DECEMBER 2013 | Vol. 138
STC CRE TITLE new

G E N E R A L
市 場 概 括

 

Downtown Los Angeles' $650 Million Grand Avenue Mixed-Use Development Will Be Designed By Frank Gehry

洛杉磯市中心將建價值65千萬的綜合體,集公寓、酒店、和商場於一身

According to a report by the Los Angeles Times, the new design would be built in a single phase between 2015 and 2019 and will include two towers, one of which will hold as many as 450 residential units, most of which will be apartments, and 20 percent of those would be reserved for affordable housing. The other tower would be shorter, holding a 300-room hotel. Those towers would anchor a set of mixed shops and restaurants around a plaza open to Grand Avenue.

 

Irvine Passes Orange County Great Park Plan

爾灣市通過橘縣公園建造計劃,附近伴隨千餘住房建造項目

Irvine City Council voted 3-2 in favor of a plan to allow developer FivePoint Communities to build out the Orange County Great Park, plus thousands of new homes nearby.  FivePoint is expected to build an 18-hole golf course, multiple other sports facilities, and a wildlife corridor. In exchange, Voice of OC noted that the developer received permission to build 4,606 new homes on newly re-zoned land, which some estimated could be worth about $1 billion to the company.

 

Self-Storage Has Staying Power in CRE

自助存儲倉庫穩步發展,提振商業地產整體

Steady as she goes is a good way to describe the self-storage category. This alternative commercial real estate investment category has proven to be stable and growing, and though it was impacted during the great recession it held up better than other asset classes.

 

Push for Light Rail Extension

Azusa Montclair 兩個城市間將增建輕軌

Metro Gold Line Foothill Extension Construction Authority hosts a pre-proposal conference to push for a light rail extension from Azusa to Montclair.

 

Old Wilshire Grand Now Completely Demolished, New 71-Story Tower Breaking Ground Soon 

舊建築拆除完成,洛杉磯市71層新塔樓破土動工在

The new, $1-billion Wilshire Grand will be 71 stories and bring 900 hotel rooms, 400,000 square feet of office space, and a ton of retail to Seventh and Figueroa sometime around the end of 2016. 

 

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R E T A I L 
購 物 商 場

 

Remaking Malls in an Internet Era

為與網路購物競爭,傳統商場重新設計佈局讓購物更便捷

Traditional shopping centers have to rethink their layouts because the consumer today has limited time. That's why the Internet is so popular because it is saving people time.

 

Mobile Inspires New Retail Store Designs That Go Beyond The Apple Store

移動產品的發展為零售店設計創新帶來靈感

Mobile's influence on the in-store experience extends beyond iPad point-of-sale systems and shopping applications, with retailers completely rethinking store design and merchandising to better meet the needs of the smartphone-equipped customer.

 

Sears CEO Sees Room To Close More Stores

銷售下滑,購物商場品牌Sears2010年起已關閉約300家店面

The operator of Sears department stores and the Kmart discount chain has closed about 300 U.S. stores since 2010, tightly managing inventory, selling real estate and shedding assets at home and in Canada as it tries to engineer a turnaround after years of declining sales.

 

Blockbuster To Close U.S. Retail Stores, Mail DVD Operation

連鎖影片租賃店 Blockbuster 明年初將關閉全美300間店面

The retail company that introduced millions of Americans to stay-home movie nights said Wednesday it will close its 300 remaining U.S. stores by early January next year.

 

Kroger Moves Ahead on Fill-In Strategy

Kroger 管理者表示將加大力度尋找融入市場的策略

Kroger Co. has accelerated its efforts to identify markets it can fill in with additional stores, executives said at the company's investor conference here on Wednesday. 

 

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O F F I C E 
辦 公 樓

 

Majestic Realty Co. Launches Office Build 

地產公司 Majestic Realty Co. 公佈其位於工業市的16萬多平方尺辦公樓建造計劃,華美銀行已長期租下其中9萬與平方尺

Majestic Realty Co. has revealed plans for a 166,406-square-footspeculative office building, the Park at Crossroads.  Bank of the West has signed a 93,058-square-foot long-term lease in the building, helping to encourage the project, which is located in the Crossroads Business Park at 13300 Crossroads Parkway North in City of Industry.

 

Once Left for Dead, Suburban Office Making a Comeback

郊區辦公樓市場走出死亡困境

Still Playing Catch Up, Suburban Office Markets Garner Larger Share of Demand Growth than CBD as Office Recovery Becomes More Broad-Based

 

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I N D U S T R I A L 
工 業 倉 庫

 

Industrial Building Construction Set for Tepid Growth

工業倉庫建造未來五年將繼續增長

Industrial building construction will continue to experience grow over the next five years, despite declines in revenue, according to a report from IBISWorld. This will be driven by upticks in numerous domestic manufacturing sectors and favorable lending rates.

 

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M U L T I F A M I L Y 
公 寓 樓

 

In Downtown L.A., a Housing Revival

洛杉磯市中心公寓樓住宅建造復興

Six parking lots in downtown Los Angeles recently sold for $82 million. But the buyers aren't interested in the parking business: They want to build 1,500 rental apartments on the properties. The deal is the latest evidence that Los Angeles's downtown revival, which began a little more than a decade ago, is picking up momentum as a number of residential developers rush to build rental housing.

