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• New LA Affordable Housing Project Set to Open
2/20/09
Villas del Lago, a new 74-unit affordable apartment development in the Westlake/MacArthur Park district of Los Angeles is set to open later this month. The project, located at 456-478 S. Lake St, is a development of AMCAL Mul...
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• Apartment Building Near UCLA Sells for $409k/Unit
2/18/09
An eight-unit multifamily property near UCLA recently traded hands in a deal worth over $409k per unit. The property, Brockton Apartments, is located at 1251 Brockton Ave, east of Bundy Dr and a few doors south of Wilshire Bl...
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• Milk Wins Oscar for Best Creative Space Lease of 2009
2/18/09
By Allen Wolfsheimer
Milk Group, a prestigious New York-based photography studio, agreed to a 30-year lease for 46.5k sf of creative space in Hollywood, at 855 N. Cahuenga Blvd, west of Vine St and north of Melrose Ave. The ...
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• Astani Hopes First Concerto is a Sell-Out
2/17/09
Construction on the first phase of Concerto, Astani Enterprise’s three-building, $224 mil mixed-use condo project in downtown LA, is underway. This phase will contain 348 units, split between a 30-story tower and a smaller se...
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• Castaic’s First Medical/Professional Center Completed
2/16/09
Castaic Lake Plaza, a new two-building complex in Castaic, was just completed. Located at 31905 & 31929 Castaic Rd, just north of Lake Hughes Rd, the project consists of a 15k sf Class A medical/professional office building a...
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• Earnhart Named 2009 Pres at AIR
2/13/09
Douglas C. Earnhart, Senior Vice President in the Ontario, CA office of Lee & Associates and a 25-year commercial real estate veteran, has been elected 2009 president of the AIR Commercial Real Estate Association. Earnhart s...
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• NAI Powers Up New PowerSale Program
2/12/09
SoCal’s NAI Capital brokerage firm has decided to participate in the Commercial Property PowerSale™, an accelerated marketing program created by NAI Global to help property owners and financial institutions dispose of trouble...
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• Unique Santa Monica Res Project Filling Up Fast
2/12/09
An unusual new residential project in Santa Monica has provided students, retirees and other individuals with a limited income an opportunity to rent a new living space in this pricey Westside community. The project, a develo...
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• Valley Apartment Property Sells for $5.2 Mil
2/11/09
A 53-unit apartment complex in Valley Glen, an area in the eastern part of the San Fernando Valley that was previously considered to be Van Nuys, sold for $5.2 mil, or about $98.1k/unit. The property is located at 6125 Fulton...
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• SoCal Aviation Lands Renewal Deal in Victorville
2/10/09
In a bit of positive economic news for the Victor Valley industrial market, Southern California Aviation, an aircraft engine parts and supply maintenance company, signed a lease renewal for the 55k sf facility that it has bee...
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• Advocacy Efforts by BOMA/GLA to Save Owners Thousands of Dollars
2/06/09
This article, pulled directly from BOMA of Greater Los Angeles’ Front Line newsletter, explains how recent negotiations between Bill Roberts of Economic Sciences Corp, on behalf of building owners, and the California Public U...
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• PCCP Adds Another Page to Its Note Book
2/05/09
In an unusual note acquisition, PCCP LLC purchased the A note on a loan previously held by Column Financial and secured by two Bay Area hotels owned by The Carlyle Group. PCCP acquired the B note of the same loan from Column ...
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• Logistics Provider Boosts LA Presence with 90k sf Expansion Lease
2/04/09
NJ-based Bergen Shippers, a national logistics provider to the apparel industry, continues to increase its SoCal presence after signing a five-year expansion lease for 90k sf of industrial space in the City of Commerce. With ...
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• Newmark Realty Capital Arranges $88 Mil on Century City High-Rise
2/04/09
As evidence that there is money to be found for financing of major office properties, at least when the transaction comes in at the right loan-to-value, here’s news of just such a deal. In the upscale LA Westside area of Cent...
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• Investor Picks Up 59k sf San Fernando Valley Retail Center
2/03/09
A 59k sf retail center in the north San Fernando Valley was purchased by a private investor. The property, Paseo Sepulveda, is located at the southeast corner of Sepulveda Blvd and Nordhoff Ave and includes a number of nation...
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• City of LA has the Housing Authority to Close $3.5 Mil Van Nuys Office Buy
2/02/09
A 22.2k sf office building in Van Nuys was purchased by the Housing Authority of the City of Los Angeles to house its San Fernando Valley headquarters. The transaction was valued at $3.5 mil, or $158/sf. The agency is already...
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• MGM Tower Achieves Level 1 Design Work
1/29/09
Architectural design and space-planning firm Environetics has wrapped up work on a new office HQ space for Level 1 Entertainment, an LA-based film production company that recently leased high-end space at MGM Tower in Century...
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• DeVry University Inks Deal for Newcastle
1/28/09
In one of the few positive signs for LA’s South Bay office market of late, DeVry University, one of the largest degree-granting educational systems in North America, agreed to an 11-year lease for a new 47.5k sf build-to-suit...
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• Maguire Investing in Maguire
1/28/09
Is legendary LA office developer Rob Maguire contemplating taking another shot at controlling his namesake company, Maguire Properties? Maguire, who was removed as President last May by the company’s Board of Directors and re...
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• Vought Agrees to 1.4 msf Lease Extension at Century Business Center in Hawthorne
1/27/09
Aircraft manufacturing company Vought Aircraft Industries Inc has agreed to a five-year extension on its 1.39 msf of industrial space at Kearny's Century Business Center (CBC) in Hawthorne. The campus is owned by Kearny North...
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