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COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SMALL BUILDING SALE IN HAWTHORNE, CA

LAWNDALE, Calif. | January 2012 – 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.

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SMALL BUILDING SALE IN LOS ANGELES

HAWTHORNE, Calif. | January 2012 – 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.

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SMALL BUILDING SALE IN LOS ANGELES

LOS ANGELES, Calif. | January 2012 – A private investor sold 8647 West Pico Boulevard for $525,000 to a local investor.

“This was a rare purchase in an area with good demographics less than $1 million” William Althouse said. The building size is 1,480 Square Feet and leased to a neighboring restaurant as on off-site commercial kitchen.

The team of William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Edith Abedi of Ariela Investment Group represented the buyer.

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.75 MILLION OFFICE SALE LEASE BACK NEAR DOWNTOWN LOS ANGELES

LOS ANGELES, Calif. | December 2011 – A national magazine publisher has sold one of its two Los Angeles office buildings at 2417 Beverly Boulevard for $1,750,000 to a local investor and owner/user janitorial company which will occupy half of the building and the seller will lease back the other half for three years.

“This was a rare purchase opportunity near Downtown with both user potential and investment income.” Michael Rojas said. The building size is 10,720 Square Feet and sits on a 30,632 Square Foot lot. And Mr. Rojas added “Additionally, the land size allows for future development of the property.”

The team of Michael Rojas, William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 2401 Beverly LLC. Brian Rhie of AB Real Estate represented the buyer, Sun Kee Hong.

COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $10.5 MILLION OFFICE AND RETAIL SALE IN SANTA MONICA

SANTA MONICA, Calif. | July 2011 – A Northern California based owner has sold its portfolio of 16,585 SF in three commercial buildings at 1415-1433 5th Street for $10,500,000 to local investor and developer.

The property comprised of one-story and two story retail and office buildings, was owned by the same family for over 50 years. At one time the property served as the Greyhound bus depot. The property was fully leased at time of sale with Comerica Bank as the anchor tenant.

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

COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $2 MILLION RETAIL SALE IN BEVERLY HILLS

BEVERLY HILLS, Calif. | May 2011 – A private owner has sold its 3,800 SF building at 209 South Robertson Boulevard for $2,150,000 to an overseas investor.

The one-story free-standing retail building was built in 1952 and was vacant at time of sale. The building is a former showroom for a classic car reseller.

“There is great buyer demand for street retail in first class locations.” James Stanfill said.

James Stanfill, Patrick Sheekey and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both Buyer and Seller.

Seeking Experienced Agents

LOS ANGELES, Calif. | Mar 2011 – Coldwell Banker Commercial WESTMAC is currently interviewing commercial real estate agents with a minimum of 2-5 years experience in office, retail, industrial or multi-family. A successful candidate will have a proven track record in investment sales and lease transactions with minimum net commission receipts of $50,000 or more over each of the last three years.

Since 1988, Coldwell Banker Commercial WESTMAC has been serving the greater LA area and has offices in West Los Angles and now expanding its coverage of the greater Long Beach area. Our agents have consistently been in the top 2% of Coldwell Banker Commercial nationally and the Company has been the #1 franchise office in the United States for 3 of the last 5 years. If you are a team player with a “can do” attitude and have a strong track record in commercial real estate we would be pleased to discuss with you a career at Coldwell Banker Commercial WESTMAC. All inquiries will remain confidential.

Please send your resume to:

James D. Bailey
Senior Vice President/General Manager
bailey@westmac.com
310.478.7700 x391

OWNER-USER PURCHASES WEST HOLLYWOOD PROPERTY

WEST HOLLYWOOD, Calif. | Mar 2011 – A private owner has sold its 3,000 SF building at 8756 Holloway for $1,950,000 to a prominent tanning and skin care company.

The three-level building was built in 1946 and completely renovated in 2009. The building included extraordinary finishes and unparalleled views of the city from the roof top.

“There is great buyer demand for quality owner-user properties” William Althouse said.

T.C. Macker, CCIM and William Althouse of Coldwell Banker Commercial WESTMAC represented the Seller. Daniel Chiprut of Beitler Commercial and Jacques-Henri of Munro Commercial represented the Buyer.

OPEN HOUSE :: 248 WESTMINSTER AVENUE

LOS ANGELES, Calif. | Feb 2011 – Please join us to tour a traditional charmer in the heart of Venice. 248 Westminster is situated only steps from world famous Abbott Kinney Boulevard. Tour the best of both worlds! Be close to the beach with fantastic ocean views and the city at your fingertips. Walking distance to shops, galleries, bars and restaurants this free standing property features a modern and tastefully decorated architectural masterpiece.

The open house is being hosted by David Thind and Jennifer Thind and catered by
B-Sweet. It will begin at 12:00 noon and will continue until 3:00pm on Thursday February 24, 2011 with catering being provided between 12:00 noon and 2:00pm.

RSVP to David (thind@westmac.com) or Jennifer (jthind@westmac.com).

More information about this open house and 248 Westminster Avenue can be found at the
following link: http://www.westmac.com/eblasts/westminster_248_oh.html

PRODUCTION COMPANY PURCHASES VENICE PROPERTY

LOS ANGELES, Calif. | Feb 2011 – A private owner has sold its 3,600 SF building at 533 Venezia Avenue for $1.8 million to a production company.

The one-story creative office building was built in 1948 and was vacant at time of sale. The building is a former warehouse that has been converted to creative office space.

