Wilson, a global real estate investment and services firm, announced today that it has represented the landlord in one of the largest restaurant leases in Downtown Los Angeles this year, bringing the ground-floor retail space at mixed-use development 1000 Grand by Windsor to 100 percent occupancy. Kennedy Wilson’s Lee Shapiro, executive vice president of brokerage, and Justin Weiss, vice president of brokerage, were the exclusive leasing agents for the retail portion. The duo secured a 10-year, 5,210-square-foot lease with Genwa, a high-end Korean barbeque restaurant with two other locations in Los Angeles
Capital Pacific, a leading retail investment brokerage firm, recently brokered the sale of a 1,776 square foot Starbucks drive-thru in Greensboro, NC. This was the second time that Joe Caccamo of Capital Pacific has sold the asset. He first sold it in 2006 on behalf of the original developer. The property just sold again for $1,784,879 to a California-based investor.
Global real estate investment company Kennedy Wilson represented both the buyer and seller in the $16 million sale of a prime, mixed-use complex located at the corner of 11th Street and Wilshire Boulevard in the heart of Santa Monica. The approximately 23,500-square foot, retail and multifamily property was purchased by 11th and Wilshire, LLC. The seller was Paragon Properties.
Jordan Rubinstein and David Pressberg, two influential commercial real estate professionals in Los Angeles, have joined the brokerage team at Kennedy Wilson, a global real estate investment company. Previously with Century Park Realty, the move expands Kennedy Wilson’s foothold on the tenant representation side, and lengthens the firm’s list of nationally recognized clientele and expanding brands. The team will relocate to Kennedy Wilson headquarters in Beverly Hills.
Kennedy Wilson Represents Seller in Approximately $37 Million Sale of Historic San Fernando Building...
Global real estate investment company Kennedy Wilson has represented the seller in the approximately $37 million sale of the San Fernando Building in the Old Bank District section of the Historic Core in Downtown Los Angeles. Originally built in 1907 as one of the city’s most coveted office buildings, the approximately 89,500-square-foot building was remodeled in 2000 to accommodate 70 large, loft-style multifamily units in addition to approximately 11,500 square feet of ground floor retail and restaurant space. The seller was Los Angeles-based Gilmore Associates and the buyer is MWest Holdings.
In a move that further revolutionizes its online real estate selling experience, Auction.com, LLC, the nation’s leading online real estate marketplace, today announces the launch of its Commercial Real Estate Seller Dashboard, a new tool created specifically to provide added intelligence and simplify the user experience for Auction.com customers.
Dekel Capital Arranges $50 Million Financing for Development of 331-Unit Multifamily Property in Salt...
Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI)
In a market that is flooded with capital for large acquisitions, Rosano Partners, a firm that specializes in urban commercial real estate, is proving that multifamily lending has also re-emerged in niche, urban markets.
This year the State of California has mandated that properties cut water usage by at least 20-percent – a large undertaking for some companies and brands that might have to make major overhauls to landscaping and water usage in prospective properties. Unire Real Estate Group, with its more than 35-million square feet of managed property, has been working diligently with tenants, clients and landscapers to develop and implement new watering strategies, as well as replace existing planting with drought
Smart & Final Extra!, a new concept store by Smart & Final that expands the space and services of the company’s brand, has signed a long-term, $13.9 million lease for 42,200 square feet in the Lemon Grove Plaza, located at 2021 N. Oxnard Blvd., Oxnard.
Unire Real Estate Group is proud to announce its management of the rehabilitation of a 228,000-square-foot industrial building in Torrance, Calif. on the highly visible intersection of South Vermont Avenue and Knox Street, near the 110 and 405-freeways. Under Unire Group’s management, contractor Norm Wilson and Sons will remove approximately 25,000 square feet of usable space off the rear of the building, creating an additional 12 dock doors from 20-32.
Liberty SBF, a full-service commercial real estate finance company, recently provided a $1.1MM first lien SBA 504 Loan from its own balance sheet for the acquisition of a 24-room, 33,330 square-foot, non-flagged hotel in Palm Springs, CA. Liberty SBF also provided an interim second lien loan so the borrowers could quickly close while waiting for the second lien that will be provided by a Long Beach, CA-based Certified Development Company (CDC).
Lee & Associates-North San Diego County negotiated a $5.450 million sale and lease back of a 50,220-square-foot industrial building located at 495 Enterprise Street in San Marcos
The Ontario office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has announced that Jonathan Selznick, a retail investment specialist who focuses on the acquisition and disposition of shopping centers in Southern California, has joined its office in Ontario
Unire Real Estate Group is proud to announce it celebrates 15 years in business this year, marking what founder and president Mark Harryman thinks will be its most successful year yet. With a team of dedicated colleagues, Unire Group has grown from managing 1-million square feet in 2000 to more than 35-million square feet in the beginning of 2015, adding more than six million square feet to its portfolio last year
LOS ANGELES, Calif. - July 2, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2 million sale of a fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica, Calif
National Association of Counties (NACo) Awards 2014 Achievement Award to County of San Bernardino...
SAN BERNARDINO COUNTY, CA - June 17, 2014 - (RealEstateRama) -- The County of San Bernardino Economic Development Agency was awarded the 2014 Achievement Award in the category of Community/Economic Development by the National Association of Counties (NACo) for its State of the County Event. All told, the County of San Bernardino received 31 Achievement Awards from NACo this year for its innovative programs and services, including top honors for the Countywide Vision as well as the State of the County event, which promotes the Vision
LOS ANGELES, Calif. - June 17, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed two multifamily property sales totaling $4.7 million in West Hollywood. The sales include; a 10-unit property that sold for $3.3 million and is located near Fountain Ave. and W. La Brea Blvd. at 1220 N. Formosa Ave; and a five-unit property that sold for $1.4 million and is located just north of Santa Monica Blvd. at 1231-1235 N. Vista St
LOS ANGELES - March 25, 2014 - (RealEstateRama) -- Global real estate investment and services company Kennedy Wilson has announced the opening of OAK NYC, a subsidiary of American Apparel, in downtown Los Angeles. Kennedy Wilson brokered the landmark deal for the cutting-edge retail tenant, which signed a five-year lease at The Sparkle Factory, a seven-story retail and creative space that serves as the international headquarters for Tarina Tarantino’s world renowned jewelry line
MONTEBELLO, Calif. - March 18, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered a $7.5 million industrial sale in Montebello, Calif.