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• Somerset Group Closes $45 Mil Office Buy in LA’s Miracle Mile Area
8/05/08
The Somerset Group, a privately held real estate investment firm based out of New York, closed on a significant LA office buy, having paid $45.1 mil for 5055 Wilshire Blvd, a 168.5k sf, nine-story ($268/sf) high-rise just eas...
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• Sylmar Apartment Property Fetches $158k/Unit
8/05/08
An investor paid $12.85 mil for Foothill Glen Apartments, an 81-unit ($158.6k/unit) multi-family community located in Sylmar, in what is reportedly one of the most expensive sales ever achieved in Sylmar, based on a price-per...
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• Northrop Grumman Agrees to $120 Mil South Bay Office Deal
8/04/08
A major office lease in LA’s South Bay region was just announced, as aerospace firm Northrop Grumman Corp agreed to take the entire 333k sf Continental Tower building, situated at 101 Continental Blvd, just east of Sepulveda ...
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• Holliday Fenoglio Fowler Arranges $167 Mil for USC-Adjacent Housing Project
8/01/08
The Los Angeles office of Holliday Fenoglio Fowler, L.P. (HFF) arranged a construction loan and joint venture equity totaling $167.5 mil for University Gateway, a luxury student housing and ground-floor retail project adjacen...
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• Wrightwood Funds $17 Mil Buy of Agoura Hills Office Property
7/31/08
Wrightwood Capital has provided $16.925 mil to finance the acquisition of Teradyne Office Building, a two-story, 117k sf building at 30601 Agoura Rd in Agoura Hills. Built in 1987, the property has been owned and occupied sin...
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• Burbank Facility Does a 360, Going from Leased to Sold
7/31/08
A 31.3k sf building in Burbank was purchased for $8 mil ($256/sf) by Point 360, which had been leasing the property for the past 10 years. The building is located at 1122 and 1133 N. Hollywood Way, between Magnolia and Burban...
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• Agoura Hills Office Property Sells for $12 Mil
7/29/08
A 61k sf office building in Agoura Hills traded hands in a $12 mil ($197/sf) transaction. The three-story suburban building is situated on over two acres at 28720 Roadside Dr, east of Kanan Rd on the south side of the 101 Fwy...
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• LA-Area Apartment Comps
7/28/08
Here’s a rundown on three recent apartment sales comps and a multifamily development site sale from in and around the San Fernando Valley, in the northern part of the Greater Los Angeles Basin. The transactions, which took pl...
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• Tutor-Saliba Purchases New Sylmar Building
7/28/08
A 33.7k sf building at North Valley Commerce Center, a 201.3k sf industrial business park in Sylmar, was recently acquired by Tutor-Saliba Builders, the big civil infrastructure and commercial building construction firm that ...
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• Kearny Completes 203k sf South Bay Industrial Project
7/25/08
Kearny Real Estate Company has just completed work on a new 21-building, 203k sf industrial project in Hawthorne. The $45 mil complex, developed by MS Kearny Northrop Avenue LLC, a partnership led by Kearny Real Estate Compan...
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• Transwestern Acquires Pair of Culver City Office Towers from Arden Realty
7/24/08
Madison Partners, the West LA-based brokerage firm founded by Bob Safai, was involved in three recent office deals, totaling more than 650k sf of space, which just closed escrow. The properties, located in Culver City, Centur...
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• Panorama City Facility Sells for $4.7 Mil
7/23/08
Here’s the scoop on two nearby industrial deals from the eastern San Fernando Valley, in Panorama City and North Hollywood. In the Panorama City transaction, Creative Technology Group agreed to a $4.7 mil, 84-month lease of a...
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• Rancho Dominguez is Becoming a Chick Magnet
7/22/08
A 9.8k sf warehouse property in the city of El Segundo recently sold for $9.7 mil ($990/sf). The building was constructed in 1989 and is located at 645 South Allied Way, north of Rosecrans Ave and east of Sepulveda Blvd off o...
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• Dramatic Hollywood Building Acquired by Dramatic Academy
7/21/08
A historic Hollywood apartment building that was recently renovated was just acquired by the American Musical and Dramatic Academy (AMDA) to help house its growing student body. AMDA agreed to a 12-year, $13 mil lease for the...
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• New RENTV Executive Report: San Gabriel Valley/Mid-Cities Hot Transactions
7/17/08
RENTV’s latest Hot Transactions report covers the San Gabriel Valley and LA’s Mid-Cities area, a region that extends southeast of downtown to communities such as Commerce, Whittier, Montebello, Vernon, Downey, Pico Rivera and...
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• Premier Office Centers Inks 46th Location
7/17/08
Premier Office Centers LLC, the big Irvine-based executive suite operator, has inked a deal to manage and operate a location in the eastern San Fernando Valley on behalf of Excel Executive Suites LLC. The arrangement calls fo...
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• Sonnenblick-Eichner Arranges $20 Mil in Construction Money for Malibu Retail Project
7/16/08
Sonnenblick-Eichner Company has arranged a $20 mil leasehold construction loan for Malibu Lumber Shopping Center, a planned retail center located on Pacific Coast Highway in Malibu. The project, which is being developed in a ...
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• New Lifestyle Development to Add 421 Res Units for USC Students and Staff
7/16/08
This summer, Urban Ventures begins construction on University Gateway, an ambitious, multi-faceted residential/retail development designed to meet the growing housing and lifestyle needs of USC students, professors, staff and...
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• Draftsmen & Craftsmen
7/16/08
Killefer Flammang Architects (KFA) recently won four Los Angeles Business Council (LABC) architectural awards — three for the design of fire stations, the other for a building housing abused women and mentally ill homeless re...
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• Outlook for LA’s Retail Market Remains Bright
7/15/08
The extended outlook for Los Angeles' retail market remains bright, though moderating economic conditions and the local housing downturn will ease tenant demand for space in the near term, according to a second-quarter Retail...
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