Archive for April, 2007

Redondo Beach Listings - 2217 CURTIS #C, REDONDO

2217 CURTIS #C, REDONDO BEACH, CA 90278 - 2 beds 1 bath ? sq ft - $529,000

5500 TORRANCE BLVD. AT PROSPECT, REDONDO BEACH, CA - 3 beds 2 1/2 baths ? sq ft - $519,000

April 30th, 2007 at 07:00pm

Torrance Listings - 2158 237TH STREET, TORRANCE,

2158 237TH STREET, TORRANCE, CA - 12,000 sq ft - $998,000

23701 WESTERN AVE # 11, TORRANCE, CA 90501 - 3 beds 1 1/2 baths ? sq ft - $70,000

21617 ANZA AVE, TORRANCE, CA 90503 - 3 beds 2 baths ? sq ft - $715,000

April 30th, 2007 at 05:00pm

Manhattan Beach Listings - 1619 3RD STREET, MANHATTAN

1619 3RD STREET, MANHATTAN BEACH, CA - 5 beds 4 1/2 baths 4,428 sq ft - $2,799,000

3005 CREST DRIVE, MANHATTAN BEACH, CA 90266 - 3 beds 3 baths ? sq ft - $2,800,000

April 30th, 2007 at 03:00pm

South Bay Realestate News - Caplease Closes on Purchase

Caplease Closes on Purchase of 18-Property Portfolio
Caplease LP, the operating partnership subsidiary of Capital Lease Funding Inc., a New York-based REIT, closed on its purchase of 18 net-leased properties. The deal is valued at $364.4 million, including $159.3 million of assumed debt.The deal includes…

Shorenstein Buys Redwood City Office Complex
Shorenstein Properties LLC has acquired 1400 and 1500 Seaport Blvd. in Redwood City’s Pacific Shores Center from Starwood Capital Group.Shorenstein acquired the two five-story buildings totaling 447,747 square feet for $249.8 million, or $558 a square…

April 30th, 2007 at 04:00am

Lomita Listings - 1844 261ST STREET, LOMITA,

1844 261ST STREET, LOMITA, CA 90717 - 2 beds 2 baths ? sq ft - $579,000

25972 ESHELMAN AVE, LOMITA, CA 90717 - 4 beds 4 baths ? sq ft - $789,900

April 30th, 2007 at 12:00am

Redondo Beach Listings - 1305 PHELAN LN, REDONDO

1305 PHELAN LN, REDONDO BEACH, CA 90278 - ? sq ft - $1,024,900

2307 BELMONT LANE, REDONDO BEACH, CA - 4 beds 2 1/2 baths 2,440 sq ft - $949,000

April 29th, 2007 at 07:00pm

Torrance Listings - 19129 ANZA AVE, TORRANCE,

19129 ANZA AVE, TORRANCE, CA 90503 - 3 beds 2 baths ? sq ft - $649,000

3415 ARTESIA BOULEVARD AT EAST OF YUKON WEST OF CRENSHAW, TORRANCE, CA - ? sq ft - $489,000

221 CAMINO DE LAS COLINAS, TORRANCE, CA 90501 - 2 beds 2 1/2 baths ? sq ft - $575,000

April 29th, 2007 at 05:00pm

Manhattan Beach Listings - 3300 OCEAN DRIVE, MANHATTAN

3300 OCEAN DRIVE, MANHATTAN BEACH, CA 90266 - 3 beds 3 1/2 baths ? sq ft - $3,149,000

3412 PACIFIC AVE, MANHATTAN BEACH, CA - 3 beds 3 1/2 baths 2,214 sq ft - $1,349,000

April 29th, 2007 at 03:00pm

South Bay Real Estate News - CoStar Lead Street (April

CoStar Lead Street (April 22-28): NYT's Costly Lease
In this week's CoStar Lead Street, we report how the New York Times found out that the fine print on its lease wasn't good fiscal news; plus we highlight three funds targeting apartments, student housing and retail development; report on four real estate…

