Advertisement
 
YOU ARE HERE: LAT HomeCollectionsCommercial Scene
IN THE NEWS

Commercial Scene

FEATURED ARTICLES
REAL ESTATE
April 9, 1989
The Southwest Group of Los Angeles has bought an 18-unit apartment complex at 515 S. Barrington Ave. in Brentwood from Santa Monica investor Jeff Greene for $2.15 million. The Los Angeles office of Hanes Co. Inc. represented both parties in the deal.
ARTICLES BY DATE
CALIFORNIA | LOCAL
March 6, 2014 | By Hailey Branson-Potts
Councilman John Duran and his gay colleagues on the West Hollywood City Council never expected a backlash when they voted recently to remove the rainbow flag from above City Hall. For Duran, who is gay, taking down the flag wasn't about slighting gays but sending a message about the city's diversity. "It's not just a city of gay men. It belongs to heterosexual people as well," he said. But the flag's removal in a place synonymous with gay life outraged many, and the city this week changed course, raising above City Hall a flag with a rainbow-colored city logo.
Advertisement
REAL ESTATE
April 9, 1989
Senior Corp. has sold a 224-unit apartment complex at 1102 Linden St., Riverside, to Summerville/Jensen Trusts for $10.15 million. Tenants in the complex, which has 14 buildings, will not be affected by the sale. The Inland Empire office of Hanes Co. Inc. represented both parties in the transaction.
REAL ESTATE
June 3, 1990
As a professional in commercial real estate, I would like to address the virtual disappearance of commercial real estate reporting. Obviously, with the new residential focus, the section enjoys a much broader readership among subscribers. However, those of us in the commercial sector can't help but be disappointed. Given that Southern California is one of the strongest commercial real estate markets in the country, it would seem that it merits more attention than the sporadic appearance of the one-half page "Commercial Scene" column.
REAL ESTATE
May 7, 1989
Prudential Realty Group has paid $10.5 million to SDC Development for the Vintage Distribution Center, a 282,700-square-foot distribution and warehouse facility at the northeast corner of Francis Street and East Vintage Avenue, Ontario. The center's sole tenant, L.A. Gear's shoe division, will remain in the complex.
REAL ESTATE
June 18, 1989
Golden West Vista Associates, a Newport Beach developer, has purchased 26 acres of industrial land at Business Park and Los Monos drives in Vista for $4,055,600. Grubb & Ellis represented the buyer, who plans to build a four-building complex on the site.
REAL ESTATE
June 18, 1989
Frank & Son Trucking & Warehousing has signed a $4.2-million, five-year lease for a 220,000-square-foot warehouse in Majestic's Fairway Industrial Center. Industrial Properties represented Frank & Son, and Majestic represented itself.
REAL ESTATE
May 7, 1989
A 100,000-square-foot industrial facility at 107 W. Carob St., Compton, has been sold for $4 million. Investor/developer Friend, Samir & Sperling, the buyer, plans to renovate the property for sale or lease. The Goodglick Co. represented both the buyer and the seller, WI USA Corp.
REAL ESTATE
April 9, 1989
Jess Maxcy, president and chief executive officer of the California Manufactured Housing Institute and a resident of Riverside, has been named recipient of the Chairman's Award for 1989. The award is presented annually by the chairman of the institute to recognize outstanding service and performance by an individual.
REAL ESTATE
April 9, 1989
Avalon Country Mart, a $3.5-million retail center, is under construction at 22000 Avalon Blvd., Carson. The 15,500-square-foot project, developed by Century City-based Cloverleaf Group Inc., is expected to be completed in mid-summer by Coury Enterprises. Benton Park Candreva AIA designed it.
REAL ESTATE
December 10, 1989 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years. News releases and column inquiries should be mailed to 8306 Wilshire Blvd., Box No. 7078, Beverly Hills, Calif. 90211. and
Commercial real estate brokers have always considered themselves a league apart from their residential counterparts. Mention home sales to a hardened office and industrial broker and you're likely to get a grimace--followed by a reminder that commercial brokerage is not for lightweights. But while commercial brokers in Los Angeles stick to their longtime market niche, residential brokerage companies are aiming to claim a piece of the lucrative commercial scene as their own.
