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• San Gabriel Valley Apartment Property Sells in $15 Mil Transaction
12/11/08
The San Gabriel Valley recently saw a notable apartment sale, as the Atrium at West Covina, a 138-unit community in the city of West Covina, traded hands in a $15 mil transaction, valuing the property at roughly $109k/unit. S...
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• Marcus & Millichap Marketing Two $20 Mil LA-Area Investments
12/10/08
Looking for that perfect Christmas gift for someone special? How about a nice SoCal commercial property? Here’s the scoop on two LA-area investment opportunities, both listed with Marcus & Millichap and priced near $20 mil.
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• Hollywood & Vine Gets a New Star
12/09/08
A number of local dignitaries, including Los Angeles Mayor Antonio Villaraigosa and Councilman Eric Garcetti, were on hand the other day for the topping out ceremony at 1600 Vine, a new 375-unit multifamily development at the...
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• Downtown LA’s Telecom Center Closes Very Cogent Lease
12/08/08
Cogent Communications took 8.4k sf of office space in downtown Los Angeles after inking a seven-year, $3.3 mil ($4.68/sf/mo) deal at 530 West Sixth St, east of the 110 Fwy and a block north of Wilshire Blvd. Cogent is a multi...
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• Roosevelt Inaugurated Again
12/05/08
By Allen Wolfsheimer
An exciting residential project in downtown LA, reported to be one of the region’s most costly adaptive reuse projects to-date, officially opened its doors the other day. The Roosevelt, which was origina...
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• LA City Council Passes Solar Roof Measure
12/04/08
Here’s a recent notice from the latest BOMA of Greater Los Angeles email newsletter regarding the recent passage by the LA City Council of an ordinance allowing the LADWP to install solar panels on buildings:
In an effort to...
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• Monrovia Mixed-Use Development Gets Underway
12/03/08
Urban Housing Group has begun construction on The Courtyards at Old Town, a mixed-use urban community located in the heart of Monrovia’s Old Town district. The project, designed by KTGY GROUP and built in collaboration with t...
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• Latest Tenant Brings the Right Synergy to Woodland Hills
12/02/08
Synergy Performance Health & Fitness Center recently inked a lease for 10.3k sf of ground floor office space in Woodland Hills, to be used as a fitness and wellness center. The 88-month deal has a total value of $1.8 mil, or ...
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• Single-Tenant Gardena Industrial Building Sells for $100/sf
12/02/08
A 15.4k sf single-tenant industrial building in Gardena was sold in a recent $1.55 mil ($101/sf) transaction. The building is located at 15204 South Broadway St, east of the 110 Fwy and just north of Redondo Beach Blvd. The s...
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• Garment Biz Firm Inks Renewal for 200k sf Downtown LA Facility
12/01/08
Clothing manufacturer Unger Fabrik LLC inked a two-year renewal lease for its 198.6k sf industrial facility in downtown LA that the company uses as its headquarters. The building is located at 1515 E. 15th St, west of Alameda...
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• New Multifamily Project Adds 52 Affordable Units in Downtown LA
11/25/08
Temple Villas, a new 52-unit affordable housing development in downtown Los Angeles’ Beaudry/Echo Park area, just opened to the public. Located at 1417-1429 W. Temple St, the project is a development of AMCAL Multi-Housing in...
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• Culver City is Upward Bound
11/24/08
The 18-unit Sun Bay Hotel at 12841 Washington Blvd in Culver City was acquired by the Upward Bound House, which plans to convert the property into an emergency shelter for families by 2009. This shelter will be the only progr...
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• 70k sf Diamond Bar Industrial Facility sells for Just Under $10 Mil
11/20/08
A 70.4k sf industrial facility in Diamond Bar recently traded hands in a $9.69 mil ($138/sf) all-cash deal, reported to be one of the largest sales in the east San Gabriel Valley year-to-date. The property, located at 20405 E...
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• Miracle Mile Office Tower Achieves LEED Silver Certification
11/19/08
5055 Wilshire Blvd, a nine-story, 168.5k sf high-rise located just east of LA’s Miracle Mile area, has been awarded Leadership in Energy and Environment Design (LEED®) Silver certification under the U.S. Green Building Counci...
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• Historic Property Buffs Can Brush Up Their Portfolio With Crest
11/18/08
Occasionally we hear about an interesting listing to hit the market, which we think you might be interested in knowing about. In this latest example, one of the country’s longest running and last single-screen movie theatres,...
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• New RENTV Executive Report: West Los Angeles Hot Transactions
11/14/08
Here’s a great way to keep up with all of the transaction activity throughout West Los Angeles over the past year. RENTV’s latest executive report -- a compilation of closed office, industrial and retail sale and lease comps ...
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• Insurance Firm Inks $5 Mil Office Expansion Deal at Warner Center
11/13/08
Here’s an update on two recent $5 mil lease comps in the West San Fernando Valley and Ventura County areas.
We’ll start in the San Fernando Valley community of Woodland Hills, where Markel West Inc agreed to a 10-year, $5 mi...
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• LA’s Community Redevelopment Agency Acquires Reseda Shopping Center in $5.3 Mil Deal
11/12/08
The Community Redevelopment Agency of the City of Los Angeles (CRA/LA) has acquired a 15k sf shopping center along with 46k sf of land in Reseda, at 18128 Sherman Way. The property, situated just west of Lindley Ave, sold for...
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• Demand Remains Strong for New Conejo Valley Office Property
11/10/08
Although demand for office space in much of Southern California has dropped off noticeably over the past year, we can tell you about a Conejo Valley office building that has enjoyed significant positive absorption over the co...
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• Greenberg Glusker Forms Restructuring and Workout Group
11/10/08
The law firm of Greenberg Glusker has formed a real estate restructuring and loan workout group to address current economic circumstances specific to the real estate industry. The group, comprised of attorneys from the firm’...
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