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Half-Acre Property in Santa Clarita Sells for $1.5 Million

18717 Soledad Canyon Road in Santa Clarita.

Half-Acre Property in Santa Clarita Sells for $1.5 Million

By Michael Aushenker Staff Reporter at The San Fernando Valley Business Journal

A commercial property with only 1,292 square feet in Santa Clarita has sold for $1.5 million, according to brokerage Spectrum Commercial Real Estate.

The property is located at 18717 Soledad Canyon Road and was opened in 1962.

It features 180 feet of frontage along heavily trafficked Soledad Canyon Road and serves as an excellent site for various commercial uses, according to Spectrum. The lot is comprised of two freestanding structures, one of which is Alta Dena Dairy and the other a coffee kiosk with drive-through capability.

The property is also next to a slew of retail storefronts and sits across the street from Edwards Cinema.

Spectrum’s Yair Haimoff and Randy Cude represented the unnamed seller of the property.

Original Author: Michael Aushenker
Original Publication By: sfvbj.com

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Virtual Leasing

Photographer: Thomas Wasper at The San Fernando Valley Business Journal

Tech Savvy: Yair Haimoff started virtual walk-throughs before the pandemic.

 

By MICHAEL AUSHENKER Staff Reporter

Until recently, virtual tours of commercial and residential real estate proper-ties were something of a novelty and virtual leasing a rare option. 1ow, during pandemic times, they have become a necessity.Local property owners and brokers, who have already flirted and familiarized them-selves with virtual tours for the past few years, are relying heavily on the technology to get them through the social distancing requirements during the shutdown period as the coronavirus situation prevents prospective investors and renters from visiting properties in person because of liability reasons.

Chicago-based real estate investment firm Waterton Property Management has aggressively employed virtual tours and leasing in the marketing of its new apartments at Chase knolls in Sherman Oaks.

Located at 13401 Riverside Drive and occupying a large block, Chase Knolls is not your average Valley mid-century apartment complex. Waterton is beginning to wrap up its first phase on an overhaul project that was long resisted by locals. Designed by pioneer African-American Modernist architect Ralph Vaughn and built in 1949, the garden apartments took the place of a dairy farm as a reflection of the Valley’s post-WWII boom. In 2000, four years before Waterton acquired Chase Knolls and announced plans to enhance it with an expansion project, the apartments were declared a Los Angeles landmark. With parklike paths and shady courtyards, the Los Angeles Conservancy considered this address a prime example of the ideal postwar utopian village.

With those issues in the rearview, Water-ton originally readied to roll out its upgrade in stages starting in May and through mid- to late-2021, Waterton has been renovating 260 of what it calls its “classic units” while building 141 new residences to the historic project.

“We’re really trying to keep the mid-century style,” Tina Miserendino, director of marketing and branding for Waterton, told the Business Journal.

“We had a lot of (virtual) technology in place prior to the virus,” Miserendino said, explaining that they got on board three years ago “when that concept rolled out in an incubator. We rolled it out at a portion of our properties, and we saw a great success.”

Utilizing Realync a real-time virtual live-tour software ± a potential buyer can walk through a Chase .nolls apartment with the leasing agent, who is physically walking through the home and delivering video and narration via a tablet or cellphone.

“Each of our associates are creating video that they can email,” Miserendino said.

Before the pandemic, occasional buyers in a different state or city might take the virtual route and buy a property without as much as an in-person visit.

We call those (types of buyers) ‘site unseen’ leasing,” Miserendino explained. “If you love the specific unit, the leasing agent would lead you to our property website. There’s an area you can apply. Hit the apply link, fill out information, go through our normal screening process.”

Typically, after 24 to 48 hours, when the buyer gets an approval and a move-in date, a commitment is a commitment. But during the pandemic, potential renters can get a full refund 72 hours prior to moving in, in a policy Waterton is presently offering through the end of July.

