News
Investor Wastes No Time in Picking Up Apartments
April 3rd, 2012 – Omninet Capital LLC has purchased a 189-unit apartment building in Mid-Wilshire for $9.3 million in cash, closing escrow in an unusually quick 10 days. The 2200-2208 W. Eighth St. property, known as the William Penn Apartment Homes, was sold this month by Bascom Group LLC. Irvine private-equity group Bascom purchased it in 2006 for $9.6 Continue Reading
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
February 1st, 2012 – January 31, 2012 By Scott Baltic, Contributing Editor Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif., Omninet, which is headquartered in Beverly Hills., Calif., announced Monday. A dollar amount was not released. The five-building Class A office Continue Reading
City of Commerce Biz Campus Trades for Near $40 Mil
January 31st, 2012 – 1/31/12 Commerce Office Park, a 285.4k sf institutional quality office campus in the City of Commerce traded hands at a price estimated to be near $40 mil. The Class A, five-building property is located at 4900, 5500, 5700 and 5770 South Eastern Ave, and 5801 East Slauson Ave in Commerce. It is spread across six Continue Reading