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April 22, 2024
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LOS ANGELES COUNTY NEWS
Archive
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• Construction Underway on Valencia’s First LEED-Certified Office Project
12/14/07
Construction on an exciting new office project in the master-planned Valencia area has reached the mid-point, with completion scheduled for mid-April 2008. Called Summit Oaks, the $25 mil building is being developed by Aliso ...
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• TDC Ringing in the New Year with $150 Mil of 4th Quarter Deals
12/13/07
It’s been a very active month and a half for Torrance-based Transpacific Development Company, as the company completed the acquisition and disposition during this time of several properties containing a total of about 922k sf...
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• The Big Show Comes to Hollywood
12/11/07
Recent news from Hollywood will provide a lot of folks, both residents and tourists, with reason to spend a little more time in this storied part of Los Angeles. Cirque du Soleil, the international entertainment firm based ou...
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• Pomona Paper Mill to Be Redeveloped into Industrial Park
12/10/07
The site of a former paper mill in Pomona will soon be home to a new five-building, 408k sf industrial park to be called the Valley-71 Business Park. The project, a development of Long Beach-based Seventh Street Development, ...
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• South Bay Facility Trades Hands in Fashionable $16 Mil Sale
12/07/07
A 30-year-old office/industrial facility in LA’s South Bay area that used to house Nissan's North American Headquarters was just purchased by a Korean apparel company. The 124k sf building, at 18455 South Figueroa St, is loca...
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• Pro Moves
12/06/07
Long-time SoCal real estate pro Al Beaudette has joined up with Portland-based Harsch Investment Properties, the privately-held real estate investment, development and management company, where he was hired as Senior Vice Pre...
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• Highland Realty Capital Barn-Storms $19.6 Mil for Unique LA Res Project
12/06/07
While some in the real estate biz are known for being able to turn a barn into a palace, here’s news of a lender that’s able to help convert a warehouse into a barn… well, at least by name. Highland Realty Capital has secured...
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• Torrance Office Lease Valued at Over $21 mil
12/05/07
With asking rates for office space in LA’s Westside continuing to skyrocket, activity in the South Bay has started picking up. In a sizable deal that just closed, CCH Inc, a provider of information services, software and work...
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• Draftsmen & Craftsmen
12/05/07
One of the most exciting developments changing the landscape in downtown Los Angeles is the Market Lofts at 9th and Flower, a brand new $70 mil mixed-use urban community located adjacent to the business and financial district...
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• Live/Work Res Development Reaches New Heights with Latest LA Project
12/04/07
The live/work, loft-style development trend that has so influenced the rapid growth of new housing units in downtown LA over the past few years continues to extend beyond the traditional borders of the CBD, as new projects ar...
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• NY Investor Moves into the Hollywood Hills
11/30/07
An 80-unit apartment community situated at the edge of the Hollywood Hills was acquired by a New York investor for $21.7 mil ($271k/unit). The asset, The Tower at Hollywood Hills, is located at 1800 Normandie Ave, between Hol...
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• Looming Hollywood Studio Sale Sure to Make Channel 5 News
11/29/07
Another West LA entertainment property is reportedly close to trading hands. According to a recent article by Roger Vincent in the LA Times, Hudson Capital, the locally based investment firm led by former Arden Realty Preside...
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• Mechanix Wear HQ Building a Fashionable Addition in Valencia
11/28/07
A new $11 mil world headquarters and distribution center for Mechanix Wear, a high-performance glove marketer prominent on the NASCAR circuit, has been unveiled and occupied in Valencia. The structure is distinguished by a dr...
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• Entertainment Firm Leases Lions’ Share of Santa Monica Office Building
11/27/07
Santa Monica’s pricey Media District area continues to draw many of the big entertainment industry firms, as evidenced by this latest expansion deal by Lions Gate Entertainment. The independent producer and distributor of mot...
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• Chubb and Psomas Take 130k sf at City National Plaza in LA
11/26/07
Thomas Properties Group recently completed two very notable lease transactions, signing Chubb Insurance for 92.6k sf and Psomas for 41.2k sf at City National Plaza, the former Arco Plaza complex in downtown Los Angeles. Sinc...
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• Transpacific Closes $22 Mil Phoenix Office Buy
11/26/07
Transpacific Development Company, the Torrance-based development and investment firm, recently added another substantial asset to its portfolio with the acquisition of a 92k sf office building in Phoenix, AZ. The four-story, ...
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• Investor Exchanges $22.5 Mil for Glendale Exchange Property
11/21/07
A parcel that is viewed as a key part of the City of Glendale’s long-term vision for a mixed-use urban village epicenter recently traded hands. The 1.44-acre site, which houses a 92.2k sf retail and office project called the ...
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• Equinox Works Out $33 Mil South Bay Lease
11/20/07
Here’s news of a interesting lease that could help pump up activity in Hawthorne, as Equinox, one of the country’s bigger fitness center chains, inked a 30-year deal for 45k sf of space at 5400 Rosecrans Ave, a two-story, con...
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• Draftsmen & Craftsmen
11/20/07
Rios Clementi Hale Studios, an LA-based multi-disciplinary design firm, is venturing in new directions by becoming the landlord and developer of a 17k sf mixed-use project situated on the city’s trendy Larchmont Blvd, at the ...
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• Downtown LA Skyscraper Reports Flurry of New Signings
11/19/07
A spate of seven recent lease signings have filled an additional 137k sf of space at Figueroa at Wilshire, the 50-story, 1 msf Class A office tower located at 601 S. Fig. Three of the leases, totaling over 64k sf, are with co...
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