Press Releases

October 4, 2021 (Monterey Park, CA) Lee & Associates – Pasadena Founding Principals, Christopher Larimore and Dan Bacani, successfully facilitated the sale of a 5,583 square foot, freestanding retail building located at 1950 S. Atlantic Blvd in the city of Monterey Park, California to a local hair salon owner. The building was formerly a pet supply store and suffered from prolonged vacancy. This transaction sets a record for the highest price per square foot sold…

LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: July 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 closes Dynasty Shopping Center, a $29,500,000 court-ordered sale located at 800-812 N. Broadway and 821 N Spring Street in Chinatown, Los Angeles, CA. Robert Leveen and Jamie Harrison of…

LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: June 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 leased 10,744 square feet of medial office space, with a gross consideration of $2,053,488 located at 333 S. Arroyo Parkway in Pasadena, CA for landlord, HRC Properties, LLC….

 July 19, 2021 (LOS ANGELES, CA)  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today the successful $29,500,000 sale of 800-812 N. Broadway and 821 N Spring Street in Chinatown, Los Angeles, CA.   Robert Leveen and Jamie Harrison of Lee & Associates – Pasadena, and Mike D. Smith and Armen Kazaryan of Team LA at Lee & Associates – Commerce, together represented the seller, Kevin Singer, Partition Referee…

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…

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 &…

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,…

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…

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…