Lee & Associates Closes $2.5 Million Sale of Industrial Park
Torrance, CA - January 10, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, representing the seller, brokered a $2.5 million sale of the Edna Grandview Business Park, located at 525-601 E. Edna Park Place in Covina, Calif.
Westwood Financial Corp. Ends 2011 on High Note
Torrance, CA - January 10, 2012 - (RealEstateRama) -- Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., is reporting one of its most successful years in its 40-year history with more than $172 million in acquisitions and dispositions in 2011. In total WFC completed 67 transactions in 2011, including five core acquisitions, 10 value-add acquisitions, five core dispositions and 47 value-add dispositions. The transactions were in 24 states. Over the past two years Westwood Financial Corp. has closed 14 value-add transactions for $60 million and is actively looking to reach its $100 million goal. In addition, the Los Angeles-based firm had an increase in its shopping center portfolio, particularly in the Southeast, which brings its ownership and management of more than 100 shopping centers and retail properties in 24 metropolitan markets.
Lee & Associates Riverside Releases Q4 Industrial Market Summary
Torrance, CA - January 6, 2012 - (RealEstateRama) -- The Riverside office of Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has released its Fourth Quarter 2011 Industrial Market Summary for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire.
Michael Seiden Joins Pircher, Nichols & Meeks As Associate
Torrance, CA - January 5, 2012 - (RealEstateRama) -- Michael Seiden has joined the national real estate law firm Pircher, Nichols & Meeks in its Los Angeles office. Seiden is an addition to Pircher’s real estate department.
Coldwell Banker La Jolla Closes Record-Setting Home Sale in San Diego County
Torrance, CA - December 23, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage in La Jolla announced today the sale of the Razor House, an 11,000-square-foot architectural landmark that rests high above the Torrey Pines State Reserve. Sold by Coldwell Banker’s Laleh & Niloo Monshizadeh for an undisclosed amount, the property is the highest sale price in San Diego County in 2011, surpassing Coldwell Banker La Jolla’s previous high this year of $11.5 million for an oceanfront home sold in August.
Lee & Associates New Jersey Brokers $9.7 Million Lease
Torrance, CA - December 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed a 15-year, $9.7 million lease of the Expressway Corporate Center in Egg Harbor, New Jersey.
Lee & Associates Closes $6.2 Million Industrial Transaction
Torrance, CA - December 21, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed a $6.2 million sale of an industrial building at 4200 Mission Blvd. in Ontario, Calif.
Valley Performing Arts Center Honored for Design Excellence
Torrance, CA - December 20, 2011 - (RealEstateRama) -- The Valley Performing Arts Center (VPAC) at California State University-Northridge has won several recent design awards for architectural excellence. Designed by HGA Architects and Engineers, the Performing Arts Center received an AIA Minnesota Honor Award, an AIA Los Angeles Merit Award, an ENR California /McGraw-Hill Construction Award of Merit, and a Design Award in the Institutional Category by the Southern California Development Forum.
Lee & Associates Completes 36-Month Industrial Lease on Behalf of Investment Building Group
Torrance, CA - December 20, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 36-month lease for a 141,200 square-foot industrial space located at 1050 Orange Show Road, San Bernardino, Calf.
Straub C.W. Driver Joint Venture Wins $46 Million Project at Camp Pendleton
Torrance, CA - December 12, 2011 - (RealEstateRama) -- Following a joint venture established just under a year ago, San Diego-based general contractors Straub Construction and C.W. Driver have been awarded a $46.5 million contract for the design and construction of six new facilities, renovation of existing facilities, and infrastructure and site improvements to support the Truck Company Operations in the Margarita (33) Area of Camp Pendleton. Joining C.W. Driver and Straub Construction on the design-build project team are San Diego-based architectural firms RJC Architects and Gensler Architects. The expected date of completion of the Truck Company Complex is scheduled for September 2013.
