LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: March 2024 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office. Mauricio Olaiz and John Berger represented the seller for an investment property on 13225 Telegraph Road in Santa Fe Springs, for $7,250,000. Mauricio Olaiz and Trevor Gleason represented the Buyer for an…
MonthLee Transactions – February 2024
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: February 2024 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office. Christopher Larimore and Vincent Molitor (representing Thrifty Oil Co., Landlord) leased a combined 12,010 square foot office space at 5200 Irwindale Avenue, in Irwindale. Mauricio Olaiz and Trevor Gleason represented both Buyer…
MonthLee Transactions – January 2024
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: January 2024 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office. Elliott Gallahan (representing Pacific Vial MFG, Inc, Tenant) leased a 41,774 square foot industrial space at 6021 Randolph Street, in Commerce. Mauricio Olaiz and John Berger represented the Landlord at 1061 Valley…
MonthLee Transactions – December 2023
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: December 2023 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office. Colleen Carey (representing the Solberg Family Trust, Seller) closed a retail property at 85-89 W. Colorado Blvd & 17 N. De Lacey Ave., in Old Pasadena for $8,300,000. Mauricio Olaiz and Trevor…
Lee & Associates – Pasadena Successfully Closes Historic Solberg Building in Old Pasadena
December 27, 2023 (Pasadena, CA) – Lee & Associates – Pasadena Founding Principal, Colleen Carey, successfully closed the sale of the Historic Solberg Building in Old Pasadena. This Prime Retail Property, on the Northwest Corner of West Colorado and DeLacey Boulevard, has an approximate 5,438 square feet, and is a Triple-Net Leased Commercial Building, in the heart of the Old Pasadena Retail Shopping Area. Colleen Carey represented the Seller, Solberg Family Trust. The Solberg…
5 Places to See Christmas Lights in Los Angeles
You’ve probably had to fend off this tired question before from out-of-town friends: How can we get in the holiday spirit here on the West Coast when it’s warm in December? Well, first of all, it’s cold—by L.A. standards, at least. But second, there’s also plenty of holiday cheer if you know where to see Christmas lights in Los Angeles. In between a deluge of Christmas events, festive movie screenings and frantic shopping trips, take the time to check out these…
5 Retail Properties To Rent in Some of the World’s Coolest Neighborhoods
Cool can be hard to quantify. It doesn’t reside in statistics or metrics; it’s more of a feeling in the air, a vibe. And yet: every year, the intrepid readers and editors of Time Out attempt to appraise it anyway and produce a list ranking “The 40 coolest neighbourhoods in the world.” Now, commercial real estate is generally an industry that relies on that which can be measured: cap rates, rental rates, absorption rates — it’s a…
Industrial and Multifamily Sectors Face Challenges, Slowdown
After steady increases, demand for industrial and multifamily space appears to be slowing significantly. Lee & Associates’ 2023 Q3 North America Market Report shows US industrial net growth down 68% in comparative third quarters. The multifamily sector also felt a sharp increase in vacancies and the lowest rent growth on record. Jeff Rinkov, CEO of the broker-owned real estate services firm, points to challenging economic times, supply chain recovery and cautious corporate behavior as key factors. Industrial Space Remains Positive, Net Growth…
MonthLee Transactions – October 2023
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: October 2023 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office. Colleen Carey and Brendon Shoemake (representing M&D Professional LLC, the Seller) closed a Medical Office property at 620 N Lake Ave., in Pasadena for $8,300,000. Mauricio Olaiz, represented the Landlord (Sreedhar R….