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• Sherman Oaks Multifamily Complex Sells for $210/unit
5/08/09
Kester Place Apartments, a 26-unit apartment complex in Sherman Oaks, traded hands in a transaction valued at $5.45 mil, or about $209.6k/unit. Located at 5405 Kester Ave, Kester Place Apartments comprises a mix of two-story ...
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• Rexford’s Latest Whittier Tenant is a Perfect Fit
5/08/09
One SoCal real estate firm that has continued to enjoy considerable leasing activity in these tougher times is LA-based Rexford Industrial LLC, a privately held company that, since January 2009, has completed 20 new leases to...
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• LA Buyer Finds Retail Investing to Be Fresh & Easy
5/07/09
A 15k sf single-tenant retail building occupied by Fresh & Easy Neighborhood Market in Loma Linda was acquired by an LA-based partnership for $2.865 mil ($191/sf). The property, which was just constructed in 2009, is situated...
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• Oltmans Still One of the Top Contractors in CA
5/06/09
Whittier-based Oltmans Construction Co. remains one of the top general contractors in California, ranking 33rd among 95 companies in a recent survey by California Construction magazine. Oltmans, which posted a construction vo...
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• Investor Casts a Mighty Net over West San Fernando Valley Office Building in $7 Mil Deal
5/05/09
In the western San Fernando Valley, a 36.7k sf office building traded hands in a $7 mil ($191/sf) transaction. The two-story building is located at 26010 Mureau Rd, east of Las Virgenes Rd and just north of the 101 Fwy, withi...
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• Six BOMA GLA Building Members to Compete for International Honors
5/01/09
BOMA of Greater Los Angeles continues to see more than its fair share of local Outstanding Building of the Year Award (TOBY) winners moving on to competition at the international level. This year, six BOMA-LA building members...
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• Recent Deals Lock Up 100k sf at Howard Hughes Center
4/30/09
Howard Hughes Center, the West LA mixed-use office and retail campus developed by Arden Realty, recently saw a spate of 11 leases totaling 98.5k sf of space. The five-building, 1.2 msf complex, now owned by Equity Office Prop...
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• Marcus & Millichap Handles Pair of LA-Area Apartment Sales
4/29/09
Here are a couple of recent LA-area apartment acquisitions brokered by Marcus & Millichap, the big investment brokerage firm. One of the transactions was in North Hollywood while the other took place in Los Angeles, just sout...
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• Recent Deals Bring The Alhambra to 92% Leased
4/24/09
Two recent leases totaling 35k sf have brought The Alhambra campus to 92% leased, despite the general slowdown in leasing activity throughout the region. The Alhambra, a 45-acre mixed-use complex owned by The Ratkovich Compan...
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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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