ProLogis Goes Down Under for 138 North American Properties
ProLogis has entered into an agreement to buy all of the outstanding units in Macquarie ProLogis Trust, an Australian listed property trust of which ProLogis is a founding partner. ProLogis is also the property manager and 11% co-owner of assets it plans…

April 29th, 2007 at 06:00am

South Bay Realestate News - Group Makes Land Deal

Group Makes Land Deal with Rawson, Blum & Leon
A group of private individuals sold three parcels of land at 3015 San Pablo Ave. in Berkeley to RB Tech Center for $3.4 million.The 3/4-acre plot of land is in the prime real estate market of Berkeley. Rawson, Blum & Leon plans to build a $40 million…

CoStar Lead Street (April 22-28): NYT's Costly Lease
In this week's CoStar Lead Street, we report how the New York Times found out that the fine print on its lease wasn't good fiscal news; plus we highlight three funds targeting apartments, student housing and retail development; report on four real estate…

April 29th, 2007 at 04:00am

Redondo Beach Listings - 2707 CARNEGIE LN, REDONDO

2707 CARNEGIE LN, REDONDO BEACH, CA 90278 - 2 beds 1 1/2 baths ? sq ft - $649,000

2219 VANDERBILT AT ARTESIA AND SLAUSON, REDONDO BEACH, CA - 2 beds ? baths ? sq ft - $562,000

2111 MATHEWS AVENUE, REDONDO BEACH, CA - 4 beds 2 1/2 baths 1,888 sq ft - $699,000

April 28th, 2007 at 07:00pm

Torrance Listings - 5253 VANDERHILL, TORRANCE, CA

5253 VANDERHILL, TORRANCE, CA 90505 - 4 beds 3 1/2 baths ? sq ft - $1,999,999

2227 DEL AMO AT CRENSHAW, TORRANCE, CA - 1 bed 1 bath ? sq ft - $499,900

April 28th, 2007 at 05:00pm

Manhattan Beach Listings - 3300 OCEAN DRIVE, MANHATTAN

3300 OCEAN DRIVE, MANHATTAN BEACH, CA 90266 - 3 beds 3 1/2 baths ? sq ft - $3,149,000

1466 MANHATTAN BEACH BLVD, MANHATTAN BEACH, CA - 2 beds 2 baths 859 sq ft - $513,900

April 28th, 2007 at 03:00pm

South Bay Realestate News - Retail Building in Sunnyvale

Retail Building in Sunnyvale Sells for $455 PSF
Yeung Saulun and Sherry Trust acquired the retail building at 1255 W. El Camino Real from a private investor for $4.25 million, or about $455 per square foot. The purchase was financed with a loan of $3 million from Far East National Bank.The 9,342…

Watch List (April 22-28): Mortgage Grim Reaper Cuts into Calif.
In this issue, we report on: 2,400 layoffs coming in Southern California starting this week as a fallout from the subprime mortgage meltdown; signs of additional troubles in the office property sector; and give you the latest facility closures and properties…

Five CPS/Corfac International Brokers Move to CBRE
Jeff Houston, Sherman Chan, Mike Benevento, Kirsten Grado, and Mike Filice have all moved from CPS/Corfac International in Santa Clara to CB Richard Ellis is San Jose. The group cited the main reason for leaving CPS is a better opportunity for more national…

