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CoStar's Retail News Roundup: June 8 to 14, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Bob Evans and Mimi's Caf , Cr me de la Cr me, Dick's Sporting Goods, WingHouse and Blue Sage Caf ; new retail developments in TX, IL, PA and CA; acquisition, merger, loan..."
CoStar's Daily Deals of Note for Monday
From: www.costar.com
"LOS ANGELES
L.A. Investor Buys Century Plaza Hotel for $366.5M
by Randyl Drummer
A group headed by Los Angeles real estate investor Michael Rosenfeld has acquired the Century Plaza Hotel -- a '60s-era landmark and lodging for several U.S. presidents..."
20,000-SF Retail Center Sells For $6.85M
From: www.costar.com
"Kwon Joon and Myung Won Choi acquired a 20,728-square-foot retail center at 9500-9526 Sepulveda Blvd. in Los Angeles for $6.85 million, or about $330.47 per square foot. The seller's capitalization rate was 5.20% and the buyer's capitalization rate was..."
1010 Glendale Square Sells for $19.5M
From: www.costar.com
"Glendale Square Holdings LLC acquired 1010 Glendale Square, a 46,196-square-foot shopping center in Glendale, CA from Glendale Square LLC for $19.5 million, or about $422 per square foot.
The property on 2.28 acres was constructed in 1994. It features..."
10-Unit Apartment Complex Sells for $3M
From: www.costar.com
"RNR Properties LLC sold a 10-unit multifamily property at 827 3rd St. in Santa Monica, CA, to Seizer Properties LLC, care of Jack Seizer. The final sale price was $3 million or $300,000 per unit.
Built in 1958, the property is situated on 0.17 acres..."
34,000-SF Industrial Bldg Sells for $2.7 in Inglewood
From: www.costar.com
"626 North La Brea Avenue LLC acquired a 34,801-square-foot industrial building located at 622-626 N. La Brea Ave. in Inglewood for $2.7 million or about $77.58 per square foot.
Built in 1940, the property features a main warehouse at 27,958 square..."
Hermosa Courtyard Sells For $7.55 Million
From: www.costar.com
"Bolour & Associates, taking title as Hermosa Pier LLC, purchased the 15,075-square-foot storefront retail center at 1332 Hermosa Ave. in Hermosa Beach from the private trust Hermosa Courtyard LLC.
The sale price was $7.55 million or about $500 per..."
Borla Sells 5901 Edison Drive Facility for $5.75M
From: www.costar.com
"Port Hueneme Oxnard Harbor District purchased 5901 Edison Drive in Oxnard, CA, from Borla Performance Industries for $5.75 million, or approximately $113 per square foot.
The 50,960-square-foot industrial property is located near Port Hueneme and..."
Property Finance (June 1-7): Getting a Piece of Bank Asset Sales
From: www.costar.com
"In this week's issue:
Look for more and more banks to outsource their loan sales;
JPMorgan agrees to let Indalex sell and leaseback more assets;
Plus we give you new property finance deals a valuable leads list of loans maturing in the next 12 months..."
Watch List (June 1-7): Dealing with Troubled Loans
From: www.costar.com
"In this week s issue:
BRT Realty deals with its default portfolio;
A loan on a Danbury, CT, office building goes to auction;
The economy is taking a toll on toll roads;
Plus, we give you the latest properties on the Watch List..
(EDITOR'S NOTE..."
Proactive tax planning to take advantage of timely tax saving opportunities.
Comprehensive business services that integrate income tax compliance
and planning with investments and insurance choices.
Consulting services that review businesses to find hidden opportunities to
increase wealth accumulation and retention.
Foreign investor tax services.
Individualized accounting system setup for new businesses.
State of the art payroll tax services and sales tax preparation.
Preparation of business and individual tax returns and financial
statements.
Budgeting and projection preparation and monitoring, facilitating the
creation and tracking of events.
Assistance in selection and installation of computer hardware and
software, ongoing monitoring and updating of systems.
