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March 29, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Investor Spends $1.7 Mil on Three LA-Area Apartment Properties
3/02/11
Three bank-owned multifamily properties in the Baldwin Village section of Los Angeles sold for $1.725 mil, or $74/sf. The properties are located at 4122, 4130 and 4136 Palmwood Dr, south of Rodeo Rd and east of La Brea Ave. ...
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• Logistics Company Spends Over $5 Mil on South Bay Industrial Building
3/02/11
The principals of F.C.C. Logistics have paid over $5.28 mil for a 71.4k sf ($74/sf) industrial building in Rancho Dominguez for relocation and area expansion. The property is located on nearly four acres at 18747 Laurel Park ...
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• Holland & Knight Agrees to $10 Mil Relocation Lease in Downtown LA
3/01/11
The law firm of Holland & Knight inked a lease for 41.7k sf of office space at Mellon Bank Center, located at 400 S. Hope St in downtown Los Angeles. Holland & Knight, a Top 100 Am Law (American Lawyer) international law firm...
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• Joseph Vargas Elected as 2011 President of A.I.R
3/01/11
Joseph M. Vargas, SIOR, Executive Managing Director – Regional Manager with Cushman & Wakefield overseeing the firm’s Southland offices, has been elected 2011 President of the AIR Commercial Real Estate Association (AIR) with...
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• Premier Business Centers Inks Deal for New Downtown LA Location
2/28/11
Premier Business Centers has inked a deal for a new 10.3k sf center in downtown Los Angeles. The new location is within AT&T Center, located at 1150 South Olive St, north of Pico Blvd and east of Grand Ave. Premier’s new exec...
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• Partners Federal Credit Union Leases 10k sf of Burbank HQ Space
2/25/11
Partners Federal Credit Union inked a three-year lease for 9.5k sf of HQ space at Cusumano Plaza in Burbank. The deal included renewal options. The 65k sf office building is located at 100 N. First St, just off of Olive Ave ...
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• LA’s MTA to Buy Historic Union Station for $75 Mil
2/25/11
By Allen Wolfsheimer In a significant Los Angeles commercial real estate purchase, L.A. County’s MTA (Metropolitan Transportation Authority) has agreed to acquire the historic Union Station property in downtown. The transact...
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• JLL Lands Leasing Assignment for 62-Story Aon Center in Los Angeles
2/24/11
Jones Lang LaSalle has been awarded the leasing assignment for Aon Center, a 62-story, 1.1 msf, Class A office building located at 707 Wilshire Blvd in Downtown Los Angeles. The skyscraper is LA’s second tallest building and ...
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• LA-Based Karlin Acquires 80k sf Colorado Office Building
2/24/11
In a receiver facilitated note sale, Karlin Real Estate has acquired an 80k sf commercial office building at 600 12th St in Golden CO from Cordes & Company. The price was not disclosed. 600 12th Street is a Class A office an...
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• Susan Barilich Named as 2011 President of CREW-LA Board of Directors
2/24/11
The Los Angeles chapter of Commercial Real Estate Women (CREW-LA) has announced its 2011 Board of Directors. The national organization provides a professional forum for enhancing business development, industry expertise, net...
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• Wilshire Capital Investments Acquires $100 Mil of Office Debt
2/22/11
We just learned of a large office debt purchase deal, although we don’t have a lot of information on the transaction at the moment. A real estate investment partnership led by Wilshire Capital Investments has acquired $100 mi...
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• Mesa West Provides $6 Mil in Acq Money on Burbank Office Building
2/22/11
Mesa West Capital has provided $6 mil in acquisition financing for the purchase of 4444 Lakeside Dr, a three-story, 37k sf office building in Burbank. The building, located south of the 134 Fwy on the west side of Barham Blvd...
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• Calabasas Investor Closes $16 Mil Norwalk Apt Buy
2/22/11
Calabasas-based Cirrus Asset Management has purchased Capistrano Garden Apartment Homes for $16 mil. The 120-unit ($133/sf) apartment community is located on a 125k sf lot at 13811 Shoemaker Dr, east of I-5 and north of Rose...
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• New Senior Workforce Res Development Set to Open in Rancho Palos Verdes
2/18/11
Mirandela, a new 34-unit senior workforce development in Rancho Palos Verdes, is set to officially open in early March of this year. It is a development of Calabasas-based AMCAL Multi-Housing Inc. As Rancho Palos Verdes’ fir...
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• Latest Tenant at Yahoo! Center is an Escape Artist
2/18/11
London, England-based Escape Studios has established its first US office after signing a deal for 8k sf of office space at Yahoo! Center, located at 2400 Broadway in Santa Monica. The five-year lease has a total value of $1.4...
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• Norwalk Industrial Property Goes for Over $6 Mil
2/17/11
Imperial Business Center, an 81.7k sf industrial property in the SoCal city of Norwalk, sold for $6.13 mil ($75/sf). The property is located at 13503-13535 Pumice St, near the 5 Fwy and Rosecrans Ave. Cameron Driscoll and L...
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• Rexford’s Latest Investment Fund Targets Stabilized and Value-Add SoCal Ind Properties
2/17/11
SoCal-based Rexford Industrial has launched its fifth investment vehicle, Rexford Industrial Fund V REIT (“RIF V”). Structured as a private REIT, RIF V began operating during the fourth quarter of 2010 with four acquisitions ...
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• Caruso Signs Pair of LOFT-y Deals in Marina del Rey and Calabasas
2/17/11
LOFT, a division of Ann Taylor Stores Corporation, inked two recent leases for 10.6k sf of total space in Marina Del Ray and Calabasas. In one deal, the company signed a 10-year lease for 5.4k sf of space at Waterside in Mari...
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• Waxler Carner Brodsky Inks Renewal for El Segundo Office Space
2/16/11
Waxler Carner Brodsky, a civil litigation law firm, recently renewed its 7.5k sf office space in El Segundo in a 66-month deal worth $1.08 mil ($2.18/sf/mo). The firm is located at 1960 E. Grand Ave, at the corner with Contin...
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• Tarzana Medical Building Trades in $14 Mil Transaction
2/16/11
Wilbur Medical Plaza, a 53.1k sf multi-tenant specialty medical building in Tarzana traded hands at a price of $14.13 mil, or $266/sf. The property was purchased by Encino-based Ethan Christopher LLC in a joint venture with a...
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