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…
Robert Leveen Brings News You Can Use From Sacramento – Senate Bill 91 Passes
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…
LEE & ASSOCIATES-PASADENA CLOSES 17,000 SF LEASE WITH GROCERY OUTLET BARGAIN MARKET IN ARCADIA, CA AT THE SHOPPES @ HIGHLANDER CENTER
November 23, 2020 (ARCADIA, CA) – Grocery Outlet, a publicly traded company which is recognized as one of our nation’s largest value-oriented grocery chains has signed a 17,000 sq. ft. lease at The Shoppes @ Highlander Center located at 165 E Foothill Blvd. in Arcadia, California, formerly occupied by Rite Aid. Dan Bacani and Jodi Shoemake of Lee & Associates-Pasadena as well as David Maltzman of Globe Street Properties represented the landlord. Nathan Cromeenes of…
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…
Lee & Associates Pasadena’s Colleen Carey Brokers $2.3 million sale of Xiem Clay Center on Lake Ave in Pasadena, CA
March 11, 2020 (PASADENA, CA) Colleen Carey, Founding Principal at Lee & Associates – Pasadena, with 20+ years in the industry, brokered the sale of the property that is home to The Xiem Clay Center located at 1561-1565 N. Lake Avenue in the city of Pasadena, California. Successfully representing the seller, Colleen sold this 5,330 square foot commercial property sold for $2,300,000. The seller, Brian Fees, also owned the Xiem Clay Center business operating at…
New Associate Join Lee Pasadena’s Office & Retail Divisions
PASADENA, Calif.—March 4, 2020 The Pasadena office of Lee & Associates has announced the addition of Brandon Dix, who will specialize in office and retail brokerage in the Tri-Cities market. Mr. Dix is a Corporal in the United States Marine Core Reserve and Suma Cum Laude graduate from the University of San Francisco, where he majored in Finance and Marketing. After graduating, Mr. Dix began his commercial real estate career at Lee & Associates –…