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1415 5th StreetCOLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $4 MILLION SALE OF ICONIC RETAIL MARKET IN WEST LOS ANGELES, CA


LOS ANGELES, Calif. | August 2014 – Long-time owner and former operator of the Owen’s Market has sold the property now known as the Roxbury Market at 9769 West Pico Boulevard for $4,080,000 to a non-profit organization that wanted the property to add to their investment portfolio.

The property was once a local market to the stars and is situated in a prime West Los Angeles location blocks away from Beverly Hills and Century City.

The 4,261 square foot triple-net leased property sold for almost $1,000 per square foot.

“Savvy investors are continuing to be aggressive with offers for attractive properties that they perceive will continue to rise in value. We had multiple above asking offers for this property and successfully closed escrow in 2 weeks” said Daniel J. Park, Esq.

T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented both the Buyer and the Seller.


1415 5th StreetMANAGEMENT ANNOUNCEMENT


LOS ANGELES, Calif. | August 2014 – Effective September 1, 2014, Coldwell Banker Commercial WESTMAC proudly announces the promotion of Timothy C. (“T.C.”) Macker, Jr., currently Executive Vice President of the company. He is to be elevated to the title of Managing Director. T.C. joins James D. Bailey, Senior Vice President – General Manager, and Timothy C. Macker, Sr. in rounding out the three person executive team charged with the overall management of the company.

Timothy C. Macker, Sr., president, in announcing this augmentation to the management team, underscored the need to revamp the management structure to better align the strengths of doing business today with the likely changes in the business environment the company envisions for the challenges of tomorrow.

Macker, Sr., was quoted: “We now have in place the team leaders to best capitalize on the ever-changing face of our cyclical industry. T.C. is completely in touch with those changes so unique to the evolution of our technology, our changing client base, and the way we will be doing business tomorrow.” Further, he noted: “Jim Bailey is our team leader quarterbacking the staff, administration, and client relations efforts….and he’s a true talent in our industry”.

T.C. has been a top producer since joining the firm in 2002. In addition to his outstanding individual brokerage production he has been serving in the capacity of coordination of certain training and website initiatives in more recent years. In his new role he will focus on education/training, recruitment, business promotion, and public relations for the company. Jim Bailey will continue to focus on administration, staffing, customer relations, and promulgation of property management initiatives.

Timothy Macker, Sr. will continue in his role as president overseeing the financial and strategic planning priorities for the company. Each of the company’s executives likewise engages in transactional activities with their respective clients.

Coldwell Banker Commercial WESTMAC is an independently owned and operated company franchised to do business by the franchisor, Realogy, a formally public company, now privately held, headquartered in New Jersey. Coldwell Banker Commercial WESTMAC recently celebrated its 26th anniversary at its Sepulveda Boulevard headquarters; the brand’s primogenitor, Coldwell Banker (founded by Messrs. C. Coldwell and B. A. Banker) started in 1906 in San Francisco.

Coldwell Banker Commercial WESTMAC is the leading commercial brokerage in the Westside of Los Angeles specializing in the leasing and sales of commercial, industrial and investment properties. One of its many distinctions the company enjoys is its role as the leader of commercial real estate brokerages in the quantity of sales in the Westside of Los Angeles. With over 30 agents in West Los Angeles, the sister company, Coldwell Banker Commercial BLAIR WESTMAC (headed by the capable Becky Blair) operates to the south basing its 10 agents in Long Beach, California.

T.C. Macker hailed the announcement as being “…the continuation of the vision of better servicing our clients today AND tomorrow!”


1415 5th StreetCOLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $12 MILLION SALE TO PRIVATE INVESTOR IN BEVERLY HILLS, CA


BEVERLY HILLS, Calif. | June 2014 – A private, Silicon Valley based investor has sold its Beverly Hills property at 340 N. Camden Drive for about $12 million to North Camden Properties.

This is the 4th off-market purchase orchestrated by Mr. Alex Nehorai in the last 12 months. His primary focus has been on assets in the cities of Beverly Hills and Santa Monica highlighted by the Santa Monica Honda property which is situated on 75,000 square feet of valuable land on two corners of Santa Monica Blvd.

In an interview with Mr. Nehorai, he stated "We truly value the relationships we have and appreciate the efforts of the brokers that have brought them to us. TC & Brian were great to deal with and helped make this a smooth transaction. We look forward to expanding our portfolio in this region and welcome new opportunities".

“The property was fully leased at time of sale with quality tenants including Gucci, Prada and Engel & Volkers.” T.C. Macker, CCIM said. Brian Peterson added “Our client got a trophy property in one of the most highly sought after areas in the world. The 3-story building has been fully remodeled and brought up to current codes to accommodate its prestigious tenants.

