Author Archives: ryanbahl@yahoo.com

Hawaiian Gardens Shopping Center Sells for $11.6M

Hawaiian Gardens

March 30, 2012 Written by Philippe Recto (precto@costar.com) Urdang Associates sold the Hawaiian Gardens Towne Center in Hawaiian Gardens, CA, to HP Investors LLC for $11.6 million or $147 per square foot. The retail property was reported to be only about 37.5 percent occupied at the time of sale. The shopping complex is 121,815 square […]

Wealthy Individuals Finance Commercial Property for Yield

Miramar Square

Margaret Collins and Oshrat Carmiel March 10, 2011, 9:11 AM PST When Sumeet Parekh bought a retail property in Manhattan’s TriBeCa neighborhood in January, individual investors provided about a quarter of the financing.Morgan Stanley put up a little more than half of the $6 million purchase price, and Parekh contributed about $1.25 million. He got […]