Yearly Archives: 2011

Torrance, CA - April 20, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate brokerage firms in the country, has brokered the $3.82 million sale of Franklin Court, a 24,814-square-foot industrial space in the Orange County town of Tustin, Calif.

OLD TOWNE ORANGE, CA - April 20, 2011 - (RealEstateRama) -- Orange Home Grown, Inc. announced today the Grand Opening of the Certified Farmers & Artisans Market in Old Towne Orange, Calif., on Saturday, May 7, 2011, from 8:00 a.m. - 12 noon, at Chapman University's Historic Villa Park Orchards Packinghouse parking lot located at the northwest corner of Cypress and Palm Avenue.

MOORPARK, CA - April 19, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., transacted the sale of a 16,391-square-foot industrial building at 875 Patriot Drive in Moorpark, CA, the brokerage company’s third transaction at the center in a month, according to Lee President Mike Tingus and Principals Grant Fulkerson and Scott Linklater, who represented the developer, M.W. Ossola & Associates.

Culver City, CA - April 19, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 2,250-square-feet single tenant Starbucks located at12313 Jefferson Blvd. Culver City, Calif. 90230. The transaction is valued at $2.685 million.

Washington, DC - April 18, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.) yesterday reintroduced H.R. 1567, the Foreclosure Prevention and Sound Mortgage Servicing Act of 2011. Congresswoman Waters has introduced similar legislation since the 110th Congress, and has long maintained that the servicing industry is broken. By reintroducing and updating the bill, Congresswoman Waters continues to demonstrate her commitment to ending the foreclosure crisis and holding servicers accountable.

CALABASAS, CA - April 15, 2011 - (RealEstateRama) -- Jay Rubin and Marc Spellman, principals at Lee & Associates-LA North/Ventura, Inc., transacted a 12,200-square-foot lease that will bring a new Intensive Modulated Radiation Therapy facility to Warner Center, CA. Rubin and Spellman represented the landlord, L. Aronoff & Sons, in the 10 year lease at 21300 Erwin St. Total consideration for the deal was in excess of $2.7 million. “The building was well suited to this tenant because it is free-standing and because the transaction allows for extensive improvements to install the IMRT equipment,” said Rubin.

LOS ANGELES, CA - April 14, 2011 - (RealEstateRama) -- Improvement in the overall economy and favorable market conditions led to increases in both the median price and home sales in March, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

San Diego, CA - April 14, 2011 - (RealEstateRama) -- C.W. Driver, a premier builder serving the Western U.S. since 1919, is pleased to announce the addition of Andy Kirby as senior project manager servicing each of the firm’s Southern California regions. With his new position in the firm’s San Diego office, Kirby will focus on securing future construction projects in the federal sector.

Torrance, CA - April 13, 2011 - (RealEstateRama) -- “Darren has demonstrated a true knack for management and is a valuable asset to Keystone Pacific as well as to the communities under his management,” said Denise Bergstrom, vice president of association management of Keystone Pacific Property Management. “His achievements are attributed to his dedicated service and leadership abilities.”

Torrance, CA - April 13, 2011 - (RealEstateRama) -- Regency Centers (regencycenters.com), a national owner, operator and developer of grocery-anchored and community shopping centers, started construction on the redevelopment of Granada Village, a 225,000-square-foot neighborhood center located in the San Fernando Valley. The $16 million redevelopment will convert this 46-year-old center into a regional draw with the addition of new-to-the-market retailers, sustainable design elements and upgraded center façade and amenities. The redevelopment is scheduled for completion in Spring 2012.

Torrance, CA - April 13, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of a 9,219-square-feet multi-tenant retail property located at 1011 - 1041 Avenida Pico, San Clemente, Calif.. The transaction is valued at $1.750 million.

Rancho Dominguez, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, completed the sale of a 27,052-square-foot industrial building located at 18618 S. Ferris Place, Rancho Dominguez, Calif. to a Inglewood-based importer, ILS Inc. The transaction is valued at $3.5 million.

Torrance, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has negotiated a 64-month office lease for a property located at 21605 Hawthorne Blvd. Pavilion C, Suite 200, Torrance, CA 90503. The transaction is valued at approximately $1 million.

Torrance, CA - April 121, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the sale of 19,309-square-feet office space for a property located at 2154 Torrance Boulevard, Torrance, CA 90501. The transaction is valued at $2.085 million.

SHERMAN OAKS, CA - April 121, 2011 - (RealEstateRama) -- Randy Kobata, a Principal with Lee & Associates-LA North/Ventura, Inc. and Jack Schlaifer a Senior Vice President at the brokerage, transacted the sale of a 47,846-square-foot property to a San Fernando Valley physician who will relocate and expand his practice to the new site. The property, at 5651 Sepulveda Blvd. in Van Nuys, CA, sold for $3,100,000.

EUGENE, OR - April 121, 2011 - (RealEstateRama) -- California Real Estate Technology Service (CARETS) listings are now easily displayed online, thanks to IDX, Inc. and real estate agent Vicki Pedersen. Thousands of Los Angeles, California area properties listings are seamlessly integrated onto the search page Pedersen employs, with the dynamic technology her IDX solution supports. The online real estate search is now monumentally simpler for home seekers and real estate professionals alike on the comprehensive and complete website Pedersen supports. The CARETS database has never been so accessible to potential Los Angeles buyers, than now on the IDX enabled website of Pedersen.

LOS ANGELES, CA - April 11, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed five leases totaling 63,000 square feet of space within two major office buildings in the Tri-City office market. The five leases have an aggregate lease value of approximately $10.2 million.

VALENCIA, CA - April 11, 2011 - (RealEstateRama) -- A newly constructed, 30,000-square-foot shopping center at 28656 The Old Road in Valencia, CA was sold to a private investor, according to Larry Twomey, Paul Capra and Mike Tingus at Lee & Associates-LA North/Ventura, a full-service commercial real estate brokerage and member of the Lee & Associates group of companies.

Torrance, CA - April 8, 2011 - (RealEstateRama) -- Lee & Associates Central Coast, a full-service commercial real estate brokerage firm, is off to a productive 2011 on the heels of a fourth quarter 2010 for the books that included five substantial transactions. With several other major deals on the horizon, Lee Central Coast is taking this momentum into 2011 and beyond.

Torrance, CA - April 7, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed the $9.5 million sale of the El Segundo Research Center, a 81,763-square-foot office building at 1940 E. Mariposa Ave., in El Segundo, Calif.