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


1415 5th StreetCOLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $5.25 MILLION RETAIL SALE TO DEVELOPER IN SANTA MONICA, CA


SANTA MONICA, Calif. | June 2013 – A private seller has sold its Santa Monica property at 1433 14th Street for $5,250,000 to a private overseas developer.

“The property was fully entitled at time of sale for 19 luxury condos.” T.C. Macker, CCIM said. The lot size is 22,500 square feet.

T.C. Macker of Coldwell Banker Commercial WESTMAC represented the Buyer and the Seller was represented by CBRE.


WESTMAC PASSES THE QUARTER CENTURY MARK


LOS ANGELES, Calif. | June 2013 – Saturday June 1, 2013 marks the 25th anniversary of the founding of Coldwell Banker Commercial WESTMAC.

In 1988 Timothy C. Macker, one of Los Angeles' most recognized commercial real estate brokers founded WESTMAC Commercial Brokerage Company, with the primary focus being the leasing and sale of office and investment properties throughout the Los Angeles basin.

WESTMAC Commercial Brokerage Company contiued to grow and on December 1, 2000 the company became an affiliate and franchisee of Coldwell Banker Commercial, an organization tracing its roots back to 1906.

Now known as Coldwell Banker Commercial WESTMAC, the company has over 30 professionals with over 400 years of combined real estate experience.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4 MILLION RETAIL AUTOMOTIVE TO INVESTOR IN SANTA MONICA, CA


2411 Pico BoulevardSANTA MONICA, Calif. | February 2013 – A private seller has sold its Santa Monica retail automotive property at 2411 Pico Boulevard for $4,000,000 to a Downtown L.A. based investor.

“The building is occupied by a single tenant with a triple net lease.” T.C. Macker, CCIM said. The building size is 4,738 square feet and sits on a 17,664 square foot lot. And Mr. Macker added “The property was purchased as a passive investment.”

T.C. Macker, CCIM and William Althouse of Coldwell Banker Commercial WESTMAC represented the Seller and Mollie Diestsch and Anita Artukovich of Lee & Associates represented the Buyer.


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


2626 Lincoln BoulevardSANTA MONICA, Calif. | January 2013 – 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 Brian Peterson of Coldwell Banker Commercial WESTMAC represented the Seller and Shirin Talai at Gold Coast represented the Buyer.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $10.5 MILLION AUTOMOTIVE DEALERSHIP SALE TO LOCAL DEVELOPER IN SANTA MONICA, CA


1415 5th StreetSANTA MONICA, Calif. | December 2012 – 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 William Althouse of Coldwell Banker Commercial WESTMAC represented the Seller and the Buyer.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $10.5 MILLION AUTOMOTIVE DEALERSHIP SALE TO LOCAL DEVELOPER IN SANTA MONICA, CA


1415 5th StreetSANTA MONICA, Calif. | December 2012 – A private seller has sold its Santa Monica automotive property at 1530 Santa Monica Boulevard for $10,500,000 to a current Santa Monica automotive dealership operator.

“We had great Buyer interest including offers from buyers looking to redevelop the property for different uses.” T.C. Macker, CCIM said. The building size is 4,355 square feet and sits on a 45,000 square foot lot. And Mr. Macker added “Ultimately, the auto dealer Buyer was the right choice to conclude a transaction.”

T.C. Macker, CCIM and Timothy Macker of Coldwell Banker Commercial WESTMAC represented the Seller and Kenfield Kennedy and Keving Kennedy of NAI/Capital Commercial represented the Buyer.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $9 MILLION RETAIL SALE TO DEVELOPER IN SANTA MONICA, CA


1415 5th StreetSANTA MONICA, Calif. | December 2012 – A private seller has sold its Santa Monica retail property at 501 Broadway for $9,000,000 to local mixed use developer.

“The ultimate goal is to redevelop the property.” T.C. Macker, CCIM said. The building size is 8,294 square feet and sits on a 15,000 square foot lot. And Mr. Macker added “The buyer has the potential to build apartment units over retail within 2 blocks of the new metro station slated to open in 2015.”

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


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $7 MILLION RETAIL SALE TO DEVELOPER IN SANTA MONICA, CA


1415 5th StreetSANTA MONICA, Calif. | December 2012 – A private seller has sold its Santa Monica retail property at 609 Colorado for $7,000,000 to local mixed use developer.

“The ultimate goal is to redevelop the property. T.C. Macker, CCIM said. The building size is 7,400 square feet and sits on a 15,000 square foot lot. And Mr. Macker added “The buyer has the potential to build apartment units over retail within 2 blocks of the new metro station slated to open in 2015.”