April 28th, 2007 at 04:00am

Lomita Listings - 25344 PENNSYLVANIA AVE, LOMITA,

25344 PENNSYLVANIA AVE, LOMITA, CA 90717 - 2 beds 2 baths ? sq ft - $129,000

April 28th, 2007 at 12:00am

Redondo Beach Listings - 210 VIA EL TORO,

210 VIA EL TORO, REDONDO BEACH, CA 90277 - 4 beds 3 baths ? sq ft - $1,672,000

2707 CARNEGIE LN, REDONDO BEACH, CA 90278 - 2 beds 1 1/2 baths ? sq ft - $649,000

April 27th, 2007 at 07:00pm

Torrance Listings - 1432 W 227TH ST,

1432 W 227TH ST, TORRANCE, CA 90501 - 2 beds 2 baths ? sq ft - $309,999

5108 DEELANE, TORRANCE, CA 90503 - 3 beds 1 bath ? sq ft - $685,000

5228 VANDERHILL ROAD, TORRANCE, CA 90505 - 4 beds 5 baths 3,384 sq ft - $1,750,000

April 27th, 2007 at 05:00pm

Manhattan Beach Listings - 910 2ND STREET, MANHATTAN

910 2ND STREET, MANHATTAN BEACH, CA 90266 - 5 beds 4 baths 3,400 sq ft - $2,795,000

April 27th, 2007 at 03:00pm

South Bay Realestate News - Retail Building in Sunnyvale

Retail Building in Sunnyvale Sells for $455 PSF
Yeung Saulun and Sherry Trust acquired the retail building at 1255 W. El Camino Real from a private investor for $4.25 million, or about $455 per square foot. The purchase was financed with a loan of $3 million from Far East National Bank.The 9,342…

Group Makes Land Deal with Rawson, Blum & Leon
A group of private individuals sold three parcels of land at 3015 San Pablo Ave. in Berkeley to RB Tech Center for $3.4 million.The 3/4-acre plot of land is in the prime real estate market of Berkeley. Rawson, Blum & Leon plans to build a $40 million…

Sirenza Moves Operations to Tasman Bldg. in San Jose
Sirenza Microdevices Inc. leased space at 105 E. Tasman Drive in San Jose. It includes 35,424 square feet of flex space that is in the North Pointe Business Park. The terms and value of the deal where not disclosed.This single-story, Class B flex…

April 27th, 2007 at 04:00am

Redondo Beach Listings - 410 N. BROADWAY #B,

410 N. BROADWAY #B, REDONDO BEACH, CA 90277 - 3 beds 2 1/2 baths ? sq ft - $799,000

734 ESPLANADE B, REDONDO BEACH, CA 90277 - 2 beds 3 baths 2,670 sq ft - $2,390,000

CALL 951-738-1879 FOR MORE INFO, REDONDO BEACH, CA 90278 - 3 beds 3 1/2 baths ? sq ft - $700,000

April 26th, 2007 at 07:00pm

Torrance Listings - 5619 ALIX CT, TORRANCE,

5619 ALIX CT, TORRANCE, CA 90503 - 4 beds 3 1/2 baths ? sq ft - $1,195,000

22922 NADINE # B, TORRANCE, CA 90505 - 2 beds 1 1/2 baths ? sq ft - $450,000

21702 EVALYN AVE, TORRANCE, CA 90503 - 3 beds 1 1/2 baths ? sq ft - $742,000

April 26th, 2007 at 05:00pm

Manhattan Beach Listings - 1208 TENNYSON ST, MANHATTAN

1208 TENNYSON ST, MANHATTAN BEACH, CA 90266 - 3 beds 3 baths ? sq ft - $899,000

306 ANDERSON ST., MANHATTAN BEACH, CA 90266 - 4 beds 2 1/2 baths 2,100 sq ft - $1,687,000

April 26th, 2007 at 03:00pm

El Segundo Listings - 1305 E GRAND AVE,

1305 E GRAND AVE, EL SEGUNDO, CA 90245 - 3 beds 3 baths ? sq ft - $699,000

826 MAIN ST, EL SEGUNDO, CA 90245 - 3 beds 3 baths ? sq ft - $799,000

April 26th, 2007 at 02:00pm

South Bay Real Estate News - CoStar's Daily Deals of

CoStar's Daily Deals of Note for Thursday
SEATTLEHistoric Exchange Building in Seattle Sells for $80.6Mby Amy UsoegbuCrescent Real Estate Equities Co. sold the 295,515-square-foot Exchange Building in Seattle for $80.6 million, or about $273 per square foot. A joint venture between GE…

