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March 28, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Alliance Picks Up Glendale Res Development Site
12/02/10
In a sign that the multi-unit residential market may be picking up, at least in the eastern part of the San Fernando Valley, Alliance Residential Company has acquired the ICIS Glendale property, a fully entitled and building ...
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• Westwood Tower Gathers 25k sf of Moss
12/02/10
Here’s the latest Westside leasing news, as Moss Adams LLP, one of the nation’s largest full-service accounting firms, has inked a long-term deal for 25.3k sf of office space in Westwood. The company, which is consolidating a...
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• Price Transfer Gets the Goods in 177k sf South Bay Sublease
12/01/10
Custom Goods Inc, a logistics and transportation company, has subleased 177.5k sf of industrial space in Carson, to fulfill the firm’s expansion needs in the area. The 64-month transaction has a value of approximately $5 mil....
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•  In the Latest News from the Associated Press
11/30/10
The Associated Press (AP) will continue to operate its largest West Coast bureau at Figueroa Courtyard in downtown Los Angeles for some time, as the news agency just agreed to a 10-year renewal of its 15.4k sf space at the of...
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• Shoe Manufacturer Steps into 38k sf City of Industry Facility
11/29/10
DBDK LLC, owners of the SoCal-based shoe brand Elegant Footwear, purchased a 37.7k sf office/industrial warehouse property located at 18130 E. Rowland St, east of Azusa Ave and about midway between I-60 and Valley Blvd in the...
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• Pair of East Valley Multifamily Properties Ring Up to Over $11 Mil
11/24/10
In recent multifamily sales comps from the San Fernando Valley, Albert Shilton of Charles Dunn Company negotiated the sale of two apartment complexes, in Studio City and North Hollywood, in related deals totaling $11.4 mil. T...
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• Non-Profit Acquires Two Hollywood Properties
11/23/10
Step Up on Second, a nonprofit organization providing psychosocial rehabilitation and support to people affected by severe and persistent mental illness, acquired two Hollywood properties for a combined price tag of $3.85 mil...
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• Local Attorney Pays $400/sf for Westside Office Property
11/23/10
A local attorney/investor purchased a 5.6k sf West LA office building for $2.3 mil, or roughly $410/sf. The property is located at 2300 Westwood Blvd, east of the 405 Fwy and about midway between Olympic and Pico Blvds. The...
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• David Weinstein Named as New President and CEO at MPG Office Trust
11/23/10
MPG Office Trust Inc has named David L. Weinstein as the company’s new President and Chief Executive Officer, effective immediately. The announcement comes just 10 days after making it known that the firm’s previous President...
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• Cast & Crew to Take Over New Burbank Office Space
11/19/10
In a recent lease signing from LA’s Tri-Cities area, Cast & Crew Entertainment Services signed a new deal for 51.1k sf of HQ space at Empire Center in Burbank. The 10-year lease is valued in excess of $15 mil, or around $2.45...
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• Fly on the Wall Hears of Good 12k sf NoHo Owner/User Opportunity
11/19/10
Here’s the scoop on two recent deals from the eastern part of the San Fernando Valley, in North Hollywood and Studio City. Both transactions were brokered, at least in part, by Roger Beck and Gelena Skya of Grubb & Ellis. I...
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• Exchange Investor Sells Westwood Property and Acquires Costa Mesa Building
11/18/10
Here’s a look at a recent 1031 exchange involving two SoCal multifamily properties. The transaction consisted of the sale of an 18-unit apartment building at 1420 Kelton Ave in Los Angeles, and then the proceeds were used to ...
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• Baldwin Hills Crenshaw Plaza to Get Wild Wings
11/17/10
As part of the ongoing transformation of Baldwin Hills Crenshaw Plaza, Capri Urban Investors LLC (“Capri”) has signed two recent restaurant leases at the shopping center in south Los Angeles. Acclaimed restaurateur Brad Johns...
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•  Glendale gets Leasing Zoom with LegalZoom
11/17/10
In an important lease for Glendale, a submarket that has experienced a very high vacancy rate over the past several years, LegalZoom, America’s leading online legal document and filing service, signed a 10-year lease for 48.7...
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• Santee Claus Arrives Early for Essex Property Trust
11/16/10
In the second of two notable, neighboring multifamily/mixed-use asset sales in downtown Los Angeles, Palo Alto-based Essex Property Trust acquired Santee Court, a 165-unit adaptive reuse property, for $31.1 mil in an all-cash...
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• Rising Resigns from MPG Trust; Watson to Take Over
11/15/10
Nelson Rising has resigned from his role as President and Chief Executive Officer at MPG Office Trust, in a major management change at the NYSE-traded office REIT formerly known as Maguire Properties Group. Paul Watson, the ...
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• Sycamore Urban Properties Completes WeHo Condo Project
11/15/10
In just 10 months, a previously moth-balled condo project in the heart of West Hollywood has been completed and has opened its doors to new home buyers. The project was completed by Sycamore Urban Properties, who acquired the...
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• New Theater Operator at Baldwin Hills Crenshaw Plaza is All the Rave
11/12/10
Rave Motion Pictures has been named the new theater operator for the upgraded theaters at Baldwin Hills Crenshaw Plaza. The LA-area retail center is owned by Capri Urban Investors LLC. The theaters are currently being tran...
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• Brooktree Realty Investors Spends $26 Mil on San Fernando Valley Multifamily Property
11/12/10
Brooktree Realty Investors closed on a very newsworthy multifamily investment buy in the San Fernando Valley, paying $26.05 mil for the Magnolia Nest condominium complex, a 97-unit ($269/unit) rental property. The property is...
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• Price Transfer Finds the Price is Right to Transfer into 219k sf of Carson Space
11/11/10
In the latest industrial activity from LA’s South Bay region, Price Transfer Inc agreed to a five-year, $6.8 mil deal for a 219.1k sf ($0.52/sf/mo) facility in the city of Carson. The transaction increases the third party lo...
Price: $3.99
Executive Subscriber Price: Free
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