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• Towers to Remain in Century City Tower after $10 Mil Renewal
5/14/09
In a recent Westside office lease, the firm of Towers Perrin Forster & Crosby agreed to a five-year, $10 mil renewal for 43.2k sf of Class A space at Watt Plaza in Century City. The transaction has an average rent of roughly ...
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• Valley Village Development Site Offered for $13 Mil
5/13/09
A 150.5k sf development site is being offered for sale in Valley Village, a community in the eastern San Fernando Valley that used to be an upscale part of North Hollywood. Located at 12629-12729 Riverside Dr, just north of t...
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• Townhouse Restaurant & Wine Bar Comes to the Sherman Oaks Galleria
5/12/09
There was a notable restaurant signing at the Sherman Oaks Galleria, the iconic office and entertainment complex at the corner of Ventura and Sepulveda Blvds in the San Fernando Valley that was completely redeveloped a few ye...
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• A Rose is a Rose Unless It’s a Venice Apartment Building
5/11/09
The Venice Rose apartment building, an historical 24-unit multifamily property situated just steps away from the famed Boardwalk in Venice Beach, traded hands in a recent $3.8 mil transaction ($158.3k sf). The property, locat...
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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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