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• Canoga Park Apartment Property Fetches $107k/Unit
7/15/10
Here’s the scoop on two recent San Fernando Valley apartment comps. We'll start in Canoga Park, where a 14-unit apartment building sold for $1.5 mil ($107k/unit). The two-story building is located at 7230 Independence Ave, ju...
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• Cerritos Industrial Building Sells for $4.4 Mil
7/14/10
D & D Management LLC acquired a 48.4k sf industrial building in Cerritos for $4.35 mil ($90/sf). The structure is located on a 100k sf site at 17719 Valley View, south of Artesia Blvd and north of the 91 Fwy.
Built in 1980, ...
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• New Upscale Santa Monica Res Project Lands $6.4 Mil in Construction Financing
7/13/10
Thousand Oaks-based Griess & Associates has arranged $6.35 mil in construction financing for a nine-unit luxury condo project at 125 Pacific St in Santa Monica. The project is located just one block from the beach and within ...
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• JLL’s Siteman Named President of SoCal Chapter of 7x24 Exchange International
7/13/10
The Southern California Chapter of 7x24 Exchange International, a leading knowledge exchange for those who design, build, use and maintain mission-critical enterprise information infrastructures, has named Michael Siteman of ...
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• WorldLink Renews Its Miracle Mile HQ Space
7/08/10
In the latest office activity in LA’s Miracle Mile submarket, WorldLink Ventures Inc signed a six-year, $2.25 mil renewal deal for 12k sf ($2.60/sf/mo) of space at 6100 Wilshire Blvd, at the corner with Fairfax Ave. The 16-st...
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• 164-Unit San Dimas Multifamily Community Listed for Sale
7/07/10
FountainGlen at Sunnyside Apartments, a 164-unit garden-style apartment community in San Dimas has been listed for sale. Located at 251 South Walnut Ave, east of the 57 Fwy and north of Arrow Hwy, the asset has an asking pric...
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• Mar Ventures Receives LEED Certification for El Segundo Property
7/07/10
The Los Angeles Military Entrance Processing Station in El Segundo has received LEED (Leadership in Energy & Environmental Design) Gold Certification from the US Green Building Council, making it the first building in the Cit...
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• Exciting Mixed-Use Project at Hollywood and Vine is Completed
7/06/10
Development has been completed on 1600 Vine, a $264 mil mixed-use project located at the iconic corner of Hollywood and Vine in the heart of Hollywood. The 12-story Transit-Oriented Development (TOD) was developed by Foster ...
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• 40-Story Downtown LA Skyscraper Listed for Sale
7/01/10
By Allen Wolfsheimer
In a sign that office high-rise investor activity in the greater Los Angeles area may be picking up, here’s an update about a major Class A tower on the market. The property is the 626k sf Union Bank Pla...
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• LA Office Building Trades Hands for $4.3 Mil
7/01/10
Salomon Investment Partners LLC purchased a 13.6k sf office building at 4500 Wilshire Blvd, at the corner with Rossmore Ave in LA’s Park Mile submarket, for $4.3 mil ($316/sf). The architecturally distinct, three-story, Clas...
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• Kennedy Wilson Closes 180-Unit San Fernando Valley Condo Buy
7/01/10
Kennedy Wilson just closed on a large LA-area multifamily acquisition, having purchased NoHo 14, a 180-unit condo project located in North Hollywood. Guardian Life Insurance Company and RECP/Urban Partners participated as par...
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• SingerLewak Inks $10 Mil Westside Office Renewal
6/29/10
SoCal-based accounting/consulting firm Singer Lewak Greenbaum Goldstein (SingerLewak) agreed to a 10-year renewal for 25.3k sf of Westwood office space in a transaction valued at $9.8 mil ($3.23/sf/mo). Located at 10960 Wilsh...
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• Malcolm and Harrington Join Hendricks & Partners
6/25/10
Christopher J. Malcolm, Associate Partner, and David J. Harrington, Senior Investment Advisor, have joined the North Los Angeles office of Hendricks & Partners. Malcom and Harrington will both be involved in providing dispos...
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• Accounting Firm Locks Up Full floor at Westwood Tower
6/24/10
Wasserman, Grossman & Sloan has inked a sublease deal for the entire 12.5k sf 8th floor at 10990 Wilshire Blvd in LA’s upscale Westwood area. The five-year transaction commences on July 15, 2010 and has a total value of $2 mi...
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• Sherman Oaks Multifamily Property Trades for Over $23 Mil
6/24/10
In a sizable LA-area multifamily acquisition, a private investor purchased Magnolia Apartments, a 98-unit asset in the San Fernando Valley. The complex was constructed in 2009 and is located at 15357 Magnolia Blvd, near the i...
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• Pancreatic Cancer Network Inks Relocation/Expansion Deal at Continental Park
6/23/10
Pancreatic Cancer Action Network inked a new 10-year lease for a 24k sf, full floor at Continental Park in El Segundo. The space is at 1500 Rosecrans Ave, within Continental Development’s 3 msf office/entertainment mixed-use...
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• California Landmark Underway with New West LA Res Development
6/22/10
Westwood-based California Landmark has begun development of a 21-unit, Mediterranean-inspired project on the site of a former utility company parking lot in West Los Angeles. The development is located within a mature reside...
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• Barker Pacific and Wells Fargo Recapitalize Historic Pasadena Office Building
6/21/10
Barker Pacific Group (BPG) and Wells Fargo have recapitalized 225 East Colorado Boulevard in downtown Pasadena. BPG first acquired the seven-story, 55k sf foot historic building in August of 2004. It is located on the corne...
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• Nan Richardson Appointed to Biz Development Role at LA Office of Perkins+Will
6/18/10
Nan Richardson has been appointed to a Business Development post at the Los Angeles office of Perkins+Will, the highly regarded architecture/design firm. Nan, a key player in facilitating the office’s growth in the corporate...
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• Todd Snyder Joins Johnson Capital
6/17/10
Johnson Capital, the national commercial mortgage banking firm, has added a new producer in its Los Angeles office – Todd Snyder, who joins the firm with over 18 years experience as a business consultant with the internationa...
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