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July 4, 2009
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LOS ANGELES COUNTY HEADLINES
Labor Law firm Takes 16k sf of Glendale Office Space
6/30/09
Ballard, Rosenberg, Golper & Savitt LLP relocates from Universal City

Douglas Gardner Resigns Exec VP Role at Maguire Properties
6/29/09
Will continue to advise firm and act as independent consultant

Audio Production Firm Inks Relocation Deal for Marina del Rey Building
6/26/09
740 Sound Design signs 10-year lease for 9k sf of creative space

Sperry Van Ness/Guardian to Hold Auction for Dozens of Distressed Properties
6/26/09
MarketMaker Western Regional Commercial Property Auction to be held July 30 at Hyatt Regency Century Plaza

South Bay Retail Center Sells for $45 Mil
6/25/09
DSB Properties acquires Old Ranch Towne Center in Seal Beach

East LA Retail Center Fetches $160/sf
6/22/09
Private investor pays $3 mil for Fetterly Plaza


West LA Mixed-Use Property Sells for $7.4 Mil
6/23/09
38k sf former medical building to be redeveloped into boutique hotel

Industrial Users Look for Deals in Santa Fe Springs
6/22/09
Trucking company leases 47k sf property while investor picks up 7.2k sf building

Sales at The Mercury Should Rise after Purchase of 149 Units by Kennedy Wilson Venture
6/19/09
Partnership acquires remaining product at Mid-Wilshire tower from Forest City-led investment group

Miller and Siegel Join Studley’s Retail Services Group
6/18/09
Duo will work out of firm’s downtown LA office

FDIC Relinquishes Majority of WaMu’s 250k sf Lease at Quintana Campus in Irvine
6/18/09
Maguire and Macquarie expected to default on OC office property payment

Lowe Opens Terranea Resort on Former Marineland Site
6/17/09
$480 mil project one of largest LA County developments so far in 2009

Forming Specialties Acquires 40k sf Compton Facility
6/16/09
Sheet metal company has been a tenant in the building for 20 years

University of California Regents Acquires 123k sf Medical Plaza in $43 Mil Deal
6/12/09
Office building sold by Held Properties

West Hollywood Apartment Property Sells for $2.08 Mil
6/11/09
Koreatown property fetches $4.55 mil

HFF Arranges $6.4 Mil on Long Beach Apartment Community
6/10/09
78-unit Ester Ridge Apartments offers a mix of different home types

Investor Gets Square Deal on Triangle Drive in City of Commerce
6/09/09
6099 Triangle Dr
6099 Triangle Dr
University of Phoenix inks 30k sf renewal/expansion lease in Diamond Bar

LA Apartment Market Still Relatively Healthy
6/08/09
Rents expected to see 2.6% drop by end of year


AMCAL Completes Panorama City Affordable Housing Development
6/04/09
55-unit Villas Las Americas is company’s first project in the San Fernando Valley

Maguire Properties Adds Gillfillan and Sullivan to Its Board
6/03/09
Move temporarily boosts Board to nine members

Long Beach Retail Property Sells for $3.5 Mil
6/02/09
25k sf street-front building constructed in 1930

Higgins Goes for the Gold in Burbank
6/02/09
New 363k sf spec office building under final review for LEEDR Gold certification

Howdy Partner!
6/01/09
New advisory firm launched to assist building owners regarding energy efficiency and compliance

West LA Office Sale Rings Up at $44 Mil
5/28/09
PRP Real Estate Advisors/Cambra Realty venture acquires two buildings in Carthay Circle

Patio Furniture Maker Takes 21k sf in City of Industry
5/26/09
Manufacturer signs first deal at new 72k sf industrial property

Three West LA Multifamily Sales Ring Up to Over $7 Mil
5/22/09
Investors pick up apartment properties in Hollywood and Santa Monica

Marina del Rey Creative Office Building is Ground Zero for Ad Agency
5/21/09
Firm inks five-year renewal deal

Prime Old Town Pasadena Multifamily Property Hits the Market
5/20/09
84-unit asset listed at $20.1 mil

Artesia Retail Property Sells for $3.8 Mil
5/19/09
Investor picks up 31k sf Gridley Plaza


Wells Fargo Provides $59 Mil Refi for BH Properties’ Portfolio
5/15/09
Assets consist of retail, warehouse and office properties in Oregon, Florida, Georgia, Utah, Virginia, Texas, Kansas and California.

Towers to Remain in Century City Tower after $10 Mil Renewal
5/14/09
Services firm signs for another five years at Watt Plaza

Valley Village Development Site Offered for $13 Mil
5/13/09
150k sf property in eastern San Fernando Valley entitled for 264 res units

Townhouse Restaurant & Wine Bar Comes to the Sherman Oaks Galleria
5/12/09
Chicago-based chain takes former Macaroni Grill Space

A Rose is a Rose Unless It’s a Venice Apartment Building
5/11/09
Historic 24-unit beach property sells for $3.8 mil

Sherman Oaks Multifamily Complex Sells for $210/unit
5/08/09
Investor picks up Kester Place Apartments for $5.45 mil

Rexford’s Latest Whittier Tenant is a Perfect Fit
5/08/09
LA firm inks 48 new and renewal leases in 1Q 2009

LA Buyer Finds Retail Investing to Be Fresh & Easy
5/07/09
Loma Linda single-tenant property sells for $2.9 mil

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