Article/Forest-City-QIC-Complete-Mall-Joint-Ventures/152299&src=rss

Riverbrook Apts Sold for $3.1M

A private investor purchased the Riverbrook Apartments at 1970 7th St. in Riverside, CA for $3.1 million, or about $38,000 per unit, from B.C. Dage, Inc. Built in 1979, the three-story multifamily building totals around 29,900 square feet on 1.1 acres located at the southwest corner of 7th St and Dwight Ave. The property consists of 36 one-bedroom and 45 studio units. The asset was 20 percent vacant at the time of sale. Alex Garcia of Marcus...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Riverbrook-Apts-Sold-for-$31M/152052?ref=/News/Article/Riverbrook-Apts-Sold-for-$31M/152052&src=rss

Pep Boys Acquires 17 Tire Centers in So Cal

Pep Boys (NYSE: PBY) has acquired 17 discount tire centers spread across Southern California from AKH Company, Inc. The service and tire centers will re-open on September 12 as Pep Boys stores, providing full-service vehicle maintenance and repair, including brand name and private-label tires. The nation's leading automotive aftermarket service and retail chain was founded in 1921 and has grown to 750 locations in 35 states, including 150 in California...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Pep-Boys-Acquires-17-Tire-Centers-in-So-Cal/152164?ref=/News/Article/Pep-Boys-Acquires-17-Tire-Centers-in-So-Cal/152164&src=rss

CoStar's People of Note (Sept. 1 - 7)

This week's People of Note includes the following markets: South Florida, Dallas, Northern New Jersey, Indianapolis, San Francisco, New York City, Jacksonville, Portland, Tampa, Greenville, Los Angeles, Chicago, and Phoenix. TAMPA AY Acquires Tampa CRE Firm By Justin Sumner Avison Young has acquired Tampa, FL-based Lane Witherspoon & Carswell Commercial Real Estate Advisors and its sister com



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-Sept-1-7/152094?ref=/News/Article/CoStars-People-of-Note-Sept-1-7/152094&src=rss

Market Trend: Select Top Three Inland Empire Retail Leases Signed in Q2 2013

The select top retail lease signed during the second quarter of 2013 in the Inland Empire market was at Waring Plaza in the Coachella Valley submarket. Capital Realty, Inc. represented the landlord in a 50,000-square-foot lease there, while Western Retail Advisors represented the tenant. Vons renewed its 43,615-square-foot lease in a direct deal at Palms to Pines West in the Coachella Valley submarket. Staples leased 30,087 square feet at...



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-Retail-Leases-Signed-in-Q2-2013/152131?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Retail-Leases-Signed-in-Q2-2013/152131&src=rss

Produce Distributor Renews Lease for $26M

SANTA FE SPRINGS, CA–LA Specialty Produce renews lease for $26 million with an expansion that will grow the company’s distribution and warehouse space by 30%, Colliers International reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_689/losangeles/industrial/Produce-Distributor-Renews-Lease-for-26M-337465.html

Riverbrook Apts Sold for $3.1M

A private investor purchased the Riverbrook Apartments at 1970 7th St. in Riverside, CA for $3.1 million, or about $38,000 per unit, from B.C. Dage, Inc. Built in 1979, the three-story multifamily building totals around 29,900 square feet on 1.1 acres located at the southwest corner of 7th St and Dwight Ave. The property consists of 36 one-bedroom and 45 studio units. The asset was 20 percent vacant at the time of sale. Alex Garcia of Marcus...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverbrook-Apts-Sold-for-$31M/152052?ref=/News/Article/Riverbrook-Apts-Sold-for-$31M/152052&src=rss

Tech Cluster Competes with Largest Markets

LOS ANGELES-Los Angeles didn't make the top five markets for tech talent, but CBRE senior research analyst John Vitou explains why it is still a major tech-talent market in this UPDATE to an earlier story.

via Los Angeles http://www.globest.com/news/12_689/losangeles/technology/Tech-Cluster-Competes-with-Largest-Markets-337446.html

Hackman Scoops Up Remaining Hostess Assets

LOS ANGELES-The 140 properties, mainly industrial, traded for a bargain-basement $20 per square foot at auction, according to the Wall Street Journal; Hackman Capital plans to liquidate all of them.

