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• Prompt Signs Timely Relocation/Expansion Lease in Carson
7/22/10
Prompt Warehousing Inc, a public warehousing company, recently signed a five-year lease for a 118.5k sf distribution facility in the city of Carson, in a nearly a 75 percent expansion of its West Coast plant capacity. The bui...
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• NAI Capital Team Lands Retail Listing for New Encino Project
7/21/10
Leasing efforts are underway for Legado Encino, an upscale, mixed-use project currently under development in the heart of Encino. Located at 16710 Ventura Blvd, between Hayvenhurst Ave and Balboa Blvd, the four-story project ...
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• Farzin Emrani, Shlomi Ronen and Steven Yazdani Form Lucent Capital
7/20/10
Former Carlton Group brokers Farzin Emrani, Shlomi Ronen and Steven Yazdani have formed Lucent Capital, a real estate finance advisory firm specializing in loan sales and capital placement. In the past five years, Emrani, Ron...
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• Shibuya Named to CresaPartners Advisory Board
7/15/10
Robert K. Shibuya has been named an advisory board member at Boston-based CresaPartners LLC, the nation’s largest corporate real estate advisory firm exclusively representing tenants. Shibuya, a 27-year industry professional...
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• Gas Company Renews 350k sf in Downtown LA
7/15/10
In a major office lease in downtown Los Angeles, Southern California Gas Company (The Gas Company) has agreed to a 15-year renewal for its 350k sf of space at The Gas Company Tower, located at 555 W. Fifth St, four blocks eas...
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• Canoga Park Apartment Property Fetches $107k/Unit
7/15/10
Here’s the scoop on two recent San Fernando Valley apartment comps. We'll start in Canoga Park, where a 14-unit apartment building sold for $1.5 mil ($107k/unit). The two-story building is located at 7230 Independence Ave, ju...
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• Cerritos Industrial Building Sells for $4.4 Mil
7/14/10
D & D Management LLC acquired a 48.4k sf industrial building in Cerritos for $4.35 mil ($90/sf). The structure is located on a 100k sf site at 17719 Valley View, south of Artesia Blvd and north of the 91 Fwy.
Built in 1980, ...
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• New Upscale Santa Monica Res Project Lands $6.4 Mil in Construction Financing
7/13/10
Thousand Oaks-based Griess & Associates has arranged $6.35 mil in construction financing for a nine-unit luxury condo project at 125 Pacific St in Santa Monica. The project is located just one block from the beach and within ...
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• JLL’s Siteman Named President of SoCal Chapter of 7x24 Exchange International
7/13/10
The Southern California Chapter of 7x24 Exchange International, a leading knowledge exchange for those who design, build, use and maintain mission-critical enterprise information infrastructures, has named Michael Siteman of ...
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• WorldLink Renews Its Miracle Mile HQ Space
7/08/10
In the latest office activity in LA’s Miracle Mile submarket, WorldLink Ventures Inc signed a six-year, $2.25 mil renewal deal for 12k sf ($2.60/sf/mo) of space at 6100 Wilshire Blvd, at the corner with Fairfax Ave. The 16-st...
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• 164-Unit San Dimas Multifamily Community Listed for Sale
7/07/10
FountainGlen at Sunnyside Apartments, a 164-unit garden-style apartment community in San Dimas has been listed for sale. Located at 251 South Walnut Ave, east of the 57 Fwy and north of Arrow Hwy, the asset has an asking pric...
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• Mar Ventures Receives LEED Certification for El Segundo Property
7/07/10
The Los Angeles Military Entrance Processing Station in El Segundo has received LEED (Leadership in Energy & Environmental Design) Gold Certification from the US Green Building Council, making it the first building in the Cit...
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• Exciting Mixed-Use Project at Hollywood and Vine is Completed
7/06/10
Development has been completed on 1600 Vine, a $264 mil mixed-use project located at the iconic corner of Hollywood and Vine in the heart of Hollywood. The 12-story Transit-Oriented Development (TOD) was developed by Foster ...
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• 40-Story Downtown LA Skyscraper Listed for Sale
7/01/10
By Allen Wolfsheimer
In a sign that office high-rise investor activity in the greater Los Angeles area may be picking up, here’s an update about a major Class A tower on the market. The property is the 626k sf Union Bank Pla...
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• LA Office Building Trades Hands for $4.3 Mil
7/01/10
Salomon Investment Partners LLC purchased a 13.6k sf office building at 4500 Wilshire Blvd, at the corner with Rossmore Ave in LA’s Park Mile submarket, for $4.3 mil ($316/sf). The architecturally distinct, three-story, Clas...
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• Kennedy Wilson Closes 180-Unit San Fernando Valley Condo Buy
7/01/10
Kennedy Wilson just closed on a large LA-area multifamily acquisition, having purchased NoHo 14, a 180-unit condo project located in North Hollywood. Guardian Life Insurance Company and RECP/Urban Partners participated as par...
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• SingerLewak Inks $10 Mil Westside Office Renewal
6/29/10
SoCal-based accounting/consulting firm Singer Lewak Greenbaum Goldstein (SingerLewak) agreed to a 10-year renewal for 25.3k sf of Westwood office space in a transaction valued at $9.8 mil ($3.23/sf/mo). Located at 10960 Wilsh...
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• Malcolm and Harrington Join Hendricks & Partners
6/25/10
Christopher J. Malcolm, Associate Partner, and David J. Harrington, Senior Investment Advisor, have joined the North Los Angeles office of Hendricks & Partners. Malcom and Harrington will both be involved in providing dispos...
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• Accounting Firm Locks Up Full floor at Westwood Tower
6/24/10
Wasserman, Grossman & Sloan has inked a sublease deal for the entire 12.5k sf 8th floor at 10990 Wilshire Blvd in LA’s upscale Westwood area. The five-year transaction commences on July 15, 2010 and has a total value of $2 mi...
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• Sherman Oaks Multifamily Property Trades for Over $23 Mil
6/24/10
In a sizable LA-area multifamily acquisition, a private investor purchased Magnolia Apartments, a 98-unit asset in the San Fernando Valley. The complex was constructed in 2009 and is located at 15357 Magnolia Blvd, near the i...
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