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Cafe Owner Buys W. Sunset Bldg. for $1,090+ PSF
From: www.costar.com
"Fabio Conti, owner of The Fabiolus Cafe, an existing tenant, purchased 6266-6270 W. Sunset Blvd. in Los Angeles. Mohammad R. Vafaie Family Trust sold the three-tenant restaurant building for $4.5 million, or approximately $1,090.50 per square foot.
The..."
Sears Buys K-Mart Bldg. in Santa Paula for $7.4M
From: www.costar.com
"Sears Holdings Corp. purchased 895 Faulkner Road in Santa Paula, CA, from REDAFCO for $7.4 million, or about $104 per square foot.
The 71,254-square-foot retail building was constructed in 1991 on a 5.11-acre parcel. The single-story single-tenant..."
Group Sells Summer Gardens Apts. for $5.42M
From: www.costar.com
"Summer Gardens LLC sold the 97% leased, two-story, 25,360-squre-foot apartment complex at 816 S. Marguerita Ave. in Alhambra, CA, known as the Summer Gardens. Magna LLC acquired the property in an off-market transaction for $5.42 million, or approximately..."
Group Sells El Segundo Industrial Bldg. for $3.55M
From: www.costar.com
"An investment group led by Franklin D. and Michelle J. Woodward sold 215-233 California St. in El Segundo, CA, to Stuart Strickly and CRS LLC for $3.55 million, or about $288 per square foot.
The building features a gated property with power of 600..."
Varney Center in West Covina Sells for $3.7 Million
From: www.costar.com
"Pei Wen Chen purchased the three retail buildings that make up Varney Center at 400-450 N. Azusa Ave. in West Covina, CA. Varney Center Inc. sold the 33,363-square-foot property for $3.7 million, or approximately $111 per square foot.
Varney Center..."
CoStar's People of Note for Friday
From: www.costar.com
"ORANGE COUNTY, CA
Former Bears QB McNown Joins Thompson National Properties
by Michael Chavarria
Former NFL quarterback Cade McNown has joined Irvine, CA-based Thompson National Properties LLC (TNP) as senior vice president of investor development..."
Watch List (April 27-May 3): Filling the Need for Financing
From: www.costar.com
"In this week s issue:
-- Morgan Stanley, Goldman Sachs, Shorenstein, LaSalle, it seems everyone is raising money for distressed assets; and
-- Spring has sprung but housing continues to fall.
-- Plus, we give you the latest notices of facility closures..."
Facility Closures and Layoffs (April 27-May 3)
From: www.costar.com
"This article is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.
Graphic Packaging International Inc., plans to discontinue folding carton manufacturing at..."
Under Contract (April 27-May 3)
From: www.costar.com
"Roberts Realty Investors Inc. has contracted to sell its 403-unit Addison Place apartment community for $60 million. The sales price is equal to $148,883 per apartment unit or $102 per square foot. The company expects to close by June 30. Addison Place..."
Business Expansions, Relocations (April 27-May 3)
From: www.costar.com
"APS Healthcare Inc. leased 44,082 square feet of office space in the Westchester One building in White Plains, NY, where it will relocate its headquarters from Silver Spring, MD, this summer. Josh Kuriloff and Gregory V. Frisoli of Cushman and Wakefield..."
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