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City of Commerce Industrial Building Sells for $3.15M
From: www.costar.com
"BW Enterprises, Inc. acquired the 30,000-square-foot industrial building at 6371 Randolph St. for $3.15 million, or $105 per square foot from the Anderson Family Trust.
The building was delivered vacant, and was not actively listed on the market..."
Blue Plumbing Co. Purchases Glendale Industrial Property for $3M
From: www.costar.com
"Lucien C & Sandra L Claude 1999 Trust sold the buildings at 1838-1842 Flower Street in Glendale to Blue Plumbin Co. for $3 million, or about $233 per square foot.
The property consists of a 9,350-square-foot office/warehouse building (1838-1840 Flower..."
Porter Ranch Shopping Center Sells for $26.15M
From: www.costar.com
"JH Real Estate Partners, Inc. purchased the Porter Ranch Shopping Center for $26.15 million, or about $675 per square foot, from a private investment group.
The 38,735-square-foot center at 19300-19338 Rinaldi Street in Porter Ranch features tenants..."
Grubb & Ellis Promotes Casillas to Assoc. VP
From: www.costar.com
"Grubb & Ellis (NYSE: GBE) has elevated J.C. Casillas to associate vice president and client services manager for Los Angeles County where he will continue to spearhead research operations for the firm and also be involved with regional and national projects..."
CoStar's Daily Deals of Note for Thursday
From: www.costar.com
"WASHINGTON, DC
Broadway Selling DC Office Bldg. for $182M
by Andrew Burr
Washington Real Estate Investment Trust (WRIT) is paying $182 million, or about $630 per square foot, to acquire the downtown Washington, DC, office building at 2445 M St. NW..."
Maguire Properties to Sell OC Assets; 3 Executives Resign
From: www.costar.com
"Maguire Properties, Inc. (NYSE: MPG) President/CEO Nelson C. Rising has begun a shakeup of the troubled Southern California office developer and landlord, announcing three executive departures and the planned sale of a key Orange County, CA development..."
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..."
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..."
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