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• Canyon Capital Takes Ownership of 13-Acre Cal Neva Resort
4/24/09
Since completing the foreclosure process and taking ownership of the 13-acre Cal Neva Resort, Spa and Casino on the north shore of Lake Tahoe on April 8, Canyon Capital Realty Advisors (“Canyon”) has been moving forward to st...
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• Kirkland & Ellis Takes 90k sf at Downtown LA Skyscraper
4/21/09
Here’s the latest law firm office leasing news from Downtown Los Angeles, as Kirkland & Ellis LLP has inked a new deal for 90k sf of space at BofA Plaza, located at 333 S. Hope on Bunker Hill. The full-service, global law fir...
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• New San Gabriel Valley Tenant is a Glass Act
4/20/09
Triview Glass Inc inked a lease for a 48.2k sf industrial property in the City of Industry. Triview, a glass fabrication, sales and distribution firm, signed a five-year deal worth $1.6 mil ($0.55/sf/mo).
The building was ex...
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• ACCO Spends $15 Mil on City of Commerce Facility
4/16/09
LA’s Mid-Cities region continues to attract industrial users in need of central, well-located warehouse or manufacturing space, despite the slow economy. As an example of a significant recent transaction in the area, ACCO Eng...
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• Latest Signing in Victorville is Fasten-ating
4/14/09
In the latest news from Southern California Logistics Centre (SCLC), the big 2,500-acre commercial and industrial complex in Victorville, Fastenal Company, a North American fastener distributor, inked a lease for 6.3k sf of s...
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• Evergreen Grows in Culver City Area
4/13/09
Evergreen Films is the latest company to take space at Jefferson Palms, a former furniture manufacturing building just outside of Culver City that was recently converted to creative space. Evergreen, a provider of pre-product...
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• LA Self-Storage Operator Rolls into South Gate with Firestone
4/10/09
Firestone Self-Storage, a 91k sf self-storage facility in the city of South Gate, was acquired for $8.6 mil ($95/sf) in an all-cash deal by Nova Development, a Los Angeles-based self-storage operator. The property was sold by...
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• Wetherly Capital Inks Renewal/Expansion Lease for Brentwood Space
4/09/09
Wetherly Capital Group Inc recently inked an expansion/renewal deal for 6.2k sf of office space on the third floor at 11601 Wilshire Blvd, between Barrington and Federal Aves and west of the 405 Fwy in Brentwood. The 64-month...
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• Real Estate Luminaries Turn Up the Watt-age at Big SoCal Bash
4/07/09
More than 100 friends and colleagues from the real estate industry traveled to Los Angeles from as far as Italy and Hawaii to pay tribute to Ray Watt on the occasion of his 90th birthday. The luminaries in attendance include...
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• Korean Air Poised for Take-Off in Downtown LA
4/06/09
While plans for new office developments have pretty much come to a standstill during these recessionary times, there still is the occasional bold developer looking to move forward with a truly unique project that they believe...
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• Unique SoCal Listing Includes LA County’s Largest Privately Owned Lake
4/03/09
Here’s news of a very unique SoCal listing to hit the market, as the Conservation Land Group is selling a 175-acre property that includes Los Angeles County’s largest privately owned natural lake with surrounding wetlands, ma...
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• Valley Office Space Users Ink Deals in Woodland Hills and Pasadena
4/02/09
We’ve got two recent office leases in the $3 mil range to report from opposite ends of the San Fernando Valley, with one transaction in Woodland Hills, on the western end, and the other in Pasadena, at the eastern edge of the...
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• Huitt-Zollars Gets Huge Dollars
4/01/09
The Westlake Village office of Huitt-Zollars has been selected as the prime consultant for the City of Calabasas' $23 mil freeway bridge widening and interchange project at Lost Hills Rd and U.S. 101. Under the terms of the c...
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• Greenberg Glusker Inks $62 Mil Century City Office Renewal
3/31/09
Well-known entertainment and real estate law firm Greenberg Glusker Fields Claman & Machtinger LLP inked a 15-year renewal lease for its 61.8k sf of Class A office space in Century City, on floors 20, 21, and 22 at 1900 Avenu...
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• Torrance Commerce Center Acquired by Koll/PER
3/27/09
Torrance Commerce Center, a 60-unit, 112k sf industrial park in Torrance, was recently acquired by Koll/PER, a venture of The Koll Company and the Public Employee Retirement System of Idaho (PERSI). It is situated on a 6.26-a...
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• New Restaurant Adds the Right Elements to the Pasadena Playhouse
3/27/09
By Allen Wolfsheimer
Things may be slow these days but people still have to eat and, with the right combination of food, price and ambience, people are still electing to dine out on occasion. Soon, residents in the LA area w...
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• Bixby Land Awards Leasing for 400k sf Retail Portfolio to Grubb & Ellis
3/26/09
Bixby Land Company has awarded the leasing assignment for four shopping centers in south LA County to Grubb & Ellis Company. The properties, three in Long Beach and one in Cerritos, total roughly 400k sf.
Terrison Quinn, Ma...
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• Starpoint Closes Towering Buy in Texas
3/26/09
StarPoint Commercial Properties, out of Beverly Hills, just closed on a notable Texas buy, having acquired office and retail space at The Tower Complex, a mixed-use residential condo development located at 500 Throckmorton St...
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• Adobe Communities Acquires Vacant Pasadena Apartment Building for Senior Housing
3/23/09
Abode Communities has acquired a 33.7k sf apartment building located on 42.8k sf of land at 1267 North Hudson Ave, a block west of Lake Ave in Pasadena, for $4.5 mil. The non-profit developer, also known as Hudson Oaks Limit...
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• 2G Digital Post Takes 6.5k sf of Burbank Space
3/23/09
The commercial portion of Gangi Development’s Media Village in Burbank is 100% leased thanks to a recent deal with post-production company 2G Digital Post, which signed a five-year, $950k lease for 6.5k sf ($2.43/sf/mo) of of...
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