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.

The Special Olympics Southern California (SOSC) has recently moved into their new Headquarters on Forbes Way.  Previously the SOSC had two offices; one in Long Beach and another in Gardena which also includes the Los Angeles Region program.  Now all staff and operations for Southern California are combined into one convenient location.

According to lease data provided by AIR Commercial Real Estate Association, this transaction was the second largest office space leased in Long Beach between January 1 and April 30, 2013 (Source: AIREA May 9, 2013).

“Special Olympics is thrilled to be located in this outstanding office facility,” said Bill Shumard, President & CEO of SOSC. “We are confident that this will be an ideal headquarters building for us.” More than 13,000 athletes with intellectual disabilities participate through sports training and competition programs provided by SOSC in 11 counties.

About Special Olympics

The mission of Special Olympics is to provide year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities, giving them continuing opportunities to develop physical fitness, demonstrate courage, experience joy and participate in a sharing of gifts, skills and friendship with their families, other Special Olympics athletes and the community. To learn more, visit www.sosc.org

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 sfitzgerald@naicapital.com

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.

“The Buyer was attracted to this unique opportunity to purchase a studio-building located in the heart of an increasingly desirable submarket within this well-known post-production district of Hollywood. This location was previously the original home of FilmCore (established in 1976), which had since relocated,” notes Michael B. Rubin with NAI Capital.

The property is currently home to Sunset Edit, a private editing facility that provides post-production services to film, TV and most notably, music video.    The Spanish designed building contains executive offices, editing bays, a screening room, shipping/receiving, patio and creative open space.  Included in the sale, and located behind the building, is a separate parcel that is a parking lot for 20 cars. In the Heart of Hollywood’s Urban Renaissance the property is located central to the Hollywood Entertainment/Media District.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840.

Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 sfitzgerald@naicapital.com

LOS ANGELES, CA

“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.

Marie Taylor remarked, “As part of our comprehensive marketing strategy, we plan to implement an inclusive approach by reaching out to the various neighborhood associations, as well as city council leadership to find out their thoughts on the highest and best use for the property.”

The Scottish Rite Masonic Temple was built in 1960, it is a four-story 89,768 square feet building situated on two acres of land. The Freemasonry or Masons are the oldest and largest world-wide fraternity.  Famous members include Henry Ford, Franklin D. and Theodore Roosevelt, Mark Twain, and many others.   This historic property offers a 2,000 seat live stage theater with mezzanine, various, meeting rooms, offices, a large ballroom on the top floor, four elevators, and 260 surface and subterranean parking spaces.

The late Millard Sheets is a world renowned Los Angeles architect who made irreplaceable contributions to Southern California’s art and architecture legacy. Sheets designed the building, painted three of the murals inside and hired acclaimed stone mason carver, Albert Stewart, for his exceptional stone work. Amongst other contributions, he was a major force in developing the Scripps College art department and in creating both Otis Art Institute and CalArts (the latter at Walt Disney’s request) and under his leadership they added BFA and MFA degrees. Sheets dotted SoCal with over 50 gilded, modern bank buildings (now mostly Chase Banks) that are now part of the landscape to any native. (L.A. Times, 1994 article).

In his own words, from an interview he gave in 1977, Sheets noted on the property “The Scottish Rite Cathedral was one of the most exciting projects I ever had anything to do with.”

The property is located at the southern border of Windsor Square, just two blocks east of Hancock Park, two of the most affluent areas of Los Angeles.  It is directly accessible by surface streets to Koreatown and Downtown Los Angeles to the east and Century City and Beverly Hills to the west.  Windsor Square also contains the popular Larchmont Village, which is a tree lined old fashioned “main street” with a retail district, restaurants, and sidewalk cafes.  Windsor Square is also home to Getty House, the official residence of the Mayor of Los Angeles.

The area was designated a City of Los Angeles Historic Preservation Overlay Zone. The property is located less than one mile from the Wilshire/Western Purple Line Metro Station.  Located just five miles from Downtown Los Angeles and centrally located between the 10, 110 and 101 freeways.

Dan Bacani, NAI Capital, Senior Vice President (626) 204-1525 (office) dbacani@naicapital.com DRE License Number: 01385413.  Bacani specializes in the sales and leasing of retail, restaurant, office and downtown mixed-use properties.  He leverages his knowledge of local economic policies, zoning laws and city government resources to the benefit of his clients.

Marie Taylor, NAI Capital, Senior Vice President (626) 204-1525 Marie Taylor mtaylor@naicapital.com DRE License Number: 01233430. Taylor is a LEED AP and specializes in selling and leasing. Her services include site evaluation, demographic analysis, investment analysis and market analysis.

In 2011 Bacani and Taylor joined forces and as a team, their diversified skill sets and unique experiences have proven to be invaluable to their clients.

VENTURA, CA –

“City Center is a three building complex with a diverse array of tenants.  Each building is unique in that they are all on separate legal parcels.  The ownership is a family trust that we have represented for over 30 years.  Their intent is to include this office complex into their personal portfolio.  The Property will be a long term held investment.  The attraction was the diverse array of tenant mix and the fact that the majority of the tenants are small to medium sized applications, noted Foutz.

The owners of a three-building office complex in Ventura sold the properties after major renovations significantly boosted occupancy rates.

To address the changing office market, the Sellers, CT Realty Investors Inc., renovated the space and reduced many of the large vacant spaces to 3,000 square feet or less.  The company also put in new air-conditioning and heating units, upgraded the landscaping, replaced parking lot lights, fixed window soffits, painted the buildings’ exteriors and spruced up the hallways and lobbies.

