Week Of Feb 20 Office Market Newsletter

PACIFIC BRIDGE TEAM – MARKET NEWS


What Is Good News For Multifamily Property Owners? 

GlobeSt.com caught up with MBA’s CREF/Multifamily Housing Convention and Expo 2017 attendee Ed Hussey, head of multifamily production at Pillar about his thoughts on the market.

In Los Angeles, A Chance To Redefine What’s Possible On Efficiency 

This month, real estate professionals, city officials, and sustainability practitioners will gather to honor the city’s high achievers, cutting-edge real estate leaders who lead the market in water and energy efficiency.

New Project Planned For The Arts District By Owner Of Rockefeller Center 

Tishman Speyer, the same firm that owns New York’s Rockefeller Center, is planning to build an eight-story office building that would replace the current offices of Hyperloop One at 2159 Bay St. The company paid $24.5M for the property last year, Curbed reports.


Featured Current Opportunities

 

925 Broadbeck Dr., Newbury Park, CA 91320
Sale Price: $5,900,000
RBA: 17,000 SF
Building Type: Retail
Year Built: 2005
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Tractor Supply Single Tenant NN+

8135 Watt Ave Antelope, CA 95843
Sale Price: $4,270,000
RBA: 27,304 SF
Building Type: NN+ Single Tenant Investment


20631 Ventura Boulevard, Woodland Hills, CA 91364
Sale Price: $5,700,000
RBA: 22,966 SF
Building Type: Office
Year Built: 1982


RECENT LOCAL SALES

 

5700 Canoga Ave
Woodland Hills, CA 91367
Sale Price: $235,500,000
Price/SF: $291.41
RBA: 808,130 SF
Property Type: Multi-Property


Westlake Spectrum
4330-4360 Park Terrace Dr
Westlake Village, CA 91361
Sale Price: $26,750,000
RBA: 107,746 SF
Property Type: Multi-Property


Lost Hills Business Center
26745 Malibu Hills Rd.
Calabasas, CA 91301
Sale Price: $13,200,000
Price/SF: $185.47
RBA: 71,172 SF
Property Type: Multi-Property


Warner Center Gateway
6200 Canoga Ave
Woodland Hills, CA 91367
Sale Price: $22,000,000
Price/SF: $211.04
RBA: 104,244 SF
Property Type: Class A Office


141 Triunfo Canyon Rd
Westlake Village, CA 91361
Sale Price: $5,300,000
Price/SF: $276.04
RBA: 19,200 SF
Property Type: Class B Office


Any property listed here as “On Market” may not have been a listing with SVN – Rich Investment Real or an SVN Advisor. Any property listed here as “Recent Local Sales” may not have had participation of SVN – Rich Investment Real or an SVN Advisor. The material contained in this email is furnished solely for the purpose of education about current market conditions. Neither SVN – Rich Investment Real Estate Partners nor any SVN Advisor make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of any investment. Please note that all SVN® offices are independently owned and operated.

 

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