NORTH HOLLYWOOD, CA-The 28,392-sf office and retail property was sold by Southern Calif.-based Woodman Partners to Cyrus Etemad, a private investor. The capitalization rate on the deal was about 12% at the time of sale.
OXNARD, CA-Marcus/Adams Industrial Investments has acquired a seven-building industrial park on eight acres from Royalty Mortgage Fund. There are 19,000 sf of vacant space in the park.
LOS ANGELES-Promising to bring the National Football League and the Super Bowl back to Los Angeles, Anschutz Entertainment Group has plans to build a 64,000 seat stadium in the Downtown section of the city not far from its successful Staples Center development.
LOS ANGELES-Promising to bring the National Football League and the Super Bowl back to Los Angeles, Anschutz Entertainment Group has plans to build a 64,000 seat stadium in the Downtown section of the city not far from its successful Staples Center development.
NORWALK, CA-The building is located at 14504 Carmenita Rd. It has five local small-business tenants who rent on a month-to-month basis. The industrial site is currently 100% leased.
VERNON, CA-A 27,653-sf warehouse was purchased by Cal-York, LLC from Bundy/Slauson Investors for $1.72 million. The structure was erected in 1987. The buyer plans to move into the facility immediately.
VAN NUYS, CA-The 142,000-sf Marvin Braude San Fernando Valley Constituent Service Center is on budget and on schedule for a late March 2003 completion. In addition to office space, the new center will offer 9,500 sf of ground-floor retail.
COMMERCE, CA-A 30,993-sf leased industrial warehouse was bought by Millco Investments from GUFI Investments at a transaction value of $1.68 million. The site is located at 5920 S. Triangle Dr.
CITY OF INDUSTRY, CA-Standard Furniture has expanded its warehouse space here by an additional 79,180 sf by signing a three-and-a-half year sublease for a transaction value of $1.75 million.
WEST HOLLYWOOD, CA-The three-story building is located at 8335 Sunset Blvd. The new owner plans to refurbish the structure. Brokers on the deal say the property drew six offers in excess of the $2.6 million asking price.