Commercial Real Estate

Trophy Retail Property Sells in West Hollywood


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COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $2.65 MILLION SALE IN WEST HOLLYWOOD

June 7, 2012

West Hollywood, CA – A local investor group sold the property known as “Vanessa Bruno store” at 8448 Melrose Avenue for $2,625,000 to New York based private investor.

The 2,571 square foot leased single tenant retail building sold for over $1,000 per square foot.

“We had multiple offers and great interest for this trophy retail asset” T.C. Macker, CCIM said.

William Althouse of Coldwell Banker Commercial WESTMAC represented the Buyer and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller.

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.”

http://www.westlacommercial.com

Commercial Real Estate

$4.3 million sale in Santa Monica


COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $4.3 MILLION SALE IN SANTA MONICA

May 15, 2012

SANTA MONICA, CA – A pension fund advisor has sold the property known as 1318 Lincoln Boulevard in Santa Monica for $4,300,000 to local mixed-use developer.

The property has a 6,600 square foot office building on the site but was vacant at close of escrow. The lot size is 15,000 square feet.

“The property was purchased in an ‘off market’ transaction” T.C. Macker, CCIM said.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented Buyer and Bryan Dunne at CBRE represented the Seller.

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.”

Commercial Real Estate

Lease in West Los Angeles


FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES LARGE LEASE TRANSACTION IN WEST LOS ANGELES

April 15, 2012

WEST LOS ANGELES, CA – New West Charter School has leased 50,000 square feet for fifteen years at 1905 Armacost in West Los Angeles. The new high school will occupy the entire property.

“New West is a top performing middle school and the Armacost site will enable the school to expand its educational footprint on the Westside”. Geno St. John said. Cory Campbell added, “With such a strong demand for quality public education, the expanded New West program will be a true benefit to the community and a model for the on-going charter school movement.”

Historically the building has been utilized for manufacturing, assembly, storage and other industrial uses but will be completely renovated into a “state-of-the-art” school facility.

Dennis Smith and Cory Campbell of Travers Realty represented the school. Geno St. John, William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the landlord, a private family, in the negotiations.

About Coldwell Banker Commercial Affiliates, Inc.

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.”

Commercial Real Estate

$3.7 million sale in Santa Monica


SANTA MONICA, CA – Two family trusts have sold the property known as 2901-2911 Santa Monica Boulevard and 1347-1349 Yale Street in Santa Monica for $3,700,000 to local mixed-use developer.

The property currently is a mix of retail showroom, street retail and apartment units comprised of approximately 13,656 square feet. The lot size is 19,125 square feet.

“When the leases expire, the buyer plans to redevelop the property” T.C. Macker, CCIM said.

T.C. Macker, CCIM and William Althouse of Coldwell Banker Commercial WESTMAC represented both Buyer and Seller.

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 36 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 be the #1 office, we also had the 2009 distinction of having the #1 producer out of 3,400 professionals worldwide, Lloyd Bakan. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors. For additional information on Coldwell Banker Commercial WESTMAC, visit the company’s Web site at http://www.westmac.com, or contact us at 310-966-4352.

Commercial Real Estate

Sale in Hawthorne


HAWTHORNE, CA – A private family trust sold 13901 Hawthorne Boulevard for $510,000 to a local investor.

“This was a former Enterprise Rent-A-Car site but delivered vacant at close of escrow” William Althouse said. The building size is 1,793 Square Feet.

The team of William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. The listing team worked with Jeff Sakiri of CL Realty to represent the buyer.

Commercial Real Estate

Sale in Lawndale


LAWNDALE, CA – A private family trust sold 15106 Hawthorne Boulevard for $870,000 to a local investor and owner-user.

“The buyer intends to build a medical building for their dental practice” William Althouse said. The land size is 15,185 Square Feet.

The team of William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller as well as the Buyer.