October 2006
Wedding Group One Opens On Wilshire
LOS ANGELES - One of New York's leading wedding photographers has opened its first West Coast office in a renovated Miracle Mile mansion in Los Angeles. Executed renovations include an Asian garden with koi ponds, a gourmet private dining restaurant, plus an exact replica of the White House East Room.
Wedding Group One, Inc. currently operates from five locations in the New York-tri-state area with headquarters in Manhattan. The firm was commissioned to photograph more than 800 weddings in 2004. The company's subsidiary, Renaissance The Book, publishes Wedding and special event photo albums and will share space in the new Los Angeles operation.
Wedding Group One of California leased 7,000 square feet of office and retail space at 4526 Wilshire Blvd. in a three-building compound that formerly housed the Metropolitan Talent Agency, now located at 4500 Wilshire Blvd.
The building is owned by noted Beverly Hills attorney Christopher Baker who was represented in the $1.7 million transaction by Mark Wittcoff and Scott Gertz of Coldwell Banker Commercial WESTMAC who also represented Wedding Group One President JoAnn Kim.
Wittcoff stated "Wedding Group One's broad appeal in New York to a culturally diverse clientele makes its ideally suited for the Los Angeles special event photography market. The firm's three principals met 12 years ago in graduate school and have maintained their highly artistic style in a way that makes their services affordable for everyone."
Wedding Group One's website may be found at www.weddinggroupone.com.
[06-10-11]
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Investor Washes Hands of West L.A. Laundromat
WEST LOS ANGELES - Coin Quest, Inc. has rearranged its commercial real estate portfolio, selling its 3,280-square foot Laundromat at 4400 South Slauson Ave. to an unidentified investor, with help from Coldwell Banker Commercial WESTMAC.
"This was an ideal stable tax exchange property with six years remaining on a single-tenant lease, improving area demographics and a solid financial upside potential," commented Craig Newlands, CCIM, WESTMAC broker.
The $1.26 million sale has a 6.1% cap rate, noted WESTMAC'S T.C. Macker, CCIM, who joined with Newlands to represent all parties.
[06-09-22]
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Computer Firm Leases Offices
SANTA MONICA, Calif. – Salesforce.com, an on-demand customer relationship management solution vendor, has entered the Southern California market and leased a 9,200-square-foot suite of offices at 1442 2nd St. in the prime downtown Santa Monica area.
"Salesforce.com's new Southern California offices offer a creative environment with beautiful architectural features," declared Luke Palmo, Coldwell Banker Commercial WESTMAC executive vice president, who teamed with Lloyd Bakan, also WESTMAC, to represent landlord The Pacific Trust. "There are skylights throughout, polished concrete floors, column-free space, operable windows, mezzanine space, patios, and balconies." The building, constructed in 1913 and totally renovated in 2000, is one block from the beach and the 3rd Street Promenade.
Founded in 1999 by former Oracle executive Marc Benioff, Salesforce.com went public on the New York Stock Exchange in 2004 and has received widespread industry recognition for its application suite. Headquartered in San Francisco, with regional headquarters in nearby Dublin, Singapore, and Tokyo, Salesforce.com maintains other major offices in Toronto, New York, London and Sydney.
Cushman & Wakefield represented Salesforce.com in finalizing the five-year lease, valued at $1.85 million.
[06-09-22]
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