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• Century West Partners Acquires Downtown LA Parking Lots for New Mixed-Use Project
9/14/12
In a downtown LA development deal brief from two or three months ago, Century West Partners purchased two parking lot properties totaling 41k sf directly in front of the convention center. The lots are located at 1500-1534 Fi...
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• Wells Fargo Bank Renews Its 291k sf Space in Downtown LA’s Bunker Hill
9/14/12
In the latest news from MPG Office Trust, the LA-based office REIT has renewed Wells Fargo Bank for its 291k sf of space at Wells Fargo Tower in the Bunker Hill area of downtown Los Angeles.
Wells Fargo agreed to a 10-year l...
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• Tropical Creations Inks HQ at Sherman Oaks Office Tower
9/13/12
Tropical Creations Inc, a leading horticultural services company, has leased 1.3k sf of space in Sherman Oaks for relocation of its HQ space within the San Fernando Valley. The firm’s new 37-month deal is at Valley Executive ...
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• Santa Monica Office Property Trades Hands for $3.5 Mil
9/13/12
A three-building, 7.9k sf office property in Santa Monica recently sold for $3.46 mil, which averages to about $438/sf. The property is on an 11.2k sf lot at 1660 Stanford St, west of Bundy Dr and north of Olympic Blvd.
The ...
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• Avison Young Boosts its LA Presence with Starr Power
9/13/12
In a move aimed at continuing its strong growth in the Greater Los Angeles basin, Canadian-based real estate services firm Avison Young has acquired Starrpoint Commercial Partners Inc, a full-service commercial real estate br...
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• Gentleman Scholar Gets Creative in Culver City
9/12/12
Gentleman Scholar has signed a long-term lease worth $2.5 mil for 7.3k sf of space at Blackwelder, a creative office and media campus in Culver City. The firm, a multimedia production studio, will relocate from Santa Monica t...
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• Long Beach Self-Storage Property Sells
9/10/12
Long Beach Security Storage, a 513-unit self-storage facility located in Long Beach, sold for $1.75 mil ($3.4k/unit). The property is located at 1430 East Anaheim St, between Alamitos and Cherry Aves. The property was constru...
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• Hudson Pacific Properties Completes West LA Office Acquisition
9/07/12
Hudson Pacific Properties Inc has wrapped up its acquisition of the Olympic-Bundy Media Campus located at the corner of Bundy Dr and Olympic Blvd in West Los Angeles. The company paid $89 mil for the 233.6k sf ($381/sf) asset...
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• CorAmerica Capital Venture Purchases 250k sf Retail Center in the San Fernando Valley
9/06/12
A CorAmerica Capital-led joint venture has acquired Nordhoff Plaza, a 254k sf community retail center in Northridge, a Los Angeles submarket in the western San Fernando Valley. The total project capitalization is approximate...
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• State Bank of India Inks Renewal Lease at Aon Center in Downtown LA
9/06/12
State Bank of India (California) agreed to a 10-year renewal lease worth $6.5 mil for 19.1k sf of office space in downtown Los Angeles that will serve as the bank’s US headquarters. The space comprises the entire 29th floor a...
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• Investment Group Lands on Park Place; Pays $10 Mil
9/05/12
Park Place Apartments, a 61-unit apartment complex in the western San Fernando Valley community of Canoga Park, was purchased by a private investment group for $10.2 mil, or about $167k/unit.
The 45.7k sf property is loc...
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• Foreign Consulate Pays Over $600/sf for Beverly Hills Office Building
9/05/12
A 5.5k sf office building in Beverly Hills was purchased by a foreign consulate owner/user for $3.5 mil ($636/sf). The property, situated on a 4.4k sf lot at 120 S. Doheny Dr, on the southwest corner at the intersection with ...
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• LA Industrial Property Sells for $4.6 Mil
9/04/12
A 51.2k sf industrial property in Los Angeles sold for $4.6 mil. The property is located at 1875 East 22nd St, south of Washington Blvd and east of Alameda St.
The 1960-built industrial building has six truck-high loading p...
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• Time Warner Cable Inks Expansion/Renewal Deal in Cerritos
9/04/12
Time Warner Cable signed off on a five-year expansion/renewal lease for a total of more than 52.5k sf of space at Cerritos Town Center, located at 17777 Center Court Dr in Cerritos. Time Warner is bumping up its current admin...
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• Family Investment Entity Spends $214k/Unit on Encino Multifamily Asset
9/04/12
A 45-unit multifamily asset in the upscale San Fernando Valley community of Encino recently sold for $9.65 mil, or $214k/unit. The property, Margate Imperial Apartments, is located at 17849 Margate St, south of the 101 Fwy an...
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• Cresta Properties Invests $6.8 Mil in the Hollywood Multifamily Market
8/30/12
Cresta Properties recently purchased three Hollywood-area apartment buildings totaling 60 units in separate transactions with an aggregate value of $6.8 mil.
In the largest of the three transactions, Cresta paid $3.1 mil to...
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• Vegas Seafood Buffet Bets on Hollywood Retail Space
8/29/12
Vegas Seafood Buffet will make Hollywood home to the restaurant’s second location, after inking a $2.7 mil lease for a 12.2k sf retail space at Galaxy Center along the iconic Hollywood Walk of Fame. The popular restaurant, kn...
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• Sylmar Multifamily Property Sells for $3.5 Mil
8/28/12
Astoria Oaks Apartments, a 29-unit apartment property located in the northern San Fernando Valley community of Sylmar, sold for $3.5 mil, or $120.7k/unit. The property is located at 13983 Astoria St, on the southwest side of ...
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• Desirable Ground Floor Retail Space in LA’s South Park Hits the Market
8/28/12
In news of a high-profile retail listing in downtown Los Angeles to hit the market, Carlos J. Lopez, President of HI Urban Retail Advisors, is shopping the 60k sf ground-floor retail portion of the Market Lofts development. S...
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• Positive Investments Purchases 95k sf of SoCal Medical Office Buildings
8/27/12
Positive Investments closed on the purchase of a two-property, three-building, medical office building portfolio in Bellflower and La Palma. The properties are Bellwood General Hospital Medical Center, a 36.8k sf off-campus m...
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