April 26th, 2007 at 06:00am

South Bay Realestate News - CoStar's Daily Deals of

CoStar's Daily Deals of Note for Wednesday
SAN FRANCISCOArchon Group Acquires Foundry Square Bldg. for $120Mby Priya DuaArchon Group, a subsidiary of Goldman Sachs, purchased Foundry Square property 301 Howard St. in San Francisco from Sterling American Equities and Hines for $120 million…

Five CPS/Corfac International Brokers Move to CBRE
Jeff Houston, Sherman Chan, Mike Benevento, Kirsten Grado, and Mike Filice have all moved from CPS/Corfac International in Santa Clara to CB Richard Ellis is San Jose. The group cited the main reason for leaving CPS is a better opportunity for more national…

Group Makes Land Deal with Rawson, Blum & Leon
A group of private individuals sold three parcels of land at 3015 San Pablo Ave. in Berkeley to RB Tech Center for $3.4 million.The 3/4-acre plot of land is in the prime real estate market of Berkeley. Rawson, Blum & Leon plans to build a $40 million…

April 26th, 2007 at 04:00am

Redondo Beach Listings - 522 N GERTRUDA AVE,

522 N GERTRUDA AVE, REDONDO BEACH, CA 90277 - 2 beds 1 bath ? sq ft - $749,000

2114 BATAAN RD, REDONDO BEACH, CA 90278 - 4 beds 4 baths ? sq ft - $1,049,000

6010 PACIFIC COAST HWY #9, REDONDO BEACH, CA - 2 beds 2 1/2 baths 1,380 sq ft - $700,000

April 25th, 2007 at 07:00pm

Torrance Listings - 22317 HARBOR RIDGE LANE

22317 HARBOR RIDGE LANE #2, TORRANCE, CA - 3 beds 1 1/2 baths 1,287 sq ft - $469,000

23117 NE BERENDO AVE, TORRANCE, CA 90502 - 4 beds 3 baths ? sq ft - $670,000

April 25th, 2007 at 05:00pm

Manhattan Beach Listings - 125 MOONSTONE, MANHATTAN BEACH,

125 MOONSTONE, MANHATTAN BEACH, CA 90266 - 3 beds 2 baths ? sq ft - $1,125,000

1202 TENNYSON ST, MANHATTAN BEACH, CA 90266 - 3 beds 3 baths ? sq ft - $899,000

April 25th, 2007 at 03:00pm

South Bay Realestate News - BEA Completes 2 Multimillion-Dollar

BEA Completes 2 Multimillion-Dollar Deals in San Jose
BEA Systems Inc., a leading provider of business software, sold a 40-acre parcel in San Jose for $108 million to Tishman Speyer, developer and fund manager, and then purchased the 381,000-square-foot office building at 488 Almaden Blvd. from the Sobrato…

CoStar's Daily Deals of Note for Tuesday
NATIONAL MARKETSCaplease Closes on Purchase of 18-Property Portfolioby Andrew BurrCaplease LP, the operating partnership subsidiary of Capital Lease Funding Inc., a New York-based REIT, closed on its purchase of 18 net-leased properties. The deal…

Shorenstein Buys Redwood City Office Complex
Shorenstein Properties LLC has acquired 1400 and 1500 Seaport Blvd. in Redwood City’s Pacific Shores Center from Starwood Capital Group.Terms were not disclosed for the purchase of the two five-story buildings totaling 447,747 square feet. Eastdil…