If you’re dissatisfied, within 30 days from the move-in date, you can cancel your lease and move out without penalty and only pay the days you’ve been living with us,” Miserendino said. “The move out must be within the 30 days from the move in date.”

Virtual growing reality

Waterton is currently conducting internal discussions regarding self-guided tours, but it’s not as easy as having a potential buyer sign a waiver, the company representative explained.

“We would have to really think about the liabilities and legality of not being present when they are going through the property,” Miserendino said. “(But) that’s definitely in our pipeline. We’ve actually explored (this idea) prior to the coronavirus.”

Meanwhile, she continued, virtual leasing will be the standard during the virus crisis.

“The fact that we live in our digital age is actually going to help us achieve our leasing goals,” Miserendino said. “’With the current circumstance, this is an amazing option.”

Not every property owner has embraced virtual leasing during the crisis, noted Janette, senior director of National Multi Housing Group at Marcus & Millichap’s Encino office. She explained that it depends on whether the building owners are huge firms or smaller, independent investors.

“As far as I am aware, there is a real lull for owners in renting out their vacant units,” Monfared said. “A lot of small mom-and-pop (multifamily property owners) do not have the tools for this. I think owners of larger and newer properties, large companies, are the ones really taking advantage of the virtual property tour.”

However, companies not employing such technology may soon become the outlier, said Yair Haimoff, chief executive of Spectrum Commercial Real Estate Services in Encino, who noted that his agency started doing virtual tours long before the catastrophe hit.

“We actually began utilizing the features as most prospects were too busy to tour spaces during normal business hours and the fastest way was to set up virtual tours so the prospects could walk through the space virtually,” said Haimoff. “We also have detailed 3-D floorplans for each space that we lease.”

Spectrum’s brokers still conduct personal tours. However, “we pre-screen each prospect and make sure that everyone (brokers and clients) wears a mask to the showing,” Haimoff said.

Sales cycles

Karen Schakarov, vice president of marketing for Peak Corporation Network in Woodland Hills, said that, right now, showing places in person is no longer an option. The Peak Century 21 branch is run by Eli Tene and Gil Priel.

“Eli was ahead of the curve (with tech),” Schakarov said. “We own our own meta-port, a 3-D virtual camera. You can post it, you can promote it. Additionally, we try and do a Facetime with the leasing agent. … Today, that’s the only way to show a property.”

Peak can close deals on single-family homes, multifamily properties, and commercial properties, such as strip malls, via virtual leasing. However, it might be too early in the run of the coronavirus crisis to see deals closed from beginning to end virtually. While the volume of sales has slowed significantly since March, sales currently in play are tied up with virtual, as owners had visited the sites prior to the outbreak.

“The sales cycle is too long for that,” she said of seeing deals beginning and ending during the crisis.

Schakarov also mentioned that Tene and Priel are picking up the tab on technology expenses to support their sellers.

“Usually, an agent pays for everything,” she explained. “They pay 100 percent for the photography, the tech, drones,” she explained.

Ultimately, Schakarov continued, despite the abrupt slowdown in real estate, “people still need to buy and sell properties. The need hasn’t changed. The way you execute has changed.”

Schakarov said young adults — millennials and younger — were already embracing online buying before the pandemic broke out. She predicted that the virtual purchase will become an industry norm after the crisis subsides.

“It will be the revolutionary way of buying property this way sooner rather than later,” she said.

Waterton’s Miserendino also believes that virtual tours will stick around past the pandemic and “site unseen” buyers will multiply.

“With the transient nature of the renter in our country, people move state-to-state all the time,” she said. “This technology will continue to be used after the virus. This is just the beginning.”

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Coldwell Banker Leases New Location in Valencia

Tourney Place at 27451 Tourney Road in Valencia.

Coldwell Banker Leases New Location in Valencia

Coldwell Banker Quality Properties has leased 3,250 square feet of second-floor office space in Valencia.

