Colliers International Completes Industrial Building Sale Totaling $1.025 Million in Los Angeles
Los Angeles, CA – December 8, 2010 – (RealEstateRama) — Colliers International, the second largest real estate services firm globally, has completed the sale of a 7,500-square-foot industrial building located at 9356 Remick Ave. in Los Angeles to Total Effects, Inc., a Los Angeles-based company supervising special effects for the motion picture industry. The total transaction is valued at $1.025 million.
Built in 1978, the rare, free-standing building features newly completed renovations and is situated on 16,300 square feet of land.
“After completing ‘Knight and Day’ with Tom Cruise and Cameron Diaz, and currently working on ‘Mission Impossible 4’ (due to hit theatres in December 2011), Total Effects, Inc purchases a new building for set design, ’” said Kathleen A. Silver, CCIM, senior vice president, based in Colliers International’s Century City (Los Angeles) office, who represented the buyer in the transaction. “This is an ideal property for Total Effects, Inc., offering a large, creative workspace to build and rig sets for special effects.”
Along with Silver, Kay Thorpe of Colliers International’s DTLA office represented the buyer. The seller, David Dawud, was represented by DAUM Commercial.
About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world’s number two commercial real estate brand.
Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.
Contact:
Angela S. Hwang
Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
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angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
