CLASSIFIEDS

CLASSIFIEDS

COMMERCIAL REAL ESTATE WANTS AND NEEDS

People are always asking us if we know someone who “has” or “needs” a specific type of real estate.

Here’s a list of recent wants and needs. If you can provide any solutions, do let us know – jodi@jodisummers.com – and we’ll create a win-win situation for everyone involved.

 

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April 18, 2009 – DISTRESSED ASSETS ONLY

We are only interested to buy Distressed Assets at deep discounts.

We are principals responsible for a $100 Million private equity fund who have been purchasing Bank Owned fourplexes and other distressed assets throughout  Southern California  in the last 18 months.  We would love for you to represent us in purchasing any and/or all FDIC or Bank-Owned 3 or 4 unit residential buildings and/or 5 to 300 unit multi-family apartment buildings in REO, with an emphasis in Los Angeles and Orange Counties.

We are also looking for value added retail centers (only in the State of California), on major hard corners that we can reposition by giving it a face lift or through re-tenanting it. We are interested to pick up these retail centers at 8% cap rate or better on its current income and under $150 per square foot on the building.

We would also like to buy Non-Performing Notes on commercial and multi family properties (only in the State of California) that we can foreclose on and take over the management of the property. Do you have anything at this point that fits our acquisition criteria?

Please place us on your mailing list and continue forwarding us all of your new and upcoming Bank Owned and other distressed assets for sale. I look forward to working with you on all future opportunities.

Sincerely,
PJ E

 

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Sent: Wednesday, April 08, 2009 8:19 PM

Subject: Investores for incomplete projects

Mr Chan has investors in China looking to do business as partners with commercial developers whose project(s) are incomplete and need funding to finish (like: commercial strip malls, store fronts, business office complexes, possible tenant complexes).

We’re looking for such projects in Southern California including Inland Empire and maybe to other states/regions. Visit you website and feel you may advice of such opportunities.

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March 21, 2009 – Client Seeking Owner/User Property

Client (owner/user) seeking to purchase a property based on the following criteria:

qUse: Live/Work

qProduct Type: Office,Flex, Creative

qBuilding Size: 4,000-10,000SF

qParking: At least 4 spaces

qAreas of Interest: Santa Monica, W. Hollywood, and Hollywood

qPrice Range: Up to $5M

If you represent a property that meets the above criteria, please forward the information.

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Wants A Gas Station

2-25-2009 – Buyer looking to add another gas station to their portfolio.

Please contact us if you have anything.

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Looking for a Shopping Center

2-25-2008 Seasoned investor looking for a shopping center for sale.

They are looking for a strong cap rate.

They have up to $2 million to spend, and can put at least 35% down.

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Wants to buy Medical in the Valley

02-16-2009 – A doctor client has couple medical practices located in Studio City, and Granada Hills.  The doctor would like to consolidate his two locations into a 4k SF medical building with “ample” parking.  Desired location is San Fernando Valley.  The doctor is a high net worth client of the Bank, and would like to purchase a building.

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FDIC seeking office space in Southern California

The agency needs office space while it liquidates the assets of failed banks and thrifts. The search is focused on Orange County, a source says

The Federal Deposit Insurance Corp. plans soon to sign a major lease of office space in Orange County, probably in Irvine, where as many as 600 people would liquidate the assets of troubled banks and thrifts based in California and other Western states.

 

“It’s a temporary office — three to five years is what we’re looking at,” Barr stated. “We hope to find the space within the next few weeks.”

If you have anything to offer, please email jodi@jodisummers.com.

http://www.latimes.com/classified/realestate/rentals/commercial/la-fi-office17-2008oct17,0,3019233.story

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If you want to post, please email jodi@jodisummers.com

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