Big Commerce Industrial Sites Put Up for Sale.One of the largest industrial parcels to hit the L.A. market in 20 years - a 47-acre site just north of The Citadel retail outlet retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in Commerce - has been put up for sale by the Pacific Tube Co. The property currently contains 15 structures, out of which Pacific Tubes had operated for 60 years prior to closing earlier this year. Dave Hess Hess , Walter Rudolf 1881-1973. Swiss physiologist. He shared a 1949 Nobel Prize for his research on the brain's control of the body. , a director with Cushman & Wakefield of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Inc. who is marketing the property, said all but a few of the buildings are functionally obsolete OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed, 2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. , and all would likely be demolished de·mol·ish tr.v. de·mol·ished, de·mol·ish·ing, de·mol·ish·es 1. To tear down completely; raze. 2. To do away with completely; put an end to. 3. to clear the way for redevelopment. Hess declined to specify the price he expects to get from the closed-bid sale, but sources familiar with the Mid-Cities market said the land could be worth $10 to $15 per foot. That would translate to a sale price of as much as $30 million. The property is unlikely to go to a single buyer, however, Hess said. It is being is marketed as three parcels - of 12, 16 and 19 acres. Justin McCarthy For the American historian, see . Justin McCarthy (22 November 1830 – 1912) was an Irish politician, historian and novelist. He was born in Cork, and was educated at a school there. He began his career as a journalist, aged 18, in Cork. , Commerce's director of community development, said the property would complement the city's plans to expand The Citadel and, ultimately, develop the 40 acres between The Citadel and Commerce Club Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. . With its long tradition of industrial development, and a significant amount of existing and proposed retail projects, Commerce has no intention of restricting the amount of industrial development activity, as is the case in some other Mid-Cities communities, McCarthy said. "I think our approach would be a little different," McCarthy said. "I would not favor heavy distribution, but we do like a smaller, higher (value) industrial product that would attract small to mid-sized businesses that might like to own their own building." Those types of businesses tend to form a stable economic base, McCarthy said. The city has no intention of bidding on the property itself, but has discussed partnering with private parties that do plan to bid. |
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