News

Adler Realty Investments Sell Three Prime Orange County Office Buildings for 7.6 Million

FOR IMMEDIATE RELEASE LOS ANGELES (October 21, 2011) – Adler Realty Investments Inc., a real estate investment and development firm, today sold three prime Orange County, Calif.-based office buildings for $7.6 million to Providence Orangewood, LLC.  The 107,000 square foot office complex is on a ground lease and is located at 1835, 1845, & 1915 Orangewood Avenue in the City of Orange.  Saint Joseph’s, UC Irvine, and Azusa Pacific University…

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Adler Realty Investments Sells Three Prime Orange County Office Buildings for $7.6 Million

LOS ANGELES (October 21, 2011) – Adler Realty Investments Inc., a real estate investment and development firm, today sold three prime Orange County, Calif.-based office buildings for $7.6 million to Providence Orangewood, LLC. The 107,000 square foot office complex is on a ground lease and is located at 1835, 1845, & 1915 Orangewood Avenue in the City of Orange. Saint Joseph’s, UC Irvine, and Azusa Pacific University are the major…

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Adler Realty Sells 11880 Greenville Avenue and Refinanced the Remaining Property Located at Forest Green Office Park

Dallas, TX (July 8, 2011) Building C, comprising of 24,278 square feet was sold to its largest tenant, TESS. The sales price was $2,525,000 ($104 per square foot).  The loan on the remainder of the property was set to mature in January 2012. On July 12th we closed a new loan with Citigroup in the amount of $6,650,000 and paid off the balance of the previous loan. The new loan…

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Adler Realty Refinances Preston Belt Line Office Park

Dallas, TX (June 2011) The loan on the property was refinanced with a long term fixed rate loan on June 16, 2011 with Citigroup. The 10 year loan bears an interest rate of 5.54% per annum, fully amortized over 30 years. The loan with Wells Fargo, which was due to mature in November 2011, was paid off in full.  

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Adler Realty Refinances 2600 N. Central Avenue In Phoenix

Phoenix, AZ (April 27, 2011) The property at 2600 N. Central Avenue in Phoenix was successfully refinanced with a new long term loan. The balance of the CIGNA loan, in the amount of $18,561,518, was due to mature in June 2011. A new ten year loan in the amount of $26,500,000, bearing interest at 5.48% per annum, fully amortized over thirty years was funded on April 27th.

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Sit’n Sleep to Open a New Store At Agoura Design Center, Agoura Hills, CA

Agoura Hills, CA (February 2011) – Adler Realty Investments, Inc. (“ADLER”) today announced that Sit ‘n Sleep, one of the largest mattress retailers in Southern California, will be leasing 11,348 square feet at their Agoura Design Center in Agoura Hills, California. ADLER has also recently added Hold Your Horses Tack, a 5,200 square foot equestrian lifestyle store that opened in January 2011, and executed a lease with My Party Playhouse,…

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StoneGround Baking Company to Open New European Bakery at The Shops at Oak Creek

Agoura Hills, CA (February 2011) – StoneGround Baking Company, a local European Style Bakery, will open a new 5,000 square foot Bakery/Cafe at The Shops at Oak Creek in the spring of 2011. StoneGround Baking Company is currently a Kosher Pareve European-style bakery that prepares it products using only natural ingredients and no preservatives.  In the new location, StoneGround will expand its product offering from freshly baked Kosher Pareve breads, pastries, and desserts, and will include pizza (made from…

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New Lease on History

LOS ANGELES (December ’10) – Owners of the historic and last standing building that once housed a Brown Derby restaurant have scored two 10-year lease deals with tenants. The deals are some good news for Hillhurst Los Feliz LLC, which bought the property at 4500 Los Feliz Blvd. in 2004 as a tear-down. However, its plan to build a mixed-use residential building was dashed when a preservationist group successfully appealed…

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Adler Realty Sells 4200 & 4260 Truxtun Avenue in Bakersfield and Refinanced Remaining Property

Bakersfield, CA (October 21, 2010) The two buildings on Truxtun Avenue 4200 and 4260 Truxtun Avenue comprising of 48,327 and 12,601 square feet respectively, were sold and 4900 California Avenue, comprising of 151,124 square feet was refinanced. The two Truxtun properties were sold to current tenants in the buildings for $8,000,000 ($131.30 per square foot). The original purchase price was $114.60 per square foot. The 4900 California building was refinanced…

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Adler Realty Investments, Inc. Signs 75,000 SqFt Lease With Zebra Technology In Agoura Hills, CA

Agoura Hills, CA. (September 8, 2010) – Adler Realty Investments, Inc., a full-service real estate investment and development firm, today announced the execution of a 75,000 square foot, 10 year lease at its Agoura Business Park property in Agoura Hills, California with Zebra Technology. “We are excited about the execution of this substantial lease at the building and are excited to have Zebra Technology in our project,” said Michael Adler, President…

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