Lee and Associates LA North/Ventura’s principals Scott Romick and Eugene Kim leased 20,000 square foot at 19500 Ventura Boulevard for a total consideration of approximately $17 million. The award-winning open-air medical complex that recently completed its $5 million transformation into a first-class medical professional building will be the new regional home to tenant United Medical Doctors.

The lease includes most of the ground floor and a portion of the second floor. This lease, along with two other new medical leases makes up approximately 60% of the available space at the property, totaling 24,000 square feet.

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Sean Sullivan, Todd Tydlaska, Michael Longo, Craig Peters and Richard Ramirez of CBRE facilitated the $67 million sale of a prominent medical building to Kaiser Foundation Health Plan, a non-profit entity associated with Kaiser Permanente, one of the largest medical employers in California.

Leveraging its extensive industry connections and comprehensive knowledge of the current office market, the CBRE team successfully found a suitable buyer for the building, which was due to become vacant within the year. Despite the challenges presented by the current office real estate landscape, the CBRE brokers skillfully negotiated a favorable rate for their client, while the non-profit buyer stands to benefit from a valuable investment in property ownership.

Leveraging their relationship with the premier beverage manufacturer, Craig Peters and Sam Glendon facilitated DrinkPAK’s latest expansion and lease, encompassing the 135,258-square-foot building on Commerce Center Drive and the 176,107 square-foot building at on Avenue Paine.

Colliers brokered the sale of two off-market, fully leased, single-tenant industrial assets in the Santa Clarita Valley totaling $38 million.

Representing both the buyer, Rexford Industrial, and Seller in the disposition of the two properties adjacent to three others in Rexford’s portfolio, Colliers’ brokers Matt Dierckman, David Harding, Greg Geraci and Billy Walk assisted Rexford in securing the targeted assets with the benefit of long-term cash flow, a flexible close date for the seller and future repositioning potential.

Newmark arranged the sale of The Mix, a five-building, 760,521-square-foot mixed-use campus in Northridge. The asset sold for $170.5 million. Kevin Shannon, Ken White, Rob Hannan and Laura Stumm represented the seller, a partnership between DRA Advisors and Shubin Nadal Realty Investors. The buyer was a joint venture between Affinius Capital LLC and Pendulum Property Partners.

The property, situated on a 40-acre site‚ was 74% leased at the time of sale, the campus has since grown to become the headquarters for Regal Medical Group and HemaCare, among other tenants. Befitting its name, “The Mix” property has office, industrial, R&D, and retail components.

CBRE’s Justin Schultz and his team successfully facilitated a complex transaction that met the needs of clients Nike and Williams-Sonoma. Nike was able to buyout of the lease and Williams-Sonoma was able to secure the same space under favorable terms. The landlord, Caruso Affiliated, also had a positive outcome with a valuable new tenant that helps elevate this already prominent shopping destination.

This transaction presented a remarkable level of complexity as it involved addressing the financial considerations of three prominent stakeholders. Through strategic negotiations and a deep understanding of the retail leasing landscape, Schultz successfully harmonized the financial interests of all parties.

Newmark completed the sale of Victory Plaza, a 136,580-square-foot, grocery-anchored retail center in North Hollywood. The asset sold for $57.75 million. Newmark vice chairman Pete Bethea and senior managing directors Rob Ippolito and Glenn Rudy represented the seller, Kennedy Wilson, a global real estate investment company based in Beverly Hills. The buyer was Gerrity, a vertically integrated real estate investment and operating company based in San Diego.

Located at 13007-13047 Victory Boulevard, Victory Plaza is situated on 12.21 acres of land and is anchored by the high performing Vallarta Supermarkets. The center was 97% occupied at the time of sale.