April 25th, 2007 at 04:00am

Lomita Listings - 25562 OAK AT PACIFIC

25562 OAK AT PACIFIC COAST HIGHWAY, LOMITA, CA - 2 beds 2 1/2 baths 1,496 sq ft - $498,000

April 25th, 2007 at 12:00am

Redondo Beach Listings - 2614 SPRECKELS LN, REDONDO

2614 SPRECKELS LN, REDONDO BEACH, CA 90278 - 3 beds 1 bath ? sq ft - $750,000

1410 ARTESIA BLVD. AT DIXON ST., REDONDO BEACH, CA - 3 beds 2 baths 2,000 sq ft - $929,000

603 N. GUADALUPE AT CARNELIAN, REDONDO BEACH, CA - 3 beds 2 baths ? sq ft - $855,000

April 24th, 2007 at 07:00pm

Torrance Listings - 5508 CALLE MAYOR, TORRANCE,

5508 CALLE MAYOR, TORRANCE, CA 90505 - 3 beds 2 baths ? sq ft - $929,000

1281 AT CABRILLO, TORRANCE, CA - 2 beds 2 baths ? sq ft - $389,000

April 24th, 2007 at 05:00pm

Manhattan Beach Listings - 760 ROSECRANS AVENUE, MANHATTAN

760 ROSECRANS AVENUE, MANHATTAN BEACH, CA - 3 beds 2 baths 1,050 sq ft - $830,000

108 S DIANTHUS ST, MANHATTAN BEACH, CA 90266 - 4 beds 4 baths ? sq ft - $3,549,000

April 24th, 2007 at 03:00pm

El Segundo Listings - 822 MAIN STREET, #3,

822 MAIN STREET, #3, EL SEGUNDO, CA 90245 - 3 beds 2 1/2 baths 2,050 sq ft - $825,000

770 W IMPERIAL AVE, EL SEGUNDO, CA 90245 - 2 beds 2 baths ? sq ft - $439,000

April 24th, 2007 at 02:00pm

South Bay Realestate News - Praedium, South Bay JV

Praedium, South Bay JV Sells Business Park for $35M
Coronado Stender Associates LLC, a joint venture of Praedium Group from New York, NY, and the South Bay Development Co. from Campbell, CA, sold the Coronado Stender Business Park in Santa Clara for $35 million. The price per square foot of the sale was…

CoStar's Daily Deals of Note for Monday
NEW YORK CITYBoymelgreen/Africa Israel JV Deals Former Banker's Trust Bldg.by Teresa DodsonLeviev Boymelgreen, the joint venture of Boymelgreen Group and Africa Israel Investments, has closed on its sale the iconic former Banker's Trust building…

Caplease Closes on Purchase of 18-Property Portfolio
Caplease LP, the operating partnership subsidiary of Capital Lease Funding Inc., a New York-based REIT, closed on its purchase of 18 net-leased properties. The deal is valued at $364.4 million, including $159.3 million of assumed debt.The deal includes…

April 24th, 2007 at 04:00am

South Bay Realestate News - Watch List (April 15-21):

Watch List (April 15-21): Coming Conundrum
In this week's Watch List Dr. Jack Corgel of Cornell University and senior advisor to PKF Hospitality Research tells why he thinks hotel heydays may be coming to an end. Also we report on: Citigroup's plans to layoff 17,000 workers and the latest facility…

Shorenstein Buys Redwood City Office Complex
Shorenstein Properties LLC has acquired 1400 and 1500 Seaport Blvd. in Redwood City’s Pacific Shores Center from Starwood Capital Group.Terms were not disclosed for the purchase of the two five-story buildings totaling 447,747 square feet. Eastdil…

