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Christmas Day in Los Angeles 12/26/11
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Draftsmen & Craftsmen 12/21/11 The West Hollywood City Council has granted the Pacific Design Center’s (PDC) petition to replace the existing single windows of PDC’s Green Building with a ribbon of “vision glass” windows on each floor. The existing punched...
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Marcus & Millichap’s Alvin Mansour Closes 13 Single-Tenant Sales in 3rd Qtr 2011 12/07/11 Marcus & Millichap’s Alvin Mansour has negotiated the sale of 13 single-tenant property transactions in locations across the country during the third quarter. In all, Mansour, based out of M&M’s San Diego office, represented ...
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Draftsmen & Craftsmen 12/06/11 Saunders Construction Inc completed a substantial seismic retrofit of 3000 Olympic Boulevard, a two-story, 208k sf office building that is part of the Lantana Center campus in Santa Monica. Lantana Center is a five-building, ...
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Draftsmen & Craftsmen 10/28/11 Construction has begun on a redesign of Los Angeles City College’s Clausen Hall, a 60k sf facility for the school’s music department at the 78-year-old Los Angeles campus. The $13 mil modernization and systems upgrade project...
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Draftsmen & Craftsmen 10/25/11 One of the largest infill solar panel projects in central Los Angeles was completed at the end of summer 2011 for the Walter J Towers, located at 1930 Wilshire Blvd. The project was managed by LA Building Management and was ...
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Jones Lang LaSalle Introduces New Net lease Exchange Website 10/19/11 Jones Lang LaSalle has launched it new Net lease Exchange website to help facilitate investment property trades of single-tenant, net lease properties. Jones Lang LaSalle has concluded more than $10 bil in single-tenant prope...
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Marcus & Millichap’s San Diego Metro Area Third Quarter 2011 Office Report 10/17/11 Renewed employment growth has yet to translate into meaningful occupancy gains for the San Diego office market this year, as businesses are first backfilling under-utilized space before considering expansion, an occurrence li...
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September CA Home Prices Up, While Units Sold Fall 10/17/11 Heightened economic uncertainty contributed to a decrease in California home sales in September, according to the latest data from the California Association of Realtors® (C.A.R.). Nonetheless, September home sales posted hi...
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Commercial Real Estate Financing Briefs 10/14/11 NEWMARK REALTY CAPITAL -- Terri Slocombe and Braden Turnbull of Newmark Realty Capital arranged permanent financing of $12.23 mil for the Sylmar Cascades industrial building, a 200.6k sf industrial property located in the cit...
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Economic Update 10/05/11 Friends and Colleagues,
The Fed recently unleashed “Operation Twist” with the hope of providing some stimulus to the economy.
Did we need additional stimulus? Was this the right move? Please read on to see what our friends...
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Marcus & Millichap’s Los Angeles County Office Report 3Q2011 9/28/11 Marginal tightening in the Los Angeles office market will persist through 2011, but considerable time is required before metrowide vacancy returns to single-digit territory recorded prior to the recession. Countywide absorpti...
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Marcus & Millichap’s San Jose Metro Area Multifamily Report for 3Q2011 9/27/11 Apartment vacancy in South Bay is poised to reach a decade low by year-end 2011 as renewed job creation and the region’s still-high cost of living fuels renter demand through the coming months. The region’s operational recove...
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Kennedy Wilson to Auction 70 REO Properties in Mid-October 9/23/11 Kennedy Wilson will conduct an auction of 70 bank-owned properties located primarily throughout Oregon and California. Property types include single family homes, condominiums, multifamily, retail, office and land. The auctio...
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Draftsmen & Craftsmen 9/23/11 The new 21k sf Ramona Library in the San Diego-area town of Ramona has been granted LEED Gold certification by the U.S. Green Building Council. The project, built by C.W. Driver, is the second-largest library in San Diego Cou...
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Draftsmen & Craftsmen 9/21/11 The County of San Diego has awarded Balfour Beatty / Barnhart the first phase of a two-phase contract for design-build services to construct the new $221.5 mil San Diego County Women’s Detention Facility in Santee, CA. The j...
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Nick DiCosola and Ron Barbieri Team up with Joe Brady in New Venture 9/20/11 Commercial real estate veterans Nick DiCosola and Ron Barbieri have teamed up with another SoCal industry leader, Joseph Brady, in a newly formed venture with The Bradco Companies, Brady’s successful real estate services firm...
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CO Office Landlord Solves Vacancy Issue by Filling Building with Gas 9/08/11 SourceGas, a natural gas local distribution utility, signed a long-term lease for 52k sf of office space in Golden, CO. The company will be relocating from Lakewood in 2012 when they take possession of their new space at 600 ...
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HUD Announces $56 Mil for Community Development and Affordable Housing in CA for Remainder of 2011 9/06/11 California will receive more than $56 mil from the U.S. Housing and Urban Development to support community development and produce more affordable housing in the state. HUD’s annual funding will also help find homes for indi...
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Johnson Capital Adds Four as Part of National Growth Strategy 9/01/11 Johnson Capital has added four financing professionals to its nationwide team as part of the firm’s ongoing growth strategy. These new Johnson executives include: Edward Wilson, who has joined as Vice President in the Washing...
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