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Kennedy Wilson Completes $125 Mil Refi on LA-Area Office Portfolio 11/08/11 Kennedy Wilson has obtained almost $125 mil to refinance an office portfolio the company originally acquired in 2007. The new financing was arranged by HFF and consists of a $104.9 mil senior loan funded through GE Capital Re...
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Los Angeles Realty Partners Awarded Leasing Assignment for PDC’s New RedBuilding 11/08/11 LA Realty Partners Principals Peter Best, Gary Weiss, and Director Grant Newman will lead the leasing team for the RedBuilding. Additionally, LA Realty Partners will handle leasing for the 30k sf available on the fourth and s...
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Big 630k sf El Segundo Office Lease is a DIRECT Deal 11/03/11 DIRECTV has agreed to a 189-month expansion/renewal deal for 630k sf of office space at Kilroy Airport Center in El Segundo, immediately adjacent to LAX, in a deal that could expand to as much as 720k sf over the term of the ...
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Hollywood-Area Dev Site Sell for Over $7 Mil 11/02/11 A 1.17-acre residential development site in Los Angeles traded for $7.2 mil. The un-entitled, R-3 zoned property located at 7926-40 W. Hollywood Blvd, at the base of the Hollywood Hills, is a rare quality parcel available for...
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SoCal Multifamily Comps 11/01/11 A 16-unit apartment property located in Whittier sold for $2.13 mil, or $133k/unit. Located at 7630 Milton Ave, the property offers a unit mix of 13 two-bedroom/one-bathroom units and three three-bedroom/two-bathroom units.
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Santa Monica Office Building Lands Two New Tenants 11/01/11 In recent office leasing activity from Santa Monica, Imaging Advantage and Bolthouse Farms have each signed leases at 1351 4th Street, bringing the total occupancy of the 34k sf building to 93 percent. The property is owned b...
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Pair of SoCal Apartment Sales Ring Up to $26 Mil 10/31/11 Kitty Wallace, Executive Vice President in Colliers International’s West Los Angeles office, closed two SoCal apartment sales with a combined price of just under $26 mil. The transactions took place in Upland and Brentwood.
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Asian Furniture Importer Buys City of Industry Facility 10/28/11 Asia Direct, a furniture importer that distributes home and office furniture, purchased a 96.9k sf industrial warehouse property in the City of Industry for $8.24 mil ($85/sf). The property, located at 760 - 780 Baldwin Park...
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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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Mercury GSE to Relocate into 40k sf Hawthorne Facility 10/26/11 Mercury GSE, a supplier of aircraft ground support equipment, has acquired a two-building, 40k sf industrial facility near LAX in Hawthorne for $3.2 mil ($80/sf). The company plans to relocate its headquarters to the site, lo...
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Shlomi Ronen Forms Boutique Real Estate Investment Banking Firm 10/26/11 Commercial real estate finance veteran Shlomi Ronen has formed Dekel Capital, a boutique real estate investment banking firm with offices in Santa Monica and Tel Aviv. The company's primary focus is on raising capital, both e...
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Pasadena Historical Apartment Building Sells for Over $3 Mil 10/26/11 The Towers, a 31-unit historical apartment building in Pasadena, was purchased for $3.255 mil ($105k/unit). The property is located at 306 South El Molino Ave, on the northeast corner of El Molino Ave and Del Mar Blvd, just ...
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Alliance Commercial Purchases Culver City Office Park 10/26/11 Alliance Commercial has purchased Fox Hills Business Park in Culver City for $14.6 mil. The office project was constructed in 1979 and consists of three single-story buildings and one two-story building totaling 75.3k sf ($19...
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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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Dev Site for City Center II in Glendale Listed for Sale 10/25/11 Ron Harris and Paul Darrow of Institutional Property Advisors (IPA) were given the exclusive listing for City Center II, a 1.38-acre development site located at the corner of Wilson Ave and Brand Blvd in downtown Glendale. IP...
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The Swig Company Wraps Up Pasadena Office Buy 10/25/11 The Swig Company, out of San Francisco, has completed the purchase of 595 East Colorado Blvd, an eight-story, 85.9k sf office building located in the Playhouse District of downtown Pasadena. The seller was Equity One, a retai...
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George Smith Partners Arranges New Financing on a Downtown LA Single Resident Occupant Property 10/24/11 George Smith Partners (GSP) arranged $4.2 mil in refi money on a downtown Los Angeles 196-unit Single Resident Occupant (SRO) apartment property. Originally built as a hotel in 1910, this historic property also features groun...
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Anthony Kuhns Named 2012 President of IREM LA 10/24/11 Anthony Kuhns, Director of Property Management with Medical Asset Management, was named 2012 President of the Los Angeles Chapter of the Institute of Real Estate Management. Kuhns, who currently manages a portfolio of medical...
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JLL Builds Out Building so BYD Can Build Your Dreams 10/21/11 Jones Lang LaSalle’s Project and Development Service Group has completed a complete building retrofit and interior build-out for BYD North America’s new 30k sf North American headquarters, located at 1800 South Figueroa St, j...
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Karlin Real Estate Closes Four Commercial Acquisitions 10/20/11 Karlin Real Estate recently acquired four different commercial properties in four separate transactions. The Los Angeles-based company picked up a commercial office campus in Sacramento, CA; a grocery-anchored retail center i...
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