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The Recording Academy Signs 15-Year Lease
From: www.costar.com
"The Recording Academy leased the 66,899-square-foot building at 3030 Olympic Blvd. in Santa Monica. The exterior of the new building was finished in March. The Academy is working with an architect to finish the interior for a March 2009 move-in.
The..."
CoStar's Daily Deals of Note for Wednesday
From: www.costar.com
"DALLAS/FT. WORTH
Cannon Pays $300M for Galleria Towers in Dallas
by Andrew C. Burr
Cannon Commercial Inc. has paid more than $300 million to New York-based Fortis Property Group for Galleria Dallas, a trio of office high-rises totaling 1.4 million..."
Armenian Christian School Buys Bienvenidos Children's Center
From: www.costar.com
"Janet Schulman and Matthew Rayer of Bienvenidos Children's Center Inc, sold its foster-children's home at 183-205 E Palm St. in Altadena, CA to new owner-user Shahe Garabedian, principal of the Sahag-Mesrob Armenian Christian School.
The property was..."
Orchid Park Nursery Sells for $2.8 Mil
From: www.costar.com
"Kyung S & Woo Seung Chung purchased the property known as Orchid Park Nursery, at 2801-2929 Etting Rd. in Oxnard, CA. Total consideration for the sale was approximately $2.8 million, or about $623/square foot.
The property is a nursery with a 4,500..."
Smith Family Trust Sells Retail Building in Long Beach
From: www.costar.com
"The Redevelopment Agency of Long Beach acquired a retail building in Long Beach, at 240 Long Beach Blvd, for $2.85 million, or approximately $238 per square foot.
Built in 1924, this 12,000-square-foot, single tenant, storefront building is in the..."
Gem Properties Purchases Industrial Buildings
From: www.costar.com
"Gem Properties purchased three industrial properties on Griffith Street in Carson, California. The buildings at 101, 111 and 125 W. Griffith Street sold for $8 million or $104.63 per square foot.
The three properties total approximately 76,462 square..."
700 East Harrison LP Purchase 2 Pomona Bldgs. for $7.6 Mil
From: www.costar.com
"700 East Harrison LP purchased the flex building at 2887 N Towne Ave. and the industrial at 700 E Harrison Ave. in Pomona, CA. Harrison Street LLC sold both properties for $7.6 million, or about $72.46 per square foot.
The property at 2887 N Towne..."
East San Fernando Valley Industrial Building Sells for $3.11 Mil
From: www.costar.com
"9001 Glenoaks LLC acquired the 22,050-square-foot industrial building at 9001 Glenoaks Boulevard for $3.11 million or about $141 per square foot. The property is in the East San Fernando Valley Industrial submarket & is on a 37,658-square-foot lot. Built..."
Storm Properties Erects New Business Park Phase
From: www.costar.com
"Storm Business Parks will conduct its wall tilt on multi-tenant Buildings 1, 2 and 3 of its Storm Industrial Park in Torrance. The 10-building project, commenced back in May 2007. Located on a 40-acre land parcel, the project is currently undergoing its..."
IM Builders Delivers North Hollywood Storefront Retail/Office
From: www.costar.com
"IM Builders completed the 15,762-square-foot two-story retail/office center at 6005 Vineland Ave in North Hollywood, CA.
Situated on the signalized northwest corner of Vineland Avenue and Oxnard Street, the center is 61% leased. Tenants include Subway..."

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