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SOLD FOR $6,025,000

January 13, 2022
Commercial/Production Building; 3917 W. Burbank Blvd. in Burbank; Mark Miller represented the seller in the sale of this 12,500 square foot building on 22,442 square feet of land; great corner location with gated on-site parking for 34 cars; 6,500 square feet of production and post production space and 6,000 square feet of open area. For more information, contact Mark at (818) 956-7001 x133. Mark Miller DRE #: 00689650. Stevenson Real Estate Services DRE #: 00983560.

 

PATRICK LONG IS #1 PRODUCER FOR 2021

December 30, 2021

Stevenson Real Estate Services recognizes Patrick Long as the company’s #1 producer for 2021. Patrick has been with the company for 14 years and brings a breadth of knowledge and expertise to all of his transactions. He is client oriented and represents Buyers, Sellers, Tenants and Landlords in all types of property: land, office, industrial, retail, apartments, specialty properties and even the occasional single-family home. As an investor and property owner himself, Patrick knows firsthand the needs and challenges of owners and tenants alike. We congratulate Patrick on an outstanding year and look forward to his continued success. If you are looking for exceptional representation in your next commercial real estate transaction, Patrick can be reached on his cell at (818) 535-9833.

Patrick Long
Vice President
DRE #: 01831830
Office: 818.956.7001 x134
Cell: 818.535.9833
Stevenson Real Estate Services
DRE #: 00983560
1111 North Brand Boulevard, Suite 250
Glendale, CA 91202

25060 Madison Avenue in Murrieta SOLD FOR $8,500,000

December 29, 2021

Kris Hons and Randy Stevenson represented the buyer in the sale of this 20,750 SF retail building on 94,090 SF of land; single-tenant NNN building occupied by Smart & Final since 2003; the building is located in Madison Square Shopping Center with Best Buy and Sportsman’s Warehouse; additional nearby retailers include Home Depot, Big Lots, 99 Cents Only Store, Ashley Homestore, Kohl’s, Lowe’s and Walmart; highly-visible, signalized corner adjacent the 15 Freeway; for more information, contact Kris x127 or Randy x155 at (818) 956-7001. Kris Hons DRE #: 01807261. Randy Stevenson DRE #: 01228475. Stevenson Real Estate Services DRE #: 00983560.

 

 

 

 

SOLD FOR $15,200,000!

December 18, 2021

PLAZA 111
107-117 E. Broadway & 105-113 N. Artsakh Ave.
Glendale, CA 91205
Mark Miller represented the seller in the sale of this three-level office/retail property with ground floor retail including King Taco, Khinkali House Dumplings, Gabriella’s New York City Pizza and Studio Kay along with second and third floor office space. There is a passageway which provides access between Brand Boulevard and Artsakh Avenue, and to the City parking structure with approximately 694 parking spaces and 90 minutes free parking. Located in the heart of Downtown Glendale in The Exchange, Plaza 111 is walking distance to an abundance of restaurants, shops, entertainment venues and services including heavily trafficked Brand Boulevard as well as The Americana at Brand and Glendale Galleria. For more information, contact Mark at (818) 956-7001 x133. Mark Miller DRE #: 00689650. Stevenson Real Estate Services DRE #: 00983560.

SOLD FOR $8,000,000!

December 16, 2021
RETAIL PROPERTY SOLD
1240-1250 West Glenoaks Boulevard
Glendale, CA 91201
Randy Stevenson and Kris Hons represented the seller in the sale of this 11,980 SF multi-tenant, mixed-use shopping center on 18,893 SF of land; located along busy Glenoaks Boulevard across from the Department of Motor Vehicles; excellent tenant mix featuring five (5) food uses, dry cleaner, UPS Store and personal services; upside in income for several of the commercial tenants and apartments; the facade of the property was remodeled in 2019; two (2) of the three (3) water services to the buildings were replaced in 2020 including upsizing those meters; the apartments have been replumbed; the entire roof was replaced with a PVC roof system in 2018; 16 parking spaces; illuminated monument sign for added visibility for the tenants; for more information, contact Randy x155 or Kris x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

Critical Housing Bills Signed by Governor

September 21, 2021

California lawmakers are seeking creative ways to enable local governments to meet their long-term housing needs and produce housing more quickly. SB 10 allows cities and counties to up-zone certain properties for up to ten dwelling units without California Environmental Quality Act (CEQA) review; SB 9 allows for the approval of duplexes and two-lot parcel maps without CEQA review; and SB 8 extends the term of the Housing Crisis Act. Full Story

Federal Reserve Chairman Jerome Powell indicated that the central bank is likely to begin tapering before the end of the year.

August 27, 2021

But he said rate hikes aren’t imminent as there is still “much ground to cover” before the economy hits full employment.  The speech was part of the Fed’s annual Jackson Hole, Wyoming, symposium. Full story

5 Key Takeaways from the July Jobs Report

August 06, 2021

The numbers in the report were certainly strong, with employers adding 943,000 more jobs to their payrolls than they cut Full Story

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year

April 12, 2021

Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell has reaffirmed the central bank’s commitment to keep loose monetary policy in place. Full Story

Powell plays down inflation — again — while Yellen sees possible return to full employment by 2022

March 23, 2021

…the housing market “has more than fully recovered from the downturn,” the central bank head noted. “Business investment and manufacturing production have picked up…” Full Story