“There is great buyer demand for creative buildings in Venice” Craig Newlands said.

T.C. Macker, CCIM and Craig Newlands, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Steven Rood of Century 21 represented the Buyer.

PROMINENT BEVERLY HILLS FINANCIAL TENANT RENEWS AT 9440 SANTA MONICA BOULEVARD

BEVERLY HILLS, Calif. | Jan 2011 – SSI Investment Management renewed its 10,119 SF lease on the top floor of 9440 Santa Monica Boulevard with Lessor, IVG Institutional Funds, GMBH.

John Bertram and Craig Newlands who placed the investment firm in the building in 2006 were able to significantly reduce the tenant’s annual effective lease rate.

“Through the process of negotiating with other competing buildings, we were able to take advantage of today’s tenant marketplace and capture a great deal, well ahead of their lease expiration,” Craig Newlands said.

John Bertram and Craig Newlands, CCIM of Coldwell Banker Commercial WESTMAC represented SSI Investment Management, Inc. Mitch Stokes and Joe King of Madison Partners represented the landlord.

LOCAL DOGGIE DAY CARE BUSINESS BUYS A NEW CHATEAU IN THE WEST HOLLYWOOD MARKET

LOS ANGELES, Calif. | Nov 2010 – Hagerty Falgien RE Partnership sold its 4,367 SF retail building at 8162 Beverly Boulevard for $2.135 million to the local business owner of Chateau Marmutt.

The single story boutique retail building was the home to the David Abell and Keyboard Concept Piano Store for the past sixty years. The building will now be the new home of the highly regarded doggie day care facility, Chateau Marmutt, currently located on West 3rd Street.

“Like many of the deals that are getting done these days this is an owner/user play where our client will occupy the entire Building,” T.C. Macker said. “The building is a perfect fit for our client’s business as it is only two blocks from her current location,” Michael Rojas said. The West Hollywood Market is an area that many property owners covet. “It is rare for buildings to trade in this area and our buyer was well aware of that fact, so she moved very quickly to take advantage of the opportunity,” William Althouse said.

Neal Golub of CB Richard Ellis represented the Seller. T.C. Macker, CCIM, William B. Althouse, and Michael F. Rojas of Coldwell Banker Commercial WESTMAC represented the buyer.

LOCAL INVESTOR PURCHASES SANTA MONICA RETAIL BUILDING

LOS ANGELES, Calif. | Nov 2010 – Marcel and Margrith Burlet have sold their 3,388 SF retail building at 2723 Wilshire Boulevard for $1.7 million to a local property owner in Santa Monica.

The one-story boutique retail building was 100% occupied by two tenants at time of sale. A bakery/restaurant that has been in the location for the past 18 years and clothing store that specializes in reselling haute apparel.

“The Buyer is currently negotiating with another successful local restaurateur to take over the current bakery operation which will significantly increase the value of the real estate,” said William Althouse, who represented the Buyer. “Further, the Buyer had a comfort level with the type of real estate product that they opened Escrow on a non-contingent basis and closed the all-cash transaction in 14 days.”

William B. Althouse of Coldwell Banker Commercial WESTMAC represented the Buyer. Joubin Manoochehri with Marcus & Millichap represented the Seller.

Downtown L.A. Law Firm Purchases West L.A. Office Building

LOS ANGELES, Calif. | Nov 2010 – 2300 Westwood LLC has sold its 5,616 SF office building at 2300 Westwood Boulevard for $2.3 million to attorney Martin Kaufman.

The two-story boutique office building was built in 1961 and was 90% occupied by two tenants at time of sale. The seller, a prominent architectural company, occupied a majority of the second floor at time of sale.

“This was a rare purchase of beautifully appointed West L.A. building that had character” Craig Newlands said.

“The Buyer plans to move and occupy the entire second floor for their use while keeping all the first floor tenants.” T.C. Macker said. “The available SBA financing, excellent condition of building and highly sought after location created significant Buyer interest.”

T.C. Macker, CCIM and Craig Newlands, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. Brian Luft and Todd Lorber of NAI Capital Commercial represented the Seller.

COLDWELL BANKER COMMERCIAL WELCOMES NEW CCIM MEMBERS

LOS ANGELES, Calif. | Nov 2010 – Coldwell Banker Commercial WESTMAC proudly announces the recent designation of the prestigious CCIM membership to Sam Ferrell and Gary Berwick.

This designation is awarded to a small percentage of qualified commercial real estate brokers who have satisfactorily completed a regimen of studies and examinations leading toward this ultimate qualification. It serves further as testimony to the professional commitment these two individuals have pursued in order to render the finest counsel and advice to their existing and prospective clients.

Congratulations to both!

They join the ranks of the other Coldwell Banker Commercial WESTMAC associates who have previously qualified for such a honored designation: Craig Newlands and T.C. Macker.

DOWNTOWN SANTA MONICA OFFICE SELLS TO AN OWNER-USER

SANTA MONICA, Calif. | Sep 2010 – Robhana Inc. has sold its 4,601 SF office building at 1244 6th Street in Santa Monica for $2.8 million to Argyropoulos Investors, according to T.C. Macker at Coldwell Banker Commercial WESTMAC.

The two-story office building was built in 1963 and was 100% vacant at time of sale according to Bill Althouse at Coldwell Banker Commercial WESTMAC.

“This is a great sale for the market where few Santa Monica commercial buildings have sold in 2010” Macker said.

The purchase was “all cash” with a quick close. The Buyer plans to renovate the property for their use.

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