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New Farmers Market Sprouts at Granada Village 11/11/10 Sprouts Farmers Market has inked a 10-year lease for a new 25k sf store at Granada Village, a 224.8k sf shopping center in Granada Hills. The center, located at the northwest corner of Chatsworth St and Zelzah Ave, is owned b...
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Bank of Taiwan Renews Its Downtown LA Space for Primary West Coast Office 11/10/10 In recent leasing activity from downtown Los Angeles, the Bank of Taiwan inked a long-term renewal for 9.5k sf at the Figueroa at Wilshire building, located at 601 S. Figueroa St. The deal enabled the tenant to reduce its squ...
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Kennedy Wilson and RECP/Urban Partners Venture Acquires Remaining Assets at LA’s Santee Village 11/08/10 Beverly Hills-based Kennedy Wilson and real estate development firm RECP/Urban Partners have purchased the remaining 167 condominium units and 18.7k sf of retail space in Santee Village, located in downtown Los Angeles.
“Sa...
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Brookfield Properties Hits Bullseye with Downtown LA Target 11/05/10 By Allen Wolfsheimer
Macy’s is out and Target is in at Brookfield Office Properties’ 7th & Fig retail center in LA’s rapidly redeveloping downtown. The popular discount retailer has agreed to a 20-year lease for over 100k sf...
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Recent Retail Comps from the Valley 11/04/10 We’ve got three recent retail lease transactions from the San Fernando Valley to report, all of which were brokered, at least in part, by Encino-based Capital Realty Solutions. The deals were signed by operators of an animal ...
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URDANG/Edgewood Realty Partners Venture Purchases Pasadena Landmark Property 11/04/10 URDANG, the real estate investment manager and part of BNY Mellon Asset Management, and its joint venture partner Edgewood Realty Partners LLC, have closed on a notable Pasadena buy. The venture picked up The Chamber of Comme...
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Jones Lang LaSalle Awarded Project Management for SoCal Gas HQ in LA 11/04/10 Jones Lang LaSalle has been awarded project management and LEED Certification services for Southern California Gas Company’s 350k sf HQ space at 555 W. Fifth Street in Los Angeles. The space will be restacked and reconfigure...
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New 100k sf Carson Lease is a Slam Dunk for Coby 11/02/10 In the latest deal news from LA’s South Bay region, Coby Electronics agreed to a three-year, $2 mil lease for a 103.2k sf ($0.54/sf/mo) warehouse/distribution facility within Watson Industrial Center in the city of Carson. Th...
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Lynne Miller Takes Over as President at IREM-LA 11/02/10 Lynne Miller, Certified Property Manager®, has been named President of the Institute of Real Estate Management, Los Angeles Chapter (IREM-LA). The chapter has in excess of 700 members in the Greater Los Angeles area and 18,0...
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PRO MOVES: Colliers Expands Full-Service Platform in Greater LA With Addition of Six 11/02/10 Colliers International added six associates across multiple product lines in Greater Los Angeles region. The company stated that this expansion is in support of the organization’s global vision of delivering an integrated app...
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Douglas Emmett Closes on $111 Mil Buy of Wilshire Bundy Plaza 10/29/10 In the exclusive and still pricey area of Brentwood, Douglas Emmett, already the largest office landlord in this market, this past Friday finally closed on its much anticipated purchase of the 14-story, 311k sf Wilshire Bundy...
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Net Lease Specialist Stan Johnson Co Opens LA Office As Layne Joins 10/28/10 Stan Johnson Company, one of the nation's leading real estate brokerage and advisory firms specializing in net-lease investment sales, announced that it has opened a new regional office in Los Angeles located at 10100 Santa M...
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Regionwide Rundown of Multifamily Deals 10/28/10 For those in need of more news of closed multifamily sales, here’s information on five closed transactions from a few weeks ago, which we haven’t reported about yet, covering properties from Burlingame to Glendale AZ.
Starti...
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PCCP Lincoln Property Venture Acquires Calabasas Office Property 10/27/10 A joint venture between PCCP LLC and Dallas-based Lincoln Property Company has acquired a newly constructed, 51.7k sf two-story Class A suburban office building in Calabasas. The property, which includes two levels of parking...
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LA Area Apartment Comps 10/27/10 We’ve got a trio of recent LA-area multifamily sales to share, starting with a sizable deal in the southern San Fernando Valley community of Sherman Oaks, where a 74-unit property fetched $9.4 mil ($127k/unit). The property i...
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NAIOP SoCal USC vs. UCLA Real Estate Challenge 10/25/10 On the evening of November 18 graduate student teams from Ziman Center at UCLA’s Anderson School of Business will compete against the Lusk Center at USC’s Marshall School of Business and School of Policy, Planning & Developme...
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Vernon Industrial Facility Purchased by Produce Distributor for Over $100/sf 10/25/10 A 29.9k sf industrial building in the city of Vernon sold for $3.3 mil ($110/sf). Located at 3015 Leonis Ave, south of Washington Blvd and east of Alameda St, the building was purchased by GYC Investment LLC.
Built in 1952, ...
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Pacific Place is the Place for $19.5 Mil 10/22/10 In the South Bay town of San Pedro, the owners of the Pacific Place office building, located right on the water, got a $19.5 mil refinancing loan for three years, interest only, with a loan-to-value of 60 percent and a 5 perc...
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752 Unit Multifam Gets $112 Mil In Refinancing Through George Smith Partners 10/21/10 Commercial real estate investment banking firm George Smith Partners recently arranged a $112 mil refinancing of the Colony Townhomes, a 752 unit multifamily complex in Santa Clarita, CA. Gary M. Tenzer, principal and managin...
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Spruce Goose Site to Take Flight Again 10/21/10 This past week word came that the three sale transactions for the pieces of the Campus at Playa Vista property to Tishman Speyer, The Ratkovich Group and Lincoln Property Company closed. The nine parcel site contains 56.3 acr...
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