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• Reznick Group Inks Renewal/Expansion Deal for 17k sf in Century City
8/28/08
Reznick Group, the highly regarded CPA firm that specializes in commercial real estate, inked its own real estate deal in Century City, after agreeing to a seven-year lease for 17.6k sf of office space at 1888 Century Park Ea...
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• City of Los Angeles Inks $47 Mil Downtown Office Renewal
8/27/08
The City of Los Angeles signed off on one of the largest SoCal office transactions of 2008, having agreed to a 10-year lease renewal for 170.1k sf of space at The Garland Center, located at 1200 West 7th St in downtown LA. Th...
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• Cinelease Lights Up Glendale Industrial Market
8/26/08
Cinelease Inc, one of the largest independent lighting and grip rental companies in the country, recently inked a lease for a vacant 155k sf industrial facility in the southeast San Fernando Valley. Cinelease’s 10-year transa...
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• LAX Sheraton Gateway Hotel Trades in $97 Mil Deal
8/25/08
Ownership of a major LAX-area hotel property changed hands in a recent transaction valued at $97 mil. The property is the fee simple interest in the 802-room Sheraton Gateway Hotel at Los Angeles International Airport, which ...
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• Take the 7-Point Challenge!
8/25/08
The Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) is adopting BOMA International’s transformational “7-Point Challenge,” a new energy plan for the commercial real estate sector, for implementation...
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• Alhambra Tenants Pumped Up Over Opening of New LA Fitness
8/21/08
LA Fitness, the national sports/fitness chain, just opened a new 50k sf San Gabriel Valley location at The Alhambra, the 45-acre, 1 msf urban community located at 1000 S. Fremont Ave in Alhambra. Situated on the northwest cor...
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• West LA Apartment Properties Continue to Attract Investors
8/21/08
Two recent apartment sales on L.A.’s Westside generated a total of $9 mil. In one of the transactions, a 15-unit luxury building located at 2050 S. Bentley Ave, a block east of Sepulveda Blvd and about midway between Santa Mo...
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• George Smith Partners Finances Long Beach Office Buy
8/21/08
Bridge financing of $10.3 mil for the acquisition and redevelopment of City Centre Office, a 67k sf Class B office building at 200 Pine Ave in Long Beach, was arranged by George Smith Partners. The 40-year-old property, consi...
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• Equity Office Investing $25 Mil in SoCal Upgrades
8/21/08
For those of you who may have been under the impression that Equity Office ceased to exist after Sam Zell sold it to The Blackstone Group for $39 bil in 2007, think again. The big office owner, which manages 50 msf of space i...
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• Steel Company Fabricates $9 Mil Industrial Buy in Santa Fe Springs
8/19/08
In the latest deal news from Santa Fe Springs, Hansen Steel, a steel fabrication and services company based in the city, has acquired an 85.9k sf metal industrial building on 4.75 acres at 11919 Smith Ave, north of Telegraph ...
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• Newcastle and RREEF Acquire 54 Acres in Long Beach for Mixed-Use Campus
8/18/08
A 54-acre parcel at the former Boeing aircraft manufacturing site in Long Beach will soon be transformed into a state-of-the-art mixed-use development slated to contain office and industrial product, along with retail space a...
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• New NoHo Apartment Project Sells for $7.9 Mil
8/15/08
Bonner Casitas Apartments, a newly constructed 32-unit multi-family property located in North Hollywood’s NoHo Arts, was acquired by a local investor for $7.875 mil, or about $246k/unit. Located at 5500 Bonner Ave, south of B...
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• Vallarta Supermarkets Acquires 90k sf San Fernando Valley HQ Facility
8/14/08
Vallarta Supermarkets Inc, a fast-growing San Fernando Valley-based supermarket chain, has acquired a near new 89.7k sf corporate headquarters and distribution center in the northern Valley community of Sylmar. Vallarta, an A...
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• Santa Fe Springs Industrial Transactions Total Almost $5 Mil
8/13/08
Three recent industrial deals in Santa Fe Springs rang up a combined $4.6 mil in total consideration. Two of the transactions were sales, while the other deal was a lease.
In the building sale, private investors paid $1.7 mi...
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• Wilshire Christian Church Putting Faith in New Transit-Oriented Project
8/12/08
Historic Wilshire Christian Church (Disciples of Christ) is researching the potential development of a mid- to high-rise transit-oriented project near Wilshire and Normandie in LA’s Mid-Wilshire area. The church has retained ...
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• Arden Announces National Expansion Plan
8/11/08
There’s been some notable news from Arden Realty, the big West LA-based office property owner that was acquired by GE Real Estate in May of 2006. The company, which has since the merger expanded from Southern California into ...
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• Latest Signings Bring The Alhambra to 90% Leased
8/08/08
The Ratkovich Company, led by prominent local real estate developer Wayne Ratkovich, recently inked three new leases at The Alhambra, a 45-acre mixed-use campus located at 1000 S. Fremont Ave in Alhambra. The latest signings,...
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• 25-Unit Beverly Hills Apartment Property Listed at $11.2 Mil
8/07/08
Maple Drive Apartments, a unique, six-story multifamily building at 131 S. Maple Dr in a prime part of Beverly Hills, has just been listed for sale with an asking price of $11.2 mil. Consisting of 25 spacious units with an av...
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• Downtown LA Seniors Apartment Property Comes on Market
8/06/08
A large active senior housing community located in the center of downtown Los Angeles, said to offer significant upside potential, has just come on the market with an asking price of $53 mil, or $171.5k/unit. The 12-story pro...
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• TA Associates Hopes Investment in El Segundo Aero/Tech Building Takes Off
8/06/08
A 103.3k sf suburban office building in LA’s South Bay region traded hands in a $24.5 mil transaction, giving the property a value of $237/sf. Located at 2401 El Segundo Blvd, the six-story building sits at the corner with Av...
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