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• Two Buyers Nab Seven Units at Paramount Multi-Tenant Campus
10/14/09
Two buyers have acquired seven units at Somerset Business Park, a five-building, 157.7k sf multi-tenant business campus in Paramount. The development, which consists of 33 office, retail and industrial for-sale units ranging...
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• Korean Food Company Buys 41k sf Gardena Industrial Building
10/13/09
A 41.1k sf industrial building in Gardena was purchased by Ottogi America Inc, a Korean food company, for $5.2 mil ($127/sf). The building is located at 1650 W. El Segundo Blvd, south of Imperial hwy and LAX, and a block west...
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• Sony Renews 50k sf at Howard Hughes Center
10/08/09
Sony Corporation recently signed a five-year lease renewal for 50.4k sf of office space at Howard Hughes Center in Westchester. Their space is at 6080 Center Dr, a 12-story high-rise built in 2001 and located on the west side...
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• New LMU Campus Library Sure to Make Books Popular Again
10/07/09
Snyder Langston has completed the Loyola Marymount University (LMU) William H. Hannon Library facility located on the LMU campus at 1 LMU Dr in Los Angeles. Designed by AECOM, the 120k sf, three-level university facility addr...
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• New 23k sf T.J. Maxx to Open in Paramount
10/07/09
T.J. Maxx, the country's largest off-price retailer of apparel and home fashions, is opening a brand new store in the LA-area city of Paramount. The 23.4k sf store is located in the Paramount Plaza Shopping Center at 15719 D...
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• Iconic West LA Hotel Trades in $35 Mil Sale
10/06/09
Hotel Angeleno, the landmark tower situated adjacent to the 405 Fwy off of Sunset Blvd in West Los Angeles, traded hands in a $35 mil transaction between two local private investors. The iconic, cylindrical hotel is 17 storie...
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• Activity Update from New Long Beach Business Campus Project
10/02/09
The latest activity at Douglas Park, a 55-acre business park currently under development at the former Boeing aircraft manufacturing site in Long Beach, includes two building sales and two leases totaling roughly 39k sf of sp...
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• 1880 Café to Offer Unique Alternative for Century City Tenants and Residents
10/01/09
Century City office tenants have an exciting, new dining choice, as restaurateur James Li has opened an attractive, lively and environmentally conscious “1880 Café” on the ground floor of the newly renovated and award-winnin...
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• Equity Collects $37 Mil from Sale of Two South Bay Apartment Properties
9/29/09
Harbor View and Bay Ridge, two apartment communities totaling 220 units in the South Bay city of San Pedro, traded hands in a recent $37.25 mil ($169.3k/unit) transaction. The properties were sold by Equity Residential.
Loca...
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• Former Venice USPS Property a Grand Opportunity for the Right Buyer
9/29/09
Here’s news of an interesting listing to hit the market in Venice, as the U.S. Postal Service has elected to sell a former postal site at 313 Grand Blvd, a few blocks north of Venice Blvd and just a few blocks in from the ico...
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• Ashley Furniture Leases Former Wickes Store in Palmdale
9/24/09
Ashley Furniture HomeStore inked a lease for the 42k sf former Wickes Furniture Store building in the Sierra Commons shopping center, situated across from the Antelope Valley Mall in Palmdale. Located at the northeast corner...
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• $21 Mil Apartment Sale is Biggest Hollywood Multifamily Deal this Year
9/24/09
In what we’re told is the largest Hollywood multi-family transaction so far this year, Hollywood Place Apartments LLC of Los Angeles purchased the 112-unit Hollywood Place Apartments from Iowa-based SP/P Hollywood Place for $...
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• Pasadena Office Property Trades in $52 Mil Deal
9/23/09
In a just completed SoCal investment transaction that is said to be the largest office building sale in LA County so far this year, an Arcadia-based private investment entity, Singpoli, with capital partners in Hong Kong and...
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• Equus Subleases 56k sf of Pomona Industrial Space
9/22/09
Equus Computer Systems Inc agreed to a 30-month sublease for 55.9k sf of industrial space in Pomona. The property, a Class A warehouse building located at 2805 Reservoir St, south of the 60 Fwy and east of the 71 Fwy, will s...
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• LA Industrial Property Fetches Over $5 Mil
9/22/09
A private investor paid $5.25 mil for a 96k sf ($55/sf) industrial property on the east side of downtown Los Angeles. The property is located at 840 Santee St, north of Olympic Blvd and midway between Alameda St and the 110 F...
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• Bellflower Strip Center Fetches over $200/sf
9/21/09
Alondra Plaza, a 9.2k sf strip center in Bellflower was acquired by a Los Angeles-based private investor for $1.97 mil ($214/sf). The multi-tenant property is located at 9345-9361 Alondra Blvd, on a 0.5-acre lot at the inter...
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• City of Los Angeles Looking to Expand “Historic” Building Designation to Also Regulate Interiors
9/18/09
The City of Los Angeles is looking to draft an ordinance that will give the city the power to expand its “historic” building designation to also be applied in some cases to building interiors. Here is a brief opinion on the d...
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• Deluxe Deal Keeps Burbank Office Building Fully Leased
9/17/09
In what we’ve been told is the largest office space renewal in Burbank so far this year, Deluxe Digital Studios signed a six-year renewal deal for 65.2k sf of space over two full floors at 2400 Empire Ave, southwest of I-5 an...
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• Santa Clarita Industrial Building Trades Hands in $10 Mil Sale
9/16/09
A 93.2k sf industrial warehouse/showroom building in Santa Clarita was purchased by Side Yard LLC for $9.87 mil, or about $106/sf, in what is said to be one of the largest industrial sales in the region so far this year. The ...
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• Dendreon Inks Deal for 184k sf Facility in LA’s South Bay
9/15/09
In news of a large lease transaction from LA’s South Bay region, Dendreon Corporation agreed to a 10-year deal for an entire 184k sf building located at 1700 Saturn Way in Seal Beach, within the Pacific Gateway Business Cente...
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