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• Nordstrom Adds another Strong Anchor Presence at Santa Monica Place
9/01/10
n addition, Tory Burch just opened at Santa Monica Place and Tiffany & Co. is set to open in early September. Building on the property's success in 2010, the next highly anticipated opening at Santa Monica Place will be The ...
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• West LA High-Rise Becomes an Ivory Tower
9/01/10
Ivory Investment Management LP is the latest company to lock up a new deal for West LA office space, as the investment firm just signed a 66-month, $2.3 mil lease for 11.4k sf ($3.06/sf/mo) of space at Wilshire Landmark I. Th...
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• Prominent West LA Retail Center Hits the Market
8/31/10
By Allen Wolfsheimer
One of West Los Angeles’ more high-profile retail centers – The Promenade at Howard Hughes Center – just came on the market. The 248.8k sf entertainment/retail complex is adjacent to the 2.4 msf Howard H...
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• Decron Properties Provides $17 Mil Bridge Loan for Canfield Development
8/31/10
LA-based Decron Properties has provided Canfield Development Inc with a $17 mil bridge loan for the recapitalization of their existing construction loan on the Museo Lofts, a multifamily condominium community. Featuring 52 ar...
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• Footwear Distributor Steps Into 140k sf Commerce Facility
8/31/10
NJ-based footwear distributor Carrini Inc has leased a 139.9k sf corporate image facility in the City of Commerce in deal worth just under $4 mil. The building is located at 5500 E. Slauson Ave, roughly midway between the 71...
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• gallery421 Officially Open for Viewing
8/30/10
Long Beach's newest luxury apartment community, gallery421, officially opened to the public last Friday, August 26, 2010. Developed by Lyon Communities, gallery421 is a stylish 291-home community offering five-star amenities ...
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• $9 Mil Note on West LA Office Building Offered for Sale
8/27/10
Lucent Capital Inc is selling a a non-performing $9 mil first mortgage note secured by a 45k sf office building in West Los Angeles, on behalf of a Los Angeles-based Financial Institution. Lucent is soliciting non-continent o...
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• Kennedy Wilson to Auction Units in Seattle’s First Green Condo/Hotel Property
8/27/10
Kennedy Wilson Auction Group, a division of Beverly Hills-based Kennedy Wilson, will conduct an auction for 34 units at Olive 8, a 22-story tower located above the Hyatt hotel in downtown Seattle. The auction will take place ...
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• Line 6 Lines Up 57k sf Calabasas HQ Space in New $8 Mil Lease
8/27/10
Line 6 Inc, a manufacturer of guitars and guitar equipment, inked a renewal/expansion lease in Calabasas in a transaction that enables the company to occupy the entire 57.2k sf building at 26850 Agoura Rd, west of Las Virgene...
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• Investors Pick Up LA-Area Apartment Properties
8/26/10
A 32-unit apartment property at 415 Union Dr, just west of downtown Los Angeles, sold for $1.65 mil, or $52k/unit. The property, a few blocks west of the 110 Fwy between 3rd and 6th Streets, contains a total of 22.2k sf of re...
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• Hudson Pacific Closes on $15 Mil Beverly Hills Office Buy
8/26/10
By Allen Wolfsheimer
A 58.5k sf Beverly Hills office building has traded hands for the second time in a year’s time. In the latest sale, Hudson Pacific Properties Inc paid $15 mil ($256/sf) for the leasehold interest in the ...
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• Robert Half Takes Full 11k sf of Office Space in Westwood
8/25/10
Staffing firm Robert Half International (RHI) recently inked a new lease in West LA, agreeing to a ten-year, $4.1 mil deal for 11k sf ($3.10/sf/mo) of space at 10960 Wilshire Blvd, a block west of Westwood Blvd.
Founded in ...
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• Cedars Sinai Leases West Hollywood Building
8/24/10
Cedars-Sinai Medical Center signed a 10-year lease for a 26.3k sf freestanding building in West Hollywood. The big medical center will use the facility, at 825 N. San Vicente Blvd, west of La Cienega Blvd and just north of Sa...
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• CA DMV Signs Deal with Xebec for New El Monte Office Building
8/24/10
The California Department of Motor Vehicles inked a 20-year lease with Xebec Realty Partners (“Xebec”) for a planned office building in El Monte. The building will be designed to achieve LEED Silver status from the U.S. Gree...
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• Bank of America Plaza Achieves LEED EB:OM Certification
8/19/10
Bank of America Plaza office tower, the landmark, 55-story skyscraper at 333 S. Hope in downtown LA’s Bunker Hill area, has achieved the prestigious LEED EB:OM (Existing Buildings: Operations & Maintenance) Gold certification...
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• Fairfax Financial Closes $32.5 Mil Purchase of Kennedy Wilson Stock
8/19/10
Kennedy Wilson, the Beverly Hills-based international real estate firm, has sold and issued 32,550 shares of its convertible Series B preferred stock in an equity private placement to Toronto-based Fairfax Financial Holdings ...
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• George Smith Partners Arranges $32 Mil in Construction Funding on Hollywood Apt Development
8/17/10
George Smith Partners has arranged $32 mil in construction financing to complete a 180-unit multifamily project in Hollywood that the previous owner had been unable to complete. The five-, six- and seven-story development is ...
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• Hudson Pacific Properties Spends $27 Mil on South Bay Office Property
8/16/10
Hudson Pacific Properties Inc closed on a large SoCal office buy, paying $27.5 mil for the Del Amo Office building in Torrance, in an all-cash transaction. The property was purchased from The Simon Group as part of the initi...
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• Watson Land Gets Huffy
8/13/10
Huffy Corporation has leased a 190k sf industrial facility in Carson in a four-year deal worth $5.8 mil ($0.64/sf/mo). The property, which will serve as the new West Coast distribution center for the big, global bicycle comp...
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• Consulate General of Malaysia Inks Downtown LA Office Renewal
8/12/10
Here’s a quick review of a couple of recent office leases from downtown Los Angeles. In one deal, the Consulate General of Malaysia agreed to a lease extension for 18.8k sf of office space at 550 S. Hope St. The Consulate Gen...
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