 

Why Apartment Sector Pricing May Cool

供應增長購買力有限,公寓樓買賣價格可能降溫

Apartment market pricing is expected to cool as supply increases and buyers, such as REITs, are unlikely to increase their acquisition pace, according to this analysis. The construction supply pipeline is so great that even if institutional buyers maintain their acquisition volumes, pricing could still drop

 

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H O T E L 
酒 店

 

Four Hotel Projects Underway in Anaheim

Anaheim市有四個酒店項目正在進行

The four active hotel projects are: The Hyatt Place Anaheim Resort, opening late 2014 with 178 rooms; the Hyatt House Anaheim Resort, opening in 2015 with 252 rooms; and two SpringHill Suites properties, one with 172 rooms and second with 120 rooms. Both SpringHill Suites hotels will open summer of 2014.

 

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F I N A N C I N G
貸 款 與 資 金 

 

  • As CRE Turns Corner, Banks Face Decision on How Hard to Compete for Loans
  • 商業地產回溫,銀行搶放貸款致利率過低及信貸標準過松

    It seems with every aspect of this recovery, it's an uneven mix, largely reflecting what stage of recovery the individual bank's loan portfolio is in. Another batch is already starting to pull back as competition for deals has driven down yields and loosened credit standards beyond their comfort zones.

     

    Consumer Money Rates (Mortgage Rate, Prime Rate, etc.)

    消費者市場利率:房貸、基本利率、等等

     

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    S T C  E X C L U S I V E  L I S T I N G SListings   
    獨 家 代 理 物 業
    F O R   S A L E Sale
    物 業 出 售

     

    Fresh & Easy and Starbucks 

    • Offering Price: $3,980,000
    • Building Size: 6,275 SF
    • 100% occupied by Starbucks and Fresh & Easy
    • Long term lease contracts 
    • Steady rent increases 
    • High average household income
    • Signalized corner of Lampson and Valley View 

      

    Major Rowland Heights Plaza

    大型羅蘭崗購物商場

    • Offering Price: $30,000,000
    • GLA: 58,151 SF
    • Irreplaceable Location in New Asian Hub
    • Highly Maintained
    • Stable Income Property Ideal for 1031 Exchange

      

    Mountain Village Plaza

    • Offering Price: $15,000,000
    • GLA: 90,804 SF
    • Signalized Corner of Mountain Avenue and Riverside Drive
    • Extremely High Average Annual Household Income 

    • Tenants include Ralph's, Starbucks, Roundtable Pizza, etc.

    • Extremely High Growth Potential

      

    Yucca Valley Dollar Tree

    • Offering Price: $5,000,000
    • GLA: 23,130 SF
    • Extremely High Visibility and Traffic on 29 Palms Hwy
    • Extremely High Average Annual Household Income 

    • Strong Tenant Mix
    • 2008 Construction
    • Ample parking spaces

    F O R   L E A S E Rent
    物 業 租 賃

     
    Arcadia, CA
    • 1,500 - 6,500 SF
    • Negotiable
    • 2 Spaces
    • Vehicle Related

    Add a description

    Colima Plaza - Convenience Store Space

    Hacienda Heights, CA
    • 4,000 SF
    • $2.00/SF/Month, Negotiable
    • Anchor Space

    Crenshaw Plaza

    Los Angeles, CA
    • 720-2,182 SF
    • $1.50-$1.65/SF/Month, Negotiable
    • 10,434 SF GLA
    • Strip Center
    • Anchor: El Pollo Loco

    Date Spring Plaza

    Murrieta, CA
    • 842 - 1,928 SF
    • Negotiable $1.75 + CAM $0.52
    • 16,311 SF GLA
    • Street Retail/Restaurant
    • Anchor: Optomery, Cleaner, BBQ

    Downey Office Building

    Downey, CA 90240
    • 608 - 1,033 SF
    • $18 - $19.80 /SF/Year
    • 6,818 SF GLA
    • Office Building

    Empire Commercial Center

    Rosemead, CA 91770
    • 1,000 - 1,3000 SF
    • Negociable
    • 55,480 SF Bldg
    • Neighborhood Cente

    Fairfield

    Fairfield Ranch Shopping Center

    Chino Hills, CA 91709
    • 875 - 1650 SF
    • $2.00 /SF/Month, Negotiable
    • 6,638 SF GLA
    • Neighborhood Center
    • Anchor: Subway, Los Primos Mexican Food, All in one Health Center

    Gardena Plaza

    Gardena, CA 90247
    • 1,493 - 1,800 SF
    • $1.34-3.46 /SF/Month
    • 3,293 SF GLA
    • Street Retail/Restaurant
    • Anchor: Yoshinoya

    Glendora Gateway

    Gardena, CA 90247
    • 640-3,500 SF

    • $1.75-$2.25/SF/Month

    • 18,661 SF GLA
    • Neighborhood Center
    • Anchor: 7-Eleven, U.S. Gov. & U.S. Army Recruitment Center
     
