San Francisco Business Times by Jim Gardner, Managing Editor

The Model S, built in Tesla’s Fremont factory, was designed to reach 60 miles per hour in 5.6 seconds, at $50,000 to $97,000 each.

A Newark landlord is testing the theory that to attract a Silicon Valley crowd, you have to drive like a Silicon Valley crowd.

In hopes of drawing a Silicon Valley tenant to an industrial property in Newark, Cohen Asset Management Inc. is dangling an electric-powered Tesla Model S sedan as a prize for the broker who can lock in a tenant for its vacant, 70,000-square-foot research and development property at 7000 Gateway Blvd.

“The Silicon Valley commercial real estate market is extremely strong in the 101 corridor, and as rents have increased, we are seeing companies look to the East Bay for high-quality real estate,” said Chip Sutherland, a broker with CBRE, who is marketing the property along with Sherman Chan, also of CBRE. (more…)

Los Angeles, California (October 18, 2012).

An affiliate of Cohen Asset Management, 836 Cowan Industrial LLC, acquired a prime infill parcel of developable land adjacent to the tarmac at San Francisco International Airport (SFO). Strategically located in the Burlingame submarket of San Francisco with immediate access to California State Highway 101, the property provides easy access to San Francisco, San Jose and the East Bay, making this infill location the premier choice for industry with operations serving SFO.

The property is 100% leased on a long-term basis to Dollar Rent a Car, providing Cohen Asset Management and its investors with substantial cash returns from the inception of ownership, projected to grow significantly via contractual annual rental escalations. Cohen created additional value during escrow by successfully extending the lease on an absolute net basis. The investment was sourced on an off-market basis reflective of the depth of Cohen’s relationships and an acquisition style that Cohen has excelled at in the past. The acquisition of the developable parcel continues Cohen’s track record of sourcing opportunities through its bi-coastal offices while furthering its standing as a national operator with local presence and close broker relationships. This latest acquisition expands Cohen’s Northern California holdings to seven properties. (more…)

Los Angeles, California (October 12, 2012).

Transaction Overview

Advisors LLP represented Cohen Asset Management, Inc. in connection with an acquisition of a portfolio of high quality northern New Jersey industrial and office properties for approximately $163,000,000. The portfolio, comprised of approximately 2.6 million square feet of warehouse and office space, was acquired by a joint venture between our client and a financial partner. The transaction represents one of the largest acquisitions of industrial properties in New Jersey in many years.

About Advisors LLP

Advisors LLP is a boutique transaction-based law and consulting firm which specializes in structuring and negotiating complex corporate and real estate transactions.

Please visit us: www.advisorsllp.com
LinkedIn: Advisors LLP (more…)

Los Angeles, California (August 20, 2012).

Hayward Industrial Capital LLC, an affiliate of Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate firm, announced the sale of 31260 Wiegman Road, an 85,000 square foot industrial building located in Hayward, California. The institutional quality industrial property  was acquired by Cohen Asset Management on behalf of Hayward Industrial Capital LLC in 1998 and has been occupied by the original tenants since the completion of construction.

“Cohen Asset Management continues to maintain a portfolio of several assets in the East Bay/ San Francisco markets and is currently looking for new opportunities to acquire functional industrial buildings in Northern California.”, stated Bradley Cohen, President. (more…)

Los Angeles, California (August 15, 2012)

Private Equity Real Estate Investment Firm, Cohen Asset Management, Inc., and its Affiliate Eastern Industrial Capital LP, Complete Financing in Saint Louis, Missouri

Cohen Asset Management, Inc., and its Affiliate Eastern Industrial Capital LP, obtained a new loan secured by a fully leased Class A institutional industrial property totaling 350,000 square feet and located within the Hazelwood submarket of Saint Louis, Missouri.

“We are pleased to announce that we executed a new fixed-rate loan procured at a competitive interest rate and obtained on terms that meet the investment objectives of  the property’s ownership. The lender is a major U.S. life insurance company that has been a lender in our portfolio of industrial real estate assets for several years.,” stated Bradley Cohen, President. (more…)

LOS ANGELES, CA – HFF announced today that it has arranged a $4 million acquisition loan for an 82,474-square-foot industrial building in Fullerton, California.

HFF worked exclusively on behalf of Cohen Asset Management to secure the 10-year, fixed-rate loan through a life insurance company and will also service the loan. (more…)

Los Angeles, California (July 13, 2012). An affiliate of Cohen Asset Management, Airpark Industrial LLC, acquired a prime industrial building within the Fullerton Airpark Industrial Park, located in the North Orange County submarket of Fullerton, California. Within minutes from the intersection of the I-5 and I-91 Freeways, the property provides easy access to several Southern California areas, making this infill location a premier choice for industry looking to service the Southern California market.

The building is 100% leased on a long-term basis to W S Packaging Group, Inc. and Wisconsin Label Corporation, providing Cohen Asset Management and its investors with substantial cash returns from the inception of ownership, projected to grow significantly via contractual annual rental escalations. Cohen created additional value during escrow by successfully restructuring the lease on an absolute net basis with the tenant. The investment was sourced on an off-market basis reflective of the depth of Cohen’s relationships and an acquisition style that Cohen has excelled at in the past. The acquisition of the property continues Cohen’s track record of sourcing opportunities through its bi-coastal offices while furthering its standing as a national operator with local presence and close broker relationships. With the Fullerton property, Cohen Asset Management and its affiliates has made a total of 49 property acquisitions in Southern California. (more…)

Los Angeles, California (June 12, 2012). Cohen Asset Management, Inc., a Los Angeles based industrial and commercial real estate investment firm, announced the sale of 1530 Moonstone Street located at the Brea Canyon Commerce Center in the Brea submarket of Orange County, California. The institutional quality property was acquired by a private investor based in Southern California, which has plans to occupy the building in support of its own business. The sale concludes a very successful value-added play completed in 22 months by Cohen Asset Management involving the repositioning and subsequent disposition of the six-building portfolio previously owned and occupied by a corporate user. (more…)

Los Angeles, California (June 25, 2012). Cohen Asset Management, Inc. sold four industrial buildings totaling 800,000 square feet located in San Bernardino, California.  Cohen Asset Management acquired a distressed note and then converted the interest to fee; thereafter selling the properties to a Southern California investor within six months. “This opportunity came about through Cohen Asset Management’s ability to source off-market transactions through its longstanding operator model and is part of a series of transactions that Cohen Asset Management has negotiated this year:, stated Bradley Cohen, President and CEO. (more…)

Los Angeles, California (June 25, 2012).  Cohen Asset Management announced the acquisition of two industrial properties located in the Steeplechase 95 International Business Park in the Prince Georges County, Maryland submarket of Washington DC.  The institutional quality properties are located on two separate legal parcels at 1100 and 1101 Hampton Park Boulevard and total approximately 190,000 square feet. Within minutes of the Capital Beltway and with direct access for users serving the District of Columbia, the infill location is the premier choice for many industries operating in the Washington DC Area.

Cohen Asset Management, acted as an advisor on behalf of INVESCO Real Estate which acquired the “Steeplechase” properties on behalf of one of their institutional funds directly from the developer of the two year old assets. The investment provides INVESCO and its investors with 100% leased institutional quality properties occupied by predominantly credit tenants and excellent cash flow from the inception of ownership. This opportunity is reflective of an acquisition style that Cohen Asset Management has excelled at in the past. The transaction continues Cohen Asset Management’s track record of sourcing opportunities through its bi-coastal offices and furthers their standing as a national operator with local presence and close broker relationships. The purchase is one of many transactions that Cohen Asset Management has negotiated over the past twelve months.

(more…)