April 23rd, 2007 at 04:00am

Lomita Listings - 25835 WESTERN AVE. AT

25835 WESTERN AVE. AT 259TH PL., LOMITA, CA - 3 beds ? baths 2,350 sq ft - $1,200,000

April 23rd, 2007 at 12:00am

Redondo Beach Listings - 1212 FORD AVE, REDONDO

1212 FORD AVE, REDONDO BEACH, CA 90278 - 2 beds 1 bath 914 sq ft - $750,000

660 THE VILLAGE, REDONDO BEACH, CA 90277 - ? sq ft - $449,000

869 AVENUE A, REDONDO BEACH, CA 90277 - 3 beds 3 baths ? sq ft - $1,174,500

April 22nd, 2007 at 07:00pm

Torrance Listings - 5253 VANDERHILL, TORRANCE, CA

5253 VANDERHILL, TORRANCE, CA 90505 - 4 beds 3 1/2 baths ? sq ft - $1,999,999

1850 TORRANCE BLVD AT CABRILLO, TORRANCE, CA - 3 beds 3 1/2 baths 1,800 sq ft - $658,000

April 22nd, 2007 at 05:00pm

Manhattan Beach Listings - 1850 MANHATTAN AVE, MANHATTAN

1850 MANHATTAN AVE, MANHATTAN BEACH, CA 90266 - 4 beds 4 baths 3,700 sq ft - $5,200,000

1104 AT HIGHLAND AVE, MANHATTAN BEACH, CA - ? sq ft - $1,000,000

April 22nd, 2007 at 03:00pm

South Bay Real Estate News - Shorenstein Buys Redwood City

Shorenstein Buys Redwood City Office Complex
Shorenstein Properties LLC has acquired 1400 and 1500 Seaport Blvd. in Redwood City’s Pacific Shores Center from Starwood Capital Group.Terms were not disclosed for the purchase of the two five-story buildings totaling 447,747 square feet. Eastdil…

Five CPS/Corfac International Brokers Move to CBRE
Jeff Houston, Sherman Chan, Mike Benevento, Kirsten Grado, and Mike Filice have all moved from CPS/Corfac International in Santa Clara to CB Richard Ellis is San Jose. The group cited the main reason for leaving CPS is a better opportunity for more national…

April 22nd, 2007 at 06:00am

South Bay Realestate News - Shorenstein Buys Redwood City

Shorenstein Buys Redwood City Office Complex
Shorenstein Properties LLC has acquired 1400 and 1500 Seaport Blvd. in Redwood City’s Pacific Shores Center from Starwood Capital Group.Terms were not disclosed for the purchase of the two five-story buildings totaling 447,747 square feet. Eastdil…

CoStar's People of Note for Friday
Time to update those contact managers with CoStar's People of Note for Friday, April 20, delivering news of recent promotions and new hires at the following companies: Avant Housing LLC, Brookfield Properties, Bryant Commercial, CB Richard Ellis, Colliers…

Caplease Closes on Purchase of 18-Property Portfolio
Caplease LP, the operating partnership subsidiary of Capital Lease Funding Inc., a New York-based REIT, closed on its purchase of 18 net-leased properties. The deal is valued at $364.4 million, including $159.3 million of assumed debt.The deal includes…

April 22nd, 2007 at 04:00am

Redondo Beach Listings - 108 VIA LA CIRCULA,

108 VIA LA CIRCULA, REDONDO BEACH, CA - 2 beds 1 1/2 baths 1,438 sq ft - $975,000

605 S PROSPECT AVE, REDONDO BEACH, CA 90277 - 3 beds 2 baths ? sq ft - $580,000

April 21st, 2007 at 07:00pm

Torrance Listings - 2317 W 185TH, TORRANCE,

2317 W 185TH, TORRANCE, CA 90504 - 3 beds 2 baths ? sq ft - $625,000

BINDEWALD ROAD, TORRANCE, CA 90505 - 4 beds 2 1/2 baths ? sq ft - $1,799,000

April 21st, 2007 at 05:00pm

Manhattan Beach Listings - 700 35TH STREET, MANHATTAN

700 35TH STREET, MANHATTAN BEACH, CA 90266 - 5 beds 4 baths 3,675 sq ft - $2,499,000

3300 OCEAN DRIVE, MANHATTAN BEACH, CA 90266 - 3 beds 3 1/2 baths ? sq ft - $3,149,000

April 21st, 2007 at 03:00pm

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