The property at 9900 Wilshire Avenue in Beverly Hills sold at auction for $150,000,000, property records show. The owners, CPC Group, were in default on a $365.5 million loan, the LA Times reports. They had apparently planned to develop the 457,073 square feet parking lot into condominiums and a hotel, the same source reports.

The second most expensive commercial property to be sold in 2010 to date is a warehouse at 6101 Variel Avenue. The property was scheduled for auction on February 23rd and sold for $23,135,017, property records show. This warehouse is currently listed for lease/sale by Delphi Business Properties Inc.

507 Wilshire Boulevard | Source: www.smconservancy.org

The third most expensive commercial property to be sold in Los Angeles County in 2010 is 507 Wilshire Boulevard in Santa Monica. This landmarked mixed-use property sold at auction for $19,450,000.  The distressed owner seems to have defaulted on a $21,785,000 construction loan taken in 2006, property records show.

A deal involving two retail properties in Santa Monica, located at 624 Broadway and 1502 7th Street sold at auction for $16,350,000 on March 3rd.

The fifth largest transaction was for the newly built Palihouse Vine hotel located at 1717 Vine Street. According to LA Curbed, Palihouse Vine automatically fell into the possession of CIM Group, which had bought the construction loan in 2009, after no one bid on the property at auction.

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7501 Bellingham Avenue, North Hollywood	Single Family Home Beds: 3 Baths: 3 Listing price: $360,000 Loan amount: N/A
7016 Park Manor Avenue,  North Hollywood	Single Family Home Beds: 3 Baths: 2 Listing price: $350,000 Loan amount: $500,000
11863 Hoyt Lane, Sylmar	Single Family Home Beds: 4 Baths: 3 Listing price: $299,000 Loan amount:$448,000

Browse our current Los Angeles homes for sale.

(Note: PropertyShark.com is not involved in any way with the sale of these particular properties.)

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May 2009 Los Angeles Foreclosures

The zip codes with the highest number of new foreclosures in May 2009 are located in Palmdale, Lancaster and Pacoima.

Look up any Los Angeles property at http://www.propertyshark.com/mason/california/index.html

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Los Angeles Triple Bubble Trouble Map

Zoom in on the map to the highest degree and you will get the actual values for all the three market indicators.

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Q1 09 Los Angeles Foreclosures

Zip codes in Palmdale and Lancaster continue to top the list of areas with the highest number of new foreclosures.

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Los Angeles Foreclosures

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• New Los Angeles foreclosures down 49% from December 2008 and down 33% from January 2008: New foreclosures in Los Angeles recorded a significant decrease in January 2009 (2,605), down 49% compared to December 2008 (5,104) and down 33% compared to January 2008 (3,881).
• New Miami foreclosures up 58% from December 2008, reaching a two-year peak in January 2009: The number of new foreclosures reached a two-year peak in Miami in January 2009, with the current number (1,188) 49% higher than one year ago (795). Compared to the previous month (750), the number of new foreclosures increased by 58%.
• New York City foreclosures up 64% from December 2008 and up 5% from January 2008: New foreclosures in New York City (all five boroughs) increased 64% from December 2008 (170) and were up 5% from January 2008 (266).
• New Seattle foreclosures (104) spiked 300% from December 2008: There were 104 new foreclosures in Seattle in January 2009. The current number was up 300% from December 2008, but was down 42% compared to January 2008.

For a list of markets where we have foreclosure listings, go to http://www.propertyshark.com/mason/Foreclosures

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Los Angeles Foreclosures spike back up in November 2008

Browse current Los Angeles Foreclosure listings.

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• The Q208 Investment Property Report: Compared to Q2 2007, all three regions studied (New York City, Los Angeles, San Francisco saw major setbacks in the number of sales. New York City, down 29.4%,
  experienced the steepest decline among the three areas. In Q2 2008, New YorkCity saw the lowest value for closed multifamily building transactions over a two year time period, while in California the two counties saw a slight increase from Q1 2008, at which time both regions experienced two-year lows. View the full report: Q208 Investment Property Report
• The Four City August Foreclosure Report: New York City Foreclosures reach three-year highs; Los Angeles, Miami, Seattle all up: Foreclosures in New York City (383) reached the highest value since we started tracking foreclosures (spring of 2005), predominantly due to Queens. Los Angeles (up 159%), Miami (up 72%), and Seattle (up 27%) have seen a significant increase new foreclosures compared to
  August 2007. However, all three regions saw a slight decrease compared to July 2008. View the full report: Four City August Foreclosure Report

Foreclosures in Los Angeles, Miami, New York City, Seattle

• The Long Island August Foreclosure Report: Long Island foreclosures in August remain higher than last year: The number of new foreclosures in Long Island was 32% higher than in August 2007. Suffolk County was up 19%, while Nassau County recorded a 41% increase over the same time period. While Long Island foreclosures remain higher than August 2007, August 2008 is the third consecutive month of declines in first time foreclosures for the region. View the full report: Long Island August Foreclosure Report
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To get started, here is a list of the current ongoing reports we produce:

1. Monthly Foreclosure Report: This report is distributed to the press and media every month and covers foreclosure levels in Los Angeles, New York City, Miami, and Seattle in a longitudinal study. We also have an additional monthly report on foreclosures in Long Island.
2. Quarterly Investment Property Report: This report covers multifamily building sales trends in San Francisco, New York City, and Los Angeles.
3. The Corcoran Report: This quarterly report on residential sales in Manhattan is produced by the Corcoran Group in conjunction with PropertyShark.com

Click here to view all of our market reports.

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