REAL ESTATE
November 26, 1989 | Ron Galperin, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years
Copperfield Investment & Development Co. bought a 105,000-square-foot office building and parking structure at Robertson Boulevard and the Santa Monica Freeway in West Los Angeles for $11.7 million. Seller Coast Savings Financial Inc. acquired the property in a settlement with the developer, who fell short of the cash needed to make good on its loan. The building is more than 75% vacant.
REAL ESTATE
November 26, 1989 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years
First Interstate World Center in downtown Los Angeles opened last week with Arthur Andersen & Co. as its first tenant--marking completion of the tallest tower in the western United States. The $350-million project boasts 73 stories and about 1.5 million square feet. An astounding 80% has been pre-leased, with tenants such as First Interstate Bancorp, law firm Latham & Watkins, Pacific Enterprises and Arthur Andersen taking the lion's share.
REAL ESTATE
November 12, 1989 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years. News releases and column inquiries should be mailed to 8306 Wilshire Blvd., Box No. 7078, Beverly Hills, Calif. 90211. and
Up in the air. That's how developers and attorneys describe proposals to regulate the transfer of air rights in downtown Los Angeles. Zoning in the central business district essentially limits buildings to about 12 stories. That makes it imperative for high-rise developers to collect extra development rights--usually from a low-rise property owner with rights to spare and no plans to build a taller building. If all this sounds like an exercise in creative accounting--it is.
REAL ESTATE
October 8, 1989
National Lumber, based in Fountain Valley, has signed a $7.2-million, 20-year anchor lease for a 60,000-square-foot home-improvement center in Mission-Douglas Plaza, at the southeast corner of Mission and Douglas avenues in Oceanside. The transaction was arranged by the Escondido office of John Burnham & Co. Commercial Real Estate in cooperation with Horst Realty and Warren Kellogg & Associates. Construction began in early summer.
REAL ESTATE
October 8, 1989
Broadway West, a $10-million mixed-use project, has been completed at 920 Broadway in Santa Monica. The building has 21,000 square feet of commercial/retail space on the first level and 48 apartments on Floors 2 through 4. Entrance to the retail outlets is on Broadway, and to the apartments, at 9th and 10th streets. The architect is Vito Cettas. The owner-builder is TETRAD Corp. Leasing agent is Jeff Jarow of Beitler Commercial Realty Services in Los Angeles.
REAL ESTATE
May 28, 1989
The Shadow Ridge apartment complex at 2225 E. Pumalo in San Bernardino has been sold by Senior Corp. of Miami Beach, Fla., for $12 million, reports the Inland Empire office of the Hanes Co., brokers in the transaction. The buyers of the 328-unit, 41-building complex are Winston and Dorothy Ko of Montebello.
REAL ESTATE
April 30, 1989
Burnett-Ehline Development Co., Anaheim, has purchased 68,960 square feet of manufacturing space at 1900 E. Orangethorpe Ave., Fullerton, from Robert K. Maize and James W. Maize of San Jose for $3.6 million. The Santa Ana office of Coldwell Banker represented both parties in the $3.6-million transaction.
REAL ESTATE
October 8, 1989
Lake Elsinore-based Brookstone Development Inc. has paid nearly $4.2 million for a 9 1/2-acre parcel of land in Rancho California and plans to develop a $17-million, 147,000-square-foot commercial showroom and retail project on the site. Brookstone bought the land, at the northwest corner of Interstate 15 and Winchester Road, from Rancho California-based Bedford Development Co. The project planned for the site is known as Winchester Freeway Park.
REAL ESTATE
October 8, 1989
Lincoln Property Co. has completed Phase II of the $16-million Lincoln Industrial Center, located at the corner of Avenue Scott and Avenue Rockefeller in the master-planned Valencia Industrial Center in Valencia. The three warehouse/distribution buildings in this phase range in size from 72,000 to 164,784 square feet and include both dock-high and ground-level loading facilities, upgraded sprinkler systems and skylights. The contractor was Breton Construction of Irvine.
Los Angeles Times Articles
|