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• NoHo Multifamily Property Sells for Nearly $6 Mil
2/16/10
A 44-unit apartment community in North Hollywood was acquired by a Los Angeles-based investment entity for $5.8 mil ($131.8k/unit). The property, the Simpson Avenue Apartments, is located at 7526 Simpson Ave, south of Saticoy...
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• New Plans for Century Plaza Hotel Property Include Preservation of Iconic Building
2/12/10
It looks like the controversy over future plans for the historic Century Plaza Hotel property in Century City may be closer to reaching a resolution, as the new owners of the hotel, Next Century Associates, along with the Los...
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• Logistics Firm Inks Five-Year Renewal for 80k sf of South Bay Space
2/11/10
In a recent industrial renewal deal in LA’s South Bay region, City Logistics and Transport agreed to a $2.65 mil, 64-month extension for 80k sf ($0.52/sf/mo) of warehouse/distribution space in Rancho Dominguez. The property i...
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• AMCAL to Unveil New Senior Affordable Community in Palmdale
2/11/10
Palo Verde Terrace, a new 78-unit senior affordable community in Palmdale, is about to open to the public. Designed by Withee Malcolm Architects, Palo Verde Terrace is part of the City of Palmdale’s Civic Center Master Plan ...
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• New RENTV Executive Report: West Los Angeles Tenants in the Market
2/10/10
Find out what companies are looking around LA’s Westside for new space. RENTV’s just-posted West Los Angeles “Tenants in the Market” Executive report lists nearly two dozen companies said to be searching for new digs in and a...
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• Cerritos Industrial Facility Sells for $7 Mil
2/09/10
United Exchange Corporation, an import/export firm, has acquired a 100k sf industrial building in Cerritos for $6.95 mil ($69.50/sf). . The property is located at 17211 Valley View Ave, north of Artesia Blvd on the southwest...
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• Westside Multifamily Properties Sell for Over $250k/Unit
2/08/10
The Harratt Apartments, a 21-unit property located at 8819 Harratt St in West Hollywood, sold for $5.4 mil ($257k/unit). The Class A, non-rent-controlled property is located steps from the Sunset Strip. The property features ...
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• New Santa Monica Medical Office Building Underway with $147 Mil Tenant in Tow
2/04/10
In major office market news from LA’s Westside, The Regents of the University of California has taken 50k sf of medical office space in a three-story, build-to-suit medical building, due to break ground the first quarter of 2...
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• Douglas Marshall Named to 2010 CORFAC International Executive Officers Group
2/03/10
Douglas Marshall, a principal of The Klabin Company of Los Angeles, has been named a member of the 2010 executive officers group of CORFAC International, an invitation-only alliance of leading entrepreneurial and privately-he...
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• A Green Future is on the Horizon for Playa Vista
2/02/10
Horizon at Playa Vista, a modern urban office development encompassing 466k sf of space on the east side of Playa Vista, has been awarded Gold LEED Core & Shell (CS) certification by the U.S. Green Building Council, making it...
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• Los Angeles Center Studios Lease is a Current Event
1/28/10
Current TV (CTV), an Emmy® award-winning cross-platform news and information media company, inked a four-year relocation lease for approximately 23k sf of space at Los Angeles Center Studios. Los Angeles Center Studios is a ...
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• Renovation Work Completed at Bow Truss Industrial Building near Culver City
1/27/10
Urban Offerings and its partner, Meridian Group Ltd of Los Angeles, have completed their renovation of a vintage bow truss industrial building on LA’s Westside. The structure, located at 3641 Holdrege Ave, south of Jefferson ...
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• 34-Unit Valley Village Multifamily Property Sells for $3.9 Mil
1/27/10
A 34-unit apartment community located at 5629-5635 Laurel Canyon Blvd, in the Valley Village area of the San Fernando Valley, sold for $3.875 mil, or about $114k/unit. Assumable first and second trust deeds with PNC Multifami...
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• Hollywood Multifamily Property Sells for $5.5 Mil
1/26/10
A 36-unit apartment complex in Hollywood traded hands in a recent investment deal worth $5.475 mil ($152k/unit). The five-story property, Orange Towers Apartments, is located at 1757 North Orange Dr, north of Hollywood Blvd a...
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• New RENTV Executive Report: Downtown Los Angeles Tenants in the Market
1/22/10
Here’s your chance to find out what companies are looking around downtown LA for new space. RENTV’s just-posted Downtown Los Angeles “Tenants in the Market” Executive report lists close to 20 companies said to be searching fo...
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• Reve Investments Leases Hollywood Space for New Nightclub
1/22/10
In the latest Hollywood retail activity, Reve Investments Inc leased a 6.9k sf restaurant space and also acquired the nightclub business licenses at 1714-1718 Vine St, within the Hollywood Entertainment District, at Hollywood...
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• TechSpace Leases 20k sf of Westwood Space
1/21/10
Flexible office space provider TechSpace has just opened its second SoCal location, in Los Angeles. The company, which operated under the name of Nexspace for the past 10 years, leased 20k sf of Class A, ocean view space on t...
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• Two SoCal Apartment Sales Total Up to $14 Mil
1/20/10
Windsong Villas, a 67-unit apartment complex in Escondido, sold for $7.7 mil ($114.9k/unit). The property is located at 1202-1214 North Broadway, east of I-15 and north of Lincoln Pkwy in San Diego.
Steve Huffman and Allen ...
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• Bertelsmann Subsidiary Inks Renewal for 165k sf Valencia Industrial Facility
1/19/10
Arvato Digital Services agreed to a four-year lease renewal for a 165.1k sf industrial building in Valencia. The facility is at 29011 Commerce Center Dr, south of Hasley Canyon Rd and west of I-5. The value of the transactio...
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• Venice Retail Center Renovation Project an ICSC Silver Award Winner
1/19/10
Lincoln & Rose Shopping Center in Venice was named the Silver Winner of an International Council of Shopping Centers (ICSC) U.S. Design and Development Award in the Renovation or Expansion of an Existing Property category. T...
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