La Quinta Office Sells for $1M

A private investor purchased the office building at 51350 Desert Club Dr. in La Quinta, CA for $1,025,000, or about $172 per square foot, from Harbor Place LLC. Built in 1980 with renovations in 2008, the single-story office property totals 5,944 square feet on four-tenths of an acre located at the northeast corner of Desert Club Dr. and Calle Cadiz in the Village Commercial District, within walking distance of Old Town La Quinta. Lucas Coronel...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/La-Quinta-Office-Sells-for-$1M/147096?ref=/News/Article/La-Quinta-Office-Sells-for-$1M/147096&src=rss

Palm Springs Office Bldgs Trade for $1.6M

Chicago-based Kemper Corp. sold the two office buildings located at 1701-1733 N. Palm Canyon Blvd. in Palm Springs, CA to Solterra Development for $1.55 million, or about $92 per square foot. The buyer plans to occupy approximately 51 percent of the property, and lease out the remaining spaces. Built in 1972, the buildings total 16,870 square feet on about an acre located at the northwest corner of N. Palm Canyon Dr. and W. Vista Chino. John...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Palm-Springs-Office-Bldgs-Trade-for-$16M/146971?ref=/News/Article/Palm-Springs-Office-Bldgs-Trade-for-$16M/146971&src=rss

Palm Springs Office Bldgs Trade for $1.6M

Chicago-based Kemper Corp. sold the two office buildings located at 1701-1733 N. Palm Canyon Blvd. in Palm Springs, CA to Solterra Development for $1.55 million, or about $92 per square foot. The buyer plans to occupy approximately 51 percent of the property, and lease out the remaining spaces. Built in 1972, the buildings total 16,870 square feet on about an acre located at the northwest corner of N. Palm Canyon Dr. and W. Vista Chino. John...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Palm-Springs-Office-Bldgs-Trade-for-$16M/146971?ref=/News/Article/Palm-Springs-Office-Bldgs-Trade-for-$16M/146971&src=rss

Lincoln Property Co. Buys the Desmond

Overhaul of downtown Los Angeles building will target creative office/retail/restaurant space.

via Los Angeles http://www.globest.com/news/12_573/losangeles/acquisitions_dispositions/LINCOLN-PROPERTY-CO-ACQUIRES-THE-DESMOND-331653.html

Steadfast Makes SW Inroads With $61M Buy

BUDA, TX-In separate transactions, the Irvine, CA buyer adds the 264-unit Vantage at Buda Ranch and the 294-unit Deep Deuce at Bricktown in Oklahoma City to its portfolio.

via Los Angeles http://www.globest.com/news/12_573/austin/multifamily/Steadfast-Makes-SW-Inroads-With-61M-Buy-331623.html

Exclusive Interview with John Cona

LONG BEACH, CA-GlobeSt.com speaks exclusively with John Cona, founder and CEO of F9Analytics, about the firm’s new mobile leasing technology and how it is a game-changer for commercial real estate.

via Los Angeles http://www.globest.com/news/12_573/losangeles/leasing/Exclusive-Interview-with-John-Cona-331599.html

Expert: Land Is a Good Investment

LOS ANGELES-One panelist on RealShare L.A. says land is a value-add investment, and companies like Blackstone and Colony that are absorbing housing inventory are “good for the market.”

via Los Angeles http://www.globest.com/news/12_573/losangeles/acquisitions_dispositions/Expert-Land-Is-a-Good-Investment-331603.html