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August 19, 2022
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LOS ANGELES COUNTY NEWS
Archive
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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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• Annual High-Rise Inspection Fee to Rise
5/28/08
Here’s news about increasing inspection fees certain to be of interest to commercial building owners and managers in Los Angeles. This article was written by BOMA of Los Angeles and originally published in their Front Line ne...
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• Van Nuys Land Parcel is Great for Perfect Nutrition
5/22/08
A 1.4-acre industrial land site in Van Nuys was purchased Perfect Nutrition, a distributor of nutritional supplements, for the development of a 30k sf warehouse/distribution facility. The land, which sold for $3 mil ($49/sf),...
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• Culver City to Offer Room & Board to Visitors
5/21/08
Room & Board, a Minneapolis-based furniture retailer, has inked a lease for 40k sf of retail space in a yet-to-be-built project in downtown Culver City. The lease represents the initial Los Angeles area location for the compa...
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• A New Mr. Mojo Rising at Maguire Properties
5/20/08
Even though the writing has been on the wall for some time now, we never really thought we’d report that Rob Maguire has been replaced as President and CEO of Maguire Properties, the big SoCal-based office REIT that he founde...
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• Long Beach Building Becomes Newest Constellation
5/19/08
A vacant 29k sf building in Long Beach was acquired by locally based Constellation Community Middle School to be redeveloped as a charter school. The property, located near Pacific Coast Hwy at 1955-1965 Long Beach Blvd, sold...
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• Kennedy Wilson Takes Chadwick Name to New Heights
5/16/08
As part of an extensive $14 mil renovation program for its City Heights apartment property in LA’s Koreatown area, Kennedy Wilson Multifamily Group (KWMF) has changed the property name to The Chadwick. KWMF acquired the asset...
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• RENTV Audience Responds to Los Angeles Property Rights Rulings
5/15/08
We’d like to thank the viewers who sent back comments in response to our opening comments in the May 8th “The Real Estate Insider” email newsletter about two Los Angeles City Council rulings on a couple of important property ...
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• Upscale Miracle Mile Res Project Ready to Open
5/15/08
A new, upscale residential development is slated to open in LA’s Miracle Mile area. Called Viridian, the project is located at 5659 West 8th St, at the corner with Hauser, and contains a total of 60 units that average almost ...
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• Barak and Weller Hope to Get Lion’s Share of SoCal Value-Add Multifamily Opportunities
5/14/08
Two Los Angeles real estate veterans, Mory Barak, formerly of Buchanan Street Partners, and Jeff Weller, formerly with CB Richard Ellis, have formed Lion Real Estate Group LLC, a privately held real estate investment firm foc...
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• BOMA LA to Present It’s Own Version of Iron Man
5/14/08
Metal theft is becoming a much greater concern of late for property owners, with the rapid rise in the price of metals leading to a startling increase in incidents of theft at many buildings. Everything from valves and metal ...
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• GE Finances Legacy’s Pasadena Office Buy
5/14/08
Legacy Partners recently acquired a 104.5k sf Class A office building at 70 South Lake Ave in Pasadena in a transaction that was funded with a $36.45 mil first mortgage provided by GE Real Estate. The three-year, first mortga...
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• El Segundo Seller Gets For Stars in Latest Deal
5/13/08
Two recent South Bay transactions – one a lease and the other a sale – totaled up to $8.55 mil in value. The larger of the two deals was a lease, as Schenker Inc, a leading provider of integrated logistics services, agreed to...
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• New Multifamily Development Livens Up Westwood Village
5/09/08
A new upscale multifamily development is bringing new life to Westwood Village and is expected to spark additional interest in this desirable mixed-use area in West LA, situated adjacent to the UCLA campus. The project, Palaz...
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