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October 18, 2019
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LOS ANGELES COUNTY NEWS
Archive
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• Phil Angelides Joins Canyon Capital Realty Advisors
2/07/08
Former California State Treasurer Phil Angelides is joining Canyon Capital Realty Advisors (CCRA) as a Principal of the firm and as Chairman of the newly-created Canyon-Johnson Urban Communities Fund. The new fund, a partner...
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• 141-Unit Reseda Community Offered for $17.5 Mil
2/06/08
A 141-unit multi-family complex in the central San Fernando Valley community of Reseda has been offered for sale with an asking price of $17.5 mil, or just over $124k/unit. The 92.1k sf property, called Villa La Paloma, is lo...
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• Pair of Downtown LA Office Buildings Trade in $18.5 Mil Deal
2/05/08
A private investor nabbed a two-building, 98k sf office portfolio in downtown Los Angeles in a recent deal valued at $18.5 mil ($189/sf). The acquisition consists of a 37.9k sf building at 1111 West 6th St and a 60k sf buildi...
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• New Medical Office Building to Break Ground in the San Fernando Valley
2/04/08
A new 31k sf state-of-the-art medical office building is slated to break ground in the Valley Village area of the San Fernando Valley in spring of 2008. The project, located at 12828 Riverside Dr, near Coldwater Canyon, is sc...
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• Motion Picture Assoc Lease Sequel a Hit in the Valley
2/01/08
By Allen Wolfsheimer Here’s news of an entertainment industry lease in the San Fernando Valley that falls a bit west of the traditional entertainment biz communities of North Hollywood, Burbank and Universal City at the east...
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• North San Fernando Valley Multifamily Asset Fetches $175k/Unit
1/31/08
An 85-unit apartment complex in the northern San Fernando Valley sold for $14.85 mil, or approximately $174.7k/unit. Called Woodley Apartments, the property contains 116.7k sf of space on a 2.68-acre lot located at 10139 Wood...
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• Real Estate Law Firm Expands in Century City
1/30/08
Century City continues to be a strong draw for major law firms looking to expand or relocate into high-end Class A space on the Westside. In a recent transaction, the firm of Gibbs, Giden, Locher, Turner & Senet LLP agreed to...
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• Wiseman Comes Up with Smart Plan for West LA Site
1/28/08
A new mixed-use development is slated for a well-located West Los Angeles infill location, as a venture of Wiseman Development and Maxxam Enterprises has obtained entitlements for a retail and residential complex at the north...
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• Cornerstone Closes $48 Mil San Gabriel Office Buy
1/28/08
Twin office buildings in the eastern San Gabriel Valley were acquired by Cornerstone Real Estate Advisors in a $48.5 mil deal. The three-story buildings make up Gateway Corporate Center, totaling 162.3k sf ($299/sf). They’re ...
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• Legacy Partners Acquires Westside Office Property
1/25/08
With demand for Westside office space having pushed asking rates much higher in the past couple of years, investment and development interest in the region has also picked up. One company that’s becoming more of an active off...
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• West LA Office Building Sells for $33 Mil
1/24/08
A 92.5k sf, Class A office property just sold in a $33 mil transaction that values the building at $357/sf. Situated on 0.675 acres of land at 10780 Santa Monica Blvd, just east of Westwood Blvd at the southeast corner of San...
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• Freight Forwarder Says Aloha to Compton Facility
1/24/08
An 83.5k sf industrial facility in Compton was purchased by a freight forwarding company in a recent $10.75 mil ($129/sf) transaction. The property, located at 1800 South Anderson St, north of the 91 Fwy and east of Central A...
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• Harvey Green to be Honored at Jewish Federation Dinner
1/23/08
Marcus & Millichap President and CEO Harvey E. Green will be honored at The Jewish Federation’s Real Estate & Construction (REC) Division annual tribute dinner on Thursday, April 17, 2008 at the Century Plaza Hotel in Century...
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• BOMA Shows Some Heart
1/22/08
The BOMA/GLA Community Outreach Committee is collaborating with the American Heart Association’s “Wear Red for Women Day”, on Friday February 1, 2008. On this day each year, the American Heart Association asks companies, civ...
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• Recent Office Leases Pointe to Continued Demand in LA’s South Bay
1/22/08
Two recent lease transactions have taken 25k sf of office space off the market in LA’s South Bay region, as Temcor and Del-Jen Inc have inked deals worth a combined $4.5 mil at Pacific Pointe, a 257.5k sf Class A high-rise at...
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• CBRE Recruits Top SoCal Tenant Rep Team
1/22/08
One of SoCal’s top tenant rep brokerage teams – John Sabourin, Will Adams and Paul Stockwell -- has jumped ship, moving over from Studley to CB Richard Ellis. Each veteran in the trio will be a Senior Vice President at CBRE, ...
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• Investor Gets Square Deal in $13.8 Mil Norwalk Buy
1/21/08
A 105.4k sf business park in the city of Norwalk traded hands in a recent sale valued at $13.75 mil, or about $130/sf. The property, Carmenita Square Business Park, is located on Carmenita Rd and offers retail, office and ind...
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• La Jolla Group Acquires West Hollywood Retail Parcel
1/16/08
A desirable retail corner parcel in West Hollywood was acquired by La Jolla-based Monarch Group, which intends to redevelop the 60k sf site. Current zoning on the parcel would allow for a mix of commercial and residential use...
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• Rexford Completes Conversion of San Gabriel Valley Industrial Center
1/15/08
With demand for modern industrial space in LA’s Mid-Cities area far outstripping supply, a recently redeveloped project in the City of Industry has already generated substantial interest. The project is Rexford Industry Cente...
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• Top NAI Capital Brokers are GET IN a New Investment Network
1/14/08
In an effort to provide clients with more specialized investment services, the company has formed the NAI Capital Investment Network, or GET IN. Top brokers from the company’s 16 SoCal offices will be working together in a co...
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