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CoStar's Retail News Roundup: Apr. 13 to 19, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Bed Bath & Beyond, Banana Republic, Pollo Campero, Christopher & Banks, Regal Cinemas and Rite Aid; new retail developments in MA and AZ; acquisition, merger, loan or sale..."
CoStar's Daily Deals of Note for Monday
From: www.costar.com
"DALLAS/FT. WORTH
Pier I Selling Corp. HQ Tower in Fort Worth
by Mark Heschmeyer
Pier 1 Imports Inc. agreed to sell its corporate headquarters in Fort Worth, TX, to a subsidiary of Chesapeake Energy Corp. The company has maintained its headquarters..."
Dave's Bakery Buys Gardena Industrial for $5M
From: www.costar.com
"Dave's Bakery purchased the approximately 38,000-square-foot industrial property at 13400-13424 S. Western Ave. in Gardena, CA. Jerry and Christine Chan sold the property for nearly $4.99 million, or about $131 per square foot.
Built in 2004, the..."
Motek Inks Sale-Leaseback Deal for Beverly Hills Office
From: www.costar.com
"DS Ventures LLC and the Paul Richard and Uta Enders Cipriano Trust acquired 113 N. San Vicente Blvd. in Beverly Hills for $8 million, or approximately $514.50 per square foot. The seller, Ann Price Co. LLC, leased back a portion of the building, doing..."
ORIX Purchases 52-Unit Multifamily in Van Nuys
From: www.costar.com
"ORIX Real Estate Capital Inc. acquired the Lake Apartments at 16550 Vanowen St. in Van Nuys, CA. Terraces at the Lake LLC sold the 52-unit property for $9.75 million or $187,500 per unit.
This complex is 41,099 square feet and was built in 1988. The..."
Arden Realty Sells 3 Burbank Office Assets for $95M
From: www.costar.com
"Arden Realty Inc. sold three office properties in Burbank, CA, to Kennedy-Wilson Properties Ltd. for $95.1 million or $291.25 per square foot.
The assets total 326,522 square feet and are at 303 N. Glenoaks Blvd., 333 N. Glenoaks Blvd. and 300 E. Magnolia..."
InterHealth Buys Facility in La Mirada
From: www.costar.com
"InterHealth Corp. purchased 12675 La Mirada Blvd. in La Mirada, CA, for $7.5 million, or approximately $153 per square foot, from recorded seller Bright Properties II Ltd. Medical Center of La Mirada occupied and owned the property. The verified sale..."
Alliance Completes $54M Sale of Mission-71 Bus. Park
From: www.costar.com
"Alliance Commercial Partners LLC sold three warehouse and distribution buildings in Pomona, CA, to KTR Capital Partners LP for $54 million, or roughly $68.50 per square foot.
The three buildings combine for a total of approximately 790,807 square..."
Strom Joins Ramsey-Shilling
From: www.costar.com
"Howard Strom, M.D., joined Ramsey-Shilling Commercial Real Estate Services as a commercial real estate broker. Strom was a corporate medical director for 20 years with ARCO (Atlantic Richfield Co.) and also headed a medical consulting service prior to..."
Group Sells 46-Acre Lot in Camarillo for $10.15M
From: www.costar.com
"Springville LLC purchased 46 acres at the southeast corner of West Ventura Boulevard and Bajo Aqua in Camarillo, CA, from a group of private investors for $10.15 million, or approximately $220,587 per acre.
The lot includes a total of four parcels..."
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