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• L.A. Gets Live-lier with Opening of 26-Story Luxury Res Tower
4/10/08
A unique apartment high-rise project in downtown Los Angeles is set to debut in May, 2008. We’re talking about the grand opening of 717 Olympic, a 26-story luxury rental project in the heart of the new 27-acre L.A. Live enter...
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• Investors Pay Top Dollar for Portfolio Enhancement Procedure
4/10/08
by Allen Wolfsheimer
In a Beverly Hills office buy that stands a cut above similar deals in the region, a 63.3k sf medical office property occupied primarily by high-profile plastic surgeons sold for $55 mil, or $869/sf, a record price for this t...
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• Pacoima Industrial Facility Sells for $5 Mil
4/09/08
A 53k sf manufacturing/distribution facility at 13020 Pierce St, east of the intersection of the 118 and 5 freeways in Pacoima, traded hands at a price of $4.98 mil ($94/sf). The property is strategically located in an enterp...
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• Investors Get Industrious in North LA County
4/08/08
For those of you who follow commercial deal activity from northern LA County, here are some transaction notes from a few recent industrial sales in the area. We’ll start with the sale of a 6.8k sf building on a 44k sf land si...
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• New 202-Unit Northridge Apartment Complex to Be Completed in June
4/07/08
With sales of houses and residential condos still mired in a major downturn, demand for apartments remains stronger than ever, prompting continued development of new projects and the repositioning of many late-to-market condo...
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• El Segundo HQ Asset Offered for Sale
4/07/08
Major investors or businesses looking for near 200k sf of office/R&D space in LA’s South Bay region might want to check out this recent listing that just hit the market. The offering consists of a 175k sf HQ office building a...
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• Arden Sells $700 Mil of Office Assets in Two Major Deals
4/04/08
Arden Realty, the Brentwood-HQ’d office property owner that was acquired by GE Real Estate for $4.8 bil in 2006, is making significant changes to its portfolio, as the company recently sold 1.73 msf of assets in two sales, to...
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• Glendale Becomes the Joketown Hometown
4/03/08
A pair of recent leases filled an additional 25.5k sf of space at 505 N. Brand Blvd, a 319.9k sf Class A office tower in Glendale’s financial district. The two transactions, with American Imaging Management and Joketown Inc, ...
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• Living Spaces Gets State-of-the-Art Space at The Plant
4/02/08
A new $20 mil state-of-the-art warehouse and showroom for Living Spaces Furniture was just completed at “The Plant” in Panorama City, replacing what was the largest metal building at the former General Motors assembly plant w...
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• Raleigh Spends $17 Mil on Two LA Industrial Assets
4/02/08
Santa Monica-based Raleigh Enterprises picked up two LA-area industrial properties in separate transactions, totaling $17.1 mil, over the last few months. The buildings, which contain roughly 200k sf of space, are in the City...
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• Marina del Rey Leasing Market Remains on Solid Ground Thanks to Gravity
4/01/08
Gravity Interactive Inc, an international online game producer, has relocated in a five-year expansion lease within Marina del Rey, taking 21.8k sf of space at Marina Business Center I, a Class A, converted flex 46.2k sf buil...
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• Sales Kick-Off at New Glendora Res/Live-Work/Retail Condo Project
3/28/08
Sales efforts have begun at Vermont Avenue Lofts, an exciting new mixed-use condo project in Glendora. The $14.2 mil development, which contains a mix of residential/live-work and retail space, is located in the city’s “Downt...
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• New North Valley Industrial Park 25% Sold Before April Completion
3/28/08
As construction nears completion on North Valley Commerce Center, a new industrial business park under development in the north San Fernando Valley, 25 percent of the complex in already escrow, just 90 days after marketing ef...
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• NoHo Project Takes Unique Path
3/27/08
Although the changing economic climate is leading some developers to convert residential condos to rentals, one San Fernando Valley developer is taking a different path -- transforming rentals to office condos. NoHo Lofts, lo...
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• Heslin Becker Finishes Work on Redeveloped Pico Rivera Center
3/26/08
Construction has been completed on Pico Plaza, a 30k sf shopping center in the heart of urban Pico Rivera. The center, which is now open for business, boasts a strong tenant line-up that includes Rite Aid, Subway and Starbuck...
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• New Venice Res/Retail Project has Lofty Goals
3/25/08
A new residential project at the hip corner of Abbot Kinney and Venice Blvds marks the first new apartments in Venice in over a decade. Located at 1645 Abbot Kinney Blvd, Abbot Lofts features residential flats and lofts over...
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• Third Phase of NoHo Commons Gets Underway
3/25/08
Some big LA politicos, including Mayor Antonio Villaraigosa and Councilmember Tom LaBonge, joined executives from developer J.H. Snyder on Monday, March 24, for the groundbreaking on the third and final phase of the NoHo Comm...
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• Conejo Valley Gets High-End Home Furnishings Super-Center
3/24/08
A new 120k sf home furnishing center in the Conejo Valley puts a number of high-end home furnishings retailers together under one large roof in Agoura Hills. The unique furniture retail complex is a development of Woodland Hi...
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• LA Tenant Takes Space at International Tower while International Tenant Leases at LA Building
3/24/08
Here’s a recent lease comp from LA’s Mid-Wilshire area, as the Taipei Economic and Cultural Offices in Los Angeles (TECO – Los Angeles) agreed to a $2.5 mil, six-year deal for 17.4k sf ($2/sf/mo) of space at 3731 Wilshire Blv...
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• Koll Completes Work on City of Industry Center
3/20/08
The Koll Company has wrapped up construction on Koll Center Industry, an award-winning, four-building, 129.8k sf industrial project in the City of Industry. Developed on a 7.4-acre site at 17801 Arenth Ave, Koll Center Indust...
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