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• West Hollywood Retail Property Trades for $900/sf
12/09/09
After more than a year of litigation, a prime West Hollywood retail property owned by Joey Bishop Productions Inc was sold in an estate sale for $6.2 mil, or about $900/sf. The buyer was Sakhi Properties LLC, which acquired t...
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• Huitt-Zollars Awarded Port of Los Angeles Assignment
12/09/09
Huitt-Zollars has been to provide on-call civil engineering design consulting services for the Port of Los Angeles. Under the three-year contract awarded to the Westlake Village office, Huitt-Zollars' three Southern Californi...
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• Santa Fe Springs Industrial Building Fetches $90/sf
12/04/09
A 65.6k sf industrial building in Santa Fe Springs just sold in a transaction said to represent the highest price per-square-foot for a property totaling more than 50k sf in 2009 in all of the Mid-Cities industrial market. T...
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• Current TV and InVisM are Latest Entertainment Firms to Sign at Los Angeles Center Studios
12/02/09
Current TV (CTV) and InVisM (IVM) have signed long term leases totaling 30k sf at Los Angeles Center Studios (LACS). CTV, an Emmy® award-winning cross-platform news and information media company, will relocate to downtown Lo...
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• Trojans March into LA’s Westside
12/01/09
In one of the bigger office deals on the Westside in some time, The University of Southern California has agreed to a 10-year lease for a 72k sf building at The Campus at Playa Vista, a joint venture development of Tishman Sp...
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• ValleyCrest Takes Over PLANET
11/30/09
ValleyCrest Landscape Companies, the big Calabasas-based commercial landscaping firm, was honored with 14 PLANET Awards at the 40th annual Green Industry Conference awards presentation and reception in Louisville, Kentucky. V...
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• Private Investor Takes the Edge Off El Segundo Office/Flex Market
11/30/09
Brad Jones, an LA-based investor, purchased the last two remaining office/flex buildings at The Edge at Campus El Segundo, an office/flex building development project by joint venture partners Mar Ventures, Inc. and AMB Prope...
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• Lancaster Home for California’s Disabled and Aging Veterans Completed
11/25/09
Work was just completed on the William J. “Pete” Knight Veterans Home of California, a $22.2 mil project built by Barnhart-Heery on behalf of the California Dept. of Veterans Affairs in the city of Lancaster. The home will pr...
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• Gregg Gill to Lead South Bay Region at Lee & Associates
11/25/09
Greg Gill, a 40-year-plus commercial real estate veteran, has been tapped as President for Lee & Associates’ new office in Long Beach, a position that also includes the firm’s South Bay office, as his responsibilities encompa...
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• Investor Picks Up Majority of LA-Area Broken Condo Complex for $62k/Unit
11/24/09
Here’s the scoop on an interesting multifamily sale in the San Fernando Valley, as 99 condominiums within the 161-unit, 57.5k sf Sonterra Homes complex sold for $6.15 mil, or about $62k/unit. The REO property is located at 15...
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• 117k sf Torrance Shopping Center Hits the Market
11/24/09
If you’re in the market for an established LA-area shopping center, you might to check out Carson Normandie Plaza, a 117.2k sf retail property in Torrance. The asset, located at a signalized intersection on more than 7.5 acre...
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• LA Office Market Still Feeling Effects of Recession
11/23/09
Severe job cuts, particularly among professional workers, are weighing on operations in the Los Angeles office market, according to a fourth-quarter Office Research Report by Marcus & Millichap. Since the onset of the recessi...
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• Union Acquires Retail Portion of San Pedro Condo Project
11/19/09
Longshore & Warehouse Union Local 13 purchased an 18.9k sf ground-floor retail component at Centre Street Lofts, a 116-unit residential condominium building in downtown San Pedro. The price was not disclosed.
Centre Street L...
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• Abbey Company Closes Big Cerritos Buy
11/18/09
The Abbey Company recently acquired Cerritos Corporate Center, a 465k sf business campus consisting of seven multi-tenant office and industrial buildings located in Cerritos. The property is located at 13810 and 13950 Cerrito...
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• Monteleone & McCrory Signs Lease for 12k sf of Downtown LA Office Space
11/17/09
In a recent downtown Los Angeles office lease, the firm of Monteleone & McCrory LLP inked a renewal deal for 12.3k sf of space at Ernst & Young Plaza, located at 725 S. Figueroa St, a few blocks north of Staples Center. Ernst...
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• Tropical Creations Leases Van Nuys Industrial Space
11/16/09
Encino-based Capital Realty Solutions Inc recently negotiated three leases in Van Nuys for a combined 7k sf of space. Two of the transactions occurred at retail properties while the third was at an industrial property. Capit...
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• New Tenant Shapes Up Glendale Office Building
11/13/09
MyShapeR, an online shopping service for women, signed a lease for 35k sf of space in Glendale for its corporate headquarters and fulfillment center. The company, which is more than tripling its square footage, is relocating ...
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• NAI Capital’s Michael Rubin Handles Pair of Sales Worth $3.5 Mil
11/13/09
NAI Capital’s Michael B. Rubin, out of the company’s Westlake Village office, recently closed two transactions for a combined value of over $3.5 mil. In one of the deals, Rubin represented a private investor in the purchase o...
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• Held Closes Five New Leases at Century City Tower
11/12/09
Held Properties recently signed five leases with a combined value of roughly $3.5 mil at its 1880 Century Park East office tower. Here’s a summary of the transactions:
• Dempsey & Johnson signed a lease renewal for 4.5k sf o...
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• Glendale and Gangi Development Settle Lawsuit through Land Swap
11/12/09
The City of Glendale and Burbank-based Gangi Development Company have agreed to a creative land swap in which the City acquires undeveloped property southeast of Pennsylvania Ave at the terminus of Deerpass Rd, while Gangi wi...
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