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Commerce Pointe Bldg. 12 Sells for $6.67 Mil.
From: www.costar.com
"King Brothers Industries acquired 29101 The Old Road - Bldg 12 at Commerce Pointe for $6.67 million, or about $89 per square foot.
The property consists of a 75,055-square-foot industrial building, of which 6,246 square feet is office space. Some of..."
Reading Completes $69.3M Acquisition of Leasehold Interests in 15 Movie Theatres
From: www.costar.com
"Los Angeles, CA-based Reading International, (AMEX:RDI) recently closed on the acquisition of leasehold interests in 15 cinemas, containing 181 screens, from West Hollywood, CA-based Pacific Theatres Corp. for $69.3 million. Reading is an owner, operator..."
Nolaci Realty Acquires Culver City Office for $29.5 Mil.
From: www.costar.com
"Pacifica Real Estate Group and BP Commerce LLC sold The Promontory, a 111,067-square-foot office building, to Nolaci Realty Inc. NV for $29.5 million, or $265.61 per square foot. This property is at 5901 Green Valley Circle in Culver City.
The property..."
The Oasis Multifamily Complex Sells for $6.8 Mil.
From: www.costar.com
"A and M Oasis LLC, also known as Milan Properties, acquired a 66-unit apartment building at 13605 S. Vermont Ave. in Gardena from Gardena Oasis Apartments LLC for $6.8 million, or $103,030 per unit.
Built in 1962, the two-story property totals 37,494..."
Adjacent Whittier Multifamily Buildings Sells for $6.385 Mil.
From: www.costar.com
"Located at 14035 Coteau Drive, Heritage Manor & Villas and 14049-14057 Coteau Drive, L'Abri Apartments, the properties sold fully occupied. Mark LeWinter, CPA, purchased the properties from Christopher Rodenfels in a direct sale, with no deferred maintenance..."
CoStar's People of Note for Friday
From: www.costar.com
"Time to update those contact managers with CoStar's People of Note for Friday, April 4, delivering news of recent promotions and new hires at the following companies: Jones Lang LaSalle, Savills Granite, Colliers International, Marcus & Millichap and..."
Faris Lee Completes Fourth Sale in the $45M Break-Up and Pre-Sale of California Shopping Center
From: www.costar.com
"Irvine, CA-based advisory and brokerage firm, Faris Lee Investments, completed the fourth sale of property involved in a $45 million five-part break-up and pre-sale strategy to sell Centre Pointe Marketplace, a 104,000-square-foot community shopping center..."
Watch List (March 31-April 5): Delinquencies Up; Macklowe Wins 1-Year Reprieve
From: www.costar.com
"In this week s issue: loan delinquencies ticked up on weakness in multifamily, retail and hotel properties; and Macklowe debt seems to be holding up as an investment based on a one-year extension the NY developer has received. Plus, we give you the latest..."
Facility Closures and Layoffs (March 31-April 5)
From: www.costar.com
"This report is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.
The Federal Reserve Banks moved up the planned closing of several of its check processing..."
Business Expansions, Relocations (March 31-April 5)
From: www.costar.com
"Aetna Life Insurance Co. signed a seven-year lease for 41,766 square feet at 3 Independence Way in South Brunswick, NJ. Aetna will occupy space on the third and fourth floors. Jonathan Meisel of Jones Lang LaSalle represented Aetna in the lease, while..."
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