According to sources close to the deal, Coldwell Banker signed a five-year lease pitched in the mid-to-high $2 per square foot range.

Tourney Place, the Valencia property located at 27451 Tourney Road, is situated within the Tourney Place Business Park and surrounded by amenities. The 20,731-square-foot office building sits on just over an acre of land. Additional businesses include Valencia Commercial Properties, Pathway Escrow, Multi-State Insurance Services, and Jane M. Szerman Law.

Spectrum CRE ™ founder Yair Haimoff and agent Randy Cude represented both owner My Three Sons LLC and Coldwell in the deal.

“Coldwell Banker QP was looking to relocate their local Santa Clarita office,” Cude said in a statement. “They looked at multiple sites and decided to move forward on this building due to its location, high-image and prominent building signage. The ownership and property management were proactive and motivated to get the deal signed. We feel that this is an excellent location for the new home of Coldwell Banker Quality Properties.”

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Moving Company Signs Chatsworth Warehouse Lease

Moving Company Signs Chatsworth Warehouse Lease

Air 1 Moving & Storage has signed a lease for a freestanding industrial facility in Chatsworth.

The warehouse, located at 9556 Cozycroft Ave., spans about 21,600 square feet and is situated on a large parcel. A source with knowledge of the deal said the lease rate would start at $1 per square foot. The five-year lease’s total value is about $1.4 million.

The property includes docks, ground loading, and ample power.

Yair Haimoff and Barry Jakov, commercial real estate brokers with Spectrum CRE ™, Inc., represented the company in the transaction.

“Air 1 Moving & Storage occupied space in North Hollywood for over 20 years and needed additional space for growth,” Jakov said in a statement. “Our client was on a short time frame and needed to locate a new facility within 30 days.”

Based in Valencia, Spectrum CRE ™. was founded in 2018.

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Northridge Medical Building Sells for Roughly $12 Million

A multi-tenant medical office building in Northridge has sold for an undisclosed price that — according to a source close to the deal —approaches $12 million.

Northridge Medical Center, located at 18433 Roscoe Blvd., is comprised of various professional medical tenants and sits across the street from Dignity Health’s Northridge Hospital Medical Center, a 409-bed facility.

Built-in 1977, the 30,353-square-foot Northridge Medical Center counts among its 14 tenants HealthCare Partners of California, Valley Clinical Trials Inc., Oncology Institute of Hope and Innovation, Northridge Dentalworks and Active Life, according to CoStar data.

Yair Haimoff and Matt Sreden, commercial real estate brokers with Spectrum CRE ™, represented both the buyer and seller

“Once we put this great asset on the market, we generated a tremendous amount of activity,” Haimoff said in a statement. “We had multiple offers from private investors to regional and larger investment groups. The asset was ultimately sold to the highest bidder.”

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Bakery Leases New Headquarters at Warner Center

Bakery Leases New Headquarters at Warner Center

An upscale baked goods producer and café have signed a 15,757-square-foot deal on a Warner Center facility that will become the company’s new manufacturing space.

Spectrum CRE ™, leader Yair Haimoff represented tenant Wildflour Bakery & Café and Lessor 26 Califa LLC. in the industrial/office complex lease.

The property, located at 21160 Califa St. in Woodland Hills, will be utilized by Wildflour Bakery & Café of Agoura Hills as its new baking facility while the Conejo Valley company retains its café in Agoura Hills.

Owned by Gregory Yulish, Wildflour produces and delivers baked goods directly to big-box retailers and restaurants nationwide. The company will move into the Warner Center space during the third quarter.

Founded in 2018 by Haimoff, Spectrum CRE ™ is a full-service commercial real estate firm in Valencia.

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Multi-Tenant Retail Lot in Newhall Sold

Multi-Tenant Retail Lot in Newhall Sold

Yair Haimoff, SIOR, and Andrew Ghassemi, commercial real estate advisors with Spectrum CRE ™, are pleased to have represented the buyer in the sale of a +/- 6,297 square foot multi-tenant retail property in Newhall.

