July 2021 – The COVID-19 Real Estate Discount: Fact or Fiction As published in Receivership News, Summer 2021, Issue 72, Robert Leveen, Senior Vice President at Lee & Associates – Pasadena discusses the COVID-19 Real Estate Discount: Fact of Fiction. ********** A few times a month, I receive a call from an appraiser to confirm pricing on a recently closed transaction. Once I report the numbers, invariably I get the question, “What do you think…
MonthLee Transactions – May 2021
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: May 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, offers a partial list of closed sale and lease transactions from the Pasadena, California office.. Lee & Associates – Pasadena brokered a $5,000,000 sale of a 10,212 square-foot retail building located at 400 S Fair Oaks Avenue in Pasadena, CA. John Berger and Mauricio Olaiz of Lee &…
MonthLee Transactions – April 2021
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: APRIL 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sale and lease transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered a $2,240,000 sale of a 3,679 square-foot, owner-user office building located at 1510 Oxley Street, South Pasadena. Mauricio Olaiz and Elliott Gallahan of Lee & Associates – Pasadena represented the buyer,…
Lee & Associates – Pasadena, Jodi Shoemake, facilitates 9,020 SF Storefront Retail Lease on South Lake Avenue in Pasadena with Terra Outdoor Living
April 29, 2021 (PASADENA, CA) Lee & Associates – Pasadena’s Founding Principal Jodi Shoemake successfully facilitated a long-term lease of a 9,020 sq. ft. freestanding retail building located at 422 S. Lake Avenue in the city of Pasadena, California, to outdoor patio/garden retailer Terra Outdoor Living. The company has 11 physical locations in Northern and Southern California and a strong online presence. “Terra started looking in 2018 for space in Pasadena and we were very…
Two Industrial Sales at $25.2 Million closed by John Berger and Mauricio Olaiz from Lee & Associates – Pasadena
April 20, 2021 (PASADENA, CA) – John Berger, President, and Mauricio Olaiz, Associate, of Lee and Associates – Pasadena once again deliver for their Pasadena, CA clientele in the acquisition of two industrial core sale lease backs located in Idaho Falls, ID and Gilbert, AZ with a combined value of $25,250,000. The site in Idaho Falls, ID located at 2105 Boge Avenue is a 79,184 square foot single-tenant industrial property leased long term to Elevation…
Lee & Associates – Pasadena Sponsored 22nd Annual Pasadena Humane Golf Tournament
PASADENA, CA – April 14, 2021 – Lee & Associates – Pasadena sponsored this year’s Pasadena Humane Doglegs, Birdies & Eagles golf tournament on April 12, 2021. John Berger, Lee & Associates – Pasadena President, serves on the Board of Directors of the Pasadena Humane and is pictured with three associates in our office, Mauricio Olaiz, Elliott Gallahan, and Trevor Gleason. The Pasadena Humane is a donor-supported, non-profit organization that provides animal care and services…
Iconic Monrovia Property Sold by Dan Bacani & Jodi Shoemake
March 31, 2021 (MONROVIA, CA) Lee & Associates – Pasadena Founding Principals Dan Bacani and Jodi Shoemake successfully facilitated the sale of Monrovia’s iconic property, located at 204 W. Foothill Blvd. in the city of Monrovia, California, to a well-deserving and long-time Monrovia business, Foothill Gym, which is owned by Brian and Jennifer Whelan and have been in operation for over nineteen years. “While we needed to get creative towards the end, I personally love…
MonthLee Transactions – February 2021
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: FEBRUARY 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sale and lease transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered the investment sale of a Class A, 79,184 square-foot, single-tenant industrial building located at 2105 Boge Avenue in Idaho Falls, ID, closing at $14,500,000. John Berger and Mauricio Olaiz of…
MonthLee Transactions – January 2021
LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: JANUARY 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sales transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered the sale of a 10,798 square-foot multi-tenant office building located at 448 E. Foothill Blvd., San Dimas, CA 91773. Chris Johnson of Lee & Associates – Pasadena represented the seller, Senza LLC…