The real estate investment trust has acquired Avenue Kearny – an industrial park totaling 138,980 square feet for $11.5 million. This sum breaks down to $83 per square foot. The industrial park is located in Valencia. Rexford Industrial Realty Inc. primarily focuses on value-add properties within infill submarkets in Southern California. Speaking to this, co-CEOs
PennyMac Mortgage Investment Trust, a real estate investment trust based in the city of Moorpark, have entered into an agreement with Bank of America to fund approximately $550 million in new mortgages. A real estate investment trust is a type of company, usually with many investors, that typically owns and operates a portfolio of income-producing
Overton Moore Properties (OMP) has purchased a near eight-acre entitled land site located in the San Fernando Valley from United Technology Corp. The site is located at in the Southeast corner of De Soto Avenue and Nordhoff Street in the San Fernando Valley. The land is zoned for retail and industrial uses. Timur Tecimer, CEO
FM Enterprises of Sherman Oaks has announced the purchase of a 53,000 square foot LA Fitness branch in Van Nuys located at 6161 N. Sepulveda Blvd. This is seen as a long term investment for FM, as LA Fitness is tied to a 20 year lease at this complex’s location. Frank Mushmel, principal at FM