Santa Monica Office Bldg. Trades for $12 Million

Tessler, Rubin & Co. sold 820 Broadway in Santa Monica, CA, to Archway Properties for $12 million or $630 per square foot. The office building measures about 19,047 square feet and was 100 percent leased at the time of sale. The property, which was constructed in...

Decron Invests $70M in L.A. Area Multifamily

Decron Properties Corp. purchased the 397-unit garden style multifamily community at 1518 Patricia Ave. in the Los Angeles, CA, area for $70 million, or $176,322 per unit. The complex was built in 1985 and covers 16 acres in Simi Valley. The Creekside Apartments...

Industrial Property – Los Angeles

The average asking price for industrial properties in the metro area was $131.24 per square foot for the month. This represents a decrease of 5.4% year-over-year as well as a decrease of 1.4% compared to the end of the fourth quarter of 2011. This month, asking prices...

Office Property – Los Angeles

The average asking price for office properties in the metro area was $237.66 per square foot for the month. This represents a decrease of 3.9% year-over-year as well as a decrease of 1.6% compared to the end of the fourth quarter of 2011. This month, asking prices for...

Multifamily Property – Los Angeles

Asking prices for multifamily properties rose to $154,730 per unit, a 1.1% increase compared with the end of the prior quarter. For the year, asking prices have fallen 2.6% on the year. Asking prices for multifamily properties hit a three-year peak in October 2007 at...