By Alex Girda, Associate Editor<\/p>\n
In a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction closed. According to Loopnet.com, the center\u2019sl tenants include names such as Jax Market, Taco Bell, At&T and Bank of America. Situated at the southeast corner of Telegraph Road and Orr and Day Road, the property traded for $200 per square foot.<\/p>\n
In other transaction news, an undisclosed investor has acquired four pre-war, Art Deco buildings in Koreatown for $17 million. Offering \u00a0102 one-bedroom apartments and 97 studios among them, the non-rent controlled properties are located at \u00a03835 West 8th Street; 715 South St. Andrews Place; 324 Catalina Avenue; and \u00a0326 South Normandie Avenue, rentv.com reported. The transaction is an indication of the strong local multi-family rental market.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Alex Girda, Associate Editor
\nIn a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004053408","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"\n