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From: www.inman.com
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Pasadena Retail Sells for $3.3M
From: www.costar.com
"Ihab & Vivian Sultan purchased 1253 E. Colorado Blvd. in Pasadena from the estate of Joseph S. Stromei for $3.3 million, or about $397 per square foot. The new ownership will renovate the building and move their business, Danny's Furniture, to the location..."
CoStar's Daily Deals of Note for Wednesday
From: www.costar.com
"MANHATTAN
Virgin Megastore's NYC Locations Closing
by Sasha Pardy
Vornado Realty Trust and The Related Companies L.P., the two real estate companies that bought the U.S. Virgin Megastore chain last September, are rumored to be closing the two Virgin..."
Macerich Continues to Secure Tenants at The Oaks' Mall Expansion
From: www.costar.com
"Macerich continues to make progress on its 235,000-square-foot lifestyle center expansion to its 1.1 million-square-foot The Oaks mall in Thousand Oaks, CA.
A new 138,000-square-foot Nordstrom is on track to open on Sept. 5, 2008.
The latest tenant..."
CoStar's Retail News Roundup: June 15 to 21, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at First Watch, Ruby Tuesday, and Tweeter; new retail developments in NY, CA and AZ; acquisition, merger, loan or sale activity at ExxonMobil, Pier 1, Tanger, Restoration Hardware..."
$3.4M Multi-Property Sale in L.A.
From: www.costar.com
"Creative Environments of Hollywood acquired a 33,000-square-foot industrial building at 1745-59 Glendale Blvd. and the 7,789-square-foot adjacent parking lot at 2223 Aaron St. 1755 Glendale Partners LLC sold the two L. A. properties for $3.4 million.
The..."
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..."
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