Tony Maniscalchi, SIOR and Mike Maniscalchi, SIOR represented the seller in the sale of 900 Western Avenue, Glendale, CA 91201; Heros Minasian represented the buyer; industrial flex space; 24,304 sq. ft. of building on 36,786 sq. ft. of land; 11,792 sq. ft. of high image office space; three ground level loading doors; 30 parking spaces; fire sprinklered throughout; quick and easy access to freeways; flyer: http://bityurl.com/c25844. For more information, please contact Tony, Mike or Heros at 818-956-7001.

3608-3614 San Fernando Road, Glendale, CA 91204
INDUSTRIAL OWNER/USER FOR SALE. Area: 11,687 square feet building on 13,883 square feet land; price: $1,595,000; zoning: IMU-R; ceiling height: 14’; power: 200 amp, 240 volt; year built: 1930; description: two freestanding buildings available offered individually or together; four ground-level loading doors; four restrooms. 3608-3614 flyer: http://bityurl.com/723faa. 3608: area: 6,887 square feet building on 6,887 square feet land; price: $959,000. Continue reading →

Prices recovered to mid-2003 levels in the first quarter.  The U.S. Composite Index ended the first quarter 4.3% above the same period in 2011.  For full story, click here: http://bityurl.com/25a5f4.  Banks are finally willing to catch up on CRE borrowing demand.  For full story, click here: http://bityurl.com/6cddda.  Source: Costar.com

While the heated apartment market continues to grab headlines in the ongoing CRE recovery, a number of investors are quietly turning their attention to the warehouse sector anticipating a strengthening economic rebound as the U.S. jobs picture continues to improve. Source: Costar.com. For full story, click here: http://bityurl.com/89f.

Mike Maniscalchi, SIOR and Tony Maniscalchi, SIOR of Stevenson Real Estate Services represented the seller in this 24.63-acre transaction.  Source: Costar.com. For full story, click here: http://www.costar.com/News/Article/24-Acre-Chino-Land-Sells-for-$12M/135875.  They also represented the seller in the sale of an industrial building at 1000 North Lake Street in Burbank for $1.395 Million.  Click here for more information: http://bityurl.com/799c89.

Starting January 1, 2013, it will be unlawful to smoke in any common area, patio, balcony, or inside a unit within any multi-family building (defined as two or more units.)  Effective January 1, 2012, property owners/managers must post No Smoking signs in the common areas of their building. For full story, click here: http://www.movingmountainsdesign.com/pasadena-no-smoking-ordinance-effective-january-1/.
By: Stevenson Real Estate Services

SB 837: Sellers Disclosing Water-Conserving Plumbing Fixtures SB: NHD Companies Disclosing Mining Operations AB 771: No Fee Bundling for HOA Disclosures SB 510: Brokers Designating Managers SB 706: Strengthening DRE Enforcement SB 53: DRE Issuing Citations and Fines SB 53: Reporting Broker-Owned Escrows and Securities Qualification Exemptions AB 1424: DRE Suspending Largest Tax Delinquents SB 6: Agents Handling Appraisal Issues SB 221: Increasing Small Claims to $10,000 SB 4: Continue reading →

U.S. Forecast: Bruised But Still Optimistic. California Economy Poised For Continued Growth, But Will Be S-L-O-W. Full Forecast: http://bityurl.com/bf34b9.

Larger transactions reach highest level since the Great Recession and smaller, less expensive deals see largest year-over-year increase in six years http://bityurl.com/de8afd. Also, Land Sales Rise for First Time in Seven Years http://bityurl.com/1bad64. Source: Costar.com.

Alex Vasquez of Stevenson Real Estate Services represented the buyer in the sale of a neighborhood center anchored by Ralphs at 506-560 S. Workman Mill Road in Avocado Heights, CA. The center is 64,414 square feet on 7.13 acres. This was an all cash deal with a quick close. For more information, please contact Alex at 818-956-7001, X 37.