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Thursday, Mar 28, 2024

Valley-Area’s Most Notable Deals

INDUSTRIAL 3935-3934, 3990 Heritage Oak Court (Two industrial buildings) Simi Valley Sale Price: $38.2 million Square Footage: 331,574 Price Per Foot: $115.21 Buyer: INVESCO Seller: The Prudential Insurance Co. Brokers: Barbara Emmons, Darla J. Longo, CB Richard Ellis MULTIFAMILY 4500 Woodman Ave. Sherman Oaks Sale Price: $74.1 million Size: 372 units Price Per Foot: $276 Buyer: Archstone-Smith Seller: PCS Development Inc. Broker: Greg Harris, Marcus & Millichap OFFICE Tower Burbank 3900 W. Alameda Ave. Burbank Sale Price: $167 million Square Feet: 473,000 Price Per Foot: $356 Buyer: Blackrock Inc. Seller: Tishman Speyer Properties Broker: Secured Capital (Brokers unknown) 505 N. Brand Blvd. Glendale Sale Price: $108,750,000 Square Feet: 319,864 Price Per Foot: $339.99 Buyer: LaSalle Investment Management Seller: SP Glendale LLC Brokers: Thomas Bohlinger, Doug Marlow, CB Richard Ellis RETAIL 5430 San Fernando Road Glendale Sale Price: $22,300,000 Square Feet: 200,000 Price Per Foot: $11.50 Buyer: Target Corp. Seller: 5430 Glendale LLC Brokers: Hamo A. Rostamian, Ielen Sarkisian, Gregory Barsamian, Jerry A. Wacker, CB Richard Ellis LAND Westlake Park Place Westlake Village Sale Price: $27 million Square Feet: 1,176,120/27 acres Price Per Foot: $22.96 Buyer: Steadfast Business Properties and Amstar Group Seller: Richland Communities Broker: Michael Foxworthy Sr., GVA Daum

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