via Los Angeles http://www.globest.com/news/12_688/national/industrial/Hackman-Scoops-Up-Remaining-Hostess-Assets-337422.html

4Q Employment Gains Benefit Office Market

LOS ANGELES-Voit VP of market research Jerry Holdner reveals positive predictions for the fourth quarter due to employment gains, in this UPDATE to an earlier story.

via Los Angeles http://www.globest.com/news/12_688/losangeles/office/4Q-Employment-Gains-Benefit-Office-Market-337415.html

Outpatient Facility Sells for $54M

LOS ANGELES-Montecito Medical secures credit tenant lease for the acquisition of a 51,342-square-foot outpatient treatment facility and locks in a 29-year lease with the Regents of the University of California.

via Los Angeles http://www.globest.com/news/12_688/losangeles/medical_office/Montecito-Medical-Snags-Outpatient-Facility-for-54M-337402.html

Pep Boys Acquires 17 Tire Centers in So Cal

Pep Boys (NYSE: PBY) has acquired 17 discount tire centers spread across Southern California from AKH Company, Inc. The service and tire centers will re-open on September 12 as Pep Boys stores, providing full-service vehicle maintenance and repair, including brand name and private-label tires. The nation's leading automotive aftermarket service and retail chain was founded in 1921 and has grown to 750 locations in 35 states, including 150 in California...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Pep-Boys-Acquires-17-Tire-Centers-in-So-Cal/152164?ref=/News/Article/Pep-Boys-Acquires-17-Tire-Centers-in-So-Cal/152164&src=rss

Allen Matkins Enlists Douglas T. Lane

LOS ANGELES-Real estate and business law firm Allen Matkins adds attorney Douglas T. Lane to its Century City practice.

via Los Angeles http://www.globest.com/news/12_687/losangeles/employment/Allen-Matkins-Enlists-Douglas-T-Lane-337376.html

Interest Rates Pressure Multifamily Prices

LOS ANGELES-StarPoint Properties president and CEO Paul Daneshrad sits down with GlobeSt.com to discuss multifamily investing, rising interest rates and predictions for 2014.

via Los Angeles http://www.globest.com/news/12_687/losangeles/multifamily/Interest-Rates-Pressure-Multifamily-Prices-337339.html

Market Trend: Select Top Three Inland Empire Retail Leases Signed in Q2 2013

The select top retail lease signed during the second quarter of 2013 in the Inland Empire market was at Waring Plaza in the Coachella Valley submarket. Capital Realty, Inc. represented the landlord in a 50,000-square-foot lease there, while Western Retail Advisors represented the tenant. Vons renewed its 43,615-square-foot lease in a direct deal at Palms to Pines West in the Coachella Valley submarket. Staples leased 30,087 square feet at...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Retail-Leases-Signed-in-Q2-2013/152131?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Retail-Leases-Signed-in-Q2-2013/152131&src=rss

Allen Matkins Names New Senior Counsel

LOS ANGELES-Real estate and business law firm Allen Matkins promotes six of its current associates to the position of senior counsel.

via Los Angeles http://www.globest.com/news/12_686/losangeles/employment/Allen-Matkins-Names-New-Senior-Counsel-337329.html

CoStar's People of Note (Sept. 1 - 7)

This week's People of Note includes the following markets: South Florida, Dallas, Northern New Jersey, Indianapolis, San Francisco, New York City, Jacksonville, Portland, Tampa, Greenville, Los Angeles, Chicago, and Phoenix. SOUTH FLORIDA Ross Appointed to CFO at Trade Street By Justin Sumner Trade Street Residential, Inc., an owner and operator of apartment communities across the southeastern US, has appoi



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-Sept-1-7/152094?ref=/News/Article/CoStars-People-of-Note-Sept-1-7/152094&src=rss

Kennedy Wilson and Partner Drop $388M for UK Retail Portfolio

BEVERLY HILLS, CA and the UK-Eight properties include leading retail tenants like Marks & Spencer, Asda, and River Island.

via Los Angeles http://www.globest.com/news/12_686/international/Kennedy-Wilson-and-Partner-Drop-388M-for-UK-Retail-Portfolio-337300.html

The Laramar Group Gains 7,000 Units

LOS ANGELES-The Laramar Group acquires JB Partners Group, gaining five new properties and adding 7,000 units to its property management portfolio.

via Los Angeles http://www.globest.com/news/12_686/losangeles/acquisitions_dispositions/The-Laramar-Group-Gains-7000-Units-337303.html

84% LTV Financing for Distressed Retail?

