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CoStar's Daily Deals of Note for Monday
From: www.costar.com
"NATIONAL MARKETS
Exxon Mobil Selling 820 Company-Owned Stations
by Sasha Pardy
Exxon Mobil Corp. is getting out of the consumer gas station business; at least operating stations directly. The gasoline magnate said yesterday it plans to sell off its..."
DAUM Commercial Names New Senior VP
From: www.costar.com
"Tom Festa has recently been hired as the new senior vice president at the Woodland Hills office of DAUM Commercial Real Estate. He will handle the leasing and sales of both R&D projects as well as office buildings.
Festa comes to DAUM Commercial with..."
Grubb & Ellis Names New Senior VP
From: www.costar.com
"Grubb & Ellis named leading downtown redevelopment specialist Ed Rosenthal, as senior vice president.
Rosenthal specializes in redevelopment opportunities for historic buildings in Downtown Los Angeles and selling land for redevelopment. He was previously..."
Hager Pacific Properties Picks Up 90,000 SF
From: www.costar.com
"Herring Investments LLC sold 711 S. Stimson Ave. in the City of Industry to Hager Pacific Properties for $3 million, or about $33.33 per square foot.
The industrial property consists of 2 separate buildings on a 3-acre parcel. The new owner plans..."
29K SF Retail Bldg Sold For $3.1M
From: www.costar.com
"454 S Catalina LLC, purchased 7350 N Figueroa St. in Los Angeles, CA for $3.1 million or approximately $105 per square foot. The property was acquired from the Alexander Family Trust. The buyer, doing business as Torres Construction, bought this facility..."
American Honda Motor Co. Sells Industrial Bldg for $5.1M
From: www.costar.com
"Matrix Property Management LLC, a private investment firm, purchased the 43,500 square-foot industrial building at 24900 Avenue Stanford in Valencia, CA. American Honda Motor Co., Inc. sold the property for $5.1 million or about $117 per-square-foot..."
Quik Pick Express, LLC Inks $2.02M Lease
From: www.costar.com
"Quik Pick Express, LLC, an existing tenant of Watson Land Company, will expand into Building 142 of the Watson Industrial Center. The 3-year, triple-net lease is valued at about $2.02 million, including escalations.
The Watson Industrial Center Building..."
North Hollywood Multi-Family Fetches $5.6M
From: www.costar.com
"Lankershim Apts, Inc. sold the two-story, 52-unit apartment complex at 11720 Runnymede St. in North Hollywood, CA. Hancock Park Exchange Inc. and 1995 Sherman Revocable Trust, purchased the property for $5.6 million, or about $107,692 per-unit.
The..."
Sylmar Self Storage Facility Sells for $7.5M
From: www.costar.com
"Extra Space Storage, Inc. purchased a converted warehouse building at 12360 Foothill Blvd in Sylmar from Monitronics, Inc. The property sold for $7.5 million, or approximately $95 per square foot.
Formerly a 40,000-square-foot warehouse, the building..."
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..."
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