Montgomery Partners Invests in Encino MultifamilyMontgomery Partners, an apartment investment firm, purchased the 76-unit Parkview Apartments at 16986 Burbank Blvd. in Encino, CA, from IFT Properties LLC for $9.76 million or $123,421 per unit.
Delivered in 1969, the 49,226-square-foot building is...
CoStar's Daily Deals of Note for WednesdayNATIONAL MARKETS
Rubicon Sells Half of U.S. Portfolio For $515M
by Randyl Drummer
Sydney, Australia-based Rubicon America Trust has agreed to sell a 14-property portfolio totaling nearly 3.1 million square feet to Urban America for US$515 million...
Macerich Snags Nordstrom for Santa Monica Place RedevelopmentLuxury department store chain, Nordstrom, Inc. (NYSE: JWN) has signed a letter of intent to open a new store at Macerich's (NYSE: MAC) Santa Monica Place in Santa Monica, CA. Macerich is currently under construction on the redevelopment/de-malling of...
CoStar's Retail News Roundup: Jul. 20 to 26, 2008This week in the Retail Roundup, CoStar reports on expansions or new concepts at Supervalu/Jewel-Osco, The Walking Company, and Dairy Queen/Orange Julius; new retail developments in Las Vegas, NV and Santa Monica, CA acquisition, merger, loan or sale...
Shoe Pavilion Files Bankruptcy, Closing At Least 43 StoresSherman Oaks, CA-based footwear retailer, Shoe Pavilion, filed for chapter 11 bankruptcy protection July 16, 2008. As of March 29, 2008, the off-price shoes and accessories retailer operated a chain of 113 stores in Washington, Oregon, California, Arizona...
Group Sells City of Industry Property for $11.63 MillionA group of investors led by Thang Q. and Kathy T. Pham sold 1100-1102 John Reed Court in the City of Industry, CA, for $11.63 million, or about $106 per square foot.
The industrial building consists of two multitenant units on approximately 4.49 acres...
Rosemead Retail Property Trades for $3.2MJoseph and Eva Su purchased the 5,800-square-foot single-tenant retail building at 8527 Valley Blvd. in Rosemead, CA. Ching Family Living Trust sold it for $3.28 million, or about $565.50 per square foot.
The building was built in 1956.
Daniel...
Doctor Inks $6.5M Sale-Leaseback for Medical OfficeSue Choi purchased the medical-office building at 3511 W. Olympic Blvd. in Los Angeles for $6.5 million, or approximately $303.50 per square foot. The medical offices traded in a sale-leaseback deal with Dr. James Jung.
The 21,408-square-foot building...
Thousand Oaks El Torito Brings $560 PSFMarshall S. Freedman purchased the restaurant building at 449 N. Moorpark Road in Thousand Oaks for $3.95 million, or approximately $560 per square foot, from the Martin and Simonne Izsak Trust. The cap rate at the time of sale was 2.85%.
Leased...
Santa Fe Springs Business Park Brings in $7.5MFGS Santa Fe Springs LLC sold the general retail building at 11450 Washington Blvd. in Whittier, CA, for $7.5 million, or about $453.50 per square foot, to P & A Santa Fe Springs LLC.
Built in 2003, the 16,544-square-foot retail building is on a corner...