LOS ANGELES-In spite of negative attributes, in this EXCLUSIVE look behind the deal, a downtown L.A. retail property that was 45% occupied convinced a lender to take it on.

via Los Angeles http://www.globest.com/news/12_686/losangeles/retail/84-LTV-Financing-for-Distressed-Retail-337270.html

Solar Carports Set to Generate 500KW

LOS ANGELES-SolarWorld, the largest US solar manufacturer, begins building four solar carports in Thousand Oaks with the ability to generate more than 500 kilowatts of power.

via Los Angeles http://www.globest.com/news/12_685/losangeles/development/Solar-Carports-Set-to-Generate-500KW-337276.html

Kennedy Wilson Snags $45M Class-A Building

LOS ANGELES-Kennedy Wilson with Pacific Western Bank acquires a class-A office building in North Hollywood on Lankershim Blvd. for $45 million.

via Los Angeles http://www.globest.com/news/12_685/losangeles/acquisitions_dispositions/Kennedy-Wilson-Acquires-Class-A-Building-for-45M-337246.html

CBRE Senior VP Joins Transwestern

LOS ANGELES-GlobeSt.com learns exclusively that David Henry, a former CBRE senior VP, joins Transwestern as managing director of the tenant advisory services group in the firm’s west coast and international markets.

via Los Angeles http://www.globest.com/news/12_684/losangeles/employment/CBRE-Senior-VP-Joins-Transwestern-337222.html

Beverly Hills' New Sustainable Retail

LOS ANGELES-The City of Beverly Hills approves permits for a sustainable Greek yogurt franchise, GoGreek Yogurt, built and designed by Modman Enterprises on N. Bedford Dr.

via Los Angeles http://www.globest.com/news/12_684/losangeles/retail/Beverly-Hills-New-Sustainable-Retail-337202.html

SummerHill Expanding in SoCal

SummerHill Apartment Communities has hired multifamily industry veteran Patrick S. Simons as senior vice president. In his new role, Simons will lead the firm's new Southern California division to be located in Irvine, CA. A division of San Ramon, CA-based SummerHill Housing Group, the company plans to grow its development pipline to more than 1,000 units within the next three years. The company hopes to replicate its sucess in Northern California...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/SummerHill-Expanding-in-SoCal/151950?ref=/News/Article/SummerHill-Expanding-in-SoCal/151950&src=rss

HNTB Pioneers Stakeholder Model

LOS ANGELES-An innovative construction model with stakeholder involvement allowed HNTB to complete the $20.5 million rehabilitation of Van Nuys Airport’s primary runway in an aggressive 10-day and 26-night construction period.

via Los Angeles http://www.globest.com/news/12_683/losangeles/development/HNTB-Pioneers-Stakeholder-Model-337181.html

McCourt Partners Makes Big Debut in NYC

NEW YORK CITY-The Los Angeles-based firm snaps up a sizeable parcel near Hudson Yards for more than $160 million.

via Los Angeles http://www.globest.com/news/12_683/newyork/acquisitions_dispositions/McCourt-Partners-Makes-Big-Debut-in-NYC-337174.html

SummerHill Expanding in SoCal

SummerHill Apartment Communities has hired multifamily industry veteran Patrick S. Simons as senior vice president. In his new role, Simons will lead the firm's new Southern California division to be located in Irvine, CA. A division of San Ramon, CA-based SummerHill Housing Group, the company plans to grow its development pipline to more than 1,000 units within the next three years. The company hopes to replicate its sucess in Northern California...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/SummerHill-Expanding-in-SoCal/151950?ref=/News/Article/SummerHill-Expanding-in-SoCal/151950&src=rss