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• A New Mr. Mojo Rising at Maguire Properties
5/20/08
Even though the writing has been on the wall for some time now, we never really thought we’d report that Rob Maguire has been replaced as President and CEO of Maguire Properties, the big SoCal-based office REIT that he founde...
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• Long Beach Building Becomes Newest Constellation
5/19/08
A vacant 29k sf building in Long Beach was acquired by locally based Constellation Community Middle School to be redeveloped as a charter school. The property, located near Pacific Coast Hwy at 1955-1965 Long Beach Blvd, sold...
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• Kennedy Wilson Takes Chadwick Name to New Heights
5/16/08
As part of an extensive $14 mil renovation program for its City Heights apartment property in LA’s Koreatown area, Kennedy Wilson Multifamily Group (KWMF) has changed the property name to The Chadwick. KWMF acquired the asset...
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• RENTV Audience Responds to Los Angeles Property Rights Rulings
5/15/08
We’d like to thank the viewers who sent back comments in response to our opening comments in the May 8th “The Real Estate Insider” email newsletter about two Los Angeles City Council rulings on a couple of important property ...
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• Upscale Miracle Mile Res Project Ready to Open
5/15/08
A new, upscale residential development is slated to open in LA’s Miracle Mile area. Called Viridian, the project is located at 5659 West 8th St, at the corner with Hauser, and contains a total of 60 units that average almost ...
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• Barak and Weller Hope to Get Lion’s Share of SoCal Value-Add Multifamily Opportunities
5/14/08
Two Los Angeles real estate veterans, Mory Barak, formerly of Buchanan Street Partners, and Jeff Weller, formerly with CB Richard Ellis, have formed Lion Real Estate Group LLC, a privately held real estate investment firm foc...
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• BOMA LA to Present It’s Own Version of Iron Man
5/14/08
Metal theft is becoming a much greater concern of late for property owners, with the rapid rise in the price of metals leading to a startling increase in incidents of theft at many buildings. Everything from valves and metal ...
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• GE Finances Legacy’s Pasadena Office Buy
5/14/08
Legacy Partners recently acquired a 104.5k sf Class A office building at 70 South Lake Ave in Pasadena in a transaction that was funded with a $36.45 mil first mortgage provided by GE Real Estate. The three-year, first mortga...
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• El Segundo Seller Gets For Stars in Latest Deal
5/13/08
Two recent South Bay transactions – one a lease and the other a sale – totaled up to $8.55 mil in value. The larger of the two deals was a lease, as Schenker Inc, a leading provider of integrated logistics services, agreed to...
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• New Multifamily Development Livens Up Westwood Village
5/09/08
A new upscale multifamily development is bringing new life to Westwood Village and is expected to spark additional interest in this desirable mixed-use area in West LA, situated adjacent to the UCLA campus. The project, Palaz...
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• Pasadena Investor Nabs Eagle Rock Office Property
5/09/08
A two-building, 9.7k sf office property in Eagle Rock was purchased by a Pasadena-based investment group for $3 mil ($309/sf). Located at 963 – 969 Colorado Blvd, on the corner with Figueroa St and just south of the 134 Fwy, ...
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• GE Provides $45 Mil for Playa Vista Office Buy
5/08/08
GE Real Estate provided a $45.23 mil on-book loan to an affiliate of The Lionstone Group for the acquisition of two office buildings in the Playa Vista area of West LA, near LAX. The property, Playa Business Campus, totals ne...
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• Transpacific to Begin Work on Final Office Building at Cerritos Towne Center
5/08/08
Transpacific Development Company (TDC) is set to start work on a new Class A office building in Cerritos, having executed a $25 mil lease with the local law firm of Atkinson, Andelson, Loya, Ruud & Romo, which will occupy 60%...
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• LA Industrial Sale Dovetails Tight Market
5/07/08
Dovetail Furniture Inc, a large importer and distributor of handcrafted furniture on the west coast, has purchased a 52.4k sf industrial building located at 14000 S. Figueroa St, north of Rosecrans Ave and east of the 110 Fwy...
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• Commerce Landlord Whistling Dixie after Replacing Tenant for 270k sf Facility
5/06/08
In what is reportedly the largest lease transaction in the City of Commerce in the last seven years, Bridge Publications, the company that produces all of the publications and compact discs for the Church of Scientology, has ...
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• Maxxam Making a Fashion Statement
5/05/08
Maxxam Enterprises is looking very fashionable these days, as the privately held LA real estate firm has five projects totaling more than 200k sf in various stages of development in the rapidly growing Fashion District of dow...
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• San Fernando Mixed-Use Project May Be Re-Configured for Affordable Senior Housing
5/01/08
Gangi Development was given a nine-month extension of an exclusive negotiating agreement with the City of San Fernando to finalize the components of a mixed-use project for a city-owned parking lot at San Fernando Mission Blv...
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• Fleishman-Hillard Goes Hollywood
5/01/08
When it comes to Hollywood, they say any PR is good PR, which makes this latest office lease look even better, as the PR firm of Fleishman-Hillard inked a deal for 9.3k sf of space at 6751-6755 Hollywood Blvd, just east of Hi...
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• Maguire Properties’ Suitor May Be Rob Maguire
4/30/08
With recent efforts to locate a potential buyer for Maguire Properties having come to a halt a few weeks ago without any likely contenders, company CEO Rob Maguire is now making a strong play to buy the company himself. The c...
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• LA-Area Apartment Comp Review
4/30/08
Here’s an update on three smaller apartment sales comp from around the LA area. We’ll start in the west San Fernando Valley community of Canoga Park, where an investor paid $2.85 mil for a 19-unit ($150k/unit) building at 703...
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