Jones Lang LaSalle
In March of 2010, Jones Land LaSalle represented the seller
of a 970,000-square-foot warehouse called Gateway South at
825 E. Central Ave. in San Bernardino, CA. The buyer, Kohl’s
Department Stores, planned to use the distribution center for
its e-commerce business. At the time, the transaction represented one of the largest industrial sales in Southern California
over the prior 12 months.
Also in March, JLL Hotels sold the Marriott Downtown Los
Angeles on behalf of the owner, Leeward Strategic Properties
Inc. for $63 million. Leeward took over the hotel, which is
located at 333 S. Figueroa St., after it fell into foreclosure in
August 2009. The purchaser was China-based Shenzhen New
World Group Ltd. and it was the investor’s first investment in
the L.A. area. The 469-room, first-class hotel is located in the
TOP-PRODUCING SALES BROKERS
LYNN LACHAPELLE, Managing Director
BOB PRENDERGAST, Managing Director
JOHN STRAUSS, Managing Director, JLL Hotels
LACHAPELLE
PRENDERGAST
STRAUSS
heart of Downtown Los Angeles.
JLL completed 28 transactions in the 12-month period
from July 2009 to June 2010 for a total of just under 3.78 million square feet and 469 rooms. According to executives at the
company, “The investment sales landscape for Los Angeles is
favorable given the intrinsic long-term value of the market
here.”
Investment Real Estate Associates
10
AREA LEADER
RAFFI KRIKORIAN, Chief Executive Officer
Total Dollar Volume of Sales Closed: $349,148,000
Between July 2009 and June 2010, Encino, CA-based Investment
Real Estate Associates completed 75 sales transactions, including the $35-million disposition of Hotel Angeleno in
Brentwood, CA. “At the time, the sale of the 208-room cylindrical tower at 170 N. Church Ln. ranked as one of the largest in
Los Angeles County, both by price and size,” according to the
executives at IREA.
In June 2010, the firm represented both parties in the sale
of Westgate Group Inc.’s 98-unit apartment complex at 15357
Magnolia Blvd. in Sherman Oaks, CA. Investor Avi Tojany purchased the property for $23 million after Westgate was unable
to get permanent financing to replace the project’s construction loan.
TOP-PRODUCING SALES BROKERS
CLARK EVERITT, Vice President
WILLIAM EVERITT, Vice President
CHRIS THOMPSON, Senior Vice President
C. EVERITT
W. EVERITT
THOMPSON
At the time, the deal was considered the largest sale of an
apartment complex in the San Fernando Valley in 2010. The
property was sold during the lease-up phase, according to
IREA vice presidents Clark Everitt and William Everitt. ◆
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Company
Area Leader Total Dollar Volume of Sales
Number of Sales
Total SF/Units
11. Voit Real Estate Services Kurt Strasmann $258,400,000
124
2,279,000 SF
12. Holliday Fenoglio Fowler John H. Pelusi Jr. $251,700,000
3
935,000 SF/31 Units
13. NAI Capital
Michael Zugsmith $247,000,000
168
7,726,115 SF
14. Madison Partners
Bob Safai $235,930,000
14
1,031,849 SF
15. Charles Dunn Co.
Chris Atkinson $181,170,000
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