Colliers International Completes Two Property Sales Equaling $1.9 Million in Hollywood, Calif.
Hollywood, CA – October 31, 2011 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of a 3,950-square-feet property located at 801 Seward St. and the sale of 7,405-square-feet parking lot located at 758 Seward St. in Hollywood, Calif. The total transaction is valued at $1.92 million.
Kathleen A. Silver, CCIM, Senior Vice President, and Kay Thorpe, Associate, both based in Colliers International’s West Los Angeles office represented the Buyer,D’ziner Sign Company. The Sellers, private investors, were represented by Nicole Mihalka of Cushman & Wakefield.
The property boasts a corner location and is a freestanding, creative office building with a large open space in the heart of Hollywood Media District providing an ideal fit for D’ziner Sign Company to design and fabricate signs.
“With very little product available of its kind, to find a commercial building in prime Hollywood, with a large parking lot nearby for sale as well, is a rare and unique find,” said Silver.
“We were able to successfully locate these two properties to complete a needed 1031 exchange requirement for D’ziner Sign Company, a premier sign company serving the entertainment industry,” added Thorpe.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
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 | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
