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Investor Trades Van Nuys Industrials for $3.2M
From: www.costar.com
"Lieser Holdings LP sold two industrial buildings totaling 54,810 square feet at 14558 and 14620 Keswick Street in Van Nuys, CA, to 14620 Keswick LLC. Total consideration for the sale was $3.2 million, or approximately $58 per square foot.
The buyer..."
CoStar's Daily Deals of Note for Tuesday
From: www.costar.com
"NATIONAL MARKETS
Home Depot Cuts 50 Stores in Pipeline, Plans Additional Closings
by Sasha Pardy
The Home Depot (NYSE: HD) updated its square footage growth plans as part of a strategic plan to improve cash flow, provide stronger returns for the..."
Flex Bldg. in Chatsworth Sells for $6.8 Million
From: www.costar.com
"Daryl Parker of Parker Industrial Properties sold the flex property at 20630 Nordhoff St. in Chatsworth, CA, to 20630 Nordhoff LLC. Total consideration for the sale was $6.8 million, or about $134.50 per square foot.
The buyer will occupy the 50,620..."
CoStar Salutes 2007 Los Angeles CoStar Power Broker Award Winners
From: www.costar.com
"This week, CoStar announced the winners of the 2007 CoStar Power Broker Awards, recognizing the achievement of top brokerage firms and individual brokers who closed the highest transaction volume in commercial property sales and leases in 2007.
Now..."
CoStar's Retail News Roundup: May 4 to 10, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Kohl's and Steve & Barry's; new retail developments in NY, MI, CA, FL, and TX; acquisition, merger, loan or sale activity at Hanley Investment Group, Centro Properties Group..."
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..."
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