Office
NAI Capital Completes Deal for New Headquarters for Special Olympics Southern California
May 10th
LONG BEACH, CA – Doug Wubbena Senior Vice President with NAI Capital’s Orange County office and Randy Matusoff CCIM, SIOR, and Vice President with NAI Capital’s South Bay office represented the Landlord in the lease of a 12,029 SF office property located at 1600 Forbes Way in Long Beach to the Tenant, Special Olympics of Southern California. Wubbena and Matusoff collaborated with Bill Townsend of Inco Commercial Real Estate to introduce SOSC to the new Long Beach location. Wubbena and Matusoff were the listing brokers, and Bill Townsend was the procuring broker in this transaction. More >
NAI Capital Represents Buyer & Seller in the Purchase & Sale of Sunset Edit Building in Hollywood for $2.2 Mil
Mar 15th
HOLLYWOOD, CA –Michael B. Rubin with NAI Capital’s Westlake Village office represented the Sellers of the former headquarters of FilmCore Editing, and the Buyer, a principal of Sunset Edit, in the purchase and sale of a 4,896 SF office property located at 849 Seward Avenue in Hollywood. The value of the sales transaction was $2.2 Mil. More >
The Legendary Scottish Rite Masonic Temple Designed by Millard Sheets, is FOR SALE
Dec 4th
LOS ANGELES, CA – NAI Capital is pleased to present the listing for the Scottish Rite Masonic Temple. The eight statues that stand guard outside the Scottish Rite Masonic Temple have made it a distinctive part of Wilshire Boulevard for more than 30 years. This iconic Los Angeles landmark, designed by the late architect and artist Millard Sheets, offers a rare opportunity to own a linear city block between the signalized intersections of Plymouth Ave & Lucerne Ave, with approximately 400 linear feet of Wilshire Blvd frontage.
“Although the Sellers earnestly consider all offers from qualified buyers, the sellers of the Scottish Rite Cathedral of Los Angeles are particularly interested in a buyer who will appreciate the rich history of the building and offer a use that instills an added sense of pride from the local community,” notes Dan Bacani. More >
NAI Capital Represents the Buyer in 111,006 sq. ft. City Center Office Complex in Ventura, CA
Nov 20th
VENTURA, CA – Timothy P. Foutz with NAI Capital’s Encino office represented the Buyer, 5700/5720/5740 Ralston Street, LLC, in the purchase of a three parcel 111,006 SF office property located at 5700/5720/5740 Ralston Street in Ventura, CA from the Seller, CT Realty Investors Inc. The value of the sales transaction was $15.5 million dollars. More >
NAI Capital Closes Office Deal in Irvine, CA for $1.6M
Oct 4th
IRVINE, CA – John Manion with NAI Capital’s Orange County office represented the Buyer, Sunrise Benefits, in the purchase of a 7,700 SF office property located at 8861 Research Drive from the Seller, GS 1-3. The outside brokerage was Voit Real Estate Services and value of the sales transaction was over $1.6 million. More >
NAI Capital Sells the Masonic Temple in Covina
Sep 12th
COVINA, CA – Dan Bacani and Marie Taylor with the Pasadena office represented the Seller, The Grand Lodge of Free and Acceptable Masons of California, in the sale of a 10,808 SF property located at 170 East School Street to the Buyer, Master Wan Ko Yee International Cultural Institute. The outside brokerage was Lou Edwards Financial, Inc. and the value of the sales transaction was not disclosed. More >
NAI Capital Sells $1.3M Art Gallery in Culver City, CA
Aug 13th
CULVER CITY, CA – Thomas Patriarca with the West L.A. office represented the Buyer, 940 N. Brand Avenue LP, in the purchase of a 3,600 SF office property located at 5795 Washington Boulevard from the Seller, Bryan Siegel. The value of the sale transaction is over $1.3 million. The building is located in the Culver City Arts District and was formerly used as an art gallery. The buyer plans to convert it into a dental office. More >
NAI Capital Sells Panavision Property in Hollywood for 8.1M
Aug 2nd
LOS ANGELES, CA – Ian Strano with NAI Capital’s West L.A. office represented the Buyer, JMS Ventures, in the purchase of a 24,000 SF office property located at 6735 Selma Avenue from the Seller, Highland Selma Ventures. The value of the sales transaction was $8.1M. More >
NAI Capital’s Closes a $5.5M Office Lease in Van Nuys
Jul 20th
VAN NUYS, CA – Cathy Scullin and J. Richard Leyner with NAI Capital’s Encino office represented the Landlord, C.P. Associates, LTD., in the long term lease of a 25,183 SF office property located at 6501 Van Nuys Blvd. to the Tenant, the San Fernando Community Mental Health Center. The length of the lease is 10 years and the value of the lease transaction was over $5.5M. More >
NAI Capital’s Ventura Office Leases Two Office Deals in the Topa Financial Plaza in Oxnard, CA
May 8th
OXNA
RD, CA (4/13/12) – Bill Kiefer and Steve Doll from NAI Capital’s Ventura County office represented the Landlord, Topa Financial Plaza, in two separate lease transactions consisting of a 4,868 SF and 5,984 SF office suites located at the Topa Financial Plaza at 300 Esplanade Drive to the Tenant, Rabobank. The combined value of the lease transactions was over $2.3 million. More >
AI Capital’s Brent W. Mork Closes Three Noteworthy Lease Transactions in Irvine Totaling Over $3.9M
Apr 2nd
IRVINE, CA – Brent W. Mork, Senior Vice President with NAI Capital’s Orange County office represented the Tenant in three separate lease transactions including, a 13,411 sq. ft., a 9,059 sq. ft., and a 4,942 sq. ft. office suite located at the Jamboree Center 5 Park Plaza, from Landlord, The Irvine Company, LLC. The combined lease transactions were valued at over $3.9M. More >
Changes in the Office Market
Sep 8th
| Here’s a good Article on changes in the office market from Urban Land Institute… |
The Incredible Shrinking Office Space – Fact or Fantasy?by Sam Newberg
A significant unanswered question in commercial real estate is future demand for office space. With streamlining, downsizing, outsourcing, improved technology, cloud computing, and more employees working from home, will an improved economy necessarily result in more demand for office space? What will companies’ long-term space needs be? Will some have reduced office space needs even as they expand? The jury is still out. More > |
NAI Capital Represents Landlord in Regional HQ Deal with Fortune 500 Company
Jul 7th
MONROVIA, CA – NAI Capital, a leading Southern California commercial real estate brokerage headquartered in Encino represented the landlord, BF Monrovia, LLC in a 24,652 sq. ft. lease at 111 W. Lemon Avenue, Monrovia, a 48,000 square foot office building. More >
Topa Financial Plaza Welcomes DeVry and NewLeads
Jun 1st
| OXNARD, CA – Ventura County’s prestigious Topa Financial Plaza in Oxnard, California will welcome two new tenants to its office complex during the summer. Bill Kiefer, SIOR and Steve Doll with NAI Capital’s Ventura County office represented Topa Management in the lease of two separate office spaces totaling over 21,000 square feet. More > |