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• Professional Firms Lock Up Woodland Hills Office Space
3/12/10
We’ve got a couple of recent office lease comps from Woodland Hills to let you know about. In one deal, the accounting firm of Cohen Miskei and Mowrey leased 18k sf at 5700 Canoga Ave, just north of Burbank Blvd. The building...
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• Long Beach Apartment Property Acquired by Foreign Buyer for $106k/Unit
3/12/10
A 17-unit apartment community in Long Beach recently sold for $1.8 mil, or about $105.9k/unit. The property sold at a cap rate of 7.3%, with a 21-day escrow. It is located at 1762 East 3rd St, north of Broadway and west of Ch...
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• Westside Media Companies Choose to Stay at Westside Media Center
3/11/10
Kilroy Realty Corporation has locked up 113.8k sf of lease renewals at Westside Media Center, a recently renovated Class A office complex located at 12100, 12200 and 12312 West Olympic Blvd, near the 405 and 10 Freeways and w...
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• Department of Defense Takes Occupancy of New El Segundo Facility
3/10/10
The United States Department of Defense has taken occupancy of the newly completed Los Angeles Military Entrance Processing Station (MEPS) in El Segundo, which was developed by Mar Canyon Grand LLC. The 33k sf building is loc...
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• HFF Arranges Financing on Lionstone’s Share of Santa Monica Office Complex
3/09/10
By Allen Wolfsheimer
HFF (Holliday Fenoglio Fowler, L.P.) has arranged $85 mil in financing on the majority of the Lantana Media Campus, a 530k sf sf Class A office campus in Santa Monica. The financing is on the four-buildi...
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• GSP Arranges $5.6 Mil Refi on SF Valley Apartment Complex
3/08/10
George Smith Partners (GSP) arranged refinancing of $5.655 mil on an 80-unit apartment complex in the San Fernando Valley. The 1960s-vintage, garden-style property is over 95% occupied. The two-story complex features a mix of...
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• Kaiser Acquires Final Building at Kearny South Bay Business Park
3/05/10
Kaiser Foundation Health Plan, a unit of Kaiser Permanente, has just acquired a three-story, 183.4k sf building in Carson, in a transaction that represented the final building to complete the sale of Kearny South Bay Business...
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• New RENTV Executive Report: San Fernando Valley Tenants in the Market
3/04/10
Here’s your chance to find out what companies are shopping around the San Fernando Valley, the Conejo Valley and the Tri-Cities areas for new space. RENTV’s just-posted San Fernando Valley“Tenants in the Market” Executive Rep...
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• Venice Beach Development Site Sells in 16 Days
3/04/10
A mixed-use development site on the Strand in Venice traded hands at a price of $325/sf, one of the most expensive sales on a per square foot basis in the area for many years. The oceanfront property, located at 305-309 South...
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• LA Investor Acquires Some of that Hollywood Magic
3/03/10
A local real estate investment entity acquired Franklin Pointe Apartments, a three-story, 53-unit multifamily property in the heart of Hollywood. The complex is located at 1825 North Cherokee Ave, three blocks east of Highlan...
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• New Mixed-Use Project Planned for San Dimas
3/02/10
Entitlement processing has been completed on a new $45 mil mixed-use project in the eastern San Gabriel Valley city of San Dimas. Called Bonita Canyon Gateway, the development will cover just over 8.5 acres and has received $...
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• Ardwin Freight Acquires 110k sf Site Near Bob Hope Airport in Burbank
3/02/10
A parcel of land that once housed a piece of Burbank’s aviation history has been sold to Ardwin Freight, which plans to build a corporate headquarters and storage facility for its business on the 110k sf site. The property is...
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• AIR Presidency Is a Noble Cause
3/01/10
Chuck Noble, principal of Lee & Associates – Orange Inc and a 30 –year veteran of commercial real estate, has been elected 2010 president of the AIR Commercial Real Estate Association (AIR) with a mission to “uncover new oppo...
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• The Art of Living Foundation Acquires Downtown LA Church Property
2/26/10
The Second Church of Christ Scientist, situated just west of downtown Los Angeles, has been purchased by The Art of Living Foundation in an all-cash transaction for approximately $5.2 mil. The 25k sf ($208/sf) property, locat...
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• Renovation Work Completed at West Los Angeles Office Building
2/25/10
TPMC California just completed a $5 mil redevelopment project at a 107k sf office building in West Los Angeles. Located at 12301 Wilshire Blvd, two blocks west of Bundy Dr, the 1970’s era building underwent a complete transfo...
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• Torrance Acquires Site for Future Transit Center
2/23/10
The City of Torrance has acquired a strategically located 15-acre parcel of land on Crenshaw Blvd, of which five acres is being considered for the site of a proposed new “Regional Transit Center” to serve the changing transpo...
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• LEED Silver Worthe the Wait for Santa Monica Office Building
2/23/10
A 313k sf Class A office building in Santa Monica became the first commercial building in the city to be awarded LEED-EB Green Building Certification by the U.S. Green Building Council. The five-story structure, located at 27...
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• Skin Care Products Company Storms into Torrance
2/22/10
Murad, a leading skin care company, has acquired a new 57.3k sf facility at Storm Business Park in the city of Torrance. The structure, one of three state-of-the-art buildings totaling 175k sf that were just completed at the ...
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• Watt Gets Underway with Redevelopment Project at Harbor City Property
2/19/10
Watt Commercial Properties has broken ground on a $14 mil redevelopment effort at the nine-acre Palo Woods shopping center in Harbor City. The plans include converting the existing Kmart building into two separate retail spa...
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• 85-Year-Old Brokerage Firm Back in Business
2/17/10
Molly Hobin is re-launching The Hobin Company, one of California’s oldest real estate brokerages, which was originally incorporated in 1925 as the successor to the R.B. Oullahan Company established in 1891 in Stockton. The co...
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