LOS ANGELES-The California Association of Realtors (CAR) has selected SquareTrade, an online mediation service, to resolve disputes between realtors. SquareTrade's online mediation service can be used for all disputes that can be arbitrated under Article 17 of the Realtor's code of ethics.
LOS ANGELES-TrizecHahn Corp. has adjusted its valuations on several assets, based primarily on the results of recently completed independent third-party appraisals.
LOS ANGELES-Toxic mold cases have spiked in California, increasing insurance premiums by 20% and raising red flags for regulatory agencies, insurers, agents and builders across the nation.
VENICE, CA-The Genesis LA Real Estate Fund, managed by Shamrock Capital Advisors, has provided RAD Venice, a Santa Monica-based development company, a $4.3 million loan for the development of the second phase of Hampton Studios on Main Street here.
AGOURA HILLS, CA-Nearon Enterprises and its Southern California partner, Mark Ossola have purchased the 165,000 sf former Litton Information System Group campus. The deal is valued at roughly $24 million.
TORRANCE, CA-Torrance Medical Associates sells the Torrance Medical Arts Center for $6.6 million. The building underwent a significant renovation in 1998 and was 100% leased at the time of sale.
CAMARILLO, CA-A 38,770 sf multi-tenant industrial complex was sold here last December for $3.3 million. The project, located at 5217-5251 Verdugo Way, was purchased by The Bower Family Trust from the Rottner Family Trust. The two buildings are fully leased. Bob Kahn of CB Richard Ellis represented the buyer in this transaction, while Mike Walsh of Daum Commercial represented the seller.
EL SEGUNDO, CA-The portfolio is owned by various general partnerships controlled by two investors. It consists of nine apartment buildings containing 308 units.
LOS ANGELES-A Novato, CA-based research organization and database publisher has found the average rent for an apartment in the area to be $1,220, a fall of $2 from the average September.
BURBANK, CA-The Genesis LA Real Estate Fund has made a $5.5 million loan for the acquisition of an 180-acre parcel in Van Nuys. The property, bought by a partnership, is expected to become an eight building, light industrial park.