-“Twilight” star Taylor Lautner bought an industrial distribution condominium in a nearly 83,000-square-foot building at 24811 Avenue Rockefeller from Krausz Cos. Inc. in San Francisco for $12.2 million, or $147 a square foot. The actor, who bought the property under his LLC Group Up Properties Reckefeller, hopes to build equity in commercial real estate.
-Factory Effex Inc. bought a 20,000-square-foot manufacturing building for $2.4 million, or $122 a square foot, from Renee Cohen. The building, known as Valencia Gateway, is located at 24849 Anza Drive, and will be fully occupied by Factory Effex, which produces motorcycle and motocross accessories and graphics.
-Santa Clarita’s Centre Pointe Parkway Properties Inc. sold Centre Pointe Business Park for $6.8 million, or about $142 a square foot, to 780 West Garvey LLC in Los Angeles. The two-building property, comprising 47,855 square feet, at 26450-26470 Ruether Ave. in Santa Clarita is fully leased to business service firms, manufacturers and a furniture importer.
-Sylmar’s Triscenic Production Services, which provides entertainment-industry transportation and storage, bought a 44,500-square-foot warehouse in the Valencia Industrial Center for $4.6 million, or $103 a square foot. The building at 25158 Avenue Stanford was formerly the headquarters of Andrews Electronics, whose owner Harry E. Acker sold the property.
-New Century Ford bought the former Volkswagen dealership at 24055 Magic Mountain Parkway from Parkway Volkswagen for $5 million, or $285 a square foot. The off-market transaction closed in June. The 17,556-square-foot property is expected to become an Infiniti dealership.
Following a few quarters of solid growth, the Santa Clarita Valley office market took a step backward in the last three months.
Vacancy rose 1...