MEI Real Estate Services brokered the purchase of a retail strip center consisting of a CVS Pharmacy and six retail shops, totaling approximately 24,000 square feet. The $4M center is adjacent to a new Lowe’s Home Improvement Center and fronts Interstate 80 in Fairfield, California. This acquisition was part of a private investment trust’s 1031 exchange. Dennis Dillon negotiated on behalf of the trust.
MEI Secures $9M Refinance Loan
December 14, 2011 By
Los Angeles – On behalf of a private investor, MEI Real Estate Services has secured a $9 Million CMBS loan with Prudential Mortgage Capital on a retail project located in downtown Santa Monica, California.
New Listing on Olympic Blvd!
November 30, 2011 By
MEI is proud to list 11240 W. Olympic Blvd. in Los Angeles for lease. The subject property is a 7,311 sq.ft. free standing building with onsite parking on a 14,026 sq.ft. lot. The property is well located on busy Olympic Blvd between the 405 Freeway and Sawtelle Blvd, immediately adjacent to One West Side shopping center. The building also has rooftop signage which is visible from the 405 fwy. For more information, please contact Dennis Dillon or Click Here.
UPDATE! – bike MS: Accept the Challenge!
November 14, 2011 By
Thanks to all who donated to my annual MS Ride this year! I’m happy to say that my team and I finished the ride in good health and we were able to raise more than $17,500 for the cause! This year’s ride from San Francisco to Sonoma raised more than $1.8 million to help find a cure for MS and to assist those who already have this devastating disease! MEI Real Estate, Dillon’s Demons and I want to thank all of you for your donations and support! ~Dennis Dillon
See Dennis in The Beach Reporter!
David Ahn Receives CCIM Designation
October 19, 2011 By
Congratulations to David Ahn, VP of Asset Services who recently traveled to Phoenix, AZ to complete and obtain the CCIM designation. “A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. The CCIM lapel pin is earned after successfully completing a designation process that ensures CCIMs are proficient not only in theory, but also in practice. This elite corps of CCIMs include brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers, and other allied professionals.” (ccim.com) Mr. Ahn adds CCIM credentials to his already impressive list of industry designations which include CPM (Certified Property Manager) and RPA (Real Property Administrator).
MEI Engages Joint Venture Partnership
October 19, 2011 By
MEI Real Estate Services is pleased to announce a partnership with a undisclosed equity partner who has committed a minimum of $1 million to the acquisition of commercial real estate. The joint venture partnership with MEI will be primarily focused on value added projects with mid to long term holds. The newly formed partnership will expand on a long standing property management and brokerage relationship.
Dennis Dillon Awarded an MEI
October 10, 2011 By
MEI Real Estate Services recently honored Dennis Dillon at the Strand House in Manhattan Beach for his 16 years of extraordinary service to the firm and to the clients that he has served with diligence and professionalism over the years. MEI Honored Dennis with the Companys first MEI, an award given to a deserving member of the MEI team who has demonstrated professionalism, dedication and resourcefulness in getting the deal closed and the job done. In this instance Dennis was given the MEI for being the lead broker on a recent land sale to In-N-Out Burger.
MEI Brokers $1.4M Sale of Hermosa Beach Office Building
August 22, 2011 By
Hermosa Beach, Calif. – MEI Real Estate Services is pleased to announce the sale of a two story office building in Hermosa Beach, California. MEI represented the Seller in this transaction. The building is located on 3rd Street near Pacific Coast Highway in Hermosa Beach, California and was acquired for use as the buyer’s corporate offices. The buyer plans on making considerable interior improvements to make the building suitable for their use. The transaction, a long time in the making, required considerable negotiations with the existing lender.
MEI Real Estate Services Represents Seller in Prominent Corner Sale to In-N-Out Burger
August 11, 2011 By
Torrance, Calif. – MEI Real Estate Services closed the sale of a retail pad on the northeast corner of the Hawthorne and Del Amo intersection at an undisclosed price. The existing structure will be demolished to make way for a future In-N-Out Burger. Construction is expected to start at the end of August. MEI will continue to represent Best Plaza, the shopping center which surrounds this site.
MEI Negotiates Lease Extension with National Retailer
August 1, 2011 By
The MEI brokerage team has recently negotiated terms on a lease renewal for a national retailer who retain it’s store at a Northridge regional power center, which is also managed by MEI. The net value of the lease renewal was over $850k. Special thanks to lead broker Matt Crawford.