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• Premier Business Centers Takes over Former Synergy Space in Beverly Hills
10/22/09
Premier Business Centers, the big executive suites firm based out of Irvine, assumed a six-year lease formerly held by Synergy for 25.8k sf at 9701 Wilshire Blvd, a 12-story, 110k sf office tower in a highly desirable Beverly...
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• Columbia Manufacturing Leases 110k sf Gardena Industrial Property
10/22/09
In a big industrial lease in LA’s South Bay, Columbia Manufacturing Corp inked a deal for a two-building, 110k sf property in Gardena. The five-year transaction has a value of $2.5 mil, or about $0.38/sf/mo.
Columbia, a cen...
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• West LA Apartment Building Sells for $3.4 Mil
10/21/09
An 18-unit apartment property located at 1382 Kelton Ave, south of Wilshire Blvd and east of the 405 Fwy, sold for $3.39 mil ($188.3k/unit). The property contains 14k sf of space and is composed of 15 one-bedroom/one-bathroom...
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• OMP Sells Third Building at Pomona Industrial Park
10/20/09
In a newsworthy Pomona industrial sale, Roxy Realty Investment LLC purchased a 95.6k sf building at 389 Humane Way, south of I-10 and Valley Blvd, between the 57 and 71 freeways. Located within OMP Empire Gateway Business Cen...
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• New 195-Unit Multifamily Project is Nearing Completion in Woodland Hills
10/19/09
Western National Properties is currently developing a 195-unit multifamily project in the west San Fernando Valley community of Woodland Hills, which is nearing completion. This project is the first development with the firm...
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• New San Pedro Waterfront One Step Closer
10/19/09
The Los Angeles Board of Harbor Commissioners unanimously voted on September 30 to approve a $1.2 bil plan to redevelop San Pedro’s aging waterfront, an effort that has been in the works for 10 years. The project, which is ho...
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• Financing for $37 Mil San Pedro Apartment Arranged by NorthMarq Capital
10/16/09
First mortgage financing of $30.36 mil on two San Pedro apartment properties acquired by an Orange County-based real estate investment group was arranged by Ory Schwartz of NorthMarq Capital. The properties, Harbor View Apart...
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• Andrew Levant Returns to Kennedy Wilson
10/16/09
Andrew Levant was appointed Senior Managing Director, Business Development at Kennedy Wilson Auction Group. Levant is re-joining the group’s rapidly growing business development team in Beverly Hills after spending the past ...
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• Guthy-Renker Inks Expansion/Renewal Deal in Santa Monica
10/15/09
In the latest leasing news from Santa Monica, Guthy-Renker LLC, one of the world's largest direct response television companies, inked a renewal/expansion deal at 3340 Ocean Park Blvd. The company will now occupy 70k sf, an i...
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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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