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• Related Closes $56 Mil Buy of Downtown LA Senior Housing Property
9/29/08
A 309-unit senior housing property in downtown Los Angeles was acquired by The Related Companies, out of New York, in a $56.5 mil ($183k/unit) transaction. The 268k sf property, located on a 37k sf lot at 740 S. Olive St, gen...
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• Recent Signings Bring Century City Tower to 95% Occupancy
9/26/08
Century City remains one of the more sought-after, and pricey, submarkets in West LA, with most recent leases starting at well over $3/sf/mo and average rents in some transactions reaching considerably higher than that. We’ve...
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• New RENTV Executive Report: San Fernando Valley Properties on the Market
9/25/08
RENTV's just-posted San Fernando Valley “Properties on the Market” Executive report is a great way to get a feel for what kind of investment opportunities are currently being offered for sale in and around the San Fernando Va...
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• Investors Sock Away Argyle Apartment Properties in Hollywood
9/25/08
In a multifamily sale in the Hollywood Hills, a 42-unit apartment property built in 1970 just a short distance under the Hollywood sign at 1937-1939 Argyle Ave, north of Franklin Ave on the northeast side of the 101 Fwy, sold...
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• Fox Inks Fair and Balanced Lease for Beverly Hills Office Space
9/25/08
Fox Interactive Media Inc recently inked a lease for additional office space in LA’s Westside, having agreed to a three-year, $4.8 mil deal for 28.6k sf ($4.66/sf/mo) at the Wilshire/La Peer Building in Beverly Hills. The bui...
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• Hines Acquires Citigroup Center in LA from Broadway Partners
9/24/08
Citigroup Center, the 48-story, 891k sf Class A office tower located at 444 South Flower St in downtown LA’s Bunker Hill submarket, was acquired by Hines U.S. Office Value Added Fund II, L.P. (HVAF II) in a transaction report...
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• Annual Cruisin’ For A Cure One-Day Car Show to Feature Over 4,000 Cars
9/24/08
You don’t want to miss the 9th Annual Cruisin' For A Cure, the huge one-day car show and one of the country's most successful prostate cancer fundraisers, celebrates all things automotive on Saturday, September 27, 2008, 7:00...
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• Valassis Direct Mail Leases 235k sf Commerce Facility
9/23/08
Valassis Direct Mail Inc, a national marketing services company, inked a ten-year lease to occupy an entire 235k sf distribution/manufacturing facility in the City of Commerce. The building, located at 5500 Olympic Blvd, betw...
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• Newest Tenant at LNR Warner Center is Really Intuit
9/22/08
Here’s a follow-up to a very notable office lease in the West San Fernando Valley that was actually signed back at the end of 2006 but the tenant, Intuit Inc, just took occupancy of its space this month. In the deal, Intuit t...
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• New Commercial Finance Firm Doesn’t Let Tough Times Slow Them Down
9/19/08
Commercial real estate industry pros Walter F. Conn, Paul J. Salazar and Marcelo Bermudez launched Figueroa Capital Group, a finance and advisory firm specializing in arranging debt and equity for commercial real estate inves...
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• New Res Tower Promises a True Metropolitan Hollywood Lifestyle
9/16/08
A unique Hollywood residential tower that promises a new standard for urban living in the heart of the city is being marketed for lease. The 52-unit development, the Metropolitan Hollywood, is said to offer some of the city’s...
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• Fiberglas Products Distributor Leases 40k sf Sylmar Facility
9/15/08
In recent industrial leasing news from the San Fernando Valley, A.P. Products Inc, a distributor of fiberglass products, inked a five-year, $1.4 mil deal for a 39.8k sf ($0.59/sf/mo) building at 12884 Bradley Ave, south of th...
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• LA Apartment Comps
9/12/08
Here’s a chance to catch up on apartment sales comps in Los Angeles, as we’ve got nine recent deals to report, listed below:
• A six-unit building at 3725 Midvale Ave, east of the 405 Fwy and north of Venice Blvd, sold for $...
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• West LA Coco’s Property Sells for $700/sf
9/11/08
Three recent property sales along a stretch of Pico Blvd in West Los Angeles combined for a total deal value of $6.4 mil. The transactions were all brokered by Jonathan Ahron and David Aschkenasy of Charles Dunn Co.
One of t...
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• Roland Products Spends $5.5 Mil on Gardena Industrial Facility
9/10/08
European distributor Roland Products acquired a 40k sf industrial facility in Gardena for $5.5 mil ($138/sf). The property is at 1702 El Segundo Blvd, east of Western Ave and south of the 105 Fwy.
Roland, a distributor of Eu...
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• Former Boise Cascade Facility in Rancho Dominguez Renovated for Modern Uses
9/08/08
A 98.9k sf industrial property in Rancho Dominguez, originally built in the 1970s for Boise Cascade Co, has been totally refurbished and is being marketed for lease to the logistics industry. The property, situated on 5.5 acr...
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• Rexford to Redevelop Light Industrial Property in East Pasadena
9/05/08
An older multi-tenant light industrial property in East Pasadena presented an attractive value-add investment opportunity for SoCal-based Rexford Industrial LLC, which paid $4.7 mil for a 31.5k sf ($149/sf) complex at 89-91 N...
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• Construction on New Valencia Office Property is Completed
9/04/08
A new Class A office property located in the Northern LA County community of Valencia has recently completed construction. Called Summit Oaks, the project was developed through a partnership between Parker Properties and RREE...
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• BOMA LA Organizes Memorial Service for Barbara S. Harris
9/02/08
The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) regrets to announce that Barbara S. Harris, RPA, a leading real estate professional, passed away on Tuesday, August 26, 2008 after a long and cour...
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• Jim Orloff and Tony Michelman to Head Up New NAI Capital Group
9/02/08
Encino-based NAI Capital has launched a new division within the company to be called the Consulting and Advisory Services Division. Headed by Senior Vice President Jim Orloff and Vice President Tony Michelman, the group will ...
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