Coldwell Banker Residential Team Ranked Among Top 30 in the Nation
Torrance, CA - December 12, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage’s The Harwood Group which operates out of its own office in the Village of Rancho Santa Fe has yet another accolade to stack onto its already impressive trophy case. The Harwood Group has been ranked 30th among the top real estate teams in the U.S. according to a new list by The Wall Street Journal/Real Trends, Inc.
2011 Casden Industrial and Office Real Estate Forecast
Torrance , CA - December 7, 2011 - (RealEstateRama) -- The University of Southern California Lusk Center for Real Estate’s (http://www.usc.edu/lusk) annual analysis of industrial and office real estate in Los Angeles County, Orange County and the Inland Empire shows signs of a slow market recovery.
California Board of Accountancy Elects Michael Savoy as Secretary/Treasurer
Torrance, CA - December 5, 2011 - (RealEstateRama) -- Less than a year after being appointed to the California Board of Accountancy (CBA) by then Gov. Arnold Schwarzenegger, Michael Savoy, managing director of Santa Monica-based Gumbiner Savett Inc., has been elected secretary/treasurer for 2012. In his new position, Savoy will perform a variety of duties that will help drive the organization forward and keep its finances in sound shape.
Mary Peralta Named Program Manager of the USC Ross Minority Program in Real Estate
Torrance, CA - November 30, 2011 - (RealEstateRama) -- The University of Southern California Ross Minority Program in Real Estate, a comprehensive continuing education program that trains real estate leaders in traditionally underserved communities, has appointed a new head of day-to-day operations.
Mountain Real Estate Group Opens New York Office
Torrance, CA - November 30, 2011 - (RealEstateRama) -- Mountain Real Estate Group (www.mountainregroup.com), a leading buyer of distressed bank assets and a private capital source for real estate developers, builders and operators, has made a key strategic move in its national expansion plan by opening up a New York office. Located at 50 Main Street in the business district of White Plains, Mountain’s new office is the firm’s eighth regional office in the U.S. Rodney Montag, who has more than 25 years of commercial real estate development, homebuilding and investment market experience, will head the New York operation.
HGA-Designed Student Center at Monterey College Opens
Torrance, CA - November 24, 2011 - (RealEstateRama) -- The HGA Architects & Engineers-designed Student Services Center at Monterey Peninsula College in the Northern California town has officially opened, showcasing the architectural firm’s ability to create a sustainable, flexible facility that can be re-purposed for the future. HGA provided full architectural service for the project, which is designed to meet LEED® certification guidelines and also successfully centralizes several diverse programs that were previously scattered across the college’s campus.
NxGen Modular Names Brett Jones as Vice President of Sales and Business Development
Torrance, CA - November 23, 2011 - (RealEstateRama) -- NxGen Modular LLC, an innovative provider of fast, cost-effective methods of building scalable data centers, has named Brett Jones as its vice president of sales and business development.
Lee & Associates Closes $20 Million Plus Office Transaction
Torrance, CA - November 22, 2011 - (RealEstateRama) -- In one of the largest transactions in Long Beach this year, Lee & Associates, one of the nation’s leading commercial real estate providers, has closed a sales transaction of more than $20 million for the Park Tower, a 119,287-square-foot office building located at 5150 Pacific Coast Highway in Long Beach, Calif. The sale price of the off-market transaction could not be disclosed.
Lee & Associates Closes $3.94 Million Industrial Sale in Ontario
Torrance, CA - November 16, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has transacted the $3.94 million sale of the Class A Philadelphia Place Business Park located at 2810 Philadelphia St., in Ontario, Calif.
A3K Consulting Leading A/E/C Firms in Challenging Times
Torrance, CA - November 16, 2011 - (RealEstateRama) -- Karen Compton, principal of A3K Consulting has named Eric Halm research and development leader for the firm. Additionally, Mr. Halm will serve as an integral part of the leadership team. The California-based business and strategic planning firm that specializes in the architecture, engineering and construction industries continues to provide advice and counsel strategic solutions to a diverse base of public, private and nonprofit clients, seeking to aggressively pursue their business strategies in a challenging environment