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August 12, 2020
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LOS ANGELES COUNTY NEWS
Archive
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• LA Center Studios Heads into Summer with Big Swimwear Deal
6/23/08
Los Angeles Center Studios (LACS) is swimming in activity these days, particularly after their most recent deal with Warnaco Swimwear Group, a leading apparel company, which just signed a seven-year lease for two full floors ...
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• Maersk Locks Up 500k sf of SoCal Logistics Space
6/20/08
In a move that sends a strong signal about the continued desirability of warehouse/logistics space in Southern California, Maersk Distribution Services Inc, a subsidiary of Denmark-based Maersk Inc, has just renewed leases fo...
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• Recent Deals Bring Torrance Pointe to 93% Occupied
6/19/08
Recent leases with AT&T for 37.5k sf and Network Global Logistics for 14.3k sf have brought Torrance Pointe, a 143k sf office campus in Torrance, to 93% occupied. The property, located at 21041, 21061 and 21081 Western Ave, w...
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• Uncertainty at the Ports to Lead to More SoCal Distribution Facilities
6/18/08
One of the main points stressed at a recent SoCal broker event was that ongoing port uncertainties and rising fuel costs are expected to lead to the development of additional distribution facilities in strategic locations thr...
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• Major Changes Underway at Maguire
6/18/08
Barely one month after taking over the helm of SoCal office landlord Maguire Properties, President and CEO Nelson Rising has announced a number of key initiatives designed to ultimately maximize value for the company’s shareh...
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• Taiwanese Distributor Leases 92k sf Santa Fe Springs Facility
6/17/08
Ta Chen International, a Taiwan-based manufacturer and distributor of stainless specialty metal products for service centers and wholesale supply houses, has signed a seven-year, $6 mil lease for a 92.3k sf ($0.77/sf/mo) indu...
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• Industrial Buyers Go Fox Hunting in Lancaster
6/16/08
A pair of Lancaster industrial buildings totaling 21.1k sf fetched a combined $2 mil in separate transactions. The two buildings are part of Fox Field Business Park, a 14-building industrial business park inside the 8,000-acr...
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• Adler Signs Three More Tenants at Agoura Hills Design Center
6/13/08
Three new tenants -- Westpoint Furniture Design Center, The Mattress Store, and The Power of Home -- inked lease agreements for space at Agoura Design Center, a 120k sf retail furniture complex in Agoura Hills that was recent...
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• IDS Completes Pasadena Office Renovation
6/12/08
In an effort to address the demand for additional upscale office space along Pasadena’s South Lake Ave business corridor, IDS Real Estate Group recent wrapped up a $2.8 mil renovation and restoration of 80 South Lake Ave, an ...
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• Trio of Sales at Pacific Gateway Business Center Bring in $39 Mil
6/11/08
LA-based Overton Moore Properties (OMP) recently collected $38.8 mil through the sale of three additional buildings at its Pacific Gateway Business Center in Seal Beach. The buildings, which have a combined 240.1k sf of space...
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• Long Beach Office Building Fetches $9.6 Mil
6/09/08
City Centre Office, a 67k sf mixed-use building at 200 Pine Ave in the heart of downtown Long Beach, was acquired by Realm Group II LLC for $9.6 mil ($143/sf). The property, built in 1964, consists of 13.2k sf of retail space...
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• Draftsmen & Craftsmen
6/06/08
Here’s news of an interesting West LA office project that was completed by Snyder Langston within a 12-month time-frame for Fox Studios to accommodate one of its tenants, Digital Media. The 34k sf building is located on the F...
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• Thomas Properties Teams Up with UBS in Office Acquisition Partnership
6/05/08
LA-based Thomas Properties Group Inc has entered into an agreement with UBS Wealth Management - North American Property Fund Limited (“UBS”) in which UBS will allocate $250 mil to a joint venture program with Thomas Propertie...
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• Wiseburn School District Acquires El Segundo Industrial Building
6/05/08
The Wiseburn School District, one of LA County’s few remaining small school districts, has acquired a 28.2k sf industrial building in the El Segundo Industrial Park, which it intends to convert into its new headquarters. The ...
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• New RENTV Executive Report: South Bay Hot Transactions
6/03/08
If you're not yet a subscriber, why not join now? The cost is just $149/year for access to all of our special reports and news archives. Give us a call at 310/414-0404 and we'll get you set up.
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• Rexford Closes $6 Mil Glendale Industrial Buy
6/03/08
A 57.9k sf industrial building in Glendale was purchased by SoCal-based Rexford Industrial LLC in a recent $6.15 mil ($106/sf) transaction. The property, situated on 1.35 acres at 700 Allen Ave, on the north side of I-5 betwe...
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• Hotel Industry Sees Sale of the Century
6/02/08
The Century Plaza Hotel, a landmark hotel property on LA’s Westside, traded hands in a major transaction that valued the asset at just over $500k/room. The property was purchased by a venture of Next Century Associates, led b...
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• Designer/Retailer Closes Fashionable $900/sf Buy at Edge of West Hollywood
6/02/08
Tadashi Shoji, designer, owner and president of the Los Angeles-based fashion house Tadashi, purchased a 4k sf retail property located at 812 N. La Cienega Blvd, midway between Santa Monica Blvd and Melrose Ave, to house his ...
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• Glendale Shopping Center Fetches $422/sf
5/30/08
A 46.2k sf grocery-anchored shopping center in Glendale was recently acquired by a Burbank investment entity for $19.5 mil, or about $422/sf. The property, Glendale Square, is situated on 2.28 acres at 1010 N. Glendale Ave, w...
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• The Chapman Redeveloped into Upscale Rental Project
5/30/08
The adaptive reuse project encompassed a broad range of interior, exterior and environmental considerations, added Wade Killefer, Principal at Killefer Flammang. “Of special interest to residents are the roof-top amenities, w...
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