The Federal Reserve raised its key short-term interest rate by a quarter percentage point, pushing ahead with its aggressive campaign to tame inflation despite financial turmoil following Silicon Valley Bank’s collapse. Full Story
Author Archives: Christine Greene
Inflation: consumer prices rise 6% over last year in February, slowest since Sept. 2021
Inflation showed continued signs of cooling off in February but remained stubbornly high and well above the Federal Reserve’s 2% target in the year’s second month, according to the latest data from the Bureau of Labor Statistics Full Story
INDUSTRIAL PROPERTY FOR SALE $4,400,000
727 South Flower Street
Burbank, CA 91502
Freestanding industrial property with easy access to the 5 Freeway and Downtown Burbank Media District! 12,300 square feet of building on 19,667 square feet of land; clear span warehouse with 13′ minimum ceiling clearance, two ground-level loading doors, and two power panels: 600 amps, three phase and 400 amps, single phase; fully renovated oﬃce and restrooms; 17 parking spaces including one accessible space; for more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.
COMMERCIAL PROPERTY FOR SALE
Three Different Purchase Options
Glendale, CA 91201
Conveniently located with easy access to Burbank and Los Angeles as well as the 5 and 134 freeways
1800 – 1810 Victory Blvd: $5,495,000
Five separate structures totaling approximately 9,768 square feet situated on 19,865 square feet of land (per Assessor); the property is comprised of three separate parcels and features a mix of oﬃce, retail and industrial buildings; zoned IMU which allows for a wide variety of uses; currently striped for 25 parking spaces; great for an owner/user or investor looking for a property with multiple units and ﬂexible zoning.
1800 Victory Blvd: $2,000,000
Freestanding 3,204 square foot commercial building located on 7,869 square feet of land (per Assessor); corner location with excellent visibility; zoned IMU which allows for a wide variety of uses; currently striped for 11 parking spaces with two driveways (Victory Boulevard and Thompson Avenue); the structure is currently used as oﬃce space featuring two large bullpen areas, seven (7) oﬃces, reception area, kitchenette, and storage; the property can be conﬁgured to support two separate tenancies of approximately 2,000 square feet and 1,200 square feet; the site can be purchased in combination with the neighboring property (1802 – 1810 Victory Boulevard) or as a separate sale as long as both escrows close concurrently.
1802 – 1810 Victory Blvd: $3,500,000
Four separate structures totaling approximately 6,564 square feet situated on 11,996 square feet of land (per Assessor); the property is comprised of two separate parcels and features a mix of retail, oﬃce and industrial structures; zoned IMU which allows for a wide variety of uses; currently striped with 14 parking spaces; great for an owner/user or investor looking for a property with multiple units and ﬂexible zoning; this site can be purchased in combination with the neighboring property (1800 Victory Boulevard) or as a separate sale as long as both escrows close concurrently. For more information, contact Patrick Long x134, Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Patrick Long DRE #: #01831830. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.
Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago
Across-the-board increases in shelter, food and energy boosted the index after inflation had shown signs of receding in recent months. “Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago. Full Story
MAJOR PRICE REDUCTION! OFFICE/RETAIL PROPERTY FOR SALE $1,950,000
4612 – 4614 San Fernando Road, Glendale, CA 91204; outstanding 2,665 square foot office/retail building along the San Fernando Road corridor with 7 parking spaces, plus an approximately 2,400 square foot, fenced yard; previously a contractor’s office with yard, but well suited to a wide range of other uses; for more information, contact Stephen M. Baker at office: 818.956.7001 x162, cell: 818.621.8245 or email: SBaker@StevensonRealEstate.com; DRE #: 00981810; Stevenson Real Estate Services DRE #: 00983560.
OFFICE PROPERTY FOR SALE OR LEASE
$4,950,000 or $16,500/MO, MG; 880 East Broadway, Glendale, CA 91205; 4,500 SF of building on 4,570 SF of land; architecturally attractive bow truss constructed red-brick building with arched windows, and exposed open beams and metal HVAC ducting. Great street corner presence close to City of Glendale Civic Center. Extensive interior renovation was completed in 2020 on premium above-standard oﬃce build-outs for owner-user occupancy; serviced by subterranean seven-space parking that could tandem to twelve vehicles, with direct interior access to oﬃce level. Additional oﬀ-site paid parking across the street (Broadway) up to twelve cars a possibility. Ideal freestanding professional building for high-end legal, architectural, engineering, and accounting practices, among others. Owner open to either a sale or lease. For more information, contact Ante Trinidad at 818.956.7001 x130. Ante Trinidad, MRED DRE #: 00704267. Stevenson Real Estate Services DRE#: 00983560.
U.S. jobs report today
Economy added 517,000 jobs despite recession risk; unemployment fell to 3.4% Full Story
MEDICAL OFFICE PROPERTY FOR SALE $2,295,000
3056 Fletcher Drive
Los Angeles, CA 90065
Rare, freestanding 2,588 SF medical office building on 14,671 SF of land. The property features excellent visibility with pole signage and 100 linear feet of street frontage on Fletcher Drive. The building is conﬁgured with a waiting room, three (3) exam rooms, two (2) procedure rooms, four (4) administrative oﬃces, a lunch room, administrative bullpen, two (2) lab spaces, a chart room, storage, and two (2) restrooms. There are 21 parking spaces with the ability to add more. Strategically located .6 miles from Glendale and adjacent to Atwater Village and Glassell Park with easy access to the 2 and 5 Freeways. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.
MEDICAL OFFICE CONDO SOLD FOR $715,000!
421 East Angeleno Avenue, Suite 101
Burbank, CA 91501
Patrick long represented both the seller and buyer in the sale of this attractive, 780 SF medical office unit with three (3) exam rooms, doctor’s oﬃce, reception area, administrative area, lab space, and two (2) restrooms; great natural light with windows facing Angeleno and Glenoaks; semi-private front patio area; condo is part of a larger medical complex that is elevator served; the property has common area patient parking and one reserved space for the doctor; located near Downtown Burbank near the intersection of South Glenoaks Boulevard and East Angeleno Avenue. For more information, contact Patrick at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.