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From: www.inman.com
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Investors Trade 6 L.A. Multifamily Properties for $8M
From: www.costar.com
"Two Worlds Preservation LP purchased six multifamily properties in Los Angeles from Rao Yalamanchili of PR Properties LP and PI Properties No 19 LP for $8.16 million or $85,000 per unit.
The buyer used LA City second loans, and received low income..."
Investor Sells Sylmar Industrial Bldg. for $2.68M
From: www.costar.com
"Karen Hornberg of KH Enterprises LLC purchased the property at 12811 Foothill Blvd. in Sylmar, CA. Edward Cholakian of Edward Cholakian Jr. 2004 Trust sold the site for $2.68 million, or about $159.50 per square foot.
The property is a 16,800-square..."
Fountainhead Sells 2175 W. Rosecrans Ave. in Compton
From: www.costar.com
"Fountainhead Development sold a 15,969-square-foot retail building at 2175 W. Rosecrans Ave. in Compton, CA, to Ribiero Trust. Total consideration for the sale was $2.63 million, or approximately $164.50 per square foot.
The property was built last..."
CoStar's Daily Deals of Note for Tuesday
From: www.costar.com
"LOS ANGELES
Arden Realty Sells 3 Burbank Office Assets for $95M
by Michelle Sheahan
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..."
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..."
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..."
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