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NEWS & UPDATES |
| December 9, 2002 |
| 301 Arizona, SM - Leased. 1701sf offices to Emerald Health Services. $2.45 FSG. Craig Berrett, Senior Vice President MUSELLI COMMERCIAL REALTORS represented the tenant in the 5 year lease. |
| SE corner 19th & Broadway, SM - Sold. Double lot. BCD zoning. List price $1,995,000. Buyer plans 29 condos, 3 low income units, & 449 sf retail. |
| 517 Santa Monica, SM - Leased. 4,300 sf retail. List price $3.25 NNN New tenant ESP Hair Salon. TI work underway. |
| 210 Wilshire, SM - Leased. Hennessey & Ingalls has signed to relocate from their 7,500 sf space at 1254 Third Street Promenade to 210 Wilshire in about 8,000 sf. List price was $3.60 NNN sf. MUSELLI COMMERCIAL REALTORS has the leasing assignment for 1254 Third Street at $9.75 NNN. |
| 1452 Third Street Promenade, SM - Leased. 3,138 sf retail. List price $9.75 NNN Former Beyond the Beach clothing store leased to Clothes Minded. Clothes minded items sell for $15.00 or less. |
| 1020 Santa Monica, SM - Steve Taub Porsche & Audi Dealership Sold. Real Estate not included. |
| December 5, 2002 |
| 530 Santa Monica, SM - Sold. Former Pep Boys. List Price $3,000,000. 19,340 sf (9,997 ground floor, 3,717 mezzanine, 5,626 basement. Now for rent for $35,000 NNN. Lot size is 10,000 sf on SW corner of 6th & Santa Monica. |
| Glendale Galleria (1.3 million sf) purchased by General Growth Properties for $415,000,000 as well as a San Francisco Bay Area mall for $89,000,000. |
| Wal-Mart planned for Inglewood at 90th & Prairie Streets. City Council votes to repeal earlier adopted ordinance to restrict any retail store over 155,000 sf that sells over 20,000 nontaxable items. Clerks Union pushing for restriction. |
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Corporate Offices 501 Santa Monica Boulevard, Suite 702 Santa Monica, CA 90401 Phone: (310) 458-4100 Fax: (310) 393-4750 Contact us by email at muselli@muselli.net |
| Please note that the information provided above is from information we deem reliable but not guaranteed. Unless stated to the contrary Muselli Commercial Realtors was not involved as a broker in any of the above transactions. |