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• Commerce Landlord Whistling Dixie after Replacing Tenant for 270k sf Facility
5/06/08
In what is reportedly the largest lease transaction in the City of Commerce in the last seven years, Bridge Publications, the company that produces all of the publications and compact discs for the Church of Scientology, has ...
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• Maxxam Making a Fashion Statement
5/05/08
Maxxam Enterprises is looking very fashionable these days, as the privately held LA real estate firm has five projects totaling more than 200k sf in various stages of development in the rapidly growing Fashion District of dow...
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• San Fernando Mixed-Use Project May Be Re-Configured for Affordable Senior Housing
5/01/08
Gangi Development was given a nine-month extension of an exclusive negotiating agreement with the City of San Fernando to finalize the components of a mixed-use project for a city-owned parking lot at San Fernando Mission Blv...
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• Fleishman-Hillard Goes Hollywood
5/01/08
When it comes to Hollywood, they say any PR is good PR, which makes this latest office lease look even better, as the PR firm of Fleishman-Hillard inked a deal for 9.3k sf of space at 6751-6755 Hollywood Blvd, just east of Hi...
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• Maguire Properties’ Suitor May Be Rob Maguire
4/30/08
With recent efforts to locate a potential buyer for Maguire Properties having come to a halt a few weeks ago without any likely contenders, company CEO Rob Maguire is now making a strong play to buy the company himself. The c...
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• LA-Area Apartment Comp Review
4/30/08
Here’s an update on three smaller apartment sales comp from around the LA area. We’ll start in the west San Fernando Valley community of Canoga Park, where an investor paid $2.85 mil for a 19-unit ($150k/unit) building at 703...
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• NAIOP SoCal to Recognize RE Pros Who Represented USA at Past Olympics
4/30/08
In honor of the athletic achievements of many Southern California real estate professionals, NAIOP SoCal will recognize some of the local leaders who have represented the USA in past Olympics at this year’s annual Night at th...
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• Psychology School Doesn’t Mind Older Building in New Downtown LA Lease
4/29/08
In a recent lease for office space in a historic downtown Los Angeles building, the Chicago School of Professional Psychology agreed to take 15.9k sf on the eighth floor at 617 West Seventh St, located on the northeast corner...
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• Dodgers Hit One Out of the Ballpark with Stadium Improvement Plan
4/28/08
In an effort to improve the overall Dodgers game experience and to create a year-round source of revenue from the club’s iconic stadium property, the Los Angeles Dodgers last week announced plans for a multi-faceted improveme...
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• Eric Olofson Named Vice Chairman at Cushman & Wakefield
4/28/08
Eric L. Olofson II has been promoted to Vice Chairman at international real estate services firm Cushman & Wakefield. He was previously an Executive Vice President and is based in the firm’s West Los Angeles office. In additi...
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• G&L Realty Gets Medical Attention in $16 Mil San Pedro Sale
4/25/08
A three-building, 68.1k sf medical office complex in San Pedro was acquired by KF Properties last month in a $16 mil ($235/sf) transaction. The property, located at 1360 W. 6th St, across the street from the Little Company of...
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• LA City Dignitaries Sign Private Sector Green Building Plan at Earth Day Party
4/25/08
The City of Los Angeles celebrated Earth Day this past Tuesday by signing into law an aggressive plan that calls for reducing the city’s carbon emissions by at least 80,000 tons by the year 2012, making LA the first major Ame...
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• Investor Spends $12 Mil on Village in East Hollywood
4/24/08
A 41-unit apartment complex in Hollywood was acquired by a locally based investor for $12 mil. The property, East Hollywood Village, is located on a 2.8k sf site at 5718-5728 Hollywood Blvd, between Western Ave and the 101 Fw...
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• Dynaroll Gets it Bearings in the Valley with $5.3 Mil Sylmar Buy
4/21/08
Dynaroll Corporation has settled on an additional location in the San Fernando Valley with the recent purchase of a 41.5k sf industrial facility in Sylmar. The company, which was founded in 1988 and has since become one of th...
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• Canyon-Johnson Closes Its $1 Bil Fund III
4/18/08
The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, closed its $1 bil Canyon-Johnson Urban Fund III. The third fund, which eclipses the combined $900 mil in equity of th...
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• Montebello Industrial Facility Sells for $7 Mil
4/16/08
An 89.6k sf industrial building in Montebello recently traded hands with a price tag of $7 mil, or roughly $78/sf. The building, located on 4.3 acres of land at 1561 Chapin Rd, east of the I-5 and north of Slauson Ave, was so...
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• Car Wash Buyer Hopes to Clean Up by Redeveloping Sun Valley Property
4/15/08
A former car wash site in the northeastern San Fernando Valley community of Sun Valley was recently acquired by a local affordable housing investor for redevelopment into a multifamily complex. The property, located at 8925 a...
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• GE Provides $380 Mil in Douglas Emmett’s Purchase from Arden
4/14/08
In a follow-up to recent news of Douglas Emmett’s (DEI) purchase of six office properties totaling 1.4 msf of space from Arden Realty for $610 mil, acquisition financing of $380 mil for the transaction was provided by GE Real...
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• L.A. Gets Live-lier with Opening of 26-Story Luxury Res Tower
4/10/08
A unique apartment high-rise project in downtown Los Angeles is set to debut in May, 2008. We’re talking about the grand opening of 717 Olympic, a 26-story luxury rental project in the heart of the new 27-acre L.A. Live enter...
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• Investors Pay Top Dollar for Portfolio Enhancement Procedure
4/10/08
by Allen Wolfsheimer
In a Beverly Hills office buy that stands a cut above similar deals in the region, a 63.3k sf medical office property occupied primarily by high-profile plastic surgeons sold for $55 mil, or $869/sf, a record price for this t...
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