February 1, 2021 – Senate Bill 91 Passes – Extends Tenant Eviction Protections Through June 30, 2021 Senior Vice President, Robert Leveen provides that latest news from Sacramento. As anticipated, the California Legislature approved a bill that will use $2.6 billion in Federal COVID relief funding to pay landlords of certain qualifying low-income renters up to 80% of rent owed due COVID-19 financial hardships. Senate Bill 91 passed the California Senate by a 34-to-0 vote…
$70 Million Sale in Phoenix, AZ & Houston, TX Brokered by Lee & Associates Pasadena Team – John Berger & Mauricio Olaiz
January 27, 2021 (PASADENA, CA) Founding Principal John Berger and Associate Mauricio Olaiz successfully closed the largest sale transaction to date at Lee & Associates – Pasadena with a combined value of $70,791,000. Representing the buyer, who is both a long-term friend and client, Mr. Berger and Mr. Olaiz were able to assist in the acquisition of five industrial buildings located in Phoenix, AZ totaling 72,055 square feet and one 383,750 square foot industrial building…
Hobart Apartments sold in Koreatown by Robert Leveen
January 20, 2021 (LOS ANGELES, CA) Robert Leveen, Senior Vice President at Lee & Associates – Pasadena successfully closed the sale of Hobart Apartments located at 248 S. Hobart Blvd, Los Angeles in Koreatown. Representing the seller, Mr. Leveen sold this value add opportunity which is an 8-unit apartment constructed in 1928 and consists of eight – two bedroom/one and one quarter bath townhome units for $2,190,000 or $273,750 per unit. The buyer purchased this…
Storefront retail sold in Old Town Monrovia by Jamie Harrison and Chris Manassero
November 19, 2020 (MONROVIA, CA) Jamie Harrison, Principal, and Chris Manassero, Associate, both from Lee & Associates – Pasadena, brokered the sale of the property that was formerly Kaleidoscope Antiques located at 306 S. Myrtle Avenue in the city of Monrovia, California. Successfully representing the seller, Jamie and Chris sold this 7,440 square foot commercial storefront retail property. Rare owner-user opportunity with frontage along Myrtle Avenue, this location has great access to the 210 Freeway…
Jodi Shoemake, Founding Principal at Lee & Associates – Pasadena, gives interview to Bisnow about ICSC’s RECon 2020
May 19, 2020 (PASADENA, CA) Jodi Shoemake, Founding Principal at Lee & Associates – Pasadena, gives an interview to Bisnow about the changes to this years’ annual RECon event typically held in Las Vegas, NV. To prevent the spread of the coronavirus and following state and local orders, the International Council of Shopping Centers in March canceled its annual RECon retail convention in Las Vegas. The group postponed its other events through August. But with…
Office Market Group Pasadena Closes Two Sales in February
February 20, 2020 (PASADENA, CA) – Christopher Larimore and Vincent Molitor of the Office Market Group Pasadena at Lee & Associates – Pasadena successfully represented the sale of two commercial properties in the month of February. Setting the market in Covina for medial office properties with the sale of 147-153 W College Street. Representing the owner of this single-story, multi-tenant medical-dental building, The Office Market Group Pasadena sold it for $414 which is currently the…
Sale of $1.42 million Storefront Property by Robert Leveen
February 10, 2020 (ARCADIA, CA) – Lee & Associates – Pasadena’s Senior Vice President, Robert Leveen, brokered the sale of 142-144 E. Huntington Drive in the city of Arcadia, California, located on the city’s busiest roadway. Successfully representing the seller and buyer, the two-unit storefront property sold for $1,420,000 ($264 per square foot). The property had been owned by the same family for over 60 years and was locally known as the go-to bicycle shop…
Lee Pasadena continues growth with Investment Sales Associate hire
PASADENA, Calif.—January 20, 2020 The Pasadena office of Lee & Associates has announced the addition of Christopher Manassero, who will specialize in the investment sales of commercial property throughout Southern California. Mr. Manassero joins the office as an Associate and is a graduate of the University of Nevada, Las Vegas earning a Bachelor’s of Science degree in Business Administration & Finance. Before joining Lee & Associates – Pasadena, Inc., Mr. Manassero worked as an Audit…
Pasadena’s Real Estate Market Stays Hot. For Now.
Pasadena, CA | November 11, 2019 Commercial Broker and Founding Principal at Lee & Associates-Pasadena, Colleen Carey was recently asked by Pasadena Chamber of Commerce to present an update on the commercial real estate market in Pasadena at the Business and Economic Summit. Pasadena Now published her presentation which walks us through a number of projects planned and in the works throughout the City. With over 20 years of real estate experience, Ms. Carey is…