This was an all-cash transaction. The amount was not disclosed. The property is located at 25057-25067 Peachland Ave., in Newhall, 91321, within the Santa Clarita submarket. It is situated on a 23,087 square foot parcel and is part of a larger shopping center anchored by Smart & Final, Union Bank, and the US Postal Service.

This multi-tenant property is situated within the Corridor Plan (CP) zoning area, designated by the city of Santa Clarita. The CP zoning designation identifies lands in the planning area that are governed by an adopted corridor plan. This coupled with new developments currently in progress provides the new owner(s) with tremendous upside in terms of future opportunities. Call brokers for more information.

 

About Spectrum CRE ™.

Spectrum CRE ™, founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a fresh pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com.

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Kaiser Permanente Renews Lease in Valencia

Valencia Executive Plaza at 27201 Tourney Road in Valencia.

Kaiser Permanente Renews Lease in Valencia

Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical space in Valencia.

Located at 27201 Tourney Road, the property known as Valencia Executive Plaza sits within the Valencia Corporate Center. The office building has undergone recent renovations and features extensive views of the golf course at Valencia Country Club.

Spectrum Commercial Real Estate, Inc., in Encino represented the building’s owner, Valencia Executive Plaza LLC of Valencia, in the 10,934-square-foot deal.

Financial details of the transaction were not disclosed.

“This was a high-profile transaction that required attention, patience, and detail to take to the finish line,” said Spectrum Commercial Real Estate Vice President Matt Sreden, who represented the landlord along with Spectrum broker Andrew Ghassemi and Spectrum founder Yair Haimoff.

According to Spectrum CRE ™, the lease represents one of the largest medical transactions in the Santa Clarita Valley submarket since the second quarter of 2016.

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Ultimate Business Award Winners 2019

Ultimate Business Award Winners 2019

élite Magazine Interactive Media of Santa Clarita has announced the Ultimate Business Award Winners 2019.

Spectrum CRE ™ is proud to be Santa Claritas’ Ultimate Commercial Real Estate Company! Thank you for voting for us!

Ultimate Business Award Winners 2019

Ultimate Business Professionals & Award  Winners 2019

Ultimate Car Wash
Valencia Car Wash
24233 Creekside Rd, Valencia
661-255-3448
valenciacarwash.com

Ultimate CPA
Julie M. Sturgeon CPA
28042 Avenue Stanford # E, Valencia
661-251-6031
santaclaritatax.com

Ultimate Tax Services
Jeffrey D. Winger, CPA
23822 Valencia Boulevard,
Suite 304, Valencia
661-286-0044
www.gbmi.com

Ultimate Family Lawyers
The Reape-Rickett Law Firm
25152 Springfield Court, Suite 100, Valencia
661-288-1000
divorcedigest.com

Ultimate Wealth Management
Vance Wealth
26491 Summit Cir, Santa Clarita
661-775-0950
vancewealth.com

Ultimate Dealership
Valencia Acura
23955 Creekside Rd, Valencia
661-228-1222
valenciaacura.com

Ultimate Residential Realtor
Cherrie Brown &
Zach McReynolds (Next Home)
23734 Valencia Blvd #110, Valencia
661-877-1929
realestateforsantaclarita.com

Ultimate Financial Planning
Thrivent Financial
Jeff & Melanie Meyer
25350 Magic Mountain Pkwy, Valencia
661-799-0230
connect.thrivent.com

Ultimate Bankruptcy Lawyer
RJB Law Offices
25000 Avenue Stanford #262, Valencia
888-256-8581
santaclaritabankruptcylawfirm.com

Ultimate Bank
Logix Federal Credit Union
Various locations through Santa Clarita
800-328-5328
logixbanking.com

Ultimate In-Home Care
Comfort Keepers
23900 Lyons Ave, Newhall
661-287-4200
comfortkeepers.com

