NAI Capital arranged the sale of a large 44,548 square foot warehouse in Valencia, Calif., on behalf of the seller Mr. Harry E. Acker. Mr. Acker, purchased the warehouse in 1988 as the corporate headquarters for his electronics parts distributorship business, Andrews Electronics, which he subsequently sold to Best Buy
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,350,000 sales transaction for an approximate 9,971 square-foot industrial building located at 344 North Vinewood Street in Escondido, California
DTZ, a global leader in commercial real estate services, announced today the $12.2 million sale of 3209 Lionshead Avenue, a 74,000 square foot, single-tenant corporate headquarters building strategically located in Carlsbad, CA
NAI Capital announced the $2.9 million sale of Oxnard Art Lofts, a live / work complex located in Oxnard, Calif. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have the professional and industrial work space on the lower level and private living space on the upper loft area.
In a market where value-add commercial real estate is increasingly difficult for investors to find, Interstate Equities Corporation (IEC) has proven that “un-loved” deals are still out there. The firm has just acquired an off-market, 34-unit multifamily property in a walkable distance from downtown Burbank, California - an investment feat in today’s market, according to Marshall Boyd, President of IEC.
The Parkway Business Center in Richmond California has sold. This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land. The buyer, Wang Brothers Investments, was able to acquire the property at an attractive basis with stable income and will consider options for developing the land in the future. The price is undisclosed
Commercial real estate investment banking firm George Smith Partners has successfully arranged $22 million in financing for its client, Optimus Properties, LLC and Infinity Redevelopment, LLC, for the acquisition of Juanita Tate Marketplace, a 77,000 square-foot, newly constructed retail shopping center in the South Central neighborhood of Los Angeles, California, according to George Smith Partners’ Senior Vice President Shahin Yazdi.
NAI Capital Senior Vice President Jeremy Barbakow, with the Encino office, who specializes in office and medical leasing in the San Fernando Valley, represented landlords and tenants in nine office leases in Sherman Oaks, Encino and Tarzana, eight of which were on Ventura Boulevard.
DTZ, a global leader in commercial real estate services, announced today that it has represented developer Cruzan in its 45,000 square foot lease with GoPro (NASDAQ: GPRO), enabler of some of today’s most engaging content, at Cruzan’s “MAKE” coastal redevelopment in Carlsbad, CA. GoPro will serve as “MAKE’s” anchor tenant.
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.
DTZ, a global leader in commercial real estate services, announced today three prominent Orange County brokers and their teams have joined the firm. Executive Managing Directors (QREA) Bob Thagard, John Griffin, John Harty will form the core of DTZ’s Orange County Project Leasing teams specializing on office and industrial markets.
Lee & Associates – North San Diego County is pleased to announce that Principal Randy Dalby has been named a 2014 CoStar Power Broker TM by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. This annual industry award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of the firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases in 2014 within their respective markets
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 120-month lease for a 8,720 square-foot retail space located at 2707 North Bristol Street in Santa Ana, California. The value of the lease is approximately $1,308,000
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 Industrial Brokerage Team of David Young, SIOR and Chad Gahr, SIOR both Senior Vice Presidents with NAI Capital’s Encino office represented the Seller “9401 De Soto LLC”, and the Buyer “Rexford Industrial Realty, L.P.” in the sale of an 153,984 square foot distribution building located at 9401 De Soto Avenue, Chatsworth, CA. The building was the former corporate headquarters, manufacturing and distribution center for Topco Sales.
NAI Capital’s Ryan Ramage and David Stassel, both with the Ontario office, represented the buyer, Alle Investments LLC, in the purchase of the Atrium Medical Center, a 43,589 SF medical office located at 23838 Valencia Blvd. in Valencia, CA from the seller, VPIP LLC. The outside brokerage was represented by Reality Executives Valencia and the value of the transaction was $16.3 Million
LOS ANGELES, CA - March 4, 2014 - (RealEstateRama) -- BH Properties, in a move consistent with its renewed Southwest strategy, has acquired its fourth retail property in Arizona, adding to its expanding portfolio. The Los Angeles based firm, which specializes in purchasing challenged and distressed real estate properties quickly, has purchased Ross Plaza, located in the bustling submarket of North Phoenix, for $3 million
RESEDA, CA - October 17, 2013 - (RealEstateRama) -- Jesus Henao and Steve Henao with NAI Capital’s Encino office represented the Seller, Petar Misic, in the sale of the Sherman Way Apartments located a 19148-54 Sherman Way in Reseda, CA to the Buyer, Kamran Mehdlan. The value of the sales transaction was $2,070,000.00 million dollars
LOS ANGELES, CA - September 12, 2013 - (RealEstateRama) -- Passco Companies, LLC., a privately held Calif.-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has announced the repositioning of The Promenade at Howard Hughes Center into a comprehensive entertainment destination, according to Howard Wong, Director of Leasing at Passco Companies.