Nissan Sells Los Angeles Headquarters Complex For 75 Million
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The former North American headquarters of Nissan is being sold to the Kearny Real Estate Co. for a reported 75 million dollars. Nissan North America is in the final stages of relocating to Franklin, Tennessee. What makes this interesting is that the buyer is not planning renting or selling to a multinational company. The 42 acre complex is expected to be redeveloped for smaller and midsized businesses.
Kearny Real Estate Co., which specializes in improving and repositioning large Southern California real estate assets, will spend as much as $10 million to “freshen up” the 1970s-vintage, 42-acre office and industrial campus before putting the buildings on the market for lease or sale, Kearny Managing Partner Jeff Dritley said Wednesday.
“Hopefully we’ll get lucky and find a user that wants a big part of the campus, but most of job growth today is at the small-business level,” Dritley said. “We’ll probably fill it with small and mid-sized companies.”
The deal, expected to close in October, comes as office vacancy rates in the South Bay have fallen to 14% from about 20% in the last year and rents have risen about 15%, broker Tony Morales of Staubach Co. said.
Am I the only one that finds it odd that the ONLY place that looks to be seriously warming is ...
It seems there are numbers posted about how much it could cost the US in home sales from people holding ...
The only people holding off will be those that are financially secure and can manage to hold off. How ...
What an awesome way to generate traffic for a story. Were they trying to time that for Sweeps Week? ...
That's awful. I wonder if using that tactic , if a building can be sold or used as collateral. ...
Good point about people possibly holding off now. The 4.5 percent interest rate could be a self-fulfilling prophecy. 
wow this is a wonderful creation...............i would like to be there once even in my life time........... 
Absolutely agree with Jon, excellent site and very imformative. Keep reporting to us please! 
I will say that had I never been to that site and seen Dean's many deals that he documented and ...
Great Real Estate
post ... very interesting. 