Ultimate Non-Profit
Henry Mayo Newhall Hospital Foundation
23845 McBean Pkwy,
Valencia
661-200-1200
henrymayo.com/support-henry-mayo

Ultimate Insurance Broker
LBW Insurance & Financial Services
28055 Smyth Dr, Valencia
888-522-7805
lbwinsurance.com

Ultimate Escrow Company
Newhall Escrow
24010 Lyons Ave, Newhall
661-259-3450 | newhallescrow.com

Ultimate Commercial Real Estate
Spectrum CRE ™.
28392 Constellation Road, Valencia
661-306-9600 | spectrumcre.com

OTHER WINNERS:

Ultimate Divorce Lawyer
Denise Placencio

Ultimate Mortgage
American Family Funding

Ultimate Investment Company
Schramm Financial Group

Ultimate Elder Law
McNamara Law Firm, PC

Ultimate Web Services
Santa Clarita Website Design

Ultimate Business Lawyer
Poole & Shaffery, LLP

Thank-You-Santa-Clarita

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Commercial Real Estate 2019 Broker Nominees

Stephen Algermissen
Cushman & Wakefield

Patrick Amos
CBRE

John S. Archibald
Colliers International

Mike Arnold
NAI Capital

David Aschkenasy
Commercial Asset Group

Tony G. Azzi
Marcus & Millichap

Bill Bauman
Newmark Knight Frank

Scott Becket
JLL

Jeff Benson
Marcus & Millichap

Chuck Berger
Cushman & Wakefield

Alex Blecksmith
Colliers International

Hayley Blockley
JLL

Steve “Bogie” Bogoyevac
Marcus & Millichap

Ryan Bos
Cushman & Wakefield

Tim Bower
CBRE

Ben Brownstein
Marcus & Millichap

Genny Chang
Newmark Knight Frank

Robert Cohen
RKF

Jeffrey Cole
Cushman & Wakefield

Thomas A. Condon
Colliers International

Eric Cox
CBRE

Rob Crumly
CBRE

Dean Cutler
illi Commercial Real Estate

Ali de Oca
JLL

Jay Dick
CBRE

Todd Doney
CBRE

Kevin Duffy
CBRE

Darren Eades
JLL

Brian Eisendrath
CBRE

Matthew Erickson
Colliers International

Joe Faulkner
NAI Capital

Derek Fitch
CBRE

Mike Foley
Cushman & Wakefield

Jennifer Frisk
Newmark Knight Frank

Chad Gahr
NAI Capital

Robert Garey
Cushman & Wakefield

Greg Geraci
CBRE

Scott Gertz
WESTMAC Commercial Brokerage Company

Andrew Gharibian
First Property Realty Corporation

Andrew Ghassemi
Spectrum CRE ™.

Steven Goldstein
Marcus & Millichap

Neal Golub
CBRE

Josh Gorin
Savills Studley

Joe Grabiec
Institutional Property Advisors

Kevin Green
Institutional Property Advisors

Kirby Greenlee
NAI Capital

Yair Haimoff, SIOR
Spectrum CRE ™.

Michael Hanassab
Marcus & Millichap

Rob Hannan
Newmark Knight Frank

Dave Harding
CBRE

Ryan Harding
Newmark Knight Frank

Matthew Hargrove
CBRE

Greg Harris
Institutional Property Advisors

Ronald Harris
Marcus & Millichap

Elliot Hassan
Marcus & Millichap

Maureen Hawley
JLL

Ed Hernandez
Cushman & Wakefield

Dave Hess
Cushman & Wakefield

Morgan Jackson
Cushman & Wakefield

Barry Jakov
Spectrum CRE ™.

