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• AMCAL Debuts 49-Unit Affordable Development in South LA
12/24/08
Following the successful opening of Temple Villas in Echo Park/Beaudry, Agoura Hills-based AMCAL Multi-Housing Inc continues its rapid expansion throughout Los Angeles with the opening of Casa de Angeles. Located at 4900 S. ...
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• Magellan Discovers $31 Mil of Financing for Commerce Industrial Park
12/22/08
The Magellan Group recapitalized Grace Place Industrial, a 531k sf industrial complex in the City of Commerce, with $31.35 mil in new financing, which includes a new $25.6 mil first mortgage provided by Mesa West Capital. Mag...
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• Countrywide Collects $15.6 Mil from Office Building Disposition
12/19/08
How times have changed. Less than a year ago Countrywide was one of the biggest real estate lenders in the nation as well as one of the largest space occupiers in the West San Fernando Valley and Conejo Valley. Today they’re ...
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• Overton Moore Heads North in Fremont Property Buy
12/18/08
Overton Moore Properties (OMP), the big SoCal-based owner and developer of business parks, has turned its attention to Northern California with the recent acquisition of a 506k sf industrial property in the East Bay. The buil...
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• Economic Slowdown No Deterrent for New Spec Industrial Project
12/18/08
Newport Beach-based Western Realco recently got underway with a major new development in Southern California – a spec 400k sf distribution facility in the City of Commerce. While some may question the wisdom of moving forward...
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• La Mirada Property Owner Cuts Big Records Deal
12/18/08
In recent industrial leasing activity from the eastern edge of Los Angeles County, LA Records LLC agreed to a five-year, $4.3 mil deal for a 127.7k sf ($0.56/sf/mo) facility located at 14051 Rosecrans Ave, east of the I-5 and...
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• Annual SoCal AIR Event to Provide Insight into Coming Year
12/17/08
One of the biggest SoCal industry forecast events of the year, AIR’s Annual “Market Review & Forecast”, is set for Jan. 28, 2009 at the Jonathan Club in downtown Los Angeles. Particularly in light of the difficult economic cl...
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• David Fincher Inks Deal for 1920s-Era Hollywood Building
12/16/08
An older Hollywood building that harks back to the city’s glamour days of the 1920s was snapped up in a recent lease by an entertainment industry user. In this latest transaction, director David Fincher leased a 3.4k sf build...
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• Hines Becomes Cabi Driver
12/12/08
Houston-based Hines recently saw its SoCal office portfolio grow considerably, after acquiring close to 4.5 msf of assets from Cabi Developers, the US entity of Mexico’s Giesa, which had been unable to keep up on the mortgage...
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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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