      Green Street 
    Redondo Beach, CA
    • 1,000 - 20,000 SF
    • $42/SF/Year
    • 20,000 SF GLA
    • Neighborhood Center
    • Under Construction
    Diamond Bar, CA 91765
    • Negotiable
    • 16,688 SF Bldg
    • Office Building
     
    Golden Springs Plaza
    Diamond Bar, CA 91789
    • Negotiable
    • 52,765 SF Bldg
    • Retail Center
    • Anchor: Tom N Tom Coffee, PonPon Café, US Arts Center, Ivymax Institute, and prestige Budhi Meditation
     
    Rowland Heights, CA 91748
    • 578 - 1,125 SF
    • $2.25 /SF/Month, Negotiable
    • 6,321 SF GLA
    • Retail Center
     
    Los Angeles, CA 90028
    • 550 - 2,000 SF
    • 5,000 SF GLA
    • Street Retail

    Market Circle at Covina

    Covina, CA 91722
    • 709 - 4,690 SF
    • $15 - $18 /SF/Year
    • 16,740 SF GLA
    • Strip Center

    Mountain Village Plaza

    Chino, CA 91710
    • 1,200 - 5,100 SF
    • $1.25 - $1.50 /SF/Month
    • 90,804 SF GLA
    • Neighborhood Center
     
    Cerritos, CA 90703
    • 708 - 4,920 SF
    • Negotiable
    • 57,632 SF GLA
    • Retail Center
    • Anchor: Babies R US

      

    Richer Plaza, San Gabriel

    San Gabriel, CA
    • 1,482 SF
    • $1.75 /SF/Month
    • 1 Spaces
    • 8,704 SF GLA
    • Strip Center

      

    Rowland Heights Plaza

    Rowland Heights, CA
    • 1,180  SF
    • $1.75 /SF/Month
    • 1 Space
    • 58,252 SF GLA
    • Neighborhood Center
     
    Los Angeles, CA 90011
    • 960 - 3,100 SF
    • Negotiable
    • 14,655 SF GLA
    • Anchor: Burger King, Yum Yum Donut Street Retail/Restaurant
     
    Los Angeles, CA 90011
    • 5263 SF GLA
    • Free Standing Private School
     

    Season's Place

    City of Industry, CA
    • 839 - 11,448 SF
    • $2.25/SF/Month, Negotiable
    • 78,956 SF GLA
    • Power Center
    • Anchor: STC Center, JJ Cafe, Jazz Cat, Tea Station, Half & Half
     

    STC Plaza

    Whittier, CA 90601
    • 557 - 5,002 SF
    • $22.20 - $33 /SF/Year, Negotiable
    • 23,005 SF GLA
    • Neighborhood Center
    • Anchor: Whittier Ranch Market, Starbucks
     

    Sunny Plaza

    El Monte, CA 90601
    • 800 - 1,287 SF
    • Negotiable
    • 6,009 SF GLA
    • Neighborhood Center
    • Anchor: El Monte Seafood Market, Olympic Donuts

      

    Valley Plaza

    San Gabriel, CA
    • 610-2,253 SF
    • $2.00/SF/Month, Negotiable
    • 7,166 SF Bldg
    • Street Retail 
     
     
    Los Angeles, CA
    • 962 - 3,100 SF
    • $1.50 /SF/Month, Negotiable
    • 18,591 SF Bldg
    • Retail/Office


    Whitter Plaza

    Whittier, CA
    • 1,625 - 3,817SF
    • $1.25 /SF/Month
    • 13,750 SF GLA
    • Retail
    • Anchor: Post Office, 7-Eleven
     

      

    Wilmington Plaza

    Wilmington, CA
    • 980 - 2,000 SF
    • Negotiable
    • 1 Space
    • 5,680 SF Bldg
    • Street Retail/Restaurant
    • Anchor: Little Caesar


    Yes Plaza

    Rowland Heights, CA 91748
    • 588 - 7,912 SF
    • Negotiable
    • 58,921 SF GLA
    • Neighborhood Center
    • Anchor: Banana Bay, Phoenix, Lee Sandwich 

     


    Yucca Valley Square

    Yucca Valley, CA 92284
    • 1,350 SF
    • Negotiable
    • 23,130 SF GLA
    • Strip Center
    • Anchor: Dollar Tree, AT&T, Subway, and Sprint 

     

     

    Warm regards,

     

    Investment Division

    STC Management, AMO

    10722 Beverly Blvd, Suite A | Whittier, CA 90601

    (562)695-1513   

    www.stcmanagement.com

    Like us on Facebook Follow us on Twitter View our profile on LinkedIn View our videos on YouTube 

     

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    Download Market Update 商業地產訊息下載


    Featured Leasing Opportunities 

      Market Circle

     

    910 - 3,510 SF

    $1.50 /SF/Month

    3 Space

    16,746 SF GLA

    Strip Center

     

    Learn More 

      Colima Plaza

    Convenience Store Space

     

    4,000 SF

    $2.00/SF/Month

    1 Space

    Anchor Store

     

    Learn More 

    John Hsu
    John Hsu, MBA, CPM, CCIM
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