The 5.2 acre campus is situated on Ralston Street just west of the South Victoria Avenue corridor and a half -mile north of the 101 Freeway and one mile south of Highway 126. The City Center provides Tenants with easy access to the Ventura County Government Center as well as numerous retail amenities.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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IRVINE, CA

“Many property owners have found themselves in a situation where selling a building at a loss is still better than waiting for the market to comeback.  This was the case of this sales transaction that closed in September.  The partnership had major problems and they looked to NAI Capital to help solve them.  By bringing the Sellers an all cash offer with a two week close, it prevented the loan from going into default and allowed the partnership to unwind without any more financial effects, “said Manion.

The property is part of the Brenexus Limited Edition Business Park and is located near Irvine Spectrum Center.  Its location offers lush landscape, spacious pedestrian areas and abundant parking. The corner unit building boasts full-size windows set in a burnished block facade, creating a balance of visual integrity and practical application.

The property is strategically located at the heart of the Irvine Spectrum, Orange County’s rapidly growing center for business and entertainment. Fronting the 405 San Diego Freeway at the Bake Pkwy exit, the Brenexus development provides direct access to the Spectrum’s vibrant shops and restaurants, with immediate access to Interstate 5 and Toll Roads, and is just minutes away from Orange County’s John Wayne Airport.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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COVINA, CA

“The Seller had an appraisal completed prior to listing the property for sale.  After a detailed market analysis, and an alternative look at the property’s potential uses, Marie and I strongly disagreed with the appraiser’s opinion of value.  We focused on our existing community relationships and implemented a robust social media campaign to find the ideal buyer who would respect the city’s wish to preserve this historically significant property.  Ultimately, we worked with an all-cash buyer and closed at a price that was nearly 45% higher than what the appraiser had suggested.  Our clients were very pleased,” said Dan Bacani.

This historically significant structure which was previously home to the Masons of California was dutifully preserved in terms of the architectural integrity of the structure. The building is comprised of two large meeting halls (one on the first floor and the other on the second floor), a full-service commercial kitchen area and several private rooms. The dramatic 14’ ceilings, double stairway to the second floor, and historical significance made this property very attractive to the Buyer who plans to make this into a cultural institute.

The Buyer, Master Wan Ko Yee International Cultural Institute, promotes the many spiritual and artistic achievements of Master Wan Ko Yee (His Holiness Dorje Chang Buddha lll Wan Ko Yeshe Norbu) in the fields of Buddhism, Chinese culture, ethics, literature, poetry, calligraphy, painting, music, and Chinese medicine.

The property is located within Downtown Covina, and just minutes from the I-10 and I-210 freeways.  It is in walking distance to sixteen eateries and restaurants.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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“We looked at numerous sites around Culver City and the challenge was to find a building in the proximity of the new Metro Expo line and I-10 Freeway that could be converted to dental use and this buildings size and location fit the criteria of the Buyer.  We were able to identify this building, which is located in Culver City’s East Washington Overlay Zone, and an office use is permitted at this location.  Since the previous use (an art gallery) requires the same number of parking spaces as an office use, additional parking spaces are not required,” said Patriarca.

The corner building, with high street visibility, is located in the Culver City Arts District and has ample foot traffic, city parking structures nearby and immediate access to (I-10) Freeway. The property contains an atrium and architecturally distinctive features which will be incorporated into the overall design and will be completely renovated and improved to a state-of-the-art dental facility.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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LOS ANGELES, CA

“The buyer was attracted to the stable cash flow and unique architecture of the building. In addition, the building is located in the heart of an increasingly desirable live/work submarket which will only get better once the proposed projects in the area are built,” said Strano.

The property is currently home to Panavision Hollywood, a private photographic equipment and supplies company.  Panavision will continue to lease 100% of the property through 2016 with an option to extend.  The unique architecturally designed building contains executive offices, boardroom, screening room, shipping/receiving, patio and open space.  The building also has 30 parking spaces and an additional 60 parking spaces located across the street.

In the Heart of Hollywood’s Urban Renaissance the property is located central to the Hollywood Entertainment/Media District.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related cnsulting and advisory services. To learn more, visit www.naicapital.com  NAI Capital Brokerage DRE #00806840

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VAN NUYS, CA –

“This Tenant was looking to consolidate several community service programs into a central location and the availability of this building as well as its ideal location has afforded them that opportunity,” noted Scullin. “This Center will serve as a tremendous amenity to the community and we are all appreciative of the support we received from various city groups which assisted us in making this happen.” noted Leyner.

Former home to the Social Security Administration, this building offers, higher than average security safeguards, controlled access to HVAC, over 100 feet of street frontage on Van Nuys Blvd., is seismically retrofitted and meets all current State and County codes.

Centrally located in the San Fernando Valley, the new Tenant plans to convert this property into a Community Mental Health facility.  The San Fernando Valley Community Mental Health Center, Inc. founded in 1970, is a private, non-profit agency dedicated to improving the mental health of individuals and families within the community. Primary emphasis is placed on providing services to children, adolescents and transitional age youth with serious emotional disorders, and services for adults and older adults with severe and persistent mental illness. The Center is committed to treating all consumers with dignity and enhancing their quality of life (source www.movinglivesforward(dot)org).

Neighboring landmarks include the San Fernando Valley Civic Center, City Hall, and the Van Nuys Court House.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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“The property resides in a highly desirable master planned office park with many amenities a property features. Our experienced team worked diligently to structure the best possible long term lease renewal and our client was pleased with the outcome,” noted Kiefer.

The property is located in the 12-building Topa Financial Plaza which is the premier business address in Ventura County.  The clients’ ground floor branch and administrative offices are within the 22 story Morgan Stanley Tower.  Property amenities include conference facilities, abundant parking, restaurants, a 160-room Radisson Hotel in walking distance, and immediate access to the Ventura Freeway (US 101) via the Vineyard Avenue exit.

About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840
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