Archive for January, 2011
|ENCINO, CA – NAI Capital, a full-service commercial real estate brokerage headquartered in Encino, California announced that Chuck Carmichael, Senior Vice President has been named the firm’s 2010 Broker of the Year. More >|
|ENCINO, CA – Bella Vista Court, LLC has purchased a 38-Unit apartment building at 17938 Burbank Boulevard from the Nagler Family trust for a transaction value of $5.5 million. More >|
NAI Global had over 800 people register for yesterday’s Quarterly Economic Briefing webcast with Dr. Peter Linneman. Taking into account that there are usually several people listening with each registrant, it is estimated that well over 2,000 people were participants on yesterday’s call. If you missed the briefing, log on via this link to listen to the webcast. You must register in order to listen.
NAI Capital is pleased to present to you its NAI Capital 2010 Year End Market Report.
- Improving job market and confidence that the recovery will persist has convinced the American consumer to increase spending.
- Suggestion that the Governor’s budget plan is a step in the right direction.
- The office market is beginning to bottom out.
- Distribution centers and related industrial space are expected to perform well in 2011.
- Vacancy rates in the retail sector remain elevated in the Los Angeles Basin.
More information may be obtained directly from your NAI Capital broker.
California Assembly Bill 215 passed, effective January 1, 2011.
The Bill provides for a “new” assigned grade for every Skilled Nursing Facility in California, with the provision that the grade must be posted in a prominent place at the facility, (such as the front door). You say: “So what, who cares”? Well, it goes a lot deeper than that.
While designed to be helpful, this Act can bring more instability to a profession that’s overburdened with government oversight. Can you imagine walking up to a facility you’re checking out for Mom or Pop, and seeing a two star rating on the front door? (Ratings are from 5 stars to 1 star). In case no one noticed, there are already a plethora of ranking systems in play on the internet for existing Skilled Nursing Facilities (see www.carepathways.com or www.health.usnews.com/senior-housing/nursing-homes.com) etc. More >
|ENCINO, CA – NAI Capital, a leading Southern California commercial brokerage headquartered in Encino announced several significant transactions that closed in the month of December 2010. The combined value of the transactions was over $17,000,000.00.|
|SANTA CLARITA OFFICE: Chris Jackson and Todd Lorber of NAI Capital’s Santa Clarita office represented Livingston, SGN, LLC (Canyon Plastics) in the purchase of a 109,950 square foot industrial facility situated on 230,535 square feet of land at 28455 Livingston Avenue, Valencia, California from Livingston Avenue, LLC. The transaction was valued at $7,750,000.00. The seller was represented by Joel Hutak and Ross Thomas of Delphi Business Properties. For information contact Chris Jackson or Todd Lorber at 818.905.2400.|
|ONTARIO OFFICE: Dawn Lowder and Bill Lowder of NAI Capital’s Ontario office represented the seller, Santa Barbara District Union of the UMC and a CA non-profit in the sale of a 19,800 square foot mixed-use redevelopment property located at 20620 Roscoe Boulevard in Winnetka, California to 20600 Roscoe Village, LLC a CA Limited Liability. The transaction was valued at $3,600,000. 00. The buyer was represented by Lonnie McDermott of Marcus & Millichap. For more information contact Dawn Lowder or Bill Lowder at 909.945.2339.|
|COMMERCE OFFICE: Richard Horn and Philip T. Attalla of NAI Capital’s Commerce office represented the seller, a private trust in the sale of a 21,108 square foot industrial property situated on 38,510 square feet of land at 219 S. 6th Avenue, LA Puente, California for a transaction value of $2,321,880.00. The buyer, Jesco Lighting was represented by Henry Hong of Richmore Realty, Inc. For information contact Richard Horn and Philip T. Attalla at 323.201.3600.|
|SOUTH BAY OFFICE: Neil Miyazaki and Junko Masubayashi of NAI Capital’s South Bay office represented the seller, Tri-Alloy, LLC in the sale of 5.7 acres of industrial land located at 10653 Ramona and 4585 Brooks in Montclair, California to Cronimet Holdings, Inc. The transaction value was not disclosed. The buyer was represented by Jay Lite of Dorin Realty. For more information contact Neil Miyazaki or Junko Masubayashi at NAI Capital South Bay at 310.532.9080.|
|WESTLAKE VILLAGE OFFICE: Rod Delson of NAI Capital’s Westlake Village office represented an undisclosed buyer in the purchase of a 7,040 square foot investment property located at 3963 W. 7th St., Los Angeles from William B. Watts, III. The transaction was valued at $1,575,000.00. The seller was represented by Shari Baner of Keller Williams. For more information contact Rod Delson at 805.446.2400.|
|ORANGE COUNTY OFFICE: JR Williamson of NAI Capital’s Orange County office represented the seller, Emmett J. Ebner in the sale of a 12,540 square foot industrial building situated on 26,000 square feet of land at 2509 S. Broadway, Santa Ana, California to David Lee Mosier. The transaction was valued at $1,379,400.00. The buyer was represented by Matt Durkin of Lee & Associates. For more information contact JR Williamson at 949.854.6600.|
|ENCINO, CA – Jack Mikail of NAI Capital’s Encino office successfully negotiated three separate transactions in December for a combined value close to $2.5 million.|
|Mikail represented both the seller, The Estate of Frederick Albert Shen and the buyer, Soto Plaza, Inc. in the investment sale and purchase of a 5,240 square foot retail property situated on 13,140 square feet of land at 2809 E. Slauson Avenue in Huntington Park, California. The transaction closed for $965,000.00.
|Mikail also represented H & A Royal Properties, Inc. in the lease of a 35,000 square foot industrial building located 10232 Glenoaks Blvd., in Pacoima to lessee, Ahern Rentals, Inc. The 3-year lease is valued at $843,816.00. Joel Hutak of Delphi Business Properties represented the lessee.|
|In another transaction, Jack Mikail along with Yair Haimoff, also with NAI Capital’s Encino office, represented the lessor, Curtin Security Co., Inc. and the lessee, West Coast Medical Equipment & Repair, Inc. in the long-term lease of a 7,340 square foot industrial property located at 12843 Foothill Blvd. # D, in Sylmar, California. The lease was valued at close to $700,000.00.|
|For information about the above transactions contact Jack Mikail at 818.905.2400.|