Gavin Ketchum
Newmark Knight Frank

Bill Kiefer
NAI Capital

Terence Kirk
Colliers International

Alex Kozakov
CBRE

Alan Krueger
CBRE

Jonathan Larsen
Avison Young

Eric Lastition
Newmark Knight Frank

Darla Longo
CBRE

Michael Longo
CBRE

Jeffrey Louks
Marcus & Millichap

Jay Luchs
Newmark Knight Frank

Geoff Ludwig
Newmark Knight Frank

Brian Luft
NAI Capital

Andrew Lustgarten
Savills Studley

Brett Lyon
Lyon Stahl Investment Real Estate

T.C. Macker
WESTMAC Commercial Brokerage Company

Carine Mamann
Cushman & Wakefield

Bradford McCarthy
CBRE

John McMillan, SIOR
Newmark Knight Frank

Brandon Michaels
Marcus & Millichap

Kyle Miller
Newmark Knight Frank

Matthew Miller
CRESA

Michael Moll
Newmark Knight Frank

Janette Monfared
Marcus & Millichap

John Montakab
CBRE

Patrick Moody
Colliers International

Tony Morales
JLL

Kazuko Morgan
Cushman & Wakefield

Carl Muhlstein
JLL

Nico Napolitano
Cushman & Wakefield

Janet Neman
Kidder Mathews

Dana Nialis
CBRE

Filip Niculete
Marcus & Millichap

Christian Noonan
JLL

Philip Norton
Colliers International

Nicholas Nybokken
Colliers International

Ashley Obradovich
Newmark Knight Frank

Greg Offsay
illi Commercial Real Estate

David O’Keefe
Marcus & Millichap

Guillermo Olaiz
Colliers International

Eric Olofson
Cushman & Wakefield

Orbell Ovaness
CBRE

Luke Palmo
WESTMAC Commercial Brokerage Company

Nathan Pellow
Colliers International

Rebeca Finkel Perlmutter
CBRE

Barbara Perrier
CBRE

Craig Peters
CBRE

Dedrik Pharis
CBRE

Gerald Porter
CRESA

David Prior
The Klabin Company

Roderick Raymundo
Marcus & Millichap

Lior Regenstreif
Marcus & Millichap

Marc D. Renard
Cushman & Wakefield

Scott Riddles
CBRE

Richard Ringer
Marcus & Millichap

Richard Rizika
Beta Retail

James Robbins
Colliers International

Nico Rosmarin
Lyon Stahl Investment Real Estate

Phil Ruhl
CBRE

Bob Safai
Madison Partners

Cameron Samimi
Lyon Stahl Investment Real Estate

Jeff Sanita
Newmark Knight Frank

Brett Sanson
Marcus & Millichap

Manfred Schaub
Cushman & Wakefield

Bryan Schellinger
Marcus & Millichap

Frank Schulz III, SIOR
The Klabin Company

Matthew Schwartz
Newmark Knight Frank

Kevin Shannon
Newmark Knight Frank

Lee Shapiro
Kennedy Wilson

Peter Sherman
Avison Young

Michael Slater
CBRE

Stephen Soqui
Marcus & Millichap

Matt Sreden
Spectrum CRE ™

Woody Stahl
Lyon Stahl Investment Real Estate

Kimberly R. Stepp
Stepp Commercial

Robert Stepp
Stepp Commercial

Michael Sterman
Marcus & Millichap

Ian Strano
NAI Capital

Laura Stumm
Newmark Knight Frank

Greg Stumm
Newmark Knight Frank

Joey Sugar
CBRE

Mark Sullivan
Savills Studley

Sean Sullivan
CBRE

Todd Taugner
The Klabin Company

Jason Tuvia
Marcus & Millichap

Todd Tydlaska
CBRE

Patrick Wade
CBRE

Kitty Wallace
Colliers International

Rob Waller
CBRE

Angie Weber
CBRE

Jonathan Weir
Marcus & Millichap

Stew Weston
CBRE

Danny Williams
Newmark Knight Frank

David Young
NAI Capital

Shane Young
Marcus & Millichap

Dean Zander
CBRE

John Zanetos
CBRE