Los Angeles

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Michel Hibbert, a senior managing director of Charles Dunn Co.'sWest Los Angeles office, negotiated a $3.75 million sale andpurchase of a 16-unit condominium complex currently operating as anapartment building located at 9201 Tobias Ave. in Panorama City.Hibbert represented both the buyer, Tobias Group LLC and theseller, Lone Oak Panorama LLC. According to Hibbert, the buyerpurchased the property with the intention of selling them asindividual condos at a later date. "Market activity is beginning topick up as buyers begin to realize that it's at or close to thebottom, in terms of pricing," he says. The property is operating at95% occupancy.

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Cohen, Miskei & Mowrey LLP has signed a 10-year lease tooccupy 18,081 square feet of office space in Woodland Hills. Thefirm will relocate to its new offices at 5700 Canoga Ave. in July.This represents an expansion for CMM, which has been leasing 12,191square feet at 15303 Ventura Blvd. in Sherman Oaks for the pastseven years. Studley represented CMM. The landlord, Hines, wasrepresented in the transaction both in-house and by CB RichardEllis Inc.

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An unidentified bank/financial institution has sold RoyalApartments, a 15-unit property in Van Nuys, CA, to a privateinvestor for $1.17 million. Marcus & Millichap Real EstateInvestment Services represented both the buyer and seller.

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[IMGCAP(2)]Inland Empire

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Faris Lee Investments has completed the $5.2 million sale of afully occupied multi-tenant retail property in Murrieta, CA.Located at 27890 Clinton Keith Rd., the 11,716-square-foot propertyis situated within the Orchard-Stone Creek, a Super Target-anchoredregional shopping center adjacent to and fronting the 215 Freeway,directly off the Clinton Keith Road exit. The tenants within theproperty include Starbucks, Subway, UPS Store, Verizon, Juice itUp, Xtreme Frozen Yogurt and Orchard Nail Spa. Faris LeeInvestments represented the seller, Carlmart LP from San Diego, andthe buyer, Los Angeles-based Westerntuf LLC. The property sold atapproximately $444 per square foot.

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Orange County

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DAUM Commercial Real Estate Services represented LSPS PropertiesLLC in the sale of a 26,334-square-foot industrial building locatedin Yorba Linda, CA. The total consideration of the sale was $3million. The property is located at 23700 & 23720 Via Del Rio.Associated Commercial Brokers represented the buyer, WildfunInvestments LLC, in the transaction. DAUM also represented both thebuyer and the seller in the sale of a 28,603-square-foot industrialbuilding located in Corona, CA. The total consideration of the salewas $2.43 million. The buyer was Russell Wudi Family Trust, and2390 Railroad St. LLC was the seller in the transaction. Theproperty is located at 2390 Railroad St.

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Grubb & Ellis Co. represented Burnham USA in a seven-year,13,295-square-foot lease to Dollar Tree Inc. at the Costco Plaza inFountain Valley. Dollar Tree will take occupancy at the property,located at 17876 Newhope St., on May 1. The discount varietyretailer will join other tenants such as Costco, Big Lots,Souplantation and Starbucks. Studley Inc. represented Dollar Treein the transaction.

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San Diego

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Arden Realty, GE Capital Real Estate's property servicescompany, has signed a new lease with Maxwell Technologies, adeveloper and manufacturer of energy storage and power deliverysolutions, for 11,864 square feet of office space in San Diego. Theproperty is located at 5271 Viewridge Court and is class B officespace built in 1991. Maxwell Technologies will use the space as adistribution facility. Additional details of the transaction werenot disclosed.

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Lake Tahoe

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As part of an ongoing upgrade of the Cal Neva Resort, Spa andCasino in Lake Tahoe, property owner Canyon Capital Realty Advisorshas temporarily closed the 5,365-square-foot casino, and has begunthe process of selecting a new Nevada-based gaming operator thatwill re-open the casino by year's end. Canyon has already been indiscussion with several gaming-license holders who have expressedinterest in becoming Cal Neva's new casino operator.

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Las Vegas

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NAI Las Vegas represented Bailes Family Trust in the purchase ofa 33,724-square-foot industrial property from AML Development II.The property, located at 1710 Whitney Mesa in Henderson, NV, soldfor $5.9 million.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.