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


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


1415 5th StreetSANTA MONICA, Calif. | December 2012 – 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 William Althouse of Coldwell Banker Commercial WESTMAC represented the Seller and Doug Rickard and Dieter Tack of ADR Preferred Business Properties represented the Buyer.


COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES SALE TRANSACTION IN SANTA MONICA


1415 5th StreetSANTA MONICA, Calif. | September 2012 – 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.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $3.5 MILLION OFFICE SALE TO USER IN BEVERLY HILLS, CA


1415 5th StreetBEVERLY HILLS, Calif. | August 2012 – A private seller has sold its Beverly Hills office building at 120 S. Doheny Drive for $3,500,000 to an owner/user foreign consulate which will occupy the building.

“We found a cash buyer that was a perfect fit for the property.” Craig R. Newlands, CCIM said. The building size is 5,360 square feet and sits on a 4,373 square foot lot. And Mr. Newlands added “Additionally, we moved the Seller to a lease in a Class A office building in Brentwood.”

The team of Craig Newlands, CCIM and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 120 South Doheny Drive, LLC. Jon Haider of Home Sweet Home Realty represented the buyer, Consulate General of the Islamic Republic of Afghanistan in Los Angeles.


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.625 MILLION OFFICE SALE TO USER NEAR DOWNTOWN LOS ANGELES


1415 5th StreetLOS ANGELES, Calif. | August 2012 – A national magazine publisher has sold its Los Angeles office building at 2401 Beverly Boulevard for $1,625,000 to an owner/user entertainment production company which will occupy the building.

“We sold the building next door for the same owner last year.” Michael Rojas said. The building size is 9,900 Square Feet and sits on a 24,524 Square Foot lot. And Mr. Rojas added “Additionally, the property is located near Downtown and the Downtown Center Studios.”

The team of Michael Rojas, William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 2401 Beverly LLC. Bob Pearson of Madison Partners represented the buyer, Beverly and Rampart LLC.


LOS ANGELES, Calif. | July 2012 The Ratkovich Company signed 72andSunny as its newest tenant to The Hercules Campus at Playa Vista. The Hercules Campus is formerly known as the Hughes Aircraft Company Headquarters and comprised of 11 existing buildings including the hangar where Howard Hughes' legendary "Spruce Goose" was built. All 11 buildings are eligible historic landmarks.

72andSunny is a modern full-service design and advertising company that works with major brands such as Activision/Blizzard, Anheuser-Busch, Carl's Jr. / Hardee's, K-Swiss, and Samsung. 72andSunny signed a 12-year lease and will occupy Buildings One and Two on the campus, where Howard Hughes' former office is located, totaling 58,000 square feet.

Craig R. Newlands, CCIM of Coldwell Banker Commercial WESTMAC and John Bertram (now with Studley) represented 72andSunny.


12 UNIT APARTMENT BUILDING SELLS IN MONTEBELLO, CA


1415 5th StreetMONTEBELLO, Calif. | July 2012 – A trust sold 854-856 Date Street for $1,225,000 to a private investor.

“We had over 10 offers – many with very attractive price and terms. Ultimately the chosen buyer closed all cash above list in three weeks.” Trevor Julian said. “The beneficiaries of the sales proceeds were two East Coast universities” Mr. Julian added.

The team of Trevor Julian and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller and the Buyer


OFFICE BUILDING TRADES IN WEST LOS ANGELES


1415 5th StreetLOS ANGELES, Calif. | June 2012 – A partnership sold 8931 Ellis Avenue for $4,500,000 to an owner-user entertainment company.

The 3-story building 18,000 square foot office building was completed in 2011 by HWI, a highly regarded construction company.

“The buyer intends to occupy the building,” T.C. Macker, CCIM said. “The buyer purchased a brand new building across from the recently completed expo line station at Robertson and Venice,” added Lee Polster.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller and Lee Polster of Travers Realty represented the Buyer.


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


1415 5th StreetWEST HOLLYWOOD, Calif. | June 2012 – 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.


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


1415 5th StreetSANTA MONICA, Calif. | May 2012 – 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.


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


1415 5th StreetWEST LOS ANGELES, Calif. | May 2012 – 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.


COLDWELL BANKER COMMERCIAL WESTMAC ANNOUNCES $3.7 MILLION SALE IN SANTA MONICA


1415 5th StreetSANTA MONICA, Calif. | February 2012 – 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.


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


1415 5th StreetLAWNDALE, 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


1415 5th StreetHAWTHORNE, 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


1415 5th StreetLOS 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


1415 5th StreetLOS 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


1415 5th StreetSANTA 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


8756 HollowayBEVERLY 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


8756 HollowayWEST 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


248 WestminsterLOS 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.

B-SweetThe 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


533 VeneziaLOS 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.