Commercial Real Estate

Santa Monica Retail Building Sells to Owner-User


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FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1 MILLION RETAIL SALE TO OWNER USER BUYER IN SANTA MONICA, CA

January 15, 2013

SANTA MONICA, CA – A private seller has sold its Santa Monica retail storefront property at 2626 Lincoln Boulevard for $1,025,000 to an owner-user buyer.

“The Buyer obtained a SBA loan.” Brian Peterson said. The building size is 1,960 square feet and sits on a 4,038 square foot lot.

T.C. Macker, CCIM and <a href="mailto:tcmacker of Coldwell Banker Commercial WESTMAC represented the Seller and Shirin Talai at Gold Coast represented the Buyer.

About Coldwell Banker Commercial

Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”

#CBC, #westmac, #westlacommercial, #crewla, #crela, #tcmacker

Commercial Real Estate

Santa Monica retail building sells in one week escrow


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COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.35 MILLION RETAIL SALE TO 1031 EXCHANGE BUYER IN SANTA MONICA, CA

December 27, 2012

SANTA MONICA, CA – A private seller has sold its Santa Monica retail storefront property at 2407 Main Street for over $1.35 million to a 1031exchange buyer.

“This was an off-market transaction with a one week escrow period.” William Althouse said. The building size is 2,422 square feet and sits on a 2,496 square foot lot. Mr. Althouse added “It was a win-win for Buyer and Seller; Seller closed prior to year-end and Buyer satifisfied its 1031 exchange.”

T.C. Macker, CCIM and <a href="mailto:tcmacker of Coldwell Banker Commercial WESTMAC represented the Seller and the Buyer.

About Coldwell Banker Commercial

Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”

#CBC, #westmac, #westlacommercial, #crewla, #crela, #tcmacker

Commercial Real Estate

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4 MILLION OFFICE BUILDING SALE TO 1031 EXCHANGE BUYER IN SANTA MONICA, CA


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SANTA MONICA, CA – A private seller, based out of Las Vegas, has sold its Santa Monica office and residential mixed-use property at 1540 7th Street for $4,350,000 to a 1031exchange buyer.

“We had 10 offers throughout our marketing process and great buyer interest.” T.C. Macker, CCIM said. The building size is 9,095 square feet and sits on a 7,500 square foot lot. And Mr. Macker added “Downtown Santa Monica properties are in high demand.”

T.C. Macker, CCIM and <a href="mailto:althouse of Coldwell Banker Commercial WESTMAC represented the Seller and Doug Rickard and Dieter Tack of ADR Preferred Business Properties represented the Buyer.

About Coldwell Banker Commercial

Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”

#crewla #crela #tcmacker

Commercial Real Estate

WSJ article: Tech Titans Hit the Beach 10-5-12


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Here’s an excellent WSJ article on the positive effect of tech and entertainment on residential and commercial real estate in Santa Monica: http://online.wsj.com/article/SB10000872396390444450004578004381307933850.html?KEYWORDS=nms+properties “Prices are soaring in the beachfront communities tech types favor, and rents in these areas are growing at a faster rate than in other parts of the city.”

Commercial Real Estate

Retail Property Sells on Wilshire in Santa Monica


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COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES SALE TRANSACTION IN SANTA MONICA

September 27, 2012

SANTA MONICA, CA – A private seller has sold its Santa Monica retail property at 2301 Wilshire Boulevard for $1,855,000 to local developer.

“The ultimate goal is to redevelop the property.” Geno St. John said. The building size is 1,987 square feet on a 4,413 square foot lot. And Mr. St. John added “Commercial properties rarely trade on Wilshire in Santa Monica and the Buyer got a great location across from Whole Foods Market.”

Geno St. John, William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the seller, and Mitch Stokes of Madison Partners represented the buyer in the negotiations.

About Coldwell Banker Commercial WESTMAC

Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”