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• Central LA Retail Center to Undergo $30 Mil Upgrade
5/20/10
Capri Urban Investors is moving forward with a $30 mil upgrade for Baldwin Hills Crenshaw Plaza, an 860k sf regional mall located at 3650 Martin Luther King Blvd, at the corner of Martin Luther King Jr blvd and Crenshaw Blvd ...
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• New RENTV Executive Report: West Los Angeles Hot Transactions
5/19/10
Here’s a great way to keep up with all of the transaction activity throughout West Los Angeles over the past year. RENTV’s latest executive report -- a compilation of closed sale and lease comps from the region over the past ...
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• Produce Distributor Leases 32k sf of Vernon Space
5/19/10
In an industrial lease out of LA’s Mid-Cities region, Promate Produce USA inked a 39-month deal for 32.2k sf of space at 4280 south Maywood Ave, south of Bandini Blvd and west of the 710 Fwy in Vernon. The tenant intends to i...
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• Investor Closes $7 Mil Hollywood Multifamily Property
5/17/10
A 26-unit multifamily property in Hollywood was acquired by a private investor in a $7.25 mil transaction that worked out to roughly $290k/unit. The property, located at 920 Wilcox, was sold by Lion Real Estate Group (LREG), ...
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• Wham-O Takes 148k sf of Santa Fe Springs Industrial Space
5/17/10
Wham-O, manufacturer of the greatest products in the world (like the Frisbee and the Hula Hoop), is in the news after inking a new 62-month lease for 148.3k sf of industrial space within Golden Springs Center in Santa Fe Spri...
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• Investor Picks Up 51 Units at Broken SF Valley Condo Project
5/17/10
A private investor paid $4.7 mil for 51 ($92k/unit) vacant units at a distressed condo development in the Valley Village area of the San Fernando Valley in an all-cash transaction. The property, constructed in 1953 and 1954, ...
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• IREM/IFMA to Present Joint Industry Program on Social Technologies
5/14/10
The Institute of Real Estate Management and the International Facility Management Association will join forces to present a program, Using Social Technologies, on Wednesday, May 19th at the AON Center, 707 Wilshire Blvd., Los...
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• Robinson Helicopter Breaks Ground on 133k sf Expansion in Torrance
5/14/10
Robinson Helicopter Company just broke ground on a 133k sf expansion to their existing 215k sf manufacturing facility in the city of Torrance. The construction is being handled by Oltmans Construction Co, which built the ori...
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• Stunning Architectural Studio/Home in Venice Listed for Sale
5/14/10
The property has parking for three vehicles: a one-car garage; a parking space behind; and a separate carport. Potential additional parking is available on a separate lot. Additional features include luxury-appointed bathroom...
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• Pearson Food Company Purchases Final Building at Pomona Biz Park
5/13/10
Pearson Food Company Inc has purchased the final available building at Empire Gateway Business Center in Pomona. The 132.7k sf state-of-the-art facility is located on just under six acres at 2303 Mt. Vernon Ave, south of Vall...
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• Phoenix Investor Spends $23 Mil on Rancho PV Multifamily Asset
5/12/10
The Madison, a 90-unit, 118.9k sf luxury apartment building in Rancho Palos Verdes, was acquired by Alliance Residential, a Phoenix-based investment group, for $22.9 mil. Situated in the hills above the Pacific Ocean, the pro...
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• Draftsmen & Craftsmen
5/11/10
In a rather uncommon construction project, Morley Builders recently completed the construction of 11 diverse environments for the California Science Center’s new Ecosystems exhibition wing, which opened recently. Located at 7...
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• Construction of Santa Monica Medical Building for UCLA Set to Start
5/11/10
In West L.A. development news, Sixteenth Street Medical Center LP has closed on a $28.7 mil construction loan from US Bank and will now begin work on a new, three-story 50k sf medical building in Santa Monica. The project is ...
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• Buchanan Street Partners and Zelman Development Close on $40 Mil Hawthorne Buy
5/10/10
earny acquired the site in 2005 from Vought, a subsidiary of The Carlyle Group, and leased back the Western portion to the Dallas-based company. In repositioning the property as Century Business Center, Kearny successfully m...
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• AT&T Dials In another Five Years at Century City Office Tower
5/10/10
In the latest Century City office activity, AT&T signed a five-year, $2.5 mil renewal for 11.5k sf ($3.62/sf/mo) of space on the eleventh floor at 1880 Century Park East. The award-winning office tower is owned and managed by...
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• LA’s Carson/Compton/Dominguez Submarket Sees 380k sf of Activity in 1Q 2010
5/07/10
There was nearly 380k sf of industrial space either leased or sold during the first quarter of 2010 in the Carson/Compton/Dominguez submarket (excluding Watson Industrial Center), according to the latest data from The Klabin ...
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• Logistics Provider Leases 120k sf of Carson Industrial Space
5/06/10
C.H. Robinson Worldwide (C.H. Robinson) signed a five-year lease for 119.1k sf of industrial space within Dominguez Technology Center. The property is located at 18620 Harmon Ave, south of Victoria St and west of Wilmington ...
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• Buchanan Street Partners Funds $16 Mil Recapitalization of Culver City Office Property
5/06/10
Buchanan Street Partners funded a $16 mil floating rate first mortgage for the recapitalization of Pacifica Plaza, a 111.6k sf, Class B+, multi-tenant office building in Culver City. Located at 6101 W. Centinela Ave, the thre...
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• Cerritos Retail Center Sells for $10 Mil
5/04/10
Del Amo Plaza, a 58.1k sf neighborhood retail center in Cerritos, sold for $9.84 mil ($169/sf). Originally constructed in 1963, the center was recently renovated.
Del Amo Plaza is located on 4.69 acres at 11853 ...
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• Hackman Capital Boosts West Coast Portfolio with 32k sf Buy
4/30/10
LA-based Hackman Capital has expanded its West Coast portfolio with the recent acquisition of three commercial buildings in Culver City. The buildings, totaling 32.4k sf, were sold